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Title: Budgeting, planning and budgetary control at the Gozo general hospital
Authors: Meilaq, Joseph
Keywords: Budgeting
Gozo General Hospital (Victoria, Malta)
Medical care -- Malta -- Cost control
Issue Date: 2013
Abstract: PURPOSE: This study aims to give a clear picture of the current budgeting, planning and budgetary control procedures adopted at the Gozo General Hospital (GGH), together with proposals for changes leading to a better and more efficient hospital. The research gives an insight of the techniques used in order to obtain funding and to manage the use of funds. This will allow the researcher to analyse and comment on how the GGH could be improved to reach maximum efficiency and effectiveness for the benefit of patients and healthcare in Gozo. DESIGN: A qualitative approach was used in order to achieve the desired objectives. Semi-structured interviews were conducted with high ranking financial officials and officers at the GGH and the Directorate of Customer Services (DCS) within the Ministry for Gozo. Due to confidentiality purposes, with one exception, the names of all the personnel together with their respective roles will not be mentioned. FINDINGS: The GGH relies on a budgeting system were expenditure is mainly recorded on a cash basis and line-item transactions. Government funding is not directly allocated to the GGH, but is consolidated with other sections and sent to the DCS. The DCS has the power to allocate the GGH an amount which it deems fit. Moreover, revised estimates provide only financial control to the government. The new financial controller is proposing changes so that the structure, accounting and budgeting at the GGH could be more effective. The proposed accounting system will include financial and management accounting techniques so that budgeting could be more useful, effective and lead for the success of the GGH within the health sector. CONCLUSIONS: This study highlighted the importance of having a sound budgeting system built on a solid accounting system in order to provide accurate and detailed plans and to keep control of hospital costs and resources. However, the analysis indicates that the current budgeting system at the GGH is weak. A new accounting system is essential in order to provide management and accounting techniques to achieve better planning and control. VALUE: Owing to the conclusions reached, it is hoped that this dissertation will encourage further research especially within the area of budgeting, which would continue to eliminate inefficiencies and result in a strong financial health sector.
Description: B.ACCTY.(HONS)
Appears in Collections:Dissertations - FacEma - 2013
Dissertations - FacEMAAcc - 2013

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