Budget Development Research Assignment

November 23, 2022

Budget Development Research Assignment

Order Number	636738393092
Type of Project	ESSAY
Writer Level	PHD VERIFIED
Format	APA
Academic Sources	10
Page Count	3-12 PAGES

Instructions/Descriptions

Budget Development Research Assignment

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Week 8 Assignment – Budget Development

Read the paragraph to complete this assignment.

One of the tasks you face as a manager, especially if your organization makes frequent business transactions, is that of preparing a budget. A budget is a tool used for planning and controlling your financial resources. It is a guideline for your future plan of action, expressed in financial terms within a set period of time.

A budget does not have to be complex. However, it should support the strategic plan for the organization. We will need resources to achieve our goals and objectives.

For this assignment, you will focus on the operating budget. An operating budget shows the company’s projected revenue and associated expenses for an upcoming period—usually the next year. An operating budget starts with revenue, and then shows each expense type. This includes variable costs, or the costs that vary with sales, such as the cost of raw materials and production labor.

The operating budget includes fixed costs, such as the monthly rent on office space or the monthly payment for a photocopier lease. The budget also includes operating expenses, such as interest on business loans, and the non-cash expense of depreciation. These items enable the company to compute its projected net income and net profit percentage.

Imagine you are the healthcare administrator for an actual non-profit clinic, home health agency, or outpatient surgery center. Your first task is to locate either the strategic plan for that organization or determine its strategic direction through the vision statement, mission/purpose statement, and strategic priorities/goals. You will also need to locate the audited financial statements for the organization.

Using the information from your research, develop a one-year operating budget for the chosen entity, which will include operating revenues and expenses. Include a 1–2-page document to justify the approach you use in constructing the operating budget with the strategic plan or strategic direction.

Upload the strategic plan or strategic direction and audited financial statements as an attachment or include the web link.
Complete your own spreadsheet for an operating budget using Excel.
Support your work with at least 3 quality references, one being your course textbook.

The specific course learning outcome associated with this assignment is:

Develop a budget for a department within a healthcare organization.

Follow the Scoring Rubric Do Not Deviate from this!!

Develop a 1-year budget including income and operating expenses. 30 %

Unacceptable Did not complete or insufficiently developed a 1-year budget and did not include operating expenses.

Needs Improvement Partially developed a 1-year budget, including income and operating expenses.

Competent Satisfactorily developed a 1-year budget, including income and operating expenses.

Exemplary Thoroughly developed a 1-year budget, including income and operating expenses.

Justify approach to proposed budget and aligned budget requests with the strategic plan. 30 %

Unacceptable Did not complete or insufficiently justified approach to proposed budget and did not align budget requests with the strategic plan.

Needs Improvement Partially justified approach to proposed budget and partially aligned budget requests with the strategic plan.

Competent Satisfactorily justified approach to proposed budget and satisfactorily aligned budget requests with the strategic plan.

Exemplary Thoroughly justified approach to proposed budget and thoroughly aligned budget requests with the strategic plan.

Include at least 1 capital project, using the principles of capital budgeting. 20 %

Unacceptable Did not complete or insufficiently included at least 1 capital project, and did not use principles of capital budgeting.

Needs Improvement Partially included 1 capital project, using principles of capital budgeting.

Competent Satisfactorily included 1 capital project, using principles of capital budgeting.

Exemplary Included at least 1 capital project, using principles of capital budgeting.

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Support work by providing 3 quality references, one being your course textbook. 10 %

Unacceptable Did not submit or incompletely provided quality references.

Needs Improvement Provided 1 quality reference.

Competent Provided 2 quality references, one being the course textbook.

Exemplary Provided 3–5 quality references, one being the course textbook.

Clarity, writing mechanics, and formatting requirements. 10 %

Unacceptable Needs Improvement Competent Exemplary

More than 6 errors present. 5–6 errors present. 3–4 errors present. 0–2 errors present.

Budget Development Research Assignment

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Literature Support

91-84 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Methodology

58-53 points

With titles for each slide as well as bulleted sections to group relevant information as required, the content is well-organized. Excellent use of typeface, color, images, effects, and so on to improve readability and presenting content. The minimum length criterion of 10 slides/pages is reached.

Average Score

50-85%

40-38 points

More depth/information is required for the context and importance, otherwise the study detail will be unclear. There is no search history information supplied.

83-76 points

There is a review of important theoretical literature, however there is limited integration of research into problem-related ideas. The review is just partly focused and arranged. There is research that both supports and opposes. A summary of the material given is provided. The conclusion may or may not include a biblical integration.

52-49 points

The content is somewhat ordered, but there is no discernible organization. The use of typeface, color, graphics, effects, and so on may sometimes distract from the presenting substance. It is possible that the length criteria will not be reached.

Poor Quality

0-45%

37-1 points

The context and/or importance are lacking. There is no search history information supplied.

75-1 points

There has been an examination of relevant theoretical literature, but still no research concerning problem-related concepts has been synthesized. The review is just somewhat focused and organized. The provided overview of content does not include any supporting or opposing research. The conclusion has no scriptural references.

48-1 points

There is no logical or apparent organizational structure. There is no discernible logical sequence. The use of typeface, color, graphics, effects, and so on often detracts from the presenting substance. It is possible that the length criteria will not be reached.