Finance and Accounting for HR Professionals

EMPR 280/3.0

How to Apply
Meeting room wit laptop, papers with stats, and empty chairs

Overview

This course is part of the . The Certificate focuses on core elements of the field of work and employee-management relations, while taking account of social science perspectives from economics, law, management, and history. The Certificate provides a broad foundation in the field of employment relations, including the areas of labour/employment law, labour-management relations, conflict management and negotiations, human resources management, and labour policy. Taken together, these courses and the resulting Certificate form the basis for a recognized university credential that will support students who are seeking entry level jobs in labour relations and human resources management after leaving Queen’s.

Please note: This course is typically offered in the summer term

TOPICS

  • Module 1: What is accounting?
  • Module 2: The income statement report.
  • Module 3: The balance sheet report.
  • Module 4: Accounting in the non-profit sectior.
  • Module 5: The cash flow report and cash budgeting.
  • Module 6: Budgeting methodologies.
  • Module 7: Detailed budgeting techniques for salary costs.
  • Module 8: Detailed budgeting techniques for employee benefit costs.
  • Module 9: Employee pensions and their financial cost.
  • Module 10: Financial statement analysis and common terms/ratios.
  • Module 11: The time value of money and the commuted value of pensions.
  • Module 12: Review and refresher.

Learning Outcomes

 After completing EMPR 280, students will be able to:

  1. Discuss sufficient accounting and financial theory for effective participation and influence within the senior management team of an organization.
  2. Communicate and collaborate effectively with the professional Financial Managers of an organization.
  3. Differentiate between financial accounting and management accounting and apply these two different types of accounting correctly to the financial management of an organization.
  4. Record financial events and utilize this data to generate the four main statements within financial accounting.
  5. Develop complex employee compensation budgets inclusive of wages, employee benefits, and pensions.
  6. Analyze financial statements using common financial ratios.
  7. Explain the Present Value of money concept and demonstrate why it is essential for long-term financial planning and pension calculations.

Testimonials

  • I really enjoyed my experience learning about finance and accounting, and as an aspring HR professional, I look forward to applying my knowledge in the future. I thought the course was designed very well in that each assignment served a clear purpose and help set us up for the next assignment. 

  • Initially I was very worried because I didn't know much about finance, but this course broke down barriers for me in a positive way. I'm very thankful that I took this class and Greg is an excellent instructor. I've told many of my friends to take this class if they need an elective or just want to try something new because it is definitely worth it!