The Course
The planning and budgeting process in most organisations starts with the human resources (HR) department. At the same time as the sales and marketing professionals are assessing product and service mix and making short and long-term forecasts of sales demand and prices, the HR department is assessing its current level of resources and the likely level of resources required both in the short and longer term. The HR function plays an integral role in the budgeting of costs for the whole organisation. It is also responsible for the preparation and management of its own departmental budget, and is accountable for the achievement of that budget. Financial awareness is therefore an essential requirement for every role at every level within the HR departments of modern business organisations.
Companies are increasingly integrating all their business processes using systems like ERP (enterprise resource planning). Each business function should therefore understand, and be able to communicate, accounting and financial (and non-financial) information. This seminar provides the required level of financial awareness and practical application for HR practitioners to appreciate accounting and finance in the broader context, and the HR function’s involvement in the organisation’s budgeting and budgetary control processes, and participate in the decision-making process. It also includes the techniques required to prepare a detailed budget for the HR department itself, and the management of the HR department’s actual budget performance.
The Goals
The Process
This seminar will be presented in a participative style, and the team-based exercises and case studies will encourage discussion of the issues raised. It will also provide the opportunity to discuss and compare the HR practices of other companies with that of your own company. Many of the practical examples, for example discounted cash flow (DCF), break-even analysis, financial analysis, and budgetary control are also illustrated using Excel© spreadsheet models. This seminar provides the theoretical background to the key areas of accounting and financial management, which are put into a real world context by providing many worked examples and case studies relating to each of the topics covered, which will help you learn how to:
The Benefits
Following completion of this programme, you will know how to:
The Results
This seminar will provide you with the skills to enable you to:
The Core Competencies
You will be able to put your learning into practice through:
The Programme Content
Company objectives and financial statements
Reading and interpreting financial statements
Discounted cash flow (DCF)
Costing
Decision-making
Budgeting
Cost/volume/profit (CVP) analysis
HR and the budget process
The HR budget
Measuring HR performance
Budgetary control
Capital investment appraisal
Capital budgeting
The European Quality Training and Management Consultancy adopts modern methods of training and raising the efficiency of human resources development, so we follow:
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28 Aug To 01 Sep 2022 |
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Athens |
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28 Aug To 01 Sep 2022 |
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Doha |
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Millennium |
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04 Sep To 08 Sep 2022 |
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Dubai |
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04 Sep To 08 Sep 2022 |
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California |
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11 Sep To 15 Sep 2022 |
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Cairo |
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11 Sep To 15 Sep 2022 |
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Riyadh |
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18 Sep To 22 Sep 2022 |
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Washington |
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18 Sep To 22 Sep 2022 |
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Kuala Lumpur |
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25 Sep To 29 Sep 2022 |
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London |
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Hilton Paddington |
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02 Oct To 06 Oct 2022 |
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Madrid |
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Catalonia Las Cortes |
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02 Oct To 06 Oct 2022 |
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Dubai |
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09 Oct To 13 Oct 2022 |
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Beijing |
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09 Oct To 13 Oct 2022 |
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Kuwait |
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Safir Marina |
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16 Oct To 20 Oct 2022 |
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Amman |
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Cham Palace |
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16 Oct To 20 Oct 2022 |
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Jeddah |
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16 Oct To 20 Oct 2022 |
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Cyprus |
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23 Oct To 27 Oct 2022 |
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Jakarta |
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THE AKMANI |
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23 Oct To 27 Oct 2022 |
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Sharm El Sheikh |
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Jolie Ville |
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30 Oct To 03 Nov 2022 |
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Amsterdam |
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Radisson Blu |
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30 Oct To 03 Nov 2022 |
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Dubai |
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06 Nov To 10 Nov 2022 |
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Casablanca |
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Hyatt Regency |
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13 Nov To 17 Nov 2022 |
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Paris |
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Bedford |
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20 Nov To 24 Nov 2022 |
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Geneva |
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Warwick |
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27 Nov To 01 Dec 2022 |
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Vienna |
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Kaiserin Elisabeth |
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27 Nov To 01 Dec 2022 |
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27 Nov To 01 Dec 2022 |
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Milan |
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04 Dec To 08 Dec 2022 |
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Munich |
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Fleming |
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11 Dec To 15 Dec 2022 |
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Istanbul |
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Mercure Bomonti |
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18 Dec To 22 Dec 2022 |
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Alkhobar |
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Meeting Room |
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18 Dec To 22 Dec 2022 |
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Toronto |
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Toronto |
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25 Dec To 29 Dec 2022 |
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Manama |
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MERCURE GRAND |
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25 Dec To 29 Dec 2022 |
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Marrakech |
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01 Jan To 05 Jan 2023 |
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Copenhagen |
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01 Jan To 05 Jan 2023 |
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Dubai |
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08 Jan To 12 Jan 2023 |
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Beirut |
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Safir Heliopolitan |
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15 Jan To 19 Jan 2023 |
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Los Angeles |
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Hotel Meeting |
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22 Jan To 26 Jan 2023 |
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Singapore |
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Hotel Meeting |
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05 Feb To 09 Feb 2023 |
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Sydney |
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05 Feb To 09 Feb 2023 |
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Dubai |
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05 Feb To 09 Feb 2023 |
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Tbilisi |
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26 Feb To 02 Mar 2023 |
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Cairo |
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Semiramis |
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26 Feb To 02 Mar 2023 |
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Riyadh |
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Meeting Room |
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05 Mar To 09 Mar 2023 |
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Kuala Lumpur |
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FURAMA BUKIT |
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05 Mar To 09 Mar 2023 |
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Dubai |
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12 Mar To 16 Mar 2023 |
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London |
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Hilton Paddington |
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19 Mar To 23 Mar 2023 |
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Madrid |
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Catalonia Las Cortes |
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30 Apr To 04 May 2023 |
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Beijing |
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Meeting Room |
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30 Apr To 04 May 2023 |
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Kuwait |
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Safir Marina |
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