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COURSE SYLLABUS

1. TITLE OF COURSE: Payroll Accounting
  PREFIX/NUMBER: ACC 115 CREDIT HOURS: 3
2. PREREQUISITE: ACC 101, ACC 121 or permission of the Department Chairperson.
3. RESOURCES NEEDED:
  TEXT:

PAYROLL ACCOUNTING – 2008 Edition [Bernard J Bieg; Judith A Toland]

  SUPPLIES:

USB “THUMB” Flash DRIVE; pens, pencils, pocket calculators, and notebooks for note taking.

4. COURSE DESCRIPTION:
5. COURSE GOAL: For students to exhibit a working knowledge of personnel and payroll records.
6. COURSE OBJECTIVES:
  By the end of the course, students will
  (A) To demonstrate understanding of personnel and payroll records.
  (B) To demonstrate familiarity with the Fair Labor Standards Act, Social Security Act and other local, state, and federal laws that affect payroll operations and employment practices.
  (C) To do homework assignments in computing wages and salaries and the timekeeping methods used to record time worked.
  (D) To journalize payroll transactions involving salary expense, wages paid, taxes withheld, and employers’ tax liabilities.
  (E) To complete quarterly and yearly payroll forms for employees and employers.
  (F) To exhibit the essential traits of a bookkeeper; payroll clerk; such as, accuracy, neatness, and thoroughness through homework assignments, projects, and periodic tests.
  (G) To demonstrate familiarity with the concepts, procedures, and language of payroll accounting systems.
  (H) To demonstrate a thorough understanding of payroll procedures by completing the payroll project.
7. EVALUATION PROCEDURES:
  The evaluation procedures to be used consist of the following:
  1. Tests will be given as necessary.
  2. One analysis test over the payroll project.  (This will be considered as part of the payroll project.)
  3. Occasional collection of daily homework assignments and checking for form, neatness, and accuracy may be used.
4. The final grade will be determined on the basis of a percentage of total points possible on tests, homework assignments, and payroll project.  
    Grading Scale
Raw Score Range 		Letter Grade Grade Point Earned
(Credit Only)
    90 to 100 A 12
    80 to 89 B 9
    70 to 79 C 6
    60 to 69 D 3
    0 to 59 F 0
Special Remarks:
1. Attendance:  College policy states that students may be dropped from enrollment when absent 20% of the scheduled class meetings.  If enrolled from the beginning of the term, 6 hours will usually constitute 20% of a two-credit semester course.  Reinstatement procedures are described in the PCC catalog.
2. Tardy Policy:  A student who is late three times (enters classroom after the instructor has taken roll) will be charged with one full absence.
3. Missed Exams:  Any student who misses a MAJOR TEST will be allowed to make up that number of points equal to the one major test missed during an unexcused absence.  If prior arrangements are made or extenuating circumstances exist, makeup of quizzes and tests may be allowed.  Late homework papers will not be accepted.

8.

COURSE OUTLINE:

Week 1  - Introduction (1 hour) and begin Chapter 1 3 hours
  Week 2 - Chapter 1 as follows: (and begin Chapter 2) 3 hours

 

The Need for Payroll and Personnel Records.  Review Basic Payroll Laws

A.

The Payroll Profession

 

B.

The Fair Labor Standards Act

 

C.

State Minimum Wage and Maximum Hours Laws

 

D.

Fair Employment Laws

 

E.

FICA

 

F.

Income Tax Withholding Laws

 

G.

Other Federal Laws Affecting the Need for Payroll and Personnel Records

 

H.

Other State Laws Affecting the Need for Payroll and Personnel Records

 

I

Human Resources and Payroll Accounting Systems

 

J.

Human Resources System

 

K.

Payroll Accounting System

 

  Week 3 -- Chapter 2 as follows: 3  hours

 

Computing and Paying Wages and Salaries.  Review Methods for Computing and Paying Wages and Salaries

 

A.

Fair Labor Standards Act (FLSA)

 

B.

Determine Employee's Working Time

 

C.

Records used for Timekeeping

 

D.

Methods of Computing Wages and Salaries

 

E.

Methods of Paying Wages and Salaries

 

Test - Units 1 and 2

1 hour

Week 4 -- Chapter 3 as follows: 3 hours

 

 Social Security Taxes

 

A.

Coverage Under FICA

 

B.

A Self-Employed Person

 

C.

Application for Employer Identification Number (Form SS-4)

 

D.

Preparing Form 941

 

E.

Failure-to-Comply Penalties

 

Week 5 & 6:  --Chapter 4  Income Tax Withholding as follows:  6 hours

A.

Coverage Under Federal Income Tax W/H

 

B.

Withholding Allowances

 

C.

Federal Income Tax Withholding

 

D.

Other Methods of Withholding

 

E.

Supplemental Wage Payments

 

F.

Advanced Earned Income Credit

 

G.

Individual Retirement Accounts

 

H.

Wage and Tax Statements

 

I.

Returns Employers must Complete

 

J.

Information Returns

 

Magnetic Filing Form W-2 and Information Returns

 

Withholding State Income Tax

 

Test Units 3 & 4

 

1 hour

Week 7 - Chapter 5 Unemployment Compensation as follows: 3 hours

 

A.

Coverage Under FUTA and SUTA

 

 

 

B.

Unemployment Compensation Taxes and Credits

 

 

 

C.

Unemployment Compensation Reports Required of the Employer

 

 

D.

Unemployment Compensation Benefits

 

Week 8 - Chapter 6 - Analyzing and Journalizing Payroll Transactions

3 hours

 

A.

The Payroll Register

 

 

 

B.

The Employee's Earnings Record

 

 

 

C.

Recording Gross Payroll and Withholdings

 

 

 

D.

Recording Payroll Taxes

 

 

 

E.

Recording Workers’ Compensation Insurance Expense

 

 

 

F.

Recording the Deposit or Payment of Payroll Taxes

 

 

 

G.

Recording End-of-Period Adjustments

 

 

 

H.

Recording Transactions Pertaining to Other Payroll Transactions

 

 

Test Unit 5 & 6 

(Finish Units 5 & 6 during week 9 and test.)

1 hour

Week 10-- Begin Chapter 7 Payroll Project (allow 15-18 hours) 15/18 hrs.
  Work on Payroll Project Weeks 10, 11, 12, 13, 14, and due week 15.  

 

A.

Distribute Completed Payroll Registers

 

 

 

B.

Complete Federal, State, and City Tax Deposit Forms

 

 

 

C.

Prepare the various Quarter-End and Year-End Payroll Tax Forms

 

Payroll Project Analysis Test

2 hour

FINAL EXAM Chapter 1-6 1 hour

 

 Total hours (45 hours plus 3 hours for final exams)

 48 hours
9.  
10. ACADEMIC INTEGRITY:
  The very nature of higher education requires that students adhere to accepted standards of academic integrity. Therefore, Pueblo Community College has adopted a policy of academic conduct as described in the Student Handbook. Violation of academic integrity may be defined to include the following: cheating, plagiarism, falsification and fabrication, abuse of academic materials, complicity in academic dishonesty, and personal misrepresentation. It is the student’s responsibility to be aware of the behaviors that constitute academic dishonesty. Sanctions for violating the standards of academic integrity may include warning, probation, suspension, and/or failure of the course or assignment at the discretion of the instructor.
11. ADA NOTICE:
 

Students who have a documented disability may be eligible to receive accommodations for this class. Please contact the Disability Resources Center at 549-3446 for further information.