PAYROLL ACCOUNTING ACCT 175 Spring 2007 M/T/W/Th/F 11:30a.m.-12:20p.m. 5 Credits INSTRUCTOR Linda Lane Office Number –124 Office Phone Number—758-1724 Office Hours—10:30-11:20 M/T/W/Th/F CATALOG DESCRIPTION Course is designed to provide an understanding of payroll records and the numerous laws that affect the operation of a payroll system. TEXTBOOK Payroll Accounting, 2007 Edition by Bernard J. Bieg. COURSE OBJECTIVES 1. Read, write, listen, and speak analytically with openness, understanding, and respect. 2. To develop an understanding of the personnel and payroll records that provide the information required under the numerous laws affecting the operation of a payroll system. 3. To describe the payroll record life of employees from their initial applications for employment to their applications for their first social security benefit check. 4. To introduce the various aspects of the Fair Labor Standards Act and the other laws that affect payroll operations and employment practices. 5. To describe the basic payroll accounting systems and procedure used in computing wages and salaries and the timekeeping methods used to record time worked. 6. To explain the various phases of the Social Security Act, the federal income tax withholding law, and other laws relating to the payment of wages and salaries. 7. To provide practice in all payroll operations, the preparation of payroll registers, the recording of accounting entries involving payroll, and the preparation of payroll tax returns required for businesses. 8. To complete a payroll project manually or with a microcomputer. Students can use the diskette package to update employee’s files, to complete payroll reports, and to display quarterly reports and W-2 forms. METHODS OF INSTRUCTION 1. Lecture--Instructor will lecture on the key points of each chapter. 2. Demonstration--Instructor will demonstrate the key points for each chapter. 3. Class Assignment--Students will work in class on the exercises and assigned problems. Instructor will be available to answer questions. METHODS OF EVALUATION 1. Practical Problems—Series B--Student will complete problems as assigned. Practical Problems will be worth thirty percent (30%) of the student’s final grade. NO LATE WORK WILL BE ACCEPTED! The two lowest practical problem grades will not be included in the calculation of the final grade. 2. Continuing Payroll Problem--Students will complete the Continuing Payroll Problems as assigned throughout the book. THESE ASSIGNMENTS CAN ONLY BE COMPLETED ON THE DATE SCHEDULED! These problems will be worth twenty percent (20%) of the student’s final grade. 3. Payroll Project--Students will complete the Payroll Project included in their book. This problem will be worth twenty percent (20%) of the student’s final grade. NO LATE WORK WILL BE ACCEPTED! 4. Computerized Exercise--Students will complete the computerized exercise included with the text. The computerized exercise will be worth twenty percent (20%) of the student’s final grade. NO LATE WORK WILL BE ACCEPTED! 5. Final Exam—You will have a final exam that will be worth ten (10%) of your final grade. This exam will be held on Wednesday, June 6, from 11:30-1:30. GRADING 94-100 = A 90-93 = A- 87-89 = B+ 84-86 = B 80-83 = B- 77-79 = C+ 74-76 = C 70-73 = C- 67-69 = D+ 60-67 = D Below 60 = F TENTATIVE COURSE OUTLINE 3/26 Introduction Discuss Syllabi Read Chapter 1 3/27 Discuss Chapter 1 Read Chapter 2 3/28 Discuss Chapter 2 Complete Practical Problems 2-1 through 2-6 Problems 2-1 through 2-6 Graded 3/29 Complete Practical Problems 2-7 through 2-17 Problems 2-7 through 2-17 Graded 4/30 Complete Practical Problem 2-18 through 2-20 Problems 2-18 through 2-20 Graded 4/2 Complete Chapter 2 Continued Problem—Graded (Must be done during class time) Read Chapter 3 4/3 Discuss Chapter 3 Complete Practical Problems 3-1 through 3-6 Problems 3-1 through 3-6 Graded 4/4 Complete Practical Problems 3-7 through 3-13 Problems 3-7 through 3-13 Graded 4/5 Complete Practical Problem 3-14 through 3-15 Problems 3-14 through 3-17 Graded 4/6 No Class—PBL Conference 4/9 Complete Chapter 3 Continued Problem—Graded (Must be completed during time) Read Chapter 4 4/10 Discuss Chapter 4 Complete Practical Problems 4-1 through 4-6 Problems 4-1 through 4-6 Graded 4/11 Complete Practical Problems 4-7 through 4-9 Problems 4-7 through 4-9 Graded 4/12 Complete Practical Problems 4-10 through 4-14 Problems 4-10 through 4-14 Graded 4/13 Complete Chapter 4 Continued Problem—Graded (Must be done during class time) Read Chapter 5 4/16 Discuss Chapter 5 Complete Practical Problems 5-1 through 5-5 Problems 5-1 through 5-5 Graded 4/17 Complete Practical Problems 5-6 through 5-10 Problems 5-6 through 5-10 Graded 4/18 Complete Practical Problems 5-11 through 5-14 Problems 5-11 through 5-14 Graded 4/19 Complete Practical Problems 5-15 and 5-17 Problems 5-15 through 5-17 Graded 4/20 TEACHER IN-SERVICE—NO CLASS 4/23 Complete Chapter 5 Continued Problem—Graded (Must be done during class time) Read Chapter 6 4/24 Complete Chapter 6 Complete Practical Problems 6-1 through 6-3 Problems 6-1 through 6-3 Graded 4/25 Complete Practical Problems 6-4 through 6-7 Problems 6-4 through 6-7 Graded 4/26 Complete Practical Problems 6-8 through 6-12 Problems 6-8 through 6-12 Graded 4/27 Complete Practical Problems 6-13 through 6-16 Problem 6-16 Graded 4/30 Complete Chapter 6 Continued Problem—Graded (Must be completed during class time) Read Appendix B--Social Security Benefits 5/1 Discuss Appendix B Read Chapter 7 5/2 Start Payroll Project 5/3 Continue on Payroll Project 5/4 Continue on Payroll Project 5/7 Continue on Payroll Project 5/8 Continue on Payroll Project 5/9 Continue on Payroll Project 5/10 Continue on Payroll Project 5/11 Continue on Payroll Project 5/14 Continue on Payroll Project 5/15 Continue on Payroll Project 5/16 Continue on Payroll Project 5/17 Continue on Payroll Project 5/18 Continue on Payroll Project 5/19 Continue on Payroll Project 5/21 Continue on Payroll Project 5/22 Advising Day—No Class 5/23 Read Appendix A--Computerized Payroll Accounting 5/24 Payroll Project Due--Graded Start Computerized Payroll Project 5/25 Continue on Computerized Project 5/28 HOLIDAY 5/29 Continue on Computerized Project 5/30 Continue on Computerized Project 5/31 Continue on Computerized Project 6/1 Continue on Computerized Project 6/4 Continue on Computerized Project 6/5 Computerized Project Due Review for Final Exam 6/6 Final Exam from 11:30-1:30p.m.
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