Remove Accounts Remove Accounts Payable Remove Revenue Remove Staffing
article thumbnail

HR Finance 101: A Guide To Finance for HR

AIHR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. They need to understand finance and accounting to make a difference as strategic partners in the planning and management of a large organization. Transaction.

Cash Flow 117
article thumbnail

Capital Expenditure Budget Examples In The Healthcare Management Industry

Walk Me

For example, a small hospital may lose revenue to a neighboring hospital with several MRI scanners. The cost of the scanner would then be set against the potential increase in revenue and lead to a decision-making outcome. Accountability becomes a more expansive part of healthcare management every year. Financing decisions.

Manager 52