FACULTY OF BUSINESS AND ACCOUNTANCY CIA 2002 : ACCOUNTING INFORMATION SYSTEM Semester 1, 2016/2017 Assignment: Case Study 15.1 Research Report: HRM/Payroll Opportunities for CPAs Lecturer: Dr. Noor Akma binti Mohd Salleh Prepared by : Low Wei Keat CEA150075 Nadiah Abdullah CEA150091 Nur Atiqah Ramli CEA150101 1.0 Summary Executive The assignment consists of two part which are Part A and Part B. Part A is explain more about Human Resources Management (HRM)/payroll cycle. Part B is explaining more about the CPA that provides payroll and HR services and their types of services that they serve to their clients. Basically,for Part A,it is explain the definition of payroll processing services and human resources services. Moreover,this …show more content…
Payroll administration Payroll administration encompasses all the tasks involved in paying an organization’s employees. It typically involves keeping track of hours worked and ensuring that employees receive the appropriate salary. It also includes calculating taxes. The specific tasks involved in payroll administration tend to vary according to the needs of each company. For example, some companies have workers that receive commissions in addition to salaries. For these companies, commission is a part of payroll administration. b. Benefits administration Benefits administration is the process of establishing, maintaining, and managing benefits for the employees of an organization. Employee benefits typically include medical insurance, pension plans, individual retirement accounts, vacation time, sick time and maternity leave. c. Human resource consulting Human Resources Consultant provide a human capital solution to employers to improve the employee and organizational performance. They provide a technical expertise, and bring a different point of view to a project. Besides, they also can lend credibility to projects and recommendations because of their …show more content…
The expertise of professionals These individuals specialize in the complexities of payroll taxes and compliances with government regulation at the same time. For the payroll services provided by the BDO,the main features of the payroll and treasury services are as follow: a. Flexibility Flexibility is the most important features in its payroll and treasury services. BDO Malaysia provides the flexibility to generate reports and analysis by division, department, pay group or category. The systems of BDO Malaysia can handle multiple rates, pay modes and deductions made in the payroll. BDO Malaysia also able to provide E-payslips to employees, which allowing them to access and self-print their payslips. b. Security Dedicated personnel are assigned to each client of BDO Malaysia. They also employ comprehensive physical and technological measures to secure the privacy of all confidential information of their clients and their staff. c. Local compliances BDO Malaysia will ensure that their clients are updated with the latest regulatory requirements and ensure records and fillings are in compliances. d. Technology BDO Malaysia’s payroll system run on dedicated servers which support their E-portal capability using client employee-specific logon credentials. All communications with the server are encrypted and
Do we have a backup power system for our offices? Protection of customer personal information (in addition to security measures stated elsewhere in this audit checklist) 54. Do we only giving access to personal information to a person who is verified to be able to receive that information? 55.
Moreover, management should conduct privacy protocol training, so everyone is on the same page. The policy needs to state clearly the company’s rules about protecting customer’s personal data. Also, staff needs to know that there will be monitoring of phone calls and well as computer activity and emphasizes that per Muhl, (2003) “an employee’s personal use of an employer’s e-mail system and Internet access is not protected under the law.” Hence, organizations can encounter legal troubles due the inappropriate use of the system. The privacy of customer is important, and it needs protection.
Possible managers may interact with software as well in case possible changes are required. The business units that will be involved with the solution are the accounting department who handle the financial aspects of the project, possible IT department who manage the technology solution and most importantly the managers of Berlasco Court who handle daily operation. Redesigning the following business processes will provide benefits this can be
They also handle all aspects of information security. This includes teaching others about computer security, inspecting for security violations,
The loss of jobs arising from automation, urban disinvestment, capital flight, and changing population patterns was especially devastating for black workers—and the speakers at the March on Washington for Jobs and Freedom emphasized the point. For example, Randolph denounced “profits geared to automation” that “destroy the jobs of millions of workers,” and called for measures to address unemployment, raise the minimum wage, and increase federal aid to education. People didn’t have enough money to eat food and afford family before the march. After the march, "The Civil Rights Act of 1964 promised to lower discriminatory barriers to employment, but it did not address one of the major demands of the March on Washington: job creation.
Information that the company has on any service users, staff or other professionals (private contact numbers or information in client files relating to third party) is confidential information and should not be shared with anyone as it comes under the data protection act. All information regarding any staff member or service user that the company has is confidential information and cannot be shared outside of the company unless consent to share by the individual is provided. The company has many procedures that have to be followed in order to keep all this information confidential. Managers have locked cabinets with staff files and information such as contact details, supervision notes and emergency contact details, service users have their files and information stored in lockable cabinets and can only be accessed by staff. All information retaining to employees and service users remains
The most common benefits are paid vacations, sick leave, and some type of retirement plan. There are many other benefits companies can offer. Usually getting a higher paying job the benefits are more and
It provides leadership skills, social skills, and helps build teamwork. You share your dreams and your goals and help each other achieve them and then you’re there for each other on bad days and you take care of each
International Journal of Computer Science Issues (IJCSI)9(6) 460-463 Retrieved from http://ijcsi.org/papers/IJCSI-9-6-2-460-463.pdf 13 Sept. 2016. Goulart, K. (2012) Facing up to cloud challenges. Computer Weekly 9/25/2012/ Retrieved from http://www.computerweekly.com/microscope/news/4500253069/On-premise-ERP facing-cloud-challenge 13 Sept. 2016 Kevany, K. (2012). Payroll's great cloud migration.
The Information Security Manager reports in their capacity to the CEO. Company officers, executives, directors, employees, contractors and third party service providers cooperate and work with the Information Security Manager to ensure the protection of customer’s non-public information and Licensee’s Information Assets. Policies, such as Enterprise Antivirus Program, Network Access, Software Development Security Standards, Physical Security, Vendor Manangmenet Ativirus, Mobile Computing/Remote Access, Inromation Security Risk Assessment, Social Media, Data Loss Prevention, and Secuiryt Incident Response Policies have been implemented to protect customer’s non-public personal information and company Information
David Ward Dr. Powell Principles of Info Systems November 12, 2015 Cloud Project The purpose of this project is to investigate different cloud services that are being offered in today’s marketplace, analyze their different benefits as well as negatives, and pick a company who offers services that suits my business best. Regardless of what website we are looking at, all of the websites are offering the same thing, which is a cloud service. Cloud computing service providers can provide IT services, ranging from storage space all the way to complete applications. This has become a viable service, as these companies have the ability to provide IT services with higher quality and more efficiently than their customers can.
It allows us to receive corrections, feedback, and affirmation appropriately and to develop and exercise our abilities unencumbered by arrogance or self-deprecation.” (Entwistle, 2015). According to Entwistle, the
- Diversity brings a variety of ideas and viewpoints to the organisation especially when creative problem solving is required. - Diversity increases passionate workers and makes work fun and
The individual with have greater confidence and resilience to deal with any problems that occur along the way. Not only does it have benefits to the individual, but also to the organisation. It allows the organisa-tion to gain a better understanding of the individuals goals, strengths and development needs. It helps managers/supervisors develop their own coaching and management skills (which would be part of their own development plan).
Accounting information system has many functions in management and the importance. The most important is with wide-spread automatization can relate to accounting work processing. Accounting software packages have many software programs for supporting book-keeping, reporting, recording economic events or processing. Accounting software packages can support the activity of the enterprise for to update and integrated information system. Besides, the definition of accounting is as a system at the micro level that have process, procedure, rule and activities of an information system that need follow by the success of the enterprise to achieve the goals.