Academic Catalogs

Accounting

The Accounting Department offers introductory courses in Financial Accounting, Managerial Accounting and Microcomputer Accounting. Completion of these three courses can earn the student a certificate of completion in Entry-Level Accounting. Applications for this certificate are in the Business & Computing Division Office.
Advanced courses are also offered in Cost Accounting,  Intermediate Accounting,  and Federal Income Tax. Completion of these courses plus the Introductory Accounting courses can earn the student our more comprehensive Certificate of Achievement in Accounting.
 
We have recently added two new courses to our accounting curriculum. Volunteer Income Tax Assistance (VITA) is our first service learning course - it involves students in actually preparing Federal and State Income Tax returns for qualifying community residents. Accounting with QuickBooks provides basic instruction in creating and maintaining a computerized accounting system with QuickBooks software.


Department Contact Information

Douglas Johnson, Department Chair
dhjohnson@occ.cccd.edu 
(714) 432-0202  x21030

Accounting Department Website

Credit Courses

ACCT A1003 Units (54 lecture hours)  
Accounting for Small Business  

Grading Mode: Standard Letter, Pass/No Pass

Transfer Credit: CSU

Accounting for small businesses in services and retail. The course includes basic accounting procedures, preparation and analysis of financial statements, banking, payroll processing, and forms. May be taken for grades or on a pass-no pass basis.

Catalog Program Pages Referencing ACCT A100

    ACCT A1014 Units (68 lecture hours; 12 lab hours)  
    Financial Accounting  

    Grading Mode: Standard Letter, Pass/No Pass

    Transfer Credit: CSU; UC.

    Fundamentals of financial accounting relating to corporations. Application of widely used accounting theory and practice for both service and merchandise enterprises. Preparation and analysis of financial statements. This course may also be offered online. C-ID: ACCT 110.

    Catalog Program Pages Referencing ACCT A101

      ACCT A101H4 Units (68 lecture hours; 12 lab hours)  
      Financial Accounting Honors  

      Grading Mode: Standard Letter, Pass/No Pass

      Transfer Credit: CSU.

      Fundamentals of financial accounting relating to corporations. Application of widely used accounting theory and practice for both service and merchandise enterprises. Preparation and analysis of financial statements. This course may also be offered online.

      Catalog Program Pages Referencing ACCT A101H

        ACCT A1024 Units (68 lecture hours; 12 lab hours)  
        Managerial Accounting  
        Prerequisite(s): ACCT A101 or ACCT A101H.

        Grading Mode: Standard Letter, Pass/No Pass

        Transfer Credit: CSU; UC.

        Introduction to management's use of accounting information for planning, control, and decision-making within an organization. Covers both traditional and contemporary topics, including product costing, overhead, budgeting, cash flow, financial statement analysis, and decision-making tools. This course may also be offered online. C-ID: ACCT 120.

        Catalog Program Pages Referencing ACCT A102

          ACCT A102H4 Units (68 lecture hours; 12 lab hours)  
          Managerial Accounting Honors  
          Prerequisite(s): ACCT A101 or ACCT A101H.

          Grading Mode: Standard Letter, Pass/No Pass

          Transfer Credit: CSU.

          Introduction to management's use of accounting information for planning, control, and decision-making within an organization. Covers both traditional and contemporary topics, including product costing, overhead, budgeting, cash flow, financial statement analysis, and decision-making tools. This course may also be offered online.

          Catalog Program Pages Referencing ACCT A102H

            ACCT A1073 Units (54 lecture hours)  
            Not for Profit Recordkeeping and Compliance  

            Grading Mode: Standard Letter, Pass/No Pass

            Transfer Credit: CSU.

            A course utilizing the theory and fundamentals of generally accepted accounting principles and industry-specific guidance in conjunction with legal and regulatory issues needed for managing the recordkeeping and compliance documentation for Not-for-Profit entities. Creation of recordkeeping systems and various financial statements/reports that will help to evaluate accountability, transparency, and persuasiveness of a Not-for-Profit entity. Topics will include day to day transaction and special project accounting, tax and audit issues, endowments and grants, reporting obligations and other legal considerations.

            Catalog Program Pages Referencing ACCT A107

              ACCT A1103 Units (54 lecture hours)  
              Excel for Accounting and Finance  
              Prerequisite(s): ACCT A101 or ACCT A101H.

              Grading Mode: Standard Letter, Pass/No Pass

              Transfer Credit: CSU.

              This course includes a detailed study of accounting using Excel spreadsheet software. Topics include the use of functions and formulas in Excel with emphasis on accounting as a financial analysis tool. Students are expected to have a working knowledge of Windows. Graded or Pass/No Pass option.

              Catalog Program Pages Referencing ACCT A110

                ACCT A1113 Units (54 lecture hours)  
                Individual Income Tax  

                Grading Mode: Standard Letter, Pass/No Pass

                Transfer Credit: CSU.

                Introduction to federal income taxation theory and practice as applied to individuals. Covers gross income, business and personal deductions, exemptions, tax credits, property transactions, and tax computation. Includes individual and group problem-solving and tax return preparation. May be taken for grades or on a pass-no pass basis.

                Catalog Program Pages Referencing ACCT A111

                  ACCT A1122 Units (36 lecture hours; 18 lab hours)  
                  Accounting with QuickBooks  
                  Prerequisite(s): ACCT A100 or ACCT A101 or ACCT A101H.

                  Grading Mode: Standard Letter, Pass/No Pass

                  Transfer Credit: CSU.

                  QuickBooks is a complete computerized accounting system for small businesses. Topics include a review of basic accounting concepts, preparation of business reports and graphs, and the creation of a company using QuickBooks accounting. Covers creation and operation of a detailed accounting system for new and existing businesses. May be taken for grades or on a pass-no pass basis.

                  Catalog Program Pages Referencing ACCT A112

                    ACCT A1141 Unit (10 lecture hours)  
                    Volunteer Income Tax Assistance  
                    Advisory: ACCT A111.

                    Grading Mode: Pass/No Pass

                    Transfer Credit: CSU.

                    This hands on course provides training and an experiential service learning opportunity in the preparation of federal and state individual income tax returns. After attending training and review classes and passing the IRS and state individual income tax exams, student volunteers will provide free tax assistance to qualifying community residents. Offered on a pass-no pass basis only.

                    Catalog Program Pages Referencing ACCT A114

                      ACCT A1163 Units (54 lecture hours)  
                      Business Taxation  
                      Prerequisite(s): ACCT A100 or ACCT A101 or ACCT A101H or an equivalent district course.
                      Advisory: ACCT A111.

                      Grading Mode: Standard Letter, Pass/No Pass

                      Transfer Credit: CSU.

                      Topics will include rules related to the organization, life, and dissolution of corporations, partnerships, S-corporations, and LLCs. Tax research and planning issues are considered.

                      Catalog Program Pages Referencing ACCT A116

                        ACCT A1184 Units (72 lecture hours)  
                        Accounting Ethics  
                        Prerequisite(s): ACCT A101 or ACCT A101H or ACCT A102 or ACCT A102H.

                        Grading Mode: Standard Letter, Pass/No Pass

                        Transfer Credit: CSU.

                        Designed to expose students to a comprehensive coverage of ethical and professional issues encountered by accounting professionals. Prepares students to meet part of the ethics requirement for becoming a Certified Public Accountant in the State of California. Primarily focuses on ethics pertaining to the Accounting profession. Study of the ethical framework includes the American Institute of Certified Public Accountants (AICPA) Code of Professional Ethics, Audit Responsibilities and Accounting Fraud, Legal and Regulatory Obligations, Earnings Quality, Corporate Governance, and International Financial Reporting.

                        Catalog Program Pages Referencing ACCT A118

                          ACCT A1193 Units (54 lecture hours)  
                          Payroll  
                          Prerequisite(s): ACCT A100 or ACCT A101 or ACCT A101H.

                          Grading Mode: Standard Letter, Pass/No Pass

                          Transfer Credit: CSU.

                          Creation of a payroll cycle, recording of payroll information, payroll transmittal and verification with Output reports that reflect both Federal and State of California's laws and policies. Prepares students for FPC Designation Exam. This course may also be offered online. May be taken for grades or on a pass-no pass basis.

                          Catalog Program Pages Referencing ACCT A119

                            ACCT A1991-4 Units (18-72 lecture hours; 0-54 lab hours)  
                            Current Topics in Accounting  

                            Grading Mode: Standard Letter, Pass/No Pass

                            Transfer Credit: CSU.

                            Course covers topics currently receiving attention in the Accounting industry. This course may also be offered online. May be taken for grades or on a pass-no pass basis. One to four hours lecture, 0-three hours non-lecture.

                            Catalog Program Pages Referencing ACCT A199

                              ACCT A2103 Units (54 lecture hours)  
                              Cost Accounting  
                              Prerequisite(s): ACCT A102 or ACCT A102H.

                              Grading Mode: Standard Letter, Pass/No Pass

                              Transfer Credit: CSU.

                              Covers cost accounting concepts and practices. Includes the determination, analysis, and control of product costs (materials, labor, and overhead) through traditional and advanced costing systems. Other managerial tools such as budgeting and break-even analysis and cost accounting on government contracts are also considered. May be taken for grades or on a pass-no pass basis.

                              Catalog Program Pages Referencing ACCT A210

                                ACCT A2123 Units (54 lecture hours)  
                                Intermediate Accounting 1  
                                Prerequisite(s): ACCT A101 or ACCT A101H.

                                Grading Mode: Standard Letter

                                Transfer Credit: CSU.

                                An intensive study and application of Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS) for asset valuation, income measurement, and financial statement presentation for business organizations, including the processes through which GAAP and IAS have evolved. The emphasis in this course is on the basic financial statements and related footnotes, the time value of money, the valuation and presentation of assets, current liabilities, and related income statement accounts, and other special accounting topics. International accounting standards (IAS) will be presented parallel to GAAP due to the convergence of both sets of standards within the next five years. Suitable for CPA Exam preparation.

                                Catalog Program Pages Referencing ACCT A212

                                  ACCT A2133 Units (54 lecture hours)  
                                  Intermediate Accounting 2  

                                  Grading Mode: Standard Letter

                                  Transfer Credit: CSU.

                                  A continuation of the intensive study and application of GAAP and IAS begun in ACCT A212. The emphasis in this course is on the valuation and presentation of long-term liabilities, stockholders equity, revenue recognition, revenue and related income statement accounts, income taxes, leases, footnote disclosures required by GAAP and IAS, and other special/current accounting topics. Suitable for CPA Exam preparation.

                                  Catalog Program Pages Referencing ACCT A213

                                    ACCT A2153 Units (54 lecture hours)  
                                    Governmental Accouting  
                                    Prerequisite(s): ACCT A100 or ACCT A101 or ACCT A101H.

                                    Grading Mode: Standard Letter, Pass/No Pass

                                    Transfer Credit: CSU.

                                    This course covers fund accounting, budget and control issues, revenue and expense recognition, and issues of reporting for governmental agencies. Many of the topics covered may be used to prepare for portions of the CPA exam.

                                    Catalog Program Pages Referencing ACCT A215

                                      ACCT A2163 Units (54 lecture hours)  
                                      Not-for-Profit Accounting  
                                      Prerequisite(s): ACCT A100 or ACCT A101 or ACCT A101H or equivalent district course.

                                      Grading Mode: Standard Letter, Pass/No Pass

                                      Transfer Credit: CSU.

                                      A course utilizing the theory and fundamentals of accounting for and the administration of not-for-profit organizations and governmental entities. Application of accounting principles for both not-for-profit organizations and government entities. Preparation and analysis of various financial statements and introduction to the required not-for-profit federal, state and local tax filings.

                                      Catalog Program Pages Referencing ACCT A216

                                        ACCT A2183 Units (54 lecture hours)  
                                        Auditing  
                                        Prerequisite(s): ACCT A101 or ACCT A101H; ACCT A102 or ACCT A102H.
                                        Advisory: ACCT A212.

                                        Grading Mode: Standard Letter

                                        Transfer Credit: CSU.

                                        Examines the use of financial statement audits and details the audit process. Topics include professional responsibilities of auditors, audit design, sampling approaches, substantive testing, testing controls, and audit report formulation and communication.

                                        Catalog Program Pages Referencing ACCT A218

                                          ACCT A2203 Units (54 lecture hours)  
                                          Data Analytics for Accounting  
                                          Advisory: ACCT A101 or ACCT A101H.

                                          Grading Mode: Standard Letter, Pass/No Pass

                                          Transfer Credit: CSU.

                                          The advent of data analytics offers both challenges and opportunities for CPAs. The challenges include undertaking appropriate training to develop the skills needed to initiate and support data analytics activities, as well as altering the present audit model to include appropriate audit analytics techniques. The opportunities include a technology rich audit model that provides for greater thoroughness, efficiency, and accuracy, as well as new business opportunities to provide data analytics expertise to CPAs' clients and organizations. CPAs, whether working in public practice or industry, will enhance their career opportunities through the acquisition of additional data analytics expertise.

                                          Catalog Program Pages Referencing ACCT A220

                                            Noncredit Courses

                                            ACCT A007N54 Hours (54 lecture hours)  
                                            Not for Profit Recordkeeping and Compliance Noncredit  

                                            Grading Mode: P/NP/SP Non-Credit

                                            This is a noncredit course utilizing the theory and fundamentals of generally accepted accounting principles and industry-specific guidance in conjunction with legal and regulatory issues needed for managing the recordkeeping and compliance documentation for Not-for-Profit entities. Creation of recordkeeping systems and various financial statements/reports that will help to evaluate accountability, transparency, and persuasiveness of a Not-for-Profit entity. Topics will include day to day transaction and special project accounting, tax and audit issues, endowments and grants, reporting obligations and other legal considerations. Not applicable to AA or AS degree.

                                            Catalog Program Pages Referencing ACCT A007N