- 20 Marks
PSAF – L2 – Q13.2 – Financial Statements Discussion and Analysis
Explain the relevance of financial statement discussion and analysis for a public healthcare facility.
Question
The management of a Central Healthcare Facility demands that the Director of Finance should ensure that the financial statements of the entity are laid before the oversight board together with financial statement discussion and analysis. However, some members of the board question the relevance of the request.
Required:
(a) As the Director of Finance, explain the relevance of the request to the healthcare facility.
(b) Discuss the five limitations of financial statement discussion and analysis.
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