Homework: Transactions Outside the Operating Budget
Requirements:
Homework "Transactions Outside the Operating Budget".
This homework requires 1 to 2 pages (Excluding Title and Reference Page).
Scenario: Metropolis Health System has received a wellness grant from the charitable arm of an area electronics company. The grant will run for twenty-four months, beginning at the first of the next fiscal year. Two therapists and two registered nurses will each be spending half of their time working on the wellness grant. All four individuals are full-time employees of MHS. The electronics company has only recently begun to operate the charitable organization that awarded the grant. While they have gained all the legal approvals necessary, they have not yet provided the manuals and instructions for grant transactions that MHS usually receives when grants are awarded. Consequently guidance about separate accounting is not yet forthcoming from the grantor.
Use below points as a template within your paper:
a. Summarizes the situation (One paragraph (4-6 sentences)
b. Discuss in detail, how you would handle this issue on the MHS Operating Budget for next year. (Two paragraph (4-6 sentences)
c. Explain a minimum of ONE option that can be the solution to the problem (i.e., separate accounting versus consolidated accounting). (Two paragraph (4-6 sentences).
d. Discuss if there is leadership (guidance) or no leadership (guidance). (One paragraph (4-6 sentences)
e. Explain if the issue should be handled either as separate or consolidated. (One paragraph (4-6 sentences)
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.