Unit 2 Managing Financial Resources and Decisions- Level 5

Unit 2 Managing Financial Resources and Decisions

Level 5

Task 1

1.1 Principles of costing and business costing system that may be adopted in Care Tech holding PLC.

1.2 Information needed to manage financial resources of Care Tech Holding PLC in 2003 financial ending.

1.3 Regulatory requirements that need to be satisfied while managing financial resources in Care Tech Holding PLC.

1.4 Evaluation of system for managing financial resources in Care Tech Holding PLC.

Task 2

2.1 Diverse sources of income available to Care Tech PLC in the financial year 2013.

2.2 Factors that may influence the availability of financial resources in care Tech PLC.

2.3 Different types of budget expenditure in Care Tech PLC.

2.4 How decisions about expenditures are made in care Tech PLC.

Task 3

3.1 Assuming there was a financial shortfall in Care Tech PLC, Explain how the situation can be managed.

3.2 What actions would you take if you suspect occurrence of financial fraud in your organization.

3.3 Budget monitoring arrangements in care Tech PLC.

Task 4

4.1 Information required to make financial decision relating to Care Tech PLC.

4.2 Relationship between care services delivered and ‘cost and expenditure’.

4.3 How financial considerations impact upon a service user.

4.4 Ways to improve care service provided by Care Tech PLC through changes to financial system and processes.

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