Solved

Below Is a Narrative for the "Pay Employees" Portion (Bubble

Question 8

Essay

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 (Prepare paychecks)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 (Prepare disbursement voucher).This will result in a data flow for the GL disbursement voucher update and a data flow for the disbursement voucher.Process 4.3 (Prepare payroll transfer check)and sends the check to the bank to cover the organization's periodic net payroll.
Required:
Using the DFD in TB Figure 14.4 and the narrative description above,identify the words that belong in items 1 to 11 of Diagram 4.0 (TB Figure 14.5). 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 (Prepare paychecks)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 (Prepare disbursement voucher).This will result in a data flow for the GL disbursement voucher update and a data flow for the disbursement voucher.Process 4.3 (Prepare payroll transfer check)and sends the check to the bank to cover the organization's periodic net payroll. Required: Using the DFD in TB Figure 14.4 and the narrative description above,identify the words that belong in items 1 to 11 of Diagram 4.0 (TB Figure 14.5).
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 (Prepare paychecks)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 (Prepare disbursement voucher).This will result in a data flow for the GL disbursement voucher update and a data flow for the disbursement voucher.Process 4.3 (Prepare payroll transfer check)and sends the check to the bank to cover the organization's periodic net payroll. Required: Using the DFD in TB Figure 14.4 and the narrative description above,identify the words that belong in items 1 to 11 of Diagram 4.0 (TB Figure 14.5).

Correct Answer:

verifed

Verified

NOTE TO INSTRUCTORS: This question repea...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: The trigger for the payroll process "pay

Q5: The labor-force planning data catalogs each employee's

Q7: Which of the following payroll-related frauds can

Q9: Which of the following control plans will

Q22: The manager of safety, health services and

Q35: A company that specializes in rendering payroll

Q49: For good internal control an organization should

Q61: Which of the following is not part

Q62: The key functions of ensuring that the

Q104: Wages taxable under FICA are reported on