FUNDAMENTALS OF BUDGETING AND FINANCIAL MANAGEMENT Syllabus
Course Learning Objectives
Upon successfully completing this course, students will be able to:
- Demonstrate an Discussing of budgeting's role as a key component of the administrative process
- Develop budgets for revenues, staffing and salaries, supplies and services, and equipment
- Evaluate the financial status of a department or operating unit using volume adjusted variance analysis to determine the cause(s) of performance deviation
- Use a variety of analytical methods to support sound business decision-making: marginal analysis, benefit:cost ratio analysis, and breakeven analysis
- Demonstrate an Discussing of revenue, cost, and productivity improvement techniques
- Build cost standards, perform bilateral performance mapping, and analyze process flow
- Demonstrate an Discussing of how to perform useful benchmarking analysis
- Develop effective action/implementation plans
Course DescriptionExplains the role of budgeting as a key component of the administrative process. Students learn to develop a budget and evaluate the financial status of a department or operating unit and determine what, if any, corrective actions need to be taken. Presents various analytical methods in management decision making, including benefit/cost ratio analysis, variance analysis, and break-even analysis. Also includes approaches to benchmarking, productivity improvement techniques, and methods for building cost standards.
Intended AudienceMHA, MHS and MPH students
Methods of AssessmentStudent evaluation based on two exams (85%) and class participation (15%)
Additional Faculty Notes:
The final course grade will be composed of the following segments:
- Midterm Examination (40% of final grade) - This is an open book exam (available via CoursePlus) to be returned in compliance with the deadline date via the course drop box.
- Final Exam (45% of final grade) - This is an open book exam (available via CoursePlus) to be returned in compliance with the deadline date via the course drop box.
- Class participation (15% of final grade)
- Students are to submit solutions to the Micro cases to the course drop box in accordance with due dates listed in the Class Schedule. Solutions need not be “correct,” but must be complete and submitted on time to be considered “acceptable.” Solutions will not be accepted after the drop box has closed.
- Failure to submit an acceptable assignment will result in a loss of points: one missing assignment = -2 points, second missing assignment = -8 points, more than two missing assignments = -15 points.
Additional Faculty Notes:
Ward, William J., Jr. Healthcare Budgeting and Financial Management for non-Financial Managers Auburn House
Please see the course Session for a full list of dates and items for this course.
Academic Ethics Code
The code, discussed in the Policy and Procedure Memorandum for Students, March 31, 2002, will be adhered to in this class:
Students enrolled in the Bloomberg School of Public Health of The Johns Hopkins University assume an obligation to conduct themselves in a manner appropriate to the University's mission as an institution of higher education. A student is obligated to refrain from acts which he or she knows, or under the circumstances has reason to know, impair the academic integrity of the University. Violations of academic integrity include, but are not limited to: cheating; plagiarism; knowingly furnishing false information to any agent of the University for inclusion in the academic record; violation of the rights and welfare of animal or human subjects in research; and misconduct as a member of either School or University committees or recognized groups or organizations.
The welcome message is contained in the on line library under the "General" folder tab. Shiv, Karen, Nina (the course TA's) and I are looking forward to meeting all of you.
TA Office Hours
Robert Hart (email@example.com)
Shivani Patel (firstname.lastname@example.org)
Spencer Windonger (email@example.com)Office hours by appointment
Course Objectives(from old syllabus)Course Objectives: Following this course the student will:
1) Understand and be able to describe the characteristics of costs and revenues and their importance in determining organizational profitability and achieving the mission.
2) Explain the role of budgeting as a key component of the administrative process.
3) Know how to develop a budget for revenue, salaries, and supplies.
4) Be able to evaluate the financial status of a department or operating unit and determine what, if any, corrective actions should be taken.
5) Be skilled in a variety of analytical methods (benefit: cost ratio analysis, variance analysis, breakeven analysis, and so on) to support sound management and decision-making -- Understand benchmarking and productivity improvement techniques.
6) Know how to build cost standards.
Disability Support ServicesIf you are a student with a documented disability who requires an academic accommodation, please contact Betty H. Addison in the Office of Student Life Services: firstname.lastname@example.org, 410-955-3034, or 2017 E. Monument Street.