Establish the payroll requirements for an organisation: describe the scope of payroll services that a business activity statement (BAS) agent can provide identify need for independent expert advice apply knowledge of legislation in relation to National Employment Standards apply knowledge of legislative requirements in regard to payroll payments identify the state and modern awards, and employment agreements, regarding details to be set up in the payroll system

Q: discuss in brief the different accounting branches with their major objectives

A: Introduction:- Branches of accounting classified into more than 10 types but The following three…

Q: w does a company determine if it should use an ABO, PBO, or VBO calculation? Is the determination…

A: ABO The estimated amount of a company's pension plan commitment at any one time is known as the…

Q: What is the departmental accounting system

A: solution concept department in an organization There are various departments in an organization for…

Q: How would you go about detecting and preventing Payroll and Expense Reimbursement Schemes ?

A: Prevention of Payroll and Expenses Reimbursement Scheme There are many ways the frauds which are…

Q: Explain audit for payroll

A: Transaction in statement  of profit and loss is been audited by performing substantive analytical…

Q: A company's disclosures regarding contracts should include reconciliation of the opening and…

A: Contract is a verbal or written agreement, particularly one concerning work, deals, or occupancy…

Q: describe the substantive audit procedures you will perform on  a) payroll transactions in the…

A: Substantive audit procedures, also known as substantive testing or substantive analytical…

Q: of which of the following key assertions? ● Occurrence, completeness, and valuation O Occurrence,…

A: There are many transactions and various type of assertions that are used in the audit in order to…

Q: Describe the Bureau of Internal Revenue.

A: Bureau of Internal Revenue is an institution which acts as an agent to the Finance department and…

Q: Describe the uses of payroll register in business.

A:

Q: Design and perform tests ofdetails of balances for accounts inthe payroll and personnel cycle.

A: Step 1 Identification of transactions and accounts in personnel and payroll cycle.   Initially, the…

Q: What legislation governs government accounting in Trinidad? Discuss.

A: All the accounting is to be done according to the legislation of the respective land. so that the…

Q: How do companies account for and record payroll, and what journal entries do they use ?

A: Payroll Accounting is the branch study of accountancy in which the transactions related to payroll…

Q: Question: What are payroll internal controls? briefly discuss.

A: Internal controls refer to those measures which helps in effective and smooth running of the…

Q: Identify an activity base that could be used to charge user divisions for services for each…

A: Concept Introduction: Activity Based Costing (ABC): ABC costing method is generally used to allocate…

Q: at is the proper way to record an advance to an employee as well as

A: A salary advance is nothing more than a loan that you can give to an employee. The advance is…

Q: Identify accounting arrangements and conventions used by organisations.

A: 1. Accrual Basis of Accounting: This is a method of recording financial transactions that involve…

Q: The body responsible for the registration of all companies ?

A: Given the following question: Which is the body that is responsible for the registration of all…

Q: Which of the following users would be considered an internal user and would use managerial…

A: An internal users of accounts are individuals or entities within the organisation who utilize…

Q: Who fixes the remuneration of the External Auditor? Ministry of Finance Whoever made the appointment…

A: Answer

Q: Discuss the principles and methods of accounting for pensions and other post-employment benefits.…

A: Accounting is a systematic process of identifying, recording, measuring, classifying, summarizing,…

Q: What are the risks prevalent in a payroll system?

A: Payroll system is generally the system used in an organization to manage the salary and wages…

Q: How might a business use a payroll register?

A: Definition:   Payroll register: A schedule that is maintained by the company to record the earnings,…

Q: Which duties should be separated in the payroll cycle?

A: Payroll System:   A payroll system is a system within an organization that is responsible for…

Q: chnical study in institute of freelance

A: Accountants and bookkeepers no longer need to invest heavily in infrastructure. The startup costs…

Q: Account balances for payroll and personnel accounts are designed and tested.

A: Introduction: Identification of transactions and accounts in personnel and payroll cycle. Initially,…

Q: FRS119 Employee Benefits prescribes the accounting and disclosure requirements by employers for…

A: IFRS:   IFRS stands for International Financial Reporting Standards. These accounting standards are…

Q: describe the substantive sufit procedures you will be performing on  a) the payroll balances b)…

A: Substantive audit procedures, also known as substantive testing or substantive analytical…

Q: Describe the organization of public accounting firms and identify the variousservices that they…

A: A small business might use a public accounting firm to prepare the monthly or quarterly financial…