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Unit 14 Managing financial resources

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Managing Financial resources in health and social care Task 1 1.1 Explain what principles of costing and business control systems may be adopted in BUPA. The principles of costing are to adequately cost a product, obtain stakeholder input – including non-financial staff, obtain quality input data to get accurate results, costing should focus on material costs, minimise subjectivity and costing should be transparent and auditable. BUPA could use the principles in costing to control its […]

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