This assignment need to be completed according to the question that is asked of you. Remember if not followed to the letter you will receive an “F”.
You are the manager of a variable hospital department, and you just received your monthly budget results that state that your salaries were higher and your supplies were lower than budgeted. Your vice president expects managers to write detailed variance reports that include all possibilities.
1.Write a paper that explains what factors you should consider when writing your variance report to your vice president.
2.Include the relationships between variance reporting, interpreting variance report results, and actual results of performance.
3.Cite a minimum of three references to support your rationale.
RUBRIC:
Essay on Budget Variance, Focusing on Relationships Between Variance Reporting, Interpreting Variance Report Results, and Actual Results of Performance: Demonstrates thorough knowledge of the business concepts involved in the issue, and their implications. Thoroughly develops the variance relationships specified in the assignment. Clearly answers the questions and develops a very strong rationale. Introduces appropriate examples.
Integrates Information From Outside Resources Into the Body of Paper: Supports main points with references, examples, and full explanations of how they apply.
Thesis and/or main claim are comprehensive. The essence of the paper is contained within the thesis. Thesis statement makes the purpose of the paper clear.
Clear and convincing argument presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative.
RESOURCES:
Textbook; login (ID-cheard)-(PW-Shawn$12)
1. Essentials of Health Care Finance
Read Chapters 13, 16, 17, 19, 21, and 22 in Essentials of Health Care Finance.
1. A Fresh Look at Capital Investments
Read “A Fresh Look at Capital Investments,” by Levy, Lawrence, and Shiple, from Healthcare Financial Management (2009).
2. Best Practices in Healthcare Facilities Capital Planning
Read “Best Practices in Healthcare Facilities Capital Planning,” by Dufresne, from Health Design (2009).
Calculating the Return on Investment of Mobile Healthcare
Read “Calculating the Return on Investment of Mobile Healthcare,” by Oriol et al., from BMC Medicine (2009).
4. Capital Expenditures Gear Up to Usher in a New Decade
Read “Capital Expenditures Gear Up to Usher in a New Decade,” by O’Rourke, from Rehab Management: The Interdisciplinary Journal of Rehabilitation (2010).
5. Cost Pool Classification and Judgment Performance
Read “Cost Pool Classification and Judgment Performance,” by Mastilak, from Accounting Review (2011).
6. Financial Finesse
Read “Financial Finesse,” by Wood, from Financial Finesse (2009).
7. Healthcare Capital Projects: How to Avoid Common Problems
Read “Healthcare Capital Projects: How to Avoid Common Problems,” by Vianueva, from Healthcare Financial Management (2011).