Background of the Study
Healthcare services in Balanga Local Government Area (LGA) are critical for improving public health and wellbeing. The management of healthcare expenditures, particularly in public health institutions, is essential for ensuring that funds are used effectively to meet the needs of the population. Cost accounting methods help track and control healthcare expenditures by identifying areas where inefficiencies occur and providing data for better decision-making (KPMG, 2017).
This study will explore the role of cost accounting in tracking healthcare expenditures in Balanga LGA, with a focus on improving financial oversight and accountability in the healthcare sector.
Statement of the Problem
Healthcare institutions in Balanga LGA often face challenges in managing and tracking expenditures due to limited financial resources and lack of proper cost accounting practices. Without effective monitoring, there is a risk of overspending and mismanagement of healthcare funds. This study investigates the role of cost accounting in improving expenditure tracking and enhancing accountability in healthcare institutions.
Aim and Objectives of the Study
The aim of this study is to examine the role of cost accounting in tracking healthcare expenditures in Balanga LGA.
The objectives are:
Research Questions
Research Hypotheses
Significance of the Study
The study will help healthcare managers and policymakers in Balanga LGA understand the importance of cost accounting in tracking healthcare expenditures. The findings will guide the development of better financial management practices in public healthcare institutions.
Scope and Limitation of the Study
The study will focus on healthcare institutions in Balanga LGA. Limitations include potential difficulty in accessing detailed financial records and the reluctance of health administrators to share sensitive data.
Definition of Terms
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