10
BUDGETING
LEARNING OBJECTIVES
• State the purposes of budgeting
• Describe the planning-and-control cycle and the five key dimensions of budgeting
• List the major budgets and explain their relationship to each other and to the income statement and balance sheet
• Construct each of the major budgets
The budget is one of the most important documents of a health care organization and is the central document of the planning-and-control cycle. The budget serves not only as a planning document that identifies the revenues and resources needed for an organization to achieve its goals and objectives but also as a control document that allows an organization to monitor the actual revenues generated and its use of resources against what was planned. ...
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