Finance and Accounting Seminars

Payroll Management & Effective Payroll Controls



Introduction:

The efficient management of the payroll function is crucial for any business with multiple employees. It is an aspect that requires attention to detail and careful observation of the regulatory environment. The integration of the payroll function with the finance and human resource departments further contributes to the operational management of a successful organization.

This course gives a comprehensive understanding of the principles of payroll management and effective controls with a strong emphasis on practical application in the working environment.  Whether you are seeking to manage these functions within your organization or to diversify your skillset for career progression, this course will provide you with the skills and knowledge needed to perform the vital function of payroll management and the effective implementation of controls.

You will find value in taking this course by formalizing and updating your skills and learning the most up-to-date processes and best practices involved in the payroll function.

Participants will develop the following competencies:

  • Understanding the payroll regulatory and compliance environment.
  • Confidence in managing the payroll department.
  • Skills to identify risk and implement controls.
  • Ability to integrate the payroll division with the HR and Finance Department.

The target groups:

  • 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.

The Objectives:

  • 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.

The content:

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 Centers, Pay Points and Job Codes.
  • Maintaining Employee Data.
  • Processing Leave.
  • Setting up Pay slips 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 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.

UAE (Dubai)

From 21/6/2020 To 25/6/2020 Price: 2500 Euro
From 23/8/2020 To 27/8/2020 Price: 2500 Euro
From 20/12/2020 To 24/12/2020 Price: 2500 Euro

Egypt (Cairo)

From 14/6/2020 To 18/6/2020 Price: 2500 Euro
From 18/10/2020 To 22/10/2020 Price: 2500 Euro

Jordan (Amman)

From 19/4/2020 To 23/4/2020 Price: 2500 Euro
From 12/7/2020 To 16/7/2020 Price: 2500 Euro

UK (London)

From 9/8/2020 To 13/8/2020 Price: 4500 Euro

Egypt (Sharm El-Sheikh)

From 15/11/2020 To 19/11/2020 Price: 2500 Euro

Malaysia (Kuala Lumpur)

From 5/4/2020 To 9/4/2020 Price: 3500 Euro
From 7/6/2020 To 11/6/2020 Price: 3500 Euro
From 2/8/2020 To 6/8/2020 Price: 3500 Euro
From 4/10/2020 To 8/10/2020 Price: 3500 Euro
From 1/11/2020 To 5/11/2020 Price: 3500 Euro
From 20/12/2020 To 24/12/2020 Price: 3500 Euro

Turkey (Istanbul)

From 3/5/2020 To 7/5/2020 Price: 3000 Euro
From 5/7/2020 To 9/7/2020 Price: 3000 Euro
From 6/9/2020 To 10/9/2020 Price: 3000 Euro
From 1/11/2020 To 5/11/2020 Price: 3000 Euro
From 6/12/2020 To 10/12/2020 Price: 3000 Euro

France (Paris)

From 23/8/2020 To 27/8/2020 Price: 4500 Euro
From 27/12/2020 To 31/12/2020 Price: 4500 Euro

Switzerland (Geneva)

From 19/4/2020 To 23/4/2020 Price: 2500 Euro
From 6/9/2020 To 10/9/2020 Price: 4500 Euro

Spain (Barcelona)

From 5/4/2020 To 9/4/2020 Price: 4500 Euro
From 20/9/2020 To 24/9/2020 Price: 4500 Euro
From 13/12/2020 To 17/12/2020 Price: 4500 Euro

Italy (Rome)

From 19/4/2020 To 23/4/2020 Price: 4500 Euro

Manama (Bahrain)

From 19/4/2020 To 23/4/2020 Price: 2500 Euro
From 26/7/2020 To 30/7/2020 Price: 2500 Euro
From 18/10/2020 To 22/10/2020 Price: 2500 Euro

Kuwait (Kuwait)

From 24/5/2020 To 28/5/2020 Price: 2500 Euro

Spain (madrid)

From 14/6/2020 To 18/6/2020 Price: 4500 Euro

Netherlands (Amsterdam)

From 3/5/2020 To 7/5/2020 Price: 4500 Euro
From 24/5/2020 To 28/5/2020 Price: 4500 Euro

Germany (Munich)

From 3/5/2020 To 7/5/2020 Price: 4500 Euro
From 11/10/2020 To 15/10/2020 Price: 4500 Euro

Belgium (Brussels)

From 21/6/2020 To 25/6/2020 Price: 4500 Euro
From 18/10/2020 To 22/10/2020 Price: 4500 Euro

Italy (Florence)

From 12/7/2020 To 16/7/2020 Price: 4500 Euro
From 22/11/2020 To 26/11/2020 Price: 4500 Euro

Spain (Malaga)

From 19/7/2020 To 23/7/2020 Price: 4500 Euro
From 15/11/2020 To 19/11/2020 Price: 4500 Euro

Join To Our News Letter