Assignment Task
Task 1: Learning Outcome 1 (20 Marks)
(a) Analyse the recent developments with regards to the legal, financial, and regulatory environment of health and social care. (10 marks)
(b) Discuss the usefulness of alternative funding options such as Private Finance Initiatives (PFI), resources, financial aspects of agency partnerships, competition, pricing, tendering, and outsourcing in the health and social care sector. (10 marks) (700 words) (20 marks) (LOs: 1)
Task 2: Learning Outcomes 3 & 4 (35 Marks)
a) Review the financial statement for UDG Healthcare plc Group and determine the profitability of the business.
I. What is financial statement? Explain the process for preparing the financial statement particular for health care sector and elaborate the importance of finance functions in health care system. (10 marks)
II. Determine and write a statement for Return on Equity (ROE) (Du Pont Analysis) for 2019 and 2020. (5 marks)
III. Determine and write a statement for the Operating Margin for UDG Healthcare plc Group in 2019 and 2020. (5 marks)
(b) Explain how Du Pont Analysis could be used in decision-making for UDG Healthcare plc Group. Is this business viable business in this case?
Industry Average for Healthcare Sector
ROE: 11.6 %
Operating Margin:17.6%
Current ratio: 1.72
(15 marks) (1000 words) (35 marks) (LOs: 3, 4)
Task 3: Learning outcomes 2, 3, & 4 (35 Marks)
Assuming the role of a financial advisor, write a briefing report to the board of directors of the UDG Healthcare plc Group to cover the following:
a) Explain the process to prepare financial statement. (10 marks)
b) How do financial statements help with the decision making process of healthcare organizations. (10 marks)
c) Think as a financial advisor and determine how to prioritise your investment plans for healthcare system. From the given Income Statement and the Balance Sheet, develop a short and long term investment recommendations to the Senior Management.(15 marks) (1300 words) (35 marks) (LOs: 2, 3,4)
Ten additional marks are allocated for presentation, referencing and academic writing (10 marks)
UDG Healthcare plc Group Income Statement for the year ended 30 September 2020
UDG Healthcare plc Group Balance Sheet as at 30 September 2020
Formative Feedback
You have the opportunity to submit a draft assignment to receive formative feedback.
The feedback is designed to help you develop areas of your work and it helps you develop your skills as an independent learner.
If you are a distance learning student, you should submit your work, by email, to your tutor, no later than 2 weeks before the actual submission deadline. If you are a blended learning student, your tutor will give you a deadline for formative feedback and further details.
Formative feedback will not be given to work submitted after the above date or the date specified by your tutor – if a blended learning student.
Referencing Guidance
You MUST underpin your analysis and evaluation of the key issues with appropriate and wide ranging academic research and ensure this is referenced using the AU Harvard Referencing system. The My Study Skills Area on iLearn contains useful resources relating to referencing.
Follow this link to find the referencing guides for your subject: Arden Library
Submission Guidance
Assignments submitted late will not be accepted and will be marked as a 0% fail.
Your assessment can be submitted as a single Word (MS Word) or PDF file, or, as multiple files. Analyse the recent developments with regards to the legal, financial, and regulatory environment of health and social care
If you chose to submit multiple files, you must name each document as the question/part you are answering along with your student number ie Q1 Section A STUXXXX. If you wish to overwrite your submission or one of your submissions, you must ensure that your new submission is named exactly the same as the previous in order for the system to overwrite it.
You must ensure that the submitted assignment is all your own work and that all sources used are correctly attributed. Penalties apply to assignments which show evidence of academic unfair practice. (See the Student Handbook which is available on the A-Z key information on iLearn.)
