Reading and Interpreting Statements
Successful healthcare leaders and board members need to understand and closely manage the organizations’ financials. In this course consisting of 4 modules, the viewer will learn the different types of Financial Statements and understand how to read and interpret them to measure the results of the organizations’ business activities.
Course Overview
Presenter: Gerald J. Archibald, CPA
The Bonadio Group
The course consists of 4 modules
Module 1 - Introduction and Cashflow Statements
Understanding the cash flow statement will help you understand the impact of the organizations operating, investing, and financial activities on cash flow.
Time to view this module is 26 minutes.
Module 2 - Balance Sheets
Module 2 will help the viewer understand the importance of the balance sheet as a snapshot of the investing and finance activities of the organization as of a moment in time.
Time to view this module is 14 minutes.
Module 3 – Statements of Activities
Module 3 will help the viewer understand the organization’s revenues and expenses for a period of time and the changes to the organization’s net assets.
Time to view this module is 12 minutes.
Module 4 – Statements of Functional Expenses
Module 4 will help the viewer understand how to review the organization’s expenses by their function and type of expense.
Time to view this module is 9 minutes.
Course Learning Objectives
At the conclusion of all 4 modules the learner will be able to:
- Describe the purpose and meaning of financial statements
- Understand the basic economic and operating factors that influence the financial success of a business
- Understand the key concepts necessary to interpret financial statements
- Articulate the key questions necessary to gain an understanding of financial statements
Time to complete this course is approximately 122 minutes.
Presenter: Gerald J. Archibald, CPA, FHFMA, CMCP
Jerry is the partner in charge of the Healthcare/Tax-Exempt Central Division of The Bonadio Group. He began his career with Arthur Andersen & Co., where he spent 12 years before joining The Bonadio Group in 1986.
Jerry has over thirty five years of experience in providing business advisory, assurance, compliance, and consulting services to healthcare, tax-exempt, and government clients. He has provided services to more than 300 tax-exempt, municipal, and healthcare organizations in his career.
Jerry is certified as a Fellow in the Healthcare Financial Management Association and as a Certified Managed Care Professional. His expertise in the health and human service industries has provided him with a unique perspective of all aspects of health and human service delivery systems. He has been involved extensively in health and human service client engagements, which involve the evaluation, assessment, and implementation of operating improvements. A unique aspect of Jerry’s experience allows him to provide ongoing consulting and support services to organizations both during and after implementation of strategies and recommendations. His work does not end with the design and implementation phase.
Jerry has written a monthly column on non-profit management strategies for the Rochester Business Journal for the past fifteen years and the Central New York Business Journal for the past three years. He is currently the editor of the Thomson Reuters publications entitled Nonprofit Controller’s Manual and Corporate Controller’s Manual.
Jerry received his BS degree in accounting from St. John Fisher College in 1974. He is a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants, and the Healthcare Financial Management Association, of which he was a past president. He has served and continues to serve his community as an Honorary Board member of the School of Holy Childhood, Board Chair of the Mary Cariola Children’s Center, Advancement Committee of Bishop Kearney High School, and Allocations Committee and Agency Staff Training Committee of the United Way.
Development Organization: The Bonadio Group
Big Firm Capability. Small Firm Personality.
The Bonadio Group is comprised of a set of different companies, alliances and strategic partnerships that taken as a whole, delivers over fifty different services.
Complementing this structure is the diverse spectrum of law firms, banks, government officials and programs, regulators, insurers, venture capitalists, & MORE that we have built over the years into one of the area’s largest referral networks.
In effect, if you have a financial need, issue or problem—whether you’re a commercial company, a not-for-profit, or an individual—yes, we can help through our association, our affiliations, or through any one or combination of the Bonadio family of companies, described below.