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

Accounting and Finance for the Human Resources Professional

Learn to speak the language of business!  This course presents an introduction to U.S. accounting regulations and practices.  It 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
■ 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

What You Will Learn

Introduction to Accounting

• 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
• Liquidity measures
• Debt ratios

The Income Statement

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

Statement of Cash Flows and Shareholders' Equity

• Statement of Cash Flows - Methods
• Statement of Cash Flows - 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

Planning and Financing the Business

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

Call 877-951-9191 or +1 480-922-2020 for an Customer Relationship Services Representative
E-mail customerrelations@worldatwork.org
Fax  Registration Form to 866-816-2062 or +1 480-483-8352