Professional or Senior Professional in HR (PHR/SPHR)

Course details

     Module 1  - Strategic Management
     Module 2 – Workforce Planning & Employment
     Module 3 - Human Resource Development - HRD 
     Module 4 – Total Rewards
     Module 5 - Employee and Labor Relations
     Module 6 – Risk Management

FINANCIAL ACCOUNTING & REPORTING ‘FARE’ 

FARE 1: 
Sources of GAAP & Basic Framework and Concepts, Reporting Net Income, Income Statement: Income from Continuing Operations, Discontinued Operations, Extraordinary Items, Accounting Changes and Prior Period Adjustments, Comprehensive Income, Balance Sheet and Disclosures Overview, Interim Fin. Reporting, Segment Reporting, Development-Stage Enterprises, Fair value measurements. 

FARE 2:
Timing issues: Matching of Revenue and Expenses, Correcting and Adjusting Accounts, Long-term Construction Contracts, Accounting for instalment sales, Accounting for Non-monetary Exchanges, Partnerships, Financial reporting and changing prices, Foreign currency accounting (SFAS 52). 

FARE 3:
Marketable Securities, Business combinations/Consolidations, Cost method , Equity method, Consolidated Financial Statements, Purchase method ,Inter-company transactions, combined financial Statements/push down accounting. 

FARE 4:
Working capital and its components, Inventories, Fixed assets, Depreciable assets and depreciation, Fixed asset impairment. 

FARE 5:
Present values and Annuities, Accounting for Leases, Investment in debt securities, Long-term liabilities and bonds payable, Troubled debt restructurings (impaired loans). 

FARE 6:
Pension Plans, Accounting for Postretirement Benefits other than pensions, Accounting for Post-employment Benefits (SFAS 112), Estimated Liability (vs. Accrued Liability), Contingencies (SFAS 5), Accounting for income taxes. 

FARE 7:
Financial instruments, stockholders’ equity, Earnings per share, Statement of cash flows. 

FARE 8:
Governmental accounting overview, Modified accrual accounting, Governmental funds, Proprietary funds, Fiduciary funds. 

FARE 9:
Governmental accounting (Part B), Not-for-profit Organizations. 

AUDITING & ATTESTATION ‘AUD & ATT’ 

AUD&ATT 1:
Audited Financial Statements-The Basics, Professional standards, Reports on Audited Financial Statements, Reports on Comparative financial statements, Events occurring after year end , Reporting on Other Information. 

AUD&ATT 2: 
Quality control standards, other engagements, reports, and accounting services, compilation and review of financial statements, Reporting on comparative financial information, Review of interim financial information, letters for underwriters, Attest Engagements. 

AUD&ATT 3: 
Planning and supervision, Fraud and illegal acts, Risk Assessment, Internal Control, Responding to Assessed risks.. 

AUD&ATT 4: 
Transaction cycles, Audit documentation, Audit Evidence, Evidential Procedures for Selected Accounts, Audit evidence: miscellaneous items. 

AUD&ATT 5: 
Audit sampling, The effect of information technology on the audit, internal control communications, Government auditing, Communication with the those charged with governance, Management representations. 

REGULATION ‘REG’ 

REG 1: 
Individual taxation – filing status, exemptions, gross income, capital gains and losses. 

REG 2: 
Adjustments and itemized deductions, Tax calculations and credits, Individual taxation – other taxes/other items. 

REG 3: 
C corporations, depreciation, and MACRS, Small business corporations (S corporations). 

REG 4: 
Partnership taxation, Estate, trust, and gift taxation. Tax return preparer issues, The Sarbanes-Oxley Act of 2002, Ethics and professional responsibilities. 

REG 5: 
Contracts, Sales 

REG 6: 
Commercial paper, Secured transactions, Real property. 

REG 7: 
Agency, Bankruptcy, Securities regulation, CPA legal Liability, Property insurance. 

BUSINESS ENVIRONMENT & CONCEPTS ‘BUS. ENV.’ 

BUS. ENV.1: 
Sole proprietorship and joint venture, General partnership, Limited Liability partnership, Limited partnership, Limited liability company, Corporation. 

BUS. ENV.2: 
Business cycles and reasons for business fluctuations, Economic measures and reasons for changes in the economy, Market influences on business strategies, Implications of dealings in foreign currencies. 

BUS. ENV.3: 
Factors affecting financial modelling and decision making, Financial modelling for capital decisions, Strategies for short-term and long-term financing, Financial Statement and business implications of liquid asset management. 

BUS. ENV.4: 
Introduction to information technology, Roles and responsibilities within the information technology (IT) function, IT fundamentals, Risks, controls, disaster recovery & business continuity, Electronic business. 

BUS. ENV.5: 
Cost measurement and cost measurement concepts, Accumulating and assigning costs, Factors affecting production costs, Financial models used for operating decisions, Forecasting and projection techniques, Planning/Budgeting overview and Planning/budgeting techniques, Budget variance analysis, Organizational performance measures, Benchmarking techniques and best practices.