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Financial Control and Budgeting

Explore and evaluate the legal, financial, regulatory and structural environment under which health and social care services are provided.

Understand and explain the importance of governance and accountability and the manner in which financial aspects of health and social care services are managed and communicated to a range of stakeholders.

Produce, present and communicate budgets and product and service costs and make decisions based on sound financial and management accounting theory and practice.

Reflect on and demonstrate awareness of, the impact of financial constraints, costs and budgets on health and social care service managers, their clients and other stakeholders.

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