CIPD FREE03 Videos – People Professionals and Finance
26 learning videos across 3 learning outcomes, one for each assessment criteria in FREE03.
To develop learners’ understanding of essential finance concepts in business and how people professionals use financial insight to support workforce decisions, budgets and organisational performance.
Learning Outcome 1
Understanding revenue, costs, profit, and margin
AC 1.1 – Explain key financial terms and statements used in organisations.
Introduction to the three core financial statements
AC 1.1 – Explain key financial terms and statements used in organisations.
Types of costs, expenditure, and working capital
AC 1.1 – Explain key financial terms and statements used in organisations.
Payroll, credit terms, and cash flow timing
AC 1.2 – Explain the difference between profit and cash and why it matters.
Introduction to profit and cash - definitions and key differences
AC 1.2 – Explain the difference between profit and cash and why it matters.
Seasonality, growth, and practical implications
AC 1.2 – Explain the difference between profit and cash and why it matters.
Introduction to people costs and measuring the workforce
AC 1.3 – Discuss how people costs appear in financial reporting.
Hidden costs, accounting treatments, and budgeting
AC 1.3 – Discuss how people costs appear in financial reporting.
Direct employment costs and benefits
AC 1.3 – Discuss how people costs appear in financial reporting.
Learning Outcome 2
Reforecasting, Cost Centres, and Headcount Planning
AC 2.1 – Explain how budgeting and forecasting apply to workforce planning.
Annual Budgets and Workforce Budget Components
AC 2.1 – Explain how budgeting and forecasting apply to workforce planning.
Vacancy Factors, Scenario Planning, and Build vs Buy Decisions
AC 2.1 – Explain how budgeting and forecasting apply to workforce planning.
Introduction to evaluating people initiatives and ROI fundamentals
AC 2.2 – Discuss how to evaluate the cost and value of people initiatives.
Turnover costs, absence reduction, training impact, and compliance value
AC 2.2 – Discuss how to evaluate the cost and value of people initiatives.
Market benchmarking, pay reviews, and bonus affordability
AC 2.3 – Explain how reward decisions link to organisational affordability and strategy.
Pay frameworks, salary drift, and total reward fundamentals
AC 2.3 – Explain how reward decisions link to organisational affordability and strategy.
Equal pay, compression, and strategic reward trade-offs
AC 2.3 – Explain how reward decisions link to organisational affordability and strategy.
Learning Outcome 3
Introduction to financial risks, payroll errors, and fraud
AC 3.1 – Explain key financial risks linked to people practice.
Non-compliance penalties and contractor management
AC 3.1 – Explain key financial risks linked to people practice.
Turnover, overtime, absence, and litigation costs
AC 3.1 – Explain key financial risks linked to people practice.
Segregation of duties, data quality, and secure information handling
AC 3.2 – Discuss the importance of controls, authorisation and data quality.
Authorisation, delegated authority, and audit trails
AC 3.2 – Discuss the importance of controls, authorisation and data quality.
Understanding organisational controls and why they matter
AC 3.2 – Discuss the importance of controls, authorisation and data quality.
Metrics, visuals, and working with finance colleagues
AC 3.3 – Explain how people professionals can communicate financial information effectively.
Building effective business cases and using plain language
AC 3.3 – Explain how people professionals can communicate financial information effectively.
Strategic alignment, assumptions, and communicating risk
AC 3.3 – Explain how people professionals can communicate financial information effectively.