Page 103 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five
P. 103
2. Payroll management
Employee records Maintain up-to-date HR manager Ongoing Payroll sheets
records of all employees
(salary, allowances, Payroll software,
deductions).
Payroll officer Monthly
Tax tables
FOR ONLINE READING ONLY
Tax software
Regulatory
guidelines
3. Financial reporting
Financial Monthly Financial Accountant Monthly Accounting
statements Reports - Prepare finance man- (5th) software,
and review monthly ager
financial statements Financial
(income statement, records
statement of financial
position), cash flow).
Prepare and present Finance Quarterly Accounting
quarterly financial manager Reports software
performance reports
to management. Financial
records
Annual
Financial
Statements
Prepare and audit Accountant Annually Financial
annual financial External (Dec. 31 ) statements
st
statements for stat- Auditor
utory reporting and Accounting
compliance software
Audit
guidelines
3 Performance indicators
• Timely submission of all tax returns and statutory filings.
• Accuracy and completeness of financial records.
• Compliance with internal controls and audit recommendations.
Teacher’s Guide Form Five
89
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