What factors would influence your thought process early in the decision-making; why did the doctors proceed with the treatment? Comment on the nurse’s statement “there’s a lot of waste.” Provide your concluding thoughts. (Locate the following article: Intensive Care: One Patient, 34 Days In the Hospital, a Bill For
January 30, 2019
From your text and at least one scholarly source, describe how service center costs are allocated using the various allocation methods. Illustrate its use by using a health care example.
January 30, 2019

Select an organization: either from the Case Studies in Chapters 27–28 or from one of the Mini-Case Studies in Chapters 29–31.
Required
• 1. Using the organization selected, create a budget for the next fiscal year. Set out the details of all assumptions you needed in order to build this budget.

• 2. Use the “Checklist for Building a Budget” (Exhibit 15–2) and critique your own budget.
Assignment Exercise 15–2: Budgeting
Find an existing budget from a published source. Detail should be extensive enough to present a challenge.
Required
• 1. Using the existing budget, create a new budget for the next fiscal year. Set out the details of all the assumptions you needed in order to build this
budget.
• 2. Use the “Checklist for Building a Budget” (Exhibit 15–2) and critique your own effort.
• 3. Use the “Checklist for Reviewing a Budget” (Exhibit 15–3) and critique the existing budget.
Assignment Exercise 15–3: Transactions Outside the Operating Budget
Review Figure 15–2 and the accompanying text.
Metropolis Health System (MHS) has received a wellness grant from the charitable arm of an area electronics company. The grant will run for 24 months, beginning at the
first of the next fiscal year. Two therapists and two registered nurses will each be spending half of their time working on the wellness grant. All four individuals
are full-time employees of MHS. The electronics company has only recently begun to operate the charitable organization that awarded the grant. While they have gained
all the legal approvals necessary, they have not yet provided the manuals and instructions for grant transactions that MHS usually receives when grants are awarded.
Consequently, guidance about separate accounting is not yet forthcoming from the grantor.
Required
How would you handle this issue on the MHS operating budget for next year?
Assignment Exercise 15–4: Identified Versus Allocated Costs in Budgeting
Review Figure 15–3 and the accompanying text.
Metropolis Health System is preparing for a significant upgrade in both hardware and software for its information systems. As part of the project, the Chief of
Information Operations (CIO) has indicated that the Information Systems (IS) department can change the format of the MHS operating budgets and related reports before
the operating budget is constructed for the coming fiscal year. The Chief Financial Officer (CFO) has long wanted to modify what costs are identified and what costs
are allocated (along with the method of allocation). This is a golden opportunity to do so. To gain ammunition for the change, the CFO is preparing to conduct a
survey. The survey will obtain a variety of suggestions for potential changes in allocation methods for the new operating budget report formats. You have been selected
as one of the employees who will be surveyed.
Required


 

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