Accounting and Finance for the Human Resources Professional (T2)
August 23-24, 2018
As a human resources professional, the ability to interact effectively with the accounting and finance departments within your organization 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 accounting. You will gain skills allowing you to interact more effectively with these departments and make HR decisions that impact and support your organization’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.
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
- Provision for taxes / Net income
- Earnings per share / Return on sales
Statement of Cash Flows and Shareholders’ Equity
- Statement of Cash Flows
- Statement of shareholders’ equity
- Review of the four required statements
- Debt ratios review
- Profitability measures
- Funds management ratios
Planning and Financing the Business
- Financial planning
- Typical planning process
- Developing business plans
- Evaluating capital projects
- Financing the business
- Financing sources
The Strategic Partnership—Human Resources and Finance
- Recording compensation and benefits costs
- Mandatory benefits
- Welfare benefits
- Retirement plans
- Communication
Not a NCRF member yet? Click here to find out the benefits of membership and how to join.
Just want to read more about the WorldatWork courses hosted by NCRF? click here
As a member of NCRF, you may attend WorldatWork certification courses in Portland. We have a reciprocation agreement with Columbia Willamette Compensation Group and you may attend their classes at the NCRF member rate. Check out their website for upcoming classes: http://www.cwcg.org/
2018 Training Cost
Course and Exam: Includes tuition, course material and certification exam
• $1,350 NCRF and CWCG members (10% discount off W@W Member price!)
• $1,495 W@W members
• $2,200 non-members
Course Only - 2 day: Includes tuition and course material
• $1,255 NCRF and CWCG members (10% discount off W@W Member price!)
• $1,390 W@W membership only
• $2,085 non-members
Exams:
Exams for the certification courses are offered via computer based testing (CBT) through an external vendor. https://www.worldatwork.org/waw/cbt/faq.html
Register for a course:
To receive the NCRF member pricing; please login to the member only area or contact WorldatWork's Customer Relationship Services at 1-877-951-9191. (Please indicate that you are a current member of NCRF when registering for your course(s).)
