Question 1

This organization provides payroll processing as well as other HRM services,such as employee benefit design and administration.

Accepted Answer

A)  Cashier 
B)  Payroll service bureau 
C)  Professional employer organization 
D)  Paycheck distribution companies 
A)  Cashier 
B)  Payroll service bureau 
C)  Professional employer organization 
D)  Paycheck distribution companies

Question 2

Experts estimate that on average the costs associated with replacing an employee are about ________ that of the employee's annual salary.

Accepted Answer

A)  one-quarter 
B)  one-half 
C)  one and one-half 
D)  twice 
A)  one-quarter 
B)  one-half 
C)  one and one-half 
D)  twice

Question 3

Describe the basic activities in an HRM/payroll cycle.

Accepted Answer

The HRM/payroll cycle is a recurring set

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

What step can be taken to 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 6

The sales department administrative assistant has been assigning phone order sales to her brother-in-law,a company sales person.Company policy is to pay commissions only on orders directly received by sales people,not on orders received over the phone.The resulting fraudulent commission payments might best have been prevented by requiring that

Accepted Answer

A)  sales commission statements be supported by sales order forms signed by the customer and approved by the sales manager. 
B)  sales order forms be prenumbered and accounted for by the sales department manager. 
C)  sales orders and commission statements be approved by the accounting department. 
D)  disbursement vouchers for commission payments be reviewed by the internal audit department and compared to sales commission statements and sales orders. 
A)  sales commission statements be supported by sales order forms signed by the customer and approved by the sales manager. 
B)  sales order forms be prenumbered and accounted for by the sales department manager. 
C)  sales orders and commission statements be approved by the accounting department. 
D)  disbursement vouchers for commission payments be reviewed by the internal audit department and compared to sales commission statements and sales orders.

Question 7

Which of the following deductions is not classified as a voluntary deduction?

Accepted Answer

A)  pension plan contributions 
B)  social security withholdings 
C)  insurance premiums 
D)  deductions for a charity organization 
A)  pension plan contributions 
B)  social security withholdings 
C)  insurance premiums 
D)  deductions for a charity organization

Question 8

The document that lists each employee's gross pay,payroll deductions,and net pay in a multicolumn format is called

Accepted Answer

A)  an employee earnings statement. 
B)  the payroll register. 
C)  a deduction register. 
D)  an employee time sheet summary. 
A)  an employee earnings statement. 
B)  the payroll register. 
C)  a deduction register. 
D)  an employee time sheet summary.

Question 9

Which of the following documents would be likely to yield the greatest cost saving by converting from paper to electronic?

Accepted Answer

A)  Payroll register 
B)  Earnings statement 
C)  Deduction register 
D)  Time card 
A)  Payroll register 
B)  Earnings statement 
C)  Deduction register 
D)  Time card

Question 10

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 11

These are used to transmit time and attendance data directly to the payroll processing system.

Accepted Answer

A)  Badge readers 
B)  Electronic time clocks 
C)  Magnetic cards 
D)  none of the above 
A)  Badge readers 
B)  Electronic time clocks 
C)  Magnetic cards 
D)  none of the above

Question 12

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 13

Which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals?

Accepted Answer

A)  payroll register 
B)  deduction register 
C)  earnings statement 
D)  federal W-4 form 
A)  payroll register 
B)  deduction register 
C)  earnings statement 
D)  federal W-4 form

Question 14

Many companies offer their employees a "cafeteria" approach to voluntary benefits in which employees can pick and choose the benefits they want.This plan is normally called a(n)

Accepted Answer

A)  elective plan. 
B)  menu options benefit plan. 
C)  flexible benefit plan. 
D)  buffet plan. 
A)  elective plan. 
B)  menu options benefit plan. 
C)  flexible benefit plan. 
D)  buffet plan.

Question 15

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

Accepted Answer

Direct deposit of paychecks provide a sa

Question 16

What is the purpose of a general ledger payroll clearing account?

Accepted Answer

A)  to check the accuracy and completeness of payroll recording and its allocation to cost centers 
B)  to make the bank reconciliation easier 
C)  to make sure that all employees are paid correctly each week 
D)  to prevent the cashier from having complete control of the payroll cycle 
A)  to check the accuracy and completeness of payroll recording and its allocation to cost centers 
B)  to make the bank reconciliation easier 
C)  to make sure that all employees are paid correctly each week 
D)  to prevent the cashier from having complete control of the payroll cycle

Question 17

Which control would be most appropriate to address the problem of inaccurate payroll processing?

Accepted Answer

A)  encryption 
B)  direct deposit 
C)  cross-footing of the payroll register 
D)  an imprest payroll checking account 
A)  encryption 
B)  direct deposit 
C)  cross-footing of the payroll register 
D)  an imprest payroll checking account

Question 18

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 19

Discuss the various types and sources of input into the HRM/payroll cycle.

Accepted Answer

An HRM/payroll system relies on input fr

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)  banks don't like to commingle 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)  banks don't like to commingle payroll and expense checks 
D)  All of the above are correct.

Exam 15: The Human Resources Management and Payroll Cycle

This organization provides payroll processing as well as other HRM services,such as employee benefit design and administration.

Experts estimate that on average the costs associated with replacing an employee are about ________ that of the employee's annual salary.

Describe the basic activities in an HRM/payroll cycle.

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

What step can be taken to reduce the distribution of fraudulent paychecks?

Which of the following deductions is not classified as a voluntary deduction?

The document that lists each employee's gross pay,payroll deductions,and net pay in a multicolumn format is called

Which of the following documents would be likely to yield the greatest cost saving by converting from paper to electronic?

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

These are used to transmit time and attendance data directly to the payroll processing system.

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

Which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals?

Many companies offer their employees a "cafeteria" approach to voluntary benefits in which employees can pick and choose the benefits they want.This plan is normally called a(n)

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

What is the purpose of a general ledger payroll clearing account?

Which control would be most appropriate to address the problem of inaccurate payroll processing?

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

Discuss the various types and sources of input into the HRM/payroll cycle.

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

Accounting Information Systems: an Overview

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

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

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

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