Managing financial resources Essay

Rules and regulationsPlagiarism is testifying some eubstance elses work as your admit. It includes transcripting selective data directly from the Web or books without referencing the material moldting joint coursework as an individual effort copying other students coursework stealing coursework from a nonher student and submitting it as your draw off work. Suspected plagiarism impart be investigated and if found to flip occurred ordain be dealt with agree to the procedures set down by the College. Please follow finished your student handbook for further details of what is / isnt plagiarism.Coursework Regulations1 Students argon necessary to submit their coursework on-line finished online e-learning system http//stponline.org.uk. Detailed information about this is available in the student handbook submission 2 Details of submission procedures and penalty fees fuck be obtained from Academic government or the general student handbook. 3 Late coursework leave alone be accepted by Academic Administration Office and marked according to the guidelines given in your Student Handbook for this year. 4 If you need an telephone extension (even for one day) for a valid reason, you must request one, using a coursework extension request form available from the Academic Administration Office. Do not ask the lecturers responsible for the course they are not authorize to award an extension. The completed form must be accompanied by evidence such(prenominal) as a medical certificate in the event of you being sick. 5 General guidelines for submission of courseworka altogether work must be word- dealed and must be of good standard.b Document margins shall not be more than 2.5cm or less than 1.5cmc Font size in the range of 11 to 14 points distributed to including headings and body text. Preferred typeface to be of a common standard such as Arial or Times New Roman for the main text.d Any computer files generated such as programme code (software), graphic file s that form part of the course work must be submitted any online with the documentation.e The copy of the course work submitted may not be returned to you after marking and you are advised to have your personal copy for your reference.f All work completed, including any software constructed may not be used for any purpose other than the purpose of mean study without prior written permission from St Patricks International College.Outcomes and perspicacity requirements appellative titleManaging Financial Resources in the wellness and Social give deal out Organisations CARETECH guardianship PLS eruditeness Outcome (LO)Assessment CriteriaIn this estimate you ordain have the opportunity to present evidence that shows you are able to LO1 depute 1 get wind how systems are used to manage financial resources in health and cordial care1.1 D2Explain the principles of be and business mark systems1.2Identify information needed to manage financial resources1.3 M1Explain the re gulatory requirements for managing financial resources1.4Evaluate systems for managing financial resources in a health or care governing body LO2 TASK 2Understand the role of training in the management of health and loving care budgets 2.1 M3Discuss the various(a) sources of income that may be encountered in health and neighborly care2.2 D1examine the factors that may influence the availability of financial resources in health and mixer care organisations2.3Review different types of budget up recurrence in health and social care organisations2.4Evaluate how decisions about expenditure are do within a health or social care organisation LO3 TASK 3Understand the importance of monitor budget expenditure in health and social care organisations 3.1 D3Explain how financial shortfalls can be managed3.2 M3Explain the actions to be taken in the event of pretend fraud3.3 D2Evaluate budget monitoring arrangements in a health or social care organisation LO4 TASK 4Understand how syste ms and processes for managing financial resources influence health and social care operates.4.1 D3Identify information required to enlighten financial decisions relating to a health and social care benefit4.2Analyse the relationship between a health and social care service delivered, costs and expenditure4.3 M1Evaluate how financial considerations pretend upon an individual using the health and social care service4.4 D1 send word ways to make better the health and social care service through changes to financial systems and processesLearner declarationI certify that the work submitted for this denomination is my own and research sources are fully ac friendshipd.Student signature epochIn addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and greenback grades Grade DescriptorIndicative characteristic/sContextualisationM1Identify and retain strategies to find charm solutionsAn effective app roach to study and research has been employ You will discuss at least(prenominal) three (3) financial considerations that fix and influence funding of care cost in a nurse and residential home (LO 4.3)Make effective judgment on the squeeze of regulators on the quality of care in the NHS state at least two regulators and explain their roles (LO 1.3)M2Select/design and apply appropriate methods/techniquesA range of sources of information has been usedTo achieve M2, you will have to identify all references and sources of material used both for in-text citation and reference page. You will follow the Harvard referecing style through out your assignment.M3Present and communicate appropriate findingsCoherent, logical development of principles/concept for the intended audience The answer should exist of the at least 2 subheadings fully explained (i) The red flags of fraud (ii) Actions to take in the event of fraud (LO 3.2)Explain the meaning of tecchical terms and functions in the H ealth organsiation (CCG, Capitation, Private equity) as you discuss the various sources of income for health and social care organisation (LO 2.1)D1Use critical reflection to evaluate own work and justify valid conclusionsConclusion arrived at through tax deduction of ideas & justicfiedYou will explain and justify the various scheme proposed to improve the health care delivery by changes in the financial systems (LO 4.4)You will discuss the factors that mostly affect and influence availability of resource and purport how health and social organisation can use that to their advantage (LO2.2)D2 shorten responsibility for managing and organising activitiesThe importance of interdependence recognised and achievedYou will demonstrate with diagram and table, the budget monitoring arrangement. You will need to provide clear radio link of the process (LO 3.3)You will identify and explain the six NHS approve be guidiance. State and explain the categories of cost (e.g Fixed/Variable D irect/Indirect) and costing concept (cost centre, cost object and cost unit (LO 1.1)D3Demonstrate oblique/lateral/ creative thinkingInnovation/Creative thought have been appliedReview the financial statements (Balance sheet & Profit and loss) and batch out at least seven types of information needed to make decision in CareTech (LO 4.1) You need to present the best practice in the health sector in managing financial shortfall. A reference should be made to an innocative way used in the NSH (LO 3.1)Assignment briefAssignment titleManaging Financial Resources in the health and Social Care Organisations CARETECH HOLDING PLS Purpose of this assignmentThe health and social act 2012 requires health practionals and social care managers to be more innovate, more productive and more accountable while delivering the NHS, Adult Social care and Public health outcomes (quality, safety device and patient experience)By carring out this assignment learners will be furnished with the know ledge and understanding needed to monitor costs, make predictions, evaluate the process of effective control of resource allocation, including shortfalls, and make recommendations for expenditure in health and social care organisationScenarioYou are one of the home managers for CareTech dimensions PLC, a leading UK provider of specialist social care services. You have been invited to present a key out to the Directors of the company, MONITOR-NHS and some CCG representatives as part of government reexamination and monitoring of your care homeThis report is aimed to demonstrate your understanding and knowledge in Planning and managing budget in your home, it will show your skills in resource control and managing shortfall with your ability to make prediction and make recommendation for the future expenditure in CareTech Holding PLCYour report should hug and incorporate all the task and learning outcomes below (3,000 words)You should refer to the assessment criteria and the relevan t unit content, when preparing your evidence of assessment.You can access the Annual report of CareTech Holdings PLC for 2013 athttp//www.caretech-uk.com//media/Files/C/Caretech-UK/press-release/pr-2013/2013-preliminary-results.pdfor the condenced version of the annual report on STP online Assignment Folder sectionLearning outcome 1 (1.1, 1.2, 1.3, 1.4) M1, D21.1Explain the principles of costing and business control systems that may be adopted in CareTech Holding PLC. D21.2 What were the information needed to manage financial resource for CareTech Holding PLC in 2013 financial ending?1.3 What regulatory requirements need to be squelched while managing financial resources in CareThech Holding PLC? M11.4 Evaluate the systems for managing financial resources in CareTech Holding PLC ?Learning outcome 2 (LO 2.1, 2.2, 2.3, 2.4) M3 and D12.1 What are the diverse sources of income avaialabe to CareTech PLC in the financial year in 2013? M32.2 Analyse the factors that may influence the avai lability of financial resources in CareTech PLC? D12.3 Review different types of budget expenditure in CareTech PLC.2.4 Evaluate how decisions about expenditure could be made in CareTech PLCLearning outcome 3 (LO 3.1, 3.2, 3.3) M3, D2 and D33.1 Assuming there was financial shortfall in CareTech PLC explain how this situation could be managed? D33.2 What action you would take if you suspect fact of financial fraud in your organisation? M33.3 Evaluate budget monitoring arrangements in CareTech PLC. D2Learning outcome 4 (LO 4.1, 4.2, 4.3, 4.4) M1, D1, and D34.1 Identify information required to make financial decisions relating to CareTech PLC D34.2 Analyse the relationship between care service delivered and costs and expenditure.4.3 Evaluate how financial considerations impact upon a service user. M14.4 Suggest ways to improve the care service provided by CareTech PLC through changes to its financial systems and processes. D1