Payroll, Pension, and Employee Benefit Accounting
£850.00
Training Overview
This 4-day programme focuses on payroll management, pension accounting, and statutory compliance. It provides participants with the technical, legal, and operational knowledge required to manage payroll systems efficiently while adhering to national employment laws and international accounting standards. The training covers payroll structure design, pension fund accounting, benefits administration, automation, and technology integration for modern businesses.
Note (General Daily Guide):
Each training day runs from 8:30 am to 3:46 pm, with four structured sessions — Morning, Midday, Afternoon, and Closing — covering foundational, intermediate, advanced, and practical learning.
Day 1: Fundamentals of Payroll Systems and Structures
Session 1: Introduction to Payroll Accounting
Understanding payroll components: gross, deductions, and net pay
Payroll systems overview — manual vs digital
Principles of double-entry accounting for payroll
Session 2: Setting Up Payroll Frameworks
Defining pay structures and categories
Integrating time tracking and attendance systems
Employee classifications and contract types
Session 3: Payroll Software and Digital Tools
Using OAE’s proprietary payroll technology
Integration with QuickBooks Payroll, Xero, and Sage
Cloud-based payroll and automation setup
Session 4: Case-Based Practical Session
Creating and processing sample payroll runs
Identifying and correcting payroll discrepancies
Reflection on best practices for outsourcing efficiency
Day 2: Pension and Statutory Compliance
Session 1: Pension Schemes and Legal Requirements
Overview of mandatory and voluntary pension schemes
Understanding employer and employee contributions
Record-keeping for pensions and benefits
Session 2: Regulatory Compliance and Reporting
Employment law and payroll compliance in different jurisdictions
Statutory deductions: PAYE, National Insurance, Social Security
Pension and benefits disclosure under IFRS and GAAP
Session 3: ESG and Ethical Payroll Practices
Promoting equitable pay structures
ESG reporting of payroll and workforce data
Gender pay gap and diversity-related disclosures
Session 4: Practical Application Workshop
Recording pension entries in accounting systems
Reconciling payroll liabilities and control accounts
Preparation of statutory returns and summaries
Day 3: Advanced Payroll Management and Risk Controls
Session 1: Payroll Risk and Internal Control Systems
Fraud detection and prevention within payroll systems
Authorisation and segregation of duties
Control reconciliations and internal audit procedures
Session 2: Payroll Analytics and Management Reporting
Using data analytics for payroll cost management
Creating payroll summaries for management and board reporting
Benchmarking payroll metrics for efficiency and compliance
Session 3: Technology, Automation, and AI in Payroll
Robotic process automation (RPA) in payroll processing
AI-based error detection and pattern recognition
Cybersecurity and GDPR implications for payroll data
Session 4: Applied Payroll Simulation
End-to-end payroll processing exercise
Troubleshooting errors and compliance gaps
Peer review and feedback session
Day 4: Pension Accounting and Future Trends
Session 1: Pension Accounting and Valuation
Actuarial assumptions and pension liability recognition
Defined benefit vs defined contribution accounting
IFRS (IAS 19) and local pension accounting standards
Session 2: Employee Benefits and Deferred Compensation
Accounting for annual leave, bonuses, and gratuities
Treatment of non-cash benefits
Recognition and disclosure in financial statements
Session 3: Future-Ready Payroll Systems
Blockchain in payroll and pension transparency
Integrating ESG metrics in workforce reporting
The future of global payroll outsourcing
Session 4: Certification and Implementation Workshop
Practical consolidation: Payroll to ledger posting
Review and Q&A session
Certificates awarded and implementation roadmap discussion