6 points, SCA Band 3, 0.125 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Not offered in 2018
This unit introduces basic accounting principles for non-accountants. The information requirements of two main groups are examined - external users such as owners or investors; and internal users such as managers. The structure, meaning, analysis and interpretation of financial statements are explored, together with key measures of assessing financial performance. Financial issues confronting healthcare managers, such as budgeting, cost management and performance measurement are also introduced.
The learning goals associated with this unit are to:
- demonstrate an understanding of key accounting principles, terms and language
- apply financial accounting principles in the preparation of key financial statements incorporating the balance sheet, the income statement and the statement of cash flows
- analyse and interpret the information contained in basic financial statements and be able to draw conclusions about financial performance, financial position, liquidity and risk of firms in the healthcare sector
- demonstrate skills in building, analysing and using a budget and
- apply the principles of management control systems to financial issues in healthcare.
Within semester assessment: 100%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information