Academic Catalogs

Accounting

The Accounting Department offers introductory and advanced level courses in Accounting that lead to a variety of Certificates of Achievement and/or an Associate of Science Degree in Accounting.  

All Certificate of Achievement programs require three (3) introductory OCC Accounting courses: Financial Accounting, Managerial Accounting, and Excel for Accounting and Finance.  Completion of these three courses with a grade of "C" or better will qualify the student for the Entry Level Accounting Certificate.  Other Certificates of Achievement can be earned by taking one or two additional advanced Accounting courses at OCC.

All Certificates of Achievement and the Associate of Science Degree in Accounting must be applied for through the OCC Graduation Office.

Department Contact Information

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

For additional information, see the 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. Graded or Pass/No Pass option.

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. Enrollment Limitation: ACCT A101H; students who complete ACCT A101 may not enroll in or receive credit for ACCT A101H. This course may also be offered online. Graded or Pass/No Pass option. 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; 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. Enrollment Limitation: ACCT A101; students who complete ACCT A101H may not enroll in or receive credit for ACCT A101. Graded or Pass/No Pass option.

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. Enrollment Limitation: ACCT A102H; students who complete ACCT A102 may not enroll in or receive credit for ACCT A102H. 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; 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. Enrollment Limitation: ACCT A102; students who complete ACCT A102H may not enroll in or receive credit for ACCT A102. Graded or Pass/No Pass option.

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. Graded or Pass/No Pass option.

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. Graded or Pass/No Pass option.

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. Graded or Pass/No Pass option.

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, ACCT A101, or ACCT A101H.
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. Graded or Pass/No Pass option.

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. Graded or Pass/No Pass option.

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. Graded or Pass/No Pass option.

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. Graded or Pass/No Pass option. 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. Graded or Pass/No Pass option.

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  
Advisory: ACCT A101 or ACCT A101H or ACCT A212.
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 Accounting  
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. Graded or Pass/No Pass option.

Catalog Program Pages Referencing ACCT A215

ACCT A2163 Units (54 lecture hours)  
Not-for-Profit Accounting  
Prerequisite(s): ACCT A100, ACCT A101, or ACCT A101H.
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. Graded or Pass/No Pass option.

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. Graded or Pass/No Pass option.

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 Noncredit
Not Transferable.
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. Noncredit. Pass/No Pass/Satisfactory Progress. NOT DEGREE APPLICABLE.

Catalog Program Pages Referencing ACCT A007N