Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Payroll: Preparation, Analysis and Management

By: Reenel Associates

Abuja FCT, Nigeria

28 - 30 Mar, 2016  3 days

Follow Event

  

NGN 150,000

Employee costs from payroll and other benefits are among the largest costs in any company other than the Cost of Goods Sold (COGS), rent and depreciation. If you are in a goods producing organization and this cost is part of your COGS or part of your operating costs it means the effect on you will be doubled. Having these costs processed and reported properly is key for analysis and decision making. This course starts with introductions to the departments of HR and 'accounting and finance' and then focuses on the payroll function. The course goes through the process of preparing and calculating payroll which includes the controls needed and the pre-checks necessary to make sure correct data is used.

The training course enforces the knowledge of controls and proper processes in the work flow to achieve better efficiency in the department. The course then discusses employee benefits and their effect on the corporation and explains how to conduct analysis on payroll and benefits using Excel. In addition, the course highlights the topics of accounting, internal and external audit relations with HR and payroll specifically, and what data could be required by them.

The course then stresses the need for confidentiality in the payroll department and the importance of sharing data with others on a need to know basis or as per corporate policies. The course ends with a how to prepare a budget for the department and a bigger budget for payroll and benefit costs in the corporation.

Course Objectives

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

  • Describe the needed documentation in completing a payroll cycle prepare and reconcile the monthly payroll
  • Calculate contributions based on different assumptions for employer and employee
  • Perform 'what if' analysis related to employee benefits
  • Develop monthly and annual payroll budgets
  • Design periodic payroll management reports and analysis
  • Assess the accounting department in controlling and auditing payroll payments

Target Competencies

  • Planning, budgeting and cost control
  • Payroll preparation and production
  • Payroll analysis and reporting
  • Payroll accounting and account reconciliation

Target Audience

Payroll staff, payroll accountants, account assistants, payroll supervisors and managers, HR professionals and team members who handle payroll and any employees interested in understanding and applying payroll best practices

NB: These Courses also runs 3days, 5days, and 10days

Abuja, Lagos, PH Mar 28 - 30 Mar, 2016
NGN 150,000.00
(Convert Currency)

08053338830

Related Courses
Certified Public Relations Professional Certified Public Relations Professional

3 days, 04 - 06 Sep, 2017 

2017-09-04 12:09:00
Abuja FCT, Nigeria

Reenel Associates

This course will take you step-by-step through proven best approaches to PR planning and management. By following these steps, PR professionals will achieve results that can be measured and reported ...

Product Launch and Management Product Launch and Management

3 days, 01 - 03 Nov, 2017 

2017-11-01 12:11:00
Abuja FCT, Nigeria

Reenel Associates

The product launch and management course provides all that is needed to develop an integrated product launch plan. It ensures that nothing goes haywire when the product goes live in the market. This ...

Fundamentals of Purchasing Fundamentals of Purchasing

3 days, 04 - 06 Sep, 2017 

2017-09-04 12:09:00
Abuja FCT, Nigeria

Reenel Associates

What makes a successful buyer in this age? In this course, we will discuss all the tools and techniques required to become a successful buyer. We will also cover the basic principles of the ...

Administration and Office Management: Best practices and Technology Administration and Office Management: Best practices and Technology

5 days, 01 - 05 Dec, 2017 

2017-12-01 12:12:00
Abuja FCT, Nigeria

Reenel Associates

Administrative assistants are invaluable members of the office team. They are charged with overseeing and coordinating the day to day operations of a business. Thanks to the advent of communication ...