COURSES IN PAYROLL MANAGEMENT

In an era of specializations, Money Academy invites graduates, HR graduates and working professionals alike to master Payroll Processing, which, as a crucial part of the HR divisions, offers challenging and highly rewarding career opportunities to all. In the competitive corporate environment, the companies need knowledgeable and specialized payroll professionals who can process the salaries and payments to the employees as scheduled. The Corporate, MNCs, KPOs are hiring in thousands to meet the high demand created not only for Indian payroll but also because of an increasing surge in the outsourcing of payrolls to India from US, UK, Australia, etc. Money Academy has designed the HR Programs in Payroll Processing to train candidates who would be competent for: Monthly Salary Processing Ensuring timely resolution of employee's queries related with salary. Ensure timely and accurate disbursement of employee payrolls, reimbursements, taxes, PF, Full and Final settlements etc. on a monthly basis. Salary data updation in various formats for cross checking purpose Timely deposit of all the Statutory Payments & Filing Returns. Looking after all statutory compliance and practices like PF, ESIC, TDS, Service Tax, etc Prepare payroll deductions, compute payroll adjustments and reconcile salary accounts. Handling Employee Loans, Calculating Bonus, Leave Encashment, and Full & Final Settlement.

INTRODUCTION
Money Academy not only offers you the Indian Payroll Training but also gives you an opportunity to study globally recognized US/UK payroll qualifications. These qualifications will help you rise to the senior & supervisory roles with even higher pay scales. With the ongoing emergence of KPOs, almost every major & large company is outsourcing its payroll to India based MNCs who pay very handsome salaries and offer a lot of growth within the field. We offer four levels of courses in Payroll processing to meet the different requirements of people at different stages of their career. We offer Weekday classes for four days in a week from Mondays to Thursdays for students and Weekend classes on Saturdays & Sundays for the benefit of the working people. The four different levels are progressive in nature such that if a candidate decides to join Level 3, s/he will study for all the levels from Level 1 to Level 3 and likewise if anyone decides to study Level 2 will automatically study level 1 also. Level - 1

HR CERTIFICATE IN PAYROLL PROCESSING

(100% Job Assistance Course) Duration : 3 Months (50 Hours) OR 1 Month Fast Track Eligibility : 10+2, Diploma/Graduate in any Stream Who should do this Course This course is appropriate for Graduates with good communication skills who wish to enter the HR Payroll profession. MBA (HR) students who want to start their career with MNCs with attractive salaries. Call Center employees who desire to change to a more specialized field. Business owners who want to understand the basics of payroll to comply with the payroll regulations and manage their own enterprise's compensation structure. Working HR Executives who want to improve their understanding of payroll for better career prospects. 10+2 pass students who desire to further study for a career in Human Resource Management.

Course Content
Introduction to Payroll Concepts Payroll Taxation & Regulatory Compliance

Introduction to Payroll Documents Employers Request Employee Classification Employment Forms & Employee Information Time/Attendance Sheets Key Principles of Payments & Deductions Payroll Calculations Withholding Taxes Methods of Paying Employees Payroll Reporting Employee Forms Professional Tax Labour Welfare Fund Nominations Minimum Net Pay Loans Enhancement Superannuation Form 24 Form 16 Form 217(A)

The Provident Fund Act 1952 The Employee State Insurance Act (ESIC) Bonus Act:- ( Forms, Documentation) Payment of Gratuity Act Professional Tax Dearness Allowance Housing (HRA/CLA/COA) Car and Conveyance Long Term Reimbursements & Claims Income Tax Section 80, Section 89(1) Third Party Deductions Income from Other Sources, Tax on Arrears Exemptions Exemption on Leave Travel Allowance Exemption on Medical Reimbursements Exemption on Medical Insurance Exemption on Child Education Allowance Exemption on Other Allowances Exemption on Leave Encashment Exemption on VRS Previous Employment Tax Details

Payroll Calculations & Processing

Payroll Management

Receipt of Inputs Validation of Inputs Running the Process Generating the output Pay slip

Payroll Accounting Accounting Principles General Ledger Account Classification Payroll Journal Entry Account Reconciliation Salary Break up Cost to company

MIS Reports Handling queries of employees

Lab Session

PF in Excel sheet ESI in Excel sheet Payroll software (Payroll processing supported by exposure to the Pay roll software)

Level - 2

HR DIPLOMA IN PAYROLL MANAGEMENT

(Includes level 1) (100% Job Guarantee Course) Duration : 6 Months (100 Hours) Eligibility : Diploma/Graduate in any Stream HR Diploma in Payroll Management builds on learning acquired in while studying for the HR Certificate in Payroll Management Level 1 and it will also complement the experience and competence previously acquired through practice, or through other qualifications. Who should do this Course This course is appropriate for: Graduates who desire to enter the HR profession in payroll in MNCs. MBA (HR) students who want to start their career with MNCs with attractive salaries. Call Center employees who desire to change to a more specialized field. Business owners who want to guide and lead their payroll executives to comply with the payroll regulations and better manage their own enterprise's compensation structure.

Course Content
All the topics in Level 1 plus
Advanced Payroll Management Advanced Lab Session

Report Writing Share Options, Salary Sacrifice, Flexible Benefits Managing Advanced Tax and Social Security Issues Generate ad-doc reports to analyze payroll data Record Retention Penalties Company Policies & Procedures Auditing Electronic communication

MIS Reports in Excel sheet Advanced Excel reports with shortcut keys and formulas, i.e., -- Pivot Table, Goal Seek, Auto & Advanced filters, Vlookup, Hlookup, Splits and Freeze panes which is used to prepare MIS Reports.

Personality Development & Interview Skills

Personality Development Spoken English Communication Skills Telephone Techniques Business Writing Skills Interpersonal Skills Resume Writing Interview Skills

Level 3

HR DIPLOMA IN INTERNATIONAL PAYROLL MANAGEMENT (US/UK)

(Includes level 1 & 2) (100% Job Guarantee Course) Duration: 9 Months (150 Hours) Eligibility: Diploma/Graduate in any Stream

Who should do this Course

This course is appropriate for Working Indian Payroll professionals who desire to shift to the more lucrative international (US/UK/Australian) payroll process. Graduates who desire to enter the HR profession in payroll in MNCs. MBA (HR) students who want to start their career with MNCs with attractive salaries. Call Center employees who desire to change to a more specialized field.

Course Content
Level 1 + Level 2 plus US (United States) Payroll

Core Payroll Concepts

Payroll Process and Systems

Worker Status Fair Labor Standards Act Employment Taxes Employee Benefits Employee/Employer Forms Professional Responsibility Methods and Timing of Pay Customer Service

Maintain master file components Concepts and Functionalities Selection Implementation Maintenance

Compliance

Management and Administration

Escheatment Regulatory Reporting Record Retention Penalties

Policies & Procedures Auditing Staffing, Employee Development & Core Competencies Management Skills & Practices

Principles of Paycheck Calculations

UK Payroll

Compensation/Benefits Involuntary Deductions Voluntary Deductions Employer Taxes and Contributions

Calculating Gross Pay Apportionment of Gross Pay Voluntary Deductions Statutory Deductions The Pay Statement Tax Codes and Tax Free Pay Tax Percentages and Rates P45 and P46 Procedure Use of Tax / NIC Tables NI Percentages and Rates NI Rebates Starters and Leavers

Level 4

INTERNATIONAL PAYROLL CERTIFICATIONS (US/UK)

(100% Job Guarantee Course) Duration : 12 Months (200 Hours) Eligibility : Diploma/Graduate with Minimum 1 years of Payroll working experience

Who should do this Course This course is appropriate forWorking Payroll professionals who desire to shift to the managerial/supervisory positions for highly paid international (US/UK/Australian) payroll process. MBA (HR) students who want to work at higher positions in HR divisions for payroll processing in MNCs at attractive salaries.

Course Content
US Payroll UK Payroll

The American Payroll Association (APA) is the authority in Payroll in USA. It offers certifications and memberships to the candidates who pass their exams like FPC

The Chartered Institute of Payroll Professionals (CIPP), UK is the only membership body for payroll professionals and is the leading

(Fundamental Payroll Certification) and CPP (Certified Payroll Professional). The APA administers the FPC and CPP exams at over 180 locations internationally.

provider of qualifications, training and consultancy for payroll professionals in the UK. Being CIPP qualified ensures that

For course content & detailed information for the same you can visit their official website at: http://www.americanpayroll.org/certification /certification-cppinfo/outline-cpp/ Money Academy shall prepare you for the same and you can expect lucrative career in Payroll.

you have the knowledge and skill set to run an efficient and compliant payroll service - as well as showing employers that you are dedicated to the profession and are providing them with an effective payroll function. For course content & detailed information for he same you can visit their official website at: Http://www.cipp.org.uk/en/learningand- development/Payrollqualifications/index.cfm

1. ACCOUNTS with TALLY (Version 9) Overall accounting entries upto finalization & balance sheet level. Overall roles & responsibilities of the Accounts Executive including general. HR & Admin related aspects. 2. MIS REPORTS Advanced Excel Reports with short cut keys and formulas., ie., Pivot Table, Goal Seek, Auto and Advanced Filters, Vlookup, Splits and Freeze Panes which is used to prepare MIS Reports. 3. PF, ESI & PT Statutory Acts, Rules, Procedures, Forms, Formats, Filings, Assessment Procedures, Calculations & Employee Benefits. Payment Challans, Monthly returns, Half yearly returns, Annual returns, Settlement Forms, Transfer forms etc. Due dates & filing all the forms linking to the payroll summary. 4. PAYROLL Payroll processing supported by real time exposure to the payroll software. Designing CTC breakup as per the offer lette Designing break up for gross salary in view of tax exemptions & other related acts.

 Designing the pay slip with all statutory & other deductions. Preparing payroll summary. Updating employees database for new joinees & discussion on settlement process/ F & F. Discussion on some formats like offer letter, Appointment letter, Relieving letter, Experience letter & confirmation letter. Discussion on formats used during employee joining & exit Process. 5. LEAVE CALCULATIONS Eligibility Criteria for EL, CL & SL, Leave policy, Calculations, deductions & reimbursement. 6. LABOUR LAWS Bonus act, Gratuity act, Shops & establishment act, Contract Labour act & Payment of minimum wages act. 7. INCOME TAX Tax planning for employees. Tax slab rates. Exemptions and allowances. Deduction on savings & Investments. TDS Deductions, Format & Procedure for TDS Calculations. Form 16 & ITR. TDS on Professional consultancy services, Rent payments, Contract Payment, formats & payment challans. Advance Tax requirements, Calculations. SIT & Tax Calculations. Youll have in-depth knowledge on all the areas of PF, ESI, PT, Payroll structure, Calculations Forms, Formats & Due dates,etc., including Income Tax, TDS & Tax Planning for employees up to Form 16 & Form 16A. 8. FAQ Frequently asked questions in all statutory, IT, Payroll & Labour Laws. Assignments and projects. 9. VAT, CST & E1 Sales Complete rules, procedures, Input VAT Entries, fillings forms & formats.

10. SERVICE TAX Acts, Rules & Responsibilities & Forms. 11. BANKING Covering all responsibilities of the accounts person with relation to bank transactions, B.R.S., Finance related matters, Bank Guarantees, L/Cs etc. 12. CENTRAL EXCISE Covering all rules, procedures, terms CENVAT entries, due dates etc. 13. HR AREAS Admin Responsibilities, Employee Joining Formalities, Relieving Settlement Processes Complete steps and Responsibilities & Formats of offer Letter/Appointment Letter/relieving Letter & Experience Certificate / Confirmation Letter etc 14. ADD ON BENEFITS Discussion on Interview Skills. CV Revision in a professional approach. Placement Support Assured. Excellent Practical oriented course material will be provided for all the topics. Youll have in-depth knowledge on all the areas of PF, ESI, PT, Payroll structure, Calculations Forms, Formats & Due dates,etc., including Income Tax, TDS & Tax Planning for employees up to Form 16 & Form 16A
CAP- CERTIFIED ACCOUNTS PROFESSONAL
Large or Small, every business or industry need an accountant. Whether it is a manufacturing or a service company, a KPO or an IT company, nobody can function without you if you are an accountant. CAP is a course aimed at smart freshers who want to develop a long term career in accounts with a company of repute. The CAP certificate offered by Money Academy is virtually a certificate by the industry itself. The course is regularly updated as per the changing requirements in consultation with the industry. What is more, every Money Academy exam paper is prepared in discussion with industry. The exam papers are finalized and approved by the accounts sections within the companies. This gives our certification an implicit endorsement of the industry where you would be working after earning the CAP certificate. You will be trained to be productive from the first day first hour at work. Our exposure to the worlds best practices and the expert faculties in finance and accounts will help you be your best. You will also become aware of the vast opportunities available to you grow in this field.

After you successfully complete this course, we will ensure with a guarantee that you are placed with one of the leading companies. Here you can confidently embark on a long and successful career on a firm footing.

Duration:
The Course duration of CAP is 1 year. The examinations are held every quarter in the months of July, October, January and April. You can sit in maximum 4 papers in one session at a time. The students are required to pass the required papers in 2 years from the date you started your course with Money Academy. FOUNDATION ACCOUNTING 1. CompuMode MS office (Word, Excel, Powerpoint, Internet, E-mail, Outlook Basic Hardware, Trouble-shooting, Data handling 2. Primary Accounting (Learners will be able to understand, create and analyze basic financial statements) Recording transactions & Events Bills, Vouchers, Journal, Ledger, Trial Balance, Final Accounts, Bank Reconciliation, Errors Rectification, Provisions & Reserves Capital & Revenue, Depreciation, Ratios MIS Reports Profit & Loss Analysis 3. Computer Accounting Overview of Accounting Softwares Tally ADVANCED ACCOUNTS FOR PLACEMENTS 4. Taxation & Duties Income Tax, E-Tax VAT, CST, Service Tax TDS/TCS, FBT, BCTT, Advance Tax Proposed GST Applicability, Registrations, Returns, Challan Customs Excise Tax Department Visits, their roles, Tax Department Hierarchy and Powers 5. Banking & Finance Banking Fundamentals of Banking Banking Procedures Banking Instruments

E-Banking, Plastic Money, Mobile Banking Working Capital Financing Bank Loan Projects Cash Flow Statements

Finance Principles of Financing Introduction to Investment Banking Budgeting & Valuation 6. Company Law/Labour Law/ ROC Company Law (ROC) Company Formation Share Capital/AGM/ Board of Directions, Resolutions, Articles & Memorandum of Association MCA-21, Documentation Salary Components from NR Perspective Payroll/ PF/ ESI/ Gratuity/ Bonus/ Labour laws Cost Management, Costing tools Material, Labour, Standard, Marginal, Budgeting, Auditing Procedures & Techniques Deeds/ Agreements/ Registrations Challans/ Debit Credit Notes/ Confirmation of Accounts Rules for LTD./ PVT.LTD./ Trust/ HUF/ NGO 7. ERP (Tally.ERP9) Concept of ERP Understanding of Concepts Database Tally.ERP9 8. IFRS, Indian GAAP Introduction to Accounting Standards International Differences in Accounting Comparative Difference in Indian GAAP & IFRS INDUSTRY SPECIALIZATION (CHOOSE ANY TWO)

9. Import & Export Fundamentals of Import & Export Import & Export Documentation Duties & Levies Import & Export Licences 10. Insurance & Share Market Insurance Fundamentals of Insurance Life Insurance General Insurance Insurance Brokers Insurance Agents Re-insurance

Share Market Share Market Fundamentals Financial Models Securities, Derivatives and Equity Demat Accounts Share Brokers BSE/ NSE 11. Industry Accounting Synopsis Trading Companies Accounting Manufacturing Companies Accounting Service Provider Companies Accounting Infrastructure Companies Accounting NGOs Accounting 12. Compulsory Modules PD

Personality Development Customer Care Time Management Englab- Spoken English

Job Hunt Resume Writing Cover Letter Interview Techniques Guaranteed Job

Work Experience Prerequisite

As a part of your Certification, you will be required to complete 6 months Internship or Practical experience. You can do this before, simultaneously or after the exams conducted by Money Academy. If you decide to do this after the exam then till then you will be issued a provisional certificate. (Money Academy will assist you in finding internship)* *Conditional Internships for the students scoring 70% marks on the Internship Recommendation Tests (held with the quarterly exam sessions) would be arranged by Money Academy. Others would arrange for their internship themselves.