IAB
Level 1
QN: 603/3022/3
Curriculum Active
IAB Level 1 Award in Payroll for Business
Official qualification regulated by Ofqual, awarded by IAB. Classified as a Vocationally-Related Qualification. Total guided learning hours: 50 hours.
Qualification Level
Level 1
Awarding Body
IAB
Syllabus Units
3 Units
Guided Hours
50 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Computerised Payroll Processing
Verified
Key Learning Objectives:
- Be able to set up a computerised payroll system using commercially available payroll software
- Be able to set up employee records and payroll data on a computerised payroll system
- Be able to prepare and enter details of gross pay into the computerised payroll system
- Be able to process the payroll
- Be able to back up and/or restore payroll data
2
Fundamentals of Payroll Processing
Verified
Key Learning Objectives:
- Be able to calculate gross pay for different payroll periods and situations
- Be able to determine the amount of income tax to be deducted from Gross Pay
- Be able to determine the amount of National Insurance Contributions tobe deducted from Gross Pay
- Be able to apply voluntary deductions
- Be able to complete internal and statutory procedures for a leaver
- Be able to produce the necessary payroll forms and summaries
3
Principles of Payroll Preparation
Verified
Key Learning Objectives:
- Understand fundamental employment and data protection legislation relevant to payroll
- Understand what constitutesgross pay for different payroll periods including leavers
- Understand the difference between statutory and voluntary deductions
- Understand the principles of the PAYE & NIC systems in the UK
- Understand the information required to prepare and submit an employee payroll record under HMRC Real Time Information regulations
- Understand the internal and external procedures required for finalising the payroll
- Understand HMRC reporting requirements
Regulatory & Verification Details
- Qualification Number (QN)
- 603/3022/3
- Regulated Status
- Available to learners
- Awarding Body
- IAB
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Mar 2018