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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. Gain a basic understanding of financial and management accounting and how they relate to each other and the organization. Study the major financial statements produced by a business and acquire the ability to execute detailed calculations with regards to these reports as well as other accounting-related information.

Well-suited participants of this course include those working towards the Diploma in Human Resources Management or CHRP professional designation, and people working in or who wish to work in human resources management.

Learning Outcomes

Upon successful completion of this course, you will be able to:

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

Course Topics

  • Purpose and Objective of Accounting
  • Financial Reports
  • Financial Analysis Using Ratios
  • Cost-Volume-Profit Analysis
  • Cost Systems
  • Budget Preparation and Control

Assessment

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

Please note that the course assessment is subject to change.

Note:

This course is offered in the Winter Semester.

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 12, 2022 to March 23, 2022
Schedule and Location
Contact Hours
33.0
Location
  • Guelph
Delivery Options
Remote Instruction  
Course Fee(s)
Potential Discount(s)
Instructors
Section Notes

Early Bird Registration fee ends December 12, 2021.  Regular fee: $525.00

This course will be delivered remotely on Wednesday evenings from January 12 - March 23, 2022.  You will be required to participate via live video conferencing each Wednesday evening from 6:30pm - 9:30pm.

Orientation Session (Zoom & CourseLink): Wednesday, January 5, 2022: 12-1pm EST (Optional; Highly recommended for those who have not yet participated in an orientation for a course in this program)

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

Basic Technical Requirements:


Textbook (Mandatory): Finance and Accounting Concepts E-textbook, Wiley Publishing, 2021

This textbook has been customized for this course and is available through Wiley. For registration and purchasing information, please follow the Wiley E-textbook instructions.


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