HACM9102 Financial Management in Health Care

Professor Mark Mackay

2015

4.5

1 x .5-day workshop per semester
3 x 1-day intensive workshops per semester
1 x 2-hour on-line exercises weekly

HSMT9013 has been successfully completed

Topic only available to students meeting the eligibility requirements for entry to the postgraduate health administration programs.

Assignments; Tutorial presentation; Tutorial participation

The Syllabus includes:

The nature of accounting and its role in the decision making process
The purpose and function of financial reports and techniques that can be used in analysing an organisation's financial performance
Cost-volume-profit analysis and marginal analysis
Capital investment decisions
Budget management and financial planning
Approaches to health funding

The topic focuses on providing students with an understanding of introductory resource management and accounting principles, and their application to the health sector.

On completion of the topic students should be able to:

Discuss how accounting functions as a tool in the decision making, planning and control process
Outline the purpose and function of the three main financial reports, namely the Balance Sheet, the Income Statement and the Cash Flow Statement
Apply commonly used techniques to analyse an organisation's financial statements
Explain the nature of the relationship between volume of activity, costs and profit and how knowledge of this relationship can be used to make decisions and assess risk
Describe the budgeting and planning process
Identify the methods commonly applied in making capital investment decisions
Appreciate the role of health financing in the broader context, including different approaches to health funding

Key dates and timetable

Timetable details for 2015 are no longer published.

This information is from current details held on the Student Information System. Please report any errors or omissions to the relevant College Office.