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Course Descriptions

Accounting Course Descriptions

ACCT 101
Fundamentals of College Accounting
3 Units
Prerequisite: None.
General Education: AA/AS Area II(b)
Hours: 54 hours LEC
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.
ACCT 103
Intermediate Accounting - Part I
4 Units
Prerequisite: ACCT 301 with a grade of "C" or better
Hours: 72 hours LEC
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.
ACCT 104
Intermediate Accounting - Part II
4 Units
Prerequisite: ACCT 103 with a grade of "C" or better
Hours: 72 hours LEC
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.
ACCT 107
Auditing
3 Units
Prerequisite: ACCT 301 with a grade of "C" or better
Advisory: ACCT 103
Hours: 54 hours LEC
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.
ACCT 111
Cost Accounting
3 Units
Prerequisite: ACCT 301 with a grade of "C" or better
Advisory: ACCT 311
Enrollment Limitation: Upon entering this course, ACCT 111, the student should be able to (a) analyze the flow of costs to the Income Statement and Balance Sheet, (b) prepare entries for inventories associated with various types of firms including manufacturing, (c) classify costs, and (d) prepare and interpret financial statements under varying cost assumptions. RATIONALE: These entrance skills, which are taught in ACCT 301, will be built upon in ACCT 111, which is the continuation of the study of accounting. ACCT 111 will focus on cost accounting principles and practices, with a particular emphasis on cost flow and analysis. Accordingly, ACCT 301 is to be required as a sequential prerequisite to lead into this course, ACCT 111.
Hours: 54 hours LEC
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.
ACCT 121
Payroll Accounting
3 Units
Prerequisite: None.
Advisory: ACCT 101
Hours: 54 hours LEC
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.
ACCT 125
Federal and State Individual Taxation
4 Units
Prerequisite: None.
Advisory: ACCT 101 and 301
Hours: 72 hours LEC
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.
ACCT 128
Taxation of Corporations, Partnerships, Estates, and Trusts
4 Units
Prerequisite: ACCT 125 with a grade of "C" or better
Hours: 72 hours LEC
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.
ACCT 153
Governmental Accounting
3 Units
Prerequisite: ACCT 301 with a grade of "C" or better
Hours: 54 hours LEC
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.
ACCT 160
Volunteer Income Tax Assistance
2 Units
Prerequisite: None.
Advisory: ACCT 125
Hours: 24 hours LEC; 36 hours LAB
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.
ACCT 161
Volunteer Income Tax Assistance II
2 Units
Prerequisite: ACCT 160 with a grade of "C" or better
Hours: 24 hours LEC; 36 hours LAB
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.
ACCT 162
Volunteer Income Tax Assistance III
2 Units
Prerequisite: ACCT 161 with a grade of "C" or better
Hours: 24 hours LEC; 36 hours LAB
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.
ACCT 295
Independent Studies in Accounting
1-3 Units
Prerequisite: None.
Course Transferable to: CSU
Hours: 18 hours LEC; 162 hours LAB
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.
ACCT 299
Experimental Offering in Accounting
.5-4 Units
Prerequisite: None
Hours: 18 hours LEC; 54 hours LAB
ACCT 301
Financial Accounting
4 Units
Prerequisite: None.
Advisory: ACCT 101, BUS 105, MATH 120, or MATH 125
General Education: AA/AS Area II(b)
Course Transferable to UC/CSU
Hours: 72 hours LEC
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. (C-ID ACCT 110)
ACCT 311
Managerial Accounting
4 Units
Prerequisite: ACCT 301 with a grade of "C" or better
Course Transferable to UC/CSU
Hours: 72 hours LEC
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. (C-ID ACCT 120)
ACCT 341
Computerized Accounting
2 Units
Prerequisite: ACCT 101 or 301 with a grade of "C" or better
Advisory: CISC 302
Course Transferable to CSU
Hours: 27 hours LEC; 27 hours LAB
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.
ACCT 495
Independent Studies in Accounting
1-3 Units
Prerequisite: None.
Course Transferable to CSU
Hours: 54 hours LEC; 162 hours LAB
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.
ACCT 498
Work Experience in Accounting
1-4 Units
Prerequisite: None.
General Education: AA/AS Area III(b)
Enrollment Limitation: Students must be in a paid or unpaid internship, volunteer position or job related to career goals in Accounting.
Course Transferable to CSU
Hours: 300 hours LAB
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.
ACCT 499
Experimental Offering in Accounting
.5-4 Units
Prerequisite: None
Course Transferable to CSU
Hours: 18 hours LEC; 54 hours LAB