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Financial Management in Nursing Practice

Course Description

This course explores basic concepts on financial reporting, resource allocation, and performance management nurse managers need in the daily operations of their units or workplaces. It includes topics in budgeting, revenues and costs, staffing, and performance monitoring/evaluation tools.

Course Objectives

At the end of the course, participants will be able to:

  1. Interpret financial reports/statements used in decision-making;
  2. Prepare a budget for their respective units;
  3. Analyze the common types of revenues and costs in health care affecting nursing care;
  4. Utilize performance management tools in monitoring and evaluation; and
  5. Demonstrate the role of nurses in financial management.

Course Delivery and Materials

The course materials include course guide, study guides, and reading materials that will be uploaded in the course site.

Course Requirements

  • Budget Preparation
  • Financial Report Analysis

Admission Requirements

A graduate of a Bachelor of Science in Nursing degree.

Course Structure

This non-formal course is divided into 12 modules which are grouped into 4 units. The first unit covers an introduction that looks into the financial environment and the nurses’ role. The second unit focuses on preparation and analysis of budgets. Revenue, cost analysis and resource allocation are tackled in the third unit. While performance management tool particularly the use of dashboard and scoreboard is covered in the fourth and last unit.

Unit I. Financial Frameworks

Module 1: Financial environment in the health care setting

Module 2: The language of finance: Basic accounting principles and financial concepts

Module 3: Financial Statements and Financial Position

Module 4: Financial position analysis

Unit II. Budget

Module 5: Basic budgetary concepts

Module 6: Types of budget

Module 7: Budget variance analysis

Module 8: Budget preparation

Unit III. Revenue, Costs and other Resource Allocation

Module 9: Sources and types of revenues

Module 10: Sources and types of costs

Module 11: Costs and issues related to staff

Unit IV. Performance Management

Module 12: Dashboard and Scorecards


Interested participants may register online using the Online Sign-up form, or visit the Faculty of Management and Development Studies, UPOU HQ, Los Baños, Laguna. Details of course offering will be emailed a month before the start of class. (This includes the admission form with the assessment of fees and payment procedures.)

Schedule of Course Offerings

For inquiries, please email FMDS @ This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at (049) 536-6010.


DMSW Comprehensive Exam

This is a gentle reminder for DMSW Comprehensive exam takers who finished all 39 units (MSW) and 33 units (DSW) last 1st semester AY 2018-2019. You should be enrolled for residency this 2nd semester before taking the exam on May 6, 8, and 10, 2019.

Please get in touch with the Program Chair as soon as possible or before May 1, 2019.

 FMDS Comprehensive Examination Dates (2nd semester 2018-2019)

Diploma in Social Work

  • Human Behavior & Social Environment Social Welfare Policies and Research (May 6, 2019)
  • Social Work Profession and Practice Social Agency , Leadership and Management (May 8, 2019)

Master of Social Work

  • Human Behavior & Social Environment Social Welfare Policies and Research (May 6, 2019)
  • Social Work Profession and Practice Social Agency, Leadership and Management (May 8, 2019)
  • Area of Specialization (May 10, 2019)

Master of ASEAN Studies (July 5, 2019)

Master of Arts in Nursing

  • Content (July 16, 2019)
  • Methodology (July 18, 2019)

Master of Environment and Natural Resources Management

  • General Field (May 29 , 2019)
  • Major Field (May 31, 2019)

Master of Public Management

  • General Field (May 28, 2019)
  • Public Policy and Program Administration (May 30, 2019)
  • Local Government and Regional Administration (LGRA) and Voluntary Sector Management (VSM) (June 1, 2019)

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