COURSE SYLLABUS & OUTLINE. Finance for Human Resource Management Professionals UCLA Extension Course # Units

Transcription

1 COURSE SYLLABUS & OUTLINE Course Title: Quarter: Instructor: Meeting Times: Location: Office Hours: Finance for Human Resource Management Professionals UCLA Extension Course # Units Fall 2011 Phil Ray 6:30-9:30 pm UCLA 6pm day of class Course Description: To be a successful business partner with management, the human resources professional needs to understand, apply and manage the financial aspects of his/her HR function, as well as determine the impact of the employee on the organization s bottom line. Emphasis is placed on ways the HR practitioner can contribute to a company's financial Through lecture, exercises, discussion, homework and reading, this 12-meeting course provides HR practitioners with the tools and information to understand the cost of the HR functional area(s) for which s/he is responsible. To build financial acumen for HR professionals, typical company financial statements are examined, especially the Income Statement and the Balance Sheet. Other major areas of study are the application of financial principles to HR metrics, budgeting and payroll. Attention is placed on business vocabulary to enable improved HR communications with management.

2 Goals & Objectives: HR Professionals learn and apply basic business financial information to their business setting. Enable them to understand the business they are in, the cost drivers, how HR can contribute to business, metrics to measure that, and strategies to build HR s credibility with management as a strategic business partner Required Readings: The Essentials of Finance and Accounting for Nonfinancial Managers (2002), Edward Fields, New York: American Management Association Recommended Readings: - The HR Scorecard. Ulrich, Becker, Huselid - Magic Numbers for HR Managers. Hugh Buchnall, Wei Zheng - How to Measure Human Resource Management, Third Edition. Joe Jitz-enz - How to Measure Training Results. Jack Phillips and Ron Drew Stone - The ROI of Human Capital. Jack Fitz-enz - Financial Intelligence for HR Professionals, Karen Berman + Joe Knight - Rethinking Strategic HR, Dr. John Sullivan Grading: Course grades will be based on participation and completion of assignments as follows: 25 % 30 % 25 % 20 % Attendance and Participation Quizzes All Homework, Assignments, Exercises and Presentaitons Final Exam All Course Grades are Final,

3 Students are expected to - Read the assignments during the week in which they are assigned. - Attend each class. - Complete all activities, exercises and homework. - Complete quizzes, tests, and the final exam. - Active participation in class by asking questions, contributing to class discussion and engaging in group and/or individual exercises and/or presentations. - Engage in class activities as a professional business person. Please note that ALL COURSE GRADES ARE FINAL. Incompletes: The interim grade Incomplete may be assigned when a student's work is of passing quality, but a small portion of the course requirements is incomplete for good cause (e.g. illness or other serious problem). It is the student s responsibility to discuss with the instructor the possibility of receiving an I grade as opposed to a non-passing grade. The student is entitled to replace this grade by a passing grade and to receive unit credit provided they complete the remaining coursework satisfactorily, under the supervision of and in a time frame determined by the instructor in charge, but in no case later than the end of the next academic quarter. At that time, the Registrar will cause all remaining Incompletes to lapse to the grade "F". Note: Receiving an I does not entitle a student to retake all or any part of the course at a later date. Student Behavior involving cheating, copying other s work, and plagiarism are not tolerated and will result in disciplinary action. Students are responsible for being familiar with the information on Student Conduct in the General Information Section of the UCLA Extension Catalog or on the website at

4 COURSE OUTLINE Date/Topic Next week Assignments Reading for next week 9/20/11 Week One: - Read Textbook Introduction and Chapter 4- Introduction. - Select 2 Publicly Traded GAAP -Why HR needs to understand Companies to follow for finance course -Pre-test - Read Business articlesnewspaper, -Goals of big business -Goal of Financial Mgmt magazines 9/27/11 Week Two -Overview of Finance and Accounting roles. - Finance Terminology 10/4/11-Week Three -Team Project Presentation 15 min. -The Income Statement 10/11/11-Week Four -Quiz# 1 -Report outs Key company metrics and Public company update -The Balance Sheet -Review of Quiz 10/18/11-Week Five -Report outs-hr -ROI 10/25/11-Week Six -Statement of Cash Flow -Annual Company Report -Other Reporting -Team Project Finance and Accounting Overview -Report out on selected Company - Homework: Review last 3 class material for quiz -Identify Key business metrics for your company and report out -Report out on selected company -Prepare presentation from interview with HR leader on key HR metrics, Why HR is important, contribution to business and project future of HR -Read - Team Project: 2 teams Research a public company s Annual Report and present in 2 weeks. 45 minutes presentation -Report on Public Companies -Homework: Review last 3 classes for quiz -Prepare for Quiz #2 - Read Business Articles Chapter 2- Income Statement Chapter 1- Balance Sheet Chapter 10-Return on Investment -Chapter 3-Statement of Cash Flows -Chapter 5-Annual Company Report Read -HR Metrics #1, Chapter 1.

5 11/1/11 Week Seven -Quiz #2 - Annual Company Report Presentation -Review Quiz -Homework: Research company HR metrics and present next class. 10 minutes - Read -HR Metrics #2 Chapter 2,3 Handout - Chapter 12-Business Planning and Budgeting 11/8/11-Week Eight -HR Metrics -Report out on company HR metrics 11/15/11-Week Nine -Report out on your proposed Scorecard. -Business Planning and Budgeting - Report out on public companies -Sarbanes Oxley Act 11/21/11-Week Ten -Financing the Business -Present Finance Interview - Report out on public companies -Final Exam Prep -The HR Brand 11/29/11-Week Eleven -Course Evaluation -Final Exam Review of Final Exam -Written Report due on Summary for public companies -Discussion on the HR Career -Wrap Up - Read Business Articles -Prepare your own HR Scorecard and Present -Homework: Conduct a structured interview with a finance professional and prepare a presentation of your findings - Review public companies and write a summarization report on their 1-2 pages. Prepare final presentation to class 2-3 minutes Handout- Sarbanes Oxley Act -Handout- Designing your Measurement System -Chapter 11- Financing the Business -Chapter 13- Selected Business -Read Handout- What is an HR BRAND? Readings -