Course Name: Payroll Accounting
Course
Number: ACCT 2033
Course Credit: 3 credit hours
Instructor: R. Schaa
Office Hours: As posted at my
office door (AC109)
Phone: (870)
248-4000, ext 4137. You may leave a
voice mail if I am not in my office.
Email: ruths@blackrivertech.org
Textbook:
Payroll Accounting, 2003 edition,
by Bernard J. Bieg. South-Western.
You will need at least two 3 ½” diskettes or two
zip disks and a calculator.
Course Description:
The federal rules and regulations governing
employment, compensation, and payroll taxes are studied. Students will experience hands-on activities
of calculating payroll, payroll taxes, and preparations of payroll tax reports
and records. The students will be taken
through the entire payroll process from timekeeping, computation of gross
earnings, determining federal income tax and other payroll withholdings to
recording or accounting for wages, tax liabilities, and payments or deposits.
Prerequisite:
ACCT2003 Principles of Accounting I
Course
Objectives: Upon
completion of the course the student should be able to:
1.
Define end-of-chapter vocabulary and key
terminology.
2.
Discuss the various statutes and laws affecting
payroll accounting and personnel records.
3.
Calculate employee’s work time and journalize the
transactions.
4.
Calculate FICA and journalize the transactions;
prepare Form SS-4 and Form 941.
5.
Describe the factors used to determine social
security benefits
6.
Calculate federal income tax and other withholdings
and journalize the transactions; prepare Form W-2 and information returns.
7.
Calculate unemployment compensation taxes and
journalize the transactions; prepare the compensation reports.
8.
Analyze and journalize payroll transactions using
the payroll register and the employee’s earnings records.
9.
Input payroll data using a computerized payroll
accounting program.
10.
Input payroll data using an Excel spreadsheet.
Course Requirements
and Evaluation Methodology:
Attendance: Students
are expected to attend class regularly and to be punctual in order to complete
satisfactorily this course. If a student
is absent, the student is responsible for any assignments missed; the
instructor will not notify the student of the missed assignments. Excessive absenteeism may result in
loss of credit for the course. Excessive is defined as two times the number
of times the class meets per week.
To encourage
class attendance, pop quizzes may be given; pop quizzes may consist of
questions based on the previous class discussion, lecture or problems. Pop quizzes may NOT be made up.
Students will
complete computerized assignments on their own time if a computer lab is not
available.
Homework Assignment and
Measures of Assessments:
1.
Students should read each chapter before the
lecture and/or discussion. Every student will participate in the class
discussions of the assigned chapter, questions, or problems.
1.
Students should complete the assigned questions,
exercises, or problems. Selected
assignments will be collected and graded or acknowledged as being completed;
graded or acknowledged assignments will be worth 35 points. Assigned homework is due on the assigned
date; however, homework, with a 20 percent penalty, will be accepted at the
next scheduled class meeting.
Late assignments will not be accepted after the grace period. The students, not the instructor, are
responsible for assignment deadlines.
2.
Students will demonstrate knowledge of accounting
problems by completing selected problems on the white board or on the overhead
projector. During the problem
demonstrations, the students may assess their abilities to work the assigned
problems and to solve the problems correctly; during this exercise, students
should correct their assignments and look for errors in their analytical
methodologies.
3.
Pop quizzes, which may or may not be graded, will
be given. The quizzes will be over
account titles, account balances, financial statements, journal entries,
etc. Quizzes are a quick measures of a
students’ knowledge and give feedback to the instructor about the students’
comprehension of the subject matter being discussed.
4.
Each unit is worth 135+ points: 100 points for test
and 35 points for the homework assignments.
A unit is composed of the scheduled chapter, the corresponding homework,
and any pop quizzes.
5.
Problems will be completed manually unless the
instructor states that the assignment must be computer generated. Students will compete assigned computerized
problems on their own time if a computer lab is not available.
Class Participation and Behavior: Class
participation is a vital part of the learning environment. Therefore, each student is expected to participate
in classroom discussions, answer questions, and offer input. Students are also expected to behave in a professional
and courteous manner while in class.
In accordance with college policy, food and beverages are not permitted
in the classroom.
Cell
phones and pagers will be turned off during class time.
Exams and Make-ups: The exams consist of theory and practical
parts. The theory section of the exam
may consist of true/false, multiple choice, short answer, or essay question;
the practical section of the exam consists of problems. The instructor reserves the right to deviate
from the described test format. Test
results and scores will only be distributed in class after the tests have been
graded; usually, this is the next scheduled class period. Students should NOT come to the instructor
before the exams are handed back for their scores. Students are expected to
keep a record of test scores and homework scores. Mid-term grades and final grades are posted
on Campus Connect; do not call or e-mail the college or the instructor
for your grades. If you call
or e-mail the instructor, your grade will have a ten percent penalty assessed.
Students will
not be allowed to retake an exam for any reason.
Only one
make-up exam will be permitted per semester per subject. Emergencies and sudden illnesses will be
taken into consideration with proper documentation.
STUDENT ASSESSMENT
Assessment of Points: 100 points each exam
35 points each collected
and graded assignments
5 points each pop quiz
Grading Scale: 90-100 A
80-89 B
70-79 C
60-69 D
Below 60 F
Academic Dishonesty Policy: Cheating will not be tolerated. The first offense will result in an
"F" for that grade and the second offense may result in dismissal
from the course.
Instructional Methodology: Lecture, class discussion, demonstration problems
Black River Technical College seeks to be in
compliance with both the spirit and the letter of the law as stated in Section
504 of the Rehabilitation Act, as amended, and the Americans with Disabilities
Act.
Students seeking ADA accommodations must contact
Mr. Jim Ulmer, Director of Disability Support Services, P. O. Box 468,
Pocahontas, AR 72455. Phone 870-248-4000 X4011 or Fax 870-248-4100 or jamessu@blackrivertech.org.
Contact must be made two weeks prior to beginning date of each
enrollment period
***This schedule and syllabus are
tentative and are subject to change, if necessary.***