Financial Statement Analysis Of Bay Area Community Hospital

Financial Statement Analysis of Bay Area Community Hospital Finance management is imperative in the operations of an establishment in determining whether the company will survive for a long period of time or for a short period of time. Therefore, the purpose of this paper is to interpret and analyze the financial statements of Bay Area Community Hospital (BACH) to elaborate how understanding it can be beneficial to managers and executives. Implications of Economics For Advance Practice Nurses The roles of advance practice nurses are evolving constantly. The advanced practice roles that nurses can grow into are clinical specialists, nurse practitioners, nurse executives and many more (Hamric et al., 2014). Other roles that are more involved with the financial functions of the organization is the Chief Financial Officer (CFO) and nurse managers that are responsible for the financial and managerial accounting to maintain the daily operations of an establishment (Finkler et al., 2013). Significance of Financial Statements Understanding the finances of a company is important but knowing the significance of the financial statements is crucial to the operations as well. Reviewing the statement of financial position, operating statement and statement of cash flows serve as a guidance to management and executives on the day-to-day activities of an organization (Finkler et al., 2013). For example, the statement of financial position (balance sheet) shows the assets andShow MoreRelatedThe Implications Of Economics For Advanced Practice Nurses1231 Words   |  5 PagesFinancial Cost Analysis With health care constantly reforming, the financial aspect of health care is very important for advanced practice nurses (APNs) to understand. Improving patient care is vital and should be accomplished by decreasing the health care costs, while being more efficient. 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