Education & Certification

Title

FPC Exam Content Outline

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

I Core Payroll Concepts 29%

  • 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 17%

  • Escheatment
  • Legislative and Regulatory Requirements
  • Reporting
  • Record Retention
  • Penalties
  • Global

III Calculation of the Paycheck 24%

  • Compensation / Benefits
  • Fringe Benefits
  • Involuntary Deductions / Taxes
  • Voluntary Deductions
  • Employer Taxes and Contributions
  • Total Payroll

IV Payroll Process and Supporting Systems and Administration 7%

  • Maintain master file components
  • Concepts and Functionalities
  • Business Continuity Plan

V Payroll Administration and Management 7%

  • Policies and Procedures
  • Intradepartmental Agreements
  • Customer Service and Communication

VI Audits 8%

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

VII Accounting 8%

  • Financial Reporting
  • Accounting Principles
  • Payroll Journal Entry
  • Account Reconciliation