NUR-621 Operational Budget Presentation Assignment
Grand Canyon University NUR-621 Operational Budget Presentation Assignment-Step-By-Step Guide
This guide will demonstrate how to complete the Grand Canyon University NUR-621 Operational Budget Presentation Assignment assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.
How to Research and Prepare for NUR-621 Operational Budget Presentation Assignment
Whether one passes or fails an academic assignment such as the Grand Canyon University NUR-621 Operational Budget Presentation Assignment depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.
After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.
How to Write the Introduction for NUR-621 Operational Budget Presentation Assignment
The introduction for the Grand Canyon University NUR-621 Operational Budget Presentation Assignment is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.
How to Write the Body for NUR-621 Operational Budget Presentation Assignment
After the introduction, move into the main part of the NUR-621 Operational Budget Presentation Assignment assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.
Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.
How to Write the Conclusion for NUR-621 Operational Budget Presentation Assignment
After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.
How to Format the References List for NUR-621 Operational Budget Presentation Assignment
The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.
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NUR-621 Operational Budget Presentation Assignment
Introduction
´Budget – a written formal financial statement of a hospital’s plan for future operations
qit is a management control tool developed annually.
´Development of a budget is a team work which involves all departments including nursing units –
qensure development of an effective strategy for a given facility(Contino, 2001).
´There are different types of financial budgets – in hospital setting, most important ones are –
qcash budget – reflect cash flow metrics in a hospital – enables management to foresee cash shortages so as to seek alternative sources (Mukherjee, Al Rahahleh & Lane, 2016),
qcapital budget – summarizes future plans for procuring plant facilities and equipment and
qoperating budget – comprise of a list of financial activities in a given year- enlists income sources and anticipated expenses
´Subsequent slides is an operational budget for a 20-bed capacity nursing unit.
Nurse Managers are tasked with setting goals and operation objectives in a given nursing units under their own responsibility.
However, they are also involved in the design of budgets. For the latter to happen, nurse managers collaborate with the finance department of a health facility. Following the development of a budget, it is updated and submitted to the hospital administration for its approval from the board of directors. At this point, the budget proposed can either be accepted or rejected based on its effectiveness to address the prevailing hospital revenue and expenditure. Development of a concise budget is vital to ensure that it is approved in a care facility.
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Key Components of Budget Costs: Staff
The budget on staff involves payment of salaries to professionals providing care to the facility. In an overview the facility has 10 physicians, 100 nurses and 30 Pharmacists as key frontline professionals. In addition, the facility has staff from other cadres of health whose roles ensure adequate services to patients. However, about 5 physicians providing specialized care will be hired on contract since retaining them will be costly to the facility (Contino, 2001). Other than salaries, employees especially those retained on permanent basis will receive benefits such as health coverage, health risk allowances, housing and commuter allowances. The rates will be reviewed based on the prevailing income generated by the facility.
Key Components of Budget Costs: Activities
The premise relates to activities the facility anticipates to undertake. The outlined tasks are crucial for the daily operations of the facility. In a preview of the activities, it is anticipated that charges made on in-patient (IP) and out-patient (OP) services are likely to reach 8% which will increase the total revenue to the facility (Mukherjee, Al Rahahleh & Lane, 2016). Payments made by third-party payers is also believed to yield a bundle of evidence in increasing income to the hospital. All these will improve the overall income to the facility as they are activities sought by many patients. These activities also determine the future growth of the hospital.