CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Payroll Management

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
14 Credits: Accounting

Course Description

This course shows the accountant how to improve the functions of the payroll department, enhancing efficiency and reducing error rates. Topics covered include time tracking, payroll processing, procedures, controls, and recordkeeping. The course also addresses the United States payroll regulations and reporting requirements related to compensation, benefits, payroll taxes, and tax remittances. It is updated annually for the latest payroll regulations. Payroll Management is ideal for anyone new to payroll, or who wants to enhance an existing system.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Cite the types of payroll systems, and note how payroll confidentiality is maintained.
  • Specify the circumstances under which someone is defined as an employee, and how an employee designation impacts the applicability of payroll taxes.
  • Identify the circumstances under which different time tracking methodologies are most useful.
  • Specify the methods under which compensation is calculated for employees.
  • Cite the tax treatment of various types of benefits.
  • State the types of deductions from pay, and why they are used.
  • Recognize the methods for paying payroll taxes.
  • State the methods and related rules under which a business remits payroll taxes to the government.
  • Specify how unemployment taxes are calculated.
  • Identify how payments to employees are made, and the forms used to do so.
  • Specify where payroll transactions are recorded in the accounting records, and how payroll accruals are used.
  • Define the contents of the various payroll reports, and the circumstances under which these reports are issued.
  • State the forms used to update payroll events, when these forms should be used, and where they are stored.
  • Itemize the key steps involved in payroll activities.
  • Specify the types of reports run as part of payroll processing.
  • Cite the actions taken to maintain control over the payroll function, and note the types of controls that can be used.
  • Identify the more common payroll measurements, and note how they can be calculated and why they are used.
  • Specify the responsibilities of the parties to an outsourcing arrangement, and the negotiation points for this arrangement.

Course Specifics

Course ID
1203541
Original Release Date
December 29, 2020
Revision Date
December 29, 2020
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Payroll Management

Expert Instructors
Format
CPE CREDITS
14 Credits: Accounting

$364.00$404.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
14 Credits: Accounting

Course Description

This course shows the accountant how to improve the functions of the payroll department, enhancing efficiency and reducing error rates. Topics covered include time tracking, payroll processing, procedures, controls, and recordkeeping. The course also addresses the United States payroll regulations and reporting requirements related to compensation, benefits, payroll taxes, and tax remittances. It is updated annually for the latest payroll regulations. Payroll Management is ideal for anyone new to payroll, or who wants to enhance an existing system.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Cite the types of payroll systems, and note how payroll confidentiality is maintained.
  • Specify the circumstances under which someone is defined as an employee, and how an employee designation impacts the applicability of payroll taxes.
  • Identify the circumstances under which different time tracking methodologies are most useful.
  • Specify the methods under which compensation is calculated for employees.
  • Cite the tax treatment of various types of benefits.
  • State the types of deductions from pay, and why they are used.
  • Recognize the methods for paying payroll taxes.
  • State the methods and related rules under which a business remits payroll taxes to the government.
  • Specify how unemployment taxes are calculated.
  • Identify how payments to employees are made, and the forms used to do so.
  • Specify where payroll transactions are recorded in the accounting records, and how payroll accruals are used.
  • Define the contents of the various payroll reports, and the circumstances under which these reports are issued.
  • State the forms used to update payroll events, when these forms should be used, and where they are stored.
  • Itemize the key steps involved in payroll activities.
  • Specify the types of reports run as part of payroll processing.
  • Cite the actions taken to maintain control over the payroll function, and note the types of controls that can be used.
  • Identify the more common payroll measurements, and note how they can be calculated and why they are used.
  • Specify the responsibilities of the parties to an outsourcing arrangement, and the negotiation points for this arrangement.

Course Specifics

Course ID
1203541
Original Release Date
December 29, 2020
Revision Date
December 29, 2020
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Payroll Management

Expert Instructors
Format
CPE CREDITS
14 Credits: Accounting

$364.00$404.00

Clear