Please apply if you have the textbook. Write a 5 to 7 page analytical paper that includes citations from your textbook and references to the spreadsheets you just created (as appropriate). Your paper is to include the following substantive elements: An introduction that gets the reader`s attention, explains why the reader should care about or be interested in reading your paper, provides any necessary context or background for the body of the paper, briefly previews what will be addressed in the paper and the key conclusion, thesis, or purpose of the paper. The body of the paper is to include A brief explanation of each budget type in terms of what it shows, key assumption(s) underlying the budget, and why it is important to understand what the key assumptions are. Discussion of how the different budget types (e.g., line item, program, flexible) facilitate different types of decision making and accountability. Although you were not required to develop a cash or cash-flow budget for Denison Hospital, discuss why a cash or cash-flow budget is important to develop when managing an organization. Identify an example of a capital purchase that Denison Hospital could make, explain why it is a capital item, and why it would be helpful to plan for its acquisition in a separate capital budget. Discuss how the acquisition of the capital item would affect the operating budget. Describe the three most important reasons understanding the operating budget and the different types of costs of an organization helps you to better manage and lead the organization toward advancing its mission and goals. At least one of your reasons must address the importance of understanding costs. A conclusion that synthesizes, summarizes, extends, explains, or otherwise wraps up what was presented in the body of the paper and connects back to the introduction. For this paper, a key focus should be explaining or summarizing the practical relevance of what was presented in the body. A reference page Appendices (spreadsheets): At least, your spreadsheets are to be included in the appendix of your paper. Note: Your paper should follow APA citation, referencing, and formatting requirements, including a title page, running head, and page numbers. Include the spreadsheets (attached excel file) you created in Step 1 as appendices. Place any other supportive information you choose to include in the appendix. Our text book is Financial Management for Public, Health, and Not-for-Profit Organizations, 6th Edition. This NEEDS to be one source. Images/charts can also be used, but sparingly.
