This course is an introduction to accounting for payroll.  Students will review areas including fixed assets and payroll, and perform financial analysis. 

Additional topics include departmental accounting and budgeting.  Accounting for payroll will be examined thoroughly and participants will be introduced to payroll accounting requirements. 

• Have a fair understanding of payroll processing
• Process departmental accounting data (Deductions)
• Describe income tax withholding laws
• Describe human resources system
• Describe payroll accounting system.
• Differentiate between salaries and wages
• Calculate gross pay.
• Prepare payroll register.
• Understand budgeting process and concepts/types.

Session 1:
Introduction to Payroll Processing - Gross Pay

• Overtime
• Holiday Pay
• Bonus Payments
• Incentive Schemes
• Commisions
• Arrears

Session 2:
Deductions

• Taxes
• N. I. S.
• Health Surcharge
• Non-Statutory Deductions

Session 3:
Starters and Leavers

• TD1
• TD4
• Severance Payments
• Terminal Benefits

Session 4:
Budgeting (1)

• Personal Budgeting
• Fixed Budget
• Flexed Budget
• Rolling Budget

Session 5:
Budgeting (2)

• Cash Budget
• Activity-based Budget
• Revision