Week 10

Hey guys!! My final week with the finance and accounting crew at Banner Medical Group's Mesa Corporate office was both bitter and sweet. Although it was awesome and fulfilling to finish my senior project, I will definitely miss working with Mr. Chad Cornell. I learned so much from him and because of my time there I will definitely pursue finance for my career. The last day I spent there I went over all of the key medical finance concepts I had learned this spring with him and wrote my own proforma. A profroma is essrlentislly a financial statement detailing the costs and benefits of making a purchase. In this case it was on the hiring of a new orthopedic surgeon. Financial statements that utilize the pro forma method of calculation are often designed to draw focus to specific figures when an earnings announcement is issued by a company and made available to the public, particularly potential investors. These pro forma statements may also be designed to indicate a change proposed by a company, such as an acquisition or a merger. Investors should be aware a company’s pro forma financial statements may hold figures or calculations that are not in compliance with generally accepted accounting principles. In some instances, pro forma figures are vastly different than those generated with GAAP. We finished our day with an office pizza party!!