Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in the topic of organizational accounting, why is

In the topic of organizational accounting, why is the budget important in medical clinics or hospitals?

60.1K

Verified Solution

Question

Accounting

In the topic of organizational accounting, why is the budgetimportant in medical clinics or hospitals?

Answer & Explanation Solved by verified expert
3.9 Ratings (569 Votes)
Finance teams look to reengineer inefficient and ineffective budgeting and planning methodologies and tools they realize that one approach cant be right for every hospital or healthcare provider An optimal process is often a function of an organizations culture or even the competitiveness of their market Weve compiled a list of five common approaches weve seen followed across a variety of successful healthcare provider organizations Planning across multiple time horizons has becoming increasingly important because of industry reform Aligning plans models and budgets    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In the topic of organizational accounting, why is the budgetimportant in medical clinics or hospitals?

Other questions asked by students

Q

Vapor Pressures of a solid and liquid ammonia near the triple point are given by: log...

Chemistry
Q

Discuss the use of technologies and security impacts of New Ways of Work with respect to...

General Management
Q

1 A 10 kilogram ball rolls down a stair case from a 20 m second...

Physics
Q

What is the missing length 38 mi p P area 1520 mi miles

Geometry
Q

A health and fitness club reviews the weights of all of their members and found...

Statistics
Q

2 a 8 points Find the Maclaurin series of f x if f 0 0...

Calculus
Q

Express in radical form, with no exponents. x^(-1/2)

Algebra
Q

Mark is paid $600 per week and contributes 3% of his gross wages to is...

Accounting
Q

Only answer question 2 Mercan Co. manufactures shipping containers for other...

Accounting
Q

please show formula journal entry for parts b and c Function: PMT;...

Accounting
Q

A corporation issuing a bond to raise $100 million issues 100,000 individual bonds. If each...

Finance
Q

Investors demand a rate of return of 12 percent on Kingbird Food Inc's common shares....

Finance