Omega Health Foundation Financial Evaluation

Running Head: Omega Health Foundation pecuniary evaluation Omega Health Foundation Financial Evaluation Financial aspect of Omega Health Foundation (OHF) The principles of pay and OHFs monetary lieu atomic number 18 very jet to any attractor of the organization and non unless the fiscal police officer or director. This evaluation of OHF pays will explain the financial position of OHF and offer recommendations to strengthen OHFs financial position. accommodate in the evaluation will be an explanation of the principles of finance and how they concern to OHF, a affinity of net incomes and cash flows, a comparison of the market value of an asset and the book value, the addressing of OHFs strengths and weaknesses and recommendations to farther strengthen OHF. Principles of Finance and how They Relate to OHF The principles of finance are an important aspect of OHF. Leaders of every department and not just the financial officer and director should be aware(predi cate) of these principles. These principles let in financial viability, account didactics entity, money measurement, duality, live valuation, accrual accounting, and fixed monetary unit. To be familiar with the 4 major types of statements these accounting principles should be understood.

The phrase generally accept accounting principles is normally used to refer to the rules and requirements that form the readying of the four financial statements. These financial statements are used to assistance in conclusion making (Cleverly & Cameron, 2007). Financial Viability A triple-crown health bid organization (HCO) must be court efficient. The HCO must draw in dollar payments from the community that could include both patie! nts and non-patients in the kernel equal to at to the lowest degree the amount that it pays to its suppliers to be financially viable. To determine this one could see at the financial income statement or balance fag (Cleverly & Cameron, 2007). OHFs balance sheet reflects the 2009 and 2008 totals. In 2009 the total...If you want to pick up a full essay, disposition it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay