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Human Resources Core Knowledge: Skills, Concepts, and Tools

Overview/Description This course examines key skills required in human resource professionals, including the ability to lead and motivate others. Human resources concepts and applications are also examined, as well as ethics and professional standards that every organization should follow. This course also provides insight into how to perform environmental scans, and discusses organizational structures as well as change management. This course is created to help HR professionals preparing for the Human Resource Certification Institute's (HRCI) PHR and SPHR certification examinations. The...

Increasing Cash Flow in Times of Need

Overview/Description The life blood of any successful business is the steady and predictable flow of incoming cash. But what steps can be taken when a business experiences acute revenue shortfalls? This Business Impact explores some common options available to business owners when facing a critical need to increase cash flow. Expected Duration (hours) 0.1 Lesson ObjectivesIncreasing Cash Flow in Times of Need

Introduction to Auditing

Overview/Description The audit function has become very important over the years. Various stakeholders are applying greater pressure on companies to increase transparency and strengthen corporate governance initiatives. Auditing is used as a tool to evaluate the quality of an organization's output, including the people, systems, and procedures, as well as financial statements. Today’s auditors are multifaceted individuals who have a broad experience and understanding of how different business components operate and interact with one another. This course helps you understand what auditing...

Organizational Behavior: Dynamics of a Positive Organizational Culture

Overview/Description An organizational culture isn't a set of rules or standards, but rather an interactive process – a social construct that's constantly changing. It's an invisible, dynamic force that drives a company and its actions. Culture is reflected in artifacts, patterns of acceptable behavior, and shared traditions, values, policies, attitudes, structures, and beliefs within any relatively stable organization. In this course, you'll learn how to foster a positive organizational culture. You'll first learn about the characteristics of a positive workplace culture and the benefits...

Organizational Budgeting Activities and the Master Budget

Overview/Description A budget is a financial blueprint for planning an organization's activities and controlling its performance over a designated period of time. It helps allocate an organization's resources as it pursues its financial goals. Organizational budgeting refers to activities that focus on the creation of organizational and departmental budgets, their allocation, and their use in monitoring an organization's activities. Departmental heads, managers, and professionals throughout an organization deal with budgets one way or other in their day-to-day operations, and familiarity with...

Organizational Structure and Employee Behavior

Overview/Description The structure of an organization, including the complexity of the management hierarchy and the nature of the authority and reporting flow, can affect all aspects of employee interaction and overall behavior in the company. The organizational structure is the formal framework for communication and authority, and must be designed in a way that enables a company to achieve its mission, goals, and objectives. In this course, you'll learn how to instill positive employee behavior within your organizational structure. You'll first learn about the elements of an organizational...

Outsourcing Financial Activities

Overview/Description Businesses are increasingly outsourcing portions of their accounting. This Business Impact explores the pros and cons of outsourcing financial activities to third party service providers. Expected Duration (hours) 0.1 Lesson ObjectivesOutsourcing Financial Activities

Planning and Preparing an Operating Budget

Overview/Description Preparing and planning budgets involves a number of organizational activities, ranging from determining the organization's budgetary goals to approving its budgets over a specific period of time. Individual departments translate the organization's budgetary goals into departmental goals relevant to their area. Preparing operating budgets often starts with revenue forecasting, followed by various expenses budgets. Many forecasting tools are used for forecasting revenues and expenses. Knowing the various activities associated with preparing, reviewing, and having management...

Preparing Operating Budgets and the Cash Budget

Overview/Description Budgets translate an organization's strategic plans into actionable goals for respective departments. The cash budget and operating budgets, in particular, help departments plan the allocation and use of organization's financial resources. A budgeted income statement, which is the final operating budget to prepare, represents an organization's expected profitability if activities are carried out as planned in operating budgets. A cash budget is prepared to ensure availability of adequate cash to pay for expenses incurred during budgeted period. This course explores how...

Preventing High Turnover Rates: How to Keep the Best

Overview/Description While some turnover is unavoidable, companies must take proactive steps minimize its effect. This Business Impact explores retention strategies for holding on to top performers. Target Audience Individuals responsible for managing personnel either occasionally, for example as project managers, or more permanently as team leaders or line managers. Expected Duration (hours) 0.1 Lesson ObjectivesPreventing High Turnover Rates: How to Keep The Best

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