Posted: May 5th, 2016

Prepare a statement of operations for 2013 in good form?

1. View the list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets at the beginning of the year are unrestricted.)

2. View the list of accounts for Currie Hospital for December 2013 (annual amounts). Prepare a statement of operations for 2013 in good form.

Remember that plant, property and equipment are not current assets on the balance sheet. Also, of note is that you must adjust for the transfer of the parent corporation after you have calculated the operating income to arrive at the unrestricted net assets.
You have an accounting intern on staff and have been asked to explain to her the following:
2-3 methods by which the governing bodies communicate the standards, requirements, and guidelines for the accounting profession
At least 1 method must include some form of computer technology.
At least 2 ways in which accounting software can help implement financial reporting requirements