Payroll Accounting Introduction (Udemy.com)

This course prepares the learner with the basic knowledge needed to administer the accounting for payroll.

Created by: Illumeo Learning

Produced in 2017

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What you will learn

  • Define liability and asset accounts for payroll transactions.
  • Identify payroll transactions that should be posted to a liability or asset account.
  • Define debit and credit.
  • Recognize the processes to ensure correct accounting of the payroll.
  • Discover how payroll practices impact the cost of operating a payroll organization.
  • Discover how to prepare payroll journal entries for the general ledger posting.

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Quality Score

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Overall Score : 82 / 100

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Course Description

This course prepares the learner with the basic knowledge needed to administer the accounting for payroll. We start with a brief overview of payroll accounting. We will discuss debits, credits, liabilities, and assets. We then walk through an example of recording journal entries for payroll transactions and accruals for a month. The material taught in this course will enhance the skill-set of the payroll practitioner looking to advance in his/her career.

We review examples of:

General employer payroll liabilities: such as liabilities for employee compensation, liabilities for employee payroll withholdings, and liabilities for employer payroll taxes.
Payroll journal entriesPayroll accrual journal entriesIf you would like Continuing Education Credit (e.
g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Introduction to Payroll Accounting. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an approved-by-the-governing-body CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.
Who this course is for:
Anyone interested in Accounting, Finance, or related fields.

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Instructor Details

Illumeo Learning

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition thateveryone can be an expert at their job.

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Reviews

4.1

62 total reviews

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By Janet Heard on 10/12/2020

yes, it's a good introduction for the core content

By Katrina Lyons on 9/15/2020

The instructor was very knowledgeable. The slides could have had more content especially when she was giving examples for specific scenarios. That would have been more helpful to me.

By Claudia Cortes on 9/15/2020

Great explanation!

By Julie Tarr on 7/20/2020

Someone who is teaching a course in accounting should know the difference between fiscal and physical. This had very little to do with understanding payroll, which was my goal.

By Derrick Peace on 7/16/2020

Very helpful

By Juliet Nwachukwu on 6/6/2020

I wish some of the terms had the definition included in the slide show instead of just in the Glossary. Seeing words with their definitions helps with memory retention.

By Kaja Pack on 5/7/2020

It is a very good course for beginners. Since I know a bit a bout accounting already and did this course for the payroll I would have liked a bigger focus on payroll. I suggest to speed up the playback speed as the instructor speaks very slowly and you can always pause the video if you want to write something down. Also the examples are difficult to follow as she only writes down half the information on the slide and only says the rest. Therefore I was often confused as to where she was getting her information from

By Annika Stanioch on 2/25/2020

Was a little bit hard to follow as i felt the instructor didn't leave much time between concepts to digest information.

By Sherry Peterson on 2/10/2020

The class was informative however, the speaker was extremely monotone and unengaging.

By Ryann Jones on 2/6/2020

please do not waist your time. there are no examples provided at all. a waist of 20 bucks. check out financial accounting instead.

By Kandy Christopher on 11/27/2019

Yes I start from zero, no previous knowledge of accounting is very interesting....good delivering information by the instructor Thank you.

By Anonymized User on 11/25/2019

Very useful, easy to learn/refresh already acquired knowledge.