FE005
Financial Health and Nurse Entrepreneurs
Part I. Financial Statement Analysis
• Open your Healthcare Budget Request workbook and navigate to the “Financial Statement Analysis” worksheet.
• Using the Healthcare Budget Request Workbook Step-by-Step Guide for guidance, review the section titled “FE005: Financial Statement Analysis and Elevator Speech” and then, complete the section titled: “FE005 Assessment: Financial Statement Analysis and Elevator Speech”.
• Conduct analyses as directed on either your organization’s financial statements or those provided in the xlsx file. Your analysis will include spreadsheet calculation of financial statement ratios.
Part 2. Summary of Analysis and Interpretation of Results
Using the Healthcare Budget Request Template, create a brief (1- to 2-page) descriiption of your analyses. Be sure to address the following in your summary:
• Describe the results of each statement analysis. What do the results of each analysis mean?
• What does your complete financial statement analysis suggest about the financial health of the organization?
• If using your current organization’s data, does your analysis help describe any observed organizational behaviors or actions? Explain.
• What assumptions have you made in your analyses?
• From an entrepreneurial perspective, what implications do these analyses have for your proposed healthcare product or service?
Once you submit your responses, assess yourself using the rubric provided. Use your Pre-Assessment submission and any feedback you may garner to improve and refine your responses.