Financial Management of Healthcare Organizations Coursework

Financial Management of Healthcare Organizations - Coursework Example The auditing criteria which we applied in the analysis were in accordance with the U.S generally acceptable auditing standards. According to the regulations, we are required to undertake the audit process so that assurance is provided to the company that no sign of material misstatement was exhibited in their financial statements. The audit considered assessment of accounting principles, the presentation of statements and the supporting evidences for the amount and disclosures as provided by the financial statements of the organization. Being a respected institution in the field, our opinion would be an asset for future financial management plan. Under this section the analysis would show an evaluation of the general financial profile of the organization. The interpretation of the HCF data would be captured which will summarize the figures as extracted from the combined financial statements of cash flow, balance sheet, equity statement and income statement as was prior prepared by the organization. According to figures as was posted in the balance sheet, total asset for the year 2003 was $238,365. This increased to $265,784 in 2004; $276,975 in 2005; $287,983 in 2006 and $311,140 thousand in the year 2007. Basically, the combined total resource between 2003 and 2007 experienced an increment of $72,775 thousand dollars which is an equivalent of 30.53 percent. Referring to the combined liability values, the company reported $39,458 thousands dollar of total liabilities in 2003; $51313 thousands in 2004; 44960 thousands in 2005; $41,277 in 2006 and $45,432 thousands in 2007. There was a general increase in the combined liabilities with the financial year 2003 and year 2004 reporting the highest percentage increment of 30.04 percent. The overall change in total liabilities within the period of analysis however, was slightly lower because the value declined in 2007 to ($5974 thousands) which is an

Curtis Keim's Mistaking Africa Essay Example | Topics and Well Written Essays - 1250 words

Curtis Keim's Mistaking Africa - Essay Example The west has propagated many myths and misconceptions about Africa over the years. Though some of these myths are negative and untrue, they have been strongly held and believed as true. These misconceptions are passed tot eh kinds from their young age. The media has not helped put things in perspective as they often portray an exaggerated dark side (Curtis 57). Many students and graduates as well have no idea that Africa is a continent consisting of 54 independent nations and not a single country. In fact, all countries in Africa consist of many ethnic groups, use different currencies, and have unique national flags and varying political systems among many other differences. Social economic circumstances are different in each country, with different regions having different economic activities and social processes. The difference is so huge that English and French are the major languages through which people from different regions can communicate to one another. News on leading telev ision channels often portrays Africa as chaotic, violent and dangerous. Scenes of child soldiers, pirates and kidnappers in the Indian Ocean, civil wars and massacres strongly reinforce the myth that Africa is indeed a dangerous place. What the media denies its audience is the calm and peaceful side of Africa. Rarely will countries like Ghana, Tanzania or Malawi, which are peaceful, feature on television. Whenever there is coverage on the continent, it will most likely be about civil war in Sudan, Somali pirates, the famous Rwanda genocide, post election violence in Kenya and Ivory Coast, revolution in North Africa and severe droughts in the horn of Africa. All these paint a picture of violence and great danger in the continent, a factor that contributes to entrenching of this myth from generation to generation. For a long time, nongovernmental organizations, faith based organizations and government agencies have engaged in mobilising resources to fund development projects, respond to emergencies and fight diseases and ignorance in Africa. This translates to a misconception that Africa is poor and diseases ridden. Whereas poverty is commonplace in Africa, the continent is not all poor. A closer look reveals that wealth distribution is the key problem. For instance, South Africa has a bigger GDP than some western countries, with many natural resources, good education and health care systems, organised business districts and ultramodern infrastructure. Unfortunately, poor sections of the society cannot access these facilities and are condemned to deplorable conditions in slum areas. In respect to diseases, poor sections across the continent bear the blunt of serious diseases like HIV/AIDS, tuberculosis, polio and malaria, since they cannot access primary health care. Similarly, many poor children only attain primary education, which is cheap, often lacking finances to proceed to high school and collages. Election periods are very chaotic in many countries across Africa. Corruption across many African countries is responsible for keeping some old guards in power for as long as they wish. However, many countries including South Africa, Zambia and Ghana among others have exercised democracy to the latter. Western and Asian countries with economic interests in countries with weak constitutions have in the past championed for status quo in order to retain tyrants who protect their interest. Audit reports indicate that high-level corruption in international agencies and nongovernmental organizations in Africa has deep involvement of the administrators of such funds, who are mostly western. This indicates that corruption is not just an African affair, but has a back up from many western societies. Both high school and