Date of Training

Oct 18 & 19 - Dubai
 

Next Date

to be announced soon

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Pricing Structure

Platinum Package send 4 delegates
510 USD per person


Gold Package send 2 delegates
540 USD per person


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Finance for HR Professionals

We all know that finance is what really drives business. In order to be a well-rounded HR professional, we need to understand the financial drivers in the business.

‘Finance for HR Professionals’ course will provide valuable insights into the corporate financial structure, key financial responsibilities and financial statements. Components of the balance sheet and income statement will be described and analyzed to gain insight into company performance. With an understanding of the financial side of business, you can gain valuable insight into your own company’s strategy and can make your HR department an indispensable component of your organization.
In addition, this course will show how HR can use financial measures in building the HR business case and be comfortable talking about the financial impact of HR with key decision makers.
Finance is an art not a science and you will learn how to make the most of the financials for the benefit of the business. A combination of regional and international case studies and examples will be incorporated into the course.

 Who Should Attend

  • Mid-level HR professionals with three to seven years of HR experience

  • HR professionals who need a greater understanding of the drivers of business performance

  • HR professionals who want to communicate with business leaders around financial metrics

  • HR professionals who support business leaders

  • HR managers, directors and vice presidents responsible for working with business leaders

 Key Take Aways

  • Understand the financial value of HR and demonstrate how HR positively impacts corporate performance

  • Develop a business case using financial data efficiently

  • Understand financial ratios to analyze HR costs and build an HR budget

  • Use financial data to make business decisions within HR

  • Understand the link between financial measures and shareholder value Delegates

Course Outline

Day One

Overview of Finance & Accounting Terms from HR Perspective

  • Accounting Rule

  • Introduction to Financial Statements

  • Why knowing Finance is much needed for HR Executives

Demystifying Income Statements

  • Income Statement Analysis

  • Understanding the key line items and their significance

    1. Sales Revenue Recognition

    2. Cost of Sales

    3. Selling and general expenses

    4. Depreciation and amortization

    5. Interest expense

  • Profit measurement at various levels

    1. Gross Profit

    2. Operating Profit (EBITDA)

    3. Net Profit

  • Justifying HR costs in line with Income statement trends

Understanding Balance Sheet

  • Why Items are classified under Assets, Liabilities and Equity?

    1. Account Receivables

    2. Inventory

    3. Prepaid Expenses

    4. Non-Current Assets

    5. Intangible Assets

    6. Current & Non-Current Liabilities

  • Impact of Sound HR practices on balance sheet

  • Working capital – understanding and management

Day Two

Cash Flow Statement

  • Identifying the Cash Flow items

  • Cash flow from:

    1. Operating Activities

    2. Investing Activities

    3. Financing Activities

  • Where do HR costs appear in cash flow statement

Financial Budgeting for HR

  • Budgeting Methodologies

  • Types of budgeting

  • Participative budgeting practices for HR

  • Monitoring of Budgets

  • Supporting HR Budgets with business case

  • Optimal HR Budget Allocation

Capital Budgeting & Discounted Cash Flows – HR Project Appraisal Techniques

  • Present Value Concept

  • Relevant cash flows

  • Various methods of project appraisals

Financial Analysis for HR – Measuring the Performance

  • Understanding Common Size Financial Statements

  • Key Financial Ratios

    1. Earning ratios

    2. Liquidity ratios

    3. Turnover ratios

    4. Financial ratios – HR Specific

HR Value Addition to Financial Bottom Line

  • Value Creation

  • Maximizing the ROI

  • Gaining Financial Support for HR initiatives

 Course Director

Mirza Farrukh Baig, FCA

Certified in Entrepreneurship

Farrukh is the Managing Director of Lynchpin Consulting. leading bank in Dubai. He has also successfully launched a Corporate He spearheads Lynchpin’s commitment to deliver- ing the best output for client results in the management consulting services. Over the course of 20 years of practical experience, he has served in a variety of leadership roles, including banking, manufacturing and service sectors.
Based in Dubai, Farrukh has a track record of helping clients with strategy and other general management challenges. He has particular depth working with matters of financial planning, business advisory, accounting and corporate finance, but draws upon a variety of cross- industry experience as well. Prior to founding Lynchpin Consulting, Farrukh served at senior positions in Credit Risk Management of a Training business in Dubai which now operates from three different lo- cations. He has served Crow Horwath (Pakistan) from 1999 to 2002. At Crow Horwath, he specialized in Auditing & Management Consulting.

Farrukh qualified his Chartered Accountancy (CA) from the Institute of Chartered Accountants of Pakistan (ICAP). He has been awarded Gold Medal by ICAP for his outstanding performance in CA fi- nal examinations. He also holds certificate in executive education from Harvard Business School focusing on Entrepreneurship and launching new ventures.


 

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