Hallo.......every1,
Actually i hav a question . Can any1 explain me how much of Financial Accounting/Financial Mgt (related work) is involved in HR or HR-work in an org.??? Actually i m nt from commerce stream n dont hav a good base abt FM though we had the FM classes in 1st sem. So i m afraid- as i hav seen there is 1 section (forum) for FM in our citehr forum index.
Is everything from FM needed in HR day to day work?????? If nt can any1 tell me which topics of FM r specially required?????
I m looking 4 ur valuable responses.
From India, Guwahati
16Actually i hav a question . Can any1 explain me how much of Financial Accounting/Financial Mgt (related work) is involved in HR or HR-work in an org.??? Actually i m nt from commerce stream n dont hav a good base abt FM though we had the FM classes in 1st sem. So i m afraid- as i hav seen there is 1 section (forum) for FM in our citehr forum index.
Is everything from FM needed in HR day to day work?????? If nt can any1 tell me which topics of FM r specially required?????
I m looking 4 ur valuable responses.
From India, Guwahati
Gentleman,
Finance is one among its many dimentions of HR. HR works for generating revenue for business, industry or trade. The role played by HR and contribution towards revenue generation through services valued in terms of money. Salary or wages are remuneration capable of being expressed in terms of money is subject of finance. Human capital is an important component of competancies and capabilities drive organization and the investment on skills upgradation or competancy building on Human Capital values of the organization in acounting principles today's world which is an asset of organization shown in the balance sheet.
I tried to explain in simple terms hope this is enough to enlarge the Human Capital and Economic Value Addition Concepts.
Regards
Sawant
From Saudi Arabia
Finance is one among its many dimentions of HR. HR works for generating revenue for business, industry or trade. The role played by HR and contribution towards revenue generation through services valued in terms of money. Salary or wages are remuneration capable of being expressed in terms of money is subject of finance. Human capital is an important component of competancies and capabilities drive organization and the investment on skills upgradation or competancy building on Human Capital values of the organization in acounting principles today's world which is an asset of organization shown in the balance sheet.
I tried to explain in simple terms hope this is enough to enlarge the Human Capital and Economic Value Addition Concepts.
Regards
Sawant
From Saudi Arabia
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