how health information is used to develop performance indicators for management of cost centres

Budget Paper
Assignment Requirements

Aim of Assessment This assessment aligns with unit learning outcomes 5-8. On completion of the unit the student will be able to: Critically analyse the reporting systems used by health and aged care organisations, including budget statements. Prepare budgets and economic appraisals of funding options.
Understand how health information is used to develop performance indicators for management of cost centres, be able to analyse budget variances and evaluate options eg in response to �budget blowouts�. Prepare an application for funding, with consideration of offsets and alternative funding strategies.

Details Develop a budget for a project, ward, unit or service USING A BUDGET TEMPLATE (you may use one from your own organisation), in an environment of scarce resources. Consider alternative options USING OPPORTUNITY COST ANALYSIS. Annotate the document to show the sources of data used for forecasting the expenditure for the budget period.

Marking criteria and standards: Assessment 2 Budget paper :

Introduction 15% Budget presented on appropriate template.(5) Budget period clearly stated.(5) Describes setting in which budget is to be applied.(5)
The template or design appropriate for recording the budget is used. The budget period including start and completion dates are stated. The setting in which the budget is described clearly and accurately.

Budget 35% Budget is detailed and correct. (20) Alternative options using opportunity cost analysis are discussed.(10) Document shows sources of data used for forecasting expenditure (5)
The budget is detailed with all relevant and important content included and correct. Alternative options using opportunity cost analysis are discussed in detail demonstrating strong understanding of the content. Sources of data used for forecasting expenditure are annotated on the budget. The sources are highly relevant to the budget.

Presentation 10% Uses correct grammar, spelling and punctuation. Correct application of APA used for in-text citation and for the reference list.
Your essay contains one or less minor errors in grammar, spelling and/or punctuation, but these do not interfere with meaning. You apply all conventions of APA correctly, use direct quotation sparingly and paraphrase effectively in most cases. You use the correct bibliographical format for reference list.
You

N.B. – All figures and circumstances given in a budget template are fictitious and have been put together for the purpose of this case study

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