budget-sec2B_6

budget-sec2B_6 - Budgeting: Introduction: William J. Ward,...

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Budgeting: Introduction: William J. Ward, Jr., MBA 1 Section B Mental Gymnastics 2 Some Points to Keep in Mind ± Beware of false expectations ± Integrate operating and capital budgets ± Balancing departmental needs ± Formula approach vs. real need 3 An Iterative Process Organizational Goals and Objectives Departmental Goals and Objectives Workload Revenues Staffing and Salaries Supplies and Services Capital Budget Cash flow Budget Operating budget 4 ± Beware of false expectations ± Integrate operating and capital budgets ± Balance departmental needs ± Formula approach vs. real need 5 Integrating the Budgets Goals and objectives Projected workload Capital Budget Cash Budget Operating Budget 6 ± Beware of false expectations ± Integrate operating and capital budgets ± Balancing departmental needs ± Formula approach vs. real need
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Budgeting: Introduction: William J. Ward, Jr., MBA 2 7 Balancing Departmental Needs Objectives Complimentary and Supportive Ancillary Services Patient Care Centers
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budget-sec2B_6 - Budgeting: Introduction: William J. Ward,...

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