ABE Level 7 Extended Diploma in Leadership and Management in the Health and Social Care Sector (QCF)

MODULE NAME Managing Finance in Health & Social Care

STUDENT NAME

STUDENT ID

ASSESSOR Mr. Ibrahim Adewusi

ASSIGNMENT NUMBER Questions 1-4ASSIGNMENT HANDOUT DATE 5th Mach 2014 ASSIGNMENT HAND

IN DATE 4th June 2014

ASSIGNMENT NUMBER Not ApplicableASSIGNMENT HANDOUT DATE

ASSIGNMENT HAND IN DATE Not Applicable

ASSIGNMENT NUMBER Not ApplicablePRESENTATION HANDOUT DATE

PRESENTATION DATE Not Applicable

ASSESSMENT CRITERIA (Tick all to be assessed in this assignment)

Pass criteria covered in this assignment

P 1.1 P 2.1 P 2.5 P 3.3

P 1.2 P 2.2 P 2.6 P 3.4

P 1.3 P 2.3 P 3.1

P 1.4 P 2.4 P 3.2

Lecturer: Mr. Ibrahim Adewusi

Lead IV: Mr. S. Shitta

KEY DATES:

Return date: 2 weeks after submission

Submit to: e-learning portal

ABE Level 7 Extended Diploma in Leadership and Management in the Health and Social Care Sector (QCF)

PlagiarismAny act of plagiarism will be seriously dealt with according to the College’s and the Awarding Body’s regulations. The definition and scope of plagiarism are presented below:

Plagiarism is presenting someone else’s work as your own. It includes copying information directly from the Web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the college procedure.

Submission

Students must check their coursework on Moodle Site with plagiarism software Turn-It-In and obtain a report generated from that software. The soft copy of coursework should remain in the Moodle site.

All coursework must be submitted to the assigned person (to the tutor) and a receipt must be obtained.

Student must need to follow the layout instructions for cover page and body of course work.

The copy of the coursework will not be returned to you after marking, do keep a copy of your coursework for your own reference.

Any computer files generated for the coursework such as program code, graphics, etc., should be submitted on a suitable media with the coursework.

A copy of the questions should be submitted with the coursework.

Good practicea. Make backups of your work in different media (such as your hard disk or memory

stick) to avoid distress for loss to or damage of your original copy.b. Make an extra hard copy of your work for your own reference or later use.

Extension and late submissionIf you need an extension for a valid reason you must request one using a coursework extension request form available from the college. Please note that lecturers do not have the authority to extend coursework deadlines and therefore do not ask them to award a coursework extension. The completed form must be accompanied by evidence such as a medical certificate in the event of your being ill.

The Assessment Criteria will act as a guide to help you put into context your statements to fulfil the Learning Outcomes. Your statements should relate your learning to management activities.

Word Length: In total, it is suggested that the report components of this assessment should not be less than 2500 and not more than 3500 words. You should make use of tables,

ABE Level 7 Extended Diploma in Leadership and Management in the Health and Social Care Sector (QCF)

graphs, diagrams etc., where appropriate. You must acknowledge any reference materials used.

ABE Level 7 Extended Diploma in Leadership and Management in the Health and Social Care Sector (QCF)

ASSIGNMENT –Whole

Unit Aims:

The aim of this unit is to meet the needs of middle and senior managers in health and social care who wish to develop their competences in managing finance.

Unit Description:The unit examines aspects of finance including budgetary control, the concept of ‘unit cost’, ‘value for money’ approaches, capital project planning, and the sources of finance and their application.

Learning Outcomes:1. Understand how to analyse financial data in health and social care scenarios

2. Understand how to make informed financial judgements based on accounting analysis

3. Know how to prepare a proposal for expenditure on a health or social care project.

Assessment Questions:

Q1 – As a Manager, you need to examine key sources of finance and expenditure from financial statements and management accounts; analyse financial data in an organizational context; investigate potential sources and allocations of funding within the health and social care services; and systematically analyse Budget Forecast & Review statements (1.1; 1.2; 1.3 & 1.4).

Q2 - As a Manager, you need to identify and apply appropriate accounting analysis techniques to given situations; systematically analyse data to execute rational financial decision making; and review budget forecasts from financial data (2.1; 2.2 & 2.3).

Q3 - As a Manager, you need to systematically analyse budget forecasts with reference to organizational performance; systematically analyse financial data from various investment options for the selection of optimum financial return, within the organizational context; and critically evaluate the various methods of capital investment appraisal (2.4; 2.5 & 2.6).

Q4 – As a Manager, you need to justify the significance of a proposal in relation to organizational strategy; investigate the limitations of alternative models for evaluating expenditure; examine key issues in the management of change; and develop a health or social care project plan incorporating 1. Expenditures and benefits, 2. Milestones, 3. Budgets, 4. Responsibilities and 5. Timescales,

ABE Level 7 Extended Diploma in Leadership and Management in the Health and Social Care Sector (QCF)

management monitoring and control (3.1, 3.2, 3.3 & 3.4).

AssessmentStudents are assessed against the learning outcomes of the unit utilizing a range of assessment tools and methods.You need to pass each question of the assessment before you can pass the whole unit of the course.You must use Harvard Systems of references i.e. alphabetical order.