Page 100 - 2018-19

96 Accounting

156 170 202
VOLUNTEER INCOME TAX CALIFORNIA BUSINESS TAXES INTERMEDIATE ACCOUNTING II
ASSISTANCE (VITA) II 2.0 Units 5.0 Units
1.0 Unit ACCTG 170 is an advanced course in Cali- ACCTG 202 is a course that further develops
ACCTG 156 is a course in which students fornia non-income business taxation. Topics the concepts of liabilities and owner’s equity.
learn and apply the fundamental knowledge include sales and use taxes, real and personal The course covers short and long term liabili-
of income tax preparation. With the assis- property taxes, withholding on dispositions ties, leases, pensions and payroll liabilities,
tance of the instructor and state and federal of real estate, environmental taxes and fees, corporate income taxes, detailed prepara-
agents, the students will assist low income city business license taxes, and miscella- tion of Statement of Cash Flows, presenta-
and elderly citizens in the preparation of neous taxes. Lecture 2 hours. Prerequisite: tion of accounting changes and errors and
Federal and State tax forms. Lecture 0.5 hour/ ACCTG 101 or ACCTG 106 or equivalent. disclosure and reporting responsibilities of
Laboratory 2 hours. Prerequisite: ACCTG Course Typically Off ered: Spring (Every a corporation. Lecture 5 hours. Prerequisite:
155 or equivalent. Note: May be taken 4 times Other Year). ACCTG 101 or equivalent. Course Typically
for credit. Course Typically Off ered: Spring. Off ered: Spring (Every Other Year).
175
157 ESTATE, GIFT, AND TRUST 210
VOLUNTEER INCOME TAX TAXATION ADVANCED ACCOUNTING
ASSISTANCE (VITA) LEADERSHIP 2.0 Units 5.0 Units
1.0 Unit ACCTG 175 covers estate, gift, and trust ACCTG 210 is an advanced course in fi nan-
ACCTG 157 is a course in which students taxation. Topics include computation of cial accounting. Topics include business
learn and apply leadership skills by aiding gross estate tax, valuation of gross estate, combinations, consolidated statements,
fi rst year VITA volunteers in interview- deductions from the gross estate, transfers goodwill, intercompany transactions, cash
ing and preparing state and federal taxes. by gift, basis of property transferred by gift, fl ow, earnings per share, special issues in
Students will guide and direct VITA Volun- present and future interests, exclusions from investments, subsidiary equity transac-
teers in assisting low-income and elderly citi- gift taxes, generation-skipping transfer tax tions, leverage buyouts and partnerships.
zens in the preparation of their federal and (GST), and taxation of trusts. Lecture 2 hours. Lecture 5 hours. Prerequisite: ACCTG 201
state tax forms. Lecture 0.5 hour/Laboratory Recommended Preparation: ACCTG 150 or or equivalent. Course Typically Off ered:
2 hours. Prerequisite: ACCTG 156 or equiva- equivalent. Spring (Every Other Year).
lent. Note: May be taken 4 times for credit. 180 220
Course Typically Off ered: Fall/Spring.
FINANCIAL ANALYSIS AND COST ACCOUNTING
160 COMMUNICATIONS 3.0 Units
ADVANCED INCOME TAX 2.0 Units ACCTG 220 is an advanced course in
3.0 Units ACCTG 180 is a course in which the students managerial accounting. Topics include job
ACCTG 160 covers the tax eff ects of account- apply the tools of the accounting profession costing, product costing, process costing,
ing methods, rental and royalty income, to solve problems and complex case stud- joint-process costing, activity based costing
business income and expenses, mechanisms ies common in the industry. Topics include systems, support service costs, value chain,
for realizing income such as corporations the use of general ledger, database, and quality management, cost-volume-profit
and partnerships, and minimization of spreadsheet programs, advanced fi nancial models, budgeting, variance analysis, capital
taxes through tax planning. This course is ratios, extensive budget creation with vari- investment decisions, and transfer pricing.
of assistance to tax practitioners, individuals ance analysis, and real-time adjustments, Lecture 3 hours. Prerequisite: ACCTG 102
seeking an overview of the various methods setting up a general ledger package, decision or equivalent. Course Typically Off ered:
of taxation, and those planning to take the making formulas, creating fi nancial state- Spring (Every Other Year).
Enrolled Agents examination given by the ments and producing spreadsheet for vari- 225
Internal Revenue Service. Lecture 3 hours. ous accounting decisions. Lecture 2 hours. AUDITING
Prerequisite: ACCTG 150 or equivalent. Recommended Preparation: ACCTG 101 or 3.0 Units
Course Typically Off ered: Spring. Transfer equivalent; and CABOT 260 or CABOT 265 or
Credit: CSU. CABOT 270 or equivalent. Course Typically ACCTG 225 is an advanced course that
Off ered: Fall/Spring. addresses the concepts of audit evidence and
165 materiality. Topics include the audit profes-
TAX PLANNING, TAX RESEARCH, 201 sion, audit risks, audit analysis, statistical
AND TAX FRAUD INTERMEDIATE ACCOUNTING I sampling, planning the audit, conducting the
3.0 Units 5.0 Units audit, and reporting the results of an audit.
ACCTG 165 is a course in the principles ACCTG 201 is an advanced course in fi nan- Lecture 3 hours. Prerequisite: ACCTG 101 or
of tax planning and tax research. Topics cial accounting. Topics include the income ACCTG 106 or equivalent. Course Typically
include general principles of tax planning, statement preparation, statement of cash Off ered: Fall/Spring.
self-employed versus employee tax plan- fl ow, time value of money, income measure-
ning, family tax planning, fi xed and other ment, balance sheet preparation, cash and
assets tax planning, deduction tax planning, receivables, and inventories. Lecture 5 hours.
retirement planning, tax research proce- Prerequisite: ACCTG 101 or ACCTG 106 or
dures, Internal Revenue Code, treasury and equivalent. Course Typically Off ered: Fall
judicial interruptions, primary and second- (Every Other Year).
ary courses and tax procedures. Lecture 3
hours. Recommended Preparation: ACCTG
150. Course Typically Off ered: Fall/Spring.

2018–2019 C A T ALOG • G LEND ALE C OMMUNITY C OLLEGE