Week 9: Financial Accounting Analysis

Week 9: Financial Accounting Analysis

Envisioning a new plan, program, or initiative that has the potential to benefit a community, city, state, or nation is relatively easy. The most difficult aspect of embarking on this journey is determining how to finance this inspired plan, program, or initiative. Locating appropriate funding sources is a large task made more difficult by each funding sources’ specific rules and regulations governing the use and distribution of funds. It is a tremendous challenge to be sure, but not an insurmountable one.

This week, you will explore the financial needs and possible funding sources associated with implementing your selected public health solution. You also consider funding challenges and strategies related to addressing those challenges.

Learning Objectives

Students will:

• Analyze budget line items, costs, sources of revenue, and deficits
• Analyze the fiscal soundness and long-term viability of a selected public health initiative
• Analyze the relationship between public health expenditures and public health outcomes
• Analyze expenditure and revenues associated with public health initiatives

Learning Resources

Note:To access this week’s required library resources, please click on the link to the Course Readings List, found in theCourse Materialssection of your Syllabus.

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Required Readings

Mays, G., Beitsch, L., Corso, L., Chang, C., & Brewer, R. (2007). States gathering momentum: Promising strategies for accreditation and assessment activities in the multistate learning collaborative applicant states. Journal of Public Health Management and Practice, 13(4), 364–373.

U.S. Department of Health and Human Services (2009, June). Public health service: PHS 398. Retrieved from http://grants.nih.gov/grants/funding/phs398/phs398.html
Grant Application PHS 398. U.S. Department of Health and Human Services Public Health Service.

Document: Grant-Funding Process and Funding Sources (Word document)

Document: Sample Completed SPP Form with Annotations (PDF)

Document: Scholar-Practitioner Project (SPP) Guidelines (Word document)

Required Media

Laureate Education (Producer). (2015). Grant writing—What foundations look for [Video file]. Baltimore, MD: Author.

Note: The approximate length of this media piece is 16 minutes.

Project: Scholar-Practitioner Project

Part 2: Financial Accounting Analysis

For this part of your Scholar-Practitioner Project you will develop a financial accounting analysis of the public health initiative you selected in week 2. In your analysis be sure to incorporate return on investment, time-value of money, and inflation factors.

The financial accounting analysis should include:

• A 5-year proposed budget including major line items. Please use PHS398 form page 4 and PHS 398 form page 5.
• See blank forms for proposed budget on NIH grants page located here:

Grant Application PHS 398 U.S. Department of Health and Human Services Manual

• An analysis of budget line items, costs, sources of revenue, and deficits
• An analysis of the fiscal soundness and long-term viability of the public health initiative

Be sure to review the example budget in the Resources area of Week 9

Assignment length: 5–6 pages

By Day 7

Submit your Assignment.

Support your Project Assignment with specific references to all resources used in its preparation. You are to provide a reference list for all resources, including those in the Learning Resources for this course