Financial analysis Essay Example | Topics and Well Written Essays - 2000 words

Financial analysis - Essay Example Financial Statement abridgment 1.1 Strategic Plan overview The Ann Arbor VA focuses on the provision of healthcare services to the veterans of US (Strategic Plan, p.11). The mission statement of Ann Arbor VA is as follows To care for him who shall have borne the battle, and for his widow, and his deprive (Affairs 2013). It is made clear that the organizations role within its industry is unique. ... families, a practice that indicates the recognition for the veterans contribution in the former of the country as a member of the international community (Strategic Plan, p.5). One of the key challenges that Ann Arbor VA has to face is the continuous change in its operating milieu (Strategic Plan, p.12). The number of US veterans involved in military operations worldwide is continuously increased (Strategic Plan, p.12). Therefore, the demands for healthcare services from Ann Arbor VA tend also to increase, some(prenominal) as of their volume and as o f their complexity (Strategic Plan, p.12). Through the years, the organization has managed to secure its effectiveness by employing a series of carefully designed plans and appropriate budgetary techniques, as explained below. The analysis of the financial ratios related to the organizations slaying also verifies the organizations success in achieving its goals and objectives of course, concerns in relation to the performance of certain organizational departments have not been avoided. 1.2 Financial Statement Analysis In order to evaluate the financial statements of an organization it is necessary to retrieve entropy related at least to two economic (concurrent) years of the particular organization, so that a comparison is feasible (Mohana 2011). Such comparison would also stand by to identify the firms weaknesses, in regard to its various operations (Gibson 2011). In addition, it is necessary to have access to different financial statements of the organization on a lower floor examination focusing only on Balance Sheet or other financial statement could lead to invalid assumptions regarding the organizations genuine financial performance (Bragg 2012). It should be noted that the financial analysis for Ann Arbor VA is based