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. Offered in winter quarter. It is recommended that students complete either CS 101 or CA 120, CA 140, CA 150, and CA 170 prior to enrollment. Course Outcomes: 1. Implement basic accounting principles within a small business environment ILO (1, 2, 4, 6) PLO (1, 2, 4, 5) 2. Integrate accounting concepts in a simulated business environment ILO (1, 2, 4, 6) PLO (1, 2, 4, 5) 3. Prepare business reports from financial data ILO (1, 2, 3, 4, 6) PLO (2, 4, 5) 4. Illustrate tax implications related to business activities ILO (1, 2, 3, 4, 5, 6) PLO (1, 2, 4, 5) 5. Synthesize ideas to communicate professionally using business reports ILO (1, 2, 3, 4, 5, 6) PLO (1, 2, 4, 5) 6. Formulate managerial decisions using financial data ILO (1, 2, 3, 4, 5, 6) PLO (1, 2, 4, 5) 7. Perform accounting and reporting functions using accounting technology ILO (1, 2, 3, 4, 6) PLO (1, 2, 4, 5) 8. Implement basic accounting principles within a small business environment 9. Integrate accounting concepts in a simulated business environment

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. Course Outcomes: 1. Implement human resource and accounting recording keeping in accordance with various payroll laws. 2. Prepare payroll data within payroll and accounting records 3. Explain how procedures are employed within a payroll system 4. Apply basic Washington State Business Excise Tax laws 5. Identify payroll law from valid sources 6. Integrate payroll law in a simulated business environment 7. Execute payroll recording functions in using technology

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. Course Outcomes: 1. Prepare a basic individual tax return 2. Apply basic statute of limitations relating to tax law for individuals 3. Calculate common tax penalties for basic individual tax returns 4. Identify federal tax law from valid sources 5. Integrate basic tax law in a simulated environment 6. Execute basic federal individual tax preparation using technology

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. Course Outcomes: 1. Compile financial information into QuickBooks Online (QBO) 2. Organize business data within QBO 3. Prepare transactions within QBO 4. Develop financial statements and other reports using functions within QBO 5. Develop bank and company cash balance reconciliations using functions within QBO 6. Complete period end accounting functions using QBO 7. Integrate accounting concepts within a simulated business environment using QBO

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. Course Outcomes: 1. Apply core financial accounting concepts and terminology. 2. Apply basic computational techniques to solve quantitative financial accounting problems. 3. Create journal entries from financial data for service and merchandising businesses. 4. Create financial statements for service and merchandising businesses 5. Evaluate financial statements for service and merchandising businesses 6. Outline internal controls of financial operations within a business environment. 7. Develop a cash reconciliation using financial data 8. Integrate basic financial accounting concepts in a simulated business environment 9. Organize financial data using appropriate technology resources

The theory and practice of accounting, including financial statements. Emphasis on partnership and corporate accounting. Course Outcomes: 1. Implement financial accounting concepts relating to current liabilities, including payroll. 2. Integrate various inventory cost flow assumptions in a simulated business environment. 3. Illustrate the application of depreciation, depletion and amortization principles 4. Implement financial accounting principles relating to long-term assets and liabilities 5. Execute financial accounting principles within a partnership form of business 6. Execute financial accounting principles within a corporate form of business 7. Assess financial performance using financial statement analysis concepts 8. Integrate financial accounting concepts in a simulated business environment 9. Organize financial data using appropriate technology resources

A continuation of ACCT& 202. Introduction of manufacturing and cost accounting. Analysis of financial statements, budgeting, and cost volume analysis. Course Outcomes: 1. Prepare a corporate statement of cash flows using financial data 2. Assess financial performance based on a corporate statement of cash flows 3. Explain basic managerial accounting concepts 4. Prepare financial statements and other reports for a manufacturing business 5. Evaluate financial data for a manufacturing business 6. Formulate managerial decisions using break even and cost-volume-profit analyses 7. Develop managerial accounting analyses to assist in business decisions 8. Integrate financial accounting concepts in a simulated business environment 9. Organize financial data using appropriate technology resources

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. Course Outcomes: 1. Apply advanced worksheet editing and formatting tools to present business data. 2. Design customized workbooks based on various business management scenarios 3. Demonstrate mastery of software functionality relating to navigation and formatting 4. Create formulas and functions under various business management scenarios 5. Create charts and tables to effectively communicate data 6. Apply software features to facilitate business decision making 7. Assess data presented in worksheets to make business decisions

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. Course Outcomes: 1. Determine how fraud affects our society by finding and reading contemporary cases. ILO (1,3) PLO (1,8) 2. Compare multiple schemes of fraud ranging from account level through financial statements. ILO (1,3) PLO (1,5,8) 3. Apply legal concepts to the prosecution of illegal acts involving fraud. ILO (1,3,5) PLO (1,7) 4. Apply Benford?s Law to data. ILO (1,2) PLO (1,7,8) 5. Practice with different types of software for fraud detection. ILO (1,4,5) PLO (1,2,8)