MSN6216 Unit 3 Discussion Latest 2019 January

MSN6216 - Advanced Finance and Operations Management

Unit 3 Discussion

Capital and Operational Budgets

Capital and operational budgets each play a major role in the financial expenditures of nursing units. For this discussion:

Explain the purpose and use of each type of budget.

Describe your experience with either type of budget.

Have you prepared or contributed to the development of one of these budgets?

How have one or the other of these two budgets affected the provision of care in your organization or unit?

Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider:

How might you elaborate on your colleague’s explanation?

How does your experience with these budgets compare to that of your colleague?

How are these budgets related to an organization’s strategic goals?

Learning Components

This activity will help you achieve the following learning components:

Apply the principles of effective composition.

Identify assumptions underlying a budget.

Distinguish between an operations budget and a capital budget.

Identify alignment between the budget and the organization's mission.

Proofread and edit written communications.