Health Care Case Study

750 WordsAug 30, 20123 Pages
Health Care Case Study: Financial Statements University of Phoenix Health Care Financial Accounting HCS/405 December 06, 2010 Health Care Case Study: Financial Statements This paper is a health care case study of financial statements for Patton-Fuller Community Hospital. This summary is a review of the annual report and financial statements and the differences between the audited and the unaudited statements. The financial ratios are examined to determine if there has been improvement from 2008 to 2009 and to explain the cause. This paper will also summarize the relationship between revenue sources and expenses and explain the effect of revenue sources on financial reporting. The summary will also determine how the hospital’s…show more content…
Effect of Revenue on Financial Reporting The expense report, which consists of assets from both an audited and unaudited annual report dated from 2008 to 2009, is the total of revenue acquired throughout the year. It is important to review the balance sheet and to understand the T account. The T account displays the two sides of the report: the left side indicates the debits and the right side indicates the credits. In the unaudited balance sheet in 2009

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