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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

Technical Requirements

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*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

 

Required:

Accounting Principles, Managerial Concepts Seventh Canadian Edition. Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow. Wiley. © 2016 ISBN: 9781119310297 

Recommended:

Managerial Accounting, 11th Canadian edition, Garrison/Libby/Webb, McGraw-Hill Education. ISBN: 9781259275814

Accounting Principles Volume 2, 8th Canadian Edition. Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow. Wiley. © 2019 ISBN: 9781119502555

Section Notes

You are responsible for purchasing the required textbook(s) for this course, and may choose to purchase the recommended textbooks to supplement your learning. Textbooks can be purchased from most online book retailers.

Please review the Continuing Education Courses Withdrawal and Refund Policy.

If you require assistance, please contact our main office.

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