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Course Description

People sitting at a table reviewing financial statements and graphs

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

*Course details are subject to change.

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Section Title
Finance and Accounting Concepts
Type
In-Class Instruction
Days
Wednesday
Time
6:30PM to 9:30PM
Dates
January 15, 2020 to March 25, 2020
Schedule and Location
Contact Hours
33.0
Location
  • Guelph
Delivery Options
Classroom  
Course Fee(s)
Potential Discount(s)
Reading List / Textbook

Textbooks are not yet confirmed. 

Introduction to Financial Accounting - Third Edition by David Annand, Athabasca University is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.Please Note: you are not expected to purchase this textbook as an e-copy will be available on Courselink. If you prefer a printed copy you may order one from eCampus Ontario.

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

Section Notes

You are responsible for purchasing the required textbook(s) for this course. Textbooks can be purchased from the University Bookstore, the Co-op Bookstore, or a bookseller of your choice.

Please review the Continuing Education Courses Withdrawal and Refund Policy.

If you require assistance, please contact our main office.

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