ACCT120 Payroll Records and Accounting

Department of Business Studies: Accounting

  1. Course Number and Title

    ACCT120 Payroll Records and Accounting

  2. Number of Credits

    3 credits

  3. Minimum Number of Instructional Minutes Per Semester

    2250

  4. Prerequisites

    ACCT103 (C or better) or ACCT105 (C or better)

    Corequisites

    None

  5. Other Pertinent Information

    None

  6. Catalog Course Description

    This course examines the various payroll laws, payroll accounting systems, and the procedures for computing wages and salaries in small, medium, and large firms.

  7. Required Course Content and Direction

    1. Learning Goals:

      1. Course
        2. Students will
        1. demonstrate an understanding of the various laws that affect employers in their payroll operations and procedures employed in a typical payroll accounting system;
        2. identify services that constitute employment status and identify the types of compensation that are defined as wages;
        3. compute the amount of federal income tax, FICA, and, other income taxes to be withheld from employee’s wages;
        4. construct a payroll register, employee’s earning record, compute payroll taxes, and prepare the applicable journal entries;
        5. prepare various payroll tax returns.

      2. Core (if applicable)
        3. This course is not included in the Core.

    2. Planned Sequence of Topics and/or Learning Activities:

      1. the need for payroll and personnel records
      2. computing and paying wages and salaries
      3. social security taxes
      4. income tax withholding
      5. unemployment compensation taxes
      6. analyzing and journalizing payroll transactions

    3. Assessment Methods for Core Learning Goals:

      1. Course
        2. The assessment of course learning goals may be based on discussions, homework, quizzes, exams, assignments, papers, performance based tasks and projects, and/or instructor evaluation.

      2. Core (if applicable)
        3. This course is not included in the Core.

    4. Reference, Resource, or Learning Materials to be used by Students:

      See course format for required textbook and any related materials.

  8. Teaching Methods Employed

    Section VIII is not being used in new and revised syllabi as of 12/10/08.

Review/Approval Date - 5/99; Revised 3/05; Revised 12/2011