GSBS6385
10 units
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.
Availability2024 Course Timetables
Singapore NAIHE
- Trimester 1 - 2024
Newcastle City Precinct
- Trimester 1 - 2024
Online
- Trimester 1 - 2024
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:
- An introduction to accounting and financial management
- The time value of money and the investment decision
- Cost accounting concepts
- Financial statement analysis
- Budgeting
Assessment items
Written Assignment: The Investment Decision
Written Assignment: Accounting Information for Decision Making
Case Study / Problem Based Learning: Healthcare Organisation Case Study
Contact hours
Trimester 1 - 2024 - Singapore NAIHE
Workshop-1
- Face to Face On Campus 3 hour(s) per week(s) for 12 week(s) starting in week 1
Trimester 1 - 2024 - Newcastle City Precinct
Online Activity-1
- Self-Directed 6 hour(s) per term
- For Face to face mode - 6 hrs of online content per term provided for self directed learning
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Trimester 1 - 2024 - Online
Online Activity-1
- Online 30 hour(s) per term
Course outline
- GSBS6385 - Trimester 1, 2024 (Naihes) (PDF, 222.0 KB)
- GSBS6385 - Trimester 1, 2024 (Ncle) (PDF, 222.2 KB)
- GSBS6385 - Trimester 1, 2024 (Online) (PDF, 218.0 KB)
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.