Page 103 - GCC 2020-2021 Catalog

ACCOUNTING 99
ACCOUNTING
50
ACCOUNTING INTERNSHIP
1.0 to 3.0 Units
ACCTG 50 is a discipline-specific course,
which allows students to earn from 1.0 – 3.0
units for a structured, supervised internship
either on-campus or off-campus under the
supervision of a faculty advisor. It is designed the course. The majority of the course covers
to provide students with appropriate prepa-
ration and a hands-on work experience in one
of the following fields: Public accounting,
Management accounting, Governmental
accounting, and Internal auditing. The
purpose of this class is to enhance students’
knowledge, skill levels, and professional
competency in their targeted career. This
course is recommended for the self-moti-
vated student, and requires faculty advisor
approval to register. Note: Students must
arrange an approved internship prior to
enrolling in this class. Complete two or more
courses within your program before attempt-
ing an internship. Note: This course is Pass/
No Pass only. Recommended Preparation or
concurrent enrollment: Eligibility for ENGL
120 or ESL 151. Transfer Credit: CSU.
101
FINANCIAL ACCOUNTING
5.0 Units
ACCTG 101 introduces students to the use
of accounting information, and to analysis
using accounting and financial concepts
and terminology. Accounting information
is presented from the user’s viewpoint. The
course covers financial accounting, dealing
with such topics as the accounting cycle,
revenue and expense recognition, internal
control, external reporting requirements,
cash flow, financial statement analysis,
GAAP, IFRS and asset, liability, and stock-
holder’s equity valuation. Ethical issues and
open-ended exercises requiring critical judg-
ment and narrative response by students may
be used throughout the course. Note: ACCTG
101 may not be taken by students who have
completed ACCTG 106 with a grade of “C”
or better. Lecture 5 hours. Recommended
Preparation: Concurrent enrollment or
completion of CABOT 260 or 270 or equiva-
lent spreadsheet experience. Prerequisite:
None Course Typically Offered: Winter/
Spring/Summer/Fall. Transfer Credit: CSU,
UC, USC. (C-ID ACCT 110)
2 0 2 0 – 2 0 2 1 C ATA L O G • G L E N DA L E C O M M U N I T Y C O L L E G E
102
MANAGERIAL ACCOUNTING
5.0 Units
ACCTG 102 continues student development
in the use of accounting concepts. It presents
managerial accounting from an information-
user, decision-making viewpoint. Emphasis
is placed on developing students’ ability to
critically judge and evaluate issues covered in from assorted accounting software. Note:
managerial accounting for business opera-
tions, stressing four-year college transfer
expectations, with the remainder concerned
with financial management, and evaluating
businesses. Ethical issues and open-ended
exercises requiring critical judgment and
narrative response by students may be used
throughout the course. Lecture 5 hours.
Prerequisite: ACCTG 101 or equivalent.
Recommended Preparation: Concurrent
enrollment or completion of CABOT 260 or
270, or equivalent spreadsheet experience.
Course Typically Offered: Winter/Spring/
Summer/Fall. Transfer Credit: CSU, UC,
USC. (C-ID ACCT 120)
110
BASIC ACCOUNTING I
4.0 Units
ACCTG 110 is an introductory course in
bookkeeping including study of the account-
ing equation, the theory of debit and credit,
accounting devices, working papers and
business forms, and the preparation of
balance sheets and income statements. Note:
This course is suitable for students to prepare
for ACCTG 101 and for those interested in
financial recordkeeping for small business.
No credit will be awarded for ACCTG 110 if
taken concurrently with ACCTG 101 or after
completion of ACCTG 101 or ACCTG 102.
Lecture 4 hours. Prerequisite: None. Course
Typically Offered: Fall/Spring.
120
COMPUTERIZED ACCOUNTING
SYSTEMS
3.0 Units
ACCTG 120 provides students with computer
skills required for employment in the field
of computerized accounting. This course
provides an introduction to the basics of
accounting application software for book-
keepers, accountants, and business manag-
ers. Lecture 3 hours. Recommended Prepa-
ration: Concurrent Enrollment in Account-
ing 101 or Accounting 110 or equivalent
experience in accounting. Course Typically
Offered: Fall/Spring.
121
ADVANCED COMPUTERIZED
ACCOUNTING
3.0 Units
ACCTG 121 is an advanced course allowing
students to learn computerized accounting
skills using two of the most used accounting
programs, prepare sophisticated practice sets
This course is Pass/No Pass only. Lecture 3
hours. Recommended Preparation: ACCTG
101, ACCTG 110, ACCTG 120, OBT 97 or
equivalent. Course Typically Offered: Fall/
Winter.
130
PAYROLL ACCOUNTING
3.0 Units
ACCTG 130 is an in-depth and practical
instruction in payroll accounts. It offers
an opportunity for the student to learn
essential concepts of payroll and to master
these concepts thoroughly by complet-
ing a wide variety of realistic activities. It
covers payroll laws, payroll calculations,
paying and recording payroll, Federal and
State payroll taxes and returns and payroll
systems - manual and Computerized-Payroll
Accounting. Lecture 3 hours. Recommended
Preparation: ACCTG 101, ACCTG 110 or
equivalent. Course Typically Offered: Fall/
Spring.
150
PRINCIPLES OF INCOME TAXATION
3.0 Units
ACCTG 150 is a course that focuses on the
analysis and preparation of tax returns, item-
ized deductions, and a technical proficiency
in federal and state tax law as it applies to
the individual. This course provides the
foundation of knowledge required for tax
practitioners. Lecture 3 hours. Prerequi-
site: None. Course Typically Offered: Fall/
Spring. Transfer Credit: CSU
155
VOLUNTEER INCOME TAX
ASSISTANCE (VITA) I
3.0 Units
ACCTG 155 is a course that teaches the
fundamental knowledge of Federal and State
Income Tax Preparation. The concentration
will be on the tax information for the low
income and elderly and computer gener-
ated tax returns. Note: This course is Pass/
No Pass only. Lecture 3 hours. Prerequisite:
ACCTG 150 or equivalent. Course Typically
Offered: Winter (Every Other Year).