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ACCT202 Introduction to Payroll

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ACCT202 is an Undergraduate course which is a foundation level course in payroll administration and management. Students here have to understand the laws and practices that affect payroll operations, personnel records, concepts of regular and overtime pay, period adjustments in payroll, posting of payroll entries. Case studies will be given on preparation of quarter end and year end payroll reports. Overall, this course gives an idea on cumulative expense on wages and incomes borne by a firm in an accounting duration. Further contemporary issues like unemployment compensation, social security taxes, income tax withholding, usage of an advanced payroll system using computers to deal with time importation, paycheck processing using computers and data storage and security.

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