Paper subject ( Management financial resource ) Essay

Paper subject ( charge financial resource ) - Essay ExampleThe mental health care, among adults, is provided on the basis of the community establish hospital, independent supported living and adult residential care homes (CareTech, 2014).The young people residential go are directed towards children this segment is associated with various facilities that are associated with facilitating the learning of children, as well as managing their behaviors. Fourthly, the connection offers the foster care helpers this segment ensures that children are assessed in their homes. This foster care segment is tie in to the provision of special serves to children with disabilities. While offering these services, the counseling understands that a prudent financial management can help the company to perform effectively in its area of operation (CareTech, 2014). In this respect, this news report is foc social functiond on assessing the financial management of the health and social care organizatio n the paper pull up stakes pay attention to the operations of CareTech PLC. Among the financial aspects that would be discussed include the principles of costing and business control systems.Considering that CareTech PLC is a firm that focused on offering health and social care services, it is critical for the firm to use the absorption costing method. The absorption costing method ensures that various costs are expensed to a apt(p) product or service. This method is effective as far as the external reporting is bear on (Fukui, Yoshiuchi and Ikezaki, 2014). The method ensures that both direct and indirect costs are effectively expensed to a given service or product. The absorption cost would be efficient in determining the costs that are requisite to be met by CareTech PLC in various segments in order to continue offering its services to various clients. Generally, the direct and indirect costs are assigned to different the end product or service that is provided to a customer. The absorption costing has remained a key principle of costing