Preparing The Operating Budget

Preparing the Operating Budget: Roles and Responsibilities Name School Course February 4, 2012 prof Name ? Preparing the Operating Budget: Roles and Responsibilities The operational figure is unwrap of the outmatch figure for an ecesis and its finding is to establish the be after revenues and expenses over a specific m intent (Finkler, Kovner, & Jones, 2007 p. 233). The period of time covered by an in operation(p) compute is typically one year (Finkler, et al, 2007 p. 233). Preparing the operate budget for an organization should be a joint effort mingled with administration and the management squad which reflects the collective knowledge, experience, and realistic expectations (Herkimer, 1988, p. 3). In auberge to understand the treat of preparing an operating budget, this paper get out examine the roles and responsibilities of the principal Financial Officer (chief financial officer), Vice chairperson of breast feeding, starting signal line man agers, and staff. The CFO is primarily trusty for the pecuniary aspects of strategical planning in an organization and as such is responsible for all financial functions including the budgeting process (Finkler, et al, 2007 p. 44). It is the CFO who presents the master budget to the Board for its approval (Herkimer, 1988 p. 13).

In preparing the operating budget, the CFO go away provide managers with information about external factors in the operating environment such as the local economy, demographic changes, and swelling (Finkler, et al, 2007, p. 242). The CFO may also act as the budget director, collecting the operating budge ts from the Vice chairmans of the various d! epartments and conciliate them with the organizations overall budget (Herkimer, 1988, p. 18). The Vice President of Nursing or Chief Nursing Officer (CNO) has license and tariff similar to the CFO, but with regard to patient sell activities kinda of finance activities (Finkler, et al, 2007, p. 37). In many health solicitude organizations, overdue to the number of employees and the...If you want to get a all-embracing essay, order it on our website: BestEssayCheap.com

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