Design a system of controls over payroll

Assignment Help Accounting Basics
Reference no: EM132607787

Question -

a) Describe the general roles of the current employees. How many are assigned to production or service delivery? How many are assigned to management and administrative positions other than accounting? How many (if any) are assigned to accounting roles, and what are those roles?

b) Design a system of controls over payroll. In an organization such as this, you will typically have a weekly payroll for employees paid on an hourly basis and a biweekly payroll for employees paid on a salary. Your system must be appropriate to the size of your organization and the number of employees assigned to accounting?

Reference no: EM132607787

Questions Cloud

Describe the topic usability evaluation : Software design engineers use different data gathering techniques for establishing requirements. Requirements come in many different forms and levels.
What amount would be recorded as depreciation expense : If the company uses straight-line depreciation, what amount would be recorded as depreciation expense each year, beginning with the third year
Calculate the material-handling costs allocated to one lens : Calculate the material-handling costs allocated to one lens under a costing system that allocates overhead on the basis of direct labour hours.
How you would test for various devices : When the World Wide Web was new, and HTML was in its earliest stages, developing a Website was relatively straightforward. Some of the biggest concerns were.
Design a system of controls over payroll : Design a system of controls over payroll. In an organization such as this, you will typically have a weekly payroll for employees
Concept of financial fragility : What does the concept of "financial fragility" refer to? What is relevance of financial fragility to those who experience it, as well as to society at large?
Explain what changes are necessary to your current site : In a short document, explain what changes are necessary to your current site to make it usable as a mobile Website. For your Final Deliverable you will need to.
Estimate the overhead cost of a doodad : Estimate the overhead cost of a doodad, which is produced using 3 machine hours in the moulding department and 5 labour hours in the assembly department.
Determine position of the shell and its resultant velocity : A shell leaves a mortar with a muzzle velocity of 150 m/s directed upward at 60° with the horizontal. Determine the position of the shell and its resultant

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entry to record the change in accounting principle

Wertz Corporation decided at the beginning of 2010 to change from the completed-contract method to the percentage-of-completion method for financial reporting purposes.

  What conclusions can you make about the company based on

at the beginning of the month of december toler industries had the following balances in its trialbalanceaccount

  Compute fast delivery depreciation

Compute Fast Delivery's depreciation for the first two years on the plane using the following methods: Straight-line and Units-of-production

  How many trees should you stock through the holiday season

Assume that the demand follows a uniform distribution ~U(50,400). How many trees should you stock through the holiday season

  Analyze and indicate the each transaction

Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing.

  Prepare the cash budget for the second quarter

Go Blue's excellent record in account receivable is expected to continue, with 60 percent of the billings collected in the month of the sales and the remaining 40 percent collected two months after the sales.

  Prepare a statement of retained earnings as of december

Aug.20 The board decided to split the stock 4-for -1 effective on September 1. Prepare a statement of retained earnings as of December 31 of the current year

  What is the interest rate ford is paying on borrowed funds

Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150.

  How can the conflict best be resolved

Corporate executives are pressured between conflicting interests of internal and external stakeholders. Provide a specific example of such a conflict. How can the conflict best be resolved?

  Production activities deduction

What is Sheldon's AMT? What minimum tax credit does Sheldon obtain in the current year? In what year(s) can Sheldon use it?

  Prepare the journal entries necessary to adjust the accounts

A check for $1,920.00 returned with the statement was recorded incorrectly in the check register as $1,380.00. The check was for a cash purchase of merchandise.

  Discuss the predetermined overhead rate

Actual indirect costs are $600,000 and actual labour hours are 504,000. The predetermined overhead rate.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd