Income-operations and statements of cash flows


Task 1: Download and review the financial statements of Ascension Health, a not-for-profit, religious based healthcare system from:

https://www.ascensionhealth.org/assets/docs/Audited_Financial_Statements_For_the_Year_Ended_June_30_2010.pdf.

Task 2: Download and review the financial statements of HCA, Inc., a for-profit healthcare system from:

https://media.corporate-ir.net/media_files/irol/63/63489/pdfs/05AnnualReport.pdf (pages 321 to 57).

Review the companies' Balance Sheets, Statements of Income/Operations, and Statements of Cash Flows. Identify and describe five similarities and five differences between the two companies' financial statements.

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Accounting Basics: Income-operations and statements of cash flows
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