50
ACCOUNTING INTERNSHIP
1.0 to 3.0 Units
ACCTG 50 is a discipline-specific course, which allows students to earn from 1.0 – 3.0 units for a structured, supervised internship either on-campus or off-campus under the supervision of a faculty advisor. It is designed to provide students with appropriate preparation and a hands-on work experience in one of the following fields: Public accounting, Management accounting, Governmental accounting, and Internal auditing. The purpose of this class is to enhance students’ knowledge, skill levels, and professional competency in their targeted career. This course is recommended for the self-motivated student, and requires faculty advisor approval to register.

Note: Students must arrange an approved internship prior to enrolling in this class. Complete two or more courses within your program before attempting an internship.

Note: This course is Pass/No Pass only.

Recommended Preparation or concurrent enrollment: Eligibility for ENGL 120 or ESL 151.

Transfer Credit: CSU.

101
FINANCIAL ACCOUNTING
5.0 Units
ACCTG 101 introduces students to the use of accounting information, and to analysis using accounting and financial concepts and terminology. Accounting information is presented from the user’s viewpoint. The course covers financial accounting, dealing with such topics as the accounting cycle, revenue and expense recognition, internal control, external reporting requirements, cash flow, financial statement analysis, GAAP, IFRS and asset, liability, and stockholder’s equity valuation. Ethical issues and open-ended exercises requiring critical judgment and narrative response by students may be used throughout the course.

Note: ACCTG 101 may not be taken by students who have completed ACCTG 106 with a grade of “C” or better. Lecture 5 hours.

Recommended Preparation: Concurrent enrollment or completion of CABOT 260 or 270 or equivalent spreadsheet experience.

Prerequisite: None Course Typically Offered: Winter/ Spring/Summer/Fall.

Transfer Credit: CSU, UC, USC. (C-ID ACCT 110)

102
MANAGERIAL ACCOUNTING
5.0 Units
ACCTG 102 continues student development in the use of accounting concepts. It presents managerial accounting from an information-user, decision-making viewpoint. Emphasis is placed on developing students’ ability to critically judge and evaluate issues covered in the course. The majority of the course covers managerial accounting for business operations, stressing four-year college transfer expectations, with the remainder concerned with financial management, and evaluating businesses. Ethical issues and open-ended exercises requiring critical judgment and narrative response by students may be used throughout the course.

Lecture 5 hours.

Prerequisite: ACCTG 101 or equivalent.

Recommended Preparation: Concurrent enrollment or completion of CABOT 260 or 270, or equivalent spreadsheet experience.

Course Typically Offered: Winter/Spring/ Summer/Fall.

Transfer Credit: CSU, UC, USC. (C-ID ACCT 120)

110
BASIC ACCOUNTING I
4.0 Units
ACCTG 110 is an introductory course in bookkeeping including study of the accounting equation, the theory of debit and credit, accounting devices, working papers and business forms, and the preparation of balance sheets and income statements.

Note: This course is suitable for students to prepare for ACCTG 101 and for those interested in financial record-keeping for small business. No credit will be awarded for ACCTG 110 if taken concurrently with ACCTG 101 or after completion of ACCTG 101 or ACCTG 102.

Lecture 4 hours.

Prerequisite: None. Course Typically Offered: Fall/Spring

120
COMPUTERIZED ACCOUNTING SYSTEMS
3.0 Units
ACCTG 120 provides students with computer skills required for employment in the field of computerized accounting. This course provides an introduction to the basics of accounting application software for bookkeepers, accountants, and business managers.

Lecture 3 hours.

Recommended Preparation: Concurrent Enrollment in Accounting 101 or Accounting 110 or equivalent experience in accounting.

Course Typically Offered: Fall/Spring.

Transfer Credit: CSU.

121
ADVANCED COMPUTERIZED ACCOUNTING
3.0 Units
ACCTG 121 is an advanced course allowing students to learn computerized accounting skills using two of the most used accounting programs, prepare sophisticated practice sets from assorted accounting software.

Note: This course is Pass/No Pass only.

Lecture 3 hours.

Recommended Preparation: ACCTG 101, ACCTG 110, ACCTG 120, OBT 97 or equivalent.

Course Typically Offered: Fall/ Winter. 

130
PAYROLL ACCOUNTING
3.0 Units
ACCTG 130 is an in-depth and practical instruction in payroll accounts. It offers an opportunity for the student to learn essential concepts of payroll and to master these concepts thoroughly by completing a wide variety of realistic activities. It covers payroll laws, payroll calculations, paying and recording payroll, Federal and State payroll taxes and returns and payroll systems - manual and Computerized-Payroll Accounting.

Lecture 3 hours.

Recommended Preparation: ACCTG 101, ACCTG 110 or equivalent.

Course Typically Offered: Fall/ Spring. 

150
PRINCIPLES OF INCOME TAXATION
3.0 Units
ACCTG 150 is a course that focuses on the analysis and preparation of tax returns, itemized deductions, and a technical proficiency in federal and state tax law as it applies to the individual. This course provides the foundation of knowledge required for tax practitioners.

Lecture 3 hours.

Prerequisite: None.

Course Typically Offered: Fall/ Spring.

Transfer Credit: CSU

155
VOLUNTEER INCOME TAX ASSISTANCE (VITA) I
3.0 Units
ACCTG 155 is a course that teaches the fundamental knowledge of Federal and State Income Tax Preparation. The concentration will be on the tax information for the low income and elderly and computer generated tax returns.

Note: This course is Pass/No Pass only.

Lecture 3 hours.

Prerequisite: ACCTG 150 or equivalent.

Course Typically Offered: Winter (Every Other Year). 

156
VOLUNTEER INCOME TAX ASSISTANCE (VITA) II
1.0 Unit
ACCTG 156 is a course in which students learn and apply the fundamental knowledge of income tax preparation. With the assistance of the instructor and state and federal agents, the students will assist low income and elderly citizens in the preparation of Federal and State tax forms.

Note: This course is Pass/No Pass only.

Lecture: 0.5 hour/Laboratory 2 hours.

Prerequisite: ACCTG 155 or equivalent.

Note: May be taken 4 times for credit.

Course Typically Offered: Spring. 

157
VOLUNTEER INCOME TAX ASSISTANCE (VITA) LEADERSHIP
1.0 Unit
ACCTG 157 is a course in which students learn and apply leadership skills by aiding first year VITA volunteers in interviewing and preparing state and federal taxes. Students will guide and direct VITA Volunteers in assisting low-income and elderly citizens in the preparation of their federal and state tax forms.

Lecture: 0.5 hour/Laboratory 2 hours.

Prerequisite: ACCTG 156 or equivalent.

Note: May be taken 4 times for credit.

Course Typically Offered: Fall/Spring. 

160
ADVANCED INCOME TAX
3.0 Units
ACCTG 160 covers the tax effects of accounting methods, rental and royalty income, business income and expenses, mechanisms for realizing income such as corporations and partnerships, and minimization of taxes through tax planning. This course is of assistance to tax practitioners, individuals seeking an overview of the various methods of taxation, and those planning to take the Enrolled Agents examination given by the Internal Revenue Service.

Lecture 3 hours.

Prerequisite: ACCTG 150 or equivalent.

Course Typically Offered: Spring.

Transfer Credit: CSU.

165
TAX PLANNING, TAX RESEARCH, AND TAX FRAUD
3.0 Units
ACCTG 165 is a course in the principles of tax planning and tax research. Topics include general principles of tax planning, self-employed versus employee tax planning, family tax planning, fixed and other assets tax planning, deduction tax planning, retirement planning, tax research procedures, Internal Revenue Code, treasury and judicial interruptions, primary and secondary courses and tax procedures.

Lecture 3 hours.

Recommended Preparation: ACCTG 150.

Course Typically Offered: Fall/Spring.

Transfer Credit: CSU.

170
CALIFORNIA BUSINESS TAXES
2.0 Units
ACCTG 170 is an advanced course in California non-income business taxation. Topics include sales and use taxes, real and personal property taxes, withholding on dispositions of real estate, environmental taxes and fees, city business license taxes, and miscellaneous taxes.

Lecture 2 hours.

Prerequisite: ACCTG 101 or equivalent.

Course Typically Offered: Spring (Every Other Year). 

175
ESTATE, GIFT, AND TRUST TAXATION
2.0 Units
ACCTG 175 covers estate, gift, and trust taxation. Topics include computation of gross estate tax, valuation of gross estate, deductions from the gross estate, transfers by gift, basis of property transferred by gift, present and future interests, exclusions from gift taxes, generation-skipping transfer tax (GST), and taxation of trusts.

Lecture 2 hours.

Recommended Preparation: ACCTG 150 or equivalent. 

180
FINANCIAL ANALYSIS AND COMMUNICATIONS
2.0 Units
ACCTG 180 is a course in which the students apply the tools of the accounting profession to solve problems and complex case studies common in the industry. Topics include the use of general ledger, database, and spreadsheet programs, advanced financial ratios, extensive budget creation with variance analysis, and real-time adjustments, setting up a general ledger package, decision making formulas, creating financial statements and producing spreadsheet for various accounting decisions.

Lecture 2 hours.

Recommended Preparation: ACCTG 101 or equivalent; and CABOT 260 or CABOT 265 or CABOT 270 or equivalent.

Course Typically Offered: Fall/Spring. 

185
DATA ANALYTICS FOR ACCOUNTING
3.0 Units
ACCTG 185 is an introductory course focusing on the concepts of data analytics used in a business and provides students with a basic understanding of data analytic thinking and terminology as well as hands on experience with data analytics tools and techniques. Accountants and managers need to understand the implications for decision-making and tap into the data to provide better insights. While there will be some use of tools in this course (programs such as Excel or SAS), the focus of this class is on concepts and critical thinking. Lecture 3 hours. Recommended Preparation: ACCTG 101

201
INTERMEDIATE ACCOUNTING I
5.0 Units
ACCTG 201 is an advanced course in financial accounting. Topics include the income statement preparation, statement of cash flow, time value of money, income measurement, balance sheet preparation, cash and receivables, and inventories.

Lecture 5 hours.

Prerequisite: ACCTG 101 or equivalent.

Course Typically Offered: Fall (Every Other Year). 

202
INTERMEDIATE ACCOUNTING II
5.0 Units
ACCTG 202 is a course that further develops the concepts of liabilities and owner’s equity. The course covers short and long term liabilities, leases, pensions and payroll liabilities, corporate income taxes, detailed preparation of Statement of Cash Flows, presentation of accounting changes and errors and disclosure and reporting responsibilities of a corporation.

Lecture 5 hours.

Prerequisite: ACCTG 101 or equivalent.

Course Typically Offered: Spring (Every Other Year). 

210
ADVANCED ACCOUNTING
5.0 Units
ACCTG 210 is an advanced course in financial accounting. Topics include business combinations, consolidated statements, goodwill, intercompany transactions, cash flow, earnings per share, special issues in investments, subsidiary equity transactions, leverage buyouts and partnerships.

Lecture 5 hours.

Prerequisite: ACCTG 201 or equivalent.

Course Typically Offered: Spring (Every Other Year). 

220
COST ACCOUNTING
3.0 Units
ACCTG 220 is an advanced course in managerial accounting. Topics include job costing, product costing, process costing, joint-process costing, activity based costing systems, support service costs, value chain, quality management, cost-volume-profit models, budgeting, variance analysis, capital investment decisions, and transfer pricing.

Lecture 3 hours.

Prerequisite: ACCTG 102 or equivalent.

Course Typically Offered: Spring (Every Other Year). 

225
AUDITING
3.0 Units
ACCTG 225 is an advanced course that addresses the concepts of audit evidence and materiality. Topics include the audit profession, audit risks, audit analysis, statistical sampling, planning the audit, conducting the audit, and reporting the results of an audit.

Lecture 3 hours.

Prerequisite: ACCTG 101.

Course Typically Offered: Fall/Spring. 

230
ACCOUNTING INFORMATION SYSTEMS
3.0 Units
ACCTG 230 is an advanced course that addresses the concepts of information and database systems used in a business. Topics include accounting information systems, data communications, database systems, information systems and processes, and other areas covered on the uniform CPA exam.

Lecture/Demonstration 3 hours.

Prerequisite: ACCTG 101 or equivalent.

Course Typically Offered: Spring. 

235
FRAUD EXAMINATION
3.0 Units
ACCTG 235 is an advanced course that addresses the principles and methodology of fraud detection and deterrence. The course includes such topics as skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, non-cash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses.

Lecture 3 hours.

Prerequisite: ACCTG 101 or equivalent.

Course Typically Offered: Fall. 

250
ACCOUNTING ETHICS
3.0 Units
ACCTG 250 is an advanced course that addresses the concepts of ethical reasoning and the decision process. Topics include the professional judgment, corporate governance, American Institute of Certified Public Accountants (AICPA) code of conduct, accounting fraud, legal and regulatory obligations, earnings management, quality of financial reporting and International Financial Reporting Standards (IFRS) ethics.

Lecture 3 hours.

Prerequisite: ACCTG 101.

Course Typically Offered: Spring.

Transfer Credit: CSU

For up-to-date course descriptions, please refer to the current GCC catalog.