Management

Scenario
Assume you were the manager of one of the BUPA Care Homes and managing financial resources of the organization is one of your responsibilities. You have access to Annual Financial Report for the year 2012 which includes different financial statements for the last financial year. This Report is available on stponline.(www.stponline.co.uk)

To manage the finance of your own organisation, you have to develop understanding of controlling budget expenditures in your organisation. The main income of the care home is the fees paid by the service users and there is very little support available from other partner organisations. To manage expenditures you have to equip yourself with the knowledge and understanding needed to monitor costs, make predictions, evaluate the process of effective control of resource allocation, including shortfalls, and make recommendations for the expenditure.

As a manager you need to understand the role of planning in the management of financial budgets and the importance of monitoring and managing expenditure. You have also the responsibilities of identifying the financial resources and managing shortfalls of budgets.

ASSIGNMENT
Based on the scenario above and the BUPA Care Homes (CFG) PLC case study, you are required to complete a REPORT of 2,500 words. You should refer to the assessment criteria and the relevant unit content, when preparing your evidence of assessment.

Task 1   Learning Outcome 1 (1.1, 1.2, 1.3 and 1.4 ) M1,


1.1 Explain what principles of costing and business control systems may be adopted in BUPA.
1.2 What were main heads/amounts of income for BUPA in the last financial year?  
1.3 What regulatory requirements need to be satisfied while managing financial resources in BUPA?
1.4 Evaluate the systems for managing financial resources in BUPA ?

Task 2 Learning Outcome 2 (2.1, 2.2, 2.3 and 2.4) M2, D2

2.1 What are the diverse sources of income for BUPA?  
2.2 Analyse the factors that may...