Financial statements are well valued to the healthcare industry used for making economic related decisions (Cleverley, Cleverley, & Song, 2012). The four types of financial statements normally used are the balance sheet, statement of operations, statement of changes in net assets, and statement of cash flows. I believe the most important financial statement in the healthcare industry would be the statement of operations. This statement is commonly referred to as the income statement or statement of revenues and expenses. I recognize this to be important to the healthcare industry because it shows whether a company’s revenue exceeds their expenses. This information can be useful from a managerial and external standpoint. External creditors