Health Care Budget

HCS 577 HCS577 Week 5 Individual Assignment Health Care Budget

Write a 1,000 word paper in which you do the following:

Discuss which financial management practices are most effective in creating and monitoring an operating budget.
Discuss which financial management practices are least effective in creating and monitoring an operating budget.

Your paper should cover all of the following the key concepts from the reading:

Creating an operating budget

Top-down vs. bottom-up budgeting
Zero-Based budgeting
Conventional budgeting
Statistics budget

Monitoring an operating budget

Cost allocation methods
Variance analysis
Benchmarking

Format your assignment consistent with APA guidelines.