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Wilted 1,020- L0 1 400-word paper . TOur Jo Jet s10Ulu. 0 Discuss decision-making processes in creating a budget. Explain the role of variance analysis
Wilted 1,020- L0 1 400-word paper . TOur Jo Jet s10Ulu. 0 Discuss decision-making processes in creating a budget. Explain the role of variance analysis in maintaining an operating budget. Differentiate between managerial accounting and financial management o Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection. o Discuss the decision between the two labor alternatives facing the management of PFCH and the annual cost increase of each. 0 Make a recommendation about which labor alternative should be chosen o Justify and analyze the labor decision that you recommend. Your justification should present numbers related to fiscal management including how each decision affects the 2010 Budget Projection. 0 Analyze the effect of your decision on the operating budget, including: The opportunity cost of your recommendation 0 How your recommendation affects employee satisfaction 0 How your recommendation affects patient care and patient satisfaction
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