HCA 620 What accounting data is required for you to write your CLC Business Plan?

Grand Canyon University HCA 620 What accounting data is required for you to write your CLC Business Plan?-Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University HCA 620 What accounting data is required for you to write your CLC Business Plan? assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for HCA 620 What accounting data is required for you to write your CLC Business Plan?                            

Whether one passes or fails an academic assignment such as the Grand Canyon University HCA 620 What accounting data is required for you to write your CLC Business Plan?  depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for HCA 620 What accounting data is required for you to write your CLC Business Plan?                          

The introduction for the Grand Canyon University HCA 620 What accounting data is required for you to write your CLC Business Plan?  is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for HCA 620 What accounting data is required for you to write your CLC Business Plan?                          

After the introduction, move into the main part of the HCA 620 What accounting data is required for you to write your CLC Business Plan?  assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for HCA 620 What accounting data is required for you to write your CLC Business Plan?                          

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for HCA 620 What accounting data is required for you to write your CLC Business Plan?                            

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

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Sample Answer for HCA 620 What accounting data is required for you to write your CLC Business Plan? 

Re: Topic 5 DQ 1

The financial plan of a business plan is probably the most important component of the document. The information contained in the document will either make the business plan effective or otherwise as it contains information that can influence lenders and other stakeholders (Boyd, 2018). Indeed, the financial data of a business plan is used to justify the whole proposal through the financial forecasts and statements. This data is employed by banks and investors to determine if the proposal is viable for them to be involved.

The financial data for the present CLC project on Ambulatory Service Center will entail data contained in the Chart of Accounts, General Ledger, and Accounting System. However, not all the components of the above will be used in the CLC business plan. Given the nature of the business, investors and banks will be interested in the viability of the project. To this end, financial data on the sales forecast will be paramount. Further, data on the projected income statements will also be important. Information regarding the projected operating revenues, operating expenses, non-operating revenues and gains as well as non-operating expenses and losses (Entrepreneur Media, 2015). All the above information will belong to the facility’s chart of accounts. Moreover, the above chart of accounts information may also be presented in a format called the general ledger. To this end, the liabilities and assets of the hospital in addition to the above information will be captured and they are all pertinent to the present business plan. Moreover, the personnel statements is equally important to the present business plan as it may point to the profitability of the venture.

Moreover, when creating the financial section of a business plan, not all the components of the Chart of Accounts, General Ledger, and Accounting System are significant. In order for a reader to clearly understand the financial concerns of the business, the information mentioned above needs to be integrated in a proforma balance sheet, which will summarize the information (Entrepreneur Media, 2015). The projected information in the balance sheet will then be summarized with highlight containing important information gleaned from the financial statements.

References

Boyd, K. (2018). Accounting all-in-one for dummies. Hoboken, NJ: John Wiley & Sons.

Entrepreneur Media. (2015). Write your business plan: Get your plan in place and your business off the ground. Irvine, CA.

Sample Answer 2 for HCA 620 What accounting data is required for you to write your CLC Business Plan? 

I agree with the sentiments contained in your discussion. The financial section of a business plan plays an important role in determining whether investors and stakeholders buy into the idea. In a business plan, the financial section of a business plan contains three important sections including the income statement, the cash flow projection, and the balance sheet (McKeever, 2016). The explanation and analysis of the three sections play an important role in selling the business plan proposal. The operating expenses of a business proposal is particularly important as the information helps potential investors to determine the profitability of a venture. Thus, the information becomes very invaluable.

References

McKeever, M. (2016). How to write a business plan. Nolo.

HCA 620 Topic 5 DQ 2 Sample Answer

Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data. Discuss how you might include this type of financial data in your CLC Business Plan. 

Strategic planning addresses the short-term and long-term goals of a business. The information contained in the strategic plan thus strives to explain the manner in which a business is going to achieve these objectives. In a strategic plan, the financial data essentially entails the description of the equipment, materials, resources, and activities necessary to achieve the objectives of a company. Therefore, in the present class’s business plan, several pertinent information from the strategic plan may be incorporated into the business plan (Barasa,  Molyneux, English, & Cleary, 2015). The amount of labor as related to physicians and surgeons has already been calculated. Therefore, in the business plan, information related to the total costs of hiring and maintaining the personnel will be included in the expenses of the plan’s balance sheet.  

Moreover, the identification of the cost as mentioned above will precede the creation of a budget. The functionality of the strategic planning tool as used in business plan has a value-chain analysis that entails activity based costing. The above tool will make the healthcare organization to determine its major costs using the balance sheet methodology. Therefore, the strategic plan helps a company to conduct future projections (Arend, Zhao, Song, & Im, 2017). Utilizing the information contained in such undertakings, the business plan for the organization will use the assessment to not only plan but also predict the future. As such, the financial information will help the health care organization to help control its financial performance. Therefore, it is possible to use the information from the strategic plan to make a business plan so as to control the finances of an organization in a strategic manner.  

References 

Arend, R. J., Zhao, Y. L., Song, M., & Im, S. (2017). Strategic planning as a complex and enabling managerial tool. Strategic Management Journal, 38(8), 1741-1752. 

Barasa, E. W., Molyneux, S., English, M., & Cleary, S. (2015). Setting healthcare priorities at the macro and meso levels: a framework for evaluation. International journal of health policy and management, 4(11), 719.