Healthcare Financing and management
This assignment must be completed in APA FORMAT with IN-TEXT CITATIONS.. This paper requires a 1200 WORD REQUIREMENT and MUST include a REFERENCE PAGE. NO PLAGIARISM! This MUST be submitted to me by September 19th, 2021 at 4pm (CENTRAL TIME). THIS MUST BE SUBMITTED ON TIME! NO EXCEPTIONS!
This week, we learned about categories of costs and cost behavior, managing costs, and management control and budgeting. For your Unit 4 Complete assignment, write a narrative essay (minimum 1,200 words) in which you address and discuss the requirements below. Use at least three scholarly sources and remember to demonstrate a thorough understanding of the READ and ATTEND sections in your essay. Cite your sources using APA format.
· You have just started as an entry-level accountant in your small 20 bed hospital. You need to get the buy-in of your board to agree to a project to help your organization stay on the cutting edge; however, they do not understand the concept of budgeting. You are asked to make a presentation to the board to explain the budgeting process. Included in that presentation you must create a spreadsheet delineating the components of a hospital budget. First, discuss the nature and use of budgets for management control and budgeting process. Next, prepare a budgeted income statement with hypothetical numbers for illustration purposes.