Program Finder

This course will strengthen your practical understanding of the financial statements, and you will gain intellectual insights into finance and accounting management. You will learn how to address business challenges through applied financial principles. Payment Deadline: November 4, 2024

This course will help students translate organizational objectives into action through the design of effective performance measurement techniques, performance-based compensation schemes, and other management control mechanisms. There will be a focus on avoiding typical pitfalls that undermine the effectiveness of these design choices. In this course, students will learn: • The challenges of motivating employees. • Best practices in compensation design and performance measurement that help to align employees’ decisions with organizational goals. • Typical pitfalls of compensation schemes and ways to avoid them. • Societal aspects of organizational pay practices.

This course focuses on how to measure and use cost performance information in planning and controlling a healthcare organization's operations. You will learn to identify costs and benefits relevant for making economic decisions; estimate the costs of providing services and products to patients; assign cost and price services to yield a desired level of profits; use cost-volume-profit relationships to evaluate profitability and risk; create budgets to acquire and effectively allocate an organization's economic resources; investigate the reasons why budgets and actual results differ; and design management control and performance evaluation systems to ensure strategic alignment throughout the organization.