Task 1 of 2 Preparatory Report (LO1 ACs 1.1, 1.2 , 1.3, LO2 AC 2.1, 2.2, 2.3, LO3 AC 3.1) Using the Anchor Trust data, compile a preparatory report, in which you: Explain the importance of accounting and finance management in the context of a Health
Scenario
For this task, you are employed as an adviser to a team of Health Care Managers.
For research, you should review the published accounts and future predictions of Anchor Trust, which can be downloaded from https://www.anchorhanover.org.uk/guides-and- support/annual-report
Task 1 of 2 Preparatory Report (LO1 ACs 1.1, 1.2 , 1.3, LO2 AC 2.1, 2.2, 2.3, LO3 AC 3.1)
Using the Anchor Trust data, compile a preparatory report, in which you:
- Explain the importance of accounting and finance management in the context of a Health and Social Care organisation.
- Evaluate how financial software is utilised within the accounting functions of organisations.
- Describe how key financial ratios are used by Health and Social Care organisations.
- Differentiate between long and short term business finance needs of Health and Social Care organisations.
- Explain the benefits and limitations of various sources of finance available to an organisation.
- Evaluate the process of budgetary control and revenue management in a Health and Social Care organisation.
- Explain the rules of double-entry book-keeping and how it is used to maintain financial records.
Delivery:
- 1x Preparatory report
Submission:
- 1x Preparatory report – 1500 words excluding TOC, diagrams, references and appendices
Referencing:
- You should use and cite a range of academic and reliable sources.
- A comprehensive Harvard style reference list must be included at the end of the work.
Task 1 of 2 Business Report (LO 3 ACs 3.2, 3.3, 3.4)
To supplement the initial report, you are also required to prepare a business report that includes the following:
- An interpretation of organisational budgets in the given health and social care
- An evaluation of capital expenditures and investment projects using different investment appraisal techniques
- Recommendations for financial management in the given Health and Social Care organisations.
Delivery:
- 1x Business Report
Submission:
- 1x Business Report – 1500 words excluding TOC, diagrams, references and appendices
Referencing:
- You should use and cite a range of academic and reliable sources.
- A comprehensive Harvard style reference list must be included at the end of the work.
Evidence to be submitted:
- Preparatory Report – 1500 words
- Business Report – 1500 words
