Imagine that you are the new CFO leading a conference call with hospital leaders to deal with a crisis. Recently, your hospital, community, and state have dealt with the COVID-19 pandemic and you need to assure the team that you have developed a risk management plan to deal with this or a similar crisis in the future. You will need to explain financial statement analysis, financial reporting requirements, and the use of financial information so the team understands where the financial crisis will impact the business’s bottom line and the need to have strong liquid assets. You should explain measures such as managing cash tightly and draw on all sources, including taking on additional debt, delaying payables, and discussing early payments with payers and governments. Identify immediate operational actions to reduce costs, rent, utilities, insurance, legal fees, and certain salaries to reduce operating expenses. Instructions In this assignment, you will record an audio conference call at least 5 minutes in length. Topics to include in the call include: A description of the financial challenges facing the hospital in the midst of the COVID-19 (or similar) crisis. An explanation of financial statement analysis, financial reporting requirements, and use of financial information so the team understands where the financial crisis will impact the business’s bottom line. An explanation of measures such as managing cash tightly and draw on all sources, including taking on additional debt, delaying payables, and discussing early payments with payers and governments. Identify immediate operational actions to reduce costs, rent, utilities, insurance, legal fees, and certain salaries to reduce operating expenses. Options to record include (but are not limited to) your computer (PC or Mac), Screencastify, which is a free add-on to Chrome, Zoom, or using an app of your choice on a smartphone or tablet. Submit your recording link or file to the Dropbox along with your APA formatted references you used to support your oral presentation. Requirements Recording: Describes the financial challenges faced by a hospital amid the COVID-19 (or similar) crisis. Explains financial statement analysis, financial reporting requirements, and use of financial information so the team understands where the financial crisis will impact the bottom line of the business. Explains measures such as managing cash tightly and draws on all sources, including taking on additional debt, delaying payables, and discussing early payments with payers and governments. Identifies immediate operational actions to reduce costs, rent, utilities, insurance, legal fees, and certain salaries to reduce operating expenses.
Mastering the Art of Online Learning: Your Guide to Acing Online Courses
Introduction
In recent years, the popularity of online courses has skyrocketed, offering learners the flexibility to acquire new skills and knowledge from the comfort of their homes. However, succeeding in online courses requires a different approach compared to traditional classroom settings. To help you make the most of your online learning experience, this article presents essential strategies and tips to ace your online courses.
1. Set Clear Goals and Plan Ahead
Before embarking on an online course, establish clear goals and objectives. Determine what you hope to achieve by the end of the course and break down your goals into manageable milestones. Create a study schedule that aligns with your other commitments, ensuring you allocate dedicated time for coursework, assignments, and revision.
2. Create a Productive Study Environment
Establishing a conducive study environment is crucial for online learning success. Find a quiet, well-lit space where you can concentrate without distractions. Remove any potential interruptions, such as notifications from social media or email. Organize your study materials and have a reliable internet connection to ensure seamless access to course materials.
3. Actively Engage in the Course
Active participation is key to mastering online courses. Engage with course materials, including videos, readings, and interactive components. Take comprehensive notes, highlighting key concepts and ideas. Participate in discussion boards, forums, and virtual meetings to interact with instructors and peers, fostering a sense of community and enhancing your understanding of the subject matter.
4. Manage Your Time Effectively
Online courses offer flexibility, but it’s essential to manage your time wisely to avoid falling behind. Create a detailed schedule, allocating specific time slots for coursework, assignments, and studying. Break down larger tasks into smaller, manageable segments to prevent procrastination. Prioritize tasks based on deadlines and dedicate focused time to each one, ensuring consistent progress throughout the course.
5. Develop Effective Communication Skills
Online courses often rely on written communication, making it crucial to hone your skills in this area. Be concise and clear in your written responses, paying attention to grammar and spelling. Actively participate in discussions, asking thoughtful questions and providing constructive feedback to your peers. Regularly check your course emails and notifications, ensuring you stay updated with any important announcements or changes.
6. Utilize Available Resources
Take full advantage of the resources provided by your online course platform and instructors. Familiarize yourself with the learning management system (LMS) and explore its features. Access supplementary materials, such as textbooks, lecture slides, and external resources recommended by instructors. Utilize online libraries, research databases, and tutorial services to deepen your understanding of the subject matter.
7. Stay Motivated and Engaged
Maintaining motivation throughout an online course can be challenging, particularly when faced with competing priorities or a lack of face-to-face interaction. Set short-term goals and reward yourself upon their completion. Connect with fellow learners through virtual study groups or online forums to foster a sense of camaraderie. Regularly remind yourself of the benefits and personal growth associated with completing the course successfully.
8. Seek Support and Clarification
Don’t hesitate to seek support or clarification when needed. Reach out to your instructors for guidance or clarification on course material. Utilize online discussion forums to ask questions or engage in collaborative problem-solving. Leverage the support services provided by your course platform or institution, such as technical support or academic advising.
Conclusion
Online courses present unique opportunities for self-paced learning and personal growth. By setting clear goals, creating a productive study environment, actively engaging with course materials, and managing your time effectively, you can maximize your chances of acing online courses. Remember to stay motivated, seek support when needed, and make the most of the available resources. Embrace the flexibility and adaptability of online learning to achieve your educational goals.
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