1 / 20

HR / Payroll Cycle

HR / Payroll Cycle. ATG 383 - Spring 2002. Overview. Operation of Payroll System Risks and Controls for Payroll System Accounting for Human Resources. Simplified Payroll System. Payroll Inputs for Process 1.0. Employees Various agencies HRM

mili
Download Presentation

HR / Payroll Cycle

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. HR / Payroll Cycle ATG 383 - Spring 2002

  2. Overview • Operation of Payroll System • Risks and Controls for Payroll System • Accounting for Human Resources

  3. Simplified Payroll System

  4. Payroll Inputs for Process 1.0 • Employees • Various agencies • HRM • Why are some payroll related functions located in HRM department?

  5. Payroll Inputs for Process 2.0 • Revenue Cycle • Various Departments or Employees • Who is responsible for reviewing and editing payroll input?

  6. Payroll Outputs for Process 4.0 • Bank • Special Payroll Account • Employees • How to disburse funds? • G.L. System

  7. Payroll Outputs for Process 5.0 • G.L. System • Various Agencies

  8. Not shown on DFD – Still part of payroll process • Answer inquiries about payroll • Issue reports on payroll activities • Internal use: management and cost accounting • External use: employees and government • Independent reconciliation of payroll account.

  9. Payroll Cycle Risks and Threats

  10. Threats Primarily Addressed by HRM • Hiring unqualified employees • Violation of employment law • Inappropriate incentive compensation

  11. Threats the Payroll System Can Address • Unauthorized changes to payroll master file • Inaccurate time data • What if employee X clocks in for employee Y?

  12. Threats the Payroll System Can Address • Inaccurate payroll processing • Theft or fraudulent distribution of paychecks

  13. Threats the Payroll System Can Address • Loss or unauthorized disclosure of data

  14. Outsourcing Payroll Processing • Many companies use an outside service bureau for payroll • Benefits? • Risks?

  15. Accounting for Human Resources

  16. Example of HRM SystemSource: http://www.harmony-solutions.com.au/overview2.htm

  17. Core HRM System • Biographical data • Name, address, employee id. • Service history. • Competencies. • Establishment (Position) Data • Position title. • Requirements. • Position occupancy • History

  18. Recruitment Module • Administer advertising of vacant positions • Generate advices to applicants • Archive unsuccessful applicant records • Administer EEO incident claims

  19. Competency Management • Assemble and analyze corporate training needs • Identify corporate and individuals' skills deficits • Match competencies to position, project, and workforce requirements • Identify training strategies which impact on employee performance

  20. Performance Appraisal • Administer employee performance plans and appraisals • Ensure that performance appraisals and plans are conducted on schedule • Record performance assessments and decisions concerning employee performance • Record employee comments concerning their performance assessments

More Related