A manager has many tools available to analyze an organization’s financial condition, the four most common of which are the balance sheet, income statement, statement of cash flow, and ratios. Each tells a different story.
For this discussion, you are the financial manager for LazyRiver Regional Hospital. You have been asked by senior leadership to provide a primer on financial reporting tools to the newest managers.
- Prepare a five-slide narrated presentation on the balance sheet, income statement, and statement of cash flow in which you discuss what each tool contains and how we can use it to make financial decisions. For example, what does the balance sheet illustrate? What types of decisions would a manager make using it?
- Remember to respond to at least one of your classmates’ posts.