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Frederick Community College ACCT117ONL – Payroll Accounting FALL
2009
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Class
begins: 8/22/09 |
Class
ends: 12/12/09 |
Last
Day to Drop: 11/2/09 |
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You must send your email address to the instructor before class begins |
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Instructor Information: |
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Name: Donna
J. Lane, CPA, MBA |
Office: L101F |
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E-mail:
dlane@frederick.edu |
Phone Number:
301-846-2603 |
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Office Hours:
by appointment |
Campus Mail Box #: 133 |
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Course Information: |
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Credits: 3 |
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On-campus Meetings:
none |
On-campus Exams:
2 |
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Prerequisites:
EN50A and EN52 or ESL95 and ESL99, and ACCT100 or ACCT101 |
Co-requisites:
none |
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Course Description: |
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Examines the concepts, regulations, laws and
procedures related to payroll accounting.
The course is comprehensive and detailed to prepare students to be
competent to account for the payroll of all businesses. Includes hands-on preparation of all
payroll forms, schedules, records and application of different systems. |
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Core Learning Outcomes: |
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Upon completion of this course students will: 1. Identify and apply relevant payroll laws and
regulations. 2. Identify deposit and reporting requirements and
prepare all quarterly and annual payroll-related forms. 3. Compare and contrast characteristics of different
payroll systems. 4. Identify proper presentation and disclosure of
payroll data within the financial statements. 5. Identify and compute: gross earnings, tax and nontax deductions,
net earnings for employees, and payroll taxes for employers. |
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Instructional Methods: |
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Activities and projects Problem solving/research Online discussions |
How is this course organized: |
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The course is arranged by topics. Each topic is a chapter that will be
covered during a 2-week period and end with a quiz. A continuing payroll problem begins in Ch.
2 and ends in Ch. 6. The culmination
of the course is an extensive problem that is done in a computer environment. |
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Text(s) for Course: |
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Required: PAYROLL
ACCOUNTING, Bieg, 2009 edition ISBN#:
0-324-64554-6 |
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Progress Report: |
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By the end of sixth week of the semester, you will
have an opportunity to evaluate your progress in this course and decide if
you need to make any adjustments (additional study, tutoring, conference with
instructor) to assure your success in this course. |
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Evaluation Methods: |
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Tests
/ Papers / Projects
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Point
Value
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Final Grade
Scale |
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Exam 1 Chapters 1,2 Exam 2 Chapters 3,4 Exam 3 Chapters 5,6 Chapter quizzes (6) Payroll project audit tests Continuing Payroll Problem Discussion board TOTAL POINTS AVAILABLE |
100
100 100 150 100 50 50 650 |
A=585-650 B=520-584 C=455-519 D=390-454 F=Below 390 |
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If the graded performance for online assignments
differs significantly from the grade average for proctored assignments, the
instructor reserves the right to administer additional tests. |
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Attendance/Participation Policy: |
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Even though this is an
on-line course, attendance is mandatory.
Attendance means visiting the Blackboard course site at least three
times a week – four or five times a week is better.
Getting the week's assignments |
Students with Disabilities
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FCC provides
reasonable accommodations to otherwise qualified students with disabilities
in accordance with the Americans with Disabilities Act of 1990 (ADA) and
Section 504 of the Rehabilitation Act of 1973 (Section 504) and
amendments. Students with disabilities
who are in need of accommodations must contact the Services for Students with
Disabilities (SSD) office at 301-846-2408 (A Building, Room 106A) in order to
request and apply for services. The
SSD office will require appropriate documentation of a disability. Questions related to accommodations or
services can be directed to the SSD office.
Additional information related to services can be viewed at the
following FCC web page: http://www.frederick.edu/student_services/disability.aspx. If you currently
receive services from the SSD office, please submit your Student Success Plan
to me and make an appointment with me to discuss your accommodations and
needs in class. I will hold any
information you share with me in strict confidence unless you give me
permission to do otherwise. |
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Email Policy: |
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Email is an instructional tool essential to
student-instructor and student-student communication. In the Blackboard
environment by default, your email address is available to all students in
this course. However, students are permitted to use email
addresses of other students in this course only for the purpose and the
duration of this course. Students who are concerned about the privacy of their
personal email address are reminded of commercially available products that
allow them to create unique email addresses specifically for the purpose and
duration of this course. The instructor can be expected to respond to regular
student email inquiries (grades, posted assignments, and tests excluded)
within the time frame of 24 to 48 hours. |
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Academic Honesty: |
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Work in this course is subject to the provisions of
the FCC Code of Academic Honesty. Plagiarism in any form will not be
tolerated. As a student, it is your job to practice academic honesty at ALL
times. Make sure that all sources,
particularly Internet sources, get proper credit for quotations, paraphrases,
and ideas. |
Topical Outline
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Week
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SUBJECT |
CONTENT |
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Week 1, 2 |
Ch. 1
THE NEED FOR PAYROLL/PERSONNEL RECORDS |
State wage and hour laws FICA Income tax withholding laws Unemployment tax acts QUIZ 1 |
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Week 3, 4 |
Ch. 2
COMPUTING/PAYING WAGES AND SALARIES |
Fair Labor Standards Act Determining employees’ work time Records used for timekeeping Methods of computing and paying wages and salaries QUIZ 2; EXAM 1 |
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Week 5, 6 |
Ch. 3 SOCIAL SECURITY TAXES |
Coverage under FICA Forms SS-4 and SS-5 Form 941 Failure-to-comply penalties QUIZ 3 |
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Week 7, 8 |
Ch. 4
INCOME TAX WITHHOLDING |
Coverage under Federal withholding law Withholding allowances Supplemental wage payments Earned income credit Tax forms Independent contractors QUIZ 4; EXAM 2 |
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Week 9, 10 |
Ch. 5
UNEMPLOYMENT COMPENSATION TAXES |
Coverage under FUTA and SUTA Unemployment compensation taxes and credits Employer reports Unemployment compensation benefits QUIZ 5 |
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Week 11, 12 |
Ch. 6 ANALYZING/JOURNALIZING PAYROLL TRANSACTIONS |
Payroll register; earnings record Recording gross payroll/withholdings Recording taxes/adjustments Recording other payroll deductions Summary of accounts used QUIZ 6; EXAM 3 |
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Week 13 |
Ch. 7 PAYROLL PROJECT; article CONTROLLING COSTS: PAYROLL, BENEFITS AND TAXES |
Books of account Narrative/questions Employees’ earnings records Submit Audit tests 1, 2, 3, 4 |
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Week 14
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Continue project |
Submit audit tests 5, 6, 7, 8 |
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Week 15 |
Continue and complete project |
Submit audit test 9 & Optional Activities |
THE TOPICAL OUTLINE MAY BE CHANGED AT
THE DISCRETION OF THE INSTRUCTOR.