Putting Together And Managing A Capital Budget
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Putting Together And Managing A Capital Budget
Prepare a 4-5 page capital budget for a significant capital purchase.
Note: Complete all of the assessments in this course in the order that they are provided.
The emphasis on significant acquisitions as part of the capital budget in today’s health-care setting has stressed the need for newer and better technology. While there has always been a need to invest in capital equipment and technology, the nursing profession also requires a safe and comfortable working environment.
This evaluation will allow you to create a capital budget for a major facility enhancement that will benefit patients, nurses, and the organization.
The majority of nurse leaders work with operating budgets, but they will also have a say in capital expenditures. A capital budget is normally created independently from the operational budget and is used to acquire products that are referred to as big-ticket items and would improve an organization’s capacity or services. Capital budgets may, for example, cover the purchase of land for the future location of a new outpatient surgery center, the construction of a new facility or the build-out of an existing building for renovation, or the replacement of obsolete equipment.
It’s crucial to keep in mind that health care is a big industry. While patient care and safety are top considerations for health care practitioners, health care organizations must follow a business model in order to stay afloat financially. You may have a role to play in setting a capital budget to improve care at any level as a nurse leader or executive. A rapidly changing health-care environment also need nurse leaders with financial management and budgeting abilities to guarantee that major capital expenditures support the organization’s mission and goals.
Please complete the exams in the order that they are provided in this course.
Preparation
It’s time to draft your annual capital budget as the unit manager of a 50-bed step-down unit. In the last three years, you’ve had a lot of turnover in your nursing staff; a review of departure interviews and patient surveys reveals low nurse satisfaction, low morale, and complaints about an outmoded and gloomy work atmosphere. You’ve done your study on the effects of a healthy work environment on employee productivity and morale, and you’ve chosen to request that the nurses’ lounge be renovated as the main item on your capital budget. Your request will be presented as an investment in quality improvement.
You might want to consider other connected subjects as you prepare to complete this evaluation to expand your comprehension or extend your perspective. Consider the following questions and talk about them with a fellow learner, a coworker, an interested friend, or a member of your professional community. These questions are for your personal development and exploration alone, and they are not required to be completed or submitted as part of your assessment.
How would you go about putting together a capital budget? What measures, for example, would you need to take?
What kind of resources would you use?
Will you work with other executives or employees?
How will you connect the capital expenditure vision to the mission and goals of the organization?
What hurdles do you see in explaining a capital budget to an organization’s administrative leaders?
What criteria could a health-care institution or service provider use to assess the return on a capital investment?You can also utilize a budget format that your company uses or one that you find in the course materials or on the Internet.
Describe the process of acquiring capital.
Demonstrate the requirement for the capital purchase.
Make a capital budget plan.
Describe the cost-calculating procedure.
Prepare a budget management strategy.
Explain how the capital purchase will effect the company’s financial health.
Present statistics and information about the budget in a simple and correct manner.
Integrate relevant and reputable sources of evidence to back up your budget facts and information, using citations and references formatted correctly in accordance with current APA style.Additional Conditions
If you made your budget table in Microsoft Excel, include the Excel file with your budget story. You can also insert the Excel file as an embedded object into your Word document.Use the APA style to format your budget.
To assist you in creating and structuring your budget, use the APA Style Paper Template [DOCX] mentioned above. Include the following:
A title page and a reference page in APA format. It is not necessary to submit an abstract.
Five properly prepared citations and references are required.
Without the title page and reference page, your budget should be 45 pages long.Measurement of Competencies
You will demonstrate your proficiency in the following course competencies and evaluation criteria by successfully completing this assessment:Develop a capital budget (Competency 3).
Describe a capital purchase.
Make a budget for capital expenditures.
Describe the cost-calculating procedure.
Determine the equipment and services required to provide consistent patient or client care.
Demonstrate the requirement for a capital purchase.
Competency 5: Apply financial principles to a strategic plan in order to meet company objectives and achieve financial success.
Prepare a budget management strategy.
Explain how a capital purchase would effect the company’s financial health.
Competency 6: Communicate effectively with a variety of audiences in a format and style that is appropriate for the organization, professional, and scholarly norms.
Present statistics and information about the budget in a simple and correct manner.
Integrate relevant and reputable sources of evidence to back up your budget facts and information, and use APA style to properly write citations and references.
RUBRIC FOR GRADING:1- Describe the process of acquiring capital.
Passing Grade: Describes a capital acquisition and specifies the assumptions used to develop the strategy.
2- Demonstrate why a capital purchase is necessary.
Passing Grade: Justifies the need for a capital purchase and describes the benefits and drawbacks of the proposed upgrades objectively.
3- Put together a capital budget.
Passing Grade: Creates a capital budget and identifies areas of ambiguity, knowledge gaps, and/or missing data that could improve the plan.
4- Describe the cost-calculating procedure.
Passing Grade: Explains how to calculate costs, flagging any data that is suspect, and explains how differences may affect computations.
5- Outline a budget management strategy.
Passing Grade: Presents a budget management strategy, including the assumptions that underpin the strategy.
6- Describe how a capital acquisition will affect an organization’s financial health.
Passing Grade: Describes how a capital acquisition will impact an organization’s financial health and indicates areas of ambiguity or knowledge gaps.
7- Clearly and accurately provide budget statistics and information.
Passing Grade: Provides clear and accurate budget statistics and information. Uses correct grammar and mechanics to express main points succinctly.
8- Use relevant and reputable sources of evidence to back up budget statistics and information, properly formatting citations and references in accordance with current APA style.
Passing Grade: Uses relevant, reliable, and persuasive evidence to back up budget statistics and information. The sources are up to date, and the citations and references are flawless.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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