7 th annual tn statewide payroll conference – memphis, tn it’s “now or never” to get your...

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7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to It’s “Now or Never” to Get Your CPP/FPC Basic Get Your CPP/FPC Basic Training Training AUGUST 15, 2014 AUGUST 15, 2014 Presented by: Lisa Wachter, Presented by: Lisa Wachter, CPP CPP

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Page 1: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

7th Annual TN Statewide Payroll Conference – Memphis, TN

It’s “Now or Never” to Get Your It’s “Now or Never” to Get Your CPP/FPC Basic TrainingCPP/FPC Basic Training

AUGUST 15, 2014AUGUST 15, 2014

Presented by: Lisa Wachter, CPP Presented by: Lisa Wachter, CPP

Page 2: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Exam Notes

Candidates testing Sept 13, 2014 through Candidates testing Sept 13, 2014 through Oct 11, 2014 will be tested on Federal laws Oct 11, 2014 will be tested on Federal laws in effect on Jan 1, 2014in effect on Jan 1, 2014

Mid-year changes are NOT reflected on Mid-year changes are NOT reflected on either of the examseither of the exams

Page 3: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

FPC FPC – Fundamental Payroll Certification FPC – Fundamental Payroll Certification

Testing payroll basicsTesting payroll basics Curriculum-basedCurriculum-based No experience requiredNo experience required Designed for entry-level payroll staff and peripheral practitioners, Designed for entry-level payroll staff and peripheral practitioners,

such as customer service, system designers, and sales personnelsuch as customer service, system designers, and sales personnel Three hour test / 150 multiple choice questions Three hour test / 150 multiple choice questions

25 Pre-Test Questions – answer all questions!!25 Pre-Test Questions – answer all questions!! Three-year re-certification period Three-year re-certification period 60 RCH credit hours required or re-certify by re-examination60 RCH credit hours required or re-certify by re-examination *FPC’s who subsequently pass the CPP exam may not re-certify *FPC’s who subsequently pass the CPP exam may not re-certify

for FPC. At the end of the current FPC certification period, the for FPC. At the end of the current FPC certification period, the FPC designation will expire for CPP’s.FPC designation will expire for CPP’s.

Page 4: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

FPC Content

FPC Exam BreakdownFPC Exam Breakdown Core Payroll Concepts Core Payroll Concepts 40 %40 % Compliance/Research & ResourcesCompliance/Research & Resources 20 %20 % Calculation of the Paycheck Calculation of the Paycheck 22 %22 % Payroll Processes & Systems Payroll Processes & Systems 2 % 2 % Administration & ManagementAdministration & Management 7 % 7 % AuditsAudits 5% 5% AccountingAccounting 4% 4%

Page 5: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

CPP CPP – Certified Payroll ProfessionalCPP – Certified Payroll Professional

Tests application of knowledge; more complex conceptsTests application of knowledge; more complex concepts Curriculum and experience basedCurriculum and experience based Emphasis on higher-level skills, including management Emphasis on higher-level skills, including management

and systems.and systems. Designed for seasoned payroll professionalsDesigned for seasoned payroll professionals 190 multiple choice questions190 multiple choice questions

25 Pre-Test Questions – answer all questions!!25 Pre-Test Questions – answer all questions!! Four hour examFour hour exam Five-year re-certification periodFive-year re-certification period 120 re-certification credit hours required or re-certify by 120 re-certification credit hours required or re-certify by

re-examinationre-examination

Page 6: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

CPP Content

CPP Exam BreakdownCPP Exam Breakdown Core Payroll ConceptsCore Payroll Concepts 27 27

% % Compliance/Research & ResourcesCompliance/Research & Resources 21 %21 % Calculation of the PaycheckCalculation of the Paycheck 20 %20 % Payroll Processes & SystemsPayroll Processes & Systems 9 % 9 % Administration & ManagementAdministration & Management 10 10

%% AuditsAudits 7 % 7 % AccountingAccounting 6% 6%

Page 7: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Eligibility for CPP Must be practicing payroll a total of 3 (three) out of the 5 Must be practicing payroll a total of 3 (three) out of the 5

(five) years preceding the exam. (five) years preceding the exam. ““Verification of Application” - immediate supervisor must Verification of Application” - immediate supervisor must

verify experience or former payroll supervisor if not verify experience or former payroll supervisor if not currently in payroll.currently in payroll.

Payroll ProductionPayroll Production Payroll ReportingPayroll Reporting Payroll AccountingPayroll Accounting Payroll AdministrationPayroll Administration Payroll Education/Consulting with previous experience Payroll Education/Consulting with previous experience

in payroll production or administration in payroll production or administration

Page 8: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

PROMISSOR

A leading provider of assessment services to regulatory agencies and A leading provider of assessment services to regulatory agencies and national associations, providing licensing, credentialing, and support national associations, providing licensing, credentialing, and support services to associations, state agencies, and private industry.services to associations, state agencies, and private industry.

Promissor Promissor Certification Examination for Payroll ProfessionalsCertification Examination for Payroll Professionals PO Box 13785-3785PO Box 13785-3785 (800) 470-8757(800) 470-8757

Page 9: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Testing System - Omega

Omega – Online Multimedia Environment for Omega – Online Multimedia Environment for Global AssessmentGlobal Assessment PC interactive softwarePC interactive software Point & clickPoint & click TutorialTutorial Mark questions for reviewMark questions for review Immediate scoreImmediate score Time limit begins when PC is activatedTime limit begins when PC is activated

Page 10: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Why Become Certified / What’s In It for Me? RecognitionRecognition RelationshipsRelationships OpportunitiesOpportunities MoneyMoney EmployerEmployer EducationEducation CompetenceCompetence ConfidenceConfidence CertificationCertification

Page 11: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Exam Fees

CPP Exam Fee - $340CPP Exam Fee - $340 Includes CPP Pin upon PassingIncludes CPP Pin upon Passing

FPC Exam Fee - $275FPC Exam Fee - $275 Includes FPC Pin upon PassingIncludes FPC Pin upon Passing

Advance registrationAdvance registration Online – Faster, more convenient, instant confirmationOnline – Faster, more convenient, instant confirmation By phone (800) 470-8757By phone (800) 470-8757 By faxBy fax (888) 204-6291 (888) 204-6291

Page 12: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Important Information

Multitude of PROMISSOR testing centers across the US Multitude of PROMISSOR testing centers across the US Fall Testing Window Sept 13 – Oct 11, 2014Fall Testing Window Sept 13 – Oct 11, 2014 Passing ScorePassing Score Raw ScoreRaw Score Scaled ScoreScaled Score

Page 13: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

How to Prepare Join a local study group – in person or on-lineJoin a local study group – in person or on-line Take a KAC test – Knowledge Assessment CalculatorTake a KAC test – Knowledge Assessment Calculator On demand FREE Webinar – Prepare yourself for the CPP and FPC On demand FREE Webinar – Prepare yourself for the CPP and FPC

exams – product code 14CER01Rexams – product code 14CER01R No one study source should be usedNo one study source should be used

The Payroll SourceThe Payroll Source, , PayTrainPayTrain; RIA’s ; RIA’s Payroll GuidePayroll Guide APA’s APA’s Payroll Practice FundamentalsPayroll Practice Fundamentals BNA’s BNA’s Payroll Administration GuidePayroll Administration Guide IRS’s IRS’s Circular E, Employers Tax GuideCircular E, Employers Tax Guide (Pub. 15) (Pub. 15) IRS’s IRS’s Employers’ Supplemental Tax GuideEmployers’ Supplemental Tax Guide (Pub. 15-A) (Pub. 15-A)

APA’s CPP/FPC Boot Camp SeriesAPA’s CPP/FPC Boot Camp Series Study partnersStudy partners Take practice examsTake practice exams Start studying today!Start studying today!

Page 14: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

KAC – Knowledge Assessment Calculator

"The KAC program is a very powerful and useful tool. "The KAC program is a very powerful and useful tool. Assessments can be used to validate a new hire’s payroll Assessments can be used to validate a new hire’s payroll knowledge, or to develop a training plan for current knowledge, or to develop a training plan for current payroll staff. The instant feedback to the individual and payroll staff. The instant feedback to the individual and the manager (when purchasing group assessments) the manager (when purchasing group assessments) provides a better understanding of where the learning provides a better understanding of where the learning opportunities are in a very professional and confidential opportunities are in a very professional and confidential manner.” manner.” - Brad Patterson, CPP - Brad Patterson, CPP Director, Payroll Services, Director, Payroll Services, Nationwide Insurance Company,Nationwide Insurance Company,Columbus, OHColumbus, OH

How Knowledge Adds Up!!!!How Knowledge Adds Up!!!!

Page 15: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Boot Camp APA Sponsored ProgramsAPA Sponsored Programs

CPP Boot CampCPP Boot Camp FPC Boot CampFPC Boot Camp

(20) 2-hour virtual sessions(20) 2-hour virtual sessions APA instructor ledAPA instructor led Pre & Post assessment using the KACPre & Post assessment using the KAC Year long access to PayTrain – APA Online Learning systemYear long access to PayTrain – APA Online Learning system Pass the First Time GuaranteePass the First Time Guarantee

More Information and details – More Information and details – www.americanpayroll.org

Page 16: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Study Styles

IndividualIndividual versusversus Study GroupsStudy Groups TheoryTheory versusversus PracticePractice Slow-pacedSlow-paced versusversus Fast-pacedFast-paced Every sourceEvery source versusversus Selective Selective

sourcessources PaperPaper versusversus OnlineOnline

Page 17: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

I’ve Reviewed the Study Styles – What’s Next? Identify your approach to studyingIdentify your approach to studying Create a study planCreate a study plan Talk to your employer & family about the Talk to your employer & family about the

support you needsupport you need Obtain your materialsObtain your materials Study! Study! Study! Study! Study! Study!

Page 18: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

What to Bring to Exam Government issued ID with photoGovernment issued ID with photo

Driver’s LicenseDriver’s License PassportPassport Military IDMilitary ID

Confirmation NumberConfirmation Number Proof of Name Change if ApplicableProof of Name Change if Applicable Battery operated hand held calculator w/ extra batteriesBattery operated hand held calculator w/ extra batteries

DO NOT BE LATE!!! Good idea to drive to the testing center in DO NOT BE LATE!!! Good idea to drive to the testing center in advance to be sure of location and parking facilities.advance to be sure of location and parking facilities.

YOU WILL NOT BE ADMITTED IF YOU ARE LATE and will YOU WILL NOT BE ADMITTED IF YOU ARE LATE and will forfeit your application fee.forfeit your application fee.

Page 19: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Testing Tips

Locate testing center prior to exam dayLocate testing center prior to exam day Plan to arrive 30 minutes early!Plan to arrive 30 minutes early! Be well rested on exam dayBe well rested on exam day Last minute cramming will increase anxietyLast minute cramming will increase anxiety Practice with your calculator prior to examPractice with your calculator prior to exam Be aware of remaining time during exam (on-line testing Be aware of remaining time during exam (on-line testing

system allows you to track time)system allows you to track time) Answer those questions that you feel sure about firstAnswer those questions that you feel sure about first Group calculation questions togetherGroup calculation questions together Go back an answer questions “marked for review”Go back an answer questions “marked for review” Do not leave blanks on the examDo not leave blanks on the exam

Page 20: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Practice Test Practice TestPractice Test

QuestionsQuestions

Page 21: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Reminder – CPP’s & FPC’s generally earn higher wages!

Are You Ready to Are You Ready to Pocket More Cash?Pocket More Cash?

Study Hard and Study Hard and Reap Amazing Reap Amazing Rewards!Rewards!

Page 22: 7 th Annual TN Statewide Payroll Conference – Memphis, TN It’s “Now or Never” to Get Your CPP/FPC Basic Training AUGUST 15, 2014 Presented by: Lisa Wachter,

Payroll – “Always on My Mind”!

Please complete your Evaluation form.Please complete your Evaluation form.

On behalf of the TSWB (and of course Elvis) On behalf of the TSWB (and of course Elvis) Good luck on your exam!Good luck on your exam!