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The Financing Of Healthcare And Human Services –
hhs265
(3 credits)
This course focuses on conceptual understanding and practice of financial management as it applies to human service agencies. Students complete the course with a better understanding of basic accounting concepts, budgets and budgeting systems, how to create performance measures, and the ability to analyze financial statements for the purpose of cost analysis and forecasting. Aspects of setting fees, funding, and risk management are also covered.
This undergraduate-level course is weeks.
This course is available as part of a degree or certificate program.
To enroll, speak with an enrollment advisor.
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Analyzing Financial Statements
- Utilize financial statements to analyze an agency's financial condition.
- Determine the importance of different budgeting systems.
- Recognize different fund-raising approaches.
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Basics of Accounting
- Define basic accounting terms.
- Prepare financial statements commonly used in human service agencies.
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Budgets and Forecasting
- Recognize major fee-setting issues.
- Determine the correct forecasting method.
- Determine how budgeting systems relate to the systems model.
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Budgets and Pricing
- Calculate a fee.
- Differentiate between a performance budgeting system, program budgeting system, and a line-item budgeting system.
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Cost and Ratio Analysis
- Assess the financial trend of a nonprofit human service agency.
- Calculate financial ratios commonly used in human service agencies.
- Perform cost analysis.
- Create a performance budget.
- Determine when to use break-even analysis and when to use decrease/discontinue analysis.
- Calculate fixed costs, variable costs, and the break-even point for a program.
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Financial Analysis
- Formulate a decision using differential cost analysis.
- Outline the systems model.
- Recognize the importance of cost per output and cost per outcome for a human services program.
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Foundations of Financial Management
- Recognize the importance of financial management in human services.
- Organize a program structure and responsibility center.
- Identify the importance of using the accrual method.
- Compare and contrast different accounting methods.
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Fund Development
- Recognize major types of foundations and how they operate.
- Identify non-traditional sources of funding.
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Funding of Nonprofits
- Distinguish among types of government funding and the relationship each has with the human services industry.
- Recognize various approaches to fund development available to the human services industry.
- Describe different types of government contracts.
- Identify major types of procurement strategies.
- The University of Phoenix reserves the right to modify courses.
- While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
- Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.
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Find out how we can help you meet your goals. Not all courses are available to residents of all states. Ask your Enrollment Advisor for details.
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