Lesson 4: Financial Statement Development

Upon completion of the Required Readings, write a thorough, well-planned narrative answer to the following discussion question. Rely on your Required Readings and the Lecture and Research Update for specific information to answer the discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Your Discussion Question response should be both grammatically and mechanically correct, and formatted in the same fashion as the question itself. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your responses and document in a bibliography using APA style.

Discussion Question 1 (20 points)

You have recently been hired as a Senior Financial Analyst by Blank Memorial Hospital, a for-profit organization. For your first assignment, the CFO asks you to prepare a Statement of Cash Flows in good form. Since you are a recent Ashworth College graduate, he knows you are just starting out. He tells you (accurately) that the only resources you need to complete this task are the MH688 Lecture and Research Update on the Statement of Cash Flows and the textbook. He then gives you the following information.

Table 9: Blank Memorial Hospital Comparative Balance Sheet

After preparing the Statement of Cash Flows, prove to the CFO that you have completed it correctly. (20 points) (A 1-page Statement of Cash Flows with proof is required.)