Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am trying to figure out how to start this ? Week 8 Chapters 16-17 The first part of this discussion refers to what you
I am trying to figure out how to start this ?
Week 8 Chapters 16-17 The first part of this discussion refers to what you learned in Chapter 16, and is a bit challenging as it requires you to create and defend a budget. First, find an existing budget from a published source. Detail should be extensive enough to present a challenge. Required parts of your analysisew budget: 1. Using the existing budget, create a new budget for the next fiscal year. Set out the details of all assumptions you needed in order to build this budget. 2. Use the Checklist for Building a Budget (Exhibit 162) and critique your own effort. 3. Use the Checklist for Reviewing a Budget (Exhibit 16-1) and critique the existing budget. This next assignment looks at capital expenditures. Case Study - Worthwhile Hospital has a total capital expenditure budget for next year of five million dollars. Of this amount, three million is already committed as spending for capital assets that have already been acquired and are in place. The remaining two million dollars is available for new assets and for new projects or programs. Worthwhile Hospital typically divides the available capital expenditure funds into monies available for inpatient purposes and monies available for outpatient purposes. This year the split is proposed to be 5050. The hospital's CFO is also proposing that a scoring system be used to evaluate this year's proposals. She has set up a scoring system that allows a maximum of five points. Thus the low is a score of one point and the high is a score of five points. In addition to the points earned by a funding proposal, the CFO will allow one bonus point" for upgrading existing equipment and one "bonus point for funding expansion of existing programs. Week 8 Chapters 16-17 The first part of this discussion refers to what you learned in Chapter 16, and is a bit challenging as it requires you to create and defend a budget. First, find an existing budget from a published source. Detail should be extensive enough to present a challenge. Required parts of your analysisew budget: 1. Using the existing budget, create a new budget for the next fiscal year. Set out the details of all assumptions you needed in order to build this budget. 2. Use the Checklist for Building a Budget (Exhibit 162) and critique your own effort. 3. Use the Checklist for Reviewing a Budget (Exhibit 16-1) and critique the existing budget. This next assignment looks at capital expenditures. Case Study - Worthwhile Hospital has a total capital expenditure budget for next year of five million dollars. Of this amount, three million is already committed as spending for capital assets that have already been acquired and are in place. The remaining two million dollars is available for new assets and for new projects or programs. Worthwhile Hospital typically divides the available capital expenditure funds into monies available for inpatient purposes and monies available for outpatient purposes. This year the split is proposed to be 5050. The hospital's CFO is also proposing that a scoring system be used to evaluate this year's proposals. She has set up a scoring system that allows a maximum of five points. Thus the low is a score of one point and the high is a score of five points. In addition to the points earned by a funding proposal, the CFO will allow one bonus point" for upgrading existing equipment and one "bonus point for funding expansion of existing programs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started