Admission + Master’s Degree in Management, Finance, and Business Law with PKF Attest

Module 1. EXPERT COURSE IN CORPORATE ORGANIZATION AND OPERATIONS
Section 1: Valuations

TOPIC 1. Valuation Methods.

• Objectives: To provide a solid foundation covering the most important aspects of business valuations.
• Syllabus:
  Introduction to business valuations: Basic concepts and the importance of valuations in the business context.
  Valuation methods: Different approaches and techniques, such as the discounted cash flow method, the multiples valuation method, and the asset-based valuation method.
  Financial analysis: Evaluation of financial statements, financial ratios, and their application in business valuation.
  Valuation of Intangible Assets: How to value assets such as intellectual property, trademarks, and patents.
  Valuation in Mergers and Acquisitions (M&A): Procedures and specific considerations in business valuation during M&A processes.
  Case Studies: Practical examples of business valuations, analysis of real-world cases, and discussion of results.

Section 2: Transactions

TOPIC 1. M&A.

• Objectives: The objective of the M&A program is to provide the basic knowledge needed to carry out a merger or acquisition process.
• Syllabus:
• Introduction:
  The M&A market: recent data.
  What types of corporate transactions are possible?
  Brief description of the different types of corporate transactions: acquisition, sale, joint venture, merger. Advantages, disadvantages, and alternatives.
• Key considerations:
  Why consider a corporate transaction and when should it be carried out? Value creation and synergies. Advantages and disadvantages of acting too soon or too late.
  The phases of a process: internal/external analysis, preparation of strategy and transaction structure, market launch and NBO negotiation, due diligence and post-due diligence negotiation, SPA, and closing.
  Required documentation:
  Blind profile (Teaser).
  Sales prospectus (Information Memorandum).
  Process Letter.
  Key issues to negotiate:
  Recurring EBITDA.
  Benchmark multiples.
  Working capital and minimum operating cash.
  Net financial position.
  Deferred payment or earn-out.
  Representations and warranties.
  Bridge EV to Equity:
  Advisors: who is involved, associated costs, and compensation structures.

TOPIC 2. Due Diligence.

• Objectives: To provide a solid foundation covering the most important aspects of financial, tax, legal, and labor due diligence.
• Syllabus:
  Introduction to due diligence: Basic concepts and the importance of due diligence in a business context.
  Financial due diligence: Evaluation of financial statements, cash flow analysis, financial ratios, and their application in business valuation.
  Tax due diligence: Analysis of the company’s tax situation, identification of tax risks, and tax planning.
  Legal due diligence: Evaluation of contracts, regulatory compliance, analysis of legal risks, and legal procedures.
  Labor due diligence: Evaluation of the company’s labor situation, compliance with labor regulations, analysis of labor risks, and human resources management.
  Case studies: Practical examples of due diligence in companies, analysis of real-world cases, and discussion of results.

TOPIC 3. Legal and Commercial Aspects.

• Objectives: To gain a detailed understanding of all the legal and commercial aspects that must be taken into account in transaction processes.
• Syllabus:
  Introduction to legal and commercial elements in corporate transactions.
  Non-Disclosure Agreements (NDAs): Purpose, structure, and legal considerations.
  Share Purchase Agreements (SPAs): Key elements, negotiation, and execution.
  Shareholder Agreements: Types of agreements, common clauses, and their importance in managing relationships among shareholders.
  Legal and commercial aspects: Contract review, regulatory compliance, and legal risk analysis.
  Case studies: Practical examples of NDAs, SPAs, and partnership agreements, analysis of real-world cases, and discussion of results.

Section 3: Organization

TOPIC 1. Corporate Compliance.

• Objectives: To provide a solid foundation covering the most important aspects of corporate compliance.
• Syllabus:
  Introduction to Corporate Compliance: Basic concepts and the importance of regulatory compliance in a business context.
  Criminal Compliance: Criminal risk assessment and procedures for crime prevention.
  Regulatory Compliance: Strategies and tools to ensure compliance with internal and external regulations.
  Anti-Money Laundering: Risk self-assessment procedures and controls at the corporate level.
  Corporate Compliance Policy: Anti-fraud, anti-corruption, and conflict of interest.
  Case Studies: Practical examples of implementing compliance policies in companies, analysis of real-world cases, and discussion of results.

TOPIC 2. Privacy and Personal Data Protection.

• Objectives: To provide a solid foundation covering the most important aspects of privacy and data protection.
• Syllabus:
  Introduction to privacy and data protection: Basic concepts and the importance of data protection in a business context.
  General Data Protection Regulation (GDPR): Principles, rights, and obligations under the GDPR.
  Data Protection Impact Assessment: Procedures and tools for conducting impact assessments.
  Security measures: Strategies to ensure data protection, including encryption and access control.
  Privacy and cookie policies: Review and update of privacy and cookie policies.
  Case studies: Practical examples of implementing data protection policies in companies, analysis of real-world cases, and discussion of results.

TOPIC 3. Sustainability – ESG.

• Objectives: To learn about and understand the impact of sustainability in today’s business environment, including the risks, opportunities, and obligations that companies must address.
• Syllabus:
  Introduction – Context of Sustainability: What is sustainability, background, ESG factors.
  Areas of Sustainability / ESG: Breaking down the different components of sustainability and, in particular, the areas addressed within each category (Corporate Governance; Environment; Social).
  Sustainable finance: Sustainable investment or financing products. Regulation on sustainability disclosure in the financial sector (SFDR) and the European Taxonomy.
  Sustainability reporting: Impact of the new regulation on sustainability reporting (CSRD) and practices for managing sustainability impacts, risks, and opportunities.

TOPIC 4. BUSINESS INFORMATION SYSTEMS (ERP, CRM, BI, etc.).

• Objectives: To provide an overview of the various information systems necessary for the effective and efficient management of an organization’s core business processes.
• Syllabus:
  Management Information Systems: Types of information systems, system mapping and classification, the contexts in which they are appropriate, and the main market solutions in each area.
  ERP Systems – Enterprise Resource Planning: What is an ERP, ERP components/modules, business processes covered, and the ERP implementation process.
  CRM Systems – Customer Relationship Management: What is a CRM and what it brings to the business, functional areas covered by a CRM, how to implement a CRM.
  Business Intelligence. The information pyramid and business intelligence. Metrics and KPIs, Scorecards, characteristics of a Business Intelligence system.
  Other information systems (CMS; LMS; GIS, etc.).

TOPIC 5. Management Systems.

• Objectives: To provide a solid foundation covering the most important aspects of management systems
• Syllabus:
  Introduction to management systems: Basic concepts and the importance of management systems in a business context.
  Quality management: Principles and requirements of the ISO 9001 standard, implementation, and benefits.
  Environmental Management: Principles and requirements of the ISO 14001 standard, strategies for sustainability and reducing environmental impact.
  Occupational Health and Safety: Principles and requirements of the ISO 45001 standard, risk assessment, and preventive measures.
  Information Security: Principles and requirements of the ISO 27001 standard, data protection, and information security management.
  Integration of management systems: How to integrate different management systems to improve business efficiency and effectiveness.
  Auditing and management control: Internal and external audit procedures, and tools for management control.
  Case studies: Practical examples of management system implementation in companies, analysis of real-world cases, and discussion of results.

TOPIC 6. ARTIFICIAL INTELLIGENCE.

• Objectives: To understand the real impact of AI on financial and legal processes, identifying specific opportunities and risks. The session will also analyze the transition to AI-based models in finance and legal departments, exploring concrete use cases (compliance, risk prediction, accounting automation, treasury optimization, etc.).
• Syllabus:
  Technological supremacy and the current moment as a window of opportunity: AI as a competitive advantage in finance and law, and how regulation is shaping the adoption of AI.
  State of the art in technology and upcoming milestones in finance and law: AI applications in auditing, taxation, accounting, financial or regulatory risk analysis, etc., and automation in relation to due diligence processes, contracts, etc.
  The transition toward AI-driven companies in finance and law.
  Use cases in finance and law: Cost reduction, cash flow optimization, automation, assessment and mitigation of legal and financial risks, etc.

Module 2. EXPERT COURSE IN FINANCING, RESTRUCTURING, AND INSOLVENCY
Section 1: Sources of Financing and Capital Structure

TOPIC 1. Capital Structure.

• Objectives: To provide a solid foundation covering the most important aspects of capital structure
• Syllabus:
  Introduction to Capital Structure: Basic concepts and the importance of capital structure in a business context.
  Understanding Debt and Equity: Different types of debt and equity, and how they affect capital structure.
  Financial Risk Assessment: Methods for assessing the financial risk associated with different capital structures.
  Optimal Capital Structure: How to determine the optimal capital structure to maximize firm value.
  Theories of Capital Structure: Major theories.
  Case Studies: Practical examples of companies with different capital structures, analysis of real-world cases, and discussion of results.

TOPIC 2. Sources of Financing.

• Objectives: To understand the basic concepts of financing, as well as the importance of financing in business. In addition, the different sources of financing will be analyzed.

Syllabus:
Introduction to Financing.
Risk Assessment and Management.
Types of Financing.
Bank Financing.
Non-bank Financing.

 

Section 2: Capital Markets

TOPIC 1. Debt Capital Markets.

• Objectives: To understand what fixed income is and how it works; Basic concepts of fixed income; Comparison with other types of investment.
• Syllabus:
  General Characteristics of Fixed Income: What fixed income is and how it works; Basic concepts of fixed income; Comparison with other types of investment.
  Classification of Fixed Income Assets: Type of issuer; Duration of the asset; Type of yield.
  Public and Private Fixed Income: How primary and secondary markets work; Government bonds vs. corporate bonds; Key differences and practical examples.
  Main Risks and Returns of Fixed Income Assets: Credit risk; Interest rate risk; Liquidity risk; Risk mitigation strategies; Calculating returns.
  Valuation of Fixed-Income Assets: Bond valuation; Calculation of yield and duration; Clean price vs. dirty price; Accrued coupon.
  Green, Social, and Sustainable Bonds: What are green, social, and sustainable bonds; Key characteristics and benefits; Examples of recent broadcasts.

TOPIC 2. Equity Capital Markets. Objectives: To understand what equities are and how they work; Basic concepts of equities; Comparison with other types of investments.

• Syllabus:
  Introduction to Equity Markets: What equities are and how they work; Basic concepts of equities; Equities vs. other financial assets; Regulation and taxation; Importance of equity markets.
  The IPO process: Reasons for going public; Requirements; Timelines; Costs; Key players; The process in detail; IPOs and secondary offerings.
  Stock Trading: Major Secondary Markets; Types of Trading; Settlement; Stock Lending.
  Equity Derivatives: What are derivatives; Futures; Swaps; Options; Structured Products.
  Equity Analysis: Fundamental Analysis; Technical Analysis.
  Trends and Challenges: Digital trading platforms; Asset tokenization.

Section 3: Public Funding

TOPIC 1. Public Aid and the Legal Framework.

• Objectives: To understand what a public incentive is, as well as its different types, the parties involved, and the regulations that apply to them.
• Syllabus:
• General Aspects: What is a public incentive?; The Public Administration; Identifying Opportunities; Grants, Soft Loans, and Participatory Loans; Tax Savings and Deductions for Corporate Income Tax; Social Security Rebates for Research Personnel; General Law on Subsidies.
• Applicable Regulations and Laws: Block Exemption Regulation; Late Payment Act; De minimis aid; Aid intensity; Repayable portion/TNR; Net grant equivalent; Guarantees and sureties; Innovative SME Seal.
• Call for Aid Applications: Order of terms and conditions and calls for applications; Simple and competitive bidding; Compatibility of aid; Incentive effect of aid; DNSH principle; Geographic scope: regional, national, and European aid; Application submission process.
• Justification and certification process; ENAC-accredited certifiers; ROAC audit, supporting account, auditor’s certificate.

TOPIC 2. Agencies and Grant Programs.

• Objectives: To identify the agencies that manage aid and the various programs through which they implement it.
• Syllabus:
• Agencies and Programs at the national level: Recovery Plan/Next Generation; ERDF funds and other funds; Ministries; CDTI; IDEA; AEI; ENISA.
• Agencies and Programs at the regional level.
• Agencies and Programs at the European level.

TOPIC 3. Grant Recipients.

• Objectives: To understand the different types of beneficiaries, their characteristics, and obligations.
• Syllabus:
• Key concepts and tools: Types of potential beneficiaries (companies, research organizations, etc.); Date of incorporation; Date of commencement of operations; Equity; Share capital; Company size; Companies in crisis; Intercompany relationships; SABI; CIRBE.
• Administrative/financial documentation: Articles of incorporation; Annual reports (audited or unaudited), condensed financial statements; Form 200: corporate income tax (CIT); Certificates of good standing and subsidy reimbursements (Tax Authority (+Regional), Social Security); Personnel documentation: RNT, IDC, 190; Expense documentation: contract (3 bids, when necessary), invoice, proof of bank payment; Certificate of beneficial ownership; IAE/Census certificate; Powers of attorney; Certificate of natural/legal person; Separate accounting.

TOPIC 4. Projects.

• Objectives: To understand the main components of a project, as well as its types and structure.
• Outline:
• Main components of a project: Cooperative (consortium) and individual projects; Technical report; Title/Acronym; Objectives; State of the art: limitations and innovations; Timeline/activities/tasks; Budget (requested and fundable); Funding (requested and awarded); DNSH certification.
• Writing and reviewing proposals: Formats, images, and tables; Competitive vs. non-competitive proposals; Exemplary reference projects; High-level design of a proposal; Consortium design; Abstract; Problem; Solution; State of the art; Product 1.0; Product 2.0; Objectives (general, specific); Work packages/Activities; Timelines; Budget; Market; Impact; Competitors; Conceptual diagrams of a project; Entrepreneurial team CVs; Proposal review; Use of artificial intelligence in proposal preparation.

Section 4: Restructuring and Insolvency

TOPIC 1. Business Plans and Viability.

• Objectives: To conduct an analysis and assessment of a business’s viability.
• Syllabus:
  Feasibility Diagnostic Methods.
  Assessment of financial and operational feasibility.
  Quantitative methods: cash flow analysis, financial ratios.
  Qualitative methods: business model analysis, evaluation of the management team.
  Business Feasibility Plan.
  Structure and components of a feasibility plan.
  Short-, medium-, and long-term financial projections.
  Tools for developing feasibility plans.
  Unit 2.3: Viable Business Models.
  Evaluation and adaptation of business models.
  Digital transformation and business viability.
  Innovation and restructuring as factors in viability.

TOPIC 2. Restructuring/Refinancing and Viability.

• Objectives: Analyze the legal and procedural measures applicable to restructuring processes. Explore new alternatives for restructuring companies in crisis. Examine the impact of the reform on debt negotiation and restructuring. Develop practical skills in applying legal restructuring procedures.
• Syllabus:
• Initiation of the Process:
  Diagnosis and Early Warning Signs.
  Notice of the Opening of Negotiations.
• Restructuring Expert and Pre-Pack:
  The Restructuring Expert. The Practitioner.
  The Pre-Pack Expert and Their Procedure.
• Restructuring Plans: Content and Voting:
  Restructuring Plans.
  Content of the Restructuring Plan.
  Voting on Plans.
  Approval of Plans.
  Challenging Approval.
  Breach of Restructuring Plans.

TOPIC 3. Bankruptcy Proceedings.

• Objectives: To gain a detailed understanding of the operation, phases, parties involved, and other issues related to bankruptcy proceedings.
• Syllabus:
  Introduction to Bankruptcy Proceedings:
  Definition and nature of bankruptcy proceedings.
  The objective of bankruptcy proceedings: liquidation or viability of the company.
  The role of the Insolvency Administrator.
  Phases of Insolvency Proceedings.
  Common phase: declaration of insolvency and legal effects of the declaration.
  Agreement phase: drafting and approval of the restructuring agreement: Refinancing agreement within the framework of the insolvency proceedings. Viability plan in insolvency proceedings.
  Liquidation phase: the process of liquidating the company’s assets and rights.
  Effects of the resolution or termination of the insolvency proceedings:
  Closure of the insolvency proceedings: possible outcomes (confirmation of the agreement or liquidation).
  Procedural Aspects and Related Case Law.
  Analysis of recent case law on insolvency proceedings.
  The impact of recent reforms on insolvency proceedings.

Module 3. ADVANCED COURSE IN TAXATION
Section 1: Introduction and Tax Procedures

• Objectives: To understand the main characteristics and structure of the tax system and tax procedures.
• Syllabus:
• Introduction:
  Overview of the tax system.
  Regional tax aspects.
  Financing system.
• Tax Procedure:
  Administration.
  Audit.
  Collection.
  Penalties and Appeals.
  Section 2: Direct Taxes
• Objectives: To review in detail the various direct taxes within our tax system.
• Syllabus:
  Corporate Income Tax (CIT):
  General Provisions.
  Special Provisions on Consolidation.
  Special Provisions on Restructuring.
  Special section: others (Socimis, AIE, etc.).
  Accounting
  Individual Income Tax (IRPF).
  Non-Resident Income Tax (IRNR) and Double Taxation Agreements (DTA).
  Inheritance and Gift Tax (ISD).
  Wealth Tax and Tax on Large Fortunes.

Section 3: Indirect Taxes

• Objectives: To examine in detail the various indirect taxes in our tax system.
• Syllabus:
  Value-Added Tax (VAT).
  Property Transfer Tax/Stamp Duty and Real Estate Tax.
• Excise Taxes:

Alcohol and alcoholic beverages.

Hydrocarbons

Tobacco

Vehicle registration.

 

Section 4: Other

• Objectives: To delve deeper into specific aspects of taxation.
• Syllabus:
  Family business.
  Transfer pricing.
  Tax deductions.
  Local taxes.
  Case study.

Module 4. ADVANCED COURSE IN CORPORATE FINANCE
Section 1: Accounting

• Objectives: To learn about and understand the accounting process and companies’ annual financial statements, based on current regulations, as well as to gain a practical perspective on the analysis of these annual financial statements.
• Syllabus:
  Conceptual Framework and Accounting Principles (We will refer to IFRS).
  Main Valuation Standards.
  Accounting method, accounting accounts, and journal entries.
  Journal and general ledger.
  Annual Financial Statements. Financial statements comprising them. Standard, condensed, and SME formats. (Limitations).
  Case studies of the main areas comprising companies’ financial statements:
  Fixed assets – subsidies.
  Financial investments.
  Inventories – Purchases – Inventory Variation.
  Customers – Sales.
  Cash Management.
  Debt – Interest.
  Equity.
  Suppliers and Creditors.
  External Services.
  Personnel Expenses.
  Base Case: Economic events of a company – accounting entries.
  Cash Flow. From daily cash management to long-term financial strategy.
  The corporate group from an accounting perspective: Consolidation.
  Economic and Financial Analysis:
  Analysis of the Balance Sheet, Income Statement, and Notes to the Financial Statements.
  Key financial indicators.
  Cash flow statement.

Section 2: Auditing

 

• Objectives: To provide an overview of the auditing profession and its role in ensuring financial transparency in companies.
• Syllabus:
  External Audit of Annual Financial Statements.
  Introduction (importance, users, etc.). Materiality. Audit risk, etc. Independence. ROAC. Corporations.
  Mandatory/Voluntary (limits).
  Auditing standards. LAC, regulations, etc. Auditing process (planning, execution, and conclusion).
  The audit opinion. Analysis of its different sections.
  Types of audit opinions and conclusions (what qualifications imply, going concern principle, etc.).
  Accounting fraud.

Section 3: Management Control

• Objectives: Introduction to the management systems implemented by companies, as well as the areas of planning, control, and reporting.
• Syllabus:
  Tools
  Planning procedures.
  Control procedures.
  Reporting procedures.

Module 5. EXPERT COURSE IN PEOPLE MANAGEMENT AND LEADERSHIP IN THE WORKPLACE

Section 1: Strategic Leadership of People and Talent

TOPIC 1. Strategy and New Challenges in People Management.

• Objectives: To understand the socioeconomic and labor market environment in order to identify the key factors and challenges that enable us to define a strategy for People Management.
• Syllabus:
  Introduction – Socioeconomic and labor market context.
  The role of people management.
  The importance of strategy in people management.
  Formulation of the People Strategy.
  Control and monitoring of the People Strategy.
  Strategic planning of Human Resources.
  New challenges in people management.

TOPIC 2. Key Policies and Processes in People Management.

• Objectives: To learn about and understand the key practices and processes associated with people management.
• Syllabus:
  Introduction: Comprehensive Human Resources Management Model.
  Key practices and processes associated with people management:
  Recruitment and selection.
  Onboarding process.
  Compensation models.
  Performance evaluation model.
  Development evaluation model: competency-based management.
  Training and development.
  Career path design.
  Engagement
  Diversity, inclusion, and equality.

TOPIC 3. Transformational Strategic Leadership.

• Objectives: To learn about and understand the concept of strategic transformational leadership and its impact on team building.
• Syllabus:
  Introduction: Different dimensions of leadership.
  Strategic transformational leadership model.
  Key competencies for the transformational leader.
• Methodology:
  Theory with presentations of real-world business case studies.
  Application of transformational leadership tools.

TOPIC 4. Talent Management.

• Objectives: To learn about the tools for managing talent, including engagement, compensation, and recognition.
• Syllabus:
  Introduction: The concept of talent.
  Identifying talent in organizations: Talent map.
  Tools and practices for talent management.
  Key challenges in attracting and retaining talent.

TOPIC 5. Digitalization of Human Resources.

• Objectives: To provide a 3.0 perspective on the various information systems necessary for effective and efficient human resources management.
• Syllabus:
  Introduction: Digital transformation and its impact on people management.
  Use of technology for the development and implementation of various people management practices: performance evaluation, talent mapping, professional development plans…
  People Analytics for people management.
  Employer branding strategies combined with 3.0 recruitment practices through digital media and platforms.
  Impact of artificial intelligence on people management.
  Digcom Model: European reference framework.

Section 2: Labor Law

TOPIC 1: LABOR LAW

• Objectives: To learn about and understand the content of labor legislation, as well as the rights and obligations it establishes for employers and employees, with a detailed overview of labor-related procedures.
• Syllabus:
  The functioning of labor law regulations (Constitution, laws and regulations, collective bargaining agreements, employment contracts, etc.).
  The Employment Relationship: Key characteristics (voluntary nature, remuneration, subordination, dependency, and highly personal nature) that distinguish it from other non-employment relationships. Brief overview of non-employment relationships (board members, family work, commercial agents, self-employed drivers, etc.). Brief overview of certain special employment relationships (senior management, domestic workers, etc.).
  Employment Contracts: Formalities and types of employment contracts. Possible hiring incentives. Possible special contractual clauses.
  Working Hours: Workday and schedule, breaks, leave and time off, time tracking, overtime.
  Compensation: Salary and non-salary compensation. Salary structure (base salary, salary supplements, special bonuses). Salary amounts (Minimum Wage; collective bargaining agreements). Absorption and compensation. Pay stubs. Protection of wages (garnishments, FOGASA, etc.).

 

Other employee rights during the employment relationship: Effective employment, non-discrimination, risk prevention, respect for dignity and privacy, right to take legal action, most favorable terms. Analysis of groups entitled to special protection (against dismissal, …, regarding risk prevention, …).

Other employer rights during the employment relationship: requirement of good faith and diligence, occupational safety and health, management and organizational authority, disciplinary authority, non-competition requirement.
Termination of the employment relationship: Forms of termination of the employment relationship, with details of each, their formalities, and effects.
Amendment of the employment contract: substantial and non-substantial amendments. Geographic and functional mobility. Procedure and effects.
Suspension of the Employment Contract: Types, formalities, and effects.

TOPIC 2: COLLECTIVE AND COMPANY-LEVEL BARGAINING

• Objectives: To learn about and understand the scope, content, and nature of a collective bargaining agreement, as well as the negotiation process.
• Syllabus:
  Worker representation in the company: Union elections. Representative bodies, types, powers, and guarantees.
  Scope of the Collective Bargaining Agreement: Territorial, functional, and personal. Concurrence of agreements. Adherence and extension.
  Validity of the Collective Bargaining Agreement: Duration, termination, and extension.
  Legitimacy to negotiate. Legitimate parties.
  Negotiation procedure: Initiation of negotiations. Negotiating committee: composition and operation.
  Content of the Collective Bargaining Agreement. Minimum content.
  Registration, filing, and publication of the Collective Bargaining Agreement.
  Joint Committee of the Agreement. Other dispute resolution procedures regarding the application and interpretation of the agreement.

Section 3: Labor Management

TOPIC 1: PAYROLL

• Objectives: To learn about and understand the structure and content of a payroll, as well as how it is calculated, including details on compensation items and their types, the calculation of the Social Security contribution base, Social Security deductions, income tax withholdings, and other deductions. As well as the calculation and management of Social Security contributions under the General Social Security System and matters related to Social Security collection.
• Syllabus:
  Salary and non-salary components: Salary structure in the payroll. Special bonuses. Calculation of the proportional settlement of special payments. Calculation of severance pay for different types of termination. Irregular income. Compensation in kind. Flexible compensation.
  Contribution bases: Maximum and minimum bases. Contribution rates. Payroll costs. Calculation of income tax withholding rates. Other payroll deductions.
  Temporary disability: Duration. Delegated payment system and direct payment of benefits. Payroll for temporary disability resulting from common and occupational contingencies. Calculation of payroll for maternity leave
  Calculation of social security settlements: Contributions on back pay. Contributions on bonuses. Social Security collection.

TOPIC 2: SOCIAL SECURITY

• Objectives: To learn about and understand the protective functions of Social Security, with a detailed overview of the most relevant benefits.
• Syllabus:
  Protective functions of Social Security. List of benefits included.
  Retirement: requirements and amount. Ordinary retirement. Early retirement. Active retirement. Partial/flexible retirement.
  Permanent Disability: Grades, requirements, and amount. Effects on the employment relationship.
  Death and Survivorship Benefits: Widowhood, orphanhood, and benefits for family members. Requirements and amounts.
  Unemployment benefits: requirements. Legal status of unemployment. Duration and amount of the benefit. Determination of the contribution base. Minimum and maximum benefit amounts. Social Security contributions during unemployment. Suspension and termination of the benefit. Right to choose. Unemployment allowance and its different types.