Differentiate between managerial accounting and financial management.
- Present your 2010 Operating Budget Projection. Include an introduction in which you do the following:
- Differentiate between managerial accounting and financial management.
- Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.
- Justify your decision. Include numbers from the organization to support your analysis, such as numbers related to accounting principals, fiscal management, the balance sheet, and so on.
- Analyze the effect of your decision on the operating budget.
- What is the opportunity cost of your decision?
- How does budget performance affect patient care and employee satisfaction?
- How are finance and accounting related to an operating budget?
- Explain the role of cost measurement in maintaining the operating and capital budgets via variance analysis.
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