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Course Descriptions

Accounting Course Descriptions

ACCT 101 Fundamentals of College Accounting

Units: 3

Hours: 54 hours LEC

Prerequisite: None.

This course emphasizes a practical approach to the use of accounts, journals, ledgers, and financial statements. The course is recommended for students who intend to seek employment in a small service or merchandising business and is an excellent preparation course for further study in accounting and business.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: ACCURATELY RECORD BUSINESS TRANSACTIONS COMMONLY ENCOUNTERED IN SERVICE AND MERCHANDISING BUSINESSES.

ACCT 103 Intermediate Accounting - Part I

Units: 4

Hours: 72 hours LEC

Prerequisite: ACCT 301 with a grade of "C" or better

This course provides a continuing study of the measurement and reporting of the results of operations and the financial condition of profit-directed business entities. Special emphasis will be given to the valuation of assets using both the Financial Accounting Standards (FASB) and International Financial Reporting Standards (IFRS) as authority. This course is not intended for transfer to a four-year college.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO #1: DEMONSTRATE AN UNDERSTANDING OF CONCEPTS, PRINCIPLES, AND PRACTICES OF FINANCIAL ACCOUNTING.

ACCT 104 Intermediate Accounting - Part II

Units: 4

Hours: 72 hours LEC

Prerequisite: ACCT 103 with a grade of "C" or better

This course is a continuing study of the measurement and reporting of the results of operations and the financial position of business entities. An emphasis is placed on accounting for investments, stockholder's equity, long-term liabilities, leases and income taxes. This course is not intended for transfer to a four-year college.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO#1: DEMONSTRATE AN UNDERSTANDING OF CONCEPTS, PRINCIPLES, AND PRACTICES OF FINANCIAL ACCOUNTING.

ACCT 107 Auditing

Units: 3

Hours: 54 hours LEC

Prerequisite: ACCT 301 with a grade of "C" or better

Advisory: ACCT 103

The course focuses on procedures and practices used in the verification of financial statement balances and accounting records. External auditing functions are emphasized. The types of audits and auditing occupations, as well as the legal liabilities of the auditor are discussed.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: DEMONSTRATE AN UNDERSTANDING OF PROFESSIONAL ETHICS AND AUDITOR LIABILITY.

ACCT 111 Cost Accounting

Units: 3

Hours: 54 hours LEC

Prerequisite: ACCT 301 with a grade of "C" or better

Advisory: ACCT 311

This course is an introduction to cost accounting methods, including job order, process and standard cost systems. Special attention will be given to management uses of cost accounting. This course is not intended for transfer to a four-year college.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: EVALUATE AND APPLY ACCOUNTING CONCEPTS MANAGERS USE FOR PLANNING, CONTROL, AND DECISION-MAKING

ACCT 121 Payroll Accounting

Units: 3

Hours: 54 hours LEC

Prerequisite: None.

Advisory: ACCT 101

This is a study of payroll and personnel records, procedures and regulations. The course will include a study of the various California and Federal laws pertaining to the computation of earnings and withholdings. Payroll tax payment requirements and preparation of the employer's California and Federal payroll tax reports will be included. A comprehensive simulation project will be completed as part of the course. The project will include one quarterly payroll reporting cycle.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: DEMONSTRATE KNOWLEDGE AND UNDERSTANDING AND THE ABILITY TO APPLY THE VARIOUS FEDERAL AND STATE LAWS THAT AFFECT EMPLOYERS IN THEIR PAYROLL OPERATIONS, INCLUDING RECORD KEEPING AND REPORTING REQUIREMENTS.

ACCT 125 Federal and State Individual Taxation

Units: 4

Hours: 72 hours LEC

Prerequisite: None.

Advisory: ACCT 101 and 301

This course is a study of basic Federal and State Income Tax regulations with an emphasis on the skills necessary for the preparation of individual income tax returns. Included are filing requirements, determination of taxable income, allowable deductions, tax computation, tax credits, other taxes, payment methods, and audit procedures.

This course is a California Tax Education Council (CTEC) qualifying education course, and is offered to members of the community to enable them to become registered tax return preparers (CRTP) in the state of California.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO1: DEMONSTRATE UNDERSTANDING OF CONSTITUTIONAL ORIGINS, STATUTORY REQUIREMENTS, AND OTHER LEGISLATIVE AND ADMINISTRATIVE UNDERPINNINGS OF THE INCOME TAX SYSTEMS OF THE UNITED STATES AND CALIFORNIA.

ACCT 128 Taxation of Corporations, Partnerships, Estates, and Trusts

Units: 4

Hours: 72 hours LEC

Prerequisite: ACCT 125 with a grade of "C" or better

This course provides a continuing study of federal and state income tax compliance with an emphasis on the taxation of business entities including corporations, partnerships, limited liability companies, S corporations, estates and fiduciary trusts. Included is coverage of related party transactions, filing requirements, differences in book and taxable income, tax computation, available credits, tax elections, and working with the Internal Revenue Service on tax administration matters. This course is designed for persons seeking civil service advancement, those who are currently or will be involved with company accounting operations, and persons engaged in tax preparation. It is recommended for accounting majors.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: STUDENTS WILL DEMONSTRATE UNDERSTANDING OF UNITED STATES AND CALIFORNIA INCOME TAX FILING REQUIREMENTS, PROCEDURES, AND TAX ELECTIONS OF C CORPORATIONS, PARTNERSHIPS, S CORPORATIONS, LLCS, ESTATES, AND TRUSTS.

ACCT 153 Governmental Accounting

Units: 3

Hours: 54 hours LEC

Prerequisite: ACCT 301 with a grade of "C" or better

This course covers accounting and financial reporting for governmental units and institutions with emphasis on the principles of fund accounting and the comprehensive annual financial report as prescribed by the Governmental Accounting Standards Board. Additional topics include governmental budgeting and budgetary controls.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: Apply the basic principles of fund accounting and their application to governmental and not-for-profit organizations

ACCT 160 Volunteer Income Tax Assistance

Units: 2

Hours: 24 hours LEC; 36 hours LAB

Prerequisite: None.

Advisory: ACCT 125

This hands-on course provides training and a service learning opportunity in the preparation of federal and California individual income tax returns. After successfully completing 24 hours of IRS-approved training and passing the IRS individual income tax exam, the student volunteer will provide a minimum of 36 hours of free tax assistance to community clients who meet qualifying criteria for the service as set by the IRS.

This course is intended for the volunteer who will assist individual and family taxpayers with basic tax concerns.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO #1: LEARN AND APPLY CURRENT INDIVIDUAL FEDERAL AND CALIFORNIA TAX LAWS AND REGULATIONS.

ACCT 161 Volunteer Income Tax Assistance II

Units: 2

Hours: 24 hours LEC; 36 hours LAB

Prerequisite: ACCT 160 with a grade of "C" or better

This hands-on course provides training and a service learning opportunity in the preparation of federal and California individual income tax returns. After successfully completing 24 hours of IRS-approved training and passing the IRS individual income tax exams, the student volunteer will provide a minimum of 36 hours of free tax assistance to community clients who meet the qualifying criteria for the service as set by the IRS.

This course covers the Advanced level which is intended for the volunteer who will assist individual and family taxpayers with more complex tax concerns.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO #1: UNDERSTAND CURRENT INDIVIDUAL FEDERAL AND CALIFORNIA TAX RETURNS LAWS AND REGULATIONS.

ACCT 162 Volunteer Income Tax Assistance III

Units: 2

Hours: 24 hours LEC; 36 hours LAB

Prerequisite: ACCT 161 with a grade of "C" or better

This hands-on course provides training and a service learning opportunity in the preparation of federal and California individual income tax returns. After successfully completing 24 hours of IRS-approved training and passing the IRS individual income tax exams, the student volunteer will provide a minimum of 36 hours of free tax assistance to community clients who meet qualifying criteria for the service as set by the IRS.

This course covers tax law that pertains to military tax situations and situations involving rental properties and moving expenses. This level prepares the student to assist taxpayers not only across the full VITA spectrum but adds the additional assistance to military personnel and those taxpayers that own a rental property.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO #1: UNDERSTAND CURRENT FEDERAL AND CALIFORNIA TAX RETURNS LAWS AND REGULATIONS FOR INDIVIDUALS.

ACCT 295 Independent Studies in Accounting

Units: 1 - 3

Hours: 54 - 162 hours LAB

Prerequisite: None.

An independent studies project involves an individual student or small group of students in study, research, or activities beyond the scope of regularly offered courses. See the current catalog section of "Special Studies" for full details of Independent Studies.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO #1: Actively engage in intellectual inquiry beyond that required in order to pass a course of study (College Wide Learning Outcome – Area 4).

ACCT 301 Financial Accounting

Units: 4

Hours: 72 hours LEC

Prerequisite: None.

Advisory: ACCT 101, BUS 105, MATH 120, or MATH 125

Transferable: CSU; UC

CID: C-ID ACCT 110

This is the study of accounting as an information system. Emphasis is given to understanding the nature and purpose of accounting and its function in business. The principles and concepts underlying transaction analysis and recording; financial statement preparation, disclosures, and analysis; and ethical issues are addressed. The course includes units on inventories, internal control, cash and cash flows, receivables, fixed and intangible assets, current and long-term liabilities, stockholders' equity, income tax, and investments.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: APPLY ACCOUNTING CONCEPTS AND PRINCIPLES IN MAKING DECISIONS ABOUT BUSINESS OPERATIONS.

ACCT 311 Managerial Accounting

Units: 4

Hours: 72 hours LEC

Prerequisite: ACCT 301 with a grade of "C" or better

Transferable: CSU; UC

CID: C-ID ACCT 120

This course is the study of the use and reporting of accounting data for managerial planning, cost control, and decision making purposes. The course includes broad coverage of concepts, classifications, and behaviors of costs. Topics include cost systems, the analysis and use of cost information, cost-volume-profit analysis, contribution margin, profit planning, standard costs, relevant costs, capital budgeting, and statement analysis.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: ANALYZE FINANCIAL STATEMENTS AND FINANCIAL CONDITION USING SOLVENCY AND PROFITABILITY ANALYSIS BASED ON HISTORICAL AND CURRENT DATA

ACCT 341 Computerized Accounting

Units: 3

Hours: 54 hours LEC

Prerequisite: ACCT 101 or 301 with a grade of "C" or better

Advisory: CISC 302

Transferable: CSU

This is a course using the computer to prepare financial statements and other accounting reports used in business. This course emphasizes the areas of study: general ledger, accounts payable, accounts receivable, banking, bank reconciliations, depreciation, fixed assets, inventory, job order and payroll. This course provides practical experience using contemporary computerized accounting software. Consult the class schedule for specific software.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO #1: ANALYZE AND ACCURATELY RECORD TRANSACTIONS FOR SERVICE AND MERCHANDISING BUSINESS.

ACCT 495 Independent Studies in Accounting

Units: 1 - 3

Hours: 54 - 162 hours LAB

Prerequisite: None.

Transferable: CSU

An independent studies project involves an individual student or small group of students in study, research, or activities beyond the scope of regularly offered courses. See the current catalog section of "Special Studies" for full details of Independent Studies.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO #1: Actively engage in intellectual inquiry beyond that required in order to pass a course of study (College Wide Learning Outcome – Area 4).

ACCT 498 Work Experience in Accounting

Units: 1 - 4

Hours: 60 - 300 hours LAB

Prerequisite: None.

Enrollment Limitation:

Students must be in a paid or unpaid internship, volunteer position or job related to career goals in Accounting.

Transferable: CSU

This course provides students with opportunities to develop marketable skills in preparation for employment in their major field of study or advancement within their career. It is designed for students interested in work experience and/or internships in transfer level degree occupational programs. Course content includes understanding the application of education to the workforce; completion of required forms which document the student's progress and hours spent at the work site; and developing workplace skills and competencies. Appropriate level learning objectives are established by the student and the employer. During the semester, the student is required to participate in a weekly orientation and 75 hours of related paid work experience, or 60 hours of unpaid work experience for one unit. An additional 75 or 60 hours of related work experience is required for each additional unit. Work Experience may be taken for a total of 16 units when there are new or expanded learning objectives. Only one Work Experience course may be taken per semester.

Student Learning Outcomes

Upon completion of this course, the student will be able to:

SLO 1: DEMONSTRATE AN UNDERSTANDING AND APPLICATION OF PROFESSIONAL WORKPLACE BEHAVIOR IN A FIELD OF STUDY RELATED TO ONE’S CAREER.