Source of Revenue: Review of Financial Statements, health and medicine homework help

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Health Medical

Description

Download and review the financial statements of Ascension Health, a nonprofit, religious-based healthcare system, from http://ascension.org/about/community-and-investor-relations

Download and review the financial statements of HCA Holdings, Inc., a for-profit healthcare system. You can find the financial statements on one the many sites where such information is available, such as https://www.zacks.com/ or http://www.marketwatch.com/. Search the site with HCA Holdings' ticker symbol ("HCA") and then look for the "Financial" tab or section when you come to the site’s HCA Holdings page.

Part I

Review the companies' balance sheets, statements of income/operations, and statements of cash flows. Identify and describe five similarities and five differences between the two companies' financial statements.

Part II

After analyzing the statements, respond to the following:

  1. You have reviewed information on three financial statements for two respective organizations. In what way is each statement useful? Which statement seems to you most useful?
  2. If, due to time constraints, your organization could only prepare one financial statement, which one—balance sheet, statement of income, or statement of cash flow—would you recommend? Why?
  3. Write 2–3-page report. Include refences

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Explanation & Answer

Here is the response. Let me know if you need it edited. Thanks!

Running Head: COMPARING FINANCIAL STATEMENTS

Comparing Financial Statements: HCA Holdings and Ascension
Student’s Name
Professor
Course
Date

1

COMPARING THE FIANCIAL STATEMENTS FOR ASCENSION AND HCA HOLDINGS

2

Similarities
Both companies compare the results with at least a previous year.
Both companies have different segments for assets and liabilities.
Both companies have considered cash flow operating activities in their cash flow.
Both companies have considered cash flow investing activities comprehensively as well.
Both consolidated statements of operations show clearly the revenues and the gains (Ascension;
HCA Holdings).
Differences
Ascension’s statements of operations show the difference between revenues and the sum of the
expenses, while the HCA’s Statement of operations shows details, including income applicable
to common shareholders.
In the statements of operations, Ascension separates operating losses from expenses, where HCA
does not.
HCA has a comparison of its...


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