ACCT1111 Payroll Accounting

This course provides a background in federal wage laws, wage and salary calculations, federal and state payroll tax calculations, federal and state federal reporting requirements and accounting for the payroll process. It includes a payroll preparation and quarterly and annual reporting practice set.

Credits

3

Prerequisite

ACCT1000 or ACCT1102 or concurrent

Course Requirements and Evaluation

Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.

Learning Outcomes

The following outcomes will be addressed in the course:
Identify payroll laws that affect employers
List recordkeeping requirements
Identify the major provisions of FLSA
Compute hourly and overtime pay rates
Identify requirements for social security coverage
Compute federal tax withholding
Calculate FUTA and SUTA tax payments
Journalize payroll entries
Perform payroll procedures for a computerized payroll system

Text and References

A list of textbooks required for this course is available at the bookstore.

Course Scheduling

The scheduled hours of instruction include sixteen hours for each lecture credit, thirty two hours for each lab credit and forty hours for each credit of supervised occupational experience (SOE). Lecture credit may include formal or impromptu lectures, demonstrations or discussions with the entire class or with small groups or individuals. Refer to the Credit Details section of this course outline for the credit breakdown.

Accommodations Statement

Disability Services assists students with disabilities who need accommodations to access programs, services and college activities.  If this applies to you, please contact the DS Office on your campus to initiate the accommodations process. 
Brooklyn Park Campus - 763-488-2477
Eden Prairie Campus – 952-995-1544

Campus

Brooklyn Park Campus and Eden Prairie Campus:  952-995-1300

Credit Details

lecture:

3