Imagine that you have recently been promoted to the role of Chief Training and Education Officer for Health Care Systems, Inc., a regional not for profit hospital, with over 3,000 employees who serve all aspects of patient services.

In this new role, the CEO has asked to create a training module for all employees. This training and education module will focus on the uses of financial statements to make effective decisions.

The CEO also requested that you include some educational information on how financial statements reflect an organization’s financial health.

When completing this Assignment, consider the following:

What information is most important for the employees to understand? Ask yourself, “If I was an employee, what would I need to know and why?”

Consider how training and educating employees on the uses of financial statements may influence their everyday decisions. What information should the employees know? What is most important?

What kinds of examples can I provide to show the impact of financial statements on decision making?

Answer rating: 100% (QA)

Balance sheet elements The accounting balance sheet is one of the main financial statements castoff by accountants and business owners Balance sheet with its main constituents and elements are Assets ... View the full answer