Finance Essentials for HR Professionals Course
Finance Essentials for HR Professionals Course
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Course Overview:
This two-day workshop is ideal for HR professionals who would like to be more financially skilled. Starting from scratch, you’ll understand the key financial concepts that are of crucial importance in the boardroom. And we break these concepts down to see what they mean for you in your role. We cover the big picture; how accountants think; how the numbers help you understand performance and set targets; budgeting and forecasting; and investment appraisal – everything you need to know to engage more effectively with your business partners.
OUTCOMES
- Understand key corporate finance concepts such as ROI and cost of capital
- Understand balance sheets and income statements and use them confidently
- Contribute effectively to budgets and forecasts
- Be able to evaluate investment proposals using concepts such as NPV and IRR
- Understand the key drivers of profitability and efficiency and the link with both HR metrics and remuneration
- Make better decisions by understanding the financial impact of your actions
- Be able to speak the language of the boardroom and be able to communicate more effectively with finance professionals
WHAT'S INCLUDED
- Breakfast, lunch and snacks throughout the day at one of wallacespace’s lovely venues
- A folder containing all your course materials
- A copy of our printed financial glossary
- Briefing papers, online courses and quizzes available after your course via a virtual classroom
- Access to our tutors by phone or email should you have any questions after your course
WHAT YOU WILL LEARN
The Big Picture
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- Business structures – funding & ownership
- Stock markets & securities
- Issues for listed companies
- Share price and why it matters
- Who companies report to & the role of auditors
- Incentive schemes for management & staff
Corporate Finance Essentials
- Shareholder value – what it really means
- Capital structure and gearing/leverage
- Cost of capital and introduction to ROI
- The link with corporate strategy
Investment Appraisal
- Concepts, definitions, building models
- Payback periods
- Net Present Values & IRRs
- Making the business case
- Evaluating outsourcing
Accounting Essentials
- Accounting concepts, principles, terminology
- How the financial statements fit together
- Key concepts and how accountants think
- When are sales and costs included?
- Accruals and prepayments, depreciation and capex, capital vs revenue costs
Balance Sheet
- Tangible assets, intangible assets, goodwill
- The working capital cycle
- Asset utilisation/efficiency
Profitability
- Income statement definitions, responsibilities
- EBITDA and other P&L jargon
- Analysing profits
- Measuring performance from an HR angle
Cash Flows
- Definitions – profits versus cash flows
- Analysing and managing cash flows
Financial Analysis
- Return on investment and other key performance indicators
- Triggers for incentive schemes
- Comparing performance – tips and pitfalls
Financial Planning
- Budgets – definitions, examples, difficulties
- Forecasting
- Cost types and behaviours
- Variances and other month end issues
Summary and conclusion and how to continue learning.
