Study Notes management accounting acca f2

RECORDING
 
OF
 
LABOUR
 
COST
 
(DOCUMENTATION
 
AND
 
PROCEDURE)
▪ Employee personnel records 
(human resource department)
 
Employee Record Card
➢
 
Contains the basic information concerning an employee 
➢
 
Is raised when the employee is engaged and shows a history of progress through the firm, for 
example date of joining firm, rate of pay, promotion, training, departments in which experience 
has been gained, records of sickness, absenteeism, etc.
➢
 
When the employee leaves, the card is completed with the closing date and if possible, the 
reason for leaving. 
➢
 
Is the source document for the rate of pay which is used in the compilation of other labour records 
▪ Employee record of attendance sheet.
 
 

 
Clock Card 

 
Time sheet 

 
Job sheet or Card 
▪ Clock Cards: 
Workers who are paid on an hourly basis record the time for which they have worked, 
on a clock card. It shows the time at which they arrived and the time at which they left the 
organisation. Modern time recording systems may not use physical cards they have computerised 
system. 
▪ Time Sheets: 
Time sheets are used to record the time spent on the production by each individual 
employee. A time sheet is filled by the employee as a record of how their time is being spent. The 
total time on the timesheet should correspond with time shown on the attendance record. A time 
sheet can be filled daily or weekly. 
Employee engaged on Specific 
jobs/assignments 
Employee work time