Academic Catalog 2023-2024

ACC - Accounting

ACC 2000  Principles of Accounting for Non-Business Majors  (3 Units)  

This course presents an introduction to: (1) the theory and practice of financial accounting, including the measuring, recording, and reporting of business transactions for external uses, and (2) the study of managerial accounting, including the analysis of accounting information for planning and management decision-making. Topics include the understanding and preparation of financial statements and all related component sections, cost behavior, budgeting, time value of money, and performance measurement and evaluation techniques.

ACC 2001  Principles of Financial Accounting  (4 Units)  

The theory and practice of accounting applicable to measuring, recording, and reporting business transactions for external users. Topics include generally accepted accounting principles with introductions to business ethics, the accounting process, financial statement preparation, merchandising operations, short-term liquid assets, fixed assets, inventories, current and long-term liabilities, and owner's equity.

Prerequisite(s): All students must have a laptop computer.  
Pre or Corequisite(s): BUS 1000  
Recommended: Recommended for sophomores.  
ACC 2002  Principles of Managerial Accounting  (3 Units)  

A study of accounting information systems used to assist decision makers through identifying, measuring, and processing relevant information and communicating the information through reports. Topics include cost concepts and allocations, cost volume profit analysis, budgeting, performance measurement and evaluation techniques, short run decision analysis, pricing decisions, and capital investment analysis.

Prerequisite(s): ACC 2001  
Pre or Corequisite(s): MTH 1053 or MTH 1073, or consent of instructor for non-majors.  
Recommended: Recommended for sophomores.  
ACC 3020  Principles of Taxation  (3 Units)  

A study of fundamental federal income tax laws as they relate primarily to individuals. Topics include taxable income, allowable deductions, property transactions, and tax determination. Basic concepts related to partnership and corporate taxation, payroll and sales tax reporting will also be addressed.

Prerequisite(s): ACC 2002  
ACC 3050  Ethics in Accounting  (3 Units)  

This course provides students with the theoretical knowledge and practical framework to identify and deal with ethical conflicts that are encountered in the accounting profession. Topics include ethical principles and reasoning, core philosophies, virtues and justice, social responsibility, greed, corruption, collusion, fraud, earnings management, confidentiality, independence, moral seduction, and conflicts of interest.

Prerequisite(s): ACC 2002  
ACC 3070  Intermediate Accounting I  (3 Units)  

This course provides a review of the accounting reporting process with an in-depth study of generally accepted accounting principles as they relate to assets and their related income statement accounts. Topics also include time value concepts and the recognition of revenue.

Prerequisite(s): ACC 2002, MTH 1053 or MTH 1073, or consent of instructor.  
ACC 3071  Intermediate Accounting II  (3 Units)  

This course provides a review of the accounting reporting process with an in-depth study of generally accepted accounting principles as they relate to liabilities, stockholders' equity, and their related income statement accounts. Topics include special accounting problems, accounting for investments, dilutive securities, income taxes, post-retirement benefits, leases, and the statement of cash flows.

Prerequisite(s): ACC 3070  
ACC 3075  Managerial Cost Accounting  (3 Units)  

A study of basic cost accounting concepts and procedures, with emphasis on the development, interpretation, and application of managerial accounting information for planning, control, and decision-making. Topics include financial statement analysis, break-even analysis, profit planning, product costing theories and systems, pricing and budgeting strategies, and project control tools in commercial and government cost accounting.

Prerequisite(s): ACC 2002  
ACC 4010  Federal Tax Accounting I  (3 Units)  

A study of the basic Federal income tax laws as they relate primarily to individuals. Topics include gross income inclusions and exclusions, deductions for and from adjusted gross income, depreciation and cost recovery, gains and losses on property transactions, at-risk provisions and passive loss rules, tax determination, credits, exemptions, filing status, and tax planning.

Prerequisite(s): ACC 2002  
ACC 4011  Federal Tax Accounting II  (3 Units)  

A study of Federal income tax laws as they primarily relate to corporations and partnerships. Topics include the components of the tax formula for corporations and partnerships, including organization and capital structure, redemptions, liquidations, and reorganizations. Additional topics include basic components and issues involving gift and estate taxation, multi-state tax allocation and apportionment, tax-exempt entities, tax planning, and tax administration.

Prerequisite(s): ACC 4010  
ACC 4020  Accounting Information Systems  (3 Units)  

This course explores accounting information systems principles and practices related to designing, maintaining and enhancing business systems and processes. Topics include business analysis, databases and enterprise systems, internal controls, reporting, IT security and fraud, and emerging technologies. Students will be exposed to various accounting software applications.

Prerequisite(s): ACC 2002  
ACC 4021  Advanced Accounting  (3 Units)  

This course prepares students in advanced accounting knowledge. Topics include multinational entities, partnerships, government entities, and not-for-profit organizations.

Prerequisite(s): ACC 3071  
ACC 4025  Financial Statement Analysis and Valuation  (3 Units)  

An applications-oriented course designed to develop the tools essential to evaluate the performance and assess the value of companies from a decision maker's perspective. Topics include industry and competitive strategy analysis, accounting analysis, ratio analysis, forecasting, earnings and cash based valuation models, and equity and credit analysis.

Also offered as FIN 4025.  
Prerequisite(s): FIN 3035 and Senior standing only.  
ACC 4060  Auditing  (3 Units)  

A study of the attest functions of independent public accountants with emphasis on the philosophy of auditing. Topics include auditing standards, professional conduct, legal liability, internal control, audit evidence and techniques, and accountants' reporting responsibilities.

Prerequisite(s): ACC 3071 or consent of instructor; Senior standing only.  
Pre or Corequisite(s): ACC 4021 or consent of instructor.  
ACC 4089  Internship in Accounting  (1-3 Units)  

This course requires on-the-job experience in accounting where students exercise decision-making skills, problem-solving skills, communication skills, and accounting knowledge acquired in the student's academic program. In addition, students create a professional online e-portfolio including cover letter, resume, letters of recommendation, personal background, target industry information, work samples, and internship reports/evaluations.

May be repeated for a maximum of six (6) units. Credit/No Credit.  
Prerequisite(s): BUS 3013, Junior or Senior Standing, and consent of instructor.  
"C" Designation is for California Internships. "E" Designation is for Out of State Internships.  
ACC 4090  Special Topics in Accounting  (3 Units)  

Study in a special topic to be determined by the school.

May be repeated for a maximum of six (6) units.  
Prerequisite(s): Consent of instructor.  
Open to juniors and seniors only.  
ACC 4091  Independent Studies in Accounting  (1-3 Units)  

An intensive study of a selected topic under the direction of an instructor.

May be repeated for a maximum of six (6) units.  
Prerequisite(s): Consent of instructor; qualified students as well as the proposal for the study must be approved by the departmental instructor(s) and the school dean.  
Course is open to upper-division students.  
ACC 5025  Financial Statement Analysis and Valuation  (3 Units)  

An applications-oriented course designed to develop the tools essential to evaluate the performance and assess the value of companies from a decision maker's perspective. Topics include industry and competitive strategy analysis, accounting analysis, ratio analysis, forecasting, earnings and cash-based valuation models, and equity and credit analysis.

Also offered as FIN 4025.  
Prerequisite(s): FIN 3035 and MSA or Senior accounting students only.  
ACC 5030  Tax: Individuals, Trusts, and Estates  (3 Units)  

A study of the Federal income tax laws as they relate primarily to individuals, trusts, and estates. Topics include gross income inclusions and exclusions, deductions for and from adjusted gross income, reporting of items from pass-through entities, depreciation and cost recovery, gains and losses on property transactions, 1031 exchanges, at-risk provisions and passive loss rules, tax determination, credits, and trust, estate, and gift taxation.

Prerequisite(s): ACC 3020  
ACC 5089  Accounting Internship  (3 Units)  

This course requires on-the-job experience in accounting where students exercise decision-making, problem-solving and communication skills, and accounting knowledge acquired in the student's academic program. In addition, students create a professional portfolio including cover letter, resume, letters of recommendation, work samples, and internship reports/evaluations.

Credit/No Credit.  
Prerequisite(s): BUS 3013 and consent of instructor.  
"C" Designation is for California Internships. "E" Designation is for Out of State Internships.