Regardless of where your health care career takes you, finance is an important part of the health care system. Finance might not be your professional calling, though it is important you have a working knowledge of the terminology and tools of finance and the stakeholders in the health care industry.
Preparation
Access the Week 1 Learning Activities folder, locate the following activities, and watch the indicated LinkedIn Learning sections about financial terminology and calculations in Microsoft Excel. These videos will be helpful for understanding this assignment.
Determining Values and Rates of Return, Selected Videos
Project Selection in Excel, Selected Videos
Calculate a Company’s Breakeven Point
Financial Ratios and Determining the Unpaid Inventory of Walmart
Financial Statements: Balance Sheet for Walmart
Assignment Deliverable
Access and complete the Financial Terminology Worksheet using the prompts provided in it.
Note: Because this worksheet introduces you to terminology used throughout the course, consider saving it for future reference.