Capitalizing strategic planning costs to recognize future value.
As healthcare organizations devote more resources to strategic planning, financial managers should consider capitalizing, rather than expensing, planning costs. Traditionally, healthcare organizations have absorbed these costs in the year a plan is developed. However, a strategic plan may be viewed as an intangible asset that provides the organization with future benefits. Therefore, its costs can be amortized over the plan's life.
Meeting
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Cleveland State University, OH, USA.
Luecke
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D000066:Accounting / Q000379:methods*; D003361:Cost Allocation / Q000379:methods; D005377:Financial Management, Hospital / Q000379:methods*; D017721:Hospital Costs; D006752:Hospital Planning / Q000191:economics*; D010934:Planning Techniques; D014481:United States