Course overview
The aim of this course is to provide students with an advanced understanding of the funding of health and aged care; the role of planning and budgeting; how to identify cost efficiencies; and how to contribute in financial decision-making.
Understanding the importance of health in relation to the economy
Approaches to funding and the linkages to decision-making in health and aged care
The role of accounting and economics in a health service context
Planning, control and budgeting
Cost-volume-profit analysis
Capital investment decisions
The purpose and function of financial statements, including the elements, format, presentation and limitations of the:
o Balance sheet
o Income Statement
o Statement of cash flows
Analysis of performance and financial position
Cost management and control
The role of spreadsheets in analysis and communication for decision-making.
Course learning outcomes
- Apply accounting principles and concepts in order to understand what accounting information is, what it means and how it is used
- Explain the significance of accounting information in the health service environment (including its limitations).
- Interpret financial reports and apply knowledge to critically analyse corporate financial and non-financial information.
- Apply management accounting techniques to oversee preparation of budgets and assist in decision making.
Availability
Class details
Online
Class number 50067
Section 01OL
Size 30
Available 30
Adelaide City Campus East
Class number 57860
Section SE01
Size 10
Available 10
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