Finance for Non-Financial Managers - Finance for...

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Finance for Non-Financial Managers ASSIGNMENT Academic Year 2011/12 As set out on the module definition form, the focus of assessment, in line with the focus of the module, is primarily but not exclusively concerned with operational financial issues that are frequently faced by practising as well as aspiring managers. The assignment is based on St Edith’s MemorialHospital case study. Detailed qualitative and quantitative analysis should be placed in appropriate appendices. The Chair of the Hospital Board has retained you as a business consultant. Tutor set assignment 1 1. As a basis for possible improvements to St Edith financial and medical performances, produce a SWOT analysis, with appropriate qualitative and quantitative dimensions. Assume neighbouring hospital performance represents best practice. (Please write at least 600 words for this part and also provide the related graphics) 2. Using appropriate theoretical frameworks critique St Edith budgetary planning and control processes for Income and Expenditure, and Capital Investment. This is to be presented as a report to the Management Committee proposing a new planning and control system. Justify the change by referencing the current process and problems. (Please write at least 725 words for this part and also provide the related graphics) 3. Identify possible improvements to St Edith financial and medical performances and incorporate them into year 1 and year 2 Expenditure and Income Statements. Justify the improvements. (Please write at least 600 words for this part and also provide the related graphics) Tutor set assignment 2 1. Using Cost Benefit Analysis methodology decide and justify your decision whether St Edith should immediately proceed with the integrated stock management and creditor system. (Please write at least 1055 words for this part and also provide the related graphics) 2. Critique St Edith arrangements for corporate governance using UK’s Combined Code for Governance. Justify any recommendations you may make. (Please write at least 870 words for this part and also provide the related graphics)
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Note: please focus on the case study and do not give general information like I do not want to see what SWOT analysis means etc. you have to focus on only the case study. Please check the case study given below: Case Study: St EdithMemorialHospital Background The Management Committee of the St Edith Memorial Hospital (SE) was meeting under crisis conditions. The Hospital had moved into a financial deficit and most of the key participants in the decision making process could not agree on the best way to resolve the crisis. The Chief Executive Officer (CEO), Michael Gonzales, reported to the Chair of the Hospital Board. The Board was inhabited with local luminaries and met three times a year.
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