Explain why budgets are an important part of the planning process.

Demonstration of Proficiency

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

Competency 1: 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.