School of Health Sciences
Western Sydney University
Unit Code: 401362
Unit Name: Health Services Financing
Credit Points: 10
Unit Level: 7
Assumed Knowledge: Competent use of Microsoft Excel, and high school mathematics (arithmetic, formulas and
algebra, reading graphs).
Summary: Summary of a Budget Interpretation
Understanding and interpreting budgeting information is crucial when addressing organisation strategic priorities,
planning and evaluating the effectiveness of the organisation. Health services managers must interpret budgets to
identify elements that should be discussed in future planning meetings. This may include areas where expenses are
higher than anticipated or may not be operating in the most cost-effective manner.
For this task, students will be provided a sample budget for a health service. Students will need to interpret the
budget and then provide a summary of their findings and key discussion points that would be addressed in a review
of the service’s performance throughout the fiscal year. The budget summary should present budget and actual
transactions in summary form. This assists individuals in fiscal roles understand how the actual revenues compare to
the budget and how actuals in the current fiscal year compare to previous fiscal years. Providing a budget summary
helps identify where activity can be increased or where it may be necessary to reduce activity.
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