week 6 - acc5130_Ch13-PR_Fal10_v1

week 6 - acc5130_Ch13-PR_Fal10_v1 - Accounting Systems...

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Unformatted text preview: Accounting Systems: Design and Control Chapter 13 – Payroll Ms. Pam J. Schmidt PhD Candidate Dept. of Accounting School of Business Administration CH 13: Payroll & HR Cycle –Tasks 1. Recruit & hire new employees 2. Training 3. Job Assignments 4. Compensation/Payroll 5. Performance Review 6. Termination of employment HR and Payroll are often separated in the organization Pay Schemes • Hourly workers • Salary (weekly, biweekly, monthly) • Commissions • Incentives/Bonuses Figure 13-1: Payroll Cycle - Context diagram Fig 13-3: Payroll – Level 0 DFD Steps in Processing Payroll (1) 1. Employee Changes updated in Payroll Master File ▫ Pay rate ▫ Exemptions ▫ Benefits 1. Update Tax Rates & Deductions 1. Validate time and attendance records HRM/Payroll Flowchart (Fig. 13-4) p. 503) HRM/Payroll Flowchart (Fig. 13-4) p. 503) Steps in Processing Payroll (2) 4. Preparing Payroll Types of deductions (Fig. 13-5: p. 506)Types of deductions (Fig....
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week 6 - acc5130_Ch13-PR_Fal10_v1 - Accounting Systems...

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