Page 104 - GCC 2020-2021 Catalog

100 ACCOUNTING
156
VOLUNTEER INCOME TAX
ASSISTANCE (VITA) II
1.0 Unit
ACCTG 156 is a course in which students
learn and apply the fundamental knowl-
edge of income tax preparation. With the
assistance of the instructor and state and
federal agents, the students will assist low
income and elderly citizens in the prepara-
tion of Federal and State tax forms. Note:
This course is Pass/No Pass only. Lecture
0.5 hour/Laboratory 2 hours. Prerequisite:
ACCTG 155 or equivalent. Note: May be
taken 4 times for credit. Course Typically
Offered: Spring.
157
VOLUNTEER INCOME TAX
ASSISTANCE (VITA) LEADERSHIP
1.0 Unit
ACCTG 157 is a course in which students
learn and apply leadership skills by aiding
first year VITA volunteers in interview-
ing and preparing state and federal taxes.
Students will guide and direct VITA Volun-
teers in assisting low-income and elderly citi- neous taxes. Lecture 2 hours. Prerequisite:
zens in the preparation of their federal and
state tax forms. Lecture 0.5 hour/Laboratory
2 hours. Prerequisite: ACCTG 156 or equiva-
lent. Note: May be taken 4 times for credit.
Course Typically Offered: Fall/Spring.
160
ADVANCED INCOME TAX
3.0 Units
ACCTG 160 covers the tax effects of account-
ing methods, rental and royalty income,
business income and expenses, mechanisms
for realizing income such as corporations
and partnerships, and minimization of
taxes through tax planning. This course is
of assistance to tax practitioners, individuals Recommended Preparation: ACCTG 150 or
seeking an overview of the various methods
of taxation, and those planning to take the
Enrolled Agents examination given by the
Internal Revenue Service. Lecture 3 hours.
Prerequisite: ACCTG 150 or equivalent.
Course Typically Offered: Spring. Transfer
Credit: CSU
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
165
TAX PLANNING, TAX RESEARCH,
AND TAX FRAUD
3.0 Units
ACCTG 165 is a course in the principles
of tax planning and tax research. Topics
include general principles of tax planning,
self-employed versus employee tax plan-
ning, family tax planning, fixed and other
assets tax planning, deduction tax planning,
retirement planning, tax research proce-
dures, Internal Revenue Code, treasury and
judicial interruptions, primary and second-
ary courses and tax procedures. Lecture 3
hours. Recommended Preparation: ACCTG
150. Course Typically Offered: Fall/Spring.
170
CALIFORNIA BUSINESS TAXES
2.0 Units
ACCTG 170 is an advanced course in Cali-
fornia non-income business taxation. Topics
include sales and use taxes, real and personal
property taxes, withholding on dispositions
of real estate, environmental taxes and fees,
city business license taxes, and miscella-
ACCTG 101. Course Typically Offered:
Spring (Every Other Year).
175
ESTATE, GIFT, AND TRUST
TAXATION
2.0 Units
ACCTG 175 covers estate, gift, and trust
taxation. Topics include computation of
gross estate tax, valuation of gross estate,
deductions from the gross estate, transfers
by gift, basis of property transferred by gift, preparation of Statement of Cash Flows,
present and future interests, exclusions from
gift taxes, generation-skipping transfer tax
(GST), and taxation of trusts. Lecture 2 hours. sibilities of a corporation. Lecture 5 hours.
equivalent. Typically Offered: Spring.
180
FINANCIAL ANALYSIS AND
COMMUNICATIONS
2.0 Units
ACCTG 180 is a course in which the students
apply the tools of the accounting profession
to solve problems and complex case stud-
ies common in the industry. Topics include
the use of general ledger, database, and
spreadsheet programs, advanced financial
ratios, extensive budget creation with vari-
ance analysis, and real-time adjustments,
setting up a general ledger package, decision
making formulas, creating financial 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
Offered: Fall/Spring.
185
DATA ANALYTICS FOR ACCOUNTING
3.0 Units
ACCTG 185 is an introductory course focus-
ing on the concepts of data analytics used in
a business and provides students with a basic
understanding of data analytic thinking and
terminology as well as hands on experience
with data analytics tools and techniques.
Accountants and managers need to under-
stand the implications for decision-making
and tap into the data to provide better
insights. While there will be some use of tools
in this course (programs such as Excel or
SAS), the focus of this class is on concepts and
critical thinking. Lecture 3 hours. Recom-
mended Preparation: ACCTG 101
201
INTERMEDIATE ACCOUNTING I
5.0 Units
ACCTG 201 is an advanced course in finan-
cial accounting. Topics include the income
statement preparation, statement of cash
flow, time value of money, income measure-
ment, balance sheet preparation, cash and
receivables, and inventories. Lecture 5 hours.
Prerequisite: ACCTG 101. Course Typically
Offered: Fall.
202
INTERMEDIATE ACCOUNTING II
5.0 Units
ACCTG 202 is a course that further devel-
ops the concepts of liabilities and owner’s
equity. The course covers short and long
term liabilities, leases, pensions and payroll
liabilities, corporate income taxes, detailed
presentation of accounting changes and
errors and disclosure and reporting respon-
Prerequisite: ACCTG 101. Course Typically
Offered: Spring.
210
ADVANCED ACCOUNTING
5.0 Units
ACCTG 210 is an advanced course in finan-
cial accounting. Topics include business
combinations, consolidated statements,
goodwill, intercompany transactions, cash
flow, earnings per share, special issues in
investments, subsidiary equity transac-
tions, leverage buyouts and partnerships.
Lecture 5 hours. Prerequisite: ACCTG 201
or equivalent. Course Typically Offered:
Spring (Every Other Year).