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The Essentials of Finance and Budgeting

The Essentials of Finance and Budgeting

Author: Society for Human Resource Management; Harvard Business School Press
Publisher: Harvard Business School Press
ISBN: 9781591395720
Published In: April 2005
Format: Paperback , 329 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

Introduction

No organization can survive and fulfill its purpose if it spends more money than it takes in. Human resource professionals must have a solid understanding of foundational financial concepts if they are to meaningfully support their firm's strategic goals and make the smartest possible use of limited resources.

The Essentials of Finance and Budgeting - This book clearly explains how HR professionals can understand and use basic financial information and tools to:

Analyze key financial statements
Create and implement an HR scorecard
Understand the implications of tax laws
Make accurate forecasts and budgets
Measure and report human capital
Perform cost/benefit analysis, EVA, discounted cash flow, and more...

About the book series

The Business Literacy for HR Professionals Series is a co-branded line of books developed jointly between Harvard Business School Press and SHRM (the Society for Human Resource Management).

This series will help HR professionals to become more influential strategic partners in their organizations by educating them in the core principles, practices, and processes of business and management. The purpose of the series is to help HR professionals develop knowledge and skills related to, but outside, the HR domain in order to make more strategic contributions to their organizations. These books will help HR professionals 'have a seat at the table' by becoming more proficient and literate in critical business and management arenas such as finance, negotiation, strategy, change management, etc.

Introduction

Chapter 1. Finance and the HR Professional: A Crucial Competency

Chapter 2. Financial Statements: The Elements of Managerial Finance

Chapter 3. Finding Meaning in Financial Statements: A Look Behind the Numbers

Chapter 4. From Financial Measures to a Balanced Scorecard: Measuring Activities That Drive Future Financial Performance

Chapter 5. Important Accounting Concepts: The Rules That Shape Financial Statements

Chapter 6. Taxes: Important Details You Should Know

Chapter 7. Financial Operations and Growth: Funding the Different Stages of Growth

Chapter 8. Money and Capital Markets: Another Option for Funding Growth

Chapter 9. Budgeting: Forecasting Your Company’s Financial Future

Chapter 10. Practical Tools for Management Decisions: Making the Numbers Work for You

Chapter 11. Measuring and Reporting Human Capital: A Vital Exercise

Chapter 12. The Time of Money: Calculating the Real Value of Your Investment

Chapter 13. Business Valuation Concepts: Evaluating

Chapter 14. Developing and Using Your Financial Know-How: Next Steps for You and Your Firm’s HR Department

Appendix A: Activity-Based Budgeting

Appendix B: Balance-Sheet Template

Appendix C: Income Statement Template

Appendix D: Cash-Flow Statement Template

Appendix E: Cash Budget Template

Appendix F: HR Department Budget Template

Notes

Glossary

For Further

Index

SHRM (the Society for Human Resource Management) is the world's largest professional association devoted to human resource management. Representing more than 170,000 individual members, the Society's mission is to serve the needs of HR professionals by providing the most essential and comprehensive resources available.