Accounting

Students will learn how to integrate accounting principles into a small business environment in order to record and process financial data. Students will also develop financial data for business and managerial decision-making, financial performance presentation, and business planning and tax planning. Students will also gain experience using Excel and QuickBooks as information tools to track and develop business information. It is recommended that students complete either CS 101 or CA 150 prior to enrollment.

A study of the various aspects of federal, state, and local taxes levied upon business. Emphasis placed on Federal Income and Social Security tax withholding, sales tax requirements, and various state regulations regarding employee health, safety, unemployment insurance, and business and occupation tax. Students practice completion of various tax reports and maintenance of accurate tax-related records. Offered spring quarter only.

This course emphasizes tax planning and tax recognition, not tax expertise. Students will be aware of the many issues and general solutions in taxation, including tax considerations in business decision-making, tax effects of business transactions; taxation of compensation; fringe benefits; capital gains; fixed asset transactions; tax credits; alternative minimum tax and passive activity rules, but leaving the detailed tax planning or compliance work for other tax courses. Offered fall quarter. It is recommended that students complete ACCT& 201 prior to enrollment.

This course requires students to use QuickBooks to account for service and merchandising businesses. The different modules include Accounts Receivable, Accounts Payable, Payroll, and integration of Microsoft Excel and Word.

Fundamentals of accounting as applied to actual business situations. Introduction to the accounting cycle for service and merchandising firms controlling to purchases and sales with business papers, special journals, and subsidiary ledgers.

The theory and practice of accounting, including financial statements. Emphasis on partnership and corporate accounting.

A continuation of ACCT& 202. Introduction of manufacturing and cost accounting. Analysis of financial statements, budgeting, and cost volume analysis.

Students will develop advanced business-related spreadsheet skills in developing and analyzing Excel worksheets under common business management scenarios. Topics include formulas, formatting, financial and lookup functions, charts, pivot tables, data tables, and other advanced features used to make business decisions and communicate financial, forecasting, and operational performance.

Accounting practices for the growing nonprofit segment of the economy (governmental units, educational institutions, hospitals, etc.) with a comparison to accounting for profit-making organizations. Includes a practice set to be used on microcomputer.

This course provides a perspective of Accounting Information Systems through the examination of fraud including various schemes, skimming, and check tampering. Accounting and legal principles provide a context for the big picture of occupational fraud and abuse. The behavioral theory and social factors that motivate perpetrators of fraud are explained. The Systems Understanding Aid (SUA) is an accounting practice set supported with documents to enhance understanding an accounting system.