| The manager and equipment decisions: the capital budget. | |
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MedLine Citation:
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PMID: 22042144 Owner: NLM Status: In-Data-Review |
Abstract/OtherAbstract:
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As part of his or her role in preparing a departmental budget, a manager must often become involved in budgeting for capital expenditures, those purchases that are of a type and sufficient dollar value to be capitalized and depreciated. Depending on the value of a proposed purchase, the department manager may have only a partial voice in the process; some significant purchases will require administrative approval, whereas some major acquisitions will require approval by the board of directors. Planning for possible capital purchases should begin well before the start of the annual budget exercise. Listing a capital item in the department's budget request does not imply approval; often, there are many more "needs" than there are capital funds available. Therefore, there must be a consistent process for identifying the proposed purchases that will be funded, such process necessarily including detailed specification of the need for a particular capital purchase, identification of all reasonable alternatives, consideration of any constraints, detailed financial comparison of alternatives, assessment of intangible factors, and a recommended choice. |
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Authors:
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Charles R McConnell |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: The health care manager Volume: 30 ISSN: 1550-512X ISO Abbreviation: Health Care Manag (Frederick) Publication Date: 2011 Oct |
Date Detail:
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Created Date: 2011-11-01 Completed Date: - Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 100896672 Medline TA: Health Care Manag (Frederick) Country: United States |
Other Details:
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Languages: eng Pagination: 361-71 Citation Subset: H |
Affiliation:
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Author Affiliation: Health Care Management and Human Resources Consultant, Ontario, New York. |
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From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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