Business and technology qualifications, Levels 3-6, in Brussels. Explore qualifications
Portal login
Level 7 Diploma in Health and Social Care Management

Interpreting Healthcare Budgets

HSC703 · Managing Finance in the Health and Social Care Sector — Week 9 of 16

CourseHSC703
Week9 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Interpreting Healthcare Budgets

  1. Incremental vs zero-based budgeting
  2. Variance analysis and cost control
  3. Clinical departmental budget reports
  4. Flexible budgeting under demand fluctuations
  5. CIMA P1 Budget Styles, Methods of budgeting
  6. Flexible & Flexed Budgets MADE EASY | ACCA paper PM / F5 | Q. Corfe | PM Budgeting Help
  7. MA34 - Variance Analysis - Explained

What you will be able to do

  • 3.2 Interpret organisational budgets in health and social care
  • 2.3 Evaluate the process of budgetary control and revenue management in a health and social care organisation.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: interpret organisational budgets in health and social care

Study materials

Videos

  • CIMA P1 Budget Styles, Methods of budgeting · YouTube · OpenTuition · 20 min · for registered students
  • Flexible & Flexed Budgets MADE EASY | ACCA paper PM / F5 | Q. Corfe | PM Budgeting Help · YouTube · Steve Willis ACCA · 21 min · for registered students
  • MA34 - Variance Analysis - Explained · YouTube · Tony Bell · 11 min · for registered students

Further resources

  • Principles of Accounting Vol. 2, ch. 7.4–7.5: Flexible budgets and evaluating goals · PDF · OpenStax, textbook chapter; pp. 336–343 · for registered students
  • Managerial Accounting, ch. 10: How Do Managers Evaluate Performance Using Cost Variance Analysis? · PDF · Saylor Academy, textbook chapter; pp. 619–709 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
MidtermWeek 10
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Foundations of Financial Management in Healthcare
  • Week 2: Financial Technology and Accounting Information Systems
  • Week 3: Double-Entry Bookkeeping and Financial Recording
  • Week 4: Financial Performance Evaluation Using Ratios
  • Week 5: Short-Term and Long-Term Financing Needs
  • Week 6: Sources of Healthcare Financing
  • Week 7: Budgetary Control and Revenue Management
  • Midterm: Midterm evaluation
  • Week 9: Interpreting Healthcare Budgets
  • Week 10: Capital Expenditure and Investment Appraisal
  • Week 11: Strategic Financial Recommendations
  • Week 12: Applying Managing Finance in the Health and Social Care Sec…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
Back to the course
Scroll