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7 th Annual TN Statewide Payroll Conference – Memphis, TN. It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter, CPP. Exam Notes. Candidates testing Sept 13, 2014 through Oct 11, 2014 will be tested on Federal laws in effect on Jan 1, 2014
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7th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter, CPP
Exam Notes Candidates testing Sept 13, 2014 through Oct 11, 2014 will be tested on Federal laws in effect on Jan 1, 2014 Mid-year changes are NOT reflected on either of the exams
FPC • FPC – Fundamental Payroll Certification • Testing payroll basics • Curriculum-based • No experience required • Designed for entry-level payroll staff and peripheral practitioners, such as customer service, system designers, and sales personnel • Three hour test / 150 multiple choice questions • 25 Pre-Test Questions – answer all questions!! • Three-year re-certification period • 60 RCH credit hours required or re-certify by re-examination • *FPC’s who subsequently pass the CPP exam may not re-certify for FPC. At the end of the current FPC certification period, the FPC designation will expire for CPP’s.
FPC Content • FPC Exam Breakdown • Core Payroll Concepts 40 % • Compliance/Research & Resources 20 % • Calculation of the Paycheck 22 % • Payroll Processes & Systems 2 % • Administration & Management 7 % • Audits 5% • Accounting 4%
CPP • CPP – Certified Payroll Professional • Tests application of knowledge; more complex concepts • Curriculum and experience based • Emphasis on higher-level skills, including management and systems. • Designed for seasoned payroll professionals • 190 multiple choice questions • 25 Pre-Test Questions – answer all questions!! • Four hour exam • Five-year re-certification period • 120 re-certification credit hours required or re-certify by re-examination
CPP Content • CPP Exam Breakdown • Core Payroll Concepts 27 % • Compliance/Research & Resources 21 % • Calculation of the Paycheck 20 % • Payroll Processes & Systems 9 % • Administration & Management 10 % • Audits 7 % • Accounting 6%
Eligibility for CPP • Must be practicing payroll a total of 3 (three) out of the 5 (five) years preceding the exam. • “Verification of Application” - immediate supervisor must verify experience or former payroll supervisor if not currently in payroll. • Payroll Production • Payroll Reporting • Payroll Accounting • Payroll Administration • Payroll Education/Consulting with previous experience in payroll production or administration
PROMISSOR • A leading provider of assessment services to regulatory agencies and national associations, providing licensing, credentialing, and support services to associations, state agencies, and private industry. • Promissor • Certification Examination for Payroll Professionals • PO Box 13785-3785 • (800) 470-8757
Testing System - Omega • Omega – Online Multimedia Environment for Global Assessment • PC interactive software • Point & click • Tutorial • Mark questions for review • Immediate score • Time limit begins when PC is activated
Why Become Certified / What’s In It for Me? Recognition Relationships Opportunities Money Employer Education Competence Confidence Certification
Exam Fees • CPP Exam Fee - $340 • Includes CPP Pin upon Passing • FPC Exam Fee - $275 • Includes FPC Pin upon Passing • Advance registration • Online – Faster, more convenient, instant confirmation • By phone (800) 470-8757 • By fax (888) 204-6291
Important Information • Multitude of PROMISSOR testing centers across the US • Fall Testing Window Sept 13 – Oct 11, 2014 • Passing Score • Raw Score • Scaled Score
How to Prepare • Join a local study group – in person or on-line • Take a KAC test – Knowledge Assessment Calculator • On demand FREE Webinar – Prepare yourself for the CPP and FPC exams – product code 14CER01R • No one study source should be used • The Payroll Source, PayTrain; RIA’s Payroll Guide • APA’s Payroll Practice Fundamentals • BNA’s Payroll Administration Guide • IRS’s Circular E, Employers Tax Guide (Pub. 15) • IRS’s Employers’ Supplemental Tax Guide (Pub. 15-A) • APA’s CPP/FPC Boot Camp Series • Study partners • Take practice exams • Start studying today!
KAC – Knowledge Assessment Calculator • "The KAC program is a very powerful and useful tool. Assessments can be used to validate a new hire’s payroll knowledge, or to develop a training plan for current payroll staff. The instant feedback to the individual and the manager (when purchasing group assessments) provides a better understanding of where the learning opportunities are in a very professional and confidential manner.” - Brad Patterson, CPP Director, Payroll Services, Nationwide Insurance Company,Columbus, OH How Knowledge Adds Up!!!!
Boot Camp • APA Sponsored Programs • CPP Boot Camp • FPC Boot Camp • (20) 2-hour virtual sessions • APA instructor led • Pre & Post assessment using the KAC • Year long access to PayTrain – APA Online Learning system • Pass the First Time Guarantee • More Information and details – www.americanpayroll.org
Study Styles Individual versus Study Groups Theory versus Practice Slow-paced versus Fast-paced Every source versus Selective sources Paper versus Online
I’ve Reviewed the Study Styles – What’s Next? Identify your approach to studying Create a study plan Talk to your employer & family about the support you need Obtain your materials Study! Study! Study!
What to Bring to Exam • Government issued ID with photo • Driver’s License • Passport • Military ID • Confirmation Number • Proof of Name Change if Applicable • Battery operated hand held calculator w/ extra batteries • DO NOT BE LATE!!! Good idea to drive to the testing center in advance to be sure of location and parking facilities. • YOU WILL NOT BE ADMITTED IF YOU ARE LATE and will forfeit your application fee.
Testing Tips • Locate testing center prior to exam day • Plan to arrive 30 minutes early! • Be well rested on exam day • Last minute cramming will increase anxiety • Practice with your calculator prior to exam • Be aware of remaining time during exam (on-line testing system allows you to track time) • Answer those questions that you feel sure about first • Group calculation questions together • Go back an answer questions “marked for review” • Do not leave blanks on the exam
Practice Test • Practice Test • Questions
Reminder – CPP’s & FPC’s generally earn higher wages! • Are You Ready to Pocket More Cash? • Study Hard and Reap Amazing Rewards!
Payroll – “Always on My Mind”! Please complete your Evaluation form. On behalf of the TSWB (and of course Elvis) Good luck on your exam!