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Course Details

Payroll Management - 2017 (Course Id 700)

Updated / QAS / Registry   Add to Cart 
Author : Steven Bragg, CPA
Status : Production
CPE Credits : 14.0
IRS Credits : 0
Price : $117.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Management for Course Id 700

Description :

Payroll Management describes how to properly manage the payroll department with a variety of efficiency techniques, procedures, and controls. It also shows how to comply with an array of payroll regulations, deposit taxes, account for payroll transactions, and issue payroll reports. It also addresses such special topics as payroll recordkeeping systems and whether to outsource payroll processing.

Usage Rank : 0
Release : 2017
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study.
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 26-Nov-2016
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 700

Keywords : Accounting, Payroll, Management, 2017, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    • Cite the types of payroll systems, and note how payroll confidentiality is maintained.
    • Note the circumstances under which someone is defined as an employee, and how an employee designation impacts the applicability of payroll taxes.
    • Identify the circumstances under which different time tracking methodologies are most useful.
    • Note the methods under which compensation is calculated for employees.
    • Cite the tax treatment of various types of benefits.
    • State the types of deductions from pay, and why they are used.
    • Recognize the methods for paying payroll taxes.
    • State the methods and related rules under which a business remits payroll taxes to the government.
    • Note how unemployment taxes are calculated.
    • Identify how payments to employees are made, and the forms used to do so.
    • Note where payroll transactions are recorded in the accounting records, and how payroll accruals are used.
    • Define the contents of the various payroll reports, and the circumstances under which these reports are issued.
    • State the forms used to update payroll events, when these forms should be used, and where they are stored.
    • Itemize the key steps involved in payroll activities.
    • Cite the actions taken to maintain control over the payroll function, and note the types of controls that can be used.
    • Identify the more common payroll measurements, and note how they can be calculated and why they are used.
    • Note the responsibilities of the parties to an outsourcing arrangement, and the negotiation points for this arrangement.

Chapter 1
Payroll Management

Cite the types of payroll systems, and note how payroll confidentiality is maintained.

Chapter 2
Definition of an Employee

Note the circumstances under which someone is defined as an employee, and how an employee designation impacts the applicability of payroll taxes.

Chapter 3
Employee Time Tracking

Identify the circumstances under which different time tracking methodologies are most useful.

Chapter 4
Employee Compensation

Note the methods under which compensation is calculated for employees.

Chapter 5
Employee Benefits

Cite the tax treatment of various types of benefits.

Chapter 6
Payroll Deductions

State the types of deductions from pay, and why they are used.

Chapter 7
Payroll Taxes

Recognize the methods for calculating payroll taxes.

Chapter 8
Tax Remittances

State the methods and related rules under which a business remits payroll taxes to the government.

Chapter 9
Unemployment Taxes

Note how unemployment taxes are calculated.

Chapter 10
Payments to Employees

Identify how payments to employees are made, and the forms used to do so.

Chapter 11
Accounting for Payroll

Note where payroll transactions are recorded in the accounting records, and how payroll accruals are used.

Chapter 12
Payroll Reports

Define the contents of the various payroll reports, and the circumstances under which these reports are issued.

Chapter 13
Payroll Recordkeeping

State the forms used to update payroll events, when these forms should be used, and where they are stored.

Chapter 14
Payroll Procedures

Itemize the key steps involved in payroll activities.

Chapter 15
Payroll Controls

Cite the actions taken to maintain control over the payroll function, and note the types of controls that can be used.

Chapter 16
Payroll Measurements

Identify the more common payroll measurements, and note how they can be calculated and why they are used.

Chapter 17
The Outsourcing Option

Note the responsibilities of the parties to an outsourcing arrangement, and the negotiation points for this arrangement.
Course Contents :

Chapter 1 - Payroll Management

Payroll Cycle Duration

Streamlined Timekeeping

Electronic Payments

Employee Self-Service

Manager Self-Service

Transaction Error Analysis

Staff Training Program

The Payroll Calendar

Information Confidentiality

Chapter 2 - Definition of an Employee

The Employee Defined

Employee Withholding Liability

The Independent Contractor Designation

The W-2 Contractor

The Salesperson Designation

Employees of Exempt Organizations

Ministers

Employee Scenarios

People in Business for Themselves

Family Employees

Working off the Books

Intern Rules

Chapter 3 - Employee Time Tracking

Time Tracking Scope

Employee Exclusions

Data Collection Scope

Handwritten Time Sheets

Time Cards

Computerized Time Clocks

Biometric Time Clocks

Web-Based Time Tracking

Smart Phone Time Tracking

Time Keeping Methods Usage Grid

Automated Time Tracking Reminders

Chapter 4 - Employee Compensation

The Difference between Salaries and Wages

The Work Week

Compensation Definition

Supplemental Wages

Commission Calculations

Commissions Based on Cash Receipts

Final Commission Calculations

Employee Business Expense Reimbursements

Golden Parachute Payments

Hourly Rate Plan

Idle Time

Overtime Pay

Payments in Kind

Piece Rate Pay

Salaries Paid for Partial Periods

Sick Pay

Tips

Vacation Pay

The Minimum Wage

Chapter 5 - Employee Benefits

The Provider and Recipient of Benefits

Adoption Assistance

Athletic Facilities

Cell Phones Provided by Employer

De Minimis Benefits

Disability Insurance

Educational Assistance

Employee Discounts

Flexible Spending Accounts

Health Savings Account

Leaves of Absence

Life Insurance

Lodging on Business Premises

Meals

Medical Insurance

Medical Insurance - COBRA

Moving Expense Reimbursement

No-Additional-Cost Services

Pension Plans

Defined Contribution Plan

Defined Benefit Plan

Personal Retirement Account

Retirement Planning Services

Stock Options

Stock Purchase Plans

Transportation Benefits

Tuition Reduction

Vacation Benefit Reporting

Workers’ Compensation Insurance

Working Condition Benefits

Vehicles

Education

Outplacement Services

How to Value Benefits

Cents per Mile

Commuting

Lease Value

Unsafe Conditions Commuting

Rules for Withholding, Depositing, and Reporting Benefits

Benefit Authorization Form

Taxability of Benefits

Chapter 6 - Payroll Deductions

Deductions for the Corporate Benefits Package

Deductions for Payments to Third Parties

Charitable Contributions

Garnishments Overview

Child Support Garnishment

Student Loan Garnishment

Tax Garnishment

Union Dues

Deductions for Financing Repayments

The Reduction of Deductions

Garnishment Processing

Deduction Management by Employees

Chapter 7 - Payroll Taxes

Income Tax Withholding

Social Security Tax

Medicare Tax

Calculating Withholdings

Wage Bracket Method

Percentage Method

Annualized Wages Method

Average Estimated Wages Method

Cumulative Wages Method

Part-Year Employment Method

Other Methods

Earnings Not Subject to Payroll Taxes

Underwithheld Taxes

Overwithheld Taxes

Employee Taxes Paid by the Employer

The Earned Income Credit

Tax Deductions for the Self-Employed Person

The Common Paymaster Rule

Payroll Taxes for a Successor Employer

Payroll Taxes for Part-Time Employees

State Payroll Taxes

Totalization Agreements

Chapter 8 - Tax Remittances

Types of Tax Deposit Schedules

Monthly Deposit Schedule

Semiweekly Deposit Schedule

Federal Unemployment Deposit Schedule

$100,000 Next-Day Deposit Rule

Accuracy of Deposits Rule

Deposits not on Business Days

Remittance Method

The Form 941 Quarterly Federal Tax Return

Form 941 Discrepancies

Prior Period Adjustments

Federal Tax Deposit Penalties

Trust Fund Recovery Penalty

State Tax Remittances

Local Tax Remittances

Chapter 9 - Unemployment Taxes

Responsibility for Unemployment Tax Payments

FUTA Tax Calculation

FUTA Tax Deposits

FUTA Tax Payment Timing

FUTA Tax Reporting

State Unemployment Taxes

Unemployment Benefit Claims

Calculation of the State Unemployment Tax Rate

Voluntary Unemployment Contributions

Transferring an Unemployment Experience Rating

Chapter 10 - Payments to Employees

Payments with Cash

Payments by Check

Payments by Direct Deposit

Payments by Pay Card

Flexible Spending Account Debit Cards

Unclaimed Wages

Chapter 11 - Accounting for Payroll

The Accounting Journal Entry

The Chart of Accounts

The General Ledger

The Payroll Journal

Where to Record Payroll Transactions

Types of Payroll Journal Entries

Primary Payroll Journal Entry

Accrued Wages

Accrued Bonuses

Accrued Commissions

Benefit Payments

Accrued Benefits

Stock Subscriptions

Manual Paycheck Entry

Employee Advances

Accrued Vacation Pay

Tax Deposits

Payroll Information in the Financial Statements - Wages

Payroll Information in the Financial Statements – Payroll Taxes

Chapter 12 - Payroll Reports

Payroll Register

Internal Management Reports

Form W-2

Form W-3

Corrections to Forms W-2 and W-3

Form 1099-MISC

New Hire Reporting

Chapter 13 - Payroll Recordkeeping

The Employment Application

The Employer Identification Number

The Social Security Number

Employment Eligibility Verification

The Withholding Allowance

The Personnel File

Mandated Document Retention

Chapter 14 - Payroll Procedures

Forms: The Timecard

Forms: The Paycheck and Remittance Advice

Procedure: Add an Employee

Procedure: Timecard Data Collection

Procedure: Commission Calculation

Procedure: Process Payroll

Procedure: Issue Payments to Employees

Chapter 15 - Payroll Controls

General Controls

Payroll Calculation Controls

Cash Payment Controls

Check Payment Controls

Direct Deposit Controls

Self-Service Controls

Garnishment Controls

Employee Advances Controls

Vacation Pay Controls

Chapter 16 - Payroll Measurements

Payroll Entries to Headcount Ratio

Payroll Transaction Error Rate

Form W-2c to Form W-2 Ratio

Proportion of Manual Checks

Outsourced Payroll Cost per Employee

Annualized Compensation per Employee

Net Benefits Cost per Employee

Sales per Person

Profit per Employee

Employee Turnover

Chapter 17 - The Outsourcing Option

Overview of Payroll Outsourcing

Reasons to Outsource Payroll

Reasons not to Outsource Payroll

The Outsourced Payroll Contract

The Transition to Payroll Outsourcing

Managing Outsourced Payroll

Measuring Outsourced Payroll

Terminating an Outsourcing Arrangement

Appendix A - 2016 Federal Payroll Tax Calendar

Glossary

Accounting Course 700 Home: https://www.cpethink.com/accounting-cpa-courses
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