Drs. Jones and Smith have asked for your advice on creating a budget for their second fiscal year in their general surgery practice. They have enjoyed a positive reception in the community and are becoming known as good surgeons with good patient outcomes. As such, they are planning on expanding their small practice. They have not yet amassed the necessary capital to self-finance the expansion. What are the three major questions you would want them to answer to help you start their budget process and why are these questions the most important to ask?

Reference:

• Harrison, C., & Harrison, W. P. (2013). Introduction to health care finance and accounting. Cengage.
• Mason, R. (2015). Accounting and finance in 4 weeks: The complete guide to success. Hodder & Stoughton.