It has community clinics and medical missions, and continue to

Nurse executive leaders are responsible for the quality of care and the financial well-being of their unit. It is important for them to utilize different types of budgets to assure the financial success of their unit. Directions In this short paper, you will discuss budgets, the budgeting process, and the types of costs and forecasts commonly used by nurse executive leaders. Specifically, you must address the following: Types of Budgets: Discuss the value of the operating, capital, and staffing budgets commonly used by nurse executive leaders and how they can help an organization meet its goals. Budgeting Process: Discuss the major approaches to the budgeting process, including the historical approach to budgeting, zero-based budgeting, and flexible budgeting, and the advantages and disadvantages of each approach. Operating Expenses and Revenue: Discuss two examples of operating expenses and sources of revenue and how they impact each other. Types of Costs: Discuss examples of fixed and variable costs to show the difference between them. Controllable Expenses: Discuss examples of controllable and uncontrollable expenses to show the difference between them. Expense Projections and Forecasts: Explain two different forecasting tools and how nurse executive leaders use them.

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