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Nov 23, 2024
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2020-2021 Catalog [PREVIOUS CATALOG YEAR]
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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:
- Payroll laws and regulations
- New employee records
- Time and work records
- Human Resources and payroll accounting systems
- Determining gross earnings
- Determining payroll deductions
- The payroll register
- Employee earnings records
- Paying the payroll
- Self-employment taxes
- Federal payroll taxes and tax returns
- State payroll taxes and tax returns
- Analyzing and Journalizing payroll transactions
- Payroll accounting for retirement plans
- Social Security benefits
- Electronic Filing
- The use of Microsoft Excel in payroll applications
- Computerized payroll accounting
Learning Outcomes:
- Prepare a business's weekly, biweekly, semi-monthly, and monthly payroll and reports. (1-10, 12-15)
- Prepare both state and federal government tax reports. (10-15)
- Use a computerized system to prepare a business's payroll and tax reports. (12-14 16, 18)
- Use Microsoft Excel in various payroll applications. (17,18)
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