Managing financial resources Essay

Rules and regulationsPlagiarism is presenting somebody elses work as your own. It includes copying tuition in a flash from the Web or books without referencing the material submitting joint coursework as an individual effort copying another students coursework stealing coursework from another student and submitting it as your own work. Suspected plagiarism provide be investigated and if found to have occurred will be dealt with according to the procedures set down by the College. Please command your student handbook for further details of what is / isnt plagiarism.Coursework Regulations1 school-age childs argon required to submit their coursework on-line through online e-learning system http//stponline.org.uk. Detailed knowledge around this is avail commensurate in the student handbook submission 2 Details of submission procedures and penalty fees can be obtained from Academic Administration or the world(a) student handbook. 3 Late coursework will be accepted by Academic Ad ministration Office and marked according to the guidelines given in your Student Handbook for this year. 4 If you need an 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 authorised to award an extension. The completed form must be accompanied by evidence such as a medical certificate in the event of you being sick. 5 General guidelines for submission of courseworka All work must be word-processed and must be of good standard.b Document margins sh whole 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 files that form subdivision of the course work must be submitted either 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 seed.f All work completed, including any software constructed may not be used for any tendency other than the purpose of intended remove without prior written permission from St Patricks International College.Outcomes and assessment requirementsAssignment titleManaging Financial Resources in the health and Social Care Organisations CARETECH memory PLSLearning Outcome (LO)Assessment CriteriaIn this assessment you will have the opportunity to present evidence that shows you are able to LO1 TASK 1Understand how systems are used to manage fiscal resources in health and social plow1.1 D2 condone the principles of be and business operate systems1.2Identify information needed to manage fiscal resources1.3 M1Explain the regulatory requirements for managing monetary resources1.4Evaluate systems for managing financial resources in a health or do by governing body LO2 TASK 2Understand the role ofplanning in the management of health and social care computes 2.1 M3Discuss the diverse sources of income that may be encountered in health and social care2.2 D1Analyse the factors that may influence the availability of financial resources in health and social care organisations2.3Review unlike types of calculate expenditure in health and social care organisations2.4Evaluate how decisions about expenditure are made 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 taken in the event of suspected twaddle3.3 D2Evaluate budget monitoring arrangements in a health or social care organisation LO4 TASK 4Understand how systems and processes for managing financial resources influence health and social c are renovations.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 impact upon an individual using the health and social care service4.4 D1Suggest ways to mitigate the health and social care service through changes to financial systems and processesLearner declarationI certify that the work submitted for this assignment is my own and research sources are fully acknowledged.Student signature DateIn addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to strive the following MERIT and DISTINCTION grades Grade DescriptorIndicative characteristic/sContextualisationM1Identify and apply strategies to find appropriate solutionsAn effective approach to study and research has been applied You will discuss at least three (3) financial con siderations that affect and influence funding of care cost in a nursing and residential home (LO 4.3)Make effective judgment on the impact of regulators on the quality of care in the NHS state at least two regulators and let off 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 cite 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 study of principles/concept for the intended audience The answer should consist 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 s ocial care organisation (LO 2.1)D1Use searing reflection to evaluate own work and justify valid conclusionsConclusion arrived at through synthesis of ideas & justicfiedYou will explain and justify the various organization 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 paint a picture 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. State and explain the categories of cost (e.g Fixed/Variable Direct/Indirect) and costing concept (cost centre, cost object and cost unit (LO 1.1)D3Demonstrate convergent/latera l/ creative thinkingInnovation/Creative thought have been appliedReview 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 sector 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 slice delivering the NHS, Adult Social care and Public health progenys (quality, safety and patient experience)By carring out this assignment learners will be equipped with the knowledge and brain needed to monitor costs, make predictions, evaluate the process of effective control of resource allocation, incl uding 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 sketch to the Directors of the company, MONITOR-NHS and some CCG representatives as part of government review and monitoring of your care homeThis fib 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 cover and incorporate all the task and learning outcomes below (3,000 words)You should refer to the assessment 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 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 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 factors that may influence the availability of financial resources in CareTech PLC? D12.3 Review dissimilar 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 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