Accounting (ACCT)

ACCT 001 F Accounting for Small Business 3 Units

54 hours lecture per term. This course is ideal for the student who wishes to attain a solid foundation in the basic fundamentals of accounting. This includes business students who are planning more advanced studies of accounting and business at four-year institutions, as well as students who desire knowledge in accounting for small businesses, but do not necessarily intend to major in accounting or transfer to a four-year university. Topics include fundamentals of double entry journals; preparation of trial balances; worksheets and simple financial statements for service or retail types of businesses; use of controlling accounts; special journals; cash journals; accrual and cash basis accounting; cash controls and bank reconciliation; payroll accounting including employee earnings and deductions and employer's taxes and payments.

ACCT 011 F Payroll Accounting 2 Units

Prerequisite(s): ACCT 100AF with a grade of C or better or ACCT 101AF with a grade of C or better

54 hours lecture per term. This course is designed to provide an overview of social security, state and federal payroll taxes. The course is of a non-technical nature and is intended to give business students a practical working knowledge of the current tax laws and actual experience in applying the regulations.

ACCT 090 F Current Topics in Taxation 0.5-3 Units

0-54 hours lecture and 0-54 hours lab per term. This course offers timely and contemporary income tax law-related topics designed to enhance job skills, expand the student's knowledge of the most current tax practice environment, and increase employment opportunities. Unit credit may vary in any given semester. Consult the class schedule to verify specific topics and credit offered in a particular semester. (Non-Degree Credit)

ACCT 100 F Small Business Accounting 3 Units

54 hours lecture per term. This course teaches basic accounting as required for a small business. A semester-long practice case gives students the opportunity to input routine transactions and prepares monthly financials for a small business. Topics covered are sales, receivables, uncollectible accounts, payables, inventory, payroll, general ledger, depreciation, cash management, monthly bank reconciliations and financial statement reporting. Students learn how to compute payroll, prepare payroll checks and prepare federal and state payroll reports. Different forms of businesses are reviewed, with emphasis on bookkeeping for a sole proprietorship. (CSU)

ACCT 100AF Financial Accounting Principle 3 Units

72 hours lecture per term. This course is the first part of a two-part financial accounting course that is equivalent to ACCT 101AF after the completion of ACCT 100AF and ACCT 100BF. This course covers the entire accounting cycle, cash, bank reconciliations, receivables, temporary investments, and incorporates a practical approach with the use of business papers and computer applications integrated into the homework. Not open to students who have completed ACCT 101AF with a grade of C or better. (CSU) (UC Credit Limitation)

ACCT 100BF Financial Accounting Principle 3 Units

Prerequisite(s): ACCT/100A Financial ACcounting Principles with a grade of "C" or better.

72 hours lecture per term. This course is a continuation of 100AF Financial Accounting Principles with emphasis on the basic concepts of accounting for plant assets, intangible assets, payroll, notes payable and other liabilities, partnerships and corporations, long term liabilities and investments in bonds, inventories, statement of cash flow, and analysis of financial statements. The practical approach is continued with the use of business papers and computer applications integrated into the homework. Upon completion of this course, the student will have fulfilled the equivalent of ACCT 101AF requirement. Not open to students who have completed ACCT 101AF with a grade of C or better. (CSU) (UC Credit Limitation)

ACCT 101AF Financial Accounting 5 Units

90 hours lecture per term. This is a study of accounting as an information system, examining why it is important and how it is used by investors, creditors, and others to make decisions. This course covers the accounting information system, including recording and reporting business transactions with a focus on the accounting cycle, the application of generally-accepted accounting principles, the financial statements, and statement analysis. Includes issues relating to asset, liability and equity valuation, revenue and expense recognition, cash flow, internal controls, and ethics. (CSU) (UC Credit Limitation) (C-ID: ACCT 110)

ACCT 101BF Managerial Accounting 5 Units

Prerequisite(s): ACCT 100BF or ACCT 101AF or ACCT 102HF, with a grade of C or better.

90 hours lecture per term. This course is the study of how managers use accounting information in decision making, planning, directing operations and controlling, and focuses on cost terms and concepts, cost behavior, cost structure and cost-volume profit analysis. Topics also include issues relating to cost systems, cost control, profit planning and performance analysis in manufacturing and service environments. (CSU) (UC) (C-ID: ACCT 120)

ACCT 102HF  Honors Financial Accounting 5 Units

90 hours lecture per term. This Honors-enhanced course is a study of the financial information system, examining why it is important and how it is used by investors, creditors and others to make decisions. This course covers the accounting information system, including recording and reporting business transactions with a focus on the accounting cycle, the application of generally accepted accounting principles, the financial statements, and statement analysis. Topics include issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls, and ethics. (CSU) (UC Credit Limitation) (C-ID: ACCT 110)

ACCT 104 F  Computerized Accounting 2 Units

Prerequisite(s): ACCT 100AF or ACCT 101AF, with a grade of C or better

27 hours lecture and 27 hours lab per term. This course provides hands-on experience in accounting on a microcomputer. Systems included are the general ledger, accounts receivable and accounts payable, financial statements analysis, depreciation, inventory, and payroll. (CSU)

ACCT 107 F  Computerized Accounting with QuickBooks 3 Units

54 hours lecture per term. This course will introduce students to basic financial record keeping software using the double-entry system for recording transactions. Emphasis will be placed on how to use accounting application software in a small business environment. (CSU)

ACCT 110 F Payroll Accounting 3 Units

54 hours lecture per term. This course is designed to provide an overview of social security, state and federal payroll taxes. The course is of a non-technical nature and is intended to give business students a practical working knowledge of the current tax laws and actual experience in applying the regulations. (CSU)

ACCT 112 F Income Tax Procedure 3 Units

54 hours lecture per term. This course offers a simple and non-technical presentation of the information needed in preparing Federal Income Tax returns for individuals whose income is derived from wages and other various sources. Tax deductions and credits are also covered in detail. (CSU)

ACCT 113 F  Income Tax Procedure - Business 3 Units

54 hours lecture per term. This course offers a basic and non-technical presentation of the information needed in preparing Federal Income Tax returns for corporations and partnerships. Tax deductions and credits are also covered in detail. (CSU)

ACCT 201AF Intermediate Accounting 5 Units

Prerequisite(s): ACCT 100BF or ACCT 101AF or ACCT 102 HF, with a grade of C or better.

90 hours lecture per term. This second-year accounting course deals with adjustments, working papers, cash and receivables, inventories, plant and equipment, intangibles, deferred charges, liabilities, income tax allocation and accounting for premiums. This course is required of all vocational accounting majors. (CSU)

ACCT 201BF Intermediate Accounting 5 Units

Prerequisite(s): ACCT 100BF with a grade of "C" or better or ACCT 101AF with a grade of "C" or better or ACCT 102HF with a grade of "C" or better.

90 hours lecture per term. This second-year accounting course deals with earnings per share, revenue recognition, accounting for pensions and other post-employment benefits, accounting changes and error corrections, cash flow statements, the impact of changing prices, and financial statement analysis. This course is required of all vocational Accounting majors. (CSU)

ACCT 202 F  Introduction to Cost Accounting 3 Units

Prerequisite(s): ACCT 101BF with a grade of "C" or better

54 hours lecture per term. This course covers the theory of cost accounting including job order costs, estimated costs, standard costs, miscellaneous costs, and distribution cost systems as applied to the control and management of business through cost accounting procedures. This course parallels cost accounting courses in four-year colleges. Required of all vocational accounting majors. (CSU)

ACCT 203 F Auditing 3 Units

Prerequisite(s): ACCT 100BF or ACCT 101AF or ACCT 102HF, with a grade of "C" or better.

54 hours lecture per term. This course emphasizes internal auditing with questions and separate cases. Incorporated into the course is one long case for application of auditing principles. (CSU)

ACCT 204 F  Analysis of Financial Statements 3 Units

Prerequisite(s): ACCT 101AF or ACCT 100BF or ACCT 102HF, with a grade of "C" or better.

54 hours lecture per term. This course deals with characteristics of financial statements and financial statement analysis. A study of goals, methods, and tools for analysis is studied. In addition, accounts receivable, inventories, projected statements, cash budgets, and cash flow are studied. Emphasis is placed on financial analysis from a banking viewpoint. (CSU)

ACCT 205 F  Ethics in Accounting 3 Units

Prerequisite(s): ACCT 10BF or ACCT 101AF or ACCT 102HF, with a grade of C or better

54 hours lecture per term. This course examines the professional responsibility of ethical behavior in accounting and a study of truth in financial disclosures, ethical theory, code of conduct, auditing, managerial, and tax ethics. This course is now required in order to take the CPA Exam. (CSU)

ACCT 210 F Advanced Accounting 3 Units

Prerequisite(s): ACCT 201AF with a grade of "C" or better

54 hours lecture per term. This course covers corporate reporting for segments: interim report, accounting for foreign operations, accounting for partnerships, accounting for government entities, not-for-profit entities, estates, and trusts. Also covered are bankruptcies, equity method, consolidated financial statements, and foreign currency transactions. (CSU)

ACCT 220 F  Individual Income Tax 3 Units

54 hours lecture per term. This course is designed to study the federal income tax process, federal income tax laws that apply to individuals, and the application of tax principles to specific problems. Topics include gross income and exclusions, business deductions and itemized deductions, losses, certain tax credits and property transactions. A study is also made of California income tax laws in those areas which differ from federal tax law. (CSU)

ACCT 221 F  Corporate, Partnership, Estate and Trust Tax 3 Units

54 hours lecture per term. This advanced course examines concepts of business income taxation. This course focuses on fundamental tax concepts, the mastery of which will enable students to incorporate tax factors into business and investment decisions. Content includes basic principles of income taxation as applied to partnerships, estates, and trusts; taxation on transfer of wealth, both during lifetime and testamentary. Computerized tax software used. (CSU)

ACCT 230 F Excel for Accountants 3 Units

Advisory: CIS 106 F.

54 hours lecture per term. This course is specifically for accounting and finance professionals who have a good grasp of Excel and want to take their skills to the next level. Students will learn about the features they will need to achieve greater efficiency and automation. (CSU)

ACCT 240 F Accounting Information Systems 3 Units

Prerequisite(s): ACCT 101AF with a grade of "C" or better

54 hours lecture per term. This course explores accounting information systems which applies accounting principles using general ledger and spreadsheet software. Designed to develop employable accounting analysis skills, evaluate and compare commercial software and analyze financial reporting. (CSU)

ACCT 250 F Forensics Accounting 3 Units

54 hours lecture per term. This course explores the fundamentals and techniques of investigative and forensics accounting. The development of forensic accounting as a discipline and its interaction with business, law, auditing and information systems will be explored. Subjects include financial statement and tax fraud, divorce and bankruptcy, identity theft and various white-collar crimes. Forensics principles necessary to detect, prevent and prosecute financial crimes will be explored. (CSU)

ACCT 295 F Accounting Internship 2-4 Units

18 hours lecture per term and 75-225 hours of supervised employment or 60-180 hours of unpaid internship per term. This course is designed to provide work experience directly related to the student's area of study in accounting. This course offers career development opportunities for students and industry professionals who need to strengthen or broaden their skills to retain their current position or wish to advance in their current careers. Course awards 1 unit per 75 hours of paid internship or 1 unit per 60 hours of unpaid internship. (CSU)