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Business Administration

ACCOUNTING


List and Catalog Descriptions of Accounting/Taxation & Finance/Investments Courses (Go to http://curricunet.com/chabot/search/course/ to review the course outlines)

ACCOUNTING & TAXATION COURSES:

Business 1A - Financial Accounting (4 units)

Explores financial accounting, its importance and how it is used by internal and external users as a decision-making tool. Covers accounting information systems; application of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) to value assets, liabilities, and equity; preparation, interpretation and analysis of financial statements. Includes topics on cash flow statement, cash and accrual accounting concepts, merchandising operation, internal controls and ethics, reporting and accounting for receivables, payables, long-term assets and liabilities, inventory, depreciation, stockholders’ equity, stocks and bonds.

Strongly Recommended:
BUS 7 (completed with a grade of "C" or higher).

Business 1B - Managerial Accounting (4 units)

Examines how managers use accounting information in decision-making, planning, directing, operating, and controlling. Emphasis on cost terms and concepts, cost structure, cost behavior, cost-volume-profit analysis, profit planning, budgeting, budgetary controls, cost controls, accounting for manufacturing costs and ethics.

Prerequisite: BUS 1A (completed with a grade of "C" or higher).

Business 2 - Intermediate Accounting I (4 units)

Fundamental accounting standards and concepts, environment, framework, procedure and reporting for assets, liabilities, expenditures, and net income.

Prerequisite: BUS 1A (completed with a grade of "C" or higher). 4 untis.

Business 13 - Intermediate Accounting II (4 units)

Subject matters include current and long-term liabilities, stockholders’ equity, investments, pension and post-retirement benefits, leases, revenue recognition, cash flow statements, and full disclosure in financial reporting.

Prerequisite: BUS 1A (completed with a grade of "C" or higher).

Business 3 - Taxation of Individuals (3 units)

Preparation of Federal and California income tax returns for individuals through the absorption and application of income tax law, theory, practice. Completion of various tax forms, including Form 1040 (Individual), Schedules A (Itemized Deductions), B (Interest and Dividends), C (Profit or Loss from a Business), and D (Capital Gains and Losses). Other topics include depreciation, tax credits, tax planning, and tax research.

Requisites: none .

Business 18 - Taxation of Business Entities (3 units)

A study of current Federal income tax law as it relates to sole proprietorships, corporations (C corps, S corps), and partnerships (General and Limited Partnerships, Limited Liability Companies, and Limited Liability Partnerships. California tax law differences will be highlighted.

Prerequisite: BUS 7 (completed with a grade of "C" or higher) or , BUS 1A (completed with a grade of "C" or higher).

Business 4 - Cost Accounting (3 units)

Principles of cost build up and techniques for gathering cost, cost control, job order, process costing, managerial use of cost data, emphasis on application of principles.

Prerequisite: BUS 1B (completed with a grade of "C" or higher). 

Business 5 - Auditing (3 units)

Examines philosophy, environment, principles, and practices of financial statements audits. Topics include Generally Accepted Auditing Standards (GAAS), Sarbanes-Oxley Act regulatory environment, professional ethics, auditor’s responsibilities and legal liability; fraud, internal controls and audit risk; audit planning, audit procedures, sampling tools, audit evidence, documentation, opinions and reports.

Prerequisite: BUS 1A (completed with a grade of "C" or higher).
Strongly Recommended: BUS 2. 

Business 7 - Accounting for Small Business (3 units)

Bookkeeping practices and accounting cycle for service and merchandising sole proprietorship. Double-accounting entry system (debits and credits), books of original entry (journals), ledgers, adjusting and closing entries, income statement, balance sheets, and statement of owner’s equity, cash, banking activities, payroll, special journals, merchandising firms.

Requisites: none.

Business 8 - Payroll Accounting (3 units)

The laws, principles and procedures of payroll accounting in both manual and computerized environments. Concepts covered include preparation of payroll records and reports; payroll law and practices; computation of taxes, including Social Security, federal income tax, state income taxes, and unemployment taxes and voluntary withholdings.

Strongly Recommended: BUS 1A or BUS 7 or equivalent.

Business 11 - Governmental and Nonprofit Accounting (3 units)

A study of accounting, budgeting, auditing, fiscal procedures and financial records of governmental agencies such as state, county and municipal governments, as well as universities and colleges, hospitals, and certain nonprofit organizations.

Prerequisite: BUS 1A (completed with a grade of "C" or higher) or , BUS 7 (completed with a grade of "C" or higher).

Business 33 - Accounting Ethics (3 units)

A comprehensive study of ethical issues that accountants must address in the various sectors of accounting. Topics include general principles of ethics applied to accounting, personal responsibilities, the AICPA Code of Professional Conduct, tax/audit/accounting issues, confidentiality, independence, conflicts of interest, discreditable acts, whistleblower duties, and the Sarbanes-Oxley Act.

Prerequisite: BUS 1A (completed with a grade of "C" or higher).

Business 92 - Excel Spreadsheets fro Accounting (2 units)

Fundamentals of using electronic spreadsheets (Microsoft Excel) for accounting principles. Focus on solving accounting problems and completing accounting projects with Microsoft Excel.

Strongly Recommended: BUS 1A or equivalent or BUS 7 or equivalent and , CAS 54A.

Business 93 - QuickBooks (2 units)

QuickBooks introduces the concepts of bookkeeping/accounting using the theory of double-entry bookkeeping. Learn to use the QuickBooks software for a set up, service business and merchandising business. Setting up chart of accounts, accounts receivable, accounts payable, inventory, payroll and preparation and analysis of financial statements.

Strongly Recommended: BUS 1A , BUS 7 , or equivalent.

FINANCE & INVESTMENTS COURSES:

Business 43 - Personal Financial Planning (3 units)

Focuses on the time value of money, budgeting, use of credit, investing, taxation of personal income and assets, types of insurance and risk management, health care planning, retirement planning, and estate planning.

Requisites: none.

Business 44 - Introduction to Investments (4 units)

Application of investment principles and guidelines, including the various types of investments and asset classes. Securities markets, individual portfolio planning, basic risk and return considerations and basic investment alternatives, fundamental analysis, and a general overview of technical analysis. The course covers an overview of the corporate bond market, government securities, valuation of fixed-income securities, and investment companies. Course topics include basic calculations of the present and future time value of money and basic financial ratios. May not receive credit if Business 81 has been completed.

Strongly Recommended: Eligibility for MTH 65.

Business 44 - Green and Socially Responsible Investing (3 units)

Investment principles of Green and Socially Responsible Investing. Analysis of markets and firms with a focus on environmentally and socially responsible businesses. Study of investment basics including risk and return considerations. Equities and Mutual Funds. Creation of a Green and/or Socially Responsible investment portfolio.

Requisites: none.
 
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