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In: Accounting

You are the financial manager of Craig Pediatrics Center and you have a meeting with the...

You are the financial manager of Craig Pediatrics Center and you have a meeting with the Board of Directors in a month. You need to create a financial analysis of the organization. You have been asked to create a financial analysis of the organization. You have been asked to compare Craig Pediatrics to other pediatric healthcare organizations in the area to create a trend comparison.  

Copy the questions below onto your assignment and provide your responses to the following four questions:

What must you do to complete a financial analysis?

What information do you need for both horizontal and vertical analysis?

What sources can you use for comparison?

What kind of decisions can be made regarding this information?

Solutions

Expert Solution

Answer)

I must do to horizontal analysis for seeing the trends of past years,Veritcal analysis for seeing what expenses are needed to be reduced,what incomes are crucial for organization etc and ration analysis for finding the solvency,liquidity and profitability position .

For performing the horizontal and vertical analysis I need reliable financial statements which are audited.If not audited I would somewhat better if management give assurance that such financial statements are true up to their knowledge.

We can use many sources for comparision like bank statements which is external sources to get actualities of expenses and incomes and comparing them with previous years or even the the financial statements of competitors if any available for evaluation of our position and so on which are external sources and department results,financial statements given and so on are internal sources.

There are many decision like portfolio analysis,the competitive moves,raising capital and so on.

ekkarill92 answered 2 years ago
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