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Accounting

ACCTG 1, Introduction to Financial Accounting    5 units

Transfer: UC, CSU • Prerequisite: None. • Advisory: Math 20.

This course introduces the student to the sole proprietorship, partnership, and corporate forms of ownership. This course also familiarizes the student with recording, classifying and interpreting financial data for service and merchandising businesses. It includes a study of the journals, ledgers and financial statements used by these entities. Also covered are computerized accounting systems, internal control, ethics, cash, accounts and notes receivable, merchandise inventory, plant assets and intangible assets, liabilities, and equity accounts.

1001   8:30a-10:55a MW   BUS 251   Schapa E J

1002   8:30a-10:55a TTh   BUS 254   Resnick W J

1003   9:30a-11:55a MW   BUS 263   Bernstein T D

1004   10:00a-12:25p MW   BUS 119   Maier L S

1005   10:00a-12:25p TTh   BUS 252   Maier L S

1006   12:00p-2:25p MW   BUS 251   Schapa E J

1007   12:45p-3:10p MW   BUS 263   Bernstein T D

1008   3:30p-5:55p TTh   BUS 254   Nault W H

1009   Arrange-11.3 Hours    ONLINE-E   Fitzgerald R L

Above section 1009 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1010   Arrange-7.5 Hours    ONLINE-E   Halliday P D

Above section 1010 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1011   Arrange-7.5 Hours    ONLINE-E   Halliday P D

Above section 1011 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1012   Arrange-7.5 Hours    ONLINE-E   Resnick W J

Above section 1012 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1013   Arrange-7.5 Hours    ONLINE-E   Resnick W J

Above section 1013 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1014   Arrange-11.3 Hours    ONLINE-E   Demetre N J

Above section 1014 meets for 8 weeks, Aug 26 to Oct 18, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1015   Arrange-5 Hours    ONLINE-E   Platz W A

Above section 1015 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1016   Arrange-5 Hours    ONLINE-E   Platz W A

Above section 1016 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1017   Arrange-11.3 Hours    ONLINE-E   Brookins G T

Above section 1017 meets for 8 weeks, Aug 26 to Oct 18, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

4001   5:30p-7:55p MW   BUS 119   Larizadeh M R

4002   6:45p-9:10p MW   BUS 251   Hicks L E

4003   6:45p-9:10p TTh   BUS 254   Nault W H

ACCTG 2, Corporate Financial and Managerial Accounting    5 units

Transfer: UC, CSU • Prerequisite: Accounting 1.

This course continues the study of introductory financial accounting principles begun in Accounting 1 and also covers introductory managerial accounting. The financial accounting portion of the course covers the corporate form of business organization, bond financing, installment notes and other long-term liabilities, investments in debt and equity securities, international operations and the Statement of Cash Flows. Financial statement analysis and full-absorption costing for manufacturing businesses completes the financial accounting portion of the course and transitions the focus to managerial accounting and internal users rather than third party users of financial statements. Managerial accounting study includes cost accounting for special order and for mass produced goods, including just-in-time and total quality management approaches. Also studied are cost allocation among business divisions, performance measurement, cost-volume-profit analysis, budgeting, standard costing, and decision making processes.

1018   9:30a-11:55a MW   BUS 254   Trippetti V J

1019   8:30a-10:55a TTh   BUS 207   Leviton N J

1021   12:45p-3:10p MW   BUS 207   Knight R B

1022   12:45p-3:10p TTh   BUS 254   Huang Ai M

1023   12:45p-3:10p TTh   BUS 263   Lu M

1024   12:45p-3:10p TTh   BUS 119   Leviton N J

1025   3:30p-5:55p MW   BUS 263   Knight R B

1026   4:00p-6:25p T   BUS 263   Daniel C

   Arrange-2.5 Hours    ONLINE-E   Daniel C

Above section 1026 is a hybrid class taught on campus and online via the Internet. For additional information, go to smconline.org (schedule of classes).

1027   Arrange-5 Hours    ONLINE-E   Hanson M P

Above section 1027 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1028   Arrange-7.5 Hours    ONLINE-E   Huang Ai M

Above section 1028 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1029   Arrange-7.5 Hours    ONLINE-E   Huang Ai M

Above section 1029 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1030   Arrange-11.3 Hours    ONLINE-E   Bernstein T D

Above section 1030 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1031   Arrange-11.3 Hours    ONLINE-E   Bernstein T D

Above section 1031 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1032   Arrange-7.5 Hours    ONLINE-E   Andre J M

Above section 1032 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

4004   6:45p-9:10p MW   BUS 263   Daniel C

ACCTG 6, Accounting Consolidations    3 units

Transfer: CSU • Prerequisite: Accounting 4 or 10C.

This course begins with the study of business combinations and covers in depth the preparation of consolidated financial statements and Financial Accounting Standards Board (FASB) 141. This course also covers accounting for estates and trusts.

ACCTG 6 and ACCTG 7 may be taken at the same time. ACCTG 6 does not have to be taken before ACCTG 7.

1033   Arrange-6.5 Hours    ONLINE-E   Huang Ai M

Above section 1033 meets for 8 weeks, Aug 26 to Oct 18, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 7, Advanced Accounting: Special Topics    3 units

Transfer: CSU • Prerequisite: Accounting 4 or 10C.

This course may be taken before Accounting 6.

This course covers special accounting topics, including accounting for foreign currency transactions, partnerships, state and local governments, not-for-profit entities and accounting research.

ACCTG 7 and ACCTG 6 may be taken at the same time. ACCTG 7 does not have to be taken after ACCTG 6.

1034   Arrange-6.5 Hours    ONLINE-E   Huang Ai M

Above section 1034 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 10A, Intermediate Accounting A    3 units

Transfer: CSU • Prerequisite: Accounting 2.

Basic pronouncements of the Financial Accounting Standards Board and their applications to accounting are covered in this course, along with cash, receivables, temporary investments, the time value of money, income and cash flow statements and estimating procedures.

1035   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 1035 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1036   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 1036 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

4005   6:30p-8:35p T   BUS 252   Lu M

   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 4005 meets for 8 weeks, Aug 27 to Oct 15, and is a hybrid class taught on campus and online via the Internet. For additional information, go to smconline.org (schedule of classes). Above section 4005 will have four on campus meetings: Sept 10, 17, Oct 8 and 15.

ACCTG 10B, Intermediate Accounting B    3 units

Transfer: CSU • Prerequisite: Accounting 10A.

A continuation of Intermediate Accounting A (ACCTG 10A), this course includes further study of the basic pronouncements of the Financial Accounting Standards Board and their applications to accounting. Covered in detail in this course are inventories, land, buildings, equipment, intangible assets, current and long term liabilities and contingencies and stockholders’ equity (paid-in capital and retained earnings.)

1037   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 1037 meets for 8 weeks, Aug 26 to Oct 18, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1038   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 1038 meets for 8 weeks, Aug 26 to Oct 18, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

4006   6:00p-8:05p Th   BUS 106   Carballo P S

   Arrange-6.5 Hours    ONLINE-E   Carballo P S

Above section 4006 meets for 8 weeks, Oct 21 to Dec 12, and is a hybrid class taught on campus and online via the Internet. For additional information, go to smconline.org (schedule of classes). Above section 4006 will have four on campus meetings: Nov 7, Nov 14, Dec 5 and Dec 12.

ACCTG 10C, Intermediate Accounting C    4 units

Transfer: CSU • Prerequisite: Accounting 10B or 3.

A continuation of Intermediate Accounting A and B (ACCTG 10A, 10B), this course includes further study of the pronouncements of the Financial Accounting Standards Board and other primary source GAAP and their applications to accounting for corporations. Covered in detail in this course are investments, earnings per share, financial statement analysis, revenue recognition, accounting for income taxes, pensions, leases, and full disclosure in financial reporting.

1039   Arrange-8 Hours    ONLINE-E   Hanson M P

Above section 1039 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1040   Arrange-8 Hours    ONLINE-E   Carballo P S

Above section 1040 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

NEW  3409   6:30p-8:35p Th   BUS 119   Kim J S

   Arrange-8 Hours    ONLINE-E   Kim J S

Above section 3409 meets for 8 weeks, Oct 24 to Dec 12, and is a hybrid class taught on campus and online via the Internet. For additional information, go to smconline.org (schedule of classes). Above section will have meetings on campus on selected dates including Nov 7, 14, Dec 5, 12.

ACCTG 11, Cost Accounting   3 units

Transfer: CSU • Prerequisite: Accounting 2.

This course focuses on cost accounting theory with emphasis on job order and process cost accounting, accounting methods for material, labor, and factory overhead, and preparation of financial statements from cost data. Topics include cost management concepts, activity cost behavior, job order costing, process costing, budgeting, standard costing, cost/volume/profit analysis, and tactical decision making.

1041   Arrange-3 Hours    ONLINE-E   Carballo P S

Above section 1041 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 12, Auditing   3 units

Transfer: CSU • Prerequisite: Accounting 2.

This course covers the role and responsibility of Certified Public Accountants in the audit of financial statements. Emphasis will be placed on verification of balance sheets and internal control of accounting systems and cycles. Topics include sampling techniques, workpaper preparation, flow-charting, AICPA statements of auditing standards, professional ethics, legal liability, audit reports, and audit programs.

1042   Arrange-4.5 Hours    ONLINE-E   Resnick W J

Above section 1042 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1043   Arrange-4.5 Hours    ONLINE-E   Resnick W J

Above section 1043 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 15, Individual Income Taxes    3 units

Transfer: CSU • Prerequisite: Accounting 2.

Internal Revenue Service tax laws and regulations and accounting procedures are studied in this course to enable the tax professional to apply the information to completing federal and California state individual income taxes.

1044   Arrange-3 Hours    ONLINE-E   Fitzgerald R L

Above section 1044 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

4008   6:45p-9:15p Th   BUS 252   Haig J

   Arrange-3 Hours    ONLINE-E   Haig J

Above section 4008 is a hybrid class taught on campus and online via the Internet. For additional information, go to smconline.org (schedule of classes). Above section 4008 have two on campus meetings on Sept 26 and Nov 21.

ACCTG 16 Taxation of Corporations, Partnerships, Estates and Trusts   3 units

Transfer: CSU • Prerequisite: Accounting 15.

This course covers tax laws and the reporting requirements of the Internal Revenue Service as applied to corporations, partnerships, estates and trusts.

4009   6:45p-9:10p Th   BUS 252   Haig J

   Arrange-3 Hours    ONLINE-E   Haig J

Above section 4009 is a hybrid class taught on campus and online via the Internet. For additional information, go to smconline.org (schedule of classes). Above section 4009 have two on campus meetings on Sept 12 and Nov 7.

ACCTG 21, Business Bookkeeping    3 units

   •   Prerequisite: None.

This course surveys basic bookkeeping principles and practices and the use of records to help bookkeepers and business owners/managers better understand common business terms, transactions, and record keeping in small businesses. This course provides the student with the basic accounting concepts and procedures required for all businesses. Through lecture and problem solving, the student will learn to do a full set of books pertaining to a small business enterprise. Topics covered include analyzing and classifying business transactions, financial statements, worksheets and adjusting entries, bank reconciliations, payroll, specialized journals, and tax aspects of small businesses.

4011   6:30p-9:35p T   BUS 251   Hicks L E

ACCTG 26, Advanced Business Law    3 units

Transfer: UC, CSU • Prerequisite: Business 5.

This course covers advanced topics in agency, partnerships, corporations, LLCs, torts, legal procedures and other advanced topics.

Accounting 26 is the same course as Business 6. Students may earn credit for one but not both.

1045   Arrange-4.5 Hours    ONLINE-E   Halliday-Robert Ca E

Above section 1045 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 31A, Excel for Accounting    3 units

Transfer: CSU • Prerequisite: Accounting 1 or 21.

This course entails the detailed application of accounting principles, using the Excel spreadsheet package. Topics include the use of functions and formulas of Excel with emphasis on accounting as a financial analysis tool.

This course uses Excel 2010.

1046   Arrange-6.5 Hours    ONLINE-E   Valdivia O

Above section 1046 meets for 8 weeks, Aug 26 to Oct 18, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 31B, Advanced Excel for Accounting    3 units

Transfer: CSU • Prerequisite: Accounting 2 and 31A.

This course includes a detailed study of advanced accounting using the Excel spreadsheet package. Topics include the use of advanced functions and formulas of Excel with emphasis on accounting as a financial analysis tool.

This course uses Excel 2010.

1047   Arrange-6.5 Hours    ONLINE-E   Valdivia O

Above section 1047 meets for 8 weeks, Oct 21 to Dec 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 35, QuickBooks    3 units

Transfer: CSU • Prerequisite: CIS 1 or 4 and Accounting 1 or 21.

This course provides the student with a realistic approach to computerized, integrated accounting principles using QuickBooks software package. Students will work with the various components of an accounting system in an ongoing business, as well as set up an accounting system for a new company. Topics include the creation of a QuickBooks company, and the analysis of financial statements, reports and graphs. Students will gain experience in the creation and use of invoices, purchase orders, inventory, bank accounts, and payroll. In addition, students will be able to complete the entire accounting cycle including recording adjusting entries and making corrections on the transactions as needed. Hands-on experience is provided in a microcomputer lab.

Accounting 35 is the same class as CIS 35. Student may earn credit for one, but not for both. This class uses QuickBooks Premier Accountant Edition 2012.

1048   9:30a-10:50a MW   BUS 255   Valdivia O

1049   Arrange-4.5 Hours    ONLINE-E   Zimmerman W L

Above section 1049 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1050   Arrange-4.5 Hours    ONLINE-E   Zimmerman W L

Above section 1050 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 45, Individual Financial Planning    3 units

Transfer: CSU • Prerequisite: None.

This course provides students with the tools to achieve their personal financial goals. It will help them make informed decisions related to spending, saving, borrowing, and investing. Topics covered include personal financial planning; money management; tax strategy; consumer credit; purchasing decisions; insurance; investing in stocks, bonds, mutual funds, and real estate; retirement; and estate planning.

Accounting 45 is the same class as Business 45. Students may earn credit for one, but not for both.

1051   Arrange-4.5 Hours    ONLINE-E   Halliday P D

Above section 1051 meets for 12 weeks, Sep 16 to Dec 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ACCTG 88A, Independent Studies in Accounting    1 unit

Transfer: CSU

Please see “Independent Studies” section.

1052   Arrange-1 Hour    BUS 220D   Tucker J L

ACCTG 88B, Independent Studies in Accounting    2 units

Transfer: CSU

Please see “Independent Studies” section.

1053   Arrange-2 Hours    BUS 220D   Tucker J L

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IMPORTANT! Many SMC classes require the use of a computer with Internet access to reach class resources and/or to complete assignments and/or take exams. To locate a computer lab on campus go to www.smc.edu/acadcomp and click on the “Labs” link.