| | Description | | A Cost Allocation Module is needed between the various departments and units in the Hospital , to help in stabilizing the cost of services rendered to the community |
| 1 | | Provide Allocation of actual or budgeted amounts | | 2 | | Provide Allocations to accounts: expense, income, asset , liability, capital , other | | 3 | | Provide Allocations to centers : responsibility, cost, departments, profit, other | | 4 | | Provide allocations to user-defined areas | | 5 | | Provide multiple calculation code tables | | 6 | | Provide labor , equipment, overhead rates | | 7 | | Provide parameters to link rates to operations | | 8 | | Provide item and item group level surcharges: fixed amounts, percentage of total costs, percentage of added costs, percentage of selected total/added costs | | 10 | | Support subcontracting and corresponding rates per individual calculation code | | 11 | | Support automatic generation of surcharge based on surcharge base quantities | | >>> Cost Allocation Definition | | | | 12 | | Provide cost pool dimension codes and types | | 13 | | Provide user defined allocation codes for all allocation activities | | 14 | | Provide Allocation code for posting results to General Ledger | | 15 | | Provide Allocation codes for defining cost dimension types | | 16 | | Provide Allocation codes for budgets | | 17 | | Support Simulation of multiple cost allocation codes | | 18 | | Provide Cost driver types: system master data, production/distribution data | | 19 | | Support Automatic cost driver updates | | 20 | | Provide user defined cost categories of grouped ledger accounts | | 21 | | Ability to transfer of ledger account amounts to cost categories: total, partial transfer | | 22 | | Provide user defined activities | | 23 | | Provide user defined cost object made up of activities | | 24 | | Provide analysis of activities consumed in each cost object | | >>> Cost Allocation Process | | | | 25 | | Ability to allocate by quantity statistics, amounts , percentages | | 26 | | Provide formula based allocation: factors – unlimited , statistical , fixed amounts , period-to-date | | 27 | | Provide cost category allocation of costs from one dimension code to another | | 28 | | Provide source and target dimension codes of differing dimension types | | 29 | | Provide cost allocation between different pool dimension types | | 30 | | Ability to post cost allocation results to general ledger | | 31 | | Provide cost allocation via sequential close out, simultaneous close out | | 32 | | Provide multiple allocation methods: percentage, volume or statistic, weighted average, standard cost, direct allocation, combination of above | | 33 | | Allocation reports document to-from sequence, from-to sequence | | 34 | | Provide multiple step allocation, first to account then to reports | | 35 | | Ability to mass allocate actual balances, budget balances | | 36 | | Provide allocation source : group of accounts/departments | | 37 | | Provide allocation results : direct posting with audit report | | 38 | | Provide allocation results : journalized for posting | | 39 | | Ability to allocate for reporting purposes only – no posting | | 40 | | Ability to allocate using actual data, budget data , historical actual , historical budget | | 41 | | Ability to define allocation factors/processing and retain for future/recurring use | | 42 | | Possibility to reallocate | | 43 | | Maintain history of allocations for comparative reporting | | 44 | | Ability to perform fixed or variable percent allocation calculations or use fixed amounts | | 45 | | Ability to reverse allocation results, without rerunning allocations | | 46 | | Types of Allocations :- Fixed percent | | 47 | | Types of Allocations :- Variable percent ( based on changing values , such as head count) | | 48 | | Types of Allocations :- Fixed amount | | 49 | | Allocations of Earmarked donations | | 50 | | Layered or step-down ( one allocation is the input for another allocation ) | | 51 | | Multiple method ( allocation part based on one factor and the rest based on another factor ) | | 52 | | Cost allocation results by various combinations of accounts / cost centers | | 53 | | Ability to display budgeted versus actual allocations | | 54 | | Ability to inquire by cost center or in summary | | 55 | | Report allocation results | | 56 | | Report allocation from current period results, quarter-to-date results, semi-annual results, annual results | | 57 | | To-from and from-to allocation control reports | | 58 | | Allocation distribution definition report | | 59 | | Posted allocation control report | |