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COURSE DESCRIPTIONS
ACCOUNTING
also see
Business, CAOT, CIS, Finance, International Business,
Management, Marketing, Real Estate and Supervision.
1 - INTRODUCTORY ACCOUNTING I (5 UNITS)
UC:CSU
Credit is allowed in only one of Accounting 1 or the Accounting 21
and 22 combination.
This course provides an introduction to financial
accounting and accounting information systems. Areas
covered include recording, summarizing, and reporting of
business transactions, preparation of financial statements,
revenues and expense recognition; assets, liability, and
capital accounts. Emphasis is placed on accounting for
sole proprietorships and corporations and the use of
accounting information in decision making by various
stakeholders.
2 - INTRODUCTORY ACCOUNTING II
(5 UNITS ) UC:CSU
Prerequisite: Completion of Accounting 1 or the Accounting 21 and
22 combination with a letter grade of “C” or better.
Topics covered include corporate income tax reporting,
unusual income statement items, accounting for
investment in stocks and bonds, bonds payable, statement
of cash flows, present value concept and financial
statement analysis. However, course emphasizes mainly
managerial accounting concepts and principles for
planning and decision making.
3 - INTERMEDIATE ACCOUNTING (3 UNITS)
CSU
Prerequisite: Completion of Accounting 2 with a letter grade of ‘C’
or better.
This course emphasizes the application of generally
accepted accounting principles in the preparation
and use of financial statements for decision-making
purposes. Special emphasis is placed on the recognition
and measurement of revenues, cash, receivables,
inventories, property, plant and equipment, depreciation
and depletion, and intangibles
11 - COST ACCOUNTING (3 UNITS) CSU
Prerequisite: Completion of Accounting 2 with a letter grade of ‘C’
or better.
A study of managerial cost accumulation concepts and
techniques for product and service costing, planning
and control. Emphasis is on the use of cost accounting
information for decision making and the preparation,
analysis and use of cost accounting information. Topics
include process costing, job order costing, variable
costing, direct costing, standard costing, budgeting and
profit planning, activity based costing.
15 - TAX ACCOUNTING I (3 UNITS) CSU
A practical study of the current federal revenue acts and
California State Tax Law as they relate to business and
individual income tax procedures is made. Topics studied
include income inclusions and exclusion, capital gains
and losses, and business and personal deductions. To
repeat Accounting 15 for an update, take Business 10.
16 - TAX ACCOUNTING II (3 UNITS) CSU
Prerequisite: Completion of Accounting 1 or 15 with a letter grade
of ‘C’ or better.
A continued study of income tax regulations and
procedures is made. Accounting methods, installment
sales, partnerships, and corporate income tax procedures
are studied.
21 – BOOKKEEPING AND ACCOUNTING I
(3 UNITS) UC:CSU
This course is the first half of Accounting I and it is
an introduction to financial accounting and accounting
information systems. It includes recording, summarizing,
and reporting of business transactions in various journals
and ledgers, preparation of trial balance and financial
statements, revenues and expense recognition; assets,
liability, and capital accounts
22 – BOOKKEEPING AND ACCOUNTING II
(3 UNITS) UC:CSU
Prerequisite: Completion of Accounting 21 with a letter grade of
‘C’ or better
This course is the second half of Accounting I and it is
an introduction to financial accounting and accounting
information systems. It includes a study of the voucher
system, payroll accounting, depreciation, inventory
valuation, bad debts, notes and interest. Emphasizes
accounting for sole proprietorships and corporations and
108 * Course Descriptions Los Angeles Harbor College