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Basics of Finance Management
Study Course Description
Course Description Statuss:Approved
Course Description Version:4.00
Study Course Accepted:02.02.2024 12:29:03
| Study Course Information | |||||||||
| Course Code: | VVDG_018 | LQF level: | Level 7 | ||||||
| Credit Points: | 4.00 | ECTS: | 6.00 | ||||||
| Branch of Science: | Economics; Finances and Loan | Target Audience: | Rehabilitation | ||||||
| Study Course Supervisor | |||||||||
| Course Supervisor: | Alina Dūdele | ||||||||
| Study Course Implementer | |||||||||
| Structural Unit: | Faculty of Social Sciences | ||||||||
| The Head of Structural Unit: | |||||||||
| Contacts: | Dzirciema street 16, Rīga, szf rsu[pnkts]lv | ||||||||
| Study Course Planning | |||||||||
| Full-Time - Semester No.1 | |||||||||
| Lectures (count) | 8 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 16 | ||||
| Classes (count) | 8 | Class Length (academic hours) | 4 | Total Contact Hours of Classes | 32 | ||||
| Total Contact Hours | 48 | ||||||||
| Study course description | |||||||||
| Preliminary Knowledge: | Desired knowledge of economics and business fundamentals. | ||||||||
| Objective: | The aim of the course is to develop students' understanding of the impact of the financing system on the provision of health care and rehabilitation services and to develop basic skills for the analysis and interpretation of financial information. | ||||||||
| Topic Layout (Full-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | Healthcare financing systems. Methods of purchasing services. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 2 | Accounting of economic activities. Accounting. Presentation of financial information in financial statements. | Lectures | 1.00 | auditorium | |||||
| 3 | Costs. Variable, fixed, tiered costs. No-loss threshold. Direct, indirect and overhead costs. Cost centers. Attribution of costs. Cost profile. Out-of-pocket cost. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 4 | Service cost calculation, service price. Company budget. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 5 | Financial analysis: Balance sheet; profit and loss statement; cash flow statement. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 6 | Business planning. Methods of evaluating capital investment projects. The impact of capital investment decisions on the company's economic activity. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 7 | The influence of investment sources on the results of economic activity. | Classes | 1.00 | auditorium | |||||
| 8 | Operational planning assumptions. Drawing up a work plan. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 9 | Preparation of the rehabilitation service implementation business plan. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| Assessment | |||||||||
| Unaided Work: | Literature analysis, tasks - research of rehabilitation services market in Latvia, analysis of the company's financial statements, selection of the company's budget, preparation of the rehabilitation service implementation business plan. | ||||||||
| Assessment Criteria: | - active participation in practical classes; timely submitted, high-quality written works, quality of oral answers; - presentations of independent tasks; - Test at the end of the course: assessment of individual rehabilitation service implementation plan. | ||||||||
| Final Examination (Full-Time): | Exam | ||||||||
| Final Examination (Part-Time): | |||||||||
| Learning Outcomes | |||||||||
| Knowledge: | Students understand the impact of the financing system on the provision of health care services, understand the supply and demand in health care. | ||||||||
| Skills: | Students are able to analyze and interpret simple financial statements, prepare a company budget and a business plan for the implementation of a rehabilitation service. | ||||||||
| Competencies: | Students are able to critically analyze and interpret financial information in health care, are able to organize financial aspects in the course of introducing new rehabilitation services. | ||||||||
| Bibliography | |||||||||
| No. | Reference | ||||||||
| Required Reading | |||||||||
| 1 | M.Rurāne. Finanšu pārvaldība un analīze. Rīga: Avots, 2019. | ||||||||
| 2 | M.Rurāne. Finanšu menedžments. Rīga, 2005. (akceptējams izdevums) | ||||||||
| 3 | Financial Management in Health Services. Reinhold Gruen & Anne Howarth. Opern University press. 2005. (akceptējams izdevums) | ||||||||
| 4 | A.Dudele, T.Korsaka. Finanšu vadība. Rīga, 2003. (akceptējams izdevums) | ||||||||
| 5 | Ārvalstu studentiem/For international students: | ||||||||
| 6 | Financial Management in Health Services. Reinhold Gruen & Anne Howarth. Opern University press. 2005. (akceptējams izdevums) | ||||||||
| Additional Reading | |||||||||
| 1 | S.Berger. Fundamentals of Health Care Financial Management : A Practical Guide to Fiscal Issues and Activities. John Wiley & Sons, Incorporated. 2008. | ||||||||
| 2 | Julia Fox-Rushby &John Cairns. Economic Evaluation. Opern University press. 2005. | ||||||||
| 3 | Goodwin, N., et al. Managing Health Services. Opern University press. 2005. | ||||||||
| 4 | L.Guinness, V.Wiseman. Introduction to Health Economics. 2nd ed., Open University Press, 2011. | ||||||||
| 5 | E.A. McGlynn, et al. Identifying, Categorizing, and Evaluating Health care efficiency measures. PhD, AHRO Publication, April 2008. | ||||||||
| 6 | Drummond M. Methods for the economic evaluation of health care programmes, Oxford university Press, 2015. | ||||||||
| 7 | Morris, et al. Economic Analysis in health care. John Wiley &Sons., Ltd. 2012 | ||||||||
