Budget preparation and implementation

The document discusses hospital budget preparation. It defines a budget as a tool for hospital administration to review hospital services in a comprehensive financial plan. The objectives of a hospital budget are to develop standards, compare actual results to standards, identify deviations, analyze deviations, monitor financial activities, estimate costs of objectives, improve financial planning, focus decision making, and effectively manage finances. A budget includes income/revenue accounts, expenditure accounts, and requests for capital investments. The preparation process involves assumptions from administration, contributions from departments, hearings, preliminary budgets, and approval. Factors like local conditions, management policy, and authority confidence can influence the budget.