TAILIEUCHUNG - Lecture Accounting information systems (13/e) – Chapter 15: The human resources management and payroll cycle

After studying this chapter, you should be able to: Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle; discuss the key decisions to be made in the HRM/payroll cycle and identify the information needed to make those decisions; identify the major threats in the HRM/payroll cycle and evaluate the adequacy of various internal control procedures for dealing with them. | The Human Resources Management and Payroll Cycle Chapter 15 15-1 Learning Objectives Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle. Discuss the key decisions to be made in the HRM/payroll cycle and identify the information needed to make those decisions. Identify the major threats in the HRM/payroll cycle and evaluate the adequacy of various internal control procedures for dealing with them. 15-2 Human Resource Management Process Recruit and hire new employees Training Job assignment Compensation (payroll) Performance evaluation Discharge of employees (voluntary or involuntary) 15-3 Payroll Cycle Activities Update payroll master data Validate time and attendance data Source document: time sheets Prepare payroll Payroll register and deduction register Disburse payroll Disburse taxes and miscellaneous deductions 15-4 1. Update Master Payroll Data 2. Validate Time and Attendance Data 3. Prepare Payroll Threats Controls Unauthorized changes to payroll master data Inaccurate updating of master data Inaccurate time and attendance data Errors in processing payroll 1 a. Access controls and segregation of duties 2 a. Data processing integrity controls 3 a. Supervisory review b. Source data automation for data capture 4 a. Data processing integrity controls b. Supervisory review 15-5 4. Disburse Payroll 5. Disburse Payroll Taxes Threats Controls Theft or fraudulent distribution of paychecks Failure to make required payments Untimely payments Inaccurate payments 1 a. Restrict access to blank payroll checks and check signing machine b. Use separate account (imprest fund) 2 a. Configure system to make automatic payments on time 3 a. Configure system to make automatic payments on time 4 a. Process integrity controls b. Supervisory review 15-6 Reasons to Outsource Payroll Reduce costs Cost of processing and minimize errors Broader range of benefits Administration of benefits Free up computer resources 15-7 Key Terms Human resource management (HRM)/payroll cycle Knowledge management systems Time card Time sheet Payroll register Deduction register Earnings statement Payroll clearing account Flexible benefits plan Payroll service bureau Professional employer organization (PEO) 15-8

• Kế toán - Kiểm toán
• Human resources management
• Payroll cycle
• Accounting information systems
• Lecture Accounting information systems
• Hệ thống thông tin kế toán
• Human resource management process
• Handbooks of hospitality human resources management
• Hospitality human resources management
• Acquiring human resources
• Retaining human resources
• Human resource management’s role
• Developing human resources
• Critical human resource issues
• Human capital development
• HR practitioner’s view
• The hospitality industry
• Hospitality managers
• Quality staff
• Human resources policies
• Human resources activities
• Human resources responsibilities
• Human resources
• Human resource management
• Lecture Human resource management
• Quản trị nguồn nhân lực
• Managing human resources globally
• Human capital
• Managing human resources
• Lecture Managing human resources
• Performance management
• Performance appraisal
• Strategic Human
• Resources Management
• Government Performance
• strategic goals
• Hospitality industry
• Ebook Human resources management
• Employee recruitment
• Human resource environment
• Developing employees
• Compensating human resources
• Operations Management
• Lecture Operations management
• Supply chain management
• Quality management
• Employee compensation
• International workforce
• Recruiting human resources
• Evaluate HR plan
• Compensation programs
• Compensation management
• Managing for success
• Strategic human resources management
• Healthcare workforce planning
• Workforce diversity
• Human resources policy
• Procedures activities
• Planning training programs
• Human resources terms
• Managing people
• Financial impact
• Human resource management activities
• Electronic human resource management
• Labor force