Assignment Brief

Qualification Unit Code

Pearson BTEC Level 5 HND in Business R/601/1615

Unit Number and Title Unit Level (type)

Unit 14: Managing Financial Resources in Health and Social Care 4

Assessor Verifier Credit Value

Shan Wikoon 15

Date Issued Formative Feedback Deadline Final Deadline

Assessment

Senario:

After working as a dedicated care worker for number of years and after completing your
HND diploma in HND Health and Social Care Management, you are planning on starting
your own residential elderly care home for 25 residents.

You have a preparatory meeting with some potential investors, donors, banks and your
Local Council.

Prepare a comprehensive report for the meeting on managing financial

resources in your new business. You should cover all the titles and subtitles
(the tasks) given below in your report.

TASK 1:

1.1 Explain the principles of costing and business control systems in general and what
would be the most appropriate principle of costing and business control systems for your
new business. AC 1.1, M3

1.2 Identify information needed to manage financial resources in your new business.
AC 1.2, M1

1.3 Explain the regulatory requirements need to be considered in terms of legislation,

codes of practice and policies when managing the financial resources in your new
business. AC 1.3, M3

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1.4 Evaluate systems for managing financial resources in health or care industry in
general and indicate what would be the best system for evaluating financial resources
of your care home. AC 1.4, D3

TASK 2

2.1 Discuss the diverse sources of income that may be encountered in health and social
care such as public, private, voluntary or national funding and indicate the possible
income sources of your business. AC 2.1, M1

2.2 Analyse the factors that may influence the availability of financial resources in
health and social care organisations such as yours. AC 2.2, M2

2.3 Different types of budget expenditure have different effects within a care home.
Review at least 2 different types of budget expenditure in your report. AC 2.3, M2

2.4 Evaluate how decisions about expenditure are made within your business. AC 2.4,
D3

TASK 3

3.1 Explain how the care homes expenditure can be monitored and how shortfalls can
be managed. AC 3.1, M3

3.2 Explain the actions to be taken in the event of suspected fraud in your care home.
AC 3.2, M3

3.3 Evaluate budget monitoring arrangements in health or social care organisations in

general and identify what would be the best for your care home. AC 3.3, M2, D3

TASK 4

4.1 Identify what information is required to make the financial decisions for the care
home. AC 4.1, M1

4.2 Analyse the relationship between the care home service that is delivered and the
costs and expenditure of such service. AC 4.2, M2

4.3 Evaluate how financial considerations impact upon a customer using your care
home. AC 4.3, M2

4.4 Suggest ways to improve the health and social care service in general through
changes to financial systems and processes. AC 4.4, D3

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Assessment criteria

Each unit will be graded as a Pass, Merit or Distinction. A pass is awarded for the
achievement of all outcomes against the specified assessment criteria. Merit and
Distinction grades are awarded for higher-level achievement.

The Learning outcomes and the assessment criteria used to assess are shown below: A
pass grade is achieved by meeting all the required defined in the assessment criteria
for a pass for each unit.

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 In addition to the above PASS criteria, this assignment gives you the
opportunity to submit evidence in order to achieve the following MERIT
and DISTINCTION grades

Indicative
Grade Descriptor Contextualisation
Characteristic/s

M1 Identify and Complex problems with To achieve M1, you should explore a
apply strategies more than one variable range of variables and make
to find have been explored and effective judgments in Task 1.2, 2.1
appropriate effective judgements and 4.1
solutions have been made
To achieve M2, you should
A range of sources of demonstrate your analytical skills
M2 Select / information has been
design and apply by breaking down a topic or
used and complex situation in order to interpret and
appropriate information/data has
methods / study the interrelationships between
been synthesised and the parts in Tasks 2.2, 2.3, 3.3, 4.2
techniques processed and 4.3
To achieve M3, you should you
M3 Present and The appropriate should limit the quotations as much
communicate structure and approach as possible and explain the fact in
appropriate has been used your own words in Tasks 1.1, 1.3,
findings 3.1, 3.2 and 4.1.
D1 Use critical To achieve D2, you should provide a
reflection to Self-criticism of suitable Critical Self-Reflection form
evaluate own approach has taken which demonstrates your own
work and justify place critical self-reflection on the
valid conclusions learning from this Units work.
To achieve D2, you should
D2 Take demonstrate the ability to take
responsibility for Activities have been responsibility for managing and
managing and managed organising activities by ensuring
organising that deadlines for this assignment
activities have been met at the each stage.
D3 Demonstrate Innovation and creative To achieve D3, you should present
convergent / thought have been innovative ideas in Tasks 1.4, 2.4,
lateral / applied 3.3 and 4.4
creative thinking

To achieve DISTINCTION grades (D1), please provide a suitable critical self-reflection

using the form provided. Instead of this optional template, you are allowed to write their
own critical self-reflection in the format you choose, it should consist of no more than 2
pages.