ACTG 124 - Payroll Accounting Applications

Credit(s): 3

This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms and journal and general ledger transactions. Emphasis is placed on using software applications for calculation of wages, social security, income and unemployment taxes, generating appropriate payroll tax forms and reports, and journalizing/posting transactions. (Spring Semester)

Course Learning Outcomes: Upon completion of the course, students will be able to

Analyze payroll data.
Input payroll data into commonly used accounting software applications: QuickBooks and/or Peachtree.
Generate payroll reports.
Generate all appropriate payroll forms for employees and employers.
Construct accounting entries.