A Day in the Life of a Doctor
Storyboard Text
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- 2021 FINANCIAL REPORT - EXCEL
- Uh, Miss Edna the camera's on your side.
- OMG! Hi everyone!
- This is Edna, the hospital accountant and my best friend.
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- 2021 FINANCIAL REPORT - EXCEL
- Ha-ha! As you can see, we both have trouble with cameras. Anyways, we're here because some people want to know how much a hospital earns.
- Oh! Of course! I just think that I look better in that angle.
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- 2021 FINANCIAL REPORT - EXCEL
- Well, that depends on how big is the hospital and how many patients they have per year. Typically between 6–9% of a hospital revenue is profit. Our hospital for example, generates an average of $350M in revenue annually.
- That's a big amount! I understand now why people want to know about it. But tell me, how do you account every single transaction this hospital makes?
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- 2021 FINANCIAL REPORT - EXCEL
- It sure is a big amount, but not every penny of that goes to the owners. They still pay expenses such as salaries and utilities. They also pay for the liabilities the hospital has accumulated over time.
- Edna, I don't think you need to do that, you could just give us a summary.
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- 2021 FINANCIAL REPORT - EXCEL
- As for how I take account of everything, let me take you on a tour of the entire accounting process!
- A summary? Oh that would not be as fun. Come on, I'll show you how it's done.
- Oh that's easy! Here let me give you an example so you'd understand it better.
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- 2021 FINANCIAL REPORT - EXCEL
- Value received? Value parted width? I haven't heard those words ever in my life. I'm sure the audience is going to need a little explanation here Edna.
- First we analyze the data. We determine the values received and value parted with.
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