EMPR 280 Finance and Accounting for HR Professionals Units: 3.00
This course focuses on the fundamentals of accounting in the operations of the business, the type of information presented in financial statements, and the importance of accounting in relation to HR and employment relations. The course is designed to provide a foundation for HR professionals and other non-financial managers.
Learning Hours: 120 (72 Online Activity, 48 Private Study)
Requirements: Prerequisite Level 2 or above.
Exclusion COMM 111/3.0; COMM 112/3.0; COMM 211/3.0; COMM 212/3.0; COMM 221/3.0.
Offering Faculty: Faculty of Arts and Science
Course Learning Outcomes:
- Discuss sufficient accounting and financial theory for effective participation and influence within senior management team of an organization.
- Communicate and collaborate effective with the professional Financial Managers of an organization.
- Differentiate between financial accounting and management accounting and apply these two different types of accounting correctly to the financial management of an organization.
- Record financial events and utilize this data to generate the four main statements within financial accounting.
- Develop complex employee compensation budgets inclusive of wages, employee benefits, and pensions.
- Analyze financial statements using common financial ratios.
- Explain the Present Value of money concept and demonstrate why it is essential for long-term financial planning and pension calculations.