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312.603.11
Fundamentals of Budgeting and Financial Management

Location
East Baltimore
Term
Summer Institute
Department
Health Policy and Management
Credit(s)
3
Academic Year
2018 - 2019
Instruction Method
TBD
Start Date
Monday, June 11, 2018
End Date
Wednesday, June 13, 2018
Class Time(s)
M, Tu, W, 9:00am - 5:20pm
Auditors Allowed
No
Available to Undergraduate
No
Grading Restriction
Letter Grade or Pass/Fail
Course Instructor(s)
Contact Name
Pamela Davis
Contact Email
Frequency Schedule
Every Year
Description
Provides students with an understanding of budgeting as an important management tool. Focuses on budget development, evaluation of the financial status of a department or operating unit and the ability to determine what, if any, corrective actions need to be taken. Includes strategies for measuring and reporting skills. Considers the analytical tools used to support evaluation and decision-making including; volume adjusted variance analysis, benefit-cost ratio analysis, breakeven analysis, process flow analysis, benchmarking, and methods for building cost standards.
Learning Objectives
Upon successfully completing this course, students will be able to:
  1. Explain budgeting as a key component of the administrative process
  2. Develop budgets for service volume, revenues, salaries and supplies, and equipment
  3. Evaluate the financial status of a department or operating unit and determine what, if any, corrective actions should be taken
  4. Prepare marginal P&Ls, benefit-cost ratio analysis, and breakeven analysis and ad hoc financial analyses
  5. Use benchmarking to improve operational performance
Enrollment Restriction
Restricted to graduate students