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Course Description

People sitting at a table reviewing financial statements and graphs

NEXT COURSE OFFERING: WINTER 2021

Human resources professionals need to be able to prepare, analyze and interpret financial reports. This course provides participants with a basic understanding of financial and management accounting and how they relate to each other and the organization. Participants will study the major financial statements produced by a business and will acquire the ability to execute detailed calculations with regards to these reports as well as other accounting related information.

Designed For

Those working towards their University of Guelph Diploma in Human Resources Management, Certified Human Resources Professional (CHRP) designation, PMCP and people working in or who wish to work in Human Resources or Payroll.

Learning Outcomes

By the end of the course, the learner should be able to:

  1. Review the purpose of financial and management accounting;
  2. Interpret and analyze income statements, balance sheets, and retained earnings statements;
  3. Calculate and interpret financial ratios;
  4. Examine cost behaviour and its implications for financial systems;
  5. Calculate and interpret contribution margin analysis and break-even analysis;
  6. Identify risk through sensitivity analysis;
  7. Explain the allocation of costs; including service department costs;
  8. Describe activity based costing; and
  9. Prepare an operating budget.

Course Topics

  • Purpose and objective of accounting
  • Financial reports (balance sheet, income statement, statement of retained earnings, statement of changes in financial positions)
  • Financial analysis using ratios
  • Cost-volume-profit analysis
  • Cost systems
  • Budget preparation and control.

Sample Careers

Human Resources Generalist, Payroll Specialist, Human Resources Manager

Assessment

Assessment Item Weight
Participation 10%
Assignments 30%
Midterm Tests 30%
Final Exam 30%
Total 100%

Applies Towards the Following Certificates

Technical Requirements

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*Course details are subject to change.

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Section Title
Finance and Accounting Concepts
Type
Remote Instruction
Days
Wednesday
Time
6:30PM to 9:30PM
Dates
January 13, 2021 to March 24, 2021
Schedule and Location
Contact Hours
33.0
Location
  • Guelph
Delivery Options
Remote Instruction  
Course Fee(s)
Potential Discount(s)
Instructors
Reading List / Textbook

CONFIRMED: November 16, 2020
Accounting Principles, Managerial Concepts Seventh Canadian Edition
Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel , Barbara Trenholm , Valerie Kinnear , Joan E. Barlow ,Wiley Publishing, 2016,
ISBN: 978-1-119-31029-7
 

 

Section Notes

This course will be delivered remotely on Wednesday evenings from January 13 - March 24, 2021.  You will be required to participate via live video conferencing each Wednesday evening from 6:30pm - 9:30pm.

This course uses Zoom for live video conferencing, combined with the CourseLink Learning Management System.

Basic Technical Requirements:


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