Unit outcome(s) addressed in this Assignment:
- Describe the format and elements of a balance sheet, statement of operation, statement of changes in net assets, and statement of cash flows.
- Explain financial statement analysis.
- Discuss uses of financial information.
- Describe alternative in financial reporting.
Course outcome(s) addressed in this Assignment:
- Analyze major financial reports used in health care organizations.
- Leadership professional competency addressed in this Assignment:
- Formulate innovative solutions for identified initiatives.
Instructions
- Imagine that you have recently been promoted to the role of Chief Training and Education Officer for Health Care Systems, Inc., a regional not for profit hospital, with over 3,000 employees who serve all aspects of patient services.
- In this new role, the CEO has asked to create a training module for all employees. This training and education module will focus on the uses of financial statements to make effective decisions.
- The CEO also requested that you include some educational information on how financial statements reflect an organization's financial health.
When completing this Assignment, consider the following:
- What information is most important for the employees to understand? Ask yourself, "If I was an employee, what would I need to know and why?"
- Consider how training and educating employees on the uses of financial statements may influence their everyday decisions. What information should the employees know? What is most important?
- What kinds of examples can I provide to show the impact of financial statements on decision making?
The training module should be created as a PowerPoint® Presentation and should include an introduction to the concepts you will train the employees, examples of financial statements employees may encounter, examples of how to use these statements to guide decision making, and a conclusion that summarizes their training.