Premium Essay

Stimulation

In: Business and Management

Submitted By jekmickkey
Words 1158
Pages 5
Jessica Knott
Simulation Review Paper
June 09, 2011
Diana Schilling
UOP

Simulation Paper Review In life we have to make decision short term and long term decisions. Ever decision you make in life will always affect your future and can affect your well being. This is the same view that you can look at when dealing with financial situation which it is personal use, business, or organization. The decision that we make financially can be economic decisions and not always have to be personal in nature. When making decision for a company or organization you have to sometimes be transparent and look from every view and aspect, because this decision is not only going to affect you it can affect a small or large group of people and even a community just depending on what type of business and services are being offered. In this stimulation review paper I will be review the Cardiac’s Care Hospital’s financial accounting account. The hospital is experiencing some difficulties with accounting matters, capital shortage, capital expansion and funding options. During this review we will discuss some of there methods of accounting and see if it is some ideas or other tools that can be used to help them to better there financial issues. Capital shortage is a huge factor when running any type of business. Capital is the amount of current assets minus the amount of current liability as of a specific date. These amounts are obtained from the company’s balance sheet reports that. To give you a better understanding so that they hospital balance sheet is reporting that the current assets of $500.000 and current liability is $320.000 then the hospital working capital would only be $180.000. But even with a significant amount of working capital, a company can experience capital shortage if its current assets are not turning to cash. Say for instant that the hospital see patients...

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