Business Administration

ACCOUNTING

List and Catalog Descriptions of Accounting Courses (click on each class to review the course outline)

Business 1A - Financial Accounting

Explores financial accounting, its importance and how it is used by internal and external users as decision-making tool. Covers forms of organizations; accounting information systems; application of general accounting principles; and preparation, interpretation and analysis of various forms of financial statements. Includes topics on cash flow statement, cash and accrual accounting concepts, merchandising operation, internal control and ethics, reporting and accounting for receivables, payables, long-term assets and liabilities, inventory, depreciation, stockholders? equity, stocks and bonds. Strongly recommended: Business 7. 4 hours

Business 1B - Managerial Accounting

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: Business 1A (completed with a grade of "C" or higher). 4 hours.

Business 2 - Intermediate Accounting

Fundamental accounting standards and concepts, environment, framework, procedure and reporting for assets, liabilities, expenditures, and net income.  Prerequisite:  Business 1B (completed with a grade of C or higher).  3 hours.

Business 3 - Income Tax Accounting

Analysis of the current Federal regulations that affect the income tax liability of individuals.  Emphasis on the Federal rules and differences in the California Law.  4 hours.

Business 4 - Cost Accounting

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: Business 1B (completed with a grade of C or higher).  3 hours.

Business 7 - Accounting for Small Business

Bookkeeping practices for a sole proprietorship. Debit and credit practice, books of original entry, ledgers, working papers, adjusting and closing entries, income statement, balance sheets, and statement of owner?s equity, cash, payroll, special journals, merchandising firms. 3 hours lecture, 1 hour laboratory.

Business 8 - Payroll Accounting

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:  Business 1A or Business 7 or equivalent.      3 hours lecture.

Business 80 - Personal Financial Planning

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. 3 hours.

Business 81 - Introduction to Investments

Application of investment principles, including the various types of securities, the problems of securing capital for business ownership and the decisions involved in an individual or a corporate investment program.  3 hours.

Business 83 - Computerized Accounting Using Excel and QuickBooks

Introduction to computerized accounting using Excel and QuickBooks. Using software to process the accounting cycle using the general journal and the general ledger for a service organization. Recording transactions, posting, making adjustments, and preparing financial statements. Using Excel spreadsheets and QuickBooks modules for a merchandising organization. Specific modules include accounts payable, accounts receivable, inventory, and payroll. Strongly recommended: Business 1A, Business 7 or equivalent. 1 hour lecture, 3 hours laboratory.