Providing HR Practitioners with financial knowledge and an understanding of how to use information in financial statements to evaluate the performance of a company.

Introduction

This course is designed to provide HR Practitioners with a working financial knowledge and develop an understanding of how to use the information in financial statements to evaluate the performance of a company. As successful business partners, HR Practitioners will need to think like business people, know and apply financial knowledge and be accountable and responsible for its budget, HR programmes and processes.

The participants will be guided to focus on the measures and processes used to evaluate the health of a business, how to evaluate the profitability of human capital investments and how to optimise business decisions through break-even analysis. Last, but not least, for some, it will be useful for the participants to see how the financial markets value their own company.

 

(Face-to-face training at our hotel venues which are certified SG Clean)

Course Details: 

Objectives

• Know the common accounting jargons and translate these jargons into meaningful concepts.

• Apply the new financial knowledge to evaluate the performance of a company.

• Understand the financial health of companies.

• Know and apply the financial knowledge to HR areas of work such as Budgeting, Proposals and New Initiatives, Return on Investments, Performance Management.

Outline

The Key Financial Terms and Statements

• What is Balance Sheet

• What is Profit and Loss Account or Income and Expense Statement and Cash Flow Statements

• What do these statements represent

• What are the differences between assets, liabilities, equity, in Balance Sheet

• What are revenue and expenses?  What is Profit and what is not

• What is the difference between capitalising and expensing

• What is Depreciation – Straight Line, Reducing Balance. Why do we need Depreciation?

• What is working capital and the working capital cycle

• What is Cash Flows and what does it do

• Do all firms have the same financial statements

• How to use financial statements to detect liquidity issues

 

 

Outline

Ratio Analysis

• Purpose

• Different Types of Ratios and its Purpose

• Other Performance measures

• Review of financial measures

 

Breakeven Analysis

• What is the difference between fixed and variable costs

• What is the benefit and risk of fixed costs – operating and financial leverage

• What is contribution

• How to calculate breakeven and margin of safety

 

Know and Apply the Financial Knowledge

• Recording compensation and benefits costs

• Wages and salaries

• Incentive pay

• Benefits costs

• Mandatory benefits

• Welfare benefits

• Retirement plans

• Budgeting

• Proposals

• Return on Investment

• Performance Management

• Communication

Who should attend

• HR Executives, HR Managers and HR Directors who wish to learn about using financial data to make decisions, allocate resources, and budget expenses.

Trainer

Elsie Low is a HR Practitioner with over 25 years of experience. She has specific experience and strength in talent acquisition, human resource development, compensation and benefits development, payroll administration and management, talent management, employee communication and relations. She is a visionary and performance focused professional. Coupled with that, she has excellent business acumen with strong work ethics.

Elsie has worked in various multi-national and local SMEs and in different sectors such as manufacturing, electronics, construction, engineering and oil & gas. Her span of responsibility and experience are spent in various regional and leadership roles across different regions in ASEAN, Australia, China and Middle East.

Elsie graduated with a Bachelor Degree in Human Resource and a MBA in Finance. She also possesses the Certificate in Workplace Basics from Fairwork Commission Australia and an Advanced Certificate of Training and Assessment (ACTA).

She is currently one of the trainers for HRSINGAPORE's HR Certification Courses.

Administrative Details:

Scheduled Date

• 21 December 2023  (7th Run)

Duration / Venue

• One day

• 9 am to 5:30 pm

• Hotel seminar room

Certification

A Certificate of Attendance will be awarded at the end of the course.

 

Course Fee

• S$ 702.00 w/GST (S$650.00)

Funding

• SSG/Skills Future Reference TGS-2021009575.

• For Company Sponsored - Net Payable Fee After SSG Training Grant (S$14.00): S$688.00 w/GST.

• For Self-Sponsored - SkillsFuture Credit Can Be Used (Singaporeans aged 25 and above).

Refreshment

• Coffee & tea with snacks during the morning and afternoon breaks

• Lunch with vegetarian & halal options

Past Participants:

Past Participants' Comments

• "Understanding and learn so many things that are related to work" - Wendy Cheong - Nurture Education Group Pte Ltd

• "The whole lesson plan is relevant!"

Past Participant Organisations

• Amphenol FCI Connectors Singapore Pte Ltd, ARA Management Pte Ltd

• Bancosta (Oriente) Pte Ltd, Behavioural Insights (Singapore) Pte Ltd

• Concorde Hotel Singapore

• Darul Makmur Mosque

• Go Holdings Pte Ltd, Gordian Capital Singapore Private Limited

• Hampton Preschool School, Hwa Chong International School

• Multitest Electronic Systems (Asia) Pte Ltd, Mendaki SENSE Pte Ltd, Moduresources AP Pte Ltd, Mondi Packaging Paper Sales Asia Pte Ltd

• Nurture Education Group Pte Ltd

• Onepip Pte Ltd

• Palfinger Asia Pacific Pte Ltd, Penanshin Shipping Pte Ltd, Pelita c/o Al-Istiqamah Mosque

• ST Engineering Management Services Pte Ltd, Samwoh Corporation Pte Ltd, SCSK Asia Pacific Pte Ltd

• UE Support Services Pte Ltd

• Vopak Terminals Singapore Pte Ltd

• Wilmar Trading Pte Ltd