To participate in the following discussions, go to this week's Discussion link in the left navigation.
Understanding Flexible Budgets
Read Assignment 1 and in 300-350 words, answer the following questions:
- What are the roles played by a budget and how many budget types are available?
- Under what conditions is a flexible budget likely to be more effective than a forecast budget?
Respond to at least two of your classmates' posts.
Strategic Planning and Financial Planning
Read and in 300-350 words, answer the following questions:
- What is your understanding of strategic planning and financial planning?
- What if financial planning is not aligned with strategic planning? What are the consequences? You are encouraged to select a healthcare organization to answer these two questions