After considering best fit with the organizations values SCT has decided to use two of Kotter and Schlesinger’s approaches to change in order to deliver the required cost savings over the next three years. The two approaches are:
1. Education and participation
2. Participation and involvement
The recently appointed Chief Executive would like to develop the Trust’s management accounting practices to enable the organization to deliver a successful cost reduction plan over the next three years and to better understand the cost of treatments they provide.
Discuss how SCT could use strategic management accounting practices to help understand their costs and plan for the next three years.
o There are currently 40 nursing vacancies unfilled in the Trust’s hospitals. The salary for these posts is £30,000 per annum. The nurses will need to undergo training once recruited. The training cost will be £400 per employee.
Write no more than 200 words.
Question 3 (10%)
At the start of the unit you were asked to consider how taking a unit in accounting and finance would help you become a better management professional. You will now revisit this question and reflect on it as you have completed the unit.
During the final plenary session in December you worked on the CIMA case NHS trust: South Ceeland Trust (SCT). Two of the three questions in this individual assessment are based on this case. The case is provided separately.
