Course Syllabus for "PRDV204: Payroll Applications"
Welcome to the exciting world of Payroll Administration! What you’ll learn in this course is essential to your understanding of the human-resources concept of payroll as it is interpreted from a business perspective. In applying the theoretical principles of the course in real-world ways, you should gain a better understanding of yourself and your work environment. The goal of this course is to help you develop the fundamental skills critical to payroll operations, and to help you understand state and federal compliance. This will provide you with a foundation for becoming more versed on the depth of payroll as an intricate component of human-resource management, and business overall. Fundamentally, the concept of payroll is rooted in both human-resource management and accounting principles. From a human-resource management perspective, the concept of payroll embodies compliance, which includes the identification of the relationship between the employee and the employer. There are a number of legislative acts that must be adhered to, as they assist in formulating how payroll is executed. Payroll is also an accounting concept, as all businesses are required to properly track and record their financial transactions. In most businesses, payroll is the single greatest expense they will incur. Therefore, it becomes beneficial to understand the foundational elements associated with payroll applications. The process of payroll can be divided into four major areas: - Government compliance (includes, but is not limited to): reporting based on the amount of payroll dollars; depositing of taxes collected from the employee, sometimes matched by the employer, or sometimes deposited by only the employer on the employee’s behalf; and providing summaries of annual payroll activity of each person who received any compensation from the organization. - Employee processing (includes, but is not limited to): new hire administrative actives and paperwork, tracking and reporting payroll changes, collecting and properly filing payroll data. - Payroll processing (includes, but is not limited to): data entry, reconciliation, and distribution of reports. - Employer compliance (includes, but is not limited to): the issuing of W-2’s.
Upon successful completion of this course, the student will be able to:
- Understand the working relationship between the employer and any laborer, regardless of their employment classification.
- Calculate overtime payments for employees.
- Know the basic laws and rules that apply to payroll applications.
- Understand the requirements for an effective payroll operations system.
- Understand the various federally mandated withholdings when compensating employees.
- Define and be able to research specific information on a particular state tax requirement.
- Identify what happens if an additional deduction from an employee’s compensation is required.
- Explain fringe benefits and be able to compute any associated payroll calculations.
- Explain the basics of retirement, insurance, and flexible-plan benefits.
- Understand and be able to compute payroll accounting calculations.
- Know how and when to complete and submit tax deposits and statements.
- Understand the basics of payroll tax returns and explain compliance penalties.
In order to take this course, you must:
√ Have access to a computer.
√ Have continuous broadband Internet access.
√ Have the ability/permission to install plug-ins or software (e.g., Adobe Reader or Flash).
√ Have the ability to download and save files and documents to a computer.
√ Have the ability to open Microsoft files and documents (.doc, .ppt, .xls, etc.).
√ Be competent in the English language.
√ Have read the Saylor Student Handbook.
Welcome to PRDV204: Payroll Applications. Below, please find general
information on this course and its requirements.
Course Designer: Johnny Jackson MBA, MHRM
Primary Resources: This course is comprised of a range of different free, online materials. However, the course makes primary use of core content from the Internal Revenue Service (IRS), The United States Department of Labor, and DWM Bean Counter.
Requirements for Completion: In order to complete this course, you will need to work through each unit and any of its assigned materials. In each unit of this course, there is strategic information provided to support your understanding of payroll applications. It is very important that you take notes as you work through this course, and use these notes to support your critical analysis of the content you are reading or viewing. You will also need to complete:
- Course Assessments (not graded)
- Final Exam
Time Commitment: This course should take you a total of 30 hours
to complete. The time advisory does not include the amount of time it
may take you to write out your notes or prep for the final exam. The
time advisory also does not take into consideration that you may have to
watch a lecture or web media more than once to obtain what is needed
from a particular section of the course. Each unit includes a time
advisory that lists the amount of time you are expected to spend on each
subunit. The general time commitment for each unit is 3 hours. This
should help you plan your time accordingly. It may be useful to take a
look at the materials in each unit and determine how much time you have
over the next few weeks to complete each unit, and then to set goals for
yourself. For example, if you find that it takes you longer to obtain
the insight or information you need from a reading, and you have to read
something more than once, reviewing the materials ahead of time will
assist you in planning out your time commitment to this course.