Page 98 - 2019-20 GCC Catalog

ACCOUNTING 95

ACCOUNTING 102 121
MANAGERIAL ACCOUNTING ADVANCED COMPUTERIZED
50 5.0 Units ACCOUNTING
ACCOUNTING INTERNSHIP ACCTG 102 continues student development 3.0 Units
1.0 to 3.0 Units in the use of accounting concepts. It presents ACCTG 121 is an advanced course allowing
ACCTG 50 is a discipline-specifi c course, managerial accounting from an information- students to learn computerized accounting
which allows students to earn from 1.0 – 3.0 user, decision-making viewpoint. Emphasis skills using two of the most used accounting
units for a structured, supervised internship is placed on developing students’ ability to programs, prepare sophisticated practice sets
either on-campus or off -campus under the critically judge and evaluate issues covered in from assorted accounting software. Note:
supervision of a faculty advisor. It is designed the course. The majority of the course covers This course is Pass/No Pass only. Lecture 3
to provide students with appropriate prepara- managerial accounting for business opera- hours. Recommended Preparation: ACCTG
tion and a hands-on work experience in one tions, stressing four-year college transfer 101, ACCTG 110, ACCTG 120, OBT 97 or
of the following fi elds: Public accounting, expectations, with the remainder concerned equivalent. Course Typically Off ered: Fall/
Management accounting, Governmental with fi nancial management, and evaluating Winter.
accounting, and Internal auditing. The businesses. Ethical issues and open-ended 130
purpose of this class is to enhance students’ exercises requiring critical judgment and PAYROLL ACCOUNTING
knowledge, skill levels, and professional narrative response by students may be used 3.0 Units
competency in their targeted career. This throughout the course. Lecture 5 hours. ACCTG 130 is an in-depth and practical
course is recommended for the self-motivated Prerequisite: ACCTG 101 or equivalent. instruction in payroll accounts. It off ers
student, and requires faculty advisor approval Recommended Preparation: Concurrent an opportunity for the student to learn
to register. Note: Students must arrange an enrollment or completion of CABOT 260 or essential concepts of payroll and to master
approved internship prior to enrolling in this 270, or equivalent spreadsheet experience. these concepts thoroughly by complet-
class. Complete two or more courses within Course Typically Off ered: Winter/Spring/ ing a wide variety of realistic activities. It
your program before attempting an intern- Summer/Fall. Transfer Credit: CSU, UC, covers payroll laws, payroll calculations,
ship. Note: This course is Pass/No Pass only. USC. (C-ID ACCT 120) paying and recording payroll, Federal and
Recommended Preparation or concurrent 110 State payroll taxes and returns and payroll
enrollment: Eligibility for ENGL 120 or ESL BASIC ACCOUNTING I systems - manual and Computerized-Payroll
151. Transfer Credit: CSU. 4.0 Units Accounting. Lecture 3 hours. Recommended
101 ACCTG 110 is an introductory course in Preparation: ACCTG 101, ACCTG 110 or
FINANCIAL ACCOUNTING bookkeeping including study of the account- equivalent. Course Typically Off ered: Fall/
5.0 Units ing equation, the theory of debit and credit, Spring.
ACCTG 101 introduces students to the use accounting devices, working papers and 150
of accounting information, and to analysis business forms, and the preparation of PRINCIPLES OF INCOME TAXATION
using accounting and fi nancial concepts balance sheets and income statements. Note: 3.0 Units
and terminology. Accounting information This course is suitable for students to prepare ACCTG 150 is a course that focuses on the
is presented from the user’s viewpoint. The for ACCTG 101 and for those interested in analysis and preparation of tax returns, item-
course covers fi nancial accounting, dealing fi nancial recordkeeping for small business. ized deductions, and a technical profi ciency
with such topics as the accounting cycle, No credit will be awarded for ACCTG 110 if in federal and state tax law as it applies to
revenue and expense recognition, internal taken concurrently with ACCTG 101 or after the individual. This course provides the
control, external reporting requirements, completion of ACCTG 101 or ACCTG 102. foundation of knowledge required for tax
cash flow, financial statement analysis, Lecture 4 hours. Prerequisite: None. Course practitioners. Lecture 3 hours. Prerequi-
GAAP, IFRS and asset, liability, and stock- Typically Off ered: Fall/Spring. site: None. Course Typically Off ered: Fall/
holder’s equity valuation. Ethical issues and 120 Spring. Transfer Credit: CSU
open-ended exercises requiring critical judg- COMPUTERIZED ACCOUNTING
ment and narrative response by students may SYSTEMS 155
be used throughout the course. Note: ACCTG 3.0 Units VOLUNTEER INCOME TAX
101 may not be taken by students who have ACCTG 120 provides students with computer ASSISTANCE (VITA) I
completed ACCTG 106 with a grade of “C” skills required for employment in the fi eld 3.0 Units
or better. Lecture 5 hours. Recommended of computerized accounting. This course ACCTG 155 is a course that teaches the
Preparation: Concurrent enrollment or provides an introduction to the basics of fundamental knowledge of Federal and State
completion of CABOT 260 or 270 or equiva- accounting application software for book- Income Tax Preparation. The concentration
lent spreadsheet experience. Prerequisite: keepers, accountants, and business manag- will be on the tax information for the low
None Course Typically Off ered: Winter/ ers. Lecture 3 hours. Recommended Prepa- income and elderly and computer generated
Spring/Summer/Fall. Transfer Credit: CSU, ration: Concurrent Enrollment in Account- tax returns. Note: This course is Pass/No Pass
UC, USC. (C-ID ACCT 110) only. Lecture 3 hours. Prerequisite: ACCTG
ing 101 or Accounting 110 or equivalent
experience in accounting. Course Typically 150 or equivalent. Course Typically Off ered:
Off ered: Fall/Spring. Transfer Credit: CSU. Winter (Every Other Year).

2019–2020 C A T ALOG • G LEND ALE C OMMUNITY C OLLEGE