A Practical Approach to Payroll, Budgeting and Finance

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. 

Upon completion of this course, participants will be able to:
•    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.

Programme Content

Session 1:     Introduction to Payroll Processing

• Gross Pay:
• Overtime
• Holiday Pay
• Bonus Payments
• Incentive Schemes
• Commissions
• Arrears

Session 2:    Deductions

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

Session 3:    Starters and Leavers

• TD1
• TD4
• Severance Payment
• Terminal Benefits

Session 4:    Budgeting (1)

• Personal Budgeting
• Fixed Budget
• Flex Budget
• Rolling Budget

Session 5:    Budgeting (2)

• Cash Budget
• Activity-based Budget
• Revision

Registration Information

• Registration for all Corporate Training courses can be done at the Champs Fleurs, Port-of-Spain, Trincity or San Fernando Campus.
• Payment of fees can be made by linx, credit card or cheque.
• An administration fee of $100.00 is payable on all registrations.
• A late fee of $20 will apply on registrations within 1 week of commencement of class.
• A Certificate of participation is awarded to each participant upon satisfying 80% attendance of classes and/or any exam or course-work assigned by lecturer.
• Please note that all information is subject to change.  It is advisable to confirm all information before registration.

Schedule