You have just started as an entry level accountant in your small 20 bed hospital. You need to get the buy in of your board to agree to a project to help your organization stay on the cutting edge; however they don’t understand the concept of budgeting. You are asked to make a presentation to the board to explain the budgeting process. Included in that presentation you must create a spreadsheet delineating the components of a hospital budget.

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Budgeting is the process of estimating the revenues and expenditure that can be o... View the full answer