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Financial Statement Review for Physicians
Dr. David Edward Marcinko; MBA, CMP™
[Publisher-in-Chief]
The Statement of Retained Earnings or Shareholder’s Equity [Statement of Changes in Unrestricted Net Assets] is only one of four financial statements.
The four consolidated financial statements are:
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Balance sheet,
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Net-income statement,
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Cash flow statement, and
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Statement of retained earnings.
The Statement of Shareholder’s Equity is the newest statement that lists changes that occurred the previous year.
The major elements of stockholders’ equity include capital stock, paid-in capital, retained earnings, treasury stock, unrealized loss on long-term investments, and foreign currency translation gains and losses.
Assessment
Shareholders equity sometimes called capital or net worth. It represents money that would be left if a company sold all of its assets and paid off all of its liabilities.
This leftover money belongs to the shareholders or the owners of the hospital, clinic, practice or other healthcare entity.
Conclusion
And so, do you understand and review your financial statements regularly; why or why not?
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Filed under: Investing | Tagged: Health Care Finance |
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