Management Accounting Assignment
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I am doing a school assignment which I need help! It's management accounting related! Question as below:
CASE REQUIREMENTS
Prepare a short report [2 pages in length] adressing the following:
Provide an outline of the public healthcare system in Singapore and explain the role of budgeting in this setting. For example, you might like to consider some or all of the following: What types of budgets are used in Singapore hospitals? Are they different to other parts of the world? What would be the daily budgeting and performance monitoring activities? What challenges do you foresee because of this budgeting process? In your discussion, highlight the role accounting can play in ethical decision making. [500-800 Words]
Prepare a flexible budget and evaluate the effectiveness of hospital management by calculating the market-related variances (market size, market share and product mix) from the information provided in the case. Discuss your findings. [200 Words]
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