Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Budget and Finance

ATR-445

QuestionAnswer
Short term budgets Is the annual budget lasting 1 year, covers day to day expenses (operational/eqiupment/supply), possibly travel expenses and continuing education funds
What type of budget includes building projects or expensive items? Long term Budget
Whats unique about a Limited Budget? money is managed through the year, any extra is put into other parts of the organization
what type of budget rolls over left over money from the previous year? Roll over budget
What budget fractions the budget to specific sub areas? Program ex: 1/4 to ortho, 1/4 to supplies etc
What type of budget is ideal for opening clinics and why? the Variable budget allows for adjustments to monthly expenses based on monthly revenue
Describe zero based budget type: all budget items must be fully justified, provides comprehensive financial monitoring
Whats a fixed budget? the budget is set for a period of time (monthly or quarterly) and is adjusted as needed
Whats known as the flexible budget? the Variable budget allows for adjustments to monthly expenses based on monthly revenue
What is included in the operatinal budget? Salaries, Administrative costs, phone, supplies, office supplies
Equipment/Supplies budget is divided into what two catgories? Expendable and non expendable, annual services (calibration, recert, maintenance of machines)
Items that are reusable with a limited shelf life are known as? non expendable
Items that connot be reused are known as? expedable
Capital expenses are: large item or piece of equipment that exceeds the annual budget (machine, gator, whirl pool) ex. 5 year plan
7 Steps of budgeting process: planning, gathering data, analyzing feedback, present final plan, getting approval, implement the plan, evaluate the plan
During the planning phase what needs to be taken into consideration? past history, determining needs or what needs to be changes, and look at other sucessful programs for ideas
What stage of the budgeting process should your 'wish list' be made? gathering data, at this point review current inventory and anticipate future changes
When do you develop a justification for the request in your bugdet? Step 3: analyzing feed back, you develop a greater negotiation power
Things to know when Presenting the final budget: be prepared, know the audience, research current budget restrictions, graphs/charts/number projections
To get approval what must take place? tiered lecel approach for approval, final is approved by upper level administrators
When implementing the budget what do you need to know? develop proper inventory and purchasing procedure, avoid spending beyond budget, develop contingency plas for mid-cycle changes or needs
when does monthly,/quarterly/annual review of inventory become important? evaluating the budget
Created by: cwc2447
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards