- 15 Aug 2021 Online
Payroll costs are a major expense in all organisations and are often the highest expense in service businesses. The cost of employing people is more than just their salary; it includes employment costs, government costs, and benefits for employees. That being said, payroll management is a key strategic skill and extremely valuable to an organisation.
The objective of this course is to address the efficient management of payroll costs by ensuring that you define and implement sufficient processes and controls. The course will also cover: the interface with all parts of an organisation, including operational, HR and finance departments, the preparation of payrolls, and the reporting of payroll costs to the relevant managers. You will explore the requisites of managing the payroll department, and the accounting and audit requirements. The course will help you understand the gamut of skills required for successful management of a payroll department, including important confidentiality of information and relevant reporting, in addition to budgeting and planning for future payroll costs.
Who Should Attend
The course is designed for those directors and managers whose financial and management responsibilities encompass the efficient management of payroll, and the substantial costs of employing people.
It will also benefit those who receive management reports on payroll costs and those senior managers who have payroll managers reporting to them.
The course is also useful for human resource managers and will help them understand the importance of payroll and its complementary functions with their department.
This course will be particularly helpful for:
- Payroll Managers
- Accountants/Chief Accountants/Management Accountants
- Finance Directors/Heads of Finance
- Finance Managers
- Financial Controllers
- Accounting and Administration Managers
- HR Directors and Managers
- HR professionals
Benefits of Attending
- Understand the interface between payroll and other departments
- Prepare a payroll on a regular timescale and implement important controls to ensure accuracy
- Calculate the effects of benefits in kind
- Deal with reporting of other payroll costs such as holidays, sick pay, government on-costs, etc.
- Develop periodic management reports for payroll
- Determine how to deal with employees who leave your organisation
- Reconcile payroll costs with your company’s financial reporting
- Evaluate and mitigate the risks facing the payroll department
- Produce future budgets and forecasts for payroll costs
- Make an immediate impact on the performance of your organisation to manage payroll costs more successfully
David is a Chartered Accountant with a varied career path covering financial management positions. David gained an honours degree in economics and accounting at Leeds University, and then qualified with Deloitte & Co in the city of London. He then worked for a public shipping and logistics company for 19 years progressing through various financial roles in the UK, Australia, USA, Holland, France, Belgium, Germany, Italy and Spain. The operations covered not just logistics, but also energy, distribution of oil and gas, freight forwarding, agencies and warehousing. His roles spanned all areas of financial responsibility and customer negotiations, culminating as Divisional Finance Director.
David then moved to the food sector where he held senior positions and participated in two management buyouts. He has also performed many financial interim roles in different organisations.
David is the Chairman of two audit committees, Director of an institute, and Chairman of a tax group. He is also a Director of private companies and has his own accountancy practice providing accountancy and tax services to a range of clients.
As well as lecturing on financial training in the UK, Europe, Middle East and Far East, his other lecturing experience has been to technical tax groups and start-up organisations. His presentation experience has been enhanced by making internal and external presentations during his career.
David’s style of presentation is to demystify the areas of finance and to explain the concepts in a stimulating and interesting way. He encourages participation and discussion and has the advantage of having been there and done it, and so can approach issues from a practical viewpoint drawing on his experience.
He delivers a wide range of subjects such as: Finance for Non-Financial Managers; Financial Analysis and Evaluation; Strategic Financial and Management Accounting; Budgeting, Forecasting and Cost Control; Modern Accounting; Internal Auditing; Financial and Strategic Decision Making; Risk Management; Capital Structure; Cost of Capital; Capital Management; Management of Debtors/Creditors/Stock; Capital Budgeting/ Rationing; Internal Audit Planning, Preparation, Reporting and Communication; Evaluating Risk; Costing Techniques; and Sustaining Competitive Advantage.David’s clients include:
Advanced Electronics Company Ltd (KSA), Burberry plc, Central Bank of Nigeria, Egyptian General Petroleum Corporation, Kuwait Investment Authority, Kuwait Ministry of Finance, Kuwait Oil Company, Kuwait Oil Tanker Company, Kuwait Petroleum Company, National Oil Corporation (Libya), Qatar Foundation, Saudi Industrial Development Fund, CCCC International Hong Kong.
Pricing excludes 5% VAT, which will be charged where applicable