This unit provides students with a comprehensive understanding of financial management in health care settings. Financial acumen is an important skill for nurse managers in the complex healthcare environment. The unit takes a multidisciplinary approach to develop advanced analytical, planning and decision-making skills. Students will demonstrate a variety of financial decision making skills to take on effective business and financial management functions. Students will also demonstrate how to manage healthcare business units in a fiscally appropriate way.
Unit details
Location:
Victoria University Online
Study level:
Postgraduate
Credit points:
12
Unit code:
HNO7007
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Learning Outcomes
| 1. | Identify challenges for financial managers in a healthcare context; | ||
| 2. | Work with and analyse budgets used in healthcare settings; | ||
| 3. | Utilise key accounting terms and principles of financial information and control to healthcare administration; | ||
| 4. | Demonstrate an understanding of key accounting principles, terms and language; and | ||
| 5. | Analyse and interpret the information contained in basic financial statements to draw conclusions about financial performance, financial position, liquidity, and risk of firms in the healthcare sector. |
Assessment
| Assessment type | Description | Grade |
|---|---|---|
| Assignment | Challenges for financial managers (500 words) | 10% |
| Presentation | Financial reporting and management skills (2000 words) | 40% |
| Research Paper | Financial leadership in a healthcare setting (2500 words) | 50% |
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