Question

Please I need some one who can help me we this to be answer all question as is required on this is for my term project. thank you.

you were asked to research on a specific Health Services Organization. Hint: Since you will be explaining the financial statements, do not pick an organization with complicated financial statements. It might also be helpful to read the Notes to the Financial Statements.

1.   Go on the internet and choose a specific health services organization and research its financial statements.

2.   Describe the components of your health services organization's Income Statement.

3.   Describe the organization and contents of the Balance Sheet.

4.   Describe the contents of the Statement of Cash Flows and the way it differs from the Income Statement.

5. Attach a copy of the financial statement so that your peers can view it.

6. Post your discussion with the appropriate reference(s).

the one I pick is Mayo clinic

answer as it pertains to the Mayo Clinic Health System.

Go on the internet and choose a specific health services organization (Mayo Clinic Health System) and research its financial statements.

Describe the organization and contents of the Balance Sheet.

Describe the contents of the Statement of Cash Flows and the way it differs from the Income Statement.

Answer 1

2. Major Components of health service organisation income statement are

Components	USD
Revenue, gains and other support
Net medical service revenue
Grants and contracts
Investment return allocated to current activities
Contribution made to current activities
Premium revenue
Any other
Net assets released from restrictions
Total income
Expense
Salaries and benefits
Supplies and services
Facilities
Finance and investment
Total expenses
Income from current activities

3. Major components of Balance sheet are

Components	USD
Current assets
Cash
Accounts receivables
Security lending collateral
Other receivables
Other current assets
Total current assets
Investments
Investment under security lending agreement
other long term assets
Property plant and equipment
Total Assets
Liabilities and Net assets
Current liabilities
Accounts payable
Accrued payroll
Accrued employee benefits
Deferred revenue
Mandatory tender debt
Long term variable rate debt
Security lending payable
Other current liabilities
Total current liabilities
Long term debt
Accrued pension
Other long term liabilities
Total liabilties
Net assets
Unrestricted
Temporary restrictred
Permanent restrictred