AUSTIN COMMUNITY COLLEGE

ACCOUNTING DEPARTMENT

COURSE SYLLABUS

PAYROLL and BUSINESS TAX ACCOUNTING – ACNT 1329

(This is now a common course number)

(Formerly ACC 1943)

 

CIP CODE AREA: 52.0301 (Accounting)

COURSE LEVEL: Introductory (Freshman Level)

COURSE NUMBER: ACNT 1329 (Common Course)

COURSE TITLE: Payroll and Business Tax Accounting

CREDIT HOURS: 3; LECTURE HOURS: 2; LAB HOURS: 2

PREREQUISITE: ACNT 1404

METHOD OF PRESENTATION: Two hours lecture/discussion each week and two lab hours each week.

CATALOG DESCRIPTION: ACNT 1329 PAYROLL and BUSINESS TAX ACCOUNTING (3-2-2). Study of payroll tax procedures, taxing entities, and reporting requirements of local state and federal taxing authorities in a manual and computerized environment. Skills R Prerequisites ACNT 1404 (ACC 1943). TEXTBOOKS: IRS, Department of Labor, Texas Workforce Commission and Texas State Comptroller publications.

COURSE REQUIREMENTS: See specific Instructor's First Day Class Handout.

OTHER: _____________________________________________________________________________________

Course Rationale:

The goals and objectives of this course prepare students for (1) obtaining or improving job skills, (2) qualifying for a business or accounting job, (3) achieving job advancement, (4) working as an entrepreneur, (5) completing degree requirements and/or (6) fulfilling personal goals.

Scans Competencies:

Competency must be shown in the following three areas:

1.             Manages time

a.        Uses class and lab time efficiently to accomplish required assignments

b.       Focuses efforts toward accomplishing class-related goals

c.        Prioritizes activities based on deadlines and level of importance

d.       Stays on target with class syllabus and planned lab activities

2.             Uses computers to process information

a.   Uses lab computers and text to acquire and organize financial information for

the completion of lab assignments using QuickBooks software

b.       Analyzes information necessary to complete and accounting cycle and prepare statements using an automated system

c.        Communicates financial information through the processing and production of financial statements

3.             Student exhibits responsibility

                a.  Meets established deadlines for homework and lab assignments

b.       Attends class/lab on a regular basis

c.        Takes exams on time

d.       Seeks assistance from instructor and/or tutors when necessary

e.        Prepares for classes

 

Scholastic Dishonesty:

The following statement on scholastic dishonesty must be included: Acts prohibited by the college for which discipline may be administered include scholastic dishonesty, including but not limited to cheating n an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations, and homework.

Students with Disabilities:

The following statement on students with disabilities must also be included: Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reasonable accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester.

Course Evaluation/Grading System, How to Reach the Instructor, and Course Outline/Calendar:

Refer to the Instructor’s syllabus for this course.

_____________________________________________________________________________________

 

COURSE LEARNING OUTCOMES

Upon successful completion of this course, you should be able to:

LEARNING OBJECTIVES:

Upon successful completion of this course, students will be able to:

·         Distinguish between an employee and a non-employee

·         Apply the Fair Labor Standards Act and other laws effecting payroll operations

·         Understand the types of taxable and non-taxable compensation

·         Describe health, accident and retirement benefits

·         Calculate gross pay for an employee

·         Calculate deductions and net pay for an employee

·         Learn about unemployment compensation

·         Calculate and prepare payroll tax deposits

·         Prepare federal and state quarterly payroll tax reports

·         Record payroll accounting entries

·         Prepare sales tax returns