Managing financial resources Essay

Rules and regulationsPlagiarism is presenting some carcass elses work as your have got. It includes duplicateing cultivation directly from the Web or books without referencing the material biasting joint coursework as an individual effort copying some other students coursework stealing coursework from a nonher student and submitting it as your consume work. Suspected plagiarism bothow be investigated and if found to have occurred exit be dealt with check to the procedures set down by the College. Please cop your student handbook for further details of what is / isnt plagiarism.Coursework Regulations1 Students ar required to submit their coursework on-line done online e-learning system http//stponline.org.uk. Detailed development to the highest degree this is available in the student handbook submission 2 Details of submission procedures and penalty fees grass be obtained from Academic regime or the general student handbook. 3 Late coursework give be accepted by Acad emic Administration Office and marked according to the guidelines given in your Student Handbook for this course of instruction. 4 If you need an file name 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 classic 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 every last(predicate) work must be word- movemented 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 ), pictorial files that form part of the course work must be submitted each online with the documentation.e The copy of the coursework 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 intend study without prior written permission from St Patricks International College.Outcomes and appraisal requirements assigning titleManaging fiscal Resources in the wellness and Social look at Organisations CARETECH HOLDING PLS eruditeness Outcome (LO)Assessment CriteriaIn this assessment you will have the opport building blocky to present evidence that shows you are able to LO1 parturiency 1 ensure how systems are used to manage monetary resources in wellness and fond distribute1.1 D2Explain the principles of costing and air go through systems1.2Identify selective information needed to manage financial resources1.3 M1Explain the regulatory requirements for managing financial resources1.4Evaluate systems for managing financial resources in a wellness or concern brass section LO2 TASK 2Understand the role of cookery in the management of health and fond awe budgets 2.1 M3Discuss the several(a) sources of income that may be encountered in health and hearty care2.2 D1 canvas the factors that may influence the availability of financial resources in health and social care organisations2.3Review different types of budget economic consumption in health and social care organisations2.4Evaluate how decisions about intake are do within a health or social care organisation LO3 TASK 3Understand the importance of monitoring budget expenditure in health and social care organisations 3.1 D3Explain how financial shortfalls can be managed3.2 M3Explain the actions to be posen in the event of surmise hypocrite3.3 D2Evaluate budget monitoring arrangements in a health or social care organis ation LO4 TASK 4Understand how systems and processes for managing financial resources influence health and social care services.4.1 D3Identify information required to make financial decisions relating to a health and social care service4.2Analyse the relationship between a health and social care service delivered, costs and expenditure4.3 M1Evaluate how financial considerations encroachment upon an individual using the health and social care service4.4 D1suggest manners to improve the health and social care service through changes to financial systems and processesLearner declarationI certify that the work submitted for this engagement is my own and research sources are fully acknowledged.Student signature fightIn addition to the above PASS criteria, this appointee gives you the opportunity to submit evidence in order to achieve the following MERIT and short letter grades Grade DescriptorIndicative characteristic/sContextualisationM1Identify and hope strategies to find with draw solutionsAn effective approach to study and research has been employ You will converse at to the lowest degree three (3) financial considerations that expunge and influence funding of care cost in a nursing and residential home (LO 4.3)Make effective judgment on the contact 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 remark 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/ excogitation for the intended audience The answer should constitute 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 Health 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 synthesis 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 suggest how health and social organisation can use that to their advantage (LO2.2)D2Take 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 link of the process (LO 3.3)You will identify and explain the six NHS approve costing guidiance. evoke and explain the cate gories of cost (e.g Fixed/Variable Direct/Indirect) and costing concept (cost centre, cost object and cost unit (LO 1.1)D3Demonstrate convergent/ squint/ creative thinkingInnovation/Creative thought have been applyReview the financial statements (Balance sheet & Profit and loss) and draw 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 firmament inmanaging 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, bounteous Social care and Public health outcomes (quality, safety and patient experience)By carring out this assignment learners will be equipped with the knowledge and intellectual needed to monitor costs, make predictions, evaluate the process of effective concord of resource allocation, including shortfalls, and make recommendations for expenditure in health and social care organisationScenarioYou are one of the home managers for CareTech Holdings PLC, a leading UK provider of specialist social care services. You have been invited to present a tarradiddle to the Directors of the company, MONITOR-NHS and some CCG representatives as part of government review and monitoring of your care homeThis report is aimed to demonstrate your understanding and knowledge in mean and managing budget in your home, it will show your skills in resource adjudge and managing shortfall with your ability to make prediction and make recommendation for the in store(predicate) expenditure in CareTech Holding PLCYour report should cover and incorporate all the task and learning outcomes below (3,000 words)You should refer to the as sessment criteria and the relevant 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 section skill 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 satisfied 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 facto rs that may influence the availability 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 point could be managed? D33.2 What action you would take if you suspect occurrence 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