CCP – T2: Accounting and Finance for the Human Resources Professional
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As a human resources professional, the ability to interact effectively with the accounting and finance departments within your organisation is a vital skill. This course provides an introduction to U.S. accounting regulations and practices that will enable you to better speak the language of finance and acounting. You will gain skills allowing you to interact more effectively with these departments and make HR decisions that impact and support your organisation’s financial health.
The course will empower you with foundational understanding of the following concepts:
The key financial components of the annual report.
The relationship between HR and the finance and accounting departments.
The measures and processes used to assess a company’s financial health.
The importance of cash flow to the company and shareholders.
Methods of financing the business and issues related to financial planning.
This course is designed for the HR professional seeking to gain understanding in the areas of accounting and finance.
What you will learn
Introducing to Accounting: This accounting primer provides learning in the areas of governing bodies and policies, major groups of accounts, financial statement, accounting types, financial measures, problems with accounting,
underlying accounting principles and the components of the annual report.
The Balance Sheet: Become a pro at interpreting balance sheets by learning about assets, liabilities, shareholders’ equity, the summary concept, liquidity measures and debt ratios. You will also practically apply your knowledge of balance sheets in a class exercise.
The income Statement: You’ll never be intimidated by an income statement again once you learn about revenue/sales, cost of goods sold, gross margin, operating expenses, other income and expenses, the provision for taxes, net income, as well as the financial measures of earnings per share and return on sales. You will also practically apply your knowledge of income statements in a class exercise.
Financial Analysis: Develop a better understanding of financial measures/ratios, including liquidity measures, debt ratios, profibility measures, funds management ratios and other performance measures. You will also apply financial analysis in a class exercise.
Planning and Financing the Business: Learn the concepts of financial planning, including the typical planning process, developing business plans and evaluating capital projects. Understand financing sources, including long- and short-term
sources and leases.
The Strategic Partnership: Put it all together in this section covering the critical relationship between HR and finance. Learn about recording compensation and benefits costs, wages and salaries, incentives pay, benefits costs, mandatory benefits, welfare benefits, retirement plans and communication.
This course will provide you with the skills and knowledge you need to understand finance and accounting fundamentals. It will empower you to become an asset to your company through your ability to make HR recommendations and decisions that impact the financial health of the organisation.
E-learning plus e-binder & online exam
E-binder & online exam
All materials and binder will be in electronic format.
For e-learning arrangement, participant will receive an email invitation to activate a Learner Dashboard (WorldatWork platform) account for accessing educational contents and pre-recorded videos.