Financial and Economic Management for Health and Aged Care

Postgraduate | 2026

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area/catalogue icon
Area/Catalogue
HLTH 5002
Course ID icon
Course ID
203822
Level of study
Level of study
Postgraduate
Unit value icon
Unit value
6
Course level icon
Course level
5
Study abroad and student exchange icon
Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
No
University-wide elective icon
University-wide elective course
No
Single course enrollment
Single course enrolment
No
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Note:
Course data is interim and subject to change

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.

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A