> Does Human Resource require accounting?

Does Human Resource require accounting?

Posted at: 2015-07-28 
I am doing first year of Uni and I have to do accounting as part of my course and I hate it. i am not good at accounting, I don't understand it. All i want to do is focus in HR such as recruitment, performance management, succession and WHS. Is accounting really that important?

If you hate accounting and don't understand it, you may want to consider changing from a business major. Accounting is the language of business, and virtually every business decision depends on accounting information. So if you want to be successful in your business courses, you had better buckle down and pay attention to the required accounting courses. There is a good reason why every business student must take accounting courses. A change in your attitude toward accounting would be a good idea. You will be using accounting information for the rest of your life. If you do not understand it, you will have a poor life.

At my university, yes, accounting is required for business with an HR concentration. HR often works in payroll, benefits (retirement, pensions, 401k's, matching), and a little bit of tax paperwork. So, oftentimes, you'd be required to take basic accounting. At my university, you have to take managerial and financial principles of accounting. There are little tidbits that apply here and there. Journalizing, preparing financials, etc. don't really apply, but it's good to have the knowledge to know what you're talking about. Even when you're recruiting and trying to highlight the financials and promote the company as a financially sound enterprise, you'd need to know basics. My business strategy professor was in HR for his career, and he had to deal with auditors, retirement accounts, and had to pull data from the financials to prepare documentation.

HR has nothing to do with accounting other than MAYBE payroll in some companies, but an accountant would be doing the payroll work

YES. Not only do you have to have a basic understanding to manage projects, budgets, etc,

But you have to be able to talk the financial talk. Your money is going to come from the finance side and if you can't talk to the CEO, CFO, Controller, etc you are not going to be able to get the money the HR side needs.

Payroll and tax management is, I assume handled by some HR departments.