Robert Shiau is the Administrative Director for the Department of Clinical Neurosciences (Neurology & Neurosurgery) at Mount Sinai Downtown Union Square and Mount Sinai Beth Israel. Robert has over 15 years of experience in public health, policy development, program management, and healthcare administration. Previously Robert served as the Administrator of Ambulatory Services for the Department of Medicine at Mount Sinai Beth Israel. Additionally, Robert has worked at the New York City Department of Health and Mental Hygiene, the NYC Mayor's Office of AIDS Policy Coordination, and Standard & Poor's. He received his Bachelor of Arts in Economics from Yale University and his Masters in Public Administration from NYU's Robert F. Wagner Graduate School of Public Service.
In this core course in financial management, students will learn the fundamentals of budgeting and accounting for public, health, and nonprofit organizations. Through readings, lectures, real-world case studies, and assignments, students will gain an understanding of how to use financial information in organizational planning, implementation, control, reporting, and analysis. In addition, students will have the chance to develop their spreadsheet skills by using Excel to perform financial calculations and create financial documents.
The first half of the course focuses on managerial accounting, a set of tools used by managers for planning, implementation, and control. Topics in this portion of the course include operating budgets, cash budgets, break-even analysis, indirect cost allocation, variance analysis, the time value of money, capital budgeting, and long-term financing.
The second half of the course focuses on financial accounting, a set of tools used by managers and outside observers for reporting on and analyzing an organization’s financial health. Topics in this portion of the course include the preparation and analysis of financial statements (balance sheet, activity statement, and cash flow statement), ethics in financial management, and government accounting and financial condition analysis.