Finance for Absolute Beginners
It’s the beginning of the day and you’re just settling into your first leadership team meeting. The CFO is about to review the organization’s financial report. You’re familiar with a few of the terms but you think to yourself, “I am not a numbers person”. Here’s the good news, you can be! This course is designed for HR professionals with no or limited financial background. The overall goal is to gain a better understanding of business and financial concepts to help build a foundation for becoming a strategic business partner.
It’ll cover the interpretation of important sections on financial statements in a simple and understandable way…by running your own lemonade stand!
It’ll also help you identify what drivers impact the organization’s performance and how you, in HR, influence those results. Take this course to become more comfortable with numbers, learn the basics and have some fun!
HR Jetpack is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit shrmcertification.org.
This activity, has been approved for 1.0 HR (Business) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
The use of the HRCI seal confirms that this activity has met HR Certification Institute's® (HRCI®) criteria for recertification credit pre-approval.
Title: How Does it Work in My Organization?
Module: Setting The Foundation
Let’s pause here and think about how it works in your organization.
What do we sell?
Who are our customers?
What do we need to have in place sell our products or service?
Who are our suppliers?
These questions are foundational to understanding the business.
Let’s now take a look at the Value Map of the Lemonade Stand. Where does it all begin? What are the steps that have to take place for our final product to reach the customer?
We buy supplies. We make lemonade. We sell lemonade and the process repeats. This is the value map of the lemonade stand business at a very basic and simple level. Understanding the value map of the business will help you discover opportunities for productivity improvement, innovation and growth.
How does it work in your organization? Pause to think and make notes. Where does it all begin? And what are the steps that have to take place for the final product to reach the customer? Where do you think you, in your role, have an impact in which step of the value map? This will help you see how you can enhance your value to the organization and find new opportunities.
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Anna designs and delivers learning and change facilitation experiences that speak to the learner and inspire people and organization reach for potential and create an impact with. She applies engaging, immersive, simulation- and game-based methodology and developments in neuroscience, psychology and concepts of motivation to learning design and change...