Explain the methodologies and processes used in preparing budgets for health care organizations.

Paper , Order, or Assignment Requirements Unit Outcomes Addressed in this Assignment: • Describe the key components of a financial plan • Define financial and strategic planning • Explain the difference between a simple budget and a flexible budget • Describe the use of variance analysis in the budget creation process Course Outcome assessed/addressed in this Assignment: HS440-5: Explain the methodologies and processes used in preparing budgets for health care organizations.