HRPD Seminar 2

Course Code

HRM 5501

Academic Year

2016-2017

This course provides a study of the conceptual foundations of financial accounting measurement and reporting to assist the student in interpreting financial data. Emphasis will be on the use of internal financial information used to assist management in decision-making. An introduction to key accounting and financial terms and concepts will be provided. Business terms will be introduced. Students will be introduced to basic financial analysis of the income statement, the balance sheet, the statement of retained earnings, and the statement of changes in financial position. The student is also introduced to financial ratio analysis, which is used as a tool to gauge the financial health of a business. The course also deals with managerial accounting concepts of cost behaviour, cost volume profit analysis, activity based costing, budgeting, financial planning, decision-making, the setting of objectives and priorities, projected financial results, and the feedback mechanisms comparing actual results to predetermined standards. The objective of this course is to demonstrate to the student how financial information is used in forecasting, budgeting, management and measurement of the business operations.