Friday, June 22, 2012

Payroll Management Program Offers Know-How and Important Affiliations

Are you looking to attend a Payroll Management program with affiliations to the most respected organizations in this industry? If so, you may want to consider applying to attend Centennial Colleges’ one year Payroll Management offering, which allows graduates to be eligible to receive the Payroll Compliance Practitioner (PCP) from the Canadian Payroll Association (CPA) subject to their joining the CPA and complying with its professional requirements. Registration in this will incur costs in addition to tuition.

Centennial College’s Payroll Management program recognizes that payroll management is critical to businesses and other organizations because of the significant amounts of money involved in employee remuneration and the complexity of the legal requirements. As such, it focuses on providing students with an extensive knowledge base, the development and enhancement of crucial skills in a number of key areas and preparation to begin working as payroll generalists with a solid foundation for subsequent career advancement. To apply for this offering, students are required to have completed a college diploma or university degree in any discipline or have a partial post-secondary education and relevant work experience.  In addition, Payroll Management applicants may be asked to participate in an interview process, during which a transcript and resume review may be requested. English proficiency will also be considered.

Payroll Management students who wish to enroll in the Introduction to Payroll Management (formerly Payroll Management Processes) and Applied Payroll Management (formerly Payroll Management Practices) Canadian Payroll Association CPM level payroll courses “must meet a payroll experience prerequisite to register”. To satisfy this prerequisite, students must have “at least two years of experience being responsible for an organization’s payroll function, which includes being accountable to management for the accuracy of employees’ pay and all government statutory remittances, or equivalent experience, obtained in the past five years.”

Using case studies, simulations and project-based learning, with a focus on developing project management, teamwork, report writing and presentation skills, the Payroll Management offering teaches students everything they need to successfully enter the industry. Payroll Management is delivered in partnership with the Canadian Payroll Association (CPA), with the association supplying 50 per cent of the courses. This industry leading payroll curriculum is supplemented by graduate level instruction in managerial accounting, strategic compensation, pensions and benefits. An emphasis is also placed on emerging trends and issues in payroll management, such as the use of promising technologies and changing legislative requirements. As such, payroll system training is taught using an SAP application. Specific courses in Payroll Management include: Fundamentals of Financial Accounting, Business Presentations, Payroll Compliance, Strategic Compensation, Human Resources Management in Canada, Pensions and Benefits, Payroll Systems and more.

Once they graduate, Payroll Management students may obtain positions as: payroll clerks/ officers, payroll and benefits clerks/ administrators/ payroll accountants, human resource and payroll generalists, general accounting coordinator, and small business bookkeepers/accountants.

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