Question

Briefly discuss your reaction to the numerous financial terms and the complexity of reporting required in health care. What would your level of comfort be in a discussion with a CFO regarding the key measurements used by organizations to track financial performance?

Answer 1

Financial Performance refer to the act of performing financial activity. In broader sense , financial performance refer to the degree to which financial objectives being or has been accomplished. It is the process of measuring the results of firm's policies and operations in monetary terms

The term is also used as a general measure of a firm's overall finencial health over a given period of time, and can be used to compare similar firms across the same industry or to compare industries or sectors in aggregation.

•) 5 Financial key performance indicators to gauge your business Health -

1. Gross profit margin

2. Net profit

3. Net profit margin

4. Aging accounts receivable

5. Current ratio

• what is financial performane evaluation -

Financial statement analysis is the most objective way to evaluate the financial performance of a company. Financial analysis involves assessing the leverage, profitability, operational efficiency and solvency for a company.

•) what is the statement of financial performance -

An income statement is a financial statement that reports a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs. Its revenues and expenses through both operating and non-operating activities.

•) Business performance mean -

Business performance management is a set of performance management and analytic processes that enables the management of an organization's performance to achieve one or more pre-selected goals