Question 1

Why are accurate cumulative earnings records important?

Accepted Answer

Accurate records of cumulative earnings

Question 2

The payroll cycle disburses checks to all of the following except

Accepted Answer

A) employees. 
B) bank. 
C) government. 
D) vendors. 
A) employees. 
B) bank. 
C) government. 
D) vendors.

Question 3

Which of the following forms is used to report a summary of all employees' wages and witholdings?

Accepted Answer

A) 941 
B) W-2 
C) W-3 
D) 1099-Misc. 
A) 941 
B) W-2 
C) W-3 
D) 1099-Misc.

Question 4

What controls are available to address the threat of payroll errors?

Accepted Answer

Three types of controls can be used to c

Question 5

Which of the following is a control that addresses the threat of unauthorized changes to the payroll master file?

Accepted Answer

A) Field checks 
B) Batch totals 
C) Segregation of duties 
D) Sound hiring procedures 
A) Field checks 
B) Batch totals 
C) Segregation of duties 
D) Sound hiring procedures

Question 6

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.What is an applicable control that can help prevent this event from occurring in the future?

Accepted Answer

A) proper segregation of duties 
B) automation of data collection 
C) sound hiring procedures 
D) review of appropriate performance metrics 
A) proper segregation of duties 
B) automation of data collection 
C) sound hiring procedures 
D) review of appropriate performance metrics

Question 7

A manufacturing company is likely to use __________ to collect employee time data for payroll and job time.

Accepted Answer

A) badge readers 
B) supervisor's entries 
C) preprinted time cards 
D) retina scanning 
A) badge readers 
B) supervisor's entries 
C) preprinted time cards 
D) retina scanning

Question 8

Which of the following forms is used to report an independent contractor's compensation?

Accepted Answer

A) 941 
B) W-2 
C) W-3 
D) 1099-Misc. 
A) 941 
B) W-2 
C) W-3 
D) 1099-Misc.

Question 9

What is a payroll service bureau?

Accepted Answer

A payroll service bureau is a

Question 10

Which of the following is not one of the major sources of input to the payroll system?

Accepted Answer

A) payroll changes 
B) time and attendance data 
C) checks for insurance and benefits 
D) withholdings and deduction requests from employees 
A) payroll changes 
B) time and attendance data 
C) checks for insurance and benefits 
D) withholdings and deduction requests from employees

Question 11

Which of the following is most likely to be a daily activity in the HRM/Payroll system?

Accepted Answer

A) Approve payroll disbursement 
B) Prepare paychecks 
C) Sign payroll checks 
D) Update HRM/Payroll database 
A) Approve payroll disbursement 
B) Prepare paychecks 
C) Sign payroll checks 
D) Update HRM/Payroll database

Question 12

This organization maintains the payroll master file for each of its clients and performs the payroll process.

Accepted Answer

A) Cashier 
B) Payroll service bureau 
C) Professional employer organization 
D) Virtual private network 
A) Cashier 
B) Payroll service bureau 
C) Professional employer organization 
D) Virtual private network

Question 13

When a person quits or is terminated from a company,what should be done with the person's record in the payroll system?

Accepted Answer

A) It should be deleted immediately to prevent bogus paychecks from being issued. 
B) It should be kept indefinitely. 
C) It needs to be kept at least until the end of the current year. 
D) There is no rule about the retention of payroll records. 
A) It should be deleted immediately to prevent bogus paychecks from being issued. 
B) It should be kept indefinitely. 
C) It needs to be kept at least until the end of the current year. 
D) There is no rule about the retention of payroll records.

Question 14

Employee turnover will always occur and some experts believe it may even be desirable in an organization.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 15

A "zero balance check" refers to which of the following control procedures?

Accepted Answer

A) batch totals 
B) cross-footing the payroll register 
C) a payroll clearing account 
D) online edit control 
A) batch totals 
B) cross-footing the payroll register 
C) a payroll clearing account 
D) online edit control

Question 16

What is the payroll system's principal output?

Accepted Answer

A) hiring information 
B) checks to employees 
C) checks to government agencies 
D) internal and external use reports 
A) hiring information 
B) checks to employees 
C) checks to government agencies 
D) internal and external use reports

Question 17

What is a professional employer organization?

Accepted Answer

A professional employer organi

Question 18

This organization provides payroll 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) Virtual private network 
A) Cashier 
B) Payroll service bureau 
C) Professional employer organization 
D) Virtual private network

Question 19

Which of the following is a control that addresses the threat of accidental entry of inaccurate time data into the payroll system?

Accepted Answer

A) Field checks 
B) Batch totals 
C) Segregation of duties 
D) Sound hiring procedures 
A) Field checks 
B) Batch totals 
C) Segregation of duties 
D) Sound hiring procedures

Question 20

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

Why are accurate cumulative earnings records important?

The payroll cycle disburses checks to all of the following except

Which of the following forms is used to report a summary of all employees' wages and witholdings?

What controls are available to address the threat of payroll errors?

Which of the following is a control that addresses the threat of unauthorized changes to the payroll master file?

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.What is an applicable control that can help prevent this event from occurring in the future?

A manufacturing company is likely to use __________ to collect employee time data for payroll and job time.

Which of the following forms is used to report an independent contractor's compensation?

What is a payroll service bureau?

Which of the following is not one of the major sources of input to the payroll system?

Which of the following is most likely to be a daily activity in the HRM/Payroll system?

This organization maintains the payroll master file for each of its clients and performs the payroll process.

When a person quits or is terminated from a company,what should be done with the person's record in the payroll system?

Employee turnover will always occur and some experts believe it may even be desirable in an organization.Experts estimate that on average the costs associated with replacing an employee are about __________ that of the employee's annual salary.

A "zero balance check" refers to which of the following control procedures?

What is the payroll system's principal output?

What is a professional employer organization?

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

Which of the following is a control that addresses the threat of accidental entry of inaccurate time data into the payroll system?

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

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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

Exam 13: The Human Resources Managementpayroll Cycle

Why are accurate cumulative earnings records important?

The payroll cycle disburses checks to all of the following except

Which of the following forms is used to report a summary of all employees' wages and witholdings?

What controls are available to address the threat of payroll errors?

Which of the following is a control that addresses the threat of unauthorized changes to the payroll master file?

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.What is an applicable control that can help prevent this event from occurring in the future?

A manufacturing company is likely to use __________ to collect employee time data for payroll and job time.

Which of the following forms is used to report an independent contractor's compensation?

What is a payroll service bureau?

Which of the following is not one of the major sources of input to the payroll system?

Which of the following is most likely to be a daily activity in the HRM/Payroll system?

This organization maintains the payroll master file for each of its clients and performs the payroll process.

When a person quits or is terminated from a company,what should be done with the person's record in the payroll system?

Employee turnover will always occur and some experts believe it may even be desirable in an organization.Experts estimate that on average the costs associated with replacing an employee are about __________ that of the employee's annual salary.

A "zero balance check" refers to which of the following control procedures?

What is the payroll system's principal output?

What is a professional employer organization?

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

Which of the following is a control that addresses the threat of accidental entry of inaccurate time data into the payroll system?

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

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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