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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