Page 99 - 2019-20 GCC Catalog

96 ACCOUNTING

156 165 201
VOLUNTEER INCOME TAX TAX PLANNING, TAX RESEARCH, INTERMEDIATE ACCOUNTING I
ASSISTANCE (VITA) II AND TAX FRAUD 5.0 Units
1.0 Unit 3.0 Units ACCTG 201 is an advanced course in fi nan-
ACCTG 156 is a course in which students ACCTG 165 is a course in the principles cial accounting. Topics include the income
learn and apply the fundamental knowledge of tax planning and tax research. Topics statement preparation, statement of cash
of income tax preparation. With the assis- include general principles of tax planning, fl ow, time value of money, income measure-
tance of the instructor and state and federal self-employed versus employee tax plan- ment, balance sheet preparation, cash and
agents, the students will assist low income ning, family tax planning, fi xed and other receivables, and inventories. Lecture 5
and elderly citizens in the preparation of assets tax planning, deduction tax planning, hours. Prerequisite: ACCTG 101 or equiva-
Federal and State tax forms. Note: This course retirement planning, tax research proce- lent. Course Typically Off ered: Fall (Every
is Pass/No Pass only. Lecture 0.5 hour/Labo- dures, Internal Revenue Code, treasury and Other Year).
ratory 2 hours. Prerequisite: ACCTG 155 or judicial interruptions, primary and second- 202
equivalent. Note: May be taken 4 times for ary courses and tax procedures. Lecture 3 INTERMEDIATE ACCOUNTING II
credit. Course Typically Off ered: Spring. hours. Recommended Preparation: ACCTG 5.0 Units
150. Course Typically Off ered: Fall/Spring.
157 Transfer Credit: CSU. ACCTG 202 is a course that further develops
VOLUNTEER INCOME TAX the concepts of liabilities and owner’s equity.
ASSISTANCE (VITA) LEADERSHIP 170 The course covers short and long term liabili-
1.0 Unit CALIFORNIA BUSINESS TAXES ties, leases, pensions and payroll liabilities,
ACCTG 157 is a course in which students 2.0 Units corporate income taxes, detailed prepara-
learn and apply leadership skills by aiding ACCTG 170 is an advanced course in Cali- tion of Statement of Cash Flows, presenta-
fi rst year VITA volunteers in interview- fornia non-income business taxation. Topics tion of accounting changes and errors and
ing and preparing state and federal taxes. include sales and use taxes, real and personal disclosure and reporting responsibilities of
Students will guide and direct VITA Volun- property taxes, withholding on dispositions a corporation. Lecture 5 hours. Prerequisite:
teers in assisting low-income and elderly citi- of real estate, environmental taxes and fees, ACCTG 101 or equivalent. Course Typically
zens in the preparation of their federal and city business license taxes, and miscella- Off ered: Spring (Every Other Year).
state tax forms. Lecture 0.5 hour/Laboratory neous taxes. Lecture 2 hours. Prerequisite: 210
2 hours. Prerequisite: ACCTG 156 or equiva- ACCTG 101 or equivalent. Course Typically ADVANCED ACCOUNTING
lent. Note: May be taken 4 times for credit. Off ered: Spring (Every Other Year). 5.0 Units
Course Typically Off ered: Fall/Spring.
175 ACCTG 210 is an advanced course in fi nan-
160 ESTATE, GIFT, AND TRUST cial accounting. Topics include business
ADVANCED INCOME TAX TAXATION combinations, consolidated statements,
3.0 Units 2.0 Units goodwill, intercompany transactions, cash
ACCTG 160 covers the tax eff ects of account- ACCTG 175 covers estate, gift, and trust fl ow, earnings per share, special issues in
ing methods, rental and royalty income, taxation. Topics include computation of investments, subsidiary equity transac-
business income and expenses, mechanisms gross estate tax, valuation of gross estate, tions, leverage buyouts and partnerships.
for realizing income such as corporations deductions from the gross estate, transfers Lecture 5 hours. Prerequisite: ACCTG 201
and partnerships, and minimization of by gift, basis of property transferred by gift, or equivalent. Course Typically Off ered:
taxes through tax planning. This course is present and future interests, exclusions from Spring (Every Other Year).
of assistance to tax practitioners, individuals gift taxes, generation-skipping transfer tax 220
seeking an overview of the various methods (GST), and taxation of trusts. Lecture 2 hours. COST ACCOUNTING
of taxation, and those planning to take the Recommended Preparation: ACCTG 150 or 3.0 Units
Enrolled Agents examination given by the equivalent.
Internal Revenue Service. Lecture 3 hours. 180 ACCTG 220 is an advanced course in
Prerequisite: ACCTG 150 or equivalent. FINANCIAL ANALYSIS AND managerial accounting. Topics include job
Course Typically Off ered: Spring. Transfer COMMUNICATIONS costing, product costing, process costing,
Credit: CSU. joint-process costing, activity based costing
2.0 Units systems, support service costs, value chain,
ACCTG 180 is a course in which the students quality management, cost-volume-profit
apply the tools of the accounting profession models, budgeting, variance analysis, capital
to solve problems and complex case stud- investment decisions, and transfer pricing.
ies common in the industry. Topics include Lecture 3 hours. Prerequisite: ACCTG 102
the use of general ledger, database, and or equivalent. Course Typically Off ered:
spreadsheet programs, advanced fi nancial Spring (Every Other Year).
ratios, extensive budget creation with vari-
ance analysis, and real-time adjustments,
setting up a general ledger package, decision
making formulas, creating fi nancial state-
ments and producing spreadsheet for vari-
ous accounting decisions. Lecture 2 hours.
Recommended Preparation: ACCTG 101 or
equivalent; and CABOT 260 or CABOT 265 or
CABOT 270 or equivalent. Course Typically
Off ered: Fall/Spring.

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