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Unit 14 Managing Financial Resources in HSC

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Unit 14 Managing Financial Resources in HSC

Task 1

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

1.2 Costing of a Residential Home

1.3 Principles of Generally Accepted Accounting Principles (GAAP)

1.4 Evaluation of various Software and tools

Task 2

2.1 Different sources of Funds Available

2.2 Factors that affects the finance availability for Residential Care taker

2.3 Different types of Budgets relevant for Residential Care Home

2.4 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:

3.1 Prepare a cash budget

3.2 Explain what she can do if she suspects fraud.

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

Task 4

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

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

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

4.4 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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