(financial statement discussion) Prepare a couple of paragraphs which identify the four types of financial statements used in health care accounting/finance. What information is typically found on each of these financial statements?

(income statement analysis) - Locate the income statement for the health care system, hospital or health insurance company that you selected. This statement may also be called the Statement of Profit and Loss. In a couple of paragraphs, indicate what was the total incoming revenue for the organization you chose for the most recent fiscal year? What is the total of all operating expenses for the most recent fiscal year? What was the organizations net income for the most recent fiscal year? Do the expenses appear to be in line with revenue? Why or why not?

In one paragraph, explain the difference between the accrual method of accounting and the cash-basis method of accounting? Which method of accounting does the organization you researched use?

Briefly discuss what you learned from reviewing the financial statement section of the website for your organization. Do they appear to be a viable organization overall? Do you have any concerns about this organization, and if so, what are they?