in regards to the financial status current or future of Stanford Health Care.
READINGS: Accounting Fundamentals for Health Care Management
Chapter 12 An Even Closer Look at Financial Statements
Chapter 13 Notes to Financial Statements The Inside Story
Articles and Websites
Stanford Health Consolidated Financial Statements for 2014 (retrieve from the Web via Google)
Transforming Financials into Exponential Change HFMA January 2007 by Ken Fisher
Wanted: The Common Sense to Blow on Hot Soup HFMA July 2008 by Kevin T. Ponton
SEC Actions Compel New Focus on Disclosure HFMA November 2013 by Heidi H. Jeffery and David Y.
Bannard
Keys to Reporting Uncompensated Care HFMA June 2008
Most of the articles can be accessed through the HFMAs website or through a search engine (e.g. Google put
the title and authors name along with HFMA in your search terms).
PART ONE:
ASSIGNMENT TWO(DISCUSSION)Review the Transforming Financials into Exponential Change and
Wanted: The Common Sense to Blow on Hot Soup articles. Discuss one major take away point from one (or
both) of these articles.
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B. PART TWO ASSIGNMENT(3) (1 full ESSAY USING APA STYLE).
1. Provide a brief description of each of these assets and arrange them in order of liquidity from most to least
liquid: accounts receivable inventory cash marketable securities. On which financial statement would you find
these assets listed .
2. Describe the primary distinctions between the terms Excess of Revenues over Expenses and the Increase in
Unrestricted Net Assets..
3. Why must organizations disclose their accounting policies in the notes to the financial statements .
4. Review Chapters 12 & 13. Assume for our discussion that you were interested in investing in a particular
organization s stock and you were given access to their end of the year financial statements (the Auditor s
Opinion Letter Balance Sheet Operating Statement Statement of Changes in Net Assets Statement of Cash
Flows and Footnotes) prepared by their independent auditors. What would be the first five areas that you would
review and why .
5. From your review of the SEC Actions Compel New Focus on Disclosure article briefly describe one
specific point that you found interesting.
6. From your review of the Keys to Reporting Uncompensated Care article discuss the difference between
charity care and bad debt. How are each of these recorded from an accounting perspective .