Question 1

What are the control objectives in an HRM/payroll cycle?

Accepted Answer

All payroll transactions are properly authorized.All recorded payroll transactions are valid.All valid,authorized payroll transactions are recorded.All payroll transactions are accurately recorded.Applicable government regulations regarding remittance of taxes and filing of payroll and HRM reports are met.Assets (both cash and data)are safeguarded from loss or theft.HRM/payroll cycle activities are performed efficiently and effectively.

Question 2

Payroll is one AIS application that is processed in __________ mode.

Accepted Answer

A) sequential 
B) batch 
C) real time 
D) safe 
A) sequential 
B) batch 
C) real time 
D) safe B

Question 3

The Jaded Palate,a gourmet restaurant in Sunnyville,Alaska,uses outsourcing to reduce the costs of payroll processing and employee benefit administration.A business that provides these services is called a(an)

Accepted Answer

A) payroll clearing accountant. 
B) payroll service bureau. 
C) professional employer organization. 
D) human resources manager. 
A) payroll clearing accountant. 
B) payroll service bureau. 
C) professional employer organization. 
D) human resources manager. C

Question 4

What step can be taken to reduce the distribution of fraudulent paychecks?

Accepted Answer

A) have internal audit investigate unclaimed paychecks 
B) allow department managers to investigate unclaimed paychecks 
C) immediately mark "void" across all unclaimed paychecks 
D) match up all paychecks with time cards 
A) have internal audit investigate unclaimed paychecks 
B) allow department managers to investigate unclaimed paychecks 
C) immediately mark "void" across all unclaimed paychecks 
D) match up all paychecks with time cards

Question 5

Which category of employee below is least likely to use a time card or electronic time clock to track their hours?

Accepted Answer

A) employees who manufacture a product 
B) accountants 
C) attorneys 
D) managers and professional staff 
A) employees who manufacture a product 
B) accountants 
C) attorneys 
D) managers and professional staff

Question 6

What is a potential threat to the activity of payroll processing?

Accepted Answer

A) hiring unqualified employees 
B) poor system performance 
C) violations of employment laws 
D) unauthorized changes to the payroll master file 
A) hiring unqualified employees 
B) poor system performance 
C) violations of employment laws 
D) unauthorized changes to the payroll master file

Question 7

These are used to transmit time and attendance data directly to the payroll processing system.

Accepted Answer

A) Badge readers 
B) Electronic time clocks 
C) Magnetic cards 
D) None of the above 
A) Badge readers 
B) Electronic time clocks 
C) Magnetic cards 
D) None of the above

Question 8

Which of the following occurs nearest the start of the payroll cycle?

Accepted Answer

A) Update payroll master file 
B) Disburse payroll taxes and miscellaneous deductions 
C) Disburse payroll 
D) Prepare payroll 
A) Update payroll master file 
B) Disburse payroll taxes and miscellaneous deductions 
C) Disburse payroll 
D) Prepare payroll

Question 9

Payroll processing efficiency can be increased by eliminating paper documents and replacing them with electronic recording devices.Which of the following documents would be likely to yield the greatest cost saving by this conversion?

Accepted Answer

A) Payroll register 
B) Earnings statement 
C) Deduction register 
D) Time card 
A) Payroll register 
B) Earnings statement 
C) Deduction register 
D) Time card

Question 10

Which HR report is used in preparing labor-related reports for government agencies?

Accepted Answer

A) payroll register 
B) deduction register 
C) skills inventory 
D) workforce inventory 
A) payroll register 
B) deduction register 
C) skills inventory 
D) workforce inventory

Question 11

Time cards are generally used for employees who are paid on a(n)

Accepted Answer

A) monthly basis. 
B) overtime basis. 
C) hourly basis. 
D) production or piece-rate basis. 
A) monthly basis. 
B) overtime basis. 
C) hourly basis. 
D) production or piece-rate basis.

Question 12

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 13

The first step in the payroll process is to

Accepted Answer

A) calculate gross pay. 
B) update the payroll master file. 
C) input time card data. 
D) print paychecks. 
A) calculate gross pay. 
B) update the payroll master file. 
C) input time card data. 
D) print paychecks.

Question 14

Which activity below is not performed by the HRM?

Accepted Answer

A) compensation 
B) training 
C) discharge 
D) recruitment and hiring 
A) compensation 
B) training 
C) discharge 
D) recruitment and hiring

Question 15

Which of the following is a control that addresses the threat of payroll processing errors?

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 16

Which of the following is not a benefit of using a payroll service bureau or a professional employer organization?

Accepted Answer

A) Freeing up of computer resources 
B) Increased internal control 
C) Reduced costs 
D) Wider range of benefits 
A) Freeing up of computer resources 
B) Increased internal control 
C) Reduced costs 
D) Wider range of benefits

Question 17

The key to preventing unauthorized changes to the payroll master file is

Accepted Answer

A) hiring totally honest people to access and make changes to this file. 
B) segregating duties between the preparation of paychecks and their distribution. 
C) segregation of duties between the authorization of changes and the physical handling of paychecks. 
D) having the controller closely review and then approve any changes to the master file. 
A) hiring totally honest people to access and make changes to this file. 
B) segregating duties between the preparation of paychecks and their distribution. 
C) segregation of duties between the authorization of changes and the physical handling of paychecks. 
D) having the controller closely review and then approve any changes to the master file.

Question 18

Which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals for each category?

Accepted Answer

A) payroll register 
B) deduction register 
C) earnings statement 
D) federal W-4 form 
A) payroll register 
B) deduction register 
C) earnings statement 
D) federal W-4 form

Question 19

Which of the following controls is inappropriate for payroll check writing?

Accepted Answer

A) restrict access to blank payroll checks and documents 
B) use of a payroll clearing account 
C) someone independent of the payroll process should reconcile the payroll bank account 
D) sequential numbering of paychecks and accounting for the numbers 
A) restrict access to blank payroll checks and documents 
B) use of a payroll clearing account 
C) someone independent of the payroll process should reconcile the payroll bank account 
D) sequential numbering of paychecks and accounting for the numbers

Question 20

As the payroll system processes each payroll transaction,the system should also perform which activity listed below?

Accepted Answer

A) allocate labor costs to appropriate general ledger accounts 
B) use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger 
C) both A and B above 
D) The HRM system should not perform either activity A or B. 
A) allocate labor costs to appropriate general ledger accounts 
B) use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger 
C) both A and B above 
D) The HRM system should not perform either activity A or B.

What are the control objectives in an HRM/payroll cycle?

Payroll is one AIS application that is processed in __________ mode.

The Jaded Palate,a gourmet restaurant in Sunnyville,Alaska,uses outsourcing to reduce the costs of payroll processing and employee benefit administration.A business that provides these services is called a(an)

What step can be taken to reduce the distribution of fraudulent paychecks?

Which category of employee below is least likely to use a time card or electronic time clock to track their hours?

What is a potential threat to the activity of payroll processing?

These are used to transmit time and attendance data directly to the payroll processing system.

Which of the following occurs nearest the start of the payroll cycle?

Payroll processing efficiency can be increased by eliminating paper documents and replacing them with electronic recording devices.Which of the following documents would be likely to yield the greatest cost saving by this conversion?

Which HR report is used in preparing labor-related reports for government agencies?

Time cards are generally used for employees who are paid on a(n)

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 first step in the payroll process is to

Which activity below is not performed by the HRM?

Which of the following is a control that addresses the threat of payroll processing errors?

Which of the following is not a benefit of using a payroll service bureau or a professional employer organization?

The key to preventing unauthorized changes to the payroll master file is

Which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals for each category?

Which of the following controls is inappropriate for payroll check writing?

As the payroll system processes each payroll transaction,the system should also perform which activity listed below?

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

What are the control objectives in an HRM/payroll cycle?

Payroll is one AIS application that is processed in __________ mode.

The Jaded Palate,a gourmet restaurant in Sunnyville,Alaska,uses outsourcing to reduce the costs of payroll processing and employee benefit administration.A business that provides these services is called a(an)

What step can be taken to reduce the distribution of fraudulent paychecks?

Which category of employee below is least likely to use a time card or electronic time clock to track their hours?

What is a potential threat to the activity of payroll processing?

These are used to transmit time and attendance data directly to the payroll processing system.

Which of the following occurs nearest the start of the payroll cycle?

Payroll processing efficiency can be increased by eliminating paper documents and replacing them with electronic recording devices.Which of the following documents would be likely to yield the greatest cost saving by this conversion?

Which HR report is used in preparing labor-related reports for government agencies?

Time cards are generally used for employees who are paid on a(n)

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 first step in the payroll process is to

Which activity below is not performed by the HRM?

Which of the following is a control that addresses the threat of payroll processing errors?

Which of the following is not a benefit of using a payroll service bureau or a professional employer organization?

The key to preventing unauthorized changes to the payroll master file is

Which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals for each category?

Which of the following controls is inappropriate for payroll check writing?

As the payroll system processes each payroll transaction,the system should also perform which activity listed below?

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