ACCT120 Payroll Records and Accounting

Department of Business Studies: Accounting

I. Course Number and Title
ACCT120 Payroll Records and Accounting
II. Number of Credits
3 credits
III. Number of Instructional Minutes
IV. Prerequisites
ACCT103 (C or better) or ACCT105 (C or better)
V. Other Pertinent Information
VI. 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.
VII. Required Course Content and Direction
  1. Course Learning Goals

    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. 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 Course Learning Goals

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

    See course syllabus for required textbook and any related materials.

Review/Approval Date - 5/99; Revised 3/05; Revised 12/2011; New Core 8/2015