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HR Finance 101: A Guide To Finance for HR

AIHR

JANUARY 11, 2023

Labor costs like salaries, benefits, and related taxes make up as much as 70% of total operating costs of a business. For example, when a company pays a wage for a service rendered, the amount is recorded in the wages payable account of the balance sheet. It refers to the outflow of cash in return for incoming goods or services.

Cash Flow 117
Cash Flow Balance Sheet Assets Revenue 117
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The Importance of Business Acumen for High Performance

LSA Global

MAY 9, 2019

We believe that employees need to better understand the key factors that affect a company’s operations and financial strength to improve decision-making and strategy execution. Operating income. Operating Expenses. Cash flow. Study the Balance Sheet. A Lack of Business Acumen Exists.

Balance Sheet 28
Balance Sheet Cash Flow Revenue Metrics 28
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