Discuss the least effective/ineffective financial management practices in creating and monitoring an operating budget
Review the 2009 Operating Budget Projections and the assumptions following the projected numbers in the Budgets tab under Chief Financial Officers in the Patton-Fuller Community Hospital Virtual Organization.
Assume the 2009 projections were realized.
Use 2010 Operating Budget Projections.
Write a paper in which you do the following:
Discuss which financial management practices are least effective/ineffective in creating and monitoring an operating budget:
-top down/bottom up budget
-lack of control
-poor inventorying
-lack of staff investment
-over controlling
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