Accounting
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- define the purpose and process of accounting and list the functions of accounting.
- define accounting elements and construct the accounting equation; analyze and record daily transactions in the general journal and post to general and subsidiary ledgers.
- complete the accounting cycle in a manual accounting system which includes journalizing, posting, trial balance, adjusting entries, adjusted trial balance, financial statements, closing entries and post-closing trial balance, and the preparation of a worksheet.
- prepare financial statements which include income statement, statement of owners' equity, and balance sheet for service and merchandising businesses.
- construct a bank reconciliation and record the entries necessary to update the accounts.
- prepare a payroll register and make appropriate journal entries to correctly record wage/salary expenses, and employer payroll tax expenses.
- record merchandise sales transactions by using merchandise sales accounts, record merchandise purchase transactions by using merchandise purchase accounts, and compute gross profit for a merchandise business.
- compute ending inventory and cost of goods sold under four different merchandise inventory valuation methods.
- prepare adjusting entries, closing entries, and multiple-step income statements for a merchandising business.
- assess financial statements by computing basic financial ratios and explaining the meanings of ratios.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- examine the concepts, principles, and practices of financial accounting, including discussion of Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting. Standards (IFRS) on selected topics.
- prepare financial statements and related disclosures, including classified balance sheets, multiple step income statements with presentation of discontinued operations, extraordinary items, and accounting changes.
- identify accounting topics where the time value of money is relevant, including calculating and comparing future and present value of cash flows.
- apply the objectives and principles for managing and accounting for cash, cash equivalents, and accounts receivable.
- account for inventory using alternative techniques and procedures for valuation and reporting within the financial statements.
- account for acquisition, depreciation, depletion, impairment, and disposition of property, plant, and equipment.
- identify and account for costs to be included in the valuation of intangible assets, including amortization, issues of impairment and presentation within financial statements.
- analyze and account for complex business transactions.
- evaluate financial condition applying calculations and trend analysis using key financial ratios.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- examine the concepts, principles, and practices of financial accounting, including discussion of Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS) on selected topics.
- account for current liabilities, distinguish and present accounting treatments for contingencies.
- account for bonds and long-term notes, and describe disclosures for long-term debt in various forms.
- evaluate and account for transactions affecting the components of stockholders' equity.
- analyze and account for convertible securities, stock compensation plan and earnings per share.
- evaluate and account for equity and debt investments classified as trading, available for sale, and held to maturity.
- analyze and account for complex business transactions.
- distinguish between different types of pension plans, record pension expense, and balance sheet presentation of pension asset/liability.
- contrast capital leases with operating leases including the accounting procedures for both the lessee and lessor, and the financial statement presentation and disclosure requirements.
- compare and contrast accounting changes versus accounting estimates, and the accounting procedures for each, including the accounting for correction of errors and analyzing the effect of errors.
- contrast the direct and indirect methods of calculating cash flow from operating activities, and preparation of statement of cash flows under each method.
- analyze and account for income tax liabilities currently payable and deferred.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- evaluate the roles of financial reporting and auditing in the modern business environment.
- compare and contrast the "Generally Accepted Auditing Standards" (GAAS) of the American Institute of Certified Public Accountants (AICPA) with "Auditing Standards" issued by the Public Company Accounting Oversight Board (PCAOB).
- analyze the six principles of the AICPA Code of Professional Conduct.
- assess the various components of audit risk.
- evaluate the structure of audit working papers documentation.
- compare and contrast the three methods of documenting and assessing internal controls.
- evaluate statistical and non-statistical sampling methodologies including how sample size is affected by audit risk and population size.
- ascertain appropriate audit tests for assets, liabilities, stockholders’ equity, revenues, and expenses.
- evaluate resulting audit evidence for assets, liabilities, stockholders’ equity, revenues, and expenses.
- distinguish the types of auditor's reports/opinions and when to apply each type of report/opinion.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- examine the role of cost accounting in business planning and decision-making.
- differentiate among cost behaviors and use them to predict costs.
- differentiate between, account for, and report product and period costs.
- evaluate and plan profitability using cost behavior.
- use costs to make pricing and other types of business decisions.
- compare, contrast, and use process and job-order costs systems in accounting for product costs.
- prepare budgets and evaluate financial performance using variance analysis.
- evaluate organizational structure, use responsibility accounting, and allocate joint, by-product, and service department costs.
- use Excel software to account for and analyze costs and make business decisions.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- identify and apply federal and state laws that affect employment practices and employee compensation.
- calculate gross payroll, withholding amounts, and net pay under a variety of labor standards.
- prepare payroll transactions and record payroll journal entries.
- create and maintain payroll records and reports required by federal and state taxing authorities.
- prepare quarterly and annual federal and state payroll tax returns and forms.
- analyze and interpret payroll data to determine the employer's total cost of labor.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- describe the constitutional origins, statutory requirements, and other legislative and administrative underpinnings of the income tax systems of the United States and California.
- compute the federal and California state tax formula for individuals: gross income, adjusted gross income, taxable income, gross income tax liability and additional taxes, tax credits and prepayments, and tax due or refund.
- determine the filing status and filing requirements for individuals.
- identify where each item of income and deduction belongs on federal and state income tax returns for individuals.
- prepare basic and intermediate federal and California individual income tax returns.
- produce basic and intermediate federal individual income tax returns using income tax software.
- conduct basic tax research using publicly-available research tools.
- demonstrate the basics of income tax administration, including the audit process, reporting requirements, and taxpayer and preparer penalties.
- calculate California state and federal taxes using applicable laws and standard forms.
- identify and calculate tax credits taxpayers are entitled to claim on their tax return.
- apply professional ethical behavior in accounting, taxation, and business.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- describe the constitutional origins, statutory requirements, and other legislative and administrative underpinnings of the income tax systems of the United States and California.
- compute the federal and California state tax formula for individuals: gross income, adjusted gross income, taxable income, gross income tax liability and additional taxes, tax credits and prepayments, and tax due or refund.
- determine the filing status and filing requirements for individuals.
- identify where each item of income and deduction belongs on federal and state income tax returns for individuals.
- prepare basic and intermediate federal and California individual income tax returns.
- conduct basic tax research using publicly-available research tools.
- demonstrate the basics of income tax administration, including the audit process, reporting requirements, and taxpayer and preparer penalties, particularly California tax practitioner requirements.
- calculate California state and federal taxes using applicable laws and standard forms.
- identify and calculate tax credits taxpayers are entitled to claim on their tax return.
- apply professional ethical behavior in accounting, taxation, and business.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- describe the decisions about accounting periods and methods that the various business entities must make.
- identify the income tax issues in creating, operating, and liquidating a corporation.
- prepare a corporation's federal income tax return.
- identify the income tax issues in creating, operating, and liquidating a partnership and an S-corporation.
- prepare partnership and S-corporation income tax returns.
- describe the income tax issues in making taxable gifts.
- describe the estate and trust income tax issues.
- apply professional ethical behavior in accounting, taxation, and business.
- define the concept of basis as it applies to assets, entities, partners, and shareholders.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- evaluate the environment of governmental budgeting, accounting, and financial reporting.
- evaluate the role of the budget and budgetary process in the management of governmental organizations.
- compare and contrast the objectives of financial reporting of governmental and corporate accounting.
- compare and contrast the modified accrual basis of accounting and the full accrual basis of accounting.
- evaluate the role of each fund in the fund financial statements.
- compare and contrast the fund financial statements and the government-wide financial statements.
- evaluate the content of a typical Comprehensive Annual Financial Report.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- explain the nature and purpose of generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS).
- describe the components of the conceptual framework for financial accounting and reporting, including the qualitative characteristics of accounting information, the assumptions underlying accounting, the basic principles of financial accounting, and the constraints and limitations on accounting information.
- define and use accounting and business terminology.
- discuss how an accounting system is designed to satisfy the needs of specific businesses and users.
- summarize the purpose of journals and ledgers.
- apply transaction analysis, input transactions into the accounting system, process this input, and prepare and interpret the four basic financial statements.
- distinguish between cash basis and accrual basis accounting and explain their impact on the financial statements, including the revenue recognition and matching principles.
- identify and illustrate how the principles of internal control are used to manage and control a firm’s resources and minimize risk.
- explain the content, form, and purpose of basic financial statements (including footnotes) and annual reports, and how they satisfy the information needs of investors, creditors, and other users.
- describe the nature of current assets and related issues, including the measurement and reporting of cash and cash equivalents, receivables and bad debts, and inventory and cost of goods sold.
- define the valuation and reporting of current liabilities, estimated liabilities, and other contingencies.
- identify and illustrate issues relating to long-term asset acquisition, use, cost allocation, and disposal.
- distinguish between capital and revenue expenditures.
- identify and illustrate issues relating to long-term liabilities, including issuance, valuation, and retirement of debt.
- describe and illustrate issues relating to stockholders’ equity, including issuance, repurchase of capital stock, and dividends.
- demonstrate the importance of operating, investing, and financing activities reported in the Statement of Cash Flows.
- interpret company activity, profitability, liquidity and solvency through selection and application of appropriate financial analysis tools.
- summarize the ethical implications inherent in financial reporting and be able to apply strategies for addressing them.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- identify and illustrate the primary activities and information needs of managers and explain the role of the managerial accountant as a member of the management team.
- compare and contrast financial and managerial accounting.
- define and illustrate various cost terms, concepts, and behaviors, and evaluate their relevance for different decision-making purposes.
- distinguish between product and period costs and prepare and evaluate a schedule of cost of goods manufactured, schedule of cost of goods sold, and income statement.
- prepare traditional and contribution-margin income statements and define related terms.
- explain cost-volume-profit analysis, contribution margin ratio, operating leverage, break-even, target profit, and margin of safety and employ each as an analytical tool.
- describe the traditional types of product costing systems (including job-order and process), illustrate the flow of costs in each, use these to value ending inventories and cost of goods sold, and prepare related accounting records and reports.
- discuss the impact of technology on the business environment, its implications for product and service costs, and the development of activity-based costing and management; use activity-based costing to apply overhead costs to products and services.
- explain the purposes of budgeting, prepare a master budget and its component schedules, and relate the budget to planning and control.
- explain the development and use of standard costs and flexible budgets, prepare and interpret variance analysis reports, and relate them to responsibility accounting and control.
- explain the nature of and need for segment reporting and its relationship to cost, revenue, profit, and investment centers; prepare and analyze related segment reports.
- compare and contrast absorption costing and variable costing, prepare income statements using both methods, and reconcile the resulting net incomes.
- define and identify relevant costs and benefits and prepare differential analyses related to special decisions.
- explain the nature of capital expenditure decisions and apply and evaluate various methods used in making these decisions, including the time value of money.
- identify the ethical implications inherent in managerial accounting and reporting and apply strategies for addressing them.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- identify differences between manual and computerized accounting systems.
- set up a new company chart of accounts as well as customer, vendor, and employee master files.
- record transactions related to sales, purchases, and payroll for service and merchandising companies.
- complete the full accounting cycle for service and merchandise business in a computerized accounting system.
- perform bank reconciliation of checking, saving, and credit card accounts
- analyze end-of-period account balances and create appropriate adjusting and closing journal entries.
- generate and evaluate financial statements and other accounting reports.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- create computerized spreadsheets from start to finish for accounting applications.
- construct complex spreadsheet formulas and functions to develop accounting spreadsheets.
- design spreadsheets that communicate accurate, succinct, and useful accounting information.
- combine accounting principles and Excel skills to present PivotTables and PivotCharts in professional reports, perform different analyses and make sound business decisions.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- evaluate the ethical guidelines of the American Institute of Certified Public Accountants (AICPA) and other professional accounting organizations.
- evaluate the California Accountancy Act and the implementing rules and regulations of the California Board of Accountancy.
- evaluate the ethical standards of the International Ethics Standards Board for Accountants (IESBA).
- explore selected other professional accounting codes of conduct.
- assess potential legal liability for professional conduct.
- identify the common characteristics and causes of ethical lapses, fraud, and inadequate audits.
- evaluate and apply the Sarbanes-Oxley Act of 2002.
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.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- demonstrate application of industry knowledge and theoretical concepts in the field of accounting related to a transfer degree level career as written in the minimum three (3) learning objectives created by the student and their employer or work site supervisor at the start of the course.
- make effective decisions, use workforce information, and manage their personal career plans.
- behave professionally, ethically, and legally during work, consistent with applicable laws, regulations, and organizational norms.
- behave responsibly during work, exhibiting initiative and self-management in situations where it is needed.
- apply effective leadership styles during work, with consideration to group dynamics, team and individual decision making, and workforce diversity.
- communicate in oral, written, and other formats, as needed, in a variety of contexts during work.
- locate, organize, evaluate, and reference information during work.
- demonstrate originality and inventiveness during work by combining ideas or information in new ways, making connections between seemingly unrelated ideas, and reshaping goals in ways that reveal new possibilities using critical and creative thinking skills such as logical reasoning, analytical thinking, and problem-solving.
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.
Property Tax (PROPTX) Courses
PROPTX 310 Introduction to Appraising for Property Tax Purposes
- Units:1.5
- Hours:30 hours LEC
- Prerequisite:None.
- Advisory:MATH 100, 104, or 132; AND eligible for ENGRD 310 or ENGRD 312 AND ENGWR 300, OR ESLR 340 AND ESLW 340.
- Transferable:CSU
- Catalog Date:August 1, 2024
This course introduces the basic principles of property tax appraisal. It covers the economic aspects and legal definitions of market value, California Property Tax Laws and Regulations, the appraisal process, and methods of valuation. It is designed to meet the California Board of Equalization training requirements for county property tax appraisers.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- apply property tax laws as they pertain to the appraisal of property for tax purposes.
- analyze the appraisal process in preparation to value property for tax purposes.
- analyze data to determine land value and land allocation for tax purposes.
- analyze comparable sales information in order to value property by the sales comparable approach.
- determine appropriate costs to include in the preparation of the cost approach to value.
- evaluate income information to determine appropriate process to value property by the income approach.
- apply appraisal principles and valuation methodology to value real and personal property for property tax purposes.
PROPTX 311 Appraisal of Machinery & Equipment for Property Tax Purposes
- Units:1.5
- Hours:32 hours LEC
- Prerequisite:None.
- Advisory:PROPTX 110; AND MATH 100, 104, or 132; AND eligible for ENGRD 310 or ENGRD 312 AND ENGWR 300, OR ESLR 340 AND ESLW 340.
- Transferable:CSU
- Catalog Date:August 1, 2024
This course covers the principles of property tax appraisal for tax assessment of personal property and fixtures. Topics include the economic aspects and legal definitions of market value, California Property Tax Laws and Regulations, the appraisal process, and methods of valuation. It is designed to meet the California Board of Equalization training requirements for county property tax auditor-appraisers and appraisers.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
- appraise personal property and fixtures for property tax purposes.
- classify property as real property, personal property, or improvements, including determining whether an improvement is a structure or fixture improvement.
- determine the taxability of personal property and fixture items in compliance with the California Constitution, Revenue & Taxation Code provisions, property tax rules, and case law.
- evaluate the factors determining value.
- evaluate the concept of Trade Level.
- apply the cost approach to determine value.
- apply equipment index factors and percent good factors in the valuation of personal property and fixtures.
Business and Computer Science (BCS) Lab
The BCS Lab is here to help you complete your educational and career goals.