Finance is the language of business, and HR professionals who understand it make stronger business partners. This 60-minute accounting and finance webinar explains the basics in plain terms, with no prior accounting or finance study needed.
You'll learn how assets, liabilities and equity fit together in the accounting equation, and how the income statement, balance sheet, cash flow statement and statement of changes in equity work together. The session also covers financial forecasting and budgeting, cost management and the financial ratios used to evaluate performance.
With this foundation, you can support internal customers in operations, sales, marketing and the executive team, and see how your work ties to the company's results.
WHY SHOULD YOU ATTEND?
Understanding financial fundamentals helps you make informed decisions and work more closely with functional leaders. This session gives HR staff a clearer view of how financial results affect compensation, benefits and department budgets, and how their role contributes to company success.
It also suits entrepreneurs and small business owners, project managers who handle budgets, sales and marketing professionals who need to read financial metrics, and operations managers responsible for controlling costs.
AREA COVERED
- Why financial literacy matters in business
- Key financial terms for business partners
- Assets, liabilities and equity and how they interact in the accounting equation
- The income statement, balance sheet, cash flow statement and statement of changes in equity, and how they connect
- Creating financial forecasts and budgets
- Managing and controlling costs
- Financial ratios for evaluating business performance
LEARNING OBJECTIVES
- Explain why financial literacy matters for HR professionals
- Use key financial terms with confidence
- Describe how assets, liabilities and equity form the accounting equation
- Read the four main financial statements and how they work together
- Build basic financial forecasts and budgets
- Apply cost control strategies and key financial ratios
WHO WILL BENEFIT?
- Entrepreneurs and Small Business Owners: Those who are starting or running their own businesses and need to understand financial fundamentals
- Project Managers: Individuals who oversee projects and need to manage project budgets and financial reports
- Sales and Marketing Professionals: Those who need to understand financial metrics to align their strategies with business goals
- HR Professionals: HR staff who want to understand financial impacts on compensation, benefits, and departmental budgets
- Operations Managers: Individuals responsible for the day-to-day management of business operations and need to control costs and improve efficiency
Understanding financial fundamentals helps you make informed decisions and work more closely with functional leaders. This session gives HR staff a clearer view of how financial results affect compensation, benefits and department budgets, and how their role contributes to company success.
It also suits entrepreneurs and small business owners, project managers who handle budgets, sales and marketing professionals who need to read financial metrics, and operations managers responsible for controlling costs.
- Why financial literacy matters in business
- Key financial terms for business partners
- Assets, liabilities and equity and how they interact in the accounting equation
- The income statement, balance sheet, cash flow statement and statement of changes in equity, and how they connect
- Creating financial forecasts and budgets
- Managing and controlling costs
- Financial ratios for evaluating business performance
- Explain why financial literacy matters for HR professionals
- Use key financial terms with confidence
- Describe how assets, liabilities and equity form the accounting equation
- Read the four main financial statements and how they work together
- Build basic financial forecasts and budgets
- Apply cost control strategies and key financial ratios
- Entrepreneurs and Small Business Owners: Those who are starting or running their own businesses and need to understand financial fundamentals
- Project Managers: Individuals who oversee projects and need to manage project budgets and financial reports
- Sales and Marketing Professionals: Those who need to understand financial metrics to align their strategies with business goals
- HR Professionals: HR staff who want to understand financial impacts on compensation, benefits, and departmental budgets
- Operations Managers: Individuals responsible for the day-to-day management of business operations and need to control costs and improve efficiency
