Why is the balance sheet considered a point in time statement? What is a fiscal year? Why might an organization choose a fiscal year that differs from a calendar year? How are paid-in capital and retained earnings different in for-profit health care organizations? What can a financial statement user learn from analyzing the operating statement? Will this provide all the information necessary to understand the organization's cash position? What are the key differences between cash and accrual accounting? What are pros and cons of cash accounting? Of accrual accounting?