Payroll Management & Effective Payroll Controls Training Course

Course Schedule

We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@glomacs.com

Course Description

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 GLOMACS Payroll Management and Effective Payroll Controls training 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 Payroll Management and Effective Payroll Controls training 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 Payroll Management and Effective Payroll Controls training 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

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

Training Methodology

This Payroll Management & Effective Payroll Controls training course will be taught in an interactive manner, using lectures, lessons learned, practical examples, video materials, case studies, software demonstrations, shared participant experiences and practice sessions. There will be group work as well as individual exercises. Delegates will be encouraged to participate actively.

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

Course Outline

DAY 1

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

DAY 2

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

DAY 3

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

DAY 4

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 utilise payroll reports for problem solving
Payroll and external audit procedures

DAY 5

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

Certificates

On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance

Providers and Associations

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Payroll Management
& Effective Payroll Controls

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Fees

Introduction

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

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

Training Methodology

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

SEMINAR OUTLINE

DAY 1

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

DAY 2

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

DAY 3

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

DAY 4

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 utilise payroll reports for problem solving
Payroll and external audit procedures

DAY 5

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

In Association With

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com

An Interactive 5-Day Training Course

Payroll Management & Effective Payroll Controls

Introduction

Objectives

Training Methodology

Who Should Attend?

DAY 1

Payroll Environment

DAY 2

Practical Payroll Implementation

DAY 3

Payroll Management

DAY 4

Corporate Integration

DAY 5

Effective Payroll Controls

Endorsed Education Provider

In Association With