Course

Course Summary
Credit Type:
Course
ACE ID:
APAE-0005
Organization's ID:
FPC Boot Camp
Organization:
Length:
12 weeks (24 Hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 payroll accounting
Lower-Division Baccalaureate 1 management
Description

Objective:

The course objective is to provide a detailed and solid payroll foundation and to prepare students to demonstrate their knowledge by passing the FPC exam.

Learning Outcomes:

  • explain and apply core payroll concepts
  • analyze and execute the laws and regulations that affect payroll
  • complete fundamental paycheck calculations and record in a manual or automated system
  • apply taxation concepts, complete and file IRS Forms W-2, W-3, 941, and Schedule B manually or via electronic transmission
  • analyze employer-provided benefits and complete payroll transactions including verifying what is taxable and subject to reporting
  • complete and review record keeping and journal entries related to payroll transactions
  • employ internal control and audit readiness applications including reconciliations and safeguarding of information
  • recognize and implement effective customer service, communication, and time management procedures

General Topics:

  • Employee/independent contractor
  • Fair labor standards
  • Employment forms
  • Calculation
  • Fringe benefit rules
  • Nontaxable benefits
  • Employer-provided benefits
  • Other payments
  • Cafeteria plans
  • Retirement plans
  • Tax deposits
  • Quarterly returns
  • Annual returns
  • Correcting returns
  • Other reporting requirements
  • Payment methods
  • Payroll practices
  • Record keeping
  • Systems
  • Penalties
  • Accounting terminology
  • Account classification
  • Journal entries
  • Reconciliations
  • Internal controls
  • Customer service
  • Communications
  • Time management
Instruction & Assessment

Instructional Strategies:

  • Computer Based Training
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

80%
Supplemental Materials