You are applying for a health care manager position that reports to the department head of a hospital. As part of this role, you may be responsible for pulling key financial data for the department head and completing some simple financial analysis. As part of the interview process, the recruiter wants to ensure your familiarity with financial documents and the data they contain.

 

• What are the 4 main financial statements, what's in them, and what they are used for
• How does the data flow from the transaction (e.g. MRI scan) to financial statements? Use the following key terms in your response: transaction, journal entry, general ledger, financial statement.
• In the health care industry, who are some of the key internal and external users of financial statements? What are the main day-to-day business decisions made by using financial statements (e.g., eligibility for an external loan)?

Answer rating: 100% (QA)

1 The four main financial statements are a Income Statement This statement provides information about a companys revenues expenses and net income over a specific period It includes revenues from sales ... View the full answer