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Course Catalog

312.603.93 Fundamentals of Budgeting and Financial Management

Department:
Health Policy and Management
Term:
4th term
Credits:
3 credits
Academic Year:
2019 - 2020
Location:
Beijing, China
Dates:
Fri 04/24/2020 - Sun 04/26/2020
Class Times:
  • F Sa Su,  8:30am - 5:20pm
Auditors Allowed:
No
Grading Restriction:
Letter Grade or Pass/Fail
Contact:
Judith Holzer
Course Instructor :
Frequency Schedule:
One Year Only
Resources:
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
Methods of Assessment:

This course is evaluated as follows:

  • 35% Midterm
  • 45% Final Exam
  • 20% Participation

Enrollment Restriction:

Part-time DrPH students in the Tsinghua cohort only

Instructor Consent:

Consent required for all students

Consent Note:

enrollment restricted to students in the Tsinghua DrPH cohort only

For consent, contact:

judith.holzer@jhu.edu

Jointly Offered With:
Special Comments:

This course will be offered over a 3-day period in Beijing. Students are required to complete assignments prior to the start of class.