Education & Certification

Title

FPC Exam Content Outline

Effective through September 13, 2019: FPC Knowledge, Skills, and Abilities (KSAs)

Effective starting September 14, 2019: FPC Knowledge, Skills, and Abilities (KSAs)

The below Content Outline is effective through September 13, 2019:

I Core Payroll Concepts 40%

  • Worker Status
  • Fair Labor Standards Act
  • Employment Taxes
  • Employee Benefits
  • Employee / Employer Forms
  • Professional Responsibility
  • Methods and Timing of Pay

II Compliance / Research and Resources 20%

  • Escheatment
  • Regulatory - Maintain Compliance and Accuracy of Payroll Processing
  • Reporting
  • Record Retention
  • Penalties

III Calculation of the Paycheck 22%

  • Compensation/Benefits
  • Involuntary Deductions / Taxes
  • Voluntary Deductions (pre and post tax)
  • Employer Taxes and Contributions
  • Net Pay

IV Payroll Process and Supporting Systems and Administration 2%

  • Maintain master file components
  • Concepts and Functionalities
  • Disaster Recovery Plan

V Payroll Administration and Management 7%

  • Policies and Procedures (e.g., overtime, benefits, leave)
  • Management Skills and Practices
  • Communication / Customer Service

VI Audits 5%

  • Internal Controls
  • Payroll System Controls
  • Accounting Systems Controls
  • Audit Policies and Procedures

VII Accounting 4%

  • Accounting Principles
  • General Ledger Account Classification
  • Payroll Journal Entry
  • Account Reconciliation