Exam 14: The Human Resources Process HR Management and Payroll Processes

What is the process that compares total hours of each worker as shown by the attendance record with the hours reflected on the job time records for each employee?

Which of the following payroll related frauds can have a direct impact on the organization's insurance company?

_____________________________________________ is the process of managing how people are hired, developed, assigned, motivated and retained.

The HR module in most ERP systems includes all of the following except:

Internal audit usually reports to:

According to the text, what is the process of managing how people are hired, developed, assigned, motivated and retained that presumes that employees are a strategic investment?

For good internal control, there should be a ___________________________________ between personnel data creation/modification, payroll preparation, and disbursement of the checks.

Internal audit usually reports to the ______________________________.

______________________________ are employees who do not actually work for the company, but who receive paychecks.

An imprest payroll bank account is one to which cash transfers are made in an amount exactly equal to the total net pay for the period.

___________________________________ show the time periods that employees are in attendance at the job site and available for work.

The _________________________ data is the central repository of data about people who work for the organization.

The control plan _____________________________________________, entails having paychecks distributed to employees by an entity not otherwise involved in payroll processing.

The control plan independent reconciliation of payroll bank account is directed primarily at achieving which of the following control goals?

Attendance time records reflect the start and stop times on specific jobs to allow the distribution of payroll costs to jobs in process (or to other accounts).

The checking account is a general ledger account that should show a zero balance after both the debit for gross pay earned by workers and the credit for gross pay distributed to jobs have been posted to the account.

The labor force planning data catalogs each employee's set of relative skills.

The employee wage and tax statement is known as a ____________________.

Wages taxable under FICA are reported on Form ____________________.

Below is a narrative for the "Pay employees" portion (bubble 4.0) of the payroll process described in Chapter 14.Narrative Description Validated attendance time records initiate the payment to workers in process 4.0 (Pay employees).In calculating employees' gross and net pay, Process 4.1 retrieves data from both the employee/payroll master data and the tax rates data.Process 4.1 accumulates current, quarter-to-date, and year-to-date totals for each employee and reports this information via the data flow "Payroll register." This information also is used to update the employee/payroll master data.Finally, process 4.1 prints and distributes paychecks to employees as reflected in the "Employee paychecks" data flow.The data flow "Payroll register" triggers process 4.2 where the disbursement voucher is prepared.This will result in a data flow for the GL disbursement voucher update and a data flow for the disbursement voucher.Process 4.3 prepares the transfer check and sends it to the bank to cover the organization's periodic net payroll.Required: From the DFD in TB Figure 14.2 and the narrative description above, explode bubble 4.0 into a lower level diagram showing the details of that process.