You will act as a senior HR manager of a very large, publicly traded company known as XYZ Inc. The CEO of XYZ Inc. has asked you to prepare an important orientation presentation for the global HR organization of XYZ Inc. The presentation is focused on the following topics:

• Why are Finance & Accounting relevant to HR organizations?

• Explain the difference between Financial Accounting and Managerial Accounting.

• Provide an orientation to the Statement of Financial Position (Balance Sheet) and Income Statement of XYZ Inc. See Appendix 1.

• What elements of financial statements will HR operations impact? And why?

• Explain impacts of XYZ Inc. being a publicly traded company on a stock exchange.

• Add additional content from chapters 1, 2, 3 & 14 from Williams, Financial & Managerial Accounting, 19e, which you believe are relevant to making this presentation a success, like forms of business organizations.

 

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Appendix 1: Assets Cash Accounts Receivable Supplies Machinery & Equipment Buildings Land $ 11,040 960 480 78,000 62,400 81,600 $234,480 Expenses: Payments to long-term creditors Expenses required to provide services to customers Purchase of land Net income Liabilities & Owners' Equity Liabilities: Notes Payable Accounts Payable Salaries Payable Total Total XYZ Inc. Balance Sheet as of December 31, 2022 ($ Millions) Total liabilities Owners' equity: Capital Stock *Retained Earnings XYZ Inc. Income Statement - January 1, 2022 to December 31, 2022 ($ Millions) Revenues: Services provided to customers Investment by stockholders Loan from bank $17,000 5,000 15,000 $ 34,800 16,800 3,600 $ 55,200 $11,700 7,800 16,000 $120,000 59,280 $234,480 $37,000 35,500 $1,500 Appendix 1: Assets Cash Accounts Receivable Supplies Machinery & Equipment Buildings Land $ 11,040 960 480 78,000 62,400 81,600 $234,480 Expenses: Payments to long-term creditors Expenses required to provide services to customers Purchase of land Net income Liabilities & Owners' Equity Liabilities: Notes Payable Accounts Payable Salaries Payable Total Total XYZ Inc. Balance Sheet as of December 31, 2022 ($ Millions) Total liabilities Owners' equity: Capital Stock *Retained Earnings XYZ Inc. Income Statement - January 1, 2022 to December 31, 2022 ($ Millions) Revenues: Services provided to customers Investment by stockholders Loan from bank $17,000 5,000 15,000 $ 34,800 16,800 3,600 $ 55,200 $11,700 7,800 16,000 $120,000 59,280 $234,480 $37,000 35,500 $1,500