Financial information

Financial information

Read Assignment 3 in Chapter 1 and in 300-350 words, answer the following questions:
What financial information should be routinely provided to board members?
Do you think it’s important for board members in health care organizations to have basic accounting or financial background? Why or why not?

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It is imperative to note that the financial information provided to the board members ought to serve two major purposes. The information should evaluate financial condition of the organization and to allow the members to assess the operational efficiency of the health care facility. This means that the financial information presented to the board members should entail the profitability, liquidity and asset activity of the organization. This is crucial in evaluating the financial condition or performance of the organization. It is important to indicate that the board can request more detailed financial information in case……………

APA

340 Words