In today's dynamic business environment, the role of Human Resources (HR) extends far beyond traditional administrative functions. HR professionals are increasingly expected to act as strategic partners, contributing to the overall success and sustainability of their organizations. One essential skill set for HR professionals to possess is financial acumen. Understanding financial principles is crucial for HR professionals to align their strategies with the broader goals of the company and make data-driven decisions that positively impact the bottom line.
Financial acumen enables HR professionals to comprehend the financial health of their organization, interpret key metrics, and assess the implications of HR initiatives on the company's financial performance. Whether it's designing compensation packages, optimizing workforce planning, or implementing talent development programs, having a solid understanding of finance allows HR professionals to make informed choices that drive organizational growth and efficiency. In essence, financial acumen empowers HR professionals to speak the language of business, strengthening their credibility and influence within the organization.
On the completion of this course, you will be able to:
- Describe the importance of financial acumen for HR professionals
- Identify the components of the Balance Sheet, Income Statement and Cash Flow Statement
- Interpret financial ratios to analyse performance of the organization
- Manage HR budget to achieve organizational goals
- Analyse financial impact of HR initiatives
- Identify strategies to work effectively with Finance colleagues and auditors
Programme Outline
Ala-Carte Enrolment for Financial Acumen for HR Professionals (Day 1/Day 2) |
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| Advanced Financial Practices for HR Professionals (Day 2) .png?Status=Temp&sfvrsn=ce733c9c_4)
|
For IHRP Members, please enter your exclusive promo code before checkout to enjoy the Member Rate For Non-Members Rate: $485.05 |
Day 1
- Importance of financial acumen for HR Professionals
- Key Financial Concepts for HR
- Basics of financial statements: Balance Sheet, Income Statement and Cash Flow Statement
- 11 fundamental accounting policies
- Interpret Financial Ratios for HR Analysis
- Profitability ratios
- Liquidity ratios
- Solvency ratios
- Efficiency ratios
- Market prospect ratios
- Employee ratios
Day 2
- Budgeting for HR
- Role of HR: budget preparation, monitoring and controlling expenses
- Understand HR costs: types, drivers and impact on profitability
- HR budgeting process: forecasting, cost allocation, cost control strategies, align with organizational goals
- Budgeting techniques: Activity-based costing to identify and manage HR program costs
- Financial Analysis for HR Decisions
- Analyse financial impact of HR initiatives: talent acquisition, compensation & benefits, training & development
- Technique: Cost-Volume-Profit (CVP) analysis
- Reporting: Justify HR program expenses based on financial impact, storytelling with data
- Working with Finance department and Auditors
- Strategies to collaborate with Finance colleagues
- Strategies to manage auditor requests
Training Methodology
Our approach to training is based on adult learning principles to create a conducive and active learning environment where participants can apply newly acquired knowledge and skills throughout the workshop.
We use a variety of interactive and engaging activities, such as case studies and group discussions, to allow participants to apply their new knowledge to realistic scenarios in a safe learning environment.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
This course benefits HR professionals looking to enhance their strategic role within their organisations through improved financial acumen. This workshop is also designed for professionals, including managers, specialists, and business partners, who aim to strengthen their financial understanding to align HR initiatives with organisational goals. It is ideal for those seeking foundational knowledge of financial statements and ratios to analyze organisational performance and support data-driven decision-making.
Competency Mapping
Others = 14.00 Hours
Schedule & Fees
Date & Time
15 Apr 2025 (9:00 AM - 5:00 PM)
16 Apr 2025 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)
SGD pricing -
For Members:
$ 779.35
For Non-Members:
$ 925.41
Programme Facilitator(s)
Julie Yeap
Venue
60 Cecil Street
ISCA House
Singapore 049709
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Julie Yeap
CPA (US), ISCA PBA, ACTA, DACE, ICF ACC
Specialist Adult Educator
Adult Educators’ Professionalisation, IAL
Julie is a qualified US Certified Public Accountant (CPA) and ISCA Professional Business Accountant (PBA). She started her career as an Auditor with Ernst & Young (EY) Singapore where she managed a large portfolio of listed and multinational audit clients in various industries.
Subsequently, she transferred to the Learning & Development (L&D) department of EY to pursue her passion to become a trainer. There, she focused on facilitating topics related to auditing and soft-skills for participants across all ranks in EY. As the L&D Director, Julie was appointed to head the L&D function for the ASEAN region where she was responsible for driving the initiatives to develop organisational and people capabilities in 14 countries.
After more than 15 years with EY, Julie left to focus on being a facilitator and an executive coach. She is now the Managing Director and Founder of Mastering Success, a corporate training, coaching and consultancy company.
Julie is an award-winning educator with nearly two decades of international experience as a trainer, facilitator, executive coaching and learning consultant. She is dedicated to enhancing financial acumen, leadership capabilities, presentation skills, and interpersonal effectiveness within individuals and organisations.
In today's dynamic business environment, the role of Human Resources (HR) extends far beyond traditional administrative functions. HR professionals are increasingly expected to act as strategic partners, contributing to the overall success and sustainability of their organizations. One essential skill set for HR professionals to possess is financial acumen. Understanding financial principles is crucial for HR professionals to align their strategies with the broader goals of the company and make data-driven decisions that positively impact the bottom line.
Financial acumen enables HR professionals to comprehend the financial health of their organization, interpret key metrics, and assess the implications of HR initiatives on the company's financial performance. Whether it's designing compensation packages, optimizing workforce planning, or implementing talent development programs, having a solid understanding of finance allows HR professionals to make informed choices that drive organizational growth and efficiency. In essence, financial acumen empowers HR professionals to speak the language of business, strengthening their credibility and influence within the organization.
On the completion of this course, you will be able to:
- Describe the importance of financial acumen for HR professionals
- Identify the components of the Balance Sheet, Income Statement and Cash Flow Statement
- Interpret financial ratios to analyse performance of the organization
- Manage HR budget to achieve organizational goals
- Analyse financial impact of HR initiatives
- Identify strategies to work effectively with Finance colleagues and auditors
Programme Outline
Ala-Carte Enrolment for Financial Acumen for HR Professionals (Day 1/Day 2) |
Financial Fundamentals for HR Professionals (Day 1)
| Advanced Financial Practices for HR Professionals (Day 2)
|
For IHRP Members, please enter your exclusive promo code before checkout to enjoy the Member Rate For Non-Members Rate: $485.05 |
Day 1
- Importance of financial acumen for HR Professionals
- Key Financial Concepts for HR
- Basics of financial statements: Balance Sheet, Income Statement and Cash Flow Statement
- 11 fundamental accounting policies
- Interpret Financial Ratios for HR Analysis
- Profitability ratios
- Liquidity ratios
- Solvency ratios
- Efficiency ratios
- Market prospect ratios
- Employee ratios
Day 2
- Budgeting for HR
- Role of HR: budget preparation, monitoring and controlling expenses
- Understand HR costs: types, drivers and impact on profitability
- HR budgeting process: forecasting, cost allocation, cost control strategies, align with organizational goals
- Budgeting techniques: Activity-based costing to identify and manage HR program costs
- Financial Analysis for HR Decisions
- Analyse financial impact of HR initiatives: talent acquisition, compensation & benefits, training & development
- Technique: Cost-Volume-Profit (CVP) analysis
- Reporting: Justify HR program expenses based on financial impact, storytelling with data
- Working with Finance department and Auditors
- Strategies to collaborate with Finance colleagues
- Strategies to manage auditor requests
Training Methodology
Our approach to training is based on adult learning principles to create a conducive and active learning environment where participants can apply newly acquired knowledge and skills throughout the workshop.
We use a variety of interactive and engaging activities, such as case studies and group discussions, to allow participants to apply their new knowledge to realistic scenarios in a safe learning environment.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
This course benefits HR professionals looking to enhance their strategic role within their organisations through improved financial acumen. This workshop is also designed for professionals, including managers, specialists, and business partners, who aim to strengthen their financial understanding to align HR initiatives with organisational goals. It is ideal for those seeking foundational knowledge of financial statements and ratios to analyze organisational performance and support data-driven decision-making.
Competency Mapping
Others = 14.00 Hours
Programme Facilitator(s)
Julie Yeap
CPA (US), ISCA PBA, ACTA, DACE, ICF ACC
Specialist Adult Educator
Adult Educators’ Professionalisation, IAL
Julie is a qualified US Certified Public Accountant (CPA) and ISCA Professional Business Accountant (PBA). She started her career as an Auditor with Ernst & Young (EY) Singapore where she managed a large portfolio of listed and multinational audit clients in various industries.
Subsequently, she transferred to the Learning & Development (L&D) department of EY to pursue her passion to become a trainer. There, she focused on facilitating topics related to auditing and soft-skills for participants across all ranks in EY. As the L&D Director, Julie was appointed to head the L&D function for the ASEAN region where she was responsible for driving the initiatives to develop organisational and people capabilities in 14 countries.
After more than 15 years with EY, Julie left to focus on being a facilitator and an executive coach. She is now the Managing Director and Founder of Mastering Success, a corporate training, coaching and consultancy company.
Julie is an award-winning educator with nearly two decades of international experience as a trainer, facilitator, executive coaching and learning consultant. She is dedicated to enhancing financial acumen, leadership capabilities, presentation skills, and interpersonal effectiveness within individuals and organisations.