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Unit 2 Managing Financial Resources and Decisions - Level 4

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Unit 2 Managing Financial Resources and Decisions - Level 4 (Diploma in Health and Social Care)

Task 1

1.1 A clear outline explanation of the principle of costing and business control system.

1.2 Information needed to successfully manage the business operation.

1.3 The explanation of regulatory requirement for managing financial resources.

1.4 An evaluation of computer software as a mean of managing the financial resources.

Task 2

2.1 Discuss the various sources of the income that might be for her new care home.

2.2 Factors which may affect the availability of the finance.

2.3 Review the various kind of budget expenditure in health and social care organization.

2.4 evaluate how the decision about the expenditure are to be made in the resident care home.

Task 3

Understanding and monitoring the expenditures through Budgets in health and social care organization

3.1 Explain Cash budgets and how it helps in managing Budget shortfalls?

3.2 What can she do if she suspects frauds in the cash budget?

3.3 Suggest and evaluate methods used to monitor and control budgets?

Task 4

4.1 The information needed by the manager to make decision about the level of service which will be provided to the users and the funding organization.

4.2 Analyze the relationship between the level of service she will offer and the expenditure.

4.3 evaluate how financial consideration will have an effect on the individual.

4.4 Suggest financial system that can improve the service which the new health care is offering.


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