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Preparing a Capital Budget (Example)

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Capital Budget Name Institution Capital Acquisition Capital acquisition for the health facility will entail renovation equipment and materials for the nurses’ lounge. The capital acquisition will focus on facility renovation to achieve quality improvement. The healthcare facility needs to attain an increased satisfaction of its nursing staff making it necessary to acquire capital for facility renovation. The ultimate purpose of the capital acquisition is to grow the overall revenues and profitability of the healthcare facility. Some of the factors that the healthcare facility will consider in the capital acquisition are: urgency of need duration of need flexibility services cost and type of funding. The facility renovation is urgently needed to improve the experience of nursing staff at the healthcare establishment and minimize their turnover. The duration of need for the renovated nurses’ lounge is long-term because the renovated facility will be used by the nursing staff for several years. will increase resulting in an improved financial health. References Ahmad I. Nawaz A. Khan S. Khan H. Rashid M. A. & Khan M. H. (2011). Predictors of patient satisfaction. Gomal Journal of Medical Sciences 9(2). Aiken L. H. Sermeus W. Van den Heede K. Sloane D. M. Busse R. McKee M. ... & Tishelman C. (2012). Patient safety satisfaction and quality of hospital care: cross sectional surveys of nurses and patients in 12 countries in Europe and the United States. Bmj 344 e1717. Barth M. E. Konchitchki Y. & Landsman W. R. (2013). Cost of capital and earnings transparency. Journal of Accounting and Economics 55(2-3) 206-224. Eugene Fibuch M. D. & Arif Ahmed B. D. S. (2015). Physician turnover: a costly problem. Physician leadership journal 2(3) 22. King R. Clarkson P. M. & Wallace S. (2010). Budgeting practices and performance in small healthcare businesses. Management Accounting Research 21(1) 40-55. [...]

Order Description:

You are a unit manager of a 50 bed, step down unit, and it is time for you to prepare your annual capital budget. You have significant turnover in your nursing staff in the past three years; a review of exit interviews and patient surveys indicates low nurse satisfaction , poor morale, and complaints of and antiquated and depressing work environment. You have researched the impact of a postive working environment on staff productivity and morale and decided to request a renovation of the nurses lounge as the main purchase in your capital budget. You will present your request as a quality imrovment investment. Prepare a capital budget for a facility renovation...assemble your budget figures in table. (in excel) Paper must include: Describe the capital acquisition Justify the need for the capital acquisition Prepare the capital budget Describe the process for calculating costs Present a plan for budget management Explain how the capital acquisition will affect the finacial health of the organization Present the budget data and information clearly and accurately Must be APA. 4 to 5 pages, including budget. Minimum 5 references

Subject Area: Nursing

Document Type: Poetry Prose

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $45

Words 825

Pages 3

Completed in 10 days

Expert Samuel M

Client Review

Thanks so much

Positive
09.01.2019

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