Process of designing the payroll system

Assignment Help Accounting Basics
Reference no: EM131178446 , Length: word count:2000

Assessment - Establish the payroll system

In response to the scenario provided, you will develop a step-by-step plan to establish a payroll system, develop security procedures, establish control measures, and ensure procedures guarantee substantiation of claims for allowances.

1. Consider the scenario and task provided.

2. Consider the design of a payroll system to cover organisational and legislative requirements.

3. Prepare a planning document in which you outline steps you would take to establish the payroll system. Your plan must include a step-by-step description of review, design, development and implementation. Include:

a. a survey of legal environment

b. the development of policies and procedures (refer specifically to those three developed in steps 4-5 of this procedure.

c. communication/consultation.

4. Write a policy and procedures document to ensure security of employee payroll information. Include reference to relevant legislation.

5. Write a policy and procedures document to ensure substantiation of claims for allowances. Include reference to relevant legislation.

6. Write a policy and procedures document to safeguard organisational resources. Include reference to relevant legislation or standards.

7. Write a one page reflection on the process of designing the payroll system. Describe how both organisational and legislative requirements are met by each step of your proposed plan. Describe how policy and procedures documents are designed to ensure all legislative and organisational requirements.

2000 words

10 references

Attachment:- Assignment.rar

Reference no: EM131178446

Compute the accounts receivable balance

Determine the EOQ before and after the change in the cash discount policy. Translate this into average inventory (in units and dollars) before and after the change in the ca

Cash inflow from selling the old helicopter

What is the cash inflow from selling the old helicopter? What is the net cost of the new helicopter? Calculate the incremental depreciation of the new helicopter

Does one size fits approach work explain your answer

Assignment are required to write a report on the following question:Do you believe that it is appropriate that we have a single, global set of accounting standards as well as

Corporations taxable income after drd

Included in this amount is dividend income of $60,000 from another corporation in which the taxpayer owns 90 percent of its stock outstanding. The corporation's taxable inco

Insurance policy-utility function

What is the highest price that you would be willing to pay for an insurance policy that fully insures you in the event that your house burns down?

Use the details below to aid in entry determination

3. Determine the appropriate journal entries to account for the two hedging relationships for the year ended December 31, 2009. Use the details below to aid in entry determi

Target eps adjusted to acquire fye

Use the following information to answer the question below: Assuming 360 days in a year for simplicity, calculate target EPS adjusted to acquirer FYE in the transaction year

Weighted-average method in its process costing system

Hobart Beverage Company uses the weighted-average method in its process costing system. Materials are included at the start of the production process but conversion costs ar



8/23/2016 2:41:23 AM

Submit all documents required in the specifications to your assessor. Ensure you keep a copy of all work submitted for your records. You must submit: planning document with steps to establish payroll system, three policy and procedures documents referred to in plan and one page reflection. Your assessor will be looking for: literacy skills to write detailed instructions, knowledge of key provisions of relevant legislation from all forms of government, standards, regulations and codes that may affect aspects of business operations, such as: Australian Taxation Office regulations, anti discrimination legislation and ethical principles, superannuation guarantee and knowledge of organisational policies and procedures across the full range of tasks requiredby payroll processes.

Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd