Finance and Accounting
Managing Financial Resources in Health and Social Care
1
Assignment Front Sheet
Qualification
Unit Number and Title
Pearson BTEC Level
4
HND Diploma
in
Business
UNIT 14:
Managing Financial Resources in
Health and Social Care
Student
Name
Student No.
Assessor name
PATRICK YAN
Date of Issue
Completion date
Submitted on
18/0
4
/2014
Assignment title
Learning
Outcome
Learning
outcome
Assessment
criteria
In this assessment you will
have the opportunity to
present evidence that shows
you are able to
Task
No.
Evidence
(Page no)
LO1
Understand
how systems
are
used to
manage
f
inancial
resources in
health and
social care
1.1
explain the principles of
costing
and business control
systems
1.4
1.2
identify information needed to
manage financial
resources
1.2,
1.1
1.3
explain the regulatory
requirements for managing
financial resources
1.5
1.4
evaluate systems for
managing financial resources
in a
health or care organisation
1.4
,
1.5
LO2
Understand
the role of
planning in the
management
of health and
social care
budgets
2.1
discuss the diverse sources
of income that may be
encountered in health and
social care
2.1
2.2
analyse
the factors that may
influence the availability of
financial resources in health
and social care
organisations
2.2
2
2.3
review different types of
budget expenditure in health
and social care organisations
1
.
3
2.4
evaluate how decisions about
expenditure are made
within a health or social care
organisation
2.3
LO3
Understand
the importance
of monitoring
budget
expenditure in
health and
social care
organisations
3.1
explain how financial
shortfalls can be managed
3.1
3.2
explain the
actions to be
taken in the event of
suspected
fraud
3.2
3.3
evaluate budget monitoring
arrangements in a health or
social care organisation
3.3
LO4
Understand
how systems
and processes
for managing
financial
resources
influence
health and
social care
services.
4.1
identify information required
to make financial decisions
relating to a health and social
care service
4.1
4.2
analyse the relationship
between a health and social
care service delivered, costs
and expenditure
4.2
4.3
evaluate how
financial
considerations impact upon
an
individual using the health
and social care service
4.3
4.4
suggest ways to improve the
health and social care
service through changes to
financial systems and
processes.
4.4
Learner declaration
I certify
that the work submitted for this assignment is my own and research sources are fully
acknowledged.
Student Signature: Date:
3
In addition to the above PASS criteria, this assignment gives
you the opportunity to
submit evidence in order to achieve the following MERIT and DISTINCTION grades.
Grade Descriptor
Indicative
characteristic/s
Contextualisation
M1 Indentify and apply strategies to
find appropriate solutions
Complex problems with
more than one variable
have been explore (Task
s
1.2
,1.3, 2.1, 2.2 & 4.3
)
To Achieve M1
learner
s
need to show in
–
depth
knowledge and
understanding of the
concepts (For example
practical application of
Zero Based Budgeting)
M2 Select/Design and apply
app
ropriate methods/techniques
Range of methods and
techniques have been
applied (Tasks 1.1 & 4.2)
To Achieve M2 Learner
s
need to provide
appropriate accurate
computations for 1.1 and
for 4.2 vertical trend
analysis at least 3
appropriate ratios.
M3 Present
and communicate
appropriate findings
The communication is
appropriate for familiar
and unfamiliar audiences
and appropriate media
have been used.
Task 3 and Task 4
M3 Appropriate Report
format to the relevant
audience need to be use.
D1 Use critical refl
ection to evaluate
own work and justify valid
conclusions
C
onclusions have been
arrived at
through
synthesis of
ideas and
have been justified
(Tasks 1.5, 2.3, 3.3 and
4.3)
D1 Breath and depth
of
knowledge.
Justifications
required being practical
within t
he context of the
scenario.
D2 Take responsibility for managing
and organising activities
D3 Demonstrate convergent/lateral
and creative thinking
Problems
have been
solved
(tasks
2.3 and 3.3)
D3 Learner
s
need
to
provide practical
solutions which could be
applied within the
scenario.
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