Assignment:
Question 1. You have learned in this unit that creating the operational budget for a healthcare facility is not a once-per-year event. It is a continuous process with an annual cycle. List and describe the six key steps in the operational budget cycle, and briefly summarize the activities that take place in each step.
Question 2. Explain the difference between financial accounting and managerial accounting. Provide at least one practical example of each for your own healthcare organization or a healthcare organization in your community of interest to you.
Question 3. Review the website of the Healthcare Financial Management Association:
www.hfma.org
What is the role of this organization in modern healthcare leadership? What professional growth opportunities do they offer their members? Would you personally consider a career path involving Healthcare Financial Management Association (HFMA)? Why, or why not?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.