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Variance analysis. Part II, The use of computers.
1Robert F. Wagner Graduate School of Public Service, New York University, New York City.
The Journal of Nursing Administration
|September 1, 1991
Summary
This article explores how nurse managers can use computers to analyze budget variances. It details calculating, understanding, and justifying financial variances for better healthcare management.
Area of Science:
- Healthcare Management
- Financial Analysis in Nursing
Background:
- This study follows a previous article on flexible budgeting and variance calculation.
- Previous work covered price, quantity, volume, and acuity variances.
Purpose of the Study:
- To examine the role of computers in variance analysis for nurse managers.
- To provide guidance on calculating, understanding, and justifying budget variances.
Main Methods:
- Focuses on the application of computer tools for variance analysis.
- Builds upon flexible budgeting principles discussed in prior research.
Main Results:
- Computers facilitate the complex calculations involved in variance analysis.
- Technology aids nurse managers in interpreting and justifying financial deviations.
Conclusions:
- Computer utilization enhances the efficiency and accuracy of variance analysis for nurse managers.
- Effective variance analysis, supported by technology, is crucial for sound financial stewardship in nursing.