Financial Statement report Essay Example | Topics and Well Written Essays - 1500 words

Financial Statement report - Essay Example The users of financial statements are the various stakeholders of a company that are concerned with the company's performance, progress and position during a financial year. The financial statements should provide useful information to the relevant users and stakeholders of the company with respect to their specific needs. The main users of financial statements and their needs are discussed below: This is the most important group interested in the financial performance, financial position, financial adaptability, cash generation and cash flow status of the company. The shareholders and investors invest their money into the company and need the information from financial statements to asses the company's performance in terms of managing and utilizing their investments and generating profit out of it. The lenders and creditors of a company are interested in the company's position in terms of liquidity and solvency. The financial statements of a company should provide relevant information to its various lenders and creditors so as to enable them to analyze the company's ability to pay its short and long-term liabilities and obligations. The regulatory authorities and government agencies are concerned with the full and clear disclosure of information in the company's financial statements. The government ensures that the company prepares the financial statements in the light of relevant rules and regulations. ... The disclosure of relevant information can strengthen the customer trust in the company. General Public and Analysts General public and analysts could be considered as the company's prospective investors or they may approach the company's financial statements to provide the information regarding the company's investment and profitability potential to the investors. They are concerned with the company's financial position and performance to analyze the future prospects of the company. INTERNAL USERS Management The company's management is also among the major users of financial statements. They need to draw useful information from the financial statements in order to realize the company's revenues and their share in the company's profitability. Apart from that, they also need information from financial statements to analyze the result of their performance throughout the year and make provisions regarding the future. Employees The employees are also the internal users of the company's financial statements. They are the one contributing their efforts in the company's performance and profitability. They need information from financial statements to evaluate how the company is compensating them for their efforts as compared to its overall profitability. NECESSARY QUALITIES FOR FINANCIAL STATEMENTS The financial statements should contain the following qualities so as to provide maximum useful information to the various stakeholders of the company: Understandability The financial statements should be readable and understandable for all its targeted users. All the information and disclosures included in the financial statements should be well-presented to help the

Innovative nursing care delivery model Term Paper

Innovative nursing care delivery model - Term Paper Example Nurses form a critical part of this model because they have immense knowledge on patient evaluation and education just to mention a few. The model aims at avoiding complications such as phantasm, which is commonly caused by hospital admission of the elderly patients. Joynt and Kimball (2008) describe ACO as a collaboration that involves various parties including primary care clinicians, the hospital, and other healthcare professionals. These parties work jointly with an aim of not only ensuring quality service delivery, but also reducing the high costs of care provided to patients. Upon ACO’s success, all providers are offered to keep part of the saving contributed by the organization. The ACO model exposes nurses and clinical officers to leadership skills. Through this, health employees are able to take the mantle of organizational leadership especially in providing care in underserved areas. Retail clinics, also referred to as nurse-managed health clinics (NMHCs), are created with the aim of offering holistic primary care services and quality services to particular populations such as those deemed underserved or vulnerable. Debra (2013) posits that retail health centre are an important avenue where healthcare can be offered as per the model. The model as pursued by the federal government depict the above model. According to Debra (2013), retail clinics are, usually, associated with schools, federally qualified health center and social service agencies. Retail health centre bring health care close to people and ensure that services are affordable and of high quality. Through retail health centre patients save a lot of their finances used in emergency room care. Involvement of nurses in these clinics helps in not only containing costs but also optimizes patient outcomes. This is an innovative Care Delivery Model, which makes use of technology in monitoring patients with chronic illness. Usually, data goes back to the