Resources:\u00a0Budgets under Chief Financial Officer in the Patton-Fuller Community Hospital Virtual Organization, the Health Care Budget assignment from Week Five, and the Health Care Business Analysis Grading Criteria located on your student website\tProvide\u00a0your Week Five Health Care Budget assignment to your Learning Team.\tChoose\u00a0which team member’s budget assignment you will use as a starting point.\tReview\u00a0the 2009 Budget Issues – Nurses in the Patton-Fuller Community Hospital Virtual Organization.\u00a0 This can be found on the Chief Financial Officer’s web page under Special Projects.\tDecide\u00a0which of the two highlighted options on the Nursing Statistics memo of the 2009 Budget Issues “\ufffd Nurses you will implement.\tDiscuss, as a team, the decision-making process in creating a budget.\tCreate\u00a0a new 2010 Operating Budget Projection based on your labor decision from the Nursing Statistics memo.\tCreate\u00a0a 15- to 20-slide Microsoft\u00ae\u00a0PowerPoint\u00ae\u00a0presentation with detailed speaker notes in which you do the following:\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Present your 2010 Operating Budget Projection. Include an introduction in which you do the following:\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Differentiate between managerial accounting and financial management.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Justify your decision. Include numbers from the organization to support your analysis, such as numbers related to accounting principals, fiscal management, the balance sheet, and so on.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Analyze the effect of your decision on the operating budget.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 What is the opportunity cost of your decision?\t\u00b7 \ufffd\u00a0\u00a0\u00a0 How does budget performance affect patient care and employee satisfaction?\t\u00b7 \ufffd\u00a0\u00a0\u00a0 How are finance and accounting related to an operating budget?\tExplain the role of cost measurement in maintaining the operating and capital budgets via variance analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"
Resources:\u00a0Budgets under Chief Financial Officer in the Patton-Fuller Community Hospital Virtual Organization, the Health Care Budget assignment from Week Five, and the Health Care Business Analysis Grading Criteria located on your student website Provide\u00a0your Week Five Health Care Budget assignment Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-217900","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/217900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=217900"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/217900\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=217900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=217900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=217900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}