A budget
Discussion 1
Read Assignment 1 in Chapter 16 and in 300-350 words, answer the following questions:
What are the roles played by a budget and how many budget types are available?
Under what conditions is a flexible budget likely to be more effective than a forecast budget?
Discussion 2
Read Chapter 13 and in 300-350 words, answer the following questions:
What is your understanding of strategic planning and financial planning?
What if financial planning is not aligned with strategic planning? What are the consequences? You are encouraged to select a health care organization to answer these two questions
Week 4 Assignment
Zero-Based Budgeting
Read the Zero-Based Budgeting article. The Board of Directors of Windsor Memorial Hospital has hired you to be their zero-based budget consultant. Specify how Windsor Memorial Hospital can implement a zero-based budget and provide your recommendations to the Board of Directors of the Hospital. Explain the benefits of implementing your recommendations and justify why you are making these specific recommendations.
Your paper must include an introduction, thesis, and conclusion and be four to five page double-spaced (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center. Utilize a minimum of three- to- five scholarly and/or peer-reviewed sources (excluding the course text) that were published within the last five years, in APA
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Discussion 1
Basically, a budget is a plan, carefully designed and with sufficient details and quantitative expression for a defined period of time for example a day, a week, a month or a year. It may contain extra details like the target volume of sales, the expected resources from the sales, costs and expenses, cash flows amongst others. A budget typically expresses organizations’ strategic plans for the future (Nice, 2002). A budget…………………..
