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'.