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Frederick Community College ACCT117ONL – Payroll Accounting FALL
2011
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Class
begins: 8/22/11 |
Class
ends: 12/10/11 |
Last
Day to Drop: 11/2/11 |
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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: C221 |
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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 #: 269 |
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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, 2011 edition ISBN#: 978-1-111531058 |
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Progress Report: |
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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 Project
audit tests/forms Continuing Payroll Prob. Discussion Board Quizzes Net Activities TOTAL POINTS AVAILABLE |
100
100 100 100 50 60 60 60 630 |
A=567-630 B=504-566 C=441-503 D=378-440 F=Below 378 |
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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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Student
Services |
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A variety of services are available to assist students in
succeeding at FCC. Students can learn more about these services by visiting
the Student Services web page: http://www.frederick.edu/student_services/index.aspx. Students with disabilities who are in need of
accommodations or who have questions related to disabilities services should
contact the Services for Students with Disabilities (SSD) office at
301-846-2408. Students can learn more about these services by visiting the
Services for Students with Disabilities web page: http://www.frederick.edu/student_services/disability.aspx. |
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Participation
Policy: |
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No
points are given for participation but students are expected to
participate. The
course is not self-paced so assignments are due when indicated. Points
are given for discussion board postings. |
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Email Policy: |
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With
the exception of MOL students, all FCC students will receive and are expected
to use their FCC email address for correspondence with faculty and staff at
the college. Students can establish and access their FCC email accounts at https://myfcc.frederick.edu.
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. 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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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 |
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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 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 |
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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 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 |
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Nov. 2 |
LAST
DAY TO WITHDRAW FROM COURSE |
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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 EXAM 3 |
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Nov. 25-28 |
THANKSGIVING
BREAK COLLEGE CLOSED |
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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.