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Basic Finance and Principles of Costing

John Kind


This event enabled you to:

  • use and interpret financial information in order to become a more active contributor when financial issues of importance to the HR function are being discussed.
  • appreciate the practical significance of a variety of financial performance indicators
  • become conversant with the different kinds of costs and costing techniques and to appreciate the impact of different cost structures on financial performance.
  • The workshop included:
  • Financial objectives and shareholder value
  • Financial statements, especially profit and loss accounts, cash flow statements and balance sheets.
  • Financial terminology and ‘buzz' phrases
  • Financial indicators and financial performance measures
  • Costing, costing techniques and cost structures
  • The elements of project appraisal - evaluating the financial attractiveness of a longer term capital project.

Briefings and explanations were followed by a variety of interactive assignments including case studies, puzzles, quizzes and financial ‘games'.