Accounting and Finance for the Human Resources Professional
Certification Course: T2

Learn to Speak the Language of Business

This intermediate-level course presents an introduction to accounting practices* and will provide you with the understanding you need to interact effectively with accounting and finance departments in your company.

• Identify the key financial components of the annual report: balance sheet, income statement,
  statement of cash flows and shareholders’ equity/retained earnings
• Describe the importance of cash flow to companies and shareholders
• Focus on the measures and processes used to assess companies’ financial health
• Recognize the measures that are affected directly or indirectly by the HR function
• Explore methods of financing the business and financial planning issues
• Focus on the relationship between the HR department and the finance department

*Courses offered in the U.S. will follow U.S. regulations. Courses offered in Canada will follow Canadian regulations.

Who Should Attend
This is intended for human resources professionals with limited knowledge of accounting and finance.

What You Will Learn

Introduction to Accounting

• The total rewards model
• HR—a strategic business partner
• Governing bodies and policies
• Major groups of accounts
• Financial statements
• Accounting types
• Financial measures
• Problems with accounting
  
• Underlying principles
• Components of the annual report

The Balance Sheet

• Assets
• Liabilities
• Shareholders’ equity
• Summary concept
• Class exercise
• Liquidity measures
• Debt ratios

The Income Statement

• Revenue/sales
• Cost of goods sold
• Gross margin
• Operating expenses
• Other income and expenses
• Provision for taxes
• Extraordinary items
• Net income
• Earnings per share
• Return on sales
• Class exercise

Statement of Cash Flows and Shareholders’ Equity

• Statement of Cash Flows
  • Methods
  • Categories
• Statement of shareholders’ equity
• Review of the four required statements

Financial Analysis

• Overview of financial measures/ratios
• Liquidity measures review
• Debt ratios review
• Profitability measures
• Funds management ratios
• Other performance measures
• Review of financial measures
• Class exercise

Planning and Financing the Business

• Financial planning
  • Typical planning process
  • Developing business plans
  • Evaluating capital projects
• Financing the business
• Financing sources
  • Long-term
  • Leases
  • Short-term

The Strategic Partnership—Human Resources and Finance

• Human resources and finance
• Recording compensation and benefits costs
• Wages and salaries
• Incentive pay
• Benefits costs
• Mandatory benefits
• Welfare benefits
• Retirement plans
• Communication
  

	Credits CCP: Required CBP: Required Certificate in Executive Compensation: Required Recertification: 2 course, .5 Exam CEUs: 1.5 Course, .3 Exam CPEs: 16 GRP Equivalency: None CPIM/CFPIM/CSCP: 14 points PHR/SPHR/GPHR recertification hours: 16
	Faculty
	Course book amendments
	Test your knowledge

Consider Bringing This Course to Your Location This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.