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Payroll Management (Not Available)

Author: Steven Bragg

CPE Credit:  15 hours for CPAs

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 record-keeping systems and whether to outsource payroll processing.

Publication Date: January 2013

Designed For
The practicing accountant who needs to learn about how to properly calculate and assign costs

Topics Covered

  • Payroll Management
  • Definition of an Employee
  • Employee Time Tracking
  • Employee Compensation
  • Employee Benefits
  • Payroll Deductions and Taxes; Tax Remittances and Unemployment Taxes
  • Accounting for Payroll
  • Payroll Reports and Recordkeeping

Learning Objectives

  • Define the various management techniques to increase the efficiency and effectiveness of the payroll department.
  • Recognize the criteria under which a person is classified as an employee.
  • Recognize the methods for reducing time tracking requirements, and describe the types of employee time tracking solutions.
  • Calculate earnings for various types of wages and supplemental pay.
  • Recognize the proper tax reporting of various types of employee fringe benefits, and how to assign a value to those benefits that are not exempt from tax reporting.
  • Define the various types of pay deductions, and how to manage an efficient pay deduction system.
  • Calculate the amount of income tax withholdings and payroll tax deductions for an employee.
  • Recognize how to determine the correct deposit schedule, and how to deposit and report on tax remittances.
  • Calculate the amount of federal and state unemployment tax for which an employee is liable, and how to remit it to the government.

Level
Basic

Format
Downloadable PDF

Instructional Method
Self-Study

NASBA Field of Study
Accounting (15 hours)

Program Prerequisites
none

Advance Preparation
none

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