CASH BUDGETING PLANNING AND FORECASTING PANDEMIC ERA IN HOSPITAL M (CASE STUDY)

Abstract

Purpose: This research aims to find out how planning, budgeting, and forecasting cash budget in the pandemic era at M General Hospital because the cash budget has a great role in maintaining the stability of incoming and outcoming cash which has an impact on hospital operations. Methods: The type of this research is a combination of qualitative and quantitative research. Data collection techniques with the interview, observation, and supporting data are used to analyze the cash budget planning, budgeting, and forecasting in the pandemic era at M General Hospital. Analysis data: The data were analyzed in 2 steps, the first step was collecting the previous year’s financial data which will be used to arrange cash budgeting. From the data that has been compiled, forecasting will be carried out using the Exponential Smoothing method which will produce data for the next year. The second step was interviewing the hospital chief and budget maker committee. Result and discussions: The forecasting results describe cash position prediction and, estimate surplus/deficit to prepare the management for making cash utilization decisions. Conclusion: It is recommended to arrange cash budgeting to maintain cash balance which has an impact on the hospital’s operations. It also can be considered for further researchers to use different methods to achieve better results.