Discussion Question1: Operational Budgets

Discussion Question1: Operational Budgets
Discussion Question1: Operational Budgets
Discussion Question1: Operational Budgets
Week 4 – Assignment 1 Discussion Discussion Question 1: Strategies for Establishing Operational Budgets An operational budget is the plan for an organization or unit for daily operating expenses. The operational budget is very similar to how one manages a personal home budget but on a grander scale. For example, there is a balance between accounts receivable and accounts payable, and then there is either a surplus or deficit at the end of the budget period. Most budget periods are a fiscal year or a calendar year. The unit operating budget is the most critical budget in which unit managers must be involved and have the most control over. Extensive information is needed to prepare the operational budget. For example, the operational budget typically requires information related to workload budgets with activity reports, units of service, and workload calculations like HPPD; expense budgets for personnel, staffing, and supplies equipment; the overhead budget; and the revenue budget. Nurses in the unit are often part of the operational budget to examine, or be aware of, weekly or monthly budget variances. This helps the unit function with a positive versus a negative revenue stream. Using the readings for the week, the South University Online Library, and the Internet, respond to the following: Describe at least two strategies for establishing operational budgets. Examine the advantages and disadvantages of using each strategy. Explain the strategies your nurse manager or CNO uses to gather and secure the most timely and relevant information to shape future operating budgets. Identify two challenges the nurse manager or CNO faces with this task. Examine implications for the nurse manager or CNO when the unit operating budget is running in the “red” or has numerous negative monthly variances. Comment on the postings of at least two peers. Evaluation Criteria: Described at least two strategies for establishing operational budgets. Examined the advantages and disadvantages of using each strategy. Explained the strategies your nurse manager or CNO uses to gather and secure the most timely and relevant information to shape future operating budgets. Identified two challenges the nurse manager or CNO faces with this task. Examined implications for the nurse manager or CNO when the unit operating budget is running in the “red” or has numerous negative monthly variances. Justified your answers with appropriate research and reasoning.Commented on the postings of at least two peers. DQ2 Discussion Question 2: Strategies for Establishing an FTE Budget Budgeting is a critical and essential component of nursing and patient care. Without proper support for nurses to provide patient-centered care, the organizational mission and goals will not be met. Full-time equivalent (FTE) measures the number of employees working in an organization, assuming they all work on a full-time basis. It measures each employee’s involvement in the organization. Unit managers and CNOs must have fundamental skills and competencies to establish an FTE budget. Using the readings for the week, the South University Online Library, and the Internet, respond to the following: Describe various strategies used for establishing an FTE budget. Examine the advantages and disadvantages of each strategy. Discuss how the unit manager or CNO elicits input into the FTE budget. Describe one software program utilized by the unit manager or CNO to formulate an FTE budget. Identify the timeline a nurse manager or CNO would utilize to plan the development of an FTE budget. Comment on the postings of at least two peers. Evaluation Criteria: Described various strategies used for establishing an FTE budget. Examined the advantages and disadvantages of using each strategy. Discussed how the unit manager or CNO elicits input into the FTE budget. Described one software program utilized by the unit manager or CNO to formulate an FTE budget. Identified the timeline a nurse manager or CNO would utilize to plan the development of an FTE budget. Justified your answers with appropriate research and reasoning. Commented on the postings of at least two peers.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
Discussion Question1: Operational Budgets
Get a 15% Discount on this Paper
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
Another great paper! Thank you!
Customer 452707, June 16th, 2022
Business and administrative studies
GREAT
Customer 452813, June 30th, 2022
Human Resources Management (HRM)
Thank you so much.
Customer 452701, August 14th, 2023
Nursing
Always pleased with the writers work.
Customer 452707, September 9th, 2023
public speaking
The work was excelent and very professional.
Customer 452653, November 1st, 2021
Nursing
Words can't describe how helpful this service has been for me. Thank you!
Customer 452707, January 9th, 2023
Social Work and Human Services
Thank You, Don!!! :)
Customer 452587, November 9th, 2021
Other
AWESOME
Customer 452813, June 25th, 2022
Human Resources Management (HRM)
Thank you so much. Well written paper.
Customer 452701, September 25th, 2023
Marketing
Yes and thank you
Customer 452701, October 25th, 2022
Criminal Justice
Great work! Followed directions to the latter.
Customer 452485, September 1st, 2021
Nursing
Amazing work! I passed the assignment!
Customer 452707, August 20th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information

NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now