ASSIGNMENT | Which budget analysis is most important to a department, and why?

The healthcare manager, department director, and administrators all need to be aware of the budgeting costs and calculations to project future budgets and remain fiscally responsible for their departments or the facility. Which budget analysis is most important to a department, and why?
Your journal entry must be at least 200 words in length. No references or citations are necessary.

SAMPLE SOLUTION

Budget analysis is an essential planning and control instrument for an organization’s finances. It allows those in management to track, plan, organize, and improve the facility’s financial situation by making changes whenever necessary. Being fiscally responsible helps to protect the facility from the misuse of money and resources, while ensuring that they have everything they need to run the organization effectively. It….