tailieunhanh - Lecture Accounting information systems - Chapter 15: The human resources management and payroll cycle

This chapter describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle; discuss the key decisions to be made in the HRM/payroll cycle and identify the information needed to make those decisions; identify the major threats in the HRM/payroll cycle and evaluate the adequacy of various internal control procedures for dealing with them. | Chapter 15 The Human Resources Management and Payroll Cycle Copyright © 2012 Pearson Education 15-1 Learning Objectives Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle. Discuss the key decisions to be made in the HRM/payroll cycle and identify the information needed to make those decisions. Identify the major threats in the HRM/payroll cycle and evaluate the adequacy of various internal control procedures for dealing with them. Copyright © 2012 Pearson Education 15-2 HRM and Payroll Cycle Copyright © 2012 Pearson Education 15-3 HRM and Payroll Cycle Managing Employees: Recruiting and hiring new employees Training Job assignment Compensation Performance evaluation Discharge of employees due to voluntary or involuntary termination Copyright © 2012 Pearson Education 15-4 HRM and Payroll Cycle Activities Update master data Validate time and attendance Prepare payroll Distribute payroll . | Chapter 15 The Human Resources Management and Payroll Cycle Copyright © 2012 Pearson Education 15-1 Learning Objectives Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle. Discuss the key decisions to be made in the HRM/payroll cycle and identify the information needed to make those decisions. Identify the major threats in the HRM/payroll cycle and evaluate the adequacy of various internal control procedures for dealing with them. Copyright © 2012 Pearson Education 15-2 HRM and Payroll Cycle Copyright © 2012 Pearson Education 15-3 HRM and Payroll Cycle Managing Employees: Recruiting and hiring new employees Training Job assignment Compensation Performance evaluation Discharge of employees due to voluntary or involuntary termination Copyright © 2012 Pearson Education 15-4 HRM and Payroll Cycle Activities Update master data Validate time and attendance Prepare payroll Distribute payroll Disburse taxes and miscellaneous deductions Copyright © 2012 Pearson Education 15-5 HRM and Payroll General Threats Inaccurate or invalid master data Unauthorized disclosure of sensitive information Loss or destruction of data Hiring unqualified or larcenous employees Violations of employment laws Copyright © 2012 Pearson Education 15-6 HRM and Payroll General Controls Data processing integrity controls Restriction of access to master data Review of all changes to master data Access controls Encryption Backup and disaster recovery procedures Sound hiring procedures, including verification of job applicants’ credentials, skills, references, and employment history Criminal background investigation checks of all applicants for finance-related positions Thorough documentation of hiring, performance evaluation, and dismissal procedures Copyright © 2012 Pearson Education 15-7 Update Master File Threats Unauthorized changes to payroll master data Inaccurate updating of payroll master data .