Financial Statements and their Use

A healthcare organization’s financial statements provide various financial information that key stakeholders (investors, vendors, financial institutions, employees, etc.) use to evaluate an entity’s financial performance. Financial statements are also important to an organization’s managers because by publishing financial statements, management can communicate with interested outside parties about its accomplishment running the organization.

Different financial statements focus on different areas of financial performances.

What are the four basic financial statements and what does each report tell the healthcare manager?

At lease 150 words. Include references