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Exam (elaborations)

FPC Chapter 2 Questions & Answers

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  • Course
  • FPC - Fundamental Payroll Certification
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  • 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...

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  • October 18, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FPC - Fundamental Payroll Certification
  • FPC - Fundamental Payroll Certification
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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

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