Finance and Accounting for HR Professionals | Arts and Science ONLINE

Finance & Accounting for HR Professionals

Meeting room wit laptop, papers with stats, and empty chairs
EMPR 280/3.0

This course introduces the basic principles of accounting and finance that are relevant to employment relations specialists.  Topics will include:  financial accounting fundamentals; the four main financial accounting reports; financial ratios; management accounting concepts applicable to employment relations specialists such as budgeting for salaries, employee benefits and pensions; types of employee benefits and pensions; the present value of money concept and its applicability to financial planning.

Learning Outcomes

 After completing EMPR 280, students will be able to:

  1. Discuss sufficient accounting and financial theory for effective participation and influence within the senior management team of an organization.
  2. Communicate and collaborate effectively with the professional Financial Managers of an organization.
  3. Differentiate between financial accounting and management accounting and apply these two different types of accounting correctly to the financial management of an organization.
  4. Record financial events and utilize this data to generate the four main statements within financial accounting.
  5. Develop complex employee compensation budgets inclusive of wages, employee benefits, and pensions.
  6. Analyze financial statements using common financial ratios.
  7. Explain the Present Value of money concept and demonstrate why it is essential for long-term financial planning and pension calculations.


This course is part of the Queen’s Undergraduate Certificate in Employment Relations. The Certificate focuses on core elements of the field of work and employee-management relations, while taking account of social science perspectives from economics, law, management, and history. The Certificate provides a broad foundation in the field of employment relations, including the areas of labour/employment law, labour-management relations, conflict management and negotiations, human resources management, and labour policy. Taken together, these courses and the resulting Certificate form the basis for a recognized university credential that will support students who are seeking entry level jobs in labour relations and human resources management after leaving Queen’s.

Please note: This course is typically offered in the summer term


  • Module 1: What is accounting?
  • Module 2: The income statement report.
  • Module 3: The balance sheet report.
  • Module 4: Accounting in the non-profit sectior.
  • Module 5: The cash flow report and cash budgeting.
  • Module 6: Budgeting methodologies.
  • Module 7: Detailed budgeting techniques for salary costs.
  • Module 8: Detailed budgeting techniques for employee benefit costs.
  • Module 9: Employee pensions and their financial cost.
  • Module 10: Financial statement analysis and common terms/ratios.
  • Module 11: The time value of money and the commuted value of pensions.
  • Module 12: Review and refresher.


Course Resources


SOLUS is Queen’s Student On-Line University System. You’ll have access to a SOLUS account once you become a Queen’s student. You’ll use SOLUS to register for courses, add and drop courses, update your contact information, view financial and academic information, and pay your tuition.

About OnQ

onQ is Queen's online learning platform. You'll log into onQ to access your course. All materials related to your course—notes, readings, videos, recordings, discussion forums, assignments, quizzes, groupwork, tutorials, and help—will be on the onQ site.

About Credit Units

Queen’s courses are weighted in credit units. A typical one-term course is worth 3.0 units, and a typical two-term course is worth 6.0 units. You combine these units to create your degree. A general (three-year) BA or BSc requires a total of 90 credit units.

Computer Requirements

To take an online course, you’ll need a high speed internet connection as well as a microphone and speakers to be able to watch videos, hear sounds, and participate in interactive online activities. A webcam is recommended but not necessary.

System Requirements:

Computer Specifications

  • Windows 8.1 or newer
  • OSX 10.13 (High Sierra) or newer
  • Dual Core 2 GHz processor
  • 4 GB RAM
  • Soundcard
  • USB Headset
  • Webcam

Supported Browsers

  • Chrome (preferred - latest version)
  • Firefox (latest version)
  • Safari is not recommended as it causes several known issues in onQ
  • Edge is not recommended as it causes several known issues in onQ

Internet Connection

  • Wired high speed access: Cable or better
  • Wifi is not recommended


  • Latest version

Media Player

  • Flash (latest version)

Adobe Reader

  • Latest Version


The deadlines for new applications to Queen’s Arts and Science Online courses are in our Upcoming Application Dates section.

Grading Scheme

The information below is intended for undergraduate students in the Faculty of Arts and Science. Academic Regulations in other Faculties may differ.

Letter Grade Grade Point

GPA Calculators
Have your SOLUS grade report handy and then follow the link to the Arts and Science GPA calculators.

How does this affect my academics?
See the GPA and Academic Standing page.

Follow the link above for an explanation of how the GPA system affects such things as the Dean’s Honour List, requirements to graduate, and academic progression.

Frequently Asked Questions on the Grading Scheme
Please follow this link to the FAQ's

Tuition Fees

Tuition fees vary depending when you start, your year, faculty, and program. Fees for Summer Term 2018 first-year Distance Career Arts & Science Domestic students are as follows: for a 3.0-unit course, $685.90; for a 6.0-unit course, $1371.80 See also Tuition and Fees.

Campus Bookstore

All textbooks, if required, can be purchased at Queen’s Campus Bookstore.

Non-Queen’s Students

All Queen’s Arts and Science Online courses are open to students at other universities. Before applying as a visiting student, request a Letter of Permission from your home university that states that you have permission to take the course and apply it to your degree. See also Apply.

Academic Integrity

Please see Queen’s policy statement on academic integrity for information on how to complete an online course honestly.