NDIS Financial Management: Cost Attribution
Developed and distributed on behalf of NDS Consulting, this e-learning module is the first in four new simple financial management modules which address cost attribution within the NDIS. It provides an introduction to disability services providers concerning cost attribution.
Operating within an NDIS environment, service providers must be able to link their costs in providing services to an individual NDIS participant’s plan. In order to do this, the organisation must be able to identify its total costs and have a rigorous method of cost allocation.Learning outcomes:
This module will help you understand the principles of cost attribution and its importance for business operations. It will assist you to understand how all the associated costs of a specific service or product are allocated to determine the true cost to the organisation.
In this session we will be covering the basics of cost attribution and introducing you to our case study. We hope to answer ‘why does this matter?’ before delving into how to calculate costs in depth. In this first part of a series of four modules concerning financial management, we will be covering these key questions:
- What is cost attribution?
- What am I trying to achieve with cost attribution?
- How does it affect my business?
- How can I use this information to drive change?
- How do we achieve good growth?
- How do our actions change possible outcomes?
- What do we need to remember?
By understanding well the principles and approaches to cost allocation you can be confident that you have understood how the costs of providing your services may be attributed to your service functions and can be confident that claims that you make to the NDIS are accurate and grounded in rigorous financial management practice.
The module takes on average 15 minutes to complete. It forms one part of four modules that have been developed to support financial management in the NDIS sector.
Produced by NDS Learning and Development and funded by NSW Family and Community Services.
Cost: $35.00 incl. GST