Thinking on health care businesses How does an individual department's annual operating budget differ from that of the whole entity? How does the purpose and process of creating an operating budget differ from that of a capital budget?© BrainMass Inc. brainmass.com June 4, 2020, 2:55 am ad1c9bdddf
Budget refers to allocation of resources by laying down a plan. Individual department's annual operating budget is different from the whole entity as it pertains to only about the allocation of resources of the individual department. Hence individual department's annual operating budget will assist in division of financial, physical and other resources wrt to department only. There is lesser need of coordination unlike budget for the whole entity. Budgeting for the whole entity requires greater coordination between the ...