In the Payroll Fundamentals 1 course, students learn how to apply payroll legislation and calculate individual pay. This includes all components of individual pay from remuneration, through deductions, to net pay for both regular and non-regular situations. Students will have the content and skills to effectively communicate all aspects of the individual pay calculation process to external and internal stakeholders. This course is designed to provide the payroll student with the theory and knowledge required to:
- Calculate regular individual net pay
- Calculate non-regular individual pay
- Calculate termination payments
- Complete a Record of Employment
- Communicate all aspects of individual pay requirements to stakeholders.
In the Payroll Fundamentals 2 course, students learn how to calculate and report government and third-party remittances, year-end requirements and accounting for payroll at the compliance level for the organization. Students will be able to effectively communicate these organizational processes and requirements to internal and external stakeholders. This course is designed to provide the payroll student with the theory and knowledge required to:
- Calculate organizational remittances to federal, provincial and third-party stakeholders
- Prepare accounting documentation for payroll
- Complete year-end documentation
- Communicate all aspects of organizational remittances, accounting and year-end requirements to various stakeholders.
The course includes a pre-test to assess the student’s current knowledge in order to develop their study plan, application exercises to apply concepts to real-life situations, chapter quizzes to review the information learned from the printed material and a post-test to evaluate the student’s learning gain.
Payroll Compliance Legislation.
Course manual provided for on-going reference. There is a final exam upon completion of the course. This course applies towards the CPA’s Payroll Compliance Practitioner (PCP) certification. Successful completion of Payroll Fundamentals 1 is dependent on passing the CPA final exam (65%) for this course, and obtaining an overall course mark of 65%.
Lesson 1: New Employee Information
Lesson 2: Employment Income – Regular Earnings
Lesson 3: Employment Income – Allowances, Expenses and Benefits
Lesson 4: Non-Regular Payments
Lesson 5: Non-Statutory Deductions
Lesson 6: Termination of Employment
Lesson 7: Record of Employment
Lesson 8: Commission Payments
Lesson 1: Federal Remittances
Lesson 2: Provincial Remittances
Lesson 3: Non-Statutory Deduction Remittances
Lesson 4: Workers’ Compensation
Lesson 5: Payroll Accounting
Lesson 6: Year-End – Federal
Lesson 7: Year-End – Québec
Lesson 8: Year-End – Workers’ Compensation and Provincial Agencies