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Level 6 Diploma in Health and Social Care Management

Financial Information and Managerial Decision-Making

HSC605 · Resource Management in Health and Social Care — Week 6 of 16

CourseHSC605
Week6 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Financial Information and Managerial Decision-Making

  1. Management accounts and financial statements
  2. Departmental budgeting and variance analysis
  3. Cost-volume-profit considerations in service delivery
  4. Financial reporting for operational governance
  5. (L029) Basic Budgeting Concepts - Leadership and Management
  6. Cost Volume Profit Analysis – Breakeven - ACCA Performance Management (PM)
  7. [Strategic Cost Management] Master Budget (Budgeting and Business Planning)

What you will be able to do

  • 3.1 Analyse the role of financial information in decision-making processes.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: analyse the role of financial information in decision-making processes.

Study materials

Videos

  • (L029) Basic Budgeting Concepts - Leadership and Management · YouTube · North Dakota Public Health Training Network · 43 min · for registered students
  • Cost Volume Profit Analysis – Breakeven - ACCA Performance Management (PM) · YouTube · OpenTuition · 28 min · for registered students
  • [Strategic Cost Management] Master Budget (Budgeting and Business Planning) · YouTube · Sir Chua's Accounting Lessons PH · 56 min · for registered students

Further resources

  • Principles of Accounting, Volume 2: Managerial Accounting, ch. 1: Accounting as a Tool for Managers · PDF · OpenStax, textbook chapter; pp. 23–76 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 5Week 7
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Strategic Human Resource Planning
  • Week 2: Determining and Managing Skills Requirements
  • Week 3: Recruitment Planning and Regulatory Compliance
  • Week 4: Selection Methods and Decision-Making
  • Week 5: Workforce Retention and Addressing Talent Deficits
  • Week 6: Financial Information and Managerial Decision-Making
  • Week 7: Financial Ratio Analysis in Health and Social Care
  • Midterm: Midterm evaluation
  • Week 9: Short-Term and Long-Term Capital Requirements
  • Week 10: Sources of Finance in the Care Sector
  • Week 11: Strategic Evaluation of Financial Sourcing
  • Week 12: Applying Resource Management in Health and Social Care in p…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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