Basic Financial Calculations
Assignment: Application: Basal Banking Calculations
Before you abstruse algebra, you aboriginal had to apprentice basal addition, subtraction, multiplication, and division. Similarly, afore you can absolutely accept the affairs of a bloom affliction organization, you aboriginal charge to be able to administer basal banking calculations acclimated in about all domains of accounting. A close butt of these accounting concepts will bigger accredit you to confidently accomplish bread-and-butter and ability decisions. In this Assignment, you complete calculations that will accustom you with some of the all-important basal accounting concepts. Based on the advice and banking statements below, account the afterward banking ratios in an Excel Spreadsheet: •Current Arrangement = Total Current Assets / Total Current Liabilities •Days of Banknote on Hand = Banknote / (Total Operating Amount / 365 days) •Age of Accounts Receivable = Accounts Receivable / (Net Patient Service Acquirement / 365) •Age of Physical Plant = Accumulated Abrasion / Abrasion Amount •Debt to Equity Arrangement = [Long Term] Debt / Net Assets •Debt to Assets Arrangement = [Long Term] Debt / Total Assets •Collection Rate = Net Patient Service Acquirement / Gross Patient Service Acquirement •Operating Margin Arrangement = Gain or (Loss) from Operations / Net Patient Service Acquirement Note: For those Assignments in this advance that crave you to accomplish calculations you must: •Use the 'Week 3 Appliance Appointment Template' from your Learning Resources •Show all your calculations and formulas in the spreadsheet A appellation and advertence folio are NOT bare in this assignment. Put your name and appointment at the top of the Excel spreadsheet. For those not adequate with the use of Microsoft Excel, this week’s Optional Resources advance several tutorials. To prepare: •Review the advice in this week’s Learning Resources ambidextrous with ratios and how they are calculated. •View the Week 3 Appliance Appointment Tutorial: Arrangement Calculations, (video) provided in this week’s Learning Resources. •Use the Week 3 Appliance (Scenario) Appointment Template, provided in this week’s Learning Resources, to complete this assignment. •Review the Account of Revenues and Costs in the Week 3 appliance (scenario) appointment template. With the information, account the banking ratios.
Required Readings Baker, J. J., Baker, R. W., & Dworkin, N. R. (2018). Bloom affliction finance: Basal tools for nonfinancial managers (5th ed.). Burlington, MA: Jones and Bartlett Learning. •Chapter 4, “Assets, Liabilities, and Net Worth” (pp. 33-36) In this chapter, you are alien to the acceptation of assets, liabilities, and net worth. You analyze the accord amid the three and how they charge be counterbalanced if an alignment is to be successful. •Chapter 6, “Expenses (Outflows)” (pp. 47-54) The focus of this affiliate is costs and how they alter from costs. It highlights how costs should be appear and how costs can be aggregate for added able planning and control. •Chapter 9, “Understanding Account and Abrasion Concepts” (pp. 81-93) This affiliate examines the accord amid account and the amount of goods. It demonstrates how to account account about-face and artefact depreciation. •Chapter 11, “Reporting as a Tool” (pp. 119-125) This affiliate describes the basal banking letters and how they are acclimated in banking accommodation making. The four key banking statements are the antithesis sheet, the account of revenue, and expense, the account of armamentarium antithesis or net worth, and the account of banknote flows. Zelman, W., McCue, M., & Glick, N. (2009). Banking administration of bloom affliction organizations: An addition to axiological tools, concepts, and applications (3rd ed.). Hoboken, NJ: Jossey-Bass. Retrieved from the Walden Library databases. •Chapter 2, “Health Affliction Banking Statements” (pp. 25–86) This affiliate describes the aggregate four basal banking statements of all organizations. The authors chronicle the basics to business-oriented and non-for-profit bloom organizations. •Chapter 3, “Principles and Practices of Bloom Affliction Accounting” (pp. 87–120) This affiliate explores the accounting practices and attempt of bloom care. The authors detail the rules for recording affairs and the action of recording and developing banking statements. •Chapter 4, “Financial Account Analysis” (pp. 121–186) This affiliate goes into detail about the three types of assay acclimated in banking statements of bloom affliction organizations: accumbent analysis, vertical (common-size) analysis, and arrangement analysis. This affiliate additionally explains the categories of ratios and how to administer them.
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