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 Outline

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