Effective financial management is dependent upon a trustworthy budgeting system. Discuss budget in nursing under the following headings: (Provide practical examples)
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Effective
Discuss budget in nursing under the following headings: (Provide practical examples)
1.1 Operational budget
1.2 Budgeting process on estimation of future supply needs
1.3 Budgeting process on estimation of staffing needs
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- The financial management is concerned with Select one: a. Reduce profit O b. Increase cost O c. None of the options d. Increase performance e. Optimum utilization of resourcesChapter 15 Explain the four common uses of comparisons that the manager will find helpful. Chapter 16 Explain the importance of assumptions when building a budget? Chapter 17 Explain the rationale for replacing existing equipment with new equipment.Contrast the disadvantages of top down budgeting and bottom - up budgeting.
- Explain how planning for operational auditing is similar to anddifferent from financial auditing1. In the studies we have seen Budgeting can be used as a control mechanism in Management. In your views, how can this used a a control mechanism. you may include examples to explain your answers. 2. Budgeting can be an important tool if implemented properly. Identify several positive results when budgets are used properly. Since budgets affect people, identify several negative aspects if budgets are not implemented properly. 3. Super Chicken operates a chain of takeaway chicken shops . The company is operating in a very competitive market , and it is difficult to gain and maintain market share . Management believes it is important to monitor competitors ' actions closely , and to continue to offer new products and special promotions to create high visibility among customers . The management team has recently reviewed its mission which is : - To be a caring and environmentally responsible company , providing fresh and nutritious meals at an affordable price . Required : Consider the…An analyst has collected the following information regarding Gilligan Grocers: Earnings before interest and taxes (EBIT) = $700 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) = $850 million. Interest expense = $200 million. The corporate tax rate is 40 percent. Depreciation is the company’s only non-cash expense or revenue.What is the company’s net cash flow?
- Solve this please Gemilang Bumi Bhd. It is in the early stages of planning for next year's annual budget. Alex recently joined the company as a business accountant and is interested in learning as much about the budgeting process of the organisation as possible. Alex introduced the following discussion after the latest meeting with the Sales Manager, who is Rock and Raju as Production Manager. Alex: Because I'm new here and I'm going to be involved in the yearly budget planning. I would like to know how the two of you predict the revenue and production figures. Rock: By looking at modern history, we start out very methodically, analysing what we know about existing accounts, future consumers, and the overall state of consumer spending. Then we apply the normal dosage of insight to generate the best guess we can make. Raju: I generally take the estimates for revenue as the foundation for my projections. Of course, we have to guess what the final inventories for this year are going to…Imagine your local city council has asked the New York City Department to provide the budget summary at the next town hall. The city council wants to understand how your budget is developed and managed. Write a 700- to 1,050-word summary explaining the agency’s budget strategies and policies and how the agency’s governing policies determine budget administration. Include the following details in your summary: Governing Policies: Governing policies help an organization develop and implement procedures or policies that result in efficient, consistent operations. Summarize the published mission of the agency. Summarize 1–2 governing policies related to the agency’s mission. Explain how the policy/policies support the agency’s mission. Strategic Plan: Organizations use strategic plans to define present and future vision, goals, and objectives. Summarize 2–3 primary goals and objectives outlined in the agency’s strategic plan. Explain how the goals and objectives align with the…operation managment Hi class, I had to do a bit of research to learn about what these two types of budgets are. I found that zero based budgeting gets its name because it assumes that the budget is build from zero. Or, nothing is carried over from previous years/periods. A benefit of this, is that it forces the team to carefully examine each expense added to the budget, since nothing is carried over from before. Incremental budgeting is very different as it does take into account previous periods to build budgets. By using the previous budget as a base, and making adjustments as needed, it allows for a fluid, "forward-looking budget", as the article put it. Thanks for reading, Angel M. Please respond to this classmates post.
- Please do not give solution in image format thanku Pick three important roles you play in your life (for example, student, parent, intern, the role you play at your job, etc.). What are your top priorities for each role regarding the impact you want to make? Identify which quadrant in the Time Management Matrix they fit into.Please no written by hand solutions What are the various ways of measuring the performance of an organization so that it can be tied to budget allocation?As a Tactical Accounts Manager, errors in the allocation of deductions to policy premiums are a serious concern that could have far-reaching consequences for the department and the company as a whole. There could be a number of reasons why deductions are too small. One reason could be that employees are unaware of the true cost of their insurance premiums and thus fail to deduct the appropriate amount from their pay. This could be due to a lack of communication or education about the true cost of insurance, or to changes in premium amounts that are not effectively communicated to employees. Errors in deduction allocation can have a significant impact on the department and the company as a whole. It can result in client complaints, decreased customer satisfaction, and, ultimately, lost revenue. It can also result in higher administrative costs as employees work to correct errors and resolve client complaints. Information Technology Manager - Nadiya Bryan: A claim's insurance…