[Answered] NR533 Week 3: Process of Budget Preparation

Directions

After exploration of the types of budgets and the processes for their development at your institution. How and from whom is input into the budgets acquired and used? Where does control of the budget lie? What influence do unit and midlevel managers have on the various kinds of budgets?

 

Solution

Every day, nurse leaders regulate an operating budget as well as a capital budget. “The operating spending budget has most full-time equivalent personnel as well as all revenue and expenses for day in as well as day out operations” (Rundio, 2016). These particular finances are crucial and also should be initially produced next implemented also final monitored for upkeep. “The capital spending budget that nurse and nurses’ supervisors are accountable for will be the main movable………..please follow the link below to purchase the solution at $5