Basic Accounting and Finance for Human Resources Professionals
Learn the accounting equation, read the four financial statements, and use forecasting, budgeting, cost control and key ratios to partner better with business leaders.
Speaker
Melveen Stevenson
HR consultant and executive coach · M.S. Elemental, LLC · SHRM-SCP
Overview
Finance is the language of business, and HR professionals who understand it make stronger business partners. This 60-minute accounting and finance webinar explains the basics in plain terms, with no prior accounting or finance study needed.
You'll learn how assets, liabilities and equity fit together in the accounting equation, and how the income statement, balance sheet, cash flow statement and statement of changes in equity work together. The session also covers financial forecasting and budgeting, cost management and the financial ratios used to evaluate performance.
With this foundation, you can support internal customers in operations, sales, marketing and the executive team, and see how your work ties to the company's results.
Why attend: Understanding financial fundamentals helps you make informed decisions and work more closely with functional leaders. This session gives HR staff a clearer view of how financial results affect compensation, benefits and department budgets, and how their role contributes to company success. It also suits entrepreneurs and small business owners, project managers who handle budgets, sales and marketing professionals who need to read financial metrics, and operations managers responsible for controlling costs.
What’s covered
- Why financial literacy matters in business
- Key financial terms for business partners
- Assets, liabilities and equity and how they interact in the accounting equation
- The income statement, balance sheet, cash flow statement and statement of changes in equity, and how they connect
- Creating financial forecasts and budgets
- Managing and controlling costs
- Financial ratios for evaluating business performance
Who should attend
What you get
About the speaker
Melveen Stevenson is the CEO and founder of M.S. Elemental, LLC, a human resources and business advisory firm. As a certified HR professional with a background in accounting and finance, she helps companies to navigate the human resources “jungle” of compliance, human capital, and leadership challenges. In doing so, she empowers companies to strengthen their infrastructure from the inside out, specifically through leadership development, operations, training, employee engagement, and executive coaching.
Melveen speaks on key topics to empower companies with the latest research and best practices for increasing engagement, enhancing leadership presence, and optimizing diverse workforce groups.
Over the last 20 years, Melveen has held leadership positions in human resources operations, supply chain, and talent management at international companies in food manufacturing, medical devices, and consumer products. She has spent most of her career in California, and has expertise in the state’s complicated employment regulations.
Melveen is certified through the Society of Human Resource Management (SHRM-SCP) and the Human Resources Certification Institute (SPHR). She is also a faculty member at California State University-Dominguez Hills.
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