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Managing Financial Information
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About the book
In order to plan strategy and manage effectively, it is vital that HR practitioners understand the importance and use of financial information and the issues surrounding it. Managing Financial Information offers a clear and accessible guide to the financial tasks that HR managers face in daily working practice, including the balance sheet, costing and budgeting, and the financial implication of human resource decisions. An easy to follow structure, reflective questions and engaging assignments that show the reader how to put theory into practice will ensure an understanding of all key elements of financial management.
This revised edition includes two fresh chapters that provide an introduction to management accounting, and budgets and human behaviour, and content that demonstrates how the theory relates to human resource management systems in particular. Designed for CIPD students taking the Managing Information for Competitive Advantage module as part of the CIPD Leadership and Management standards, any student taking a finance for non-specialists module on an HR degree programme, and any practitioner wishing to further their skills, Managing Financial Information works through every stage from the very basics and is essential reading to ensure the thorough financial grounding that will help you succeed.
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Table of contents
- Section - ONE: Financial Accounting, Financial Management and Human Resources Practitioners;
- Chapter - 01: Introduction;
- Chapter - 02: The Finance Function and the Human Resources Manager;
- Chapter - 03: The Human Resources Manager and Management Information Systems;
- Chapter - 04: The Balance Sheet and the Human Resources Manager;
- Chapter - 05: The Trading and Profit and Loss Account and the Human Resources Manager;
- Chapter - 06: The Manufacturing Account and the Human Resources Department;
- Chapter - 07: The Interpretation and Use of Financial Information for Human Resources;
- Chapter - 08: Financial Implication of Human Resources Decisions;
- Section - TWO: Management Accounting and Human Resources Practitioners;
- Chapter - 09: Introduction to Management Accounting;
- Chapter - 10: Costings and Human Resources;
- Chapter - 11: Absorption Costing;
- Chapter - 12: Standard Costing;
- Chapter - 13: Marginal Costings and Human Resources Decisions;
- Chapter - 14: Budgets and Human Behaviour;
- Chapter - 15: The Human Resources Manager and the Planning System;
- Chapter - 16: The Master Budget;
- Chapter - 17: Capital Budgeting and its Application to Human Resources;
- Chapter - 18: Solutions to Exercises;
- Chapter - 19: Appendix - Discounted Cash Flow: Selected Tables
Reviews
- The structure is easy to follow and interesting to read...The materials are useful in providing a general overview...and the text covers the points succinctly
- Patricia Chase, Senior Lecturer, Middlesex University, UK
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