Financial management | Australian College of Nursing

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Financial management

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This unit of study is designed to form the basis for a sound understanding of financial management. Funding arrangements in the Australian health care system, including economic principles and decision-making, and the implications of scarce resources, are outlined. Accrual accounting, cost centre management and major issues in private versus public financial management are explored. The course also provides comprehensive coverage of the impact and place of casemix in contemporary financial management and the principles and practice of budgeting, incorporating casemix-based data and information. Private sector financial management issues and the application of casemix and financial management in the aged care sector are also discussed, providing a sound overview of financial management in health care generally.

Financial management

Unit of study code



Graduate Certificate in Leadership and Management

Graduate Certificate in Community and Primary Health Care Nursing

PG Single Unit of Study






Tier 1

Prescribed texts: Nil

Co-ordinated by: Ashley Page MACN



Intended learning outcomes for this subject/program

After completing this subject, the learner will be able to:-

Assessment Tasks

Type of assessment

Not the completed assessment item. E.g. Assessment 1. Online discussion 


(% of total marks)

When assessed – academic week

(e.g. Week 8)

Theme 1:  Healthcare – economics and financing

a) Explore health economics literature and analyse economics and financial decision making

Assessment 1 Online discussions x 3



Theme 2: Principles and practices of budgeting

b) Discuss contemporary funding options and case-mix information

Assessment 2 Essay (2000 words)



Theme 3: Financial accounting concepts for nurses

c) Define and explain current concepts relating to financial accounting

Assessment 3 Case analysis (2500 words)



Theme 4: Funding in aged care

d) Investigate the process of business planning in the health care context





e) Compare and contrast budgeting approaches





f) Examine budgeting and build a staffing budget





g) Apply the principles of financial management to specific clinical areas.





Tier 1 = $2,035

Tier 2 = $2,345

Tier 3 = $2,725

Tier 4 = $3,275

*Fees are are subject to change without notice.