The Payroll Management and Effective
Payroll Controls Program equips delegates with the tools necessary to
meet demands of the current job market. Participants in this program
will develop their skills in accounting beyond introductory principles.
The aim of this program is to provide
Participants a combination of office administration skills with a
practical foundation in accounting, computerized accounting systems, and
payroll. In addition to accounting fundamentals, Participants will be
able to: perform payroll practices covering an annual payroll cycle;
effectively communicate payroll issues to all stakeholders; and
understand the accounting function as it relates to the payroll
practice.
Learning Outcomes
How to effectively run a compliant payroll office
Practical payroll implementation
How to generate information and reports for internal and external use
How to plan, organize, implement and monitor work within the payroll environment
Data processing using software
Integration of payroll into the HR and finance departments
Mitigating risk and implementation of controls
Performance of internal and external payroll audits
Course Outline
Payroll Environment
Types of payroll systems
How to effectively run your payroll department/office
The acts that govern payroll
Integration with company policies
Responsibility of the payroll administrator
Internal payroll audit
Practical Payroll Implementation
The key steps involved in payroll activities.
Creating cost centres, pay points and job codes
Maintaining employee data
Processing leave
Setting up payslips and ensuring regulatory compliance
Capturing overtime and additional payment information
Making amendments and accounting for specific transactions
Updating to new pay period and month-end procedures
Payroll Management
Definition of an employee and how an employee designation impacts payroll
Employee time management and tracking
Employee compensation
Additional employee benefits
Types of deductions and why they are used
Ethical considerations in the payroll function
Linking payroll with the HR (Human Resource) function
Setting up your payroll division
Corporate Integration
Linking payroll with company finance department
Recording of payroll transactions in the accounting records
Application of payroll accruals
Common payroll measurements and how they are used
Contents of the various payroll reports and how to use them
How to utilize payroll reports for problem solving
Payroll and external audit procedures
Effective Payroll Controls
Protection of personal information
What are internal controls?
Identifying risks in the payroll cycle
Implementation of payroll controls
Evaluating payroll controls
Outsourcing arrangements and responsibilities
Common mistakes and how to avoid them
Who Should Attend
Payroll administrators who wish to enhance their payroll knowledge and application
Human Resource professionals who wish to
gain a better understanding of the payroll system and how it is
integrated into the corporate human resource environment
Accountants who wish to diversify their skillset for career progression
Methodology
The Payroll Management and Effective
Payroll Controls course will be taught in an interactive manner, using
lectures, lessons learned, practical examples, video materials, case
studies, shared participant experiences and practice sessions. There
will be group work as well as individual exercises. Delegates will be
encouraged to participate actively.
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