ACCT 221 - Payroll Accounting

Credits: 5
In-depth coverage of payroll calculations, payroll taxes, maintaining proper payroll records and preparing necessary deposits and filings. Includes an Excel-based payroll project. Previously ACCT 121.

Enrollment Requirement: ACCT 111 or ACCT& 201 with a grade of 2.0 or higher.

Course Fee: $10.00

Course Outcomes:
Students who successfully complete this class will be able to:

Compute employee payroll and employer payroll taxes.
Prepare payroll records and reports.
Analyze and journalize payroll transactions in an accounting system.

Program Outcomes

Analyze and record business transactions and activities in accordance with Generally Accepted Accounting Principles.
Perform accounting procedures employed in a typical payroll accounting system including preparation of periodic tax forms and timely remittance of tax payments.
Utilize appropriate technology, including word processing and spreadsheet applications, to input, manage, summarize, and interpret business information and to develop forms and reports to assist management in planning operations, identifying potential problems, and controlling business activities.
Demonstrate critical thinking, analytical and quantitative skills in problem solving, decision making, and responsibility by completing assignments independently and/or as a dependable team member.

College-wide Outcomes

Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
Quantitative and Symbolic Reasoning - Quantitative Reasoning encompasses abilities necessary for a student to become literate in today’s technological world. Quantitative reasoning begins with basic skills and extends to problem solving.