Exam (elaborations)
FPC Ch 2 Quizzes (1)
- Course
- FPC Chapter 2.2 & 2.3
- Institution
- FPC Chapter 2.2 & 2.3
FPC Ch 2 Quizzes (1)
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FPC Ch 2 QuizzesA computerized payroll system can help a payroll department accomplish all of the following
tasks EXCEPT: - ANS-Recognize changes in laws and regulations
If you need very rapid response time with minimal lag between input and output into your
computer system, look for: - ANS-Real-time processing
Name three systems that commonly need to be interfaced with the payroll computer system -
ANS-1. Bank checking accounts
2. HR
3. Direct Deposit
Name 2 key advantages of automated interfacing - ANS-1. Data entered once
2. More accurate data exchange
Name 2 key advantages of integrated databases - ANS-1. Eliminate timing issues
2. Help reduce data integrity issues
Name 2 features found in systems providing employee self-service - ANS-1. Ability to update
personal data
2. Ability to View and print pay statements
The integrity of the data can be verified by: - ANS-Balancing and reconciliations
Checking inputs or outputs against predetermined constraints is called: - ANS-Validity edit
Payroll tax liability accounts should be reconciled at least weekly - ANS-False. They should
occur at least monthly
Every month, all of the following records are reconciled EXCEPT: - ANS-validity edits
Payroll documentation accomplishes all of the following EXCEPT: - ANS-Ensures procedures
are followed
When system-generated totals do not agree to batch control totals, what must occur? -
ANS-Need to find the cause and correct the error
Name one way payroll managers can increase security through stricter internal control of the
payroll staff - ANS-Restrict access to the system
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