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key terms
annual leave awards clock card employee earnings record human resource management leave loading long service leave payroll register payroll tax rate of pay sick leave time sheet
2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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HRM objectives
Motivation to maintain profitability and flexibility for long-term business survival by achieving:
organisational productivity increased quality of work improved quality of working life statutory and legal compliance
2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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HRM activities
Determine rates of pay Maintain employee details Determine employee authorised deductions Develop and enforce appropriate human resource policies Provide advice and information on HR issues
2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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Rates of pay
The reward for labour may be based on: Supply and demand (high-income earners) Award rates
minimum wage rates and conditions set out in a legal document
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2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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Tax computation
Employer must register with ATO as a PAYG withholding entity Must withhold appropriate amount of tax from each employees pay PAYG withheld must be paid at stipulated time to the ATO
2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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Disbursement of payroll
Payment usually from payroll bank account by:
cash cheque electronic bank transfers
Taxes, superannuation and other deductions must be forwarded by stipulated dates to appropriate agency
2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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Payment summaries
Payment summaries (formerly group certificates) Must be completed for each employee Must be issued to employee by 14th day after financial year end Must be issued 14 days after termination if requested by employee
2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye Watson.
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