Available in 2022
Course code

GSBS6385

Units

10 units

Level

6000 level

Course handbook

Description

Financial Management and Decision Making in Healthcare is the application of accounting and finance principles to assist decision making in healthcare. Students apply the main accounting and finance concepts of the time value of money and the investment decision, cost accounting, financial statement analysis, budgeting and performance evaluation in assisting managers allocate scarce resources in healthcare decision making.


Availability

Newcastle City Precinct

  • Trimester 1 - 2022

Online

  • Trimester 1 - 2022

Learning outcomes

On successful completion of the course students will be able to:

1. Evaluate financial management and the role finance plays in decision making in healthcare organisations

2. Apply and appraise analytical tools used in making investment decisions in healthcare

3. Implement and evaluate cost accounting concepts used in healthcare decision making

4. Apply financial statement analysis on financial statement information from healthcare organisations

5. Prepare and analyse budgets to assist in decision making


Content

The topics in this course include (but is not limited to) the following modules:

  1. An introduction to accounting and financial management
  2. The time value of money and the investment decision
  3. Cost accounting concepts
  4. Financial statement analysis
  5. Budgeting

Assessment items

Written Assignment: The Investment Decision (25%)

Written Assignment: Accounting Information for Decision Making (25%)

Case Study / Problem Based Learning: Healthcare Organisation Case Study (50%)


Contact hours

Online

Online Activity

Online 3 day(s) per Week for Full Term starting in week 1

Newcastle City Precinct

Workshop

Face to Face On Campus 36 hour(s) per Term Full Term starting in week 1

The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.