PROCEDURES: Should be available in budget Their time and energy to the budgeting process. Budgeting is done at theĭepartmental level, it must be valued by topĪdministration. Providing budgetary control for evaluation asīudgetary programme. Historical data that are valuable for planning and Revenues and expensesĪre reported by responsibilities areas, thus providing
CHARTS OF ACCOUNTS: Designed to be consistent. Percentage of occupancy and number of patient’s days. Number of admissions, average length of stay, Organizational structure with clear line of authority Provides means for measuring and recording financial Helps to identify problem areas and facilitates effective 
Allows feedback of utilization of budget.
Offers a useful format for communicating fiscal. Clearly recognizes controllable and uncontrollable cost Enhances fiscal planning and decision making. Mechanism for translating fiscal objectives into Operation of an enterprise in monetary terms. Expressed in financial terms and basedīudgeting is a concrete precise picture of the total Used for planning and budgetary processīudgeting is an operational plan, for a definite period NON-MONETARY STATISTICAL DATA: Such as number of admissions, average length of stay, percentage of occupancy and number of patient’s days. PERQUISITES OF BUDGETING: ORGANIZATIONAL STRUCTURE: Need a sound organizational structure with clear line of authority and responsibility. Provides means for measuring and recording financial success with objectives of organization.ĥ. Helps to identify problem areas and facilitates effective solution. Offers a useful format for communicating fiscal objectives. 
Clearly recognizes controllable and uncontrollable cost areas.Ĥ. PURPOSE OF BUDGETING: Mechanism for translating fiscal objectives into projected monthly spending pattern. Or Budgeting is a concrete precise picture of the total operation of an enterprise in monetary terms.
Expressed in financial terms and based on the expected income and expenditure. DEFINITION: Budgeting is an operational plan, for a definite period usually a year.
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