Financial and Economic Management for Health and Aged Care

Course aim

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.

Course content

• 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.

Textbook(s)

Young D 2014, Management Accounting in Health Care Organizations, 3rd ed, John Wiley & Sons, San Francisco

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY EAST
Seminar	2 hours x 13 weeks
EXTERNAL, CITY EAST, ONLINE
Online	2 hours x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Report, Test/Quiz

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.