100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FPC Chapter 2 Questions & Answers $12.99   Add to cart

Exam (elaborations)

FPC Chapter 2 Questions & Answers

 5 views  0 purchase
  • Course
  • FPC - Fundamental Payroll Certification
  • Institution
  • FPC - Fundamental Payroll Certification

FPC Chapter 2 Questions & Answers A computerized payroll system can help a payroll department accomplish all the following tasks EXCEPT: a. compliance with laws and regulations b. producing timely, accurate paychecks c. record retention d. recognize changes in laws and regulations d. Payr...

[Show more]

Preview 1 out of 4  pages

  • October 18, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FPC - Fundamental Payroll Certification
  • FPC - Fundamental Payroll Certification
avatar-seller
Pogba119
FPC Chapter 2 Questions & Answers
A computerized payroll system can help a payroll department accomplish all the
following tasks EXCEPT:
❑ a. compliance with laws and regulations
❑ b. producing timely, accurate paychecks
❑ c. record retention
❑ d. recognize changes in laws and regulations - answer d. Payroll professionals
must research the constantly changing laws and regulations to ensure the payroll
system remains in compliance.

If you need very rapid response time with minimal lag between
input and output into your computer system, look for:
❑ a. batch processing.
❑ b. remote entry processing.
❑ c. real-time processing.
❑ d. network processing - answer c. In real-time systems, timeliness is critical.
These are interactive systems in which the response time is measured in milliseconds.
This contrasts with batch systems, which have response times measured in hours or
even days.

Name three systems that commonly need to be interfaced with the payroll computer
system. - answer Interfaces may be required between payroll and computer systems
for many other functions within your organization, including the following:
• Human Resources
• Benefits
• Bank checking accounts
• Direct deposit
• Data collection systems
• Time and attendance
• General ledger
• Cost accounting

Name two key advantages of automated interfacing. - answer Some of the
advantages of automated interfacing include the following:
• Data is entered once, reducing labor time
• Less chance of error than with manual systems
• Allows information to be shared on an as-needed basis
• More timely exchange of data between systems
• More accurate data exchange

Name two key advantages of integrated databases. - answer Some of the
advantages of integrated databases are
• Help reduce data integrity issues

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Pogba119. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart