Zero Based Budgeting Assignment
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Zero-Based Budgeting
Read the Zero-Based Budgeting (Links to an external site.)Links to an external site. PowerPoint presentation. The Board of Directors of Windsor Memorial Hospital has hired you to be their zero-based budget consultant. Specify how Windsor Memorial Hospital can implement a zero-based budget and provide your recommendations to the Board of Directors of the Hospital. Explain the benefits of implementing your recommendations and justify why you are making these specific recommendations.
Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five double-spaced pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center. Utilize three scholarly and/or peer-reviewed sources (excluding the course text) that were published within the last five years. Cite your sources within the text of your paper and provide complete references for each source used on the reference page.
Carefully review the Grading Rubric (Links to an external site.)Links to an external site. for the criteria that will be used to evaluate your assignment.
RESOURCES
Required Text
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed). Sudbury, MA: Jones & Bartlett Learning.
Chapter 13: Strategic Financial Planning
This chapter focuses on the major concepts involved in strategic financial planning including key financial policy targets, 10 requirements for effective financial planning and the steps involved in developing a financial plan.
Chapter 16: Management Control Process
This chapter focuses on the concept of management control and how budgeting is used as part of it. Budgeting process and major types of budgets are also described.
Chapter 18: Financial Mathematics
This chapter discusses the concept of time value of money. Concepts such as future value, present value and annuity are explained.
PowerPoint Presentation
Windsor Regional Hospital: Report of the Executive Committee. (Apr, 2008). Zero Based Budgeting (Links to an external site.)Links to an external site.. Retrieved fromhttp://www.wrh.on.ca/webbuild/site/wrh-internet-upload/file_collection/WRH%20Medical%20Departments%20Orientation%20Session%20V6.pdf
This is a report of the 2008 executive committee report for Windsor Regional Hospital.
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LearnScape Simulation
Jones & Bartlet Learning. Healthcare Finance LearnScape [Access Code]. Sudbury, MA: Jones & Bartlett Learning.
Recommending Resources
Textbook PowerPoint Presentations
Chapter 13 Strategic Financial PlanningPreview the document
Chapter 16 Management Control ProcessPreview the document
Chapter 18 Financial MathematicsPreview the document
HFMA PowerPoint Presentation on Budgeting and ForecastingPreview the document
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