Budgeting

  Explain the importance of reporting in health care. * Explain why budgets are an important part of the planning process. * Explain the difference between operating, project, and capital budgets. * Analyze the impact of the budget on the operations of the organization. * Competency 2: Develop a departmental budget. * Provide this year's correct revenue and expenses. * Estimate the correct revenue, expenses, and net revenue/expenses for the next fiscal year. * Competency 3: Communicate in a manner that is scholarly, professional, and respectful of the diversity, dignity, and integrity of others and consistent with the expectations for health care professionals. * Adhere to the rules of grammar, usage, and mechanics. * Apply APA formatting to in-text citations and references. The assessment has two distinct parts: Part 1: Medical-Surgical Department Operating Budget Relevant scoring guide criteria: * Provide this year's correct revenue and expenses.