You are the nursing supervisor responsible for general medical/surgical units consisting of 50 beds. For the first time the chief financial officer has asked you to prepare a budget for your area of responsibility. Describe the process you will use to accomplish this task, including the information you will need, and the important steps in the process.
In order to prepare a budget, first of all i will have to identify various cost centers within my unit. In other words, I will identify different types of routine expenses associated with my unit or departments, such as salary expenses, costs on medicines and surgical goods, maintenance of equipment, etc. In order to accurately forecast the budgetary requirements, I will need historical information about the costs incurred on these ...
This solution discusses steps to consider for preparing the budget in 294 words.