C. Your role is as the chief operating officer of a large non-profit hospital.
Prepare an 8 to 10 page paper, plus references, on the following topic:
You are in the role of a chief operating officer. The board of directors has requested that you prepare a summary of the issues involved in a $50 million expansion. Because of local political issues and the uncertainty of the financial policy of recently elected U.S. officials, they may have to scale the expansion back to $25 million.
Prepare a report for the mayor and city council on your proposed expenditure plan reflecting on the key course objectives. In this report, you should accomplish the following tasks:
o Examine the differences between the public and private sector accounting principles.
o Integrate fund accounting and financial controls.
o Assess the approaches of control and management of public expenditures with a recommendation of the best approach.
o Explain government financial reporting requirements
o Analyze financial statements and budgets to make appropriate administrative decisions, and apply the budgets as a disciplinary process.