financial planning and budgeting

Instructions

What are the advantages and disadvantages of conventional budgeting versus zero-based budgeting?What organizational characteristics create likely candidates for zero-based budgeting?If you were the CEO of Bayside Memorial Hospital, would you advocate a top-down or a bottom-up approach to budgeting? Explain your rationale.please answer the following in apa format. 1 page is abstract, 3 pages are content (intro,body,conclusion)please go over the attached powerpoints and take direct quotes from them only! and use in text ciation. example :  "................" (......,.....). Please only use one other outside source, and again only use direct quotes throughout paper. the attached power points are created using this book :HEALTHCARE FINANCE: An Introduction to Accounting & Financial Management Sixth Edition, Louis C. Gapenski & Kristin L. ReiterSo my reference and citing throughout should be this for chapter 7 and 8.

Answer

FINANCIAL PLANNING AND BUDGETINGAbstractPlanning and budgeting are significant financial records used in keeping records of the money used in an organization. Planning and budgeting are useful to companies, organizations and other businesses since it makes short and long term projects. Planning is essential since it helps one know where they want a trade to be in the future by considering the present. Budgeting helps solve business problems by providing the right way of identity crises and motivating businesses to reach their goals. They are different steps one should follow when budgeting and planning. One should set realistic goals that will help in managing money and in making fair use of it. One should identify the income and expenditure and separate needs and wants to have good planni...
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