Finance for HR Professionals

A combination of regional and international case studies.

Course Overview

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

Run this program in-house and save cost!

Course Outline

Overview of Finance & Accounting Terms from an 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 the 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

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

FULLY CUSTOMIZED - ACCORDING TO YOUR NEEDS!

Run This Seminar In-House

Enjoy this certified program at your premise of choice, with lower costs, and schedule that suits you best.

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.

Some of Our Prestigious Clients

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 & development

The Executive Council of Dubai

"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."

Didith

Accountant – 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 Sales

Ferrari World

"Lynchpin trainer is brilliant and have excellent delivery skills – a new way to learn Finance for Non-Finance."

VP Human Resource

Thuraya UAE

"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 Manager

Civil Aviation Authority Abu Dhabi

Required training from the company. It's useful especially in the Finance as most of us are using formulas anddoing reports. It's was nice to learn a lot of new things in excel.

Ma Angelica Petere

Majid Al Futtaim Accor Hotels Hospitality Services

I take this opportunity to thanks Mr. Farrukh Baig who gave us great training which is quite helpful for our daily work practice.

Muhammad Umair

Majid Al Futtaim Hospitality Services

The training was very useful to us who's working in finance especially that we are dealings with numbers that needed excel reports.

Ana Rose P. Dumocmat

Majid Al Futtaim Hospitality

Very interesting training and program! Also the trainer was very helpful and taught us interesting tricks and formulas!

Diane Roukoz

Obegi Home

The training was excellent and the trainor as well especially in explaining all the information.

ANA MARIE JAMONER

MAJID AL FUTTAIM HOSPITALITY SERVICES LLC

I would appreciate if they could have had more clarity on few line items.

Abdul Rahim

HWH Investments LLC

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 Reporting

Dubai World

Lynchpin workshop was great learning with my current tasks at work, which was taking me long time before the training.

Faiza Nasir

Portfolio 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 Finance

YAS 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 Manager

Al Wazan Oil & Gas

“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”

“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”

“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”

Boot Camp

Soft Skills

Finance

VAT

Excel Workshops

Audit