Northeastern
Department of Accounting
WINTER INTERSESSION 2007/2008
INSTRUCTOR:
Vicki
Trammell Spencer, CPA
Office
in Tahlequah: BT 110
Office
Hours in Tahlequah:
Assistance
outside of these office hours is available.
Telephone: 918-456-5511 ext. 2902 FAX: 918-458-2337
COURSE
TITLE AND NUMBER: (Zap #0880) CLASS
DAYS & TIME:
Payroll and Employee
Benefits, ACCT 3013 8:30-1:00
Class Room: BT 118 and 128 Dec
17-21, 2007
Dec
27-28, 2007
Jan
2-4, 2008
PREREQUISITES:
and
spreadsheet software.
CATALOG
DESCRIPTION OF COURSE:
Covers
a wide spectrum of basic payroll accounting and employment topics pertaining to
large and small employers. Topics
include federal and state employment taxes, cafeteria plans, group health
plans, COBRA requirements, Fair Labor Standards Act, worker’s compensation
issues, pension plans, contract labor, and employee leasing.
COURSE
PURPOSE:
The
purpose of this course is to review basic payroll accounting principles,
payroll tax reports, payroll accounting software systems, preparation of
payroll reports using spreadsheets, and employment and payroll laws.
EXPECTED
COURSE OUTCOMES:
1.
Basic
understanding of employment & payroll laws.
2.
Able
to describe various methods of timekeeping.
3.
Able
to compute gross earnings.
4.
Compute
the amount of taxes to be withheld from gross earnings.
5.
Compute
employer’s payroll taxes.
6.
Able
to prepare basic payroll tax returns & make timely payroll deposits.
7.
Prepare
accounting entries to record payroll and the related taxes.
8.
Prepare
and calculate payroll using QuickBooks accounting software.
9.
Recognize
basic internal control characteristics of payroll.
10.
Identify
cost-saving policies & techniques.
INSTRUCTIONAL
MATERIALS:
(Required Textbook)
Payroll Accounting 2008 Edition, Bieg, Thompson
Southwestern Publishing,
ISBN #0-324-64554-6
STUDENT
PERFORMANCE ACTIVITIES: (Attendance/Punctuality)
Students will be expected to attend class and be on time. Excessive unexcused absences can affect your grade. A seating chart will be used and attendance will be monitored. Participation in class discussions will be an informal input to your final grade, and is strongly encouraged. I appreciate your participation and questions.
Instructional Philosophy:
The most effective and efficient use of classroom time aims at reinforcing or clarifying what the student has tried to learn on an individual basis before entering the classroom. Therefore, optimal learning is achieved by (a) wholehearted preparation via studying the assigned chapters and solving the assigned problems, (b) discussion of the material by the students and the instructor in class, and (c) the instructor’s underscoring of the most important points.
The student bears the primary responsibility for learning the material, while the instructor has the responsibility to assist in the learning process by demonstrating problem-solving techniques and clarifying difficult concepts. To achieve this objective, the student should plan to spend at least two hours outside of class for each hour in class.
ASSIGNMENT
DUE DATES:
Homework problems may be collected at the beginning or the
end of the class period assigned.
Information obtained during class discussion of assigned problems must
be indicated by the use of red ink to distinguish work done before, rather than
during class. You will be given credit
for a reasonable attempt to work the problem. (See attached schedule for
specific problem assignments and due dates.)
Homework will not be accepted late.
STUDENT
EVALUATION:
Grades will be based upon formal written examinations,
periodic quizzes, and written
assignments. If a
student misses one of the first two exams, and has a valid excused absence, and
notifies the instructor before the exam, it can be made up before the next
class period with a ten-point reduction in the exam score. Each additional missed exam will be
assigned a grade of zero.
Written Examinations.....................…... 200
Homework................................……….. 120
Project….................................………..
60
Final Exam......................……..………. 100
Total possible points ..........................… 580
Letter
grades are computed as follows:
A = 90 – 100% B = 80 – 89%
C = 70 – 79% D = 60 – 69%
F
= under 60%
Grade
Appeals-The
student should arrange a conference with the professor; if no settlement is
reached, either party may refer the matter to the College of Business Dean by a
written statement. If mediation fails, the matter will go to the Vice President
of Academic Affairs. The deadline for
initiating a grade appeal is four (4) months after the date the grade was
assigned.
Deadline
for Dropping Course-Students
are advised that the last date during the semester when
they may
drop a course with an automatic “W” will be December 31, 2007. If you decide to
drop
after this
date, you will receive the grade you have earned up to the drop date. The grade of “W”
will be
assigned if your grade is a “D” or higher; and an “F” will be assigned if you
stop attending
and have
not turned in assignments or have not taken scheduled exams prior to the drop
date.
AMERICAN
WITH DISABILITIES ACT COMPLIANCE
If any member of the class feels that he/she has a disability and needs special accommodations of any nature whatsoever, the instructor will work with you and the University’s Office of Student Affairs to provide reasonable accommodations to ensure that you have a fair opportunity to perform in this class. Please advise the instructor of such disability and the desired accommodations at the first class attended.
INCLEMENT
WEATHER/DISASTER POLICY:
The following are basic premises for the
inclement weather policy at
1.
Classes
are expected to be held if at all possible.
2.
It
is the student’s responsibility to receive the information when weather is
questionable.
3.
Neither
students nor faculty are expected to risk life or limb.
4.
Faculty
members are obligated to hold classes if the University is not closed, unless
the faculty member is unable to get to campus.
Policy: During
times of inclement weather, decisions concerning day classes will be made by
The following media will be
notified regarding closing of the campus:
Radio Stations: Television
Stations:
KRMG 740 AM
KAYI 107 FM
KTLQ 1350 AM Tahlequah KTUL Channel 8
KEOK 102FM Tahlequah KFSM Channel 5
KBIX 1490 AM
KMMY 97 FM
KVOO 1170 AM
The automated attendant
message on (918) 456-5511 will be modified to include information
concerning campus
operations during inclement weather.
ACCOUNTING 3013PAYROLL &
ACCOUNTING BENEFITS TENTATIVE COURSE SCHEDULE |
|||
|
Date |
Ch |
Subject |
Homework Assignment |
|
Dec 17 M |
1 |
Orientation Ch 1-The Need for
Payroll Records Work on homework
assignment In class Internet
Assignment |
Ch 1 Questions for Review Q’s 1-20 |
|
Dec 18 T |
2 |
Ch 2-Computing
Wages & Salaries In class Excel
Assignment-set up Spreadsheet that
looks like Glo Brite Payroll register
that is part of Ch 7. |
Ch 2 Questions for Review Q’s 1-25 Ch 3 Questions for Review Q’s 1-15 Quiz – Ch 1 Quiz – Ch 2 |
|
Dec 19 W |
3 |
Ch 3-Social
Security Taxes QuickBooks lesson
on Payroll In class Internet
Assignment Review for 1st
Exam |
Quiz – Ch 3 Ch 2 Problems 2-1B
through 2-20B Begin the
continuing payroll problem-Kipley |
|
Dec 20 TH |
|
8:30 First
Exam – Ch 1-3 10:00 meet in BT
128 to work on QuickBooks assignment 12:00 Room 118
Bank Reconciliations |
No ch 3B assigned |
|
Dec 21 F |
4 |
Ch 4-Income Tax
Withholding Computer room QuickBooks lesson
on Payroll |
Ch 4 Questions for Review Q’s 1-20 Quiz – Ch4 Bank
Reconciliation Handout |
|
Dec 27 TH |
5 7 |
Ch 5-Unemployment
Compensation Computer Room-QuickBooks Review rules of
Debit/Credit Ch 7-Begin
Payroll Project |
1st
Names Quiz Ch 5 Questions for Review Q’s 1-20 QuickBooks Case #1 Quiz – Ch 5 |
|
Dec 28 F |
6 7 |
Ch 6-Journalizing
Payroll Transactions BT 128 work on
QuickBooks Review for Second
Exam Ch 7-Payroll
Project-use the Excel spreadsheet that you set up earlier for the payroll
registers-the rest will need to be posted manually |
Ch 6 Questions for Review Q’s 1-20 QuickBooks Case #2 Quiz - Ch 6 |
|
Dec 31 M |
|
Last day to
drop with an Automatic “W” |
|
|
Jan 2 W |
7 A |
8:30 Second
Exam Ch 4-6 & Bank Reconciliation Ch 7-Finish Payroll Project Appendix A |
Ch 7 Payroll
Project |
|
Jan 3 TH |
|
Work on Ch 7
comprehensive problem and Appendix A Review for final |
2nd Names Quiz DR/CR Quiz Appendix A-Year End Payroll Report Continuing
Problem Ch 7
Comprehensive Problem Appendix
A-General Journal from 10/01/07 to 02/01/08 |
|
Jan 4 F |
|
Final Exam – Comprehensive |
|