User Account

All Pages

Discuss decision-making processes in creating a budget

Assignment Help Operation Management
Reference no: EM132196416

Benchmark Assignment.

Assignment Content.

Part 1:

2010 Operating Budget.

Review the 2009 Budget Issues - Nurses file.

Decide which of the two highlighted options you will implement from the Nursing Statistics memo of the 2009 Budget Issues - Nurses document.

Discuss decision-making processes in creating a budget.

Create a new 2010 Operating Budget based on the labor decision you select from the Nursing Statistics memo.

Part 2: Analysis Paper

Write a 1,050- to 1,400-word paper. Your paper should:

• Discuss decision-making processes in creating a budget.

• Explain the role of variance analysis in maintaining an operating budget.

• Differentiate between managerial accounting and financial management.

• Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.

• Discuss the decision between the two labor alternatives facing the management of PFCH and the annual cost increase of each.

• Make a recommendation about which labor alternative should be chosen.

• Justify and analyze the labor decision that you recommend. Your justification should present numbers related to fiscal management including how each decision affects the 2010 Budget Projection.

• Analyze the effect of your decision on the operating budget, including:

- The opportunity cost of your recommendation.

- How your recommendation affects employee satisfaction.

- How your recommendation affects patient care and patient satisfaction.

Cite a minimum of 4 sources.

Format your sources according to APA guidelines.

Reference no: EM132196416

Questions Cloud

How would you describe the culture of this organization : BMGT 365 : How would you describe the culture of this organization? How do you help new employees understand the culture of your organization?
Why do you think this behaviorist approach is best : Post your response to the topic below with at least 300 words in the Discussion Area by the due date assigned. Cite information from at least one academic.
Establish a strategic partnership with a global third-party : The proposal should provide business case analyses for the sourcing, manufacturing, and global omni-channel distribution network.
Leading Change When Business is Good by Paul Hemp : Leading Change When Business is Good by Paul Hemp and Thomas Stewart.
Discuss decision-making processes in creating a budget : Decide which of the two highlighted options you will implement from the Nursing Statistics memo of the 2009 Budget Issues - Nurses document.
Poverty as diversity concern : Given equal education and opportunity, why is it easier for Whites in the United States to escape poverty and discrimination than it is for people of color?
Method to organize your growing linkedin network list : Decide on a method to organize your growing Linkedin network list. You can use whatever medium that works best for you.
Explain the problem-solving process : In a 2-page memo to your employees, provide the problem-solving process to solve this problem and justify why this is the best approach.
You perform internet search on acquisition strategy : When you perform an internet search on “acquisition strategy”, you will access some sites addressing corporate mergers and acquisitions.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd