Develop a review on the importance of the budgeting process to a health care organization, as well as demonstrate an understanding regarding the differences between an operational budget and a capital budget

Develop a 2-4-page review on the importance of the budgeting process to a health care organization, as well as demonstrate an understanding regarding the differences between an operational budget and a capital budget. Additionally, you will prepare an operational budget for the surgical department at the St. Anthony Medical Center.

***SCORING GUIDE MUST BE FOLLOWED TO THE LETTER; FOR EXAMPLES GIVE CITE-ABLE EXAMPLES WITHIN THE TEXT***

Resources:

Finkler, S. A., Smith, D. L., Calabrese, T. D., & Purtell, R. M. (2017). Financial management for public, health, and not-for-profit organizations (5th ed.). Thousand Oaks, CA: CQ Press. Available from the bookstore.

  • Chapter 2, “Planning for Success: Budgeting,” pages 24–78.
    • This chapter takes examines the budgeting process and how it can help to achieve an organization’s strategic and long-term goals.
  • Chapter 3,”Additional Budgeting Concepts,” pages 79–123.
    • This chapter takes a more in-depth look at budgeting, including concepts such as forecasting and flexible and performance budgeting.

Finkler, S. A., Smith, D. L., Calabrese, T. D., & Purtell, R. M. (2017). Financial management for public, health, and not-for-profit organizations (5th ed.). Thousand Oaks, CA: CQ Press. Available from the bookstore.

  • Chapter 2, “Introduction to Financial Management,” pages 2–22.
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