Year
2021
Units
4.5
Contact
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
Enrolment not permitted
HSMT9013 has been successfully completed
Course context

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

Assessment
Assignments; Tutorial presentation; Tutorial participation
Topic description

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
Educational aims

This topic aims to provide students with an understanding of introductory resource management, including both economic and accounting principles, and their application to the health sector.

Expected learning outcomes
On completion of this topic you will be expected to be able to:

  1. Apply basic spreadsheet skills to undertake financial analysis and budgeting tasks
  2. Appreciate the distinctive features of health in economic terms
  3. Discuss how accounting functions as a tool in the decision making, planning and control process
  4. Outline the purpose and function of the three main financial reports, namely the Balance Sheet, the Income Statement and the Cash Flow Statement
  5. Apply commonly used techniques to analyse an organisation's financial statements
  6. 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
  7. Describe the budgeting and planning process
  8. Identify the methods commonly applied in making capital investment decisions
  9. Appreciate the role of health financing in the broader context, including different approaches to health funding

Key dates and timetable

(1), (2)

Each class is numbered in brackets.
Where more than one class is offered, students normally attend only one.

Classes are held weekly unless otherwise indicated.

FULL

If you are enrolled for this topic, but all classes for one of the activities (eg tutorials) are full,
contact your College Office for assistance. Full classes frequently occur near the start of semester.

Students may still enrol in topics with full classes as more places will be made available as needed.

If this padlock appears next to an activity name (eg Lecture), then class registration is closed for this activity.

Class registration normally closes at the end of week 2 of each semester.

Classes in a stream are grouped so that the same students attend all classes in that stream.
Registration in the stream will result in registration in all classes.
  Unless otherwise advised, classes are not held during semester breaks or on public holidays.