September03- September07\2023:Kuwait

October  01 – October 05 \ 2023     : Dubai

November 12– November16\ 2023 : Kuwait    

Introduction

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 about the departments of HR and 'accounting and finance' then focuses on the payroll function. The course goes through the process of preparing and calculating payroll and includes the controls needed and the pre-checks necessary to make sure correct data is used. The course enforces the knowledge of controls and proper processes in the work flow to achieve better efficiency in the department. Employee benefits and their effect on the corporation are discussed and we explain 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, and the data that 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 ways to prepare budgets for the department and payroll and benefit costs of the corporation.

Objectives 

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

Ü Explain how the HR and accounting and finance functions contribute to their success

Ü Prepare the monthly payroll and review it for accuracy

Ü Calculate employee benefits, loans vacations and End Of Service Benefits (EOSB)

Ü Reconcile payroll with accounting and audit the supporting documents for payments

Ü Develop monthly and annual payroll budgets

Ü Design periodic payroll management reports and analysis

Who Should Attend?

Ü Payroll administrators who wish to enhance their payroll knowledge and application

Ü Human Resource professionals who wish to gain a better understanding of the payroll system and how it is integrated into the corporate human resource environment

Ü Accountants who wish to diversify their skillset for career progression

Ü Any employees interested in understanding and applying payroll best practices.

Course Methodology

The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.  

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

• 30% Lectures, Concepts, Role Play
• 30% Workshops & Work Presentations, Techniques
• 20% Based on Case Studies & Practical Exercises
• 20% Videos, Software & General Discussions

Pre and Post Test

Outline 

DAY 1:

Payroll: the important link between human resources and accounting

Ü Introduction to the HR function

Ü Introduction to accounting function

Ü Introduction to finance function

Ü Payroll as a link between HR and accounting and finance

Ü Understanding the hiring process documentation

Ü Managing payroll process for:

Ü Contract professionals

Ü Full time employees

Ü Temporary help

Ü Outsourcing

Preparing and calculating payroll

Ü Looking for the right controls before starting

Ü Determining the right calculation basis for payroll

Ü Elements of risk leading to payroll mistakes

Ü Managing increments and deductions

Ü Payroll approvals

Ü Preparing payroll schedules

DAY 2

Employee loans and benefits

Ü Access to employee benefits

Ü Controlling access to loans

Ü Reporting on loans status

Ü Calculating end of service benefits for company and employees

Ü Reporting on benefit plans

DAY 3  :

Accounting and auditors roles in payroll process

Ü Recording payroll expense and liabilities

Ü Recording payroll and benefits costs to assets or inventory

Ü Recording payroll related contributions and liabilities

Ü Reconciling receivables from and payables to employees with payroll department

Ü Reconciling liabilities with social security and other governmental agencies

Ü Reconciling payments with bank accounts transactions

Ü Introduction to internal audit and external audit

Ü Auditing the payroll

Payroll budgeting

Ü Budgeting for payroll department expenses

Ü Preparing the yearly budget for payroll and contributions for the company

Ü Budgeting for employee loans and other benefits

DAY 4 :

Reporting payroll and contributions

Ü Determining contribution expense for individuals

Ü Determining corporate contributions

Ü Reporting results to the accounting department

Ü Coordinating with accounting department regarding payment process and control

Ü Reporting to ministry of labor

Ü Reporting to social security authorities

Ü Reporting to other regulatory agencies

DAY 5 :

Ü Workshops and examples of best practice in Accounts Payable Processes, Methods of Payment Processing, Accounting and auditors roles in payroll process and Reporting results to the accounting department.

Ü  Structure and Performance Evaluation workshops in which participants collaborate and create their own visualizations before presenting them back to the group

Fees:

The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:

 3.750 USD $

Schedule:

08:30 – 10:15 First Session

10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

October  15—October  19 /2023 : Kuwait

June 18—June 22\ 2023                     : Dubai

September 17-September 21/2022: Kuwait

October 08—October 12/2022        : Amman

October 22—October 26 /2022        : Dubai

November 12 - November 16 /2022 :Kuwait

مقدمة

تمثل الرواتب والاجور الجانب الاكبر من ميزانية وتكاليف كافة المؤسسات باختلاف انواعها والتى يكون لها اكبر الاثر فى قياس نتيجة نشاط تلك المؤسسات. وتكون بطبيعتها عرضة لارتكاب بعض صور الاخطاء والغش مما يتطلب توافر مهارات خاصة فى القائمين على حسابها والمحاسبة عنها، نظرا لارتباطها بالعديد من التشريعات والقوانين المتعلقة بها.

وحتى يمكن التاكد من سلامة اعدادها ومعالجتها محاسبيا يتطلب ذلك فحصها وتدقيقها باستخدام أحدث الممارسات فى مجال المراجعة والتدقيق وفق المعايير الدولي

اهداف البرنامج

تمكين المشاركين من:

Ü تقديم المعرفة الشاملة للعاملين بالإدارات المعنية بالنواحي المالية لشؤون الموظفين حول المشاكل المالية والمحاسبية والتكاليفية المرتبطة بعنصر العمل مع مقترحات بحلول علمية وعملية لتلك المشاكل

Ü التعرف على خصائص ومكونات النظام السليم للاجور والحوافز ومراحل تصميم تلك النظم

Ü اكساب المشاركين مهارة اعداد كشوف الاجور والحوافز وتحديد الاجر المستحق للموظف وتطبيقاتها باستخدام الحاسب الالى

Ü تزويد المشاركين بالمعالجة المحاسبية والتكاليفية للاجور والحوافز والدورة المستندية  لها.

Ü التعرف على المشاكل المالية والمحاسبية لنظم الاجور والحوافز ونماذج القياس المحاسبى لتلك المشاكل

Ü عرض الاساليب والنظريات الحديثة لتطوير نظم الاجور والحوافز فى المؤسسات المختلفة مما يؤدى الى تحسين مستوى الابداع الوظيفى للموظف

Ü اكساب المشاركين مهارات فحص وتدقيق الرواتب والاجور وفق المعايير الدولية واساليب اكتشاف الاخطاء والغش فى حساباتها.

Ü ورش عمل تطبيقية للمحاسبة عن الرواتب والاجور وتدقيقها باستخدام الحاسب الالى

الفئات المستهدفة

Ü رؤساء اقسام ادارة الموارد البشرية وشؤون الموظفين والعاملين في الرواتب والاجور

Ü روساء اقسام الادارة المالية والمحاسبون في الرواتب والعاملون بالإدارات المالية

Ü المهتمون بالأعمال المالية والمحاسبية المتعلقة بالرواتب والأجور والمميزات المقدمة للعاملين

منهجية التدريب

يعمل المشاركون على رفع الكفاءات من خلال مجموعة متنوعة من الطرق التعليمية التي تشمل محاضرة يلقيها ممارس واستشاري ذوا خبرة  وتمارين  إضافة إلى

Ü حلقات النقاش.

Ü العصف الذهني.

Ü مجموعات عمل.

Ü تبادل أدوار.

Ü حالات عملية وتطبيقية.

Ü العرض

المحاور العلمية

اليوم الاول

الاطار العام لنظم الأجور والحوافز

خصائص النظام السليم للاجور والحوافز

التقسيمات المختلفة للاجور والحوافز.

العوامل المؤثرة فى تحديد الاجور والحوافز بالمنظمات.

مراحل تصميم نظم الاحور والحوافز

أسس تحديد الدرجات الوظيفية

نظريات ونماذج قياس الأجور والحوافز

أسس تحديد صافى الأجر المستحق للعاملين

أسس قياس اجمالى الأجور المستحقة

مفهوم الأجر الشامل ومبادئ حسابه

أنواع الاستقطاعات واجبة الخصم

كيفية تحديد صافى الأجر المستحق للموظف

اعداد كشوف الرواتب باستخدام الحاسب الالى

انظمة سداد الاجور

اليوم الثاني

نظام المحاسبة عن الأجوروالحوافز

اعداد موازنة الاجور

الدورة المستندية والمحاسبية للاجور

المعالجة المحاسبية للرواتب وملحقاتها

التحليل الوظيفى للاجور وتحميلها على الانشظة والادارات والاقسام

تطبيقات وحالات عملية متنوعة

المعالجة التكاليفية للرواتب

الرقابة المحاسبية والتكاليفية على عنصر الاجور

اليوم الثالث

 المشاكل المحاسبية المتعلقة بالأجور والرواتب

تقييم السيولة

طرق إعداد ومكونات الموازنة النقدية

إدارة السيولة فى ضوء الموازنة النقدية وحالات العسر المالى الفنى والحقيقي .

تقارير تقييم المخاطر التشغيلية قصيرة الاجل باستخدام الموازنة النقدية

اليوم الرابع

مهارات تدقيق الرواتب والاجور

اجراءات تدقيق الرواتب

صور وأساليب الاخطاء والغش فى اعداد الرواتب وكيفية اكتشافها.

تقييم نظام الرقابة الداخلية للرواتب والاجور.

أجراءات المراجعة التحليلية للرواتب والاجور

أدلة الاثبات للتحقق من سلامة حسابات الرواتب والاجور,

أساليب المراجعة الداخلية المتقدمة للرواتب وفق المعايير الدولية

اليوم الخامس

ورشة عمل المحاسبة عن الرواتب والأجور  والمميزات وتدقيقها بإستخدام الحاسب

مهارات خاصة بإستخدام الحاسوب.

إعداد كشف الرواتب والأجور .

معدل الأجر الشامل : مبادىء حسابه وإستخداماته فى مجالات محاسبة التكاليف.

مراجعة حسابات الأجور والرواتب .

إجراءات التشغيل الألكترونى للأجور وإعداد كشوف الإستحقاقات

التكاليف المالية

التكاليف الخاصة بالدورة و تشمل : المحاضرات العملية ، الغداء ، استراحة شاي وقهوة ووجبة خفيفة :

3.750USD$

Schedule:

08:30 – 10:15 First Session

10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

Introduction

This IACT Professional Skills for Finance Accounting & Budgeting Control training course addresses key issues, such as cost analysis, continuous improvement of cost assignment, budgeting, management control, and performance evaluation. In so doing, training course pushes delegates to understand the cause-and-effect relationship among business strategy and vision, operational objectives, measures and targets, as well as advanced performance measurement and reporting.

Effective planning and control entails developing skills that go far beyond mastery of any one discipline.

This training course focuses on:

Þ Master the Finance and Accounting jargon to understand business processes

Þ Cost Analysis for Budgeting Purposes and Decision Making

Þ Financial and Operational Measures to support the budgeting process

Þ Best Practices to Manage Organizational Performance

Þ Link Strategy to Costing and Performance Evaluation

Objectives 

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

Þ Understand the Finance and Accounting jargon

Þ Learn Costing and Budgeting Terminologies used in business

Þ Determine full costs of outputs for the goods and services provided

Þ Master traditional techniques and recent best practices

Þ Link Finance and Operation for Budgeting Purposes and Strategy Execution

Þ Learn How to Build a Comprehensive Performance Measurement System

Who Should Attend?

Þ Financial Professionals, Finance Controllers Treasurers and Inventory

Professionals

Þ Senior Professionals with a direct responsibility for Financial Management and Control

Þ Accountants, Planners, & Cost Professionals

Þ Any professional who has responsibility for any portion of the planning process

Þ Any professional, at a medium and senior level, who is a part of the financial decision making team

Þ New interns and trainees with finance related responsibilities

Course Methodology

The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.  

Each module covers different aspects of using Game-Based Learning and Gamification in education. Coursework will incorporate

your existing knowledge and experience and provide helpful learning environment with a good mix of theoretical and practical knowledge. On all outlines will apply Skills for Game-Based Learning and Gamification and practiced in hands-on, collaborative way within an international group setting

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

• 30% Lectures, Concepts, Role Play
• 30% Workshops & Work Presentations, Techniques
• 20% Based on Case Studies & Practical Exercises
• 20% Videos, Software & General Discussions

Pre and Post Test

Outline 

DAY 1:

Management and Financial Accounting: Key Concepts and Terminologies

Þ Identify the Major Differences and Similarities between Financial and Managerial Accounting

Þ Understand the Role of Management Accountants in an Organization

Þ Linking Strategy to Planning and Costing

Þ The Key Role of Budgeting and Cost Control in Contemporary Organizations

Þ Towards a Cross-Functional Process-View of the Organization

Þ Understand Your Processes: Integrating Financial and Non-financial Aspects

Þ Understanding The Financial Statements

DAY 2: 

Cost Analysis

Þ What is Costing?

Þ Cost Concepts and Terminology

Þ Different Costs for Different Purposes

Þ Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model

Þ Contribution Margin Analysis

Þ Manufacturing vs. Non-manufacturing Costs

Þ Period vs. Product costs: Inventory Evaluation and Control

DAY 3

Traditional vs. Advanced Techniques in Cost-control

Þ Under-costing and Over-costing: The Consequences for Profitability

Þ How to refine a Costing System?

Þ Indirect vs. Direct Costs

Þ Traditional Cost Allocations Systems vs. Activity-Based Costing

Þ Cost Hierarchy & Cost Drivers

Þ Linking Resources, Activities and Management

Þ Introducing Activity-Based Budgeting and Management

Þ Video, Case Study and Examples

DAY 4 :

Budgeting: Flexible Budgets and Variance Analysis

Þ The Role of Budgeting

Þ Define the Master Budget and Explain Its Major Benefits to An Organization

Þ Describe the Difference between a Static Budget and a Flexible Budget

Þ Compute Flexible-budget Variances and Sales-volume Variances

Þ Discuss The Behavioral Implication of Budgeting

Þ The Budgeting Process in Your Organization: How to improve it?

Þ Which tools shall we use to complement Budgeting and Costing?

DAY 5 :

Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma

Þ Broadening Performance Measurement Systems

Þ The Key Role of Customer Satisfaction and Business Process Re-engineering

Þ Beyond Budgeting: Integrating Financial and Non-financial Issues

Þ Introducing The Balanced Scorecard

Þ The Key Perspectives

Þ Introducing The Strategy Maps

Þ Introducing Six-Sigma

Fees:

The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:

 3.750 USD $

Schedule:

08:30 – 10:15 First Session

10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

September 03 – September 07 \ 2023 :  Amman

October 08- October 12\ 2023                : Kuwait

November  05 - November09\2023      : Dubai

Introduction

This IACT Accounting payable Tracking & Budget control Best Practices training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state-of-the-art levels.

The organisation of the accounts payable & Budget control function and the management of the accounts payable role are of vital importance to the effective control of working capital and therefore cash flow. Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real-world functionality of each process and approach.

By attending this training course, delegates will understand:

Þ The importance of the accounts payable function and the need for

effective and efficient controls

Þ The role of Accounts Payable Management in the control of the Working Capital of an organization

Þ How to create effective Accounts Payable Dashboards to track and present department KPI’s

Þ How to motivate and engage Accounts Payable Staff

Þ The importance of reviewing international “best practices” to continual improve Accounts Payable operating performance

Þ Identify the principal factors required to produce a successful business case

Þ Develop budgeting and financial skills required for better decision-making

Þ Identify sources of financial and business data to support the budgeting process

Objectives 

At this program's conclusion, participants should be able to:

Þ Identify the function of accounts payable and its role in organizations

Þ Use accounting principles related to accounts payable

Þ Describe how to take a successful lead in the management of accounts payable

Þ Assess AP operations and processes and recommend improvements using the latest best practices

Þ Apply tools and techniques in Microsoft Excel to effectively manage and monitor accounts payable performance

Þ Understand the importance of a well-defined budget process

Þ Learn costing and budgeting terminology used in business

Þ Master techniques for cost-benefit analysis

Þ Learn how to construct profit, cash and balance sheet plans and budgets

Þ Learn how to evaluate variances from plan and identify corrective actions

WHO SHOULD ATTEND?

This IACT training programme is suitable to a wide range of professionals but will greatly benefit:

Þ Finance Executives

Þ Accounts Payable Managers and Supervisors

Þ Accounts Payable Staff

Þ Others who are working within accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

Course Methodology

The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.  

Each module covers different aspects of using Game-Based Learning and Gamification in education. Coursework will incorporate your existing knowledge and experience and provide helpful learning environment with a good mix of theoretical and practical knowledge. On all outlines will apply Skills for Game-Based Learning and Gamification and practiced in hands-on, collaborative way within an international group setting.

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

• 30% Lectures, Concepts, Role Play
• 30% Workshops & Work Presentations, Techniques
• 20% Based on Case Studies & Practical Exercises
• 20% Videos, Software & General Discussions

Pre and Post Test

Outline 

DAY 1:

The Big Picture: Accounts Payable and the Financial Health of Organizations

Þ The Important Role of Accounts Payable (AP)

Þ The Meaning of Managing Accounts Payable

Þ The Functions of Management

Þ The Functions of Accounts Payable Department and Role of AP Staff

Þ Accounts Payable Impact on Working Capital and Cash Management

DAY 2: 

Accounting for Accounts Payable

Þ Accounting Essentials for Accounts Payable

Þ Accounts Payable Terminology

Þ General Ledger and Sub-Ledger

Þ Month End Accounting Entries and Accruals

Þ Control Account Reconciliations

Þ Developing a Reconciliation Plan for the

Sub-Ledger

DAY 3: 

Key Topics in Accounts Payable Management

Þ Applying Best Practices in your Organization

Þ Identifying Proper Internal Controls

Þ The Annual Audit as an Added Value

Þ Impact of AP Outsourcing

Þ Detecting Fraud in Accounts Payable

Þ The Behavioural Side of Managing Accounts Payable Department

Þ Using Excel in Managing Accounts Payable

Þ Interface between Accounts Payable System and Excel

DAY 4 :

Capital Budgeting and Investment Appraisal

Þ The time value of money

Þ Understanding Appraisal Techniques – Net Present Value (NPV), Internal Rate of Return (IRR) and Payback period

Þ Selecting an appraisal technique

Þ The use of Sensitivity analysis in evaluating projects

Þ Strategic  considerations in assessing capital projects

Þ Creating an effective Capital Budgeting framework

Þ Cost Analysis and Management

Þ Costs as a relationship to outputs – cost/volume/price relationship

Þ Benefit-cost analysis

DAY 5 

Budget Construction and Control

Þ Nature and purpose of budgets for planning and control

Þ Types of budgets and budgeting

Þ Creating Key Performance Indicators for financial and non financial performance

Þ Building a budget

Þ Budgetary control and variance analysis

Þ Budgeting for non-financial measures -introducing the Balanced Scorecard

Þ Full Costing, Marginal Costing and Activity Based Costing

Þ Comparing full and marginal costing

Fees:

The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:

 3,750 USD$

Schedule:

08:30 – 10:15 First Session

10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session