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PLEASE GIVE ME MORE SPECIFIC DETAILED ANSWER AND EXPLANATION WITH THE FOLLOWING QUESTION BASED ONLY THE 3 REFERENCES WEBSITE BELOW THAT I PROVIDED references: Asian
PLEASE GIVE ME MORE SPECIFIC DETAILED ANSWER AND EXPLANATION WITH THE FOLLOWING QUESTION BASED ONLY THE 3 REFERENCES WEBSITE BELOW THAT I PROVIDED
references:
- Asian Hospital 2022 Audited Statement of Financial Position, Statement of Comprehensive Income and Notes to Financial Statements; (ref: https://www.asianhospital.com/wp-content/uploads/2023/04/Audited-Financial-Statement-2022.pdf)
- Quezon City General Hospital 2021 FS (excel file) - Statement of Financial Position and Statement of Financial Performance; and (Ref: https://www.coa.gov.ph/wpfd_file/quezon-city-general-hospital-annual-audit-report-2021/)
- Quezon City General Hospital 2021 Notes to FS (Word File) (Ref: https://www.coa.gov.ph/wpfd_file/quezon-city-general-hospital-annual-audit-report-2021/)
QUESTION TO BE ANSWER;
Observe similarities and differences between a private and a government hospital:
- What is the accounting period used for financial reporting?
- In terms of Receivables, how do the hospitals differ?
- In terms of Inventories, what compose the inventories of Asian compared to that of QCGH?
- What compose the Property, Plant and Equipment of the two hospitals? Is there any property that one possesses which the other does not have?
- What is their source of equity or capital?
- Aside from the main source of Revenue of rendering services, what are the sources of Other Income/Business Income for the two hospitals?
- Considering the Income Statement/Statement of Financial Performance, what are the benefits(Revenue) derived from these costs(Expenses)?
- Personnel Costs
- Inventory of Medicines and Medical Supplies
- Inventory of Other Supplies
- Property and Equipment
- Repairs and Maintenance
- Computer Software (Hospital Information System)
- Infrastructure projects for additional facilities
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