Learning Objectives

Acct 2210: Accounting for Non-Business Majors

4 Units

Catalog Description: A survey of accounting concepts designed for students desiring a

general knowledge of accounting. Emphasis placed on the use and analysis of accounting
data.

Prerequisite: Satisfactory completion of Entry-level Mathematics (ELM) requirement. Not

open to students who have taken ACCT 2251.

Times Offered: Fall and Winter quarters

Course Learning Objectives:

Upon successful completion of these courses, a student will be able to:

• Understand general aspects of business operations, including the differences

between proprietorships, partnerships, and corporations as well as the differences
between debt and equity financing.

• Explain the theory and practice of accounting underlying the major categories
that generally appear in published financial statements.

• Identify the basic economic events most common in business operations and
understand how they would be shown in published financial statements.

• Understand the impact of alternative accounting methods on financial

statements.

• Understand the role of accounting and its limitations.

Assessment methods:

A variety of methods might be used to assess student learning, including:

• Homework: Exercises, and problems requiring students to apply principles and procedures.
• Group discussions and assignments: Articles and cases requiring students to discuss
principles and procedures.
• Presentation: Individual or group presentations of annual report projects or other
assignments.
• Writing assignments: Individual or group writing assignments.
• Examinations: Multiple choice and problem solving exercises.
 Learning Objectives
Acct 2251 and 2252: Financial Reporting and Analysis I and II
4 Units each

Catalog Description: Interpretation and analysis of financial statements for decision-making.

Introduction to identification, measurement and reporting of financial events of business
entities. Courses are sequential.

Prerequisites: None

Times Offered: Every quarter, day and evening

Course Learning Objectives:

Upon successful completion of these courses, a student will be able to:

• Understand general aspects of business operations, including the differences between

proprietorships, partnerships, and corporations as well as the differences between debt and
equity financing.

• Explain the theory and practice of accounting underlying the major categories that generally
appear in published financial statements.

• Identify the basic economic events most common in business operations and understand
how they would be shown in published financial statements.

• Understand the impact of alternative accounting methods on financial statements.

• Understand the role of accounting and its limitations.

• Obtain and analyze information from published annual reports of corporations and compare
them to industry standards.

• Communicate more effectively orally and in writing by preparing and presenting an oral report.

• Work as a team member learning to share ideas in a group.

Assessment methods:

A variety of methods might be used to assess student learning, including:

• Homework: Exercises, and problems requiring students to apply principles and procedures.
• Group discussions and assignments: Articles and cases requiring students to discuss
principles and procedures.
• Presentation: Individual or group presentations of annual report projects or other
assignments.
• Writing assignments: Individual or group writing assignments.
• Examinations: Multiple choice and problem solving exercises.

Learning Objectives
Acct 3170: Information Technology in Business
4 Units

Catalog Description: Develop management information systems applied to business

functions such as financial, managerial, human resources, production and marketing. Review
software programs used in small and large business and analyze their strengths and
weaknesses.

Prerequisites: Accounting 2252

Times Offered: Every quarter, day and evening

Course Learning Objectives:

When a student successfully completes this course, he/she will be able to:

 prepare accounting working papers and schedules using computer spreadsheet programs.

 understand and use accounting software programs.

 understand the flow of financial data and information in a business entity.

 understand how computer technology is used in information processing.

 understand how to flowchart a company’s systems.

 understand how to obtain financial information from the internet.

Assessment methods:

A variety of methods might be used to assess student learning including:

 Homework: Exercises and problems requiring students to apply principles and procedures.
 In Class: All classes to be taught in the computer lab using the computers.

 Problems in use of spreadsheets.

 Cases using accounting software.

 Examinations on Computer: Problems and cases covering spreadsheets and accounting

software.

 Writing Assignments: Papers covering subjects related to the course material.

Learning Objectives
Acct 3200: Accounting for Management Decision Making
4 Units

Catalog Description: Use of accounting information for managerial planning, control and
decision-making. Topics include costing systems, cost estimation and analysis, operational
and capital budgeting decisions.

Prerequisite: Acct 2252, Math 1801, Stat 2010 and PC Software Proficiency satisfied.

Times Offered: Every quarter, day and evening

Course Learning Objectives:

Upon successful completion of this course, a student will be able to:
• Determine cost classifications based on how the cost will be used: whether for
preparing external reports, predicting cost behavior, assigning costs to cost objects, or
decision making.

• Determine the costing method to use in custom situations and in mass-production

situations and know how to apply those methods.

• Identify various cost classifications based on how costs respond to changes in

production levels, and how those changes affect managements’ decision to expand or
reduce capacity levels.

• Understand the critical tradeoffs existing between total cost and sales volume in
determining desired profit goals.
 • Prepare an income statement required for external reporting and a different one more
useful to managers for managerial decision-making.

• Evaluate business segments and the managers responsible for those business
segments.

• Prepare and evaluate operating as well as capital budgets.

• Identify costs which may be relevant or irrelevant to a given management decision at

hand.

• Understand the ethical constraints that guide a manager in pursuing his/her ultimate
goal of maximizing the value of the firm.

Assessment Methods:
A variety of methods might be used to assess student learning, including:
• Homework: Exercises and problems requiring students to apply principles and
procedures.
• Group discussions and assignments: Cases and computer projects requiring students
to apply principles and procedures.
• Individual or group project: Cases and term projects simulating actual manufacturing
and sales processes to illustrate flow of costs, application of costing systems and how cost
information and classification affects the financial statements and decision making.
• Examinations: Multiple choice and problem solving exercises.
Learning Objectives
Acct 3211, 3212, 3213 Intermediate Financial Accounting I, II, III
4 Units each

Catalog Description: In-depth study of financial accounting concepts and practices, including
information processing, valuation, statement presentation, and analysis. Emerging issues and
professional accounting standards also studied. Courses are sequential and require a grade
not lower than "C-" to continue.

Prerequisites: Acct 2252 with a grade not lower than C-

Times Offered: Every quarter, day and evening

Course Learning Objectives:

Upon successful completion of these courses, a student will be able to:

• Understand the conceptual framework of accounting.

• Understand the regulatory environment and professional bodies that impact the accounting
profession.
• Locate and use sources of accounting information.

• Recognize events that need to be recorded in the accounting records.

• Prepare accounting records and financial statements from source documents in

accordance with Generally Accepted Accounting Standards.

• Identify the major differences between financial and tax accounting.

• Understand and analyze published financial statements, including their footnotes.

• Understand the strengths and limitations of accounting information in the decision making
process.

• Understand and be sensitive to the ethical and economic dimensions of accounting

decisions.

• Work as a team member by sharing ideas in a group.

Assessment Methods:

A variety of methods might be used to assess student learning, including:

• Homework: Exercises, cases, and problems requiring students to apply principles and
procedures.
• Group discussions and assignments: Articles and cases requiring students to discuss
principles and procedures.
• Internet assignments: Research assignments on the internet.
• Writing assignments: Individual or group writing assignments.
• Examinations: Multiple choice, essays, and problem solving exercises.
• Computer software assignments: Exercises solved using spreadsheets and/or accounting
software

Learning Objectives
Acct 3220: Federal Income Tax Accounting/Individuals
4 Units

Catalog Description: A broad range of tax concepts. Topics include fundamentals of

individual income taxation, property transactions, fringe benefits and retirement plans, C
corporations, partnerships, and limited liability companies. Emphasis on role of taxation in
decision-making. Tax research and tax planning.
Prerequisites: none

Times Offered: All quarters, day and night

Course Learning Objectives:

Upon successful completion of the course, a student will be able to:

• Identify various tax entities and the general tax rules that apply to the taxation of
each with emphasis on the taxation of individuals.

• Solve tax problems encountered by taxpayers.

• Research answers to these tax problems.

• Gather relevant facts necessary to proper research.

• Find and recognize tax authorities relevant to the problem being researched.

• Apply these authorities to the relevant facts.

Assessment Methods:

A variety of methods might be used to assess student learning, including:

• Examinations

• Research paper

• Class participation
 Learning Objectives
ACCOUNTING 3230: COST ACCOUNTING
4 Units
Catalog Description: In-depth study of cost accounting concepts, analyses, uses, and
practices which help managers make better decisions in planning and controlling, as
well as in costing products, services and customers.

Prerequisites: ACCT 3200; MATH 1810; STAT 2010.

Times Offered: Every quarter, day and evening

Course Learning Objectives:

Upon successful completion of this class, a student will be able to:

• Understand why activity-based cost allocation is more accurate than the traditional
approach, and how the more accurate cost allocation helps managers to make better decisions
in costing products, services, and customers.

• Understand that variable and absorption inventory costing systems may lead to different
operating incomes, and how the absorption system may lure managers into building up
inventories. Also, that while variable costing is useful to managers for planning and controlling,
absorption costing is required for financial and tax reporting.

• Appreciate the increased accuracy in pricing products, services and customers from
allocating service department costs to production departments prior to final allocation of costs
to units of output.

• Determine whether a joint product should be sold at the split-off point or processed further.
And know how allocation of joint costs to joint products leads to better product and service
pricing decisions.

• Use the process costing system to prepare and analyze production reports where huge
amounts of homogeneous products are manufactured.

• Estimate the cost of defective units in a process costing environment. Some of those
units may need to be reworked to meet the set standards, others may be impossible
to fix and have to be scrapped.

• Appreciate the critical roles of customer perception, possible competitor reaction, and
product or service cost in making short and long-term pricing decisions.

• Select the best least-squares regression model for the operations at hand, and be able to
read and interpret computer printouts of regression analyses of the operation’s mixed costs.
• Use more advanced capital budgeting methods to screen competing possible investment
projects and to rank acceptable investment projects.

Assessment methods:
A variety of methods might be used to assess student learning, including:
• Homework: Exercises, cases, and problems requiring students to apply concepts and
practice.
• Group discussions and presentations: Cases and problems requiring individual or groups of
students to use spreadsheets to solve real world management problems.
• Examinations: Essay and problem solving exercises
 Learning Objectives
Acct 4220 – Advanced Studies in Taxation
4 Units

Catalog Description: An in-depth study of special tax issues, especially involving

corporations, including ethical considerations, tax research and tax planning. Each type of
business entity-sole proprietorship, C corporation, partnership, S corporation, limited liability
company- will be studied using a life-cycle approach (formation, operation, dissolution).
Exposure to electronic applications.

Prerequisites: Acct 3220

Times Offered: Fall, evening

Course Learning Objectives:

Upon successful completion of the course, a student will be able to:

• Apply general tax rules to transactions of corporations and partnerships.

• Solve tax problems encountered by corporations and partnerships connected

with the following subjects:

a. Formation, operation and liquidation of corporations and partnerships,

b. Corporate and partnership distributions,
c. Corporate mergers and acquisitions,
d. Consolidated corporate tax returns,
e. Multi-state corporate tax,
f. Selective S corporation issues,
g. Basic rules of international taxation.

• Research answers to these tax problems.

• Gather relevant facts necessary to proper research.

• Find and recognize tax authorities relevant to the problem being researched.

• Apply these authorities to the relevant facts.

• Integrate the tax impact into the business decision model.

Assessment Methods:
A variety of methods might be used to assess student learning, including:
• Examination
• Research paper
• Class participation.
 Learning Objectives
Acct 4226: Volunteer Income Tax Assistance (VITA) Supervisory
4 Units

Catalog Description: Management of a group of VITA centers with emphasis upon teaching
first-year supervisors to operate a VITA center effectively, the development of new VITA
centers, and the coordination of publicity in geographic areas.

Prerequisite: Consent of instructor.

Times Offered: Winter, day and evening

Course Learning Outcomes:

Upon successful completion of the course, a student will be able to:

• Manage a group of student tax return preparers enrolled in Accounting 4227 in the
efficient preparation of tax returns. The environment simulates that of a commercial tax
return preparation firm.

• Manage people in a technical environment.

• Communicate with clients (taxpayers) and explain in lay terms complicated tax rules.

• Review tax returns for technical and procedural correctness.

• Effectively report to management (faculty assigned the course).

Assessment Methods:

A variety of methods might be used to assess student learning, including:

• Personal supervision of each student-supervisor by a faculty member.

• “On-the-job” observation of the faculty.

 LEARNING OBJECTIVES
ACCT 4250: AUDITING
4 Units

Catalog Description: Principles, techniques and procedures in auditing.

Prerequisite: ACCT 3213

Times Offered: Every quarter, day and evening

Course Learning Objectives:

Upon successful completion of this course, a student will understand:

• The attest function of Certified Public Accountants.

• The difference between assurance, attest and audit services of public accountants.

• The role of GAAS and the interpretive SAS.

• The audit risk model and associated alternative audit strategies.

• The function of systems of internal control and be able to identify weaknesses in such
systems.

• And distinguish material misstatement from illegal acts and the auditors responsibility for
the discovery of each.

• The meaning of materiality from both a financial statement and an account balance or class
of transaction perspective.

• And distinguish the circumstances leading to unqualified, qualified, adverse, and disclaimer
opinions and review and compilation reports.

• The role of internal auditing in business.

Assessment methods:
A variety of methods may be used to assess student learning, including, but not limited to:

• Homework assignments: Exercises, cases, problems (including ones taken from SEC
proceedings and those similar to what are included on the CPA examination), requiring
students to apply principles and procedures covered in the course.
• Group discussions and assignments: Articles and/or cases requiring students to analyze
circumstances, apply the appropriate principles and procedures and report their
conclusions.
• Internet assignments: Research assignments on the internet.
• Writing assignments: Individual and/or group writing assignments.
• Examinations: Objective, essay, and problem solving exercises.
 Learning Objectives
Acct 4370: International Accounting
4 Units

Catalog Description: Study of international financial reporting and management planning and
control concepts and practices, including foreign currencies and exchange risk management,
comparative international management accounting, global financial statement analysis, global
transparency and disclosure, and foreign currency accounting exchange rate changes.

Prerequisite: ACCT 2252 and 3200 or Acct. 6011 and 6022

Times Offered: Spring quarter, evening

Course Learning Objectives:

Upon successful completion of this course, a student will be able to:

• Understand the global business context of accounting and control.

• Account for foreign currencies and evaluate questions of foreign exchange risk
management.
• Understand how strategic and organizational changes in multinational enterprises are
reflected in changes in control systems and the need for accounting information.
• Understand the complexities involved in the practice of management control across
borders, especially those emanating from national and cultural differences.
• Understand some of the special problems of planning and performance evaluation in
multinational enterprise with particular reference to the complexities of foreign exchange
and transfer pricing.
• Understand the difficulties involved in using financial information prepared in different
national contexts.
• Understand issues associated with corporate transparency and disclosure in a global
context and the pressures for both traditional as well as more market-oriented approach to
disclosure.
• Understand the problems and impact of foreign currency accounting in an environment of
changing exchange rates.
• Understand the complexities involved in taxation across borders and need for effective tax
planning.

Assessment Methods:
A variety of methods might be used to assess student learning, including:
• Homework: Exercises, cases, and problems requiring students to apply principles and
practices.
• Group discussions and presentations: Articles and cases requiring students to discuss and
present principles and practices.
• Internet assignments: Internet-based research assignments.
• Writing assignments: Individual or group writing assignments.
• Examinations: essay and problem solving exercises.