Question 1

Name some of the benefits of using electronic direct deposit to pay employees.

Accepted Answer

Direct deposit of paychecks provide a sa

Question 2

One good way to eliminate paper paychecks is to

Accepted Answer

A) pay in cash only. 
B) pay with money orders. 
C) use the direct deposit method to transfer funds into employee bank accounts. 
D) use EFT. 
A) pay in cash only. 
B) pay with money orders. 
C) use the direct deposit method to transfer funds into employee bank accounts. 
D) use EFT.

Question 3

Which area provides information to the system about hiring,terminations,and pay rate changes?

Accepted Answer

A) payroll 
B) timekeeping 
C) purchasing 
D) HRM 
A) payroll 
B) timekeeping 
C) purchasing 
D) HRM

Question 4

Which of the following accounting cycles is most likely to be outsourced by a small or midsized business?

Accepted Answer

A) Revenue cycle 
B) HR/Payroll cycle 
C) Expenditure cycle 
D) Production cycle 
A) Revenue cycle 
B) HR/Payroll cycle 
C) Expenditure cycle 
D) Production cycle

Question 5

Payroll deductions fall into the broad categories of __________ and __________.

Accepted Answer

A) payroll tax withholdings; voluntary deductions 
B) unemployment; social security taxes 
C) unemployment taxes; income taxes 
D) voluntary deductions; income taxes 
A) payroll tax withholdings; voluntary deductions 
B) unemployment; social security taxes 
C) unemployment taxes; income taxes 
D) voluntary deductions; income taxes

Question 6

Discuss the various types of input into an AIS HRM/payroll system.

Accepted Answer

An HRM/payroll system relies on input fr

Question 7

In most companies the HRM/payroll cycle activities are accomplished by two separate systems.Which task below is typically not performed by an HRM system?

Accepted Answer

A) training 
B) performance evaluation 
C) compensation 
D) recruiting and hiring of new employees 
A) training 
B) performance evaluation 
C) compensation 
D) recruiting and hiring of new employees

Question 8

Which of the following is the most important control for reducing the opportunity for fraud involving paycheck forgery?

Accepted Answer

A) Segregation of check distribution from payroll duties 
B) Prompt redeposit of unclaimed paychecks 
C) A separate payroll bank account 
D) Direct deposit of checks 
A) Segregation of check distribution from payroll duties 
B) Prompt redeposit of unclaimed paychecks 
C) A separate payroll bank account 
D) Direct deposit of checks

Question 9

Which one of the following tasks is most important in a firm's accounting information system?

Accepted Answer

A) Performance evaluation 
B) Job assignment 
C) Hiring and terminating employees 
D) Compensation 
A) Performance evaluation 
B) Job assignment 
C) Hiring and terminating employees 
D) Compensation

Question 10

Which of the following deductions 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 11

Some stock analysts believe that a company's human resources may be worth several times the value of its tangible assets.However,the AIS typically does not account for or track such assets.Why is this the case?

Accepted Answer

A) Employees are not "owned" by the company,and may not be considered an asset. 
B) Financial statements report on assets that have not yet been used by the organization. 
C) The value of human resources is only acknowledged when used and is tracked as an expenditure and not an asset. 
D) all of the above 
A) Employees are not "owned" by the company,and may not be considered an asset. 
B) Financial statements report on assets that have not yet been used by the organization. 
C) The value of human resources is only acknowledged when used and is tracked as an expenditure and not an asset. 
D) all of the above

Question 12

Many demands are placed on the company's HRM/payroll system.For example,federal and state laws require employers to contribute a specified percentage of each employee's gross pay into certain funds.Such funds are used for

Accepted Answer

A) social security taxes. 
B) flexible benefit plans. 
C) federal and state unemployment compensation funds. 
D) federal income taxes. 
A) social security taxes. 
B) flexible benefit plans. 
C) federal and state unemployment compensation funds. 
D) federal income taxes.

Question 13

The payroll master file is updated with

Accepted Answer

A) new hire and termination data. 
B) changes in pay rates and discretionary withholdings. 
C) changes in time card data. 
D) A and B above are correct. 
A) new hire and termination data. 
B) changes in pay rates and discretionary withholdings. 
C) changes in time card data. 
D) A and B above are correct.

Question 14

Which HR report is useful in planning future workforce needs and training programs?

Accepted Answer

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

Question 15

Which type of payroll report contains information such as the employees' gross pay,payroll deductions,and net pay in a multicolumn format?

Accepted Answer

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

Question 16

For recording time spent on specific work projects,manufacturing companies usually use a

Accepted Answer

A) job time ticket. 
B) time card. 
C) time clock. 
D) labor time card. 
A) job time ticket. 
B) time card. 
C) time clock. 
D) labor time card.

Question 17

Regarding the use of incentives,commissions and bonuses in payroll,which of the following statements is false?

Accepted Answer

A) Using incentives,commissions,and bonuses requires linking the payroll system and the information systems of sales and other cycles in order to collect the data used to calculate bonuses. 
B) Bonus/incentive schemes must be properly designed with realistic,attainable goals that can be objectively measured. 
C) Poorly designed incentive schemes can result in undesirable behavior. 
D) All of the above are true 
A) Using incentives,commissions,and bonuses requires linking the payroll system and the information systems of sales and other cycles in order to collect the data used to calculate bonuses. 
B) Bonus/incentive schemes must be properly designed with realistic,attainable goals that can be objectively measured. 
C) Poorly designed incentive schemes can result in undesirable behavior. 
D) All of the above are true

Question 18

Some companies have created a position called "director of intellectual assets." What is the objective of this position?

Accepted Answer

A) measurement and development of intellectual assets and human resources 
B) implementation of a more integrated HRM/payroll system 
C) improvement of the hiring and firing procedures in the company 
D) All of the above are correct. 
A) measurement and development of intellectual assets and human resources 
B) implementation of a more integrated HRM/payroll system 
C) improvement of the hiring and firing procedures in the company 
D) All of the above are correct.

Question 19

When using electronic documents,__________ increase the accuracy of data entry.

Accepted Answer

A) access controls 
B) separation of duties 
C) general controls 
D) application controls 
A) access controls 
B) separation of duties 
C) general controls 
D) application controls

Question 20

What is the best control to reduce the risk of losing payroll data?

Accepted Answer

A) passwords 
B) physical security controls 
C) backup and disaster recovery procedures 
D) encryption 
A) passwords 
B) physical security controls 
C) backup and disaster recovery procedures 
D) encryption

Name some of the benefits of using electronic direct deposit to pay employees.

One good way to eliminate paper paychecks is to

Which area provides information to the system about hiring,terminations,and pay rate changes?

Which of the following accounting cycles is most likely to be outsourced by a small or midsized business?

Payroll deductions fall into the broad categories of and .

Discuss the various types of input into an AIS HRM/payroll system.

In most companies the HRM/payroll cycle activities are accomplished by two separate systems.Which task below is typically not performed by an HRM system?

Which of the following is the most important control for reducing the opportunity for fraud involving paycheck forgery?

Which one of the following tasks is most important in a firm's accounting information system?

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

Some stock analysts believe that a company's human resources may be worth several times the value of its tangible assets.However,the AIS typically does not account for or track such assets.Why is this the case?

Many demands are placed on the company's HRM/payroll system.For example,federal and state laws require employers to contribute a specified percentage of each employee's gross pay into certain funds.Such funds are used for

The payroll master file is updated with

Which HR report is useful in planning future workforce needs and training programs?

Which type of payroll report contains information such as the employees' gross pay,payroll deductions,and net pay in a multicolumn format?

For recording time spent on specific work projects,manufacturing companies usually use a

Regarding the use of incentives,commissions and bonuses in payroll,which of the following statements is false?

Some companies have created a position called "director of intellectual assets." What is the objective of this position?

When using electronic documents,__________ increase the accuracy of data entry.

What is the best control to reduce the risk of losing payroll data?

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

Name some of the benefits of using electronic direct deposit to pay employees.

One good way to eliminate paper paychecks is to

Which area provides information to the system about hiring,terminations,and pay rate changes?

Which of the following accounting cycles is most likely to be outsourced by a small or midsized business?

Payroll deductions fall into the broad categories of __________ and __________.

Discuss the various types of input into an AIS HRM/payroll system.

In most companies the HRM/payroll cycle activities are accomplished by two separate systems.Which task below is typically not performed by an HRM system?

Which of the following is the most important control for reducing the opportunity for fraud involving paycheck forgery?

Which one of the following tasks is most important in a firm's accounting information system?

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

Some stock analysts believe that a company's human resources may be worth several times the value of its tangible assets.However,the AIS typically does not account for or track such assets.Why is this the case?

Many demands are placed on the company's HRM/payroll system.For example,federal and state laws require employers to contribute a specified percentage of each employee's gross pay into certain funds.Such funds are used for

The payroll master file is updated with

Which HR report is useful in planning future workforce needs and training programs?

Which type of payroll report contains information such as the employees' gross pay,payroll deductions,and net pay in a multicolumn format?

For recording time spent on specific work projects,manufacturing companies usually use a

Regarding the use of incentives,commissions and bonuses in payroll,which of the following statements is false?

Some companies have created a position called "director of intellectual assets." What is the objective of this position?

When using electronic documents,__________ increase the accuracy of data entry.

What is the best control to reduce the risk of losing payroll data?

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

Payroll deductions fall into the broad categories of and .