Finance for HR
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Course Overview

Finance for HR Professionals Training Program

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 the 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

Course Details

Training Dates

This is a customized program and can be run as one to one or as in-house training.

Training Fee

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Course Outline

  • Accounting Rule
  • Introduction to Financial Statements
  • Why knowing Finance is much needed for HR Executives
  • 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
  • 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
  • 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
  • Budgeting Methodologies
  • Types of budgeting
  • Participative budgeting practices for HR
  • Monitoring of Budgets
  • Supporting HR Budgets with business case
  • Optimal HR Budget Allocation
  • Present Value Concept
  • Relevant cash flows
  • Various methods of project appraisals
  • Understanding Common Size Financial Statements
  • Key Financial Ratios
    1. Earning ratios
    2. Liquidity ratios
    3. Turnover ratios
    4. Financial ratios – HR Specific
  • Value Creation
  • Maximizing the ROI
  • Gaining Financial Support for HR initiatives

Trainer's Profile

Mr. Mirza Farrukh Baig
FCA
Harvard Trained | CEO Lynchpin Group | Lead VAT Trainer & Consultant

Mirza Farrukh Baig-Harvard Trained, is one of our Decorated & Talented Trainer and Instructional Designer for Finance, Accounting, Risk Management training courses at Lynchpin Training. With him on the training venue, we guarantee the best style of delivery, team engagement, the energy level of the class and the WOW experience by your team is assured.

Mirza Farrukh Baig is a qualified Chartered Accountant and a career banker. He has over fifteen years of experience teaching CMA, ACCA, CFA and CA students. He is also the lead corporate trainer at Lynchpin delivering specialized training on Finance and Accounting He has served for eight years in a leading commercial bank in UAE where he was instrumental in strengthening the SME credit risk unit. Apart from approval of banking facilities for SME clients. He played an instrumental role in developing and implementing the SME credit risk policy of the bank.

Currently, he is the CEO of Lynchpin Training & Consulting and Chief Consultant for VAT Advisory, Consulting & Implementation. Farrukh carries extensive experience in dealing indirect taxes both for the UK and South Asia. Provided VAT (Value Added Tax) consultancy services with due care, experience, resources, and exposure to tax regimes.

Farrukh is an associate member of the Institute of Chartered Accountant of Pakistan (ICAP). He has been awarded a gold medal for outstanding performance in his CA final examination, by ICAP. He also went to Harvard Business School to Executive Entrepreneurship training program.

What our Clients have to say

I am implementing my real work in the training as it applies fully to what I do and it came to me at the right time, strategising now for my work based on the learnings from training
Manager Learning & DevelopmentThe Executive Council of Dubai
Excellent experience with Lynchpin and this session I will never forget. Their Trainer is very knowledgeable and has lots of examples from his experience. Keep up the good work lynchpin team !
Finance ManagerCivil Aviation Authority Abu Dhabi
Training was with live examples and case studies, Trainer has delivered the training with passion and sincerity. Both Venue and Training were Good.
Sr. Manager ReportingDubai World
Lynchpin workshop was great learning with my current tasks at work, which was taking me long time before the training.
Faiza NasirPortfolio Manager, NBAD
Fun learning and I am implementing my real work in the training as it applies fully to what I do and it came to me at the right time, strategising now for my work based on the learnings from training
Head of FinanceYAS Water World
Lynchpin’s session was informative and required for business heads. Trainer went to the required level of audience to make them understand the concept. (Head of Corporate Planning, Eurostar) Everything was well organized,Lynchpin is very respectable Training Company –
Accounts ManagerAl Wazan Oil & Gas
Trainer is very knowledgeable and patient and passionate with training. He make sure the trainees have fun ensuring they have learning as well. I have been with Lynchpin for CMA and now this and for both i felt well taken care of.”
DidithAccountant - Arthur D Little
Very Persuasive approach by Lynchpin , very accurate and worth for whole day listening to the trainer. The group work in inhouse program is worth attending.Excel is never delivered like this before.
Director SalesFerrari World
Lynchpin trainer is brilliant and have excellent delivery skills – a new way to learn Finance for Non-Finance.
VP Human ResourceThuraya UAE
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