Cambridge
Academy
In London

Course Objectives

By the end of this course, participants will be able to:

·        Introduction to the accounting of salaries, wages, and financial benefits for employees

·        General review of the most important financial accounting concepts related to salaries and wages

·        Salary and wage basic financial components

·        Salary and wage accounting fundamentals

·        Work component: its importance and relationship to the cost structure of activities

·        Calculation of the gross wage rate and the principles of its calculation

·        Deductions and deductions, and the calculation of the net wage due to the worker

·        Accounting treatment of deductions and other deductions

·        The entries in the accounting records for the disbursement of salaries and wages

·        Payments for monthly or annual instalments and the necessary restrictions for them

·        laws and regulations governing salaries, wages, and benefits for employees.

·        Modern trends and methods used in the preparation of salaries and wages and their accessories

·        Preparation of payroll and wages statement

·        Functionally analyzing wages and charging activities to the cost of the work component

·        Accounting and cost control over the wage component

·        Incentive systems, principles, and criteria for linking pay to production.

·        General practical laboratory on the financial and accounting problems of the element of salaries and wages.

·        Human capital accounting and how to calculate, process, and evaluate it.

·        Exercises and practical situations

Target Audience

This course is designed for:

·        Heads of departments of human resources management, personnel affairs, and employees in salaries and wages

·        Heads of departments of financial management, accountants in salaries and employees of financial departments

·        Those interested in financial and accounting work related to salaries, wages, and benefits provided to employees

Course Outlines

Day 1 : General Framework for Wage and Incentive Systems

·        Characteristics of the proper system of wages and incentives

·        The different divisions of wages and incentives

·        Factors influencing the determination of wages and incentives in organizations.

·        Stages of designing Ahwar and incentive systems

·        Basics for determining job grades

·        Theories and models of measuring wages and incentives.

Day 2:  Principles for Determining the Net Wage Due to Employees

·        Bases for calculating total wages due

·        The concept of comprehensive remuneration and the principles of its calculation

·        Types of deductions to be deducted

·        How to determine the net wage due to the employee.

·        Payroll preparation on a computer

·        Payment systems

Day 3 : Accounting System for Wages and Incentives

·        Preparation of a wage budget

·        Documentary and accounting cycles for wages

·        Accounting treatment of salaries and their accessories

·        job analysis of wages and uploading them to the regions, departments, and departments

·        Various practical applications and cases

·        Payroll cost processing

·        Accounting and cost control over the wage element.

Day 4: Accounting Problems Related to Wages and Salaries

·        Liquidity assessment

·        Methods of preparation and components of the cash budget

·        Liquidity management in the light of the cash budget and cases of technical and real financial hardship

·        Short-term operational risk assessment reports using cash balance sheets

·        Skills of Salary and Wage Auditing

·        Payroll Auditor Procedures

·        Photos and methods of mistakes and fraud in the preparation of salaries and how to detect them.

·        Evaluation of the internal control system for salaries and wages.

Day 5: Analytical review procedures for salaries and wages

·        evidence to verify the integrity of salary and wage accounts,

·        Advanced internal salary audit methods in accordance with international standards

·        : Accounting Workshop on Salaries, Wages, and Benefits and Auditing Them Using the Computer

·        Computer skills

·        Preparation of payroll and wages

·        Comprehensive wage rate: calculation principles and applications in cost accounting

·        Audit of wages and salaries

·        Electronic operating procedures for wages and the preparation of statements of entitlements