2020-2021 Catalog 
    
    Aug 10, 2020  
2020-2021 Catalog

ACC 122 - Payroll Accounting


Description: Payroll functions for a business including timekeeping techniques, payroll accounting records, check writing, preparation of federal and state payroll reports, insurance reports, and retirement plan reports. Manual recordkeeping and report submission as well as computerized payroll will be covered.

Prerequisites: ACC 121  

Credits: 3
Lecture: 3
Lab: 0

Course Content:
  1. Payroll laws and regulations
  2. New employee records
  3. Time and work records
  4. Human Resources and payroll accounting systems
  5. Determining gross earnings
  6. Determining payroll deductions
  7. The payroll register
  8. Employee earnings records
  9. Paying the payroll
  10. Self-employment taxes
  11. Federal payroll taxes and tax returns
  12. State payroll taxes and tax returns
  13. Analyzing and Journalizing payroll transactions
  14. Payroll accounting for retirement plans
  15. Social Security benefits
  16. Electronic Filing
  17. The use of Microsoft Excel in payroll applications
  18. Computerized payroll accounting

Learning Outcomes:
  1. Prepare a business's weekly, biweekly, semi-monthly, and monthly payroll and reports. (1-10, 12-15)
  2. Prepare both state and federal government tax reports. (10-15)
  3. Use a computerized system to prepare a business's payroll and tax reports. (12-14 16, 18)
  4. Use Microsoft Excel in various payroll applications. (17,18)