Manage financial resources in health and social care

Unit 14 Managing Financial Resources in HSC - Edexcel BTEC Higher Nationals specification in Health and Social Care

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Task 1

Question 1 Systems used to manage financial resources in health and social care.

Question 2 Costing of a Residential Home

Question 3 Principles of Generally Accepted Accounting Principles (GAAP)

Question 4 Evaluation of various Software and tools

Task 2

Question 1 Different sources of Funds Available

Question 2 Factors that affects the finance availability for Residential Care taker

Question 3 Different types of Budgets relevant for Residential Care Home

Question 4 Decisions regarding Expenditure in a Residential Home Care

Task 3

(LO3.1) Your friend is worried about what might happen if her income falls below her home's expenditure levels so you provide her with some advice by:

Question 1 Prepare a cash budget

Question 2 Explain what she can do if she suspects fraud.

Question 3 Suggesting and evaluating some methods/systems she can use to monitor and control her budgets

Task 4

Question 1 Information needed to make decisions about the level of service she will offer to service users and funding organisations.

Question 2 Analyse the relationship between the level of service she will offer, her costs and her expenditure.

Question 3 Evaluate how financial considerations will have an effect on the individuals in your friend's residential home.

Question 4 Suggest ways in which your friend might be able to improve the service she will offer through better financial systems and processes.

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