What functional responsibilities are associated with the payroll cycle?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (12 reviews)
The functions in a payroll cycle include Personnel and labor relations hiring and firing ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
What functional responsibilities are associated with the payroll process?
-
What four questions are associated with the accounting for inventory?
-
What sources of risk are associated with the overall economy? What sources are associated with individual issuers of securities? Explain two perspectives of the relationship of risk to time.
-
Describe An Analysis of the relationship between Employee Engagement, Satisfaction, and Organizational Performance at Enterprise Mobility
-
Ronald Armstead worked for First American Bank as a courier. His duties included making deliveries between the bank's branches in Washington, D.C. Armstead parked the bank's station wagon near the...
-
A metal sphere with radius R1 has a charge Q1. Take the electric potential to be zero at an infinite distance from the sphere. (a) What are the electric field and electric potential at the surface of...
-
Recall that simulated squared values from Exercise 2.7 follow F distributions. Use geom_qq and geom_qq_line to plot Q-Q plots of the simulated squared values against the appropriate $\mathrm{F}$...
-
The following selected transactions occurred during 2018 and 2019 for Baltic Importers. The company ends its accounting year on September 30. 2018 Jul. 1 Loaned $16,000 cash to Bud Shyne on a...
-
Tax Optimization Mastery This activity will provide practical insights into tax optimization, demonstrating the importance of the 6 2 5 1 form for individuals with specific income streams and...
-
Mr. Agirich of Aggie Farms is considering the purchase of 100 acres of prime ranch land that is adjacent the ranch he now owns. Mr. Agirich can operate the additional 100 acres with present labor,...
-
Use the computer- based electronic audit documentation on the textbook website to perform a test of the computerized payroll processing program. The electronic audit documentation contains a simple...
-
Which duties should be separated in the payroll cycle?
-
Describe the nature of the following documents and records and explain their use in the sales and collection cycle: bill of lading, sales invoice, credit memo, remittance advice, monthly statement to...
-
Jill has created several successful ad campaigns for a variety of clients, is well - known in the advertising industry for her work, and her clients trust her to make important decisions because of...
-
On 1/1 ABC issued 100,000 shares of 2.00 par stock for $2,000,000 in cash. On 3/1 ABC Prepaid a years worth of rent. The rent is $3,000 per month. During the year - ABC purchased the following...
-
Template Stack Implement a generic stack using templates in C + + . + + . Test the stack with different data types such as integers, doubles, and strings.
-
Due to advanced technology, substitute goods for higher education have seen an increase in demand. Please illustrate this circumstance by constructing a supply and demand graph, showing the direction...
-
content area top Part 1 Consumers may evaluate the amount of effort needed to make a particular choice then tailor the amount of cognitive effort needed to get the job done. This approach most...
-
Sulfur dioxide (SO ) is removed from a smelter gas (which may be considered to have the properties of pure air) containing 0.80 mol% SO 2 by absorption into a solution with the properties of pure...
-
Find the center of mass of a thin triangular plate bounded by the y-axis and the lines y = x and y = 2 - x if (x, y) = 6x + 3y + 3.
-
Heinrich Gladisch, CFA, is estimating the justified forward P/E for Nestle (SIX: NESN), one of the worlds leading nutrition and health companies. Gladisch notes that sales for 2008 were SFr109.9...
-
Which of the following is a preventive control? a. Reconciliation of a bank account. b. Recalculation of a sample of payroll entries by internal auditors. c. Separation of duties between the payroll...
-
In most audits of large entities, control risk assessment contributes to audit efficiency, which means that a. The cost of substantive procedures will exceed the cost of control evaluation work. b....
-
Which of the following is a device designed to help the audit team obtain evidence about the accounting and control activities of an audit client? a. A narrative memorandum describing the control...
-
1) An office building contains 27 floors and has 37 offices on each floor. How many offices are there in the building? (2 points) 2) How many different three-letter initials with none of the letters...
-
The following data (in thousands of dollars) have been taken from the accounting records of Rexman Corporation for the just completed year. Raw materials inventory, beginning $160 Raw materials...
-
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other...
Study smarter with the SolutionInn App