Finance and Accounting Courses

Course Objectives:

At the end of this course the participants will be able to:

• Understand the functions of human resources, accounting, and finance and how to contribute to its success.
• Prepare monthly salaries and review accurately.
• Understand the staff returns and their loans and their holidays and reward the end of their service are calculated.
• Match payroll and auditing in supporting documents for payment.
• Prepare monthly and annual salary budgets
• Design periodical reports to payroll management and analysis.

Targeted Competencies:

• Staff cost control.
• Preparation and preparation of salaries.
• Payroll analysis and reporting.
• Accounting of payrolls and settlement of accounts.
• Preparing salaries and expenses budget.
• Balance of expenses and assets.

Course Content:

Unit 1: The Importance of The Payroll Department as a Link:

• Employment.
• Retain staff.
• Development.
• Introduction to Accounting and Finance.
• Financial and administrative decisions.
• Payroll section as a link.
• The objectives of the Department of payrolls.
• Controls section of salaries.
• Policies and procedures of the Department of payrolls.

Unit 2: Preparation and Calculation of Salaries:

• Determine the correct controls in the payroll section.
• Determine the correct calculation basis.
• The risks that lead to the occurrence of errors in salaries.
• Increases and discounts.
• Approvals on salaries.
• Fraud in the payroll department.
• Fraud prevention in the payroll department.
• Prepare the payroll.

Unit 3: Loans and Bonuses Employees:

• Characteristics of loans and salary advances.
• Control of obtaining loans and rewards.
• Preparation of loan reports.
• Compensate for the end of the actual cumulative service.
• Prepare reward reports.

Unit 4: The Role of Accounting and Auditing Departments:

• Recording salaries and payroll expenses payable.
• The registration of the costs of salaries owed on the assets and inventory.
• Salary settlement with employee accounts.
• The settlement of liabilities with social security and government agencies.
• Reconcile payments and bank account.
• Introduction of internal and external audit.
• Auditing payroll.

Unit 5: Preparation of Balancing Payrolls:

• Introduction to the budget.
• The preparation of the budget for the Department of salaries.
• Prepare the annual budget for salaries and contributions for the entire company.

Unit 6: Statement of Payrolls and Contributions:

• Reports on payrolls.
• Payroll Protection System.
• Ministry of Labor.
• Social Insurance.
• General Organization for Social Insurance in Saudi Arabia (GOSI).
• General Authority for Pensions and Social Security in the United Arab Emirates (GPSSA).

Targeted Groups:

• Payroll Staff
• Payroll Accountants
• Account Assistants
• Payroll Supervisors and Managers
• HR Professionals and team members who handle payroll as well as employees interested in understanding and applying payroll best practices.