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Chapter 14—The Human Resources Process (HR) Management and Payroll ProcessesTRUE/FALSE1. A job time record is the source document used in the payroll system to determine the hours for which an employee should be paid.ANS: F2. Attendance time records reflect the start and stop times on specific jobs to allow the distribution of payroll costs to jobs in process (or to other accounts).ANS: F3. Attendance time records show the time periods that employees are in attendance site and available for work.ANS: T4. The checking account is a general ledger account that should show a zero balance after both the debit for gross pay earned by workers and the credit for gross pay distributed to jobs have been posted to theaccount.ANS: F5. An imprest payroll bank account is one to which cash transfers are made in an amount exactly equal tothe total net pay for the period.ANS: T6. Human capital management is the process of managing how people are hired, developed, assigned, motivated and retained.ANS: T7. The human capital management process is an interacting structure of people equipment, methods, and controls that supports the decision needs of the HR departmentANS: F8. The payroll process maintains data for payroll taxes, fringe benefits, attendance reporting, timekeeping, and paying employees for work performed.ANS: T9. The manager of safety, health, and human services usually reports to the controller.ANS: F10. The manager of employee and industrial relations helps to settle employee complaints and grievances.ANS: T11. The manager of safety, health and human services has key functions that include plans and forecasts ofan organization’s short term and long term HR needs.ANS: F12. Systems that allow employees to access personal as well as business related information and functions are known as self service systems.ANS: T13. As shown in the “computer” column of the HR flowchart, process inputs are actions taken by departmental managers or supervisors that are captured on various online forms (enterprise system screens).ANS: F14. According to the HRM flowchart, the employee/payroll data is stored in the enterprise database.ANS: T15. The skills inventory data maintains data concerning an organization’s short term and long term staffingrequirements.ANS: F16. The labor force planning data catalogs each employee’s set of relative skills.ANS: F17. Internal audit usually reports to the controller.ANS: F18. The chief financial officer usually has direct supervision of the treasurer, controller, and internal audit.ANS: T19. The GL supervisor usually reports to the treasurer.ANS: F20. Business tax deposits are made directly to the IRS.ANS: F21. Attendance time records show the time periods that employees are working on specific jobs.ANS: F22. Job time records reflect the start and stop times on specific jobs.ANS: T23. The trigger for the payroll process “pay employees” is the payroll register.ANS: F24. The data flow between “prepare paychecks” and “prepare disbursement voucher” is the payroll register.ANS: T25. The employee/payroll master data is the central repository of data about people who work for the organization.ANS: T26. The employee wage and tax statement is known as a W-4.ANS: F27. Annuities, pensions, and retirement pay are reported on Form 1099-P.ANS: F28. Wages taxable under FICA are reported on Form 941.ANS: T29. An electronic time management system is a computer based system that captures, stores, and reports time.ANS: T30. A company that specializes in rendering payroll services to client companies for a fee is a payroll service bureau.ANS: T31. For good internal control, there should be a segregation of duties between personnel data creation/modification, payroll preparation, and disbursement of the checks.ANS: T32. The control plan “use an imprest bank account” entails having paychecks distributed to employees by an entity not otherwise involved in payroll processing.ANS: F33. In a imprest system, the bank account is reimbursed for the exact amount of the disbursements made from the fund, rather than being reimbursed for round amounts.ANS: T34. A payroll clearing account is used to transfer the exact amount necessary to cover payroll checks and related expenses.ANS: T35. One of the control goals of the operations process is to ensure the security of operations.ANS: FMULTIPLE CHOICE1. The process of preparing paychecks for hourly employees is triggered by which of the following data flows?a. validated attendance time cardsb. job time ticketsc. a temporal eventd. employee paychecksANS: A2. Information for distributing labor charges to jobs, departments, or other accounts comes primarily from:a. attendance time cardsb. job time ticketsc. a temporal eventd. employee paychecksANS: B3. In a payroll system logical DFD, all of the following processes likely would provide updates to the general ledger except for:a. reconcile hours workedb. distribute labor costsc. pay employeesd. accrue employer taxesANS: A4. The control plan independent reconciliation of payroll bank account is directed primarily at achieving which of the following control goals?a. Provide employees with timely pay checks.b. Ensure efficient employment of resources.c. Ensure security of resources.d. Ensure validity, completeness and accuracy of time card inputs.ANS: C5. Which of the following activities related to payroll is not an effective control plan?a. Paychecks should be drawn on an imprest payroll bank account.b. Approve imprest clearing check.c. Approve attendance time data and job time data.d. After their preparation, paychecks should be delivered directly to the employees' supervisors for distribution to the employees.ANS: D6. According to the text, what is the process of managing how people are hired, developed, assigned, motivated and retained that presumes that employees are a strategic investment?a. organizational managementb. personnel managementc. human capital managementd. none of the aboveANS: C7. Which of the following began with the handling of payroll, personnel administration, and later added the functions of recruiting and employee relations?a. strategic managementb. personnel managementc. human capital managementd. none of the aboveANS: B8. Which of the following recognized the importance of personnel in achieving organizational objectives,but viewed personnel as something that could be controlled?a. human resource managementb. personnel managementc. human capital


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UMD BMGT 326 - Chapter 14

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