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.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. 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?

Financial and Managerial Accounting

Order Description

You are a chief administrative officer for a large nonprofit health relief organization. A board of directors has requested that you prepare a summary of the issues and how to solve the health needs of an African country. Your organization has limited funding and will need to obtain subsidized medicine from major pharmaceutical companies. Your organization also has the opportunity to get non-generic, non-USDA approved, alternative stem cell derived medication from foreign sources. Prepare a report for the board of directors on how to address the proposed funding limitations while remaining sensitive to the needs and health of the African nation. Consider the various economic, political, moral, and health impacts for the United States citizens who may have some of the health medication diverted to the African nation. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials

Financial and Managerial Accounting

Order Description

You are a chief administrative officer for a large nonprofit health relief organization. A board of directors has requested that you prepare a summary of the issues and how to solve the health needs of an African country. Your organization has limited funding and will need to obtain subsidized medicine from major pharmaceutical companies. Your organization also has the opportunity to get non-generic, non-USDA approved, alternative stem cell derived medication from foreign sources. Prepare a report for the board of directors on how to address the proposed funding limitations while remaining sensitive to the needs and health of the African nation. Consider the various economic, political, moral, and health impacts for the United States citizens who may have some of the health medication diverted to the African nation. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials