Jul 21, 2024  
2024-2025 Course Catalog 
2024-2025 Course Catalog
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ACC 165 - Payroll Certification Review

Credits: 2
Lecture Hours: 2
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Voc/Tech
Covers fundamental payroll calculations and applications. Provides students with the basic knowledge and skills required to prepare for the Fundamental Payroll Certification (FPC) exam administered by the American Payroll Association. Recommended for payroll professionals.
  1. Analyze core payroll concepts
    1. Understand worker status and backup withholding requirements
    2. Apply Fair labor Standards Act
    3. Define and calculate employment taxes
    4. Discuss employee benefits
    5. Understand mandatory employee/employer forms
  2. Perform payroll calculations
    1. Compute regular and overtime pay
    2. Calculate gross pay
    3. Compute federal income tax
    4. Calculate social security and Medicare taxes
    5. Understand and calculate involuntary deductions
  3. Interpret fringe benefits
    1. Discuss fringe benefit rules and IRS regulations impacting payroll
    2. Explain nontaxable benefits
    3. Define employer-provided benefits
    4. Know other payments impacting net pay
    5. Define cafeteria plans and IRC Section 125 components and elections
    6. Identify retirement plan options
  4. Prepare payroll reporting and employment taxes
    1. Maintain master file components
    2. Complete Form 941 and Form 941c
    3. Complete W-2, W-3, W-2c forms
    4. Compute Federal Unemployment Tax
    5. Complete Form 1099 and other annual returns as necessary
    6. Know Form 843 purpose and reporting/filing requirements
  5. Perform record keeping and payroll practices
    1. Describe payment of employee methods
    2. Discuss payroll practices and processing
    3. Demonstrate record keeping skills according to regulations
    4. Describe payroll system processes with related controls
    5. Calculate penalties for late reporting under DOL and IRS
  6. Implement payroll accounting procedures
    1. Define accounting terminology
    2. Exemplify double-entry accounting for payroll
    3. Complete payroll journal entries
    4. Discuss internal controls for payroll department functions
  7. Administrate effective payroll policies and procedures
    1. Define customer service
    2. Describe effective communication
    3. Identify techniques used within time management

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