||Managing a Budget for the First Time
|Managing a budget for a first time can be a daunting experience. This anxiety may manifest in a range of ways that might get in the way of effective management (such as avoidance, inefficiency etc.)
This course, led by a social carer and financial manager aims to help participants understand the need for effective budget management and the principles that underpin effective financial management.
The course is set in the context of the Care Act (2014), supports the Social Care Commitment and will help organisations meet the CQC Fundamental Standards.
|The course provides some knowledge for
NHS KSF: G4.4
MIS (2012): 6.2
The course is designed for Senior staff and managers in Health & Social Care. The course can be adapted for those working in other contexts.
By the end of the course learners
- What is meant by a ‘budget’ and by ‘budget management’?
- Why do we need to work within a budget?
- How effective budget management impacts on the quality of the service being offered
- How poor budget management can impact on people receiving support services-an ethical issue
- Accountability issues: Who we are accountable to and systems that ensure accountability
- The need to be realistic: Considering the balance between income and expenditure
- The importance of record-keeping: How to identify what has been spent/committed
- The basic expenditure of the service that is non negotiable
- Expenditure that would be desirable but not essential
- What is meant by ‘contingency’ and contingency funds
- What the organisation expects from managers in terms of budget management
- How to work with a prescribed budget
- The need to use resources effectively
- The procedures for the management of a budget
- The need to review and learn from the previous budget
Training methods utilised include: Tutor presentations, OHP/PowerPoint, Handouts, Small and larger Group work,
Role play, Handouts, Practice examples