University of Denver Balance Sheet Worksheet

Description

The assignment this week is to show the potential impact of various HR functions or activities have on the three major financial statements.

Create a table that listed the major components of the Income Statement, Balance Sheet and Cash Flow statements. Explain how HR can impact those components. For example, reducing the time to fill a position could potentially increase revenue on the Income Statement. Or, expanding the time to pay a vendor for an HRIS system will improve cash flow from operations. What about DSO’s or sales commissions or benefits or PTO or training or…. hopefully you get the idea.

You can use either Excel or Word for your table. You can be creative on how you present your alignments. You do not need to include references. Assessment will be on level of understanding of how & where HR does impacts financial performance.

The link below is to an Excel file that can be used for your assignment.

HRA Financial Foundations for HR- financial summary assignment-1.xlsx

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