PAYROLL ACCOUNTING 2019
19th Edition
ISBN: 9780357323304
Author: BIEG
Publisher: CENGAGE L
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Chapter 1, Problem 1CP
To determine
State the action that must be taken by the company on the Person K for refusing to return the four checks.
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Ken, a salaried employee, was terminated from his company in April of this year. Business had been slow since the beginning of the year, and each of the operating plants had laid off workers. Ken’s dismissal was processed through the Human Resources Department, but the information was not relayed to the corporate payroll office. As had been the policy, checks for workers at remote sites were mailed to the employees. The mailing of Ken’s checks continued for the next four weekly paydays. It wasn’t until the monthly payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks.
Questions to be Answered: 1) What actions should the company take, if any, against Ken?
2) What actions should the company take internally to ensure a situation like this does not happen again?
TJ, a salaried employee, was terminated from the company in June of this year. Business had been slow since the beginning of this year, and each of the operating divisions had laid off employees.
TJ's dismissal was processed through the Human Resources Department, but the information was not relayed to the corporate payroll office.
As had been the policy, checks for the workers at remote sites were mailed (or directly deposited) to the employees. The mailing of TJ's checks continued for the next four weekly paydays. It wasn't until the monthly payroll reports were sent to TJ's supervisor that the error was detected.
TJ refused to return the four extra checks. What action should the company take?
A. AdamSmith worked in the stockyard of a large building supply One day heunexpectedly and without notice left for California never to return. His foreman seized the opportunity to continue to submit time cards for Adam to the payroll department. Each week, as part of his normal duties, the foreman received the employee paychecks from payroll and distributed them to the workers on his shift. Since Adam Smith was not present to collect his paycheck, the foreman forged Adam’s name and cashed it.
Required:
Describe two control techniques to prevent or detect this fraud scheme.
B. Gaboner Co. maintains a large fleet of automobiles, trucks, and vans for use by their service and sales force. Supervisors in the various departments maintain the fixed asset records for these vehicles, including routine maintenance, repairs, and mileage information. This information is periodically submitted to the fixed asset department, which uses it to calculate depreciation on the vehicle
To assure a…
Chapter 1 Solutions
PAYROLL ACCOUNTING 2019
Ch. 1 - Prob. 1MQCh. 1 - Prob. 1QRCh. 1 - Prob. 2QRCh. 1 - Prob. 3QRCh. 1 - Prob. 4QRCh. 1 - Prob. 5QRCh. 1 - Prob. 6QRCh. 1 - Prob. 7QRCh. 1 - Prob. 8QRCh. 1 - Prob. 9QR
Ch. 1 - Prob. 10QRCh. 1 - Prob. 11QRCh. 1 - Prob. 12QRCh. 1 - Prob. 13QRCh. 1 - Prob. 14QRCh. 1 - Prob. 15QRCh. 1 - Prob. 16QRCh. 1 - Prob. 17QRCh. 1 - Prob. 18QRCh. 1 - Prob. 19QRCh. 1 - Prob. 20QRCh. 1 - Prob. 1QDCh. 1 - Prob. 2QDCh. 1 - In staffing their offices, some firms encourage...Ch. 1 - The main office of a large bank has an annual...Ch. 1 - Prob. 5QDCh. 1 - Prob. 1CP
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