Finance for HR

Overview

This workshop is designed to provide HR practitioners with working financial knowledge and develop understanding on how to use the information in financial statements to evaluate the performance of an organization. Moreover, they will be exposed to a different side of the HR Functions and its relationship to the financial results of the company.

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Outcome

Explain the relationship between HR team performance and financial performance

Analyze the financial performance of HR department.

Explore the relationship between efficiency of recruitment.

function and company financial performance

Build HR financial function

Details

Developed by: Beacon FinTrain
Total Hours: 18 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Difference between Finance and Accounting
  • Basic Accounting Concepts
  • Financial Reporting Process
  • Accounting equation
  • Purpose of Financial Statements

  • The need for ratio analysis of external financial statements
  • Strengths and weaknesses of ratio analysis
  • Major ratios commonly

  • The difference between the accounting process and cash flow
  • Importance of liquidity, profitability VS. liquidity
  • Financial analysis (meaning, equation, and impact)
  • ROI Financial for Non-Financers
  • ROE Financial for Non-Financers
  • Current Ratio Financial for Non-Financers
  • Acid Ratio Financial for Non-Financers
  • Turnover Ratio Financial for Non-Financers
  • The power of Earning
  • Financial Forecasting and Planning Requirements

  • Budgeting process
  • Budgeting Techniques
  • Forecasting Methods
  • Weighted moving average
  • Seasonality Index
  • Steps toward building a budget
  • Revenues Budgets
  • Direct costs budgeting
  • Overhead’s budgeting
  • Income Statement Budgeting

  • Capital Structure of a Company
  • Raising and Managing Long-Term Capital
  • Cost of Capital and Firm Value
  • Lease Financing and Management
  • Equity Financing and Management
  • The overall business risk from a finance perspective

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Who Should Attend

  • Non-Financial of all levels from HR department in the organization

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.