Summarize information about the various types of financial reports that may be seen by a health care manager. How would...
Summarize information about the various types of financial reports that may be seen by a health care manager. How would these reports be helpful for making day-to-day decisions? Please be specific
Homework Answers
Ans) Financial management entails planning, organising, controlling, monitoring and evaluating the financial resources of an organisation to achieve its overall objectives.
- Financial decisions are the decisions concerning the liabilities and the stockholders' equity side of the balance sheet such as decision to issue bonds.
- Financing is the process of deciding the source, use and measures to control the funds in any kind of business and to see to it that the funds are put to its best.
- The stronger your financial management the greater the opportunity you have to maximise your profits in the short term and to grow your capital value in the long term. The stronger your financial management the easier it is for you to raise finance, and probably at a lower cost.
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Summarize information about the various types of financial reports that may be seen by a health care manager. How would...
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