HCS 405 Week 3 Financial Statements Review

Resource: Patton-Fuller Community Hospital Virtual Organization

Review the financial statements,located in the Patton-Fuller Community Hospital Virtual Organization.

• Click on the Virtual Organization link in the “Resources” tab.
• Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
• Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.

Write a 350- to 700-word summary that addresses the following:

• Annual report, including the Patton-Fuller financial statements

  • How did the audited and unaudited financial statements differ?

• Relationship between revenue sources and expenses on Patton-Fuller’s financial performance

  • What is the effect of revenue sources on financial reporting at the hospital?
  • How are the hospital’s revenues and expenses grouped for planning and control?

Format your paper consistent with APA guidelines.