Internal Code: MAS5775 Financial Management 1) Critically examine different funding arrangements used internationally, and/or between the Commonwealth and the States in Australia for health and aged care services. 2) Understand in detail the recent reforms in funding, including government funding, non-government funding, user pays, and current and future issues in financing. 3) Practice basic accounting principles and the language of financial reporting. 4 )Discuss financial management issues, such as accounting for overheads, capital assets, short and long-term liabilities and depreciation. 5) Critically analyse the reporting systems used by health and aged care organisations, including budget statements. 6) Prepare budgets and economic appraisals of funding options. 7) Conceptualise how health information is used to develop performance indicators for management of cost centres, be able to analyse budget variances and evaluate options such as a response to “budget blowouts”. 8) Prepare an application for funding, with consideration of offsets and alternative funding strategies. 24 total views, 2 views today