HACM9102 Financial Management and Economics in Health and Aged Care

Kristen Ireland

2019

4.5

Onshore (Australia) Program
1 x half-day Workshop per semester
3 x 1-day Intensive Workshops per semester
1 x 2-hour Online Exercises weekly
83 hrs of Independent Study per semester

Offshore (Singapore) Program
2-day Workshop per semester
5 x 2-hour Tutorials per semester
3 x 2-hour Online Exercises per semester
103 hours Independent Study per semester

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
Understanding spreadsheets and their use in financial management and analysis of resources
Cost-volume-profit analysis and marginal analysis
Capital investment decisions
Budget management and financial planning
The purpose and function of financial reports
Techniques that can be used in analysing an organisation's financial performance
Understanding health from an economics perspective
Approaches to health funding

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

On completion of the topic students should be able to:

Apply basic spreadsheet skills to undertake financial analysis and budgeting tasks
Appreciate the distinctive features of health in economic terms
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 2019 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.