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Management Accounting in Health Care Organizations, 3rd Edition by David W. Young

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CHAPTER 8 Programming

Learning Objectives

On completing this chapter, you should know about
  • The meaning of the terms payback period, net present value, and internal rate of return and their role in programming
  • The issues involved in choosing a discount rate for assessing a capital project
  • The impact of political and behavioral matters on the choice of capital projects
  • The issues associated with undertaking a benefit-cost analysis, especially when it involves quantifying the value of a human life

Chapter 6 briefly described two aspects of planning in a responsibility accounting system: programming and budgeting. These represent long-range and short-range planning activities, respectively. In the programming phase of the management control ...

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