Question 1

Which of the following is generally not a major source of input to a payroll system?

Accepted Answer

A) Payroll rate changes. 
B) Time and attendance data. 
C) Checks to insurance and benefits providers. 
D) Withholdings and deduction requests from employees. 
A) Payroll rate changes. 
B) Time and attendance data. 
C) Checks to insurance and benefits providers. 
D) Withholdings and deduction requests from employees.

Question 2

What is a potential threat to the specific activity of payroll processing?

Accepted Answer

A) Hiring unqualified employees. 
B) Poor system performance. 
C) Violations of employment laws. 
D) Unauthorized changes to the payroll master file. 
A) Hiring unqualified employees. 
B) Poor system performance. 
C) Violations of employment laws. 
D) Unauthorized changes to the payroll master file.

Question 3

Using financial incentives requires organizations to

Accepted Answer

A) pay employees less than they would have to if pay was a fixed salary. 
B) better monitor employee attendance. 
C) link the payroll system to other cycles to calculate incentive payments. 
D) better monitor employee effort. 
A) pay employees less than they would have to if pay was a fixed salary. 
B) better monitor employee attendance. 
C) link the payroll system to other cycles to calculate incentive payments. 
D) better monitor employee effort.

Question 4

Identify the two types of payroll deductions and give two examples of each type.

Accepted Answer

Payroll deductions include: Payroll tax

Question 5

Which of the following will limit a firm's potential loss exposure from paycheck forgery?

Accepted Answer

A) Segregation of check distribution from payroll duties. 
B) Prompt redeposit of unclaimed paychecks. 
C) A separate payroll bank account. 
D) Direct deposit of checks. 
A) Segregation of check distribution from payroll duties. 
B) Prompt redeposit of unclaimed paychecks. 
C) A separate payroll bank account. 
D) Direct deposit of checks.

Question 6

Which of the following controls can minimize the threat of theft or fraudulent distribution of paychecks?

Accepted Answer

A) Redepositing unclaimed paychecks and investigating cause. 
B) Issuing earnings statements to employees. 
C) Using biometric authentication. 
D) Conducting criminal background investigation checks of all applicants for finance related positions. 
A) Redepositing unclaimed paychecks and investigating cause. 
B) Issuing earnings statements to employees. 
C) Using biometric authentication. 
D) Conducting criminal background investigation checks of all applicants for finance related positions.

Question 7

Which of the following is not a potential effect of inaccurate data on employee time cards?

Accepted Answer

A) Increased labor expenses. 
B) Erroneous labor expense reports. 
C) Damaged employee morale. 
D) Inaccurate calculation of overhead costs. 
A) Increased labor expenses. 
B) Erroneous labor expense reports. 
C) Damaged employee morale. 
D) Inaccurate calculation of overhead costs.

Question 8

Which of the following is not a benefit of using a payroll service bureau or a professional employer organization?

Accepted Answer

A) freeing up of computer resources 
B) increased internal control 
C) reduced costs 
D) wider range of benefits 
A) freeing up of computer resources 
B) increased internal control 
C) reduced costs 
D) wider range of benefits

Question 9

Which of the following control can reduce the distribution of fraudulent paychecks?

Accepted Answer

A) Have internal audit investigate unclaimed paychecks. 
B) Allow department managers to investigate unclaimed paychecks. 
C) Immediately mark "void" across all unclaimed paychecks. 
D) Match up all paychecks with time cards. 
A) Have internal audit investigate unclaimed paychecks. 
B) Allow department managers to investigate unclaimed paychecks. 
C) Immediately mark "void" across all unclaimed paychecks. 
D) Match up all paychecks with time cards.

Question 10

Discuss the reasons small and midsized businesses are attracted to payroll service bureaus and PEOs.

Accepted Answer

Payroll service bureaus and PEOs are esp

Question 11

Describe benefits and threats of incentive and bonus programs.

Accepted Answer

Sales staffs are often paid either on a

Question 12

When using electronic documents,________ increase(s)the accuracy of data entry.

Accepted Answer

A) access controls 
B) separation of duties 
C) general controls 
D) application controls 
A) access controls 
B) separation of duties 
C) general controls 
D) application controls

Question 13

A growing number of companies require some of their upper level executives to spend time performing job duties of rank-and-file employees.When the vice president of DaVita Inc.,a major provider of dialysis treatment,spent three days working in one of the company's clinics,she understood

Accepted Answer

A) that the company's polyester uniform caused her to sweat a great deal. 
B) evidence of fraud in several clinic locations. 
C) how the need to respond to life-threatening emergencies can result in delays in completing corporate-mandated reports. 
D) situations where employees were treating customers properly. 
A) that the company's polyester uniform caused her to sweat a great deal. 
B) evidence of fraud in several clinic locations. 
C) how the need to respond to life-threatening emergencies can result in delays in completing corporate-mandated reports. 
D) situations where employees were treating customers properly.

Question 14

All of the following are controls that should be implemented in a payroll process,except

Accepted Answer

A) supervisors distribute paychecks since they should know all employees in their department. 
B) someone independent of the payroll process should reconcile the payroll bank account. 
C) sequential numbering of paychecks and accounting for the numbers. 
D) restrict access to blank payroll checks and documents. 
A) supervisors distribute paychecks since they should know all employees in their department. 
B) someone independent of the payroll process should reconcile the payroll bank account. 
C) sequential numbering of paychecks and accounting for the numbers. 
D) restrict access to blank payroll checks and documents.

Question 15

Identify the item below that is not a desired result of an employee bonus system.

Accepted Answer

A) Employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus. 
B) Employees may look for ways to improve service. 
C) Employees may analyze their work environment and find ways to cut costs. 
D) Employees may work harder and may be more motivated to exceed target goals to earn a bonus. 
A) Employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus. 
B) Employees may look for ways to improve service. 
C) Employees may analyze their work environment and find ways to cut costs. 
D) Employees may work harder and may be more motivated to exceed target goals to earn a bonus.

Question 16

All of the following regarding payroll checks is correct except

Accepted Answer

A) access to payroll checks should be restricted. 
B) payroll checks should be sequentially pre-numbered. 
C) payroll checks should be drawn on the organization's regular bank account(s). 
D) the cashier should sign payroll checks. 
A) access to payroll checks should be restricted. 
B) payroll checks should be sequentially pre-numbered. 
C) payroll checks should be drawn on the organization's regular bank account(s). 
D) the cashier should sign payroll checks.

Question 17

Explain benefits to companies and to employees using electronic direct deposit for payroll.

Accepted Answer

Direct deposit of paychecks provide a sa

Question 18

Batch processing continues to be widely used to process payroll transactions.

Accepted Answer

A) True 
 B)False

Question 19

The employer pays a portion of some payroll taxes and employee benefits.Both the employee and employer pay which benefit or tax listed below?

Accepted Answer

A) Social security taxes. 
B) Federal income taxes. 
C) State income taxes. 
D) Municipal taxes. 
A) Social security taxes. 
B) Federal income taxes. 
C) State income taxes. 
D) Municipal taxes.

Question 20

Why is a separate payroll account used to clear payroll checks?

Accepted Answer

A) For internal control purposes, to help limit any exposure to loss by the company. 
B) To make bank reconciliation easier. 
C) To separate payroll and expense checks. 
D) All of the above are correct. 
A) For internal control purposes, to help limit any exposure to loss by the company. 
B) To make bank reconciliation easier. 
C) To separate payroll and expense checks. 
D) All of the above are correct.

Exam 15: The Human Resources Management and Payroll Cycle

Which of the following is generally not a major source of input to a payroll system?

What is a potential threat to the specific activity of payroll processing?

Using financial incentives requires organizations to

Identify the two types of payroll deductions and give two examples of each type.

Which of the following will limit a firm's potential loss exposure from paycheck forgery?

Which of the following controls can minimize the threat of theft or fraudulent distribution of paychecks?

Which of the following is not a potential effect of inaccurate data on employee time cards?

Which of the following is not a benefit of using a payroll service bureau or a professional employer organization?

Which of the following control can reduce the distribution of fraudulent paychecks?

Discuss the reasons small and midsized businesses are attracted to payroll service bureaus and PEOs.

Describe benefits and threats of incentive and bonus programs.

When using electronic documents,________ increase(s)the accuracy of data entry.

A growing number of companies require some of their upper level executives to spend time performing job duties of rank-and-file employees.When the vice president of DaVita Inc.,a major provider of dialysis treatment,spent three days working in one of the company's clinics,she understood

All of the following are controls that should be implemented in a payroll process,except

Identify the item below that is not a desired result of an employee bonus system.

All of the following regarding payroll checks is correct except

Explain benefits to companies and to employees using electronic direct deposit for payroll.

Batch processing continues to be widely used to process payroll transactions.

The employer pays a portion of some payroll taxes and employee benefits.Both the employee and employer pay which benefit or tax listed below?

Why is a separate payroll account used to clear payroll checks?

Conceptual Foundations of Accounting Information Systems

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters