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The Human Resources Management and Payroll Cycle Chapter 15 Copyright © 2015 Pearson Education, Inc. 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 © 2015 Pearson Education, Inc. 15-2 Human Resource Management Process • Recruit and hire new employees • Training • Job assignment • Compensation (payroll) • Performance evaluation • Discharge of employees (voluntary or involuntary) Copyright © 2015 Pearson Education, Inc. 15-3 Payroll Cycle Activities • Update payroll master data • Validate time and attendance data ▫ Source document: time sheets • Prepare payroll ▫ Payroll register and deduction register • Disburse payroll • Disburse taxes and miscellaneous deductions Copyright © 2015 Pearson Education, Inc. 15-4
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