PCSL 9N568 - HR Finance and Accounting
Programming Description
In this course, you'll explore accounting concepts and practices, enabling effective collaboration with finance departments. You'll gain a deeper understanding of critical financial concepts and procedures—like financial statements, statement analysis, financial strategy, budgeting, and cost behaviour. You'll learn how to align business, financial, and HR strategies. By the course end, you'll confidently navigate the accounting and financial aspects of HR decision-making.Learner Outcomes
By the end of this course, you will
• Describe the nature of financial accounting, management accounting and finance, and how they relate to the rest of the organization including human resources.
• Explain the conceptual foundations of financial accounting, management accounting and finance, and be familiar with the principal reports they produce (particularly those likely to be used by Human Resource Managers).
• Execute detailed calculations and interpretations (with particular emphasis on applications in the Human Resources area) of the income statements, the balance sheet and the statement of cash flows, financial ratios, contribution margin and break-even analysis, the preparation of operating budgets, net present value, payback and return on assets for investment proposals.
• Differentiate between capital and operating budgets.
• Prepare operating budgets including the application of activity-based costing and allocation of service department costs.
• Assess responsibility centers in a decentralized organization by utilizing performance measurement tools.
• Develop appropriate measures of corporate performance for use in the balanced scorecard.
Notes
TIME COMMITMENT: This micro-credential consists of 40 Hours of learning. This time allotment includes ongoing and active participation in the online discussion area and the completion of readings, assignments and tasks.
OSAP Eligibility: This course qualifies for OSAP funding as a micro-credential.
Applies Towards the Following Certificates
- Professional Certificate in Human Resources : Electives
