Scenario: You have been hired as the practice administrator, and are attending the first organizational meeting with the 10 doctors. The doctors have expressed frustration with financial reporting at their other practices, and want to you develop a monthly financial package and presentation.

Questions...

• What financial reports (excluding the Executive Summary) will you present to them on a monthly basis?
• Explain why you chose these? Why are they important to this practice?
• What is the relationship among the financial statements? What key elements relate to each other?