Financial Statement Components

User Generated

DhrraA

Business Finance

Description

Your team has been asked by a local community college instructor to speak to a class about health care accounting. The instructor has asked you to prepare a 10- to 15-slide presentation that includes the following:

  • Describe the relationship between financial statements and the supplemental components in an annual report.
  • Explain how the accounting equation affects financial statement components.
  • Determine the effects of transactions on the accounting equation.

Include the following with your presentation:

  • Detailed speaker notes
  • Specific examples

Format your presentation according to APA guidelines.

Cite 3 peer-reviewed, scholarly, or similar references to support your paper. Include citations in speaker notes and slides as appropriate.

I am only doing bullet three which is below

  • Determine the effects of transactions on the accounting equation.

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Explanation & Answer

Attached.

Health care
accounting

Accounting E quation
•It is also referred to as the balance sheet
equation

• it involves the relationship between the

liabilities, the assets and the owners equity
which is the capital.

•The total assets is given by the total liabilities
plus the owners equity.

• The equation can be written as assets =
liabilities + owners equity.

2

Accounting equation


Assets include the resources of the
business...


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