Stacey McDade HCA-240 04-17-2016 What is your role as an administrator in creating an operation budget? *The role of a hospital administer for a non profit level 1 trauma center is to plan and monitor day to day activities, personnel and supplies. This process of planning a budget typically is written out for a one year time frame. The administrator needs to assess revenue and expenses as well. For this hospital the administrator would need to make sure the time a patient is occupying a bed. Every
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Hit Us Email for Any Inquiry at: Homeworkfy@gmail.com Visit our Site for More Tutorials: (http://homeworkfy.com/ ) Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: As of December 31, (the end of the prior quarter), the company’s general ledger showed the following account balances: Cash $48,000 (debit) Accounts receivable $224,000
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owners of the innovative Learning Center daycare facility. With a large number of female workers and family men, the twenty-four hour daycare was intended to reduce turnover, absenteeism, and tardiness of parent workers. The Learning Center’s annual budget was in excess of $400,000 for the original 162 employee children. In July 1988, enrollment to the child care facility was extended to the community with substantial tuition discounts offered to all employed parents. Employee and community approval
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European Journal of Accounting Auditing and Finance Research Vol.2. No.3, pp. 69-83, May 2014 Published by European Centre for Research Training and Development UK (www.ea-journals.org) A CRITIQUE ON CASH BASIS OF ACCOUNTING AND BUDGET IMPLEMENTATION IN NIGERIA Emmanuel Amaps Loveday Ibanichuka (Fca, Ph.D) Department of Accounting,Faculty of Management Science,University of Port-Harcourt, Port-Harcourt Oyadonghan Kereotu James (Aca) (Corresponding Author) Lecturer, Department of Accounting
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explain principles of the beyond budgeting and evaluate its usefulness in practice. In order to conduct beyond budgeting, five principles are proposed. Firstly, the beyond budgeting suggests applying rolling budgets to replace annual budgeting. Rolling budgeting breaks down annual budget by months for the first three months, and by quarters for the remaining nine months. The beyond budgeting employs wider range of non-financial measures as well as some financial measures for control. Non-financial
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P3 Use accounting data and statistical information to measure business performance. Monitoring a business current performance is very important due to the fact that it helps to keep the business stable. An organisations previous years data or information on sales income and costs is very essential to monitor the current performance of a business. Historical information of a business sales income and costs tells the business the amount of income they have acquired and the total amount of their
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approaches to budget setting? Budgeting Budgeting is a formal process in which a company's expenses and revenues are planned for the future. Top down and bottom up are two most common budgeting techniques. In the top-down approach, upper management prepares budgets with no input from employees or lower-level managers. In the bottom-up budgeting approach, managers and employees at the department level prepare budgets for their individual departments. A final, organizational budget is prepared by
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function. In budget preparation, sales forecasts were made at the corporate headquarters to ensure that all divisions had the same assumptions and that forecasts were reasonable and achievable. This would then be given to division general managers who would cross check this with data prepared by his subordinate district sales managers. This would then be submitted to the corporate level for approval. Once approved, budget was broken down into plant level sales budgets. Plant budgets were then submitted
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ensure that the business can meet its future targets. After putting together a master budget the company realizes they are experiencing financial trouble with regards to earnings per share, cash flow from operations and profit margin. Buns Bakery will have to address these issues if they wish to secure an investment from venture capitalists. How Budgeting Helped to Overcome the Problem By assembling a master budget the bakery was able to see in detail where certain departments in the company were
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Case 13-9 ZOU’s Fencing Controls ZOU Fencing Inc. (ZOU Fencing or the Company) is a public company in the United States that files quarterly and annual reports with the SEC. ZOU Fencing has five manufacturing facilities located in Missouri and produces and provides chain-link fencing to customers throughout the Midwest (Wisconsin, Indiana, Michigan, Ohio, Illinois, and Iowa) via rail car. ZOU Fencing sells chain-link fencing to customers under free on board (FOB) shipping point terms. Therefore
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