Question 1

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 2

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

Accepted Answer

A) a type of batch total 
B) cross-footing the payroll register 
C) the payroll clearing account shows a zero balance once all entries are posted 
D) trial balance showing that debits equal credits 
A) a type of batch total 
B) cross-footing the payroll register 
C) the payroll clearing account shows a zero balance once all entries are posted 
D) trial balance showing that debits equal credits

Question 3

Identify the item below that is not a desired result of an employee bonus systems.

Accepted Answer

A) Employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus. 
B) Employees may look for ways to improve service. 
C) Employees may analyze their work environment and find ways to cut costs. 
D) Employees may work harder and may be more motivated to exceed target goals to earn a bonus. 
A) Employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus. 
B) Employees may look for ways to improve service. 
C) Employees may analyze their work environment and find ways to cut costs. 
D) Employees may work harder and may be more motivated to exceed target goals to earn a bonus.

Question 4

For the payroll register below,all the following processing controls would be useful except

Accepted Answer

A) concurrent update control 
B) cross-footing balance test 
C) mathematical accuracy test 
D) hash total on Employee No. 
A) concurrent update control 
B) cross-footing balance test 
C) mathematical accuracy test 
D) hash total on Employee No.

Question 5

Executive immersion experiences are important because

Accepted Answer

A) CEOs often have no idea what rank-and-file employees do on a daily basis. 
B) employees who have positive attitudes contribute to increasing company profits. 
C) many employees feel upper management is out of touch. 
D) it is important for organizations to take social responsibility seriously. 
A) CEOs often have no idea what rank-and-file employees do on a daily basis. 
B) employees who have positive attitudes contribute to increasing company profits. 
C) many employees feel upper management is out of touch. 
D) it is important for organizations to take social responsibility seriously.

Question 6

Explain the functions of the payroll register,deduction register,and earnings statement.

Accepted Answer

The payroll register is a report that li

Question 7

Which of the following 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

For the payroll register below,all the following data entry controls would be useful except

Accepted Answer

A) validity check on Fed.Tax 
B) sequence check on Employee No. 
C) limit check on Hours 
D) field check on Pay Rate 
A) validity check on Fed.Tax 
B) sequence check on Employee No. 
C) limit check on Hours 
D) field check on Pay Rate

Question 9

Professional employer organizations (PEOs)are especially attractive to small and mid-sized businesses for all of the following reasons except

Accepted Answer

A) reduced costs. 
B) wider range of benefits. 
C) freeing up computer resources. 
D) improved service quality. 
A) reduced costs. 
B) wider range of benefits. 
C) freeing up computer resources. 
D) improved service quality.

Question 10

Which of the following is generally not a major sourceDifficulty : of input to a payroll system?

Accepted Answer

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

Question 11

What factors should be considered in outsourcing payroll to a payroll service bureau? Discuss the advantages and disadvantages of using a payroll service bureau to process a payroll.

Accepted Answer

The following questions should be consid

Question 12

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 13

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 14

The employer pays a portion of some payroll taxes and employee benefits.Both the employee and employer pay which benefit or tax listed below?

Accepted Answer

A) social security taxes 
B) federal income taxes 
C) state income taxes 
D) none of the above 
A) social security taxes 
B) federal income taxes 
C) state income taxes 
D) none of the above

Question 15

The purpose of a general ledger payroll clearing account is

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 16

The payroll transaction file should contain

Accepted Answer

A) entries to add new hires. 
B) time card data. 
C) changes in tax rates. 
D) All of the above are correct. 
A) entries to add new hires. 
B) time card data. 
C) changes in tax rates. 
D) All of the above are correct.

Question 17

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

Accepted Answer

A) The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account. 
B) The cashier does not have to sign employee paychecks. 
C) Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited. 
D) Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check. 
A) The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account. 
B) The cashier does not have to sign employee paychecks. 
C) Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited. 
D) Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check.

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

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

Identify the item below that is not a desired result of an employee bonus systems.

For the payroll register below,all the following processing controls would be useful except

Executive immersion experiences are important because

Explain the functions of the payroll register,deduction register,and earnings statement.

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

For the payroll register below,all the following data entry controls would be useful except

Professional employer organizations (PEOs)are especially attractive to small and mid-sized businesses for all of the following reasons except

Which of the following is generally not a major sourceDifficulty : of input to a payroll system?

What factors should be considered in outsourcing payroll to a payroll service bureau? Discuss the advantages and disadvantages of using a payroll service bureau to process a payroll.

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?

The employer pays a portion of some payroll taxes and employee benefits.Both the employee and employer pay which benefit or tax listed below?

The purpose of a general ledger payroll clearing account is

The payroll transaction file should contain

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

Accounting Information Systems: an Overview

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

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

Database Design Using the Rea Data Model

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 15: The Human Resources Management and Payroll Cycle

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

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

Identify the item below that is not a desired result of an employee bonus systems.

For the payroll register below,all the following processing controls would be useful except

Executive immersion experiences are important because

Explain the functions of the payroll register,deduction register,and earnings statement.

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

For the payroll register below,all the following data entry controls would be useful except

Professional employer organizations (PEOs)are especially attractive to small and mid-sized businesses for all of the following reasons except

Which of the following is generally not a major sourceDifficulty : of input to a payroll system?

What factors should be considered in outsourcing payroll to a payroll service bureau? Discuss the advantages and disadvantages of using a payroll service bureau to process a payroll.

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?

The employer pays a portion of some payroll taxes and employee benefits.Both the employee and employer pay which benefit or tax listed below?

The purpose of a general ledger payroll clearing account is

The payroll transaction file should contain

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

Accounting Information Systems: an Overview

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

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

Database Design Using the Rea Data Model

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