Understanding the general financial status of his or her organization can help the nurse manager to better focus his or her departments efforts to promote the overall organizational goals. Additionally, if the nurse manager wants to become part of the decision-making processes within the organization, it is absolutely necessary for her or him to be able to interpret and analyze information about the financial status of the organization. Identify the key financial statements and describe how they are used within the healthcare organization. Describe the techniques for interpretation and analysis of financial statements, such as cash flow statements, statements of changes in net assets, common ratios and examples of ratio analyses, and the role of notes in financial statements. Examine ratio analysis of financial statements. Explain management reports. Examine the implications of a financial statement analysis for nurse managers.
