Module 1 is an introductory module and covers the elements of the funding systems in the Australian health, aged and social care sectors.

In this module, you will learn about the key contemporary issues around the various aspects of health sector finance including the health system's funding, the various revenue sources, and how funding works.

In this module, participants will learn more about the funding concepts that were introduced in Module 1 and the way that funding is allocated within a health service using budget allocations and business cases.

This module is designed to allow non-financial managers in health to understand in more detail the methods used by funders to identify the amount of funding to be allocated to a health service, and subsequently how a health provider allocates funds to the assorted services within its organisation.

In this module participants will learn about:

·       information reported in annual reports and audited annual financial statements

·       the differences and similarities between external and internal financial and performance reporting

·       business analysis techniques and uses within health systems

·       financial and other information available to cost centre managers

Boards, Executives and Managers use financial and other business or performance information to inform their decision making.  It is important therefore that financial information is not only accurate, but presented in ways which clearly informs and therefore assists each level of an organisation’s management or governance structure in understanding the financial performance.

In this module we will explore how organisations use financial information in making decisions, with a focus on management and executive level information.