Trends Analysis, Common Sizing and Forecasting

  1. Review table 14-5 (p.152) operating room operating data and choose 3 expense items that look interesting
    to you. Take special note to the expenses that have the most % change.
    a. Complete and show the math (even though it is completed for you) the common sizing (vertical) % of all
    three you chose.
    b. Complete and show the math (even though it is completed for you) the trend analysis (horizontal) % of all
    three you chose
    c. Develop some questions you would want to ask of why such a variance between comparative expenses
    from current year and prior year ( remember you are not the accountant or the manager to solve the issue but
    the investigator to control these management issues).
  2. Are you or your immediate supervisor involved with staffing decisions? If so, are you aware of how staffing
    forecasts are prepared in your organization? Describe an example
  3. As a manager, you must either review or prepare required data, your responsibility is to recall and apply the
    elements of consistency. Why?
  4. If you reviewed a budget at your workplace do you think the major increases and decreases could be
    explained? Why or why not?

Sample Solution

ACED ESSAYS