Expense Forecasting And Benchmarking
Week 9
Expense Forecasting And Benchmarking Week 9
You will begin this assignment in Week 9 and it will be due by Day
7 of Week 10.
Throughout this course, you’ve examined the importance of
anticipating financial fluctuations that may impact your
organization’s ability to provide services. While financial managers
have no time machines or crystal balls, they do have expense
forecasts. Expense forecasting is one of the preeminent tools that
financial managers can use to prepare their organizations for
future fiscal turbulence. In this Assignment, you will examine a
scenario and generate a corresponding expense forecast in Excel.
Before pursuing an opportunity or making a major purchase,
financial decision makers must first ascertain if the expenditures
are justified. Determining whether a new process, system, or
purchase will yield worthwhile returns is no easy task. However,
managers have a variety of tools to help them decide whether the
new expenditure is warranted. Analyzing a venture’s benefit/cost
ratio, marginal profit and loss statement, and break-even points
enable nurse managers to make educated decisions about how
they choose to commit their funds.
Note: For those Assignments in this course that require you to
perform calculations you must:Use the Excel spreadsheet
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