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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 11, 2023 to March 22, 2023
Schedule and Location
Contact Hours
33.0
Location
  • Virtual
Delivery Options
Remote Instruction  
Course Fee(s)
Potential Discount(s)
Instructors
Section Notes

Course registration closes January 17, 2023.

This course uses CourseLink, the University of Guelph’s Learning Management System, and the video conferencing tool, Zoom. Please ensure you have the technical requirements to participate in the course.

Students will be given access to CourseLink prior to the start of the course date.

This course requires preparation prior to the first live online class. Details will be provided in the course outline in CourseLink.

You are required to attend all scheduled online synchronous (live online) sessions.

Assignments may be due after the final live online class date. Details will be provided in the course outline.

Please ensure that you are familiar with the Withdrawal, Transfer and Refund policy – Continuing Education Courses prior to registering for the course.

If you are new to online learning, we encourage you to visit our Online Learning at UofG resource page.

Students are responsible for having the required textbook for this course. You may choose to purchase the required textbook from the University Bookstore, the Co-op Bookstore, or a bookseller of your choice.

Section Materials
  • (Mandatory) Survey of Accounting by Jerry J. Weygandt, Paul D. Kimmel Wiley 2nd edition ISBN ISBN 9781119767763, ISBN 9781119767701
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