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 ca

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.

HCS/385 v7

Financial Resources Worksheet

HCS/385 v7

Page 2 of 2

Financial Terminology Worksheet

Complete Parts 1 and 2 using the provided instructions.

Cite sources to support your answers.

Format citations and references according to APA guidelines.

Part 1: Financial Terms Definitions and Reflection

Complete the Financial Terms Definitions and Reflection Table by doing the following:

· In the space provided in the Financial Term Definition column, define the financial term presented in the Financial Term column.

· Reflect on how you can apply each financial term at work or in your personal life in the space provided in the Financial Term Reflection column.

Financial Terms Definitions and Reflection Table

Financial Term	Financial Term Definition	Financial Term Reflection
Present value (PV)
Future value (FV)
Net present value (NPV)
Internal rate of return (IRR)
Time value of money (TVM)
Breakeven point (BEP)
Financial ratios
Financial statements

Part 2: Questions and Answers

Answer the following 2 questions in the space provided after each question.

1. What is the difference between NPV and IRR?

2. In 50 words or less, reflect on whether the work you completed in this worksheet was useful to you or not. Explain why or why not.

References

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