ACCOUNTING

School of Business and Economics

ACCOUNTING (ACTG)

ACTG-04A FINANCIAL ACCOUNTING

4 units: 4 hours lecture.
CSU & UC Transferable
(C-ID: ACCT 110)
Advisory: MATH-C, MATH-61 or MATH-62.

This course provides the student with the knowledge of corporate financial statement reporting and the ability to analyze the reports of a corporation. Basic topics include analysis of transactions and preparation of financial statements related to developing an understanding of the financial condition of a corporation. This accounting course is recommended for students who have knowledge of or equivalent experience in the basics of bookkeeping. (05/22)

ACTG-04B MANAGERIAL ACCOUNTING

4 units: 4 hours lecture.
CSU & UC Transferable
(C-ID: ACCT 120)
One-way corequisite: ACTG-04A or ACTG-51.

This course provides students with instruction in managerial accounting. Topics include job-order and process costing, cost-volume-profit relationships, the contribution approach to costing, budgeting, standard costing, capital budgeting and investment decisions, and relevant costs for decision making. (05/22)

ACTG-31 COMPUTERIZED ACCOUNTING

2 units: 1 hour lecture, 3 hours lab.
CSU Transferable Only
Prerequisite: ACTG-04A or ACTG-51.
Advisories: AOM-30 and ENGL-01A

This course provides instruction in computer-assisted accounting. Topics include general ledger setup, accounts receivable setup, accounts payable setup, transactions and reports, financial statement analysis, depreciation, and payroll. (05/22)

ACTG-51 APPLIED ACCOUNTING

4 units: 4 hours lecture.
Advisory: ENGL-01A; MATH-C, MATH-61 or MATH-62.

This course is an entry-level accounting course emphasizing a preparer approach using manual accounting methods, and comparing them to current computerized accounting. Basic course work during the first half of the semester relates to the sole proprietorship type organization. During the second half of the course the emphasis changes to cover the basics of partnership and corporate accounting. Students will become acquainted with both the theory and terminology associated with the accounting cycle and within an accounting system. Other topics in accounting may also be covered including payroll, cash, inventory, bad debts, and depreciation. (05/22)

ACTG-52 PAYROLL RECORDS AND ACCOUNTING

3 units: 3 hours lecture.
One-way corequisite: ACTG-04A or ACTG-51.
Advisory: ENGL-01A; MATH-95S.

This course covers payroll tax laws, computation of payroll taxes, completion of payroll tax forms, and the recording of payroll transactions in the journal. Emphasis is placed on computing gross wages, calculating withholding amounts (such as Social Security, Medicare, income taxes (federal & state), and unemployment taxes); determining net pay; preparing appropriate tax forms with reporting requirements; and journalizing/ posting payroll transactions. Upon completion, students should be able to analyze data, make appropriate calculations, complete payroll tax forms, and prepare accounting entries. (05/22

ACTG-53 FUNDAMENTALS OF INCOME TAX ACCOUNTING

3 units: 3 hours lecture.
Advisory: ACTG-04A or ACTG-51

This course provides the student with the knowledge of tax laws, accounting procedures, and preparation of required returns for federal income taxes. An introduction to partnership and corporate taxation, as well as a brief overview of tax administration, will supplement the course material. (05/22)