Financial Intelligence for HR People

10-11 October, 2010

About the course

Participant will know basics of finance and financial statements. They will learn how to understand the financial strengths & weaknesses of firms and the relation with HR application. The program will provide the participants with a wide range of fundamental & analytical tools to use in their daily work.

Key Benefits

Upon the completion of this module, the participant will be able to:

Ü  Read and understand financial statements

Ü  Use and understand financial ratios

Ü  Apply rations on HR scope

Ü  Understand projects and return on Investment.

Ü  Develop an analytical framework for the HR department

Course Outlines

Ü  The art of Finance and Accounting

Ü  The Income Statement

1. 1. Cracking the code of Income Statement
   2. Revenue recognition
   3. Cost & expenses
   4. Profit and what does it mean for profit sharing & compensation

Ü  Balance sheet

1. 1. Basics of Balance Sheet (Assets, Liabilities & Owner Equity)
   2. Why balance sheet balances
   3. How Income Statement affect Balance Sheet
   4. Employees as assets and employees as liability

Ü  Cash Flow statement

1. 1. Profit is not cash
   2. Cash flow language

Ü  Foundations of Ratio and Financial Analysis from HR perspective

1. 1. Profitability
   2. Leverage
   3. Liquidity
   4. Efficiency
   5. Key HR ratios

Ü  Investing in people

1. 1. Return on Investment
   2. Return on Human Capital
   3. Payback period

Ü  Create a financially intelligent HR department

Course approach

The approach used on this course combines formal theoretical instruction with application on market data and listed companies.

Case studies are based on real companies and are designed to help delegates understand financial statements and application of finance on HR functions. Delegates are Not expected to know basics of the financial statements. Preferably to bring a personal computer with Excel program installed.

Who should attend?

1. 1. HR staff
   2. Employees with basic knowledge of finance

Program logistics

ð  Course Dates & Duration:

1. 1. Course dates: 10-11 October 2010
   2. The courses are from 9:00 a.m. to 4:00 p.m.