Accounting (ACCT) Courses
ACCT 101 Fundamentals of College Accounting
- Units:3
- Hours:54 hours LEC
- Prerequisite:None.
- Advisory:BUS 105, MATH 100, MATH 104, or MATH 132;
AND eligible for ENGRD 310 or ENGRD 312 AND ENGWR 300, OR ESLW 340.
- Catalog Date:August 1, 2024
This introductory course in small business accounting covers the accounting cycle for service and merchandising businesses. Topics include the general journal, the general and subsidiary ledgers, and adjusting, correcting, and closing journal entries. Income statements, statements of owner equity, balance sheets for service and merchandising businesses are prepared and analyzed. Additional topics include cash management and bank reconciliations, accounting for sales and purchase discounts, sales taxes, merchandise inventory, and payroll.
ACCT 103 Intermediate Accounting - Part I
- Units:4
- Hours:72 hours LEC
- Prerequisite:ACCT 301 with a grade of "C" or better
- Catalog Date:August 1, 2024
This course continues the study and application of accounting principles and techniques used in preparing and reporting the financial results of business corporations. Areas of study include cash and receivables, inventory, long-term assets, and analysis of time value of money.
ACCT 104 Intermediate Accounting - Part II
- Units:4
- Hours:72 hours LEC
- Prerequisite:ACCT 103 with a grade of "C" or better
- Catalog Date:August 1, 2024
This course continues the study and application of accounting principles and techniques used in preparing and reporting the financial results of business corporations. Areas of study include liabilities and contingencies, stockholders' equity and earnings per share, investments, revenue recognition, income taxes, pensions, leases, accounting changes and error analysis, and cash flows.
ACCT 107 Auditing
- Units:3
- Hours:54 hours LEC
- Prerequisite:ACCT 104 with a grade of "C" or better
- Advisory:BUS 105 or MATH 100, 104 or 132; AND eligible for ENGRD 310 or ENGRD 312 AND ENGWR 300, OR ESLR 340 AND ESLW 340.
- Catalog Date:August 1, 2024
This course on auditing practice and theory emphasizes attestation audits of financial statements and the accompanying footnotes. Topics include Generally Accepted Auditing Standards (GAAS), ethics, legal issues, audit planning and methodology, internal control analysis, sampling, and auditors' reports. Additional topics include specific auditing objectives and tests of assets, liabilities, equity, revenues, and expenses.
ACCT 111 Cost Accounting
- Units:3
- Hours:54 hours LEC
- Prerequisite:ACCT 311 with a grade of "C" or better
- Advisory:CISA 315
- Catalog Date:August 1, 2024
This course covers advanced managerial accounting. Topics include recording, classifying, reporting, and analyzing costs as well as examining different costing systems. I focuses on understanding costs, appropriate accounting for them, and using them to analyze, plan, operate, and evaluate manufacturing, merchandising, and service businesses. It utilizes the industry-standard software, Excel, to do so.
ACCT 121 Payroll Accounting
- Units:3
- Hours:54 hours LEC
- Prerequisite:ACCT 101 or 301 with a grade of "C" or better
- Catalog Date:August 1, 2024
This course covers the basic fundamentals and current practices in payroll processing, payroll accounting, and payroll tax reporting. Federal and state compliance pertaining to payroll processing and tax reporting will be studied. Topics include federal and state wage and hour laws and how they affect the payroll workflow.
ACCT 123 Federal and California Individual Income Taxation
- Units:4
- Hours:72 hours LEC
- Prerequisite:None.
- Advisory:ACCT 101 or 301 with a grade of "C" or better
- Catalog Date:August 1, 2024
This course covers basic Federal and California income tax regulations with an emphasis on the skills necessary for the preparation of individual income tax returns. Topics include filing requirements, determination of taxable income, allowable deductions, tax computation, tax credits, other taxes, payment methods, and audit procedures. This course is recommended for accounting majors but is not part of the California Tax Education Council (CTEC) program. As a result, this course does not meet the eligibility requirements for the California Registered Tax Return Preparer certificate.
ACCT 125 Federal and State Individual Taxation
- Units:4
- Hours:72 hours LEC
- Prerequisite:None.
- Advisory:ACCT 101 or 301; AND eligible for ENGRD 116; ENGWR 101; ESL 325
- Catalog Date:August 1, 2024
This course covers basic Federal and State Income Tax regulations with an emphasis on the skills necessary for the preparation of individual income tax returns. Topics include filing requirements, determination of taxable income, allowable deductions, tax computation, tax credits, other taxes, payment methods, and audit procedures.
ACCT 128 Taxation of Corporations, Partnerships, Estates, and Trusts
- Units:4
- Hours:72 hours LEC
- Prerequisite:(ACCT 123 or ACCT 125) and 301
- Catalog Date:August 1, 2024
This course provides a continuing study of federal income tax compliance with an emphasis on the taxation of business entities including corporations, partnerships, limited liability companies, S-corporations, estates, and trusts. Topics include tax and non-tax characteristics of business entities, income tax filing requirements, differences in book and taxable income, selection of accounting methods and periods, tax computation, and available credits.
ACCT 153 Governmental Accounting
- Units:3
- Hours:54 hours LEC
- Prerequisite:ACCT 301 with a grade of "C" or better
- Advisory:BUS 105 or MATH 100 or 132
- Catalog Date:August 1, 2024
This course covers accounting and financial reporting for governmental units and institutions with emphasis on the accounting standards prescribed by the Governmental Accounting Standards Board (GASB). Additional topics include governmental budgeting and budgetary controls.
ACCT 295 Independent Studies in Accounting
- Units:1 - 3
- Hours:54 - 162 hours LAB
- Prerequisite:None.
- Catalog Date:August 1, 2024
Independent Study is an opportunity for the student to extend classroom experience in this subject, while working independently of a formal classroom situation. Independent study is an extension of work offered in a specific class in the college catalog. To be eligible for independent study, students must have completed the basic regular catalog course at American River College. They must also discuss the study with a professor in this subject and secure approval. Only one independent study for each catalog course will be allowed.
ACCT 299 Experimental Offering in Accounting
- Units:0.5 - 4
- Prerequisite:None.
- Catalog Date:August 1, 2024
This is the experimental courses description.
ACCT 301 Financial Accounting
- Units:4
- Hours:72 hours LEC
- Prerequisite:None.
- Advisory:ACCT 101; AND BUS 105 or MATH 100, or 132; AND eligible for ENGRD 310 or ENGRD 312 AND ENGWR 300, OR ESLR 340 AND ESLW 340.
- Transferable:CSU; UC
- C-ID:C-ID ACCT 110
- Catalog Date:August 1, 2024
This course covers accounting as an information system, examining why it is important and how it is used by investors, creditors, and others to make decisions. Topics include the accounting information system, including recording and reporting of business transactions with a focus on the accounting cycle, the application of generally accepted accounting principles, the financial statements, and statement analysis. It also covers issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls, and ethics.
ACCT 311 Managerial Accounting
- Units:4
- Hours:72 hours LEC
- Prerequisite:ACCT 301 with a grade of "C" or better
- Transferable:CSU; UC
- C-ID:C-ID ACCT 120
- Catalog Date:August 1, 2024
This course covers how managers use accounting information in decision-making, planning, directing operations, and controlling. It focuses on cost terms and concepts, cost behavior, cost structure, and cost-volume-profit analysis. Topics include issues relating to cost systems, cost control, profit planning, and performance analysis in manufacturing, merchandising, and service environments.
ACCT 341 Computerized Accounting
- Units:3
- Hours:54 hours LEC
- Prerequisite:ACCT 101 or 301 with a grade of "C" or better
- Advisory:CISC 100 or 300
- Transferable:CSU
- Catalog Date:August 1, 2024
This course covers major areas of computerized accounting system for small business using QuickBooks Online (QBO). Topics include setting up a new company in QBO, creating a chart of accounts, banking, recording customer and vendor transactions, using QBO inventory tracking, paying employees, making adjusting entries, and generating financial and management reports for service and merchandising businesses. This course provides students with hands-on experience in using QBO and prepares students to take Intuit certified QB certification exam.
ACCT 343 Computer Spreadsheet Applications for Accounting
- Units:2
- Hours:36 hours LEC
- Prerequisite:ACCT 301 and CISA 315 with grades of "C" or better
- Advisory:Successful completion of Algebra I/Integrated Math 1 or Beginning Algebra. Eligibility for ENGWR 300 or ESLW 340.
- Transferable:CSU
- Catalog Date:August 1, 2024
This course combines the study of accounting and computer spreadsheets from basic Excel and accounting concepts to more advanced accounting work. It also provides students with hands-on practice and teaches Excel skills applicable in the real world of accounting. Topics include but are not limited to financial statements, inventory costing, bank reconciliation, depreciation schedule, payroll register, bond amortization, and financial ratio analysis.
ACCT 361 Ethics, Fraud, and Legal Issues for Accountants
- Units:3
- Hours:54 hours LEC
- Prerequisite:None.
- Advisory:ACCT 107 and 301
- Transferable:CSU
- Catalog Date:August 1, 2024
This course explores ethics, fraud, and legal issues that must be addressed by accountants, including exploration through case studies. Topics in ethics include ethical foundations as well as the unique ethical requirements of professional organizations and the California Board of Accountancy. The course also examines the legal liability of accountants. A variety of case studies are evaluated to gain perspective into ethical lapses, fraud, and legal liability.
ACCT 495 Independent Studies in Accounting
- Units:1 - 3
- Hours:54 - 162 hours LAB
- Prerequisite:None.
- Transferable:CSU
- Catalog Date:August 1, 2024
Independent Study is an opportunity for the student to extend classroom experience in this subject, while working independently of a formal classroom situation. Independent study is an extension of work offered in a specific class in the college catalog. To be eligible for independent study, students must have completed the basic regular catalog course at American River College. They must also discuss the study with a professor in this subject and secure approval. Only one independent study for each catalog course will be allowed.
ACCT 498 Work Experience in Accounting
- Units:0.5 - 4
- Hours:27 - 216 hours LAB
- Prerequisite:None.
- Enrollment Limitation:Students must be in a paid or unpaid internship, volunteer position, or job related to accounting with a cooperating site supervisor. Students are advised to consult with the Accounting Department faculty to review specific certificate and degree work experience requirements.
- Advisory:Eligible for ENGWR 300 or ESLW 340.
- Transferable:CSU
- General Education:AA/AS Area III(b)
- Catalog Date:August 1, 2024
This course provides students with opportunities to develop marketable skills in preparation for employment or advancement within the field of accounting. It is designed for students interested in work experience and/or internships in transfer-level degree occupational programs. Course content includes understanding the application of education to the workforce, completion of Title 5 required forms which document the student's progress and hours spent at the approved work site, and developing workplace skills and competencies.
During the semester, the student is required to complete 27 hours of related work experience for 0.5 unit. An additional 27 hours of related work experience is required for each additional 0.5 units. All students are required to attend the first course meeting, a mid-semester meeting, and a final meeting. Additionally, students who have not already successfully completed a Work Experience course will be required to attend weekly orientations while returning participants may meet individually with the instructor as needed. Students may take up to 16 units total across all Work Experience course offerings. This course may be taken up to four times when there are new or expanded learning objectives. Only one Work Experience course may be taken per semester.
ACCT 499 Experimental Offering in Accounting
- Units:0.5 - 4
- Prerequisite:None.
- Transferable:CSU
- Catalog Date:August 1, 2024
This is the experimental courses description.