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Accounting

Some of the courses listed in this section are accompanied by Supplemental Instruction. Supplemental Instruction (SI) is an academic assistance program that utilizes free peer-assisted weekly study sessions to help students learn the most difficult course content. For more information, please see the SI website at www.smc.edu/si .

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. Basic managerial accounting topics are also introduced.

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

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

Above section 1002 is accompanied by weekly Supplemental Instruction sessions which provide academic assistance to enrolled students. Please see the SI sessions schedule at www.smc.edu/si for days, times, and locations.

1003   8:30a-10:55a TTh   BUS 119   Arakelian A

1004   9:30a-11:55a MW   BUS 119   Trippetti V J

1005   10:00a-12:25p TTh   BUS 207   Maier L S

Above section 1005 is accompanied by weekly Supplemental Instruction sessions which provide academic assistance to enrolled students. Please see the SI sessions schedule at www.smc.edu/si for days, times, and locations.

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

1007   12:45p-3:10p TTh   BUS 119   Knight R B

Above section 1007 is accompanied by weekly Supplemental Instruction sessions which provide academic assistance to enrolled students. Please see the SI sessions schedule at www.smc.edu/si for days, times, and locations.

NEW 3335   12:45p-3:10p TTh   MC 12   Maier L S

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

1009   Arrange-7.5 Hours    ONLINE-E   Resnick W J

Above section 1009 meets for 13 weeks, Mar 10 to Jun 06, 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   Resnick W J

Above section 1010 meets for 13 weeks, Mar 10 to Jun 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 13 weeks, Mar 10 to Jun 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   Halliday P D

Above section 1012 meets for 13 weeks, Mar 10 to Jun 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1013   Arrange-11.3 Hours    ONLINE-E   Brookins G T

Above section 1013 meets for 8 weeks, Feb 18 to Apr 11, 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   Fitzgerald R L

Above section 1014 meets for 8 weeks, Feb 18 to Apr 11, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1015   Arrange-11.3 Hours    ONLINE-E   Demetre N J

Above section 1015 meets for 8 weeks, Apr 21 to Jun 13, and 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).

4001   6:45p-9:10p MW   BUS 119   Arakelian A

4002   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 (2 units) 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, corporate financial statement preparation and analysis and other GAAP and IFRS considerations. The managerial portion of the course (3 units) covers accounting concepts relevant to internal users rather than third party users of financial statements. Managerial accounting study includes full absorption and variable costing, cost accounting for job order and for mass produced goods (process costing), just-in-time, activity-based and total quality management approaches to costing manufacturing operations. Also studied are segment reporting, performance measurement, cost-volume-profit analysis, flexible budgeting, capital expenditure budgeting, standard costing, responsibility accounting, and decision making processes. Ethical issues surrounding these topics are also addressed.

1017   8:30a-10:55a TTh   BUS 263   Brookins G T

1018   9:30a-11:55a MW   BUS 254   Bernstein T D

1019   12:15p-2:40p MW   BUS 254   Leviton N J

1020   12:45p-3:10p TTh   BUS 254   Huang Ai M

1021   12:45p-3:10p TTh   BUS 263   Lu M

1022   2:15p-4:40p MW   BUS 144   Trippetti V J

1023   3:30p-5:55p TTh   BUS 119   Knight R B

1024   Arrange-7.5 Hours    ONLINE-E   Daniel C

Above section 1024 meets for 13 weeks, Mar 10 to Jun 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1025   Arrange-5 Hours    ONLINE-E   Brookins G T

Above section 1025 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1026   Arrange-11.3 Hours    ONLINE-E   Hanson M P

Above section 1026 meets for 8 weeks, Feb 18 to Apr 11, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1027   Arrange-11.3 Hours    ONLINE-E   Bernstein T D

Above section 1027 meets for 8 weeks, Apr 21 to Jun 13, and 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 13 weeks, Mar 10 to Jun 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 13 weeks, Mar 10 to Jun 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, Apr 21 to Jun 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

4003   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.

1031   Arrange-6.5 Hours    ONLINE-E   Huang Ai M

Above section 1031 meets for 8 weeks, Feb 18 to Apr 11, 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.

1032   Arrange-6.5 Hours    ONLINE-E   Huang Ai M

Above section 1032 meets for 8 weeks, Apr 21 to Jun 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.

1033   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 1033 meets for 8 weeks, Apr 21 to Jun 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1034   Arrange-6.5 Hours    ONLINE-E   Lu M

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

1035   Arrange-6.5 Hours    ONLINE-E   Lu M

   6:30p-8:35p T   BUS 119   Lu M

Above section 1035 meets for 8 weeks, Feb 18 to Apr 08, 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 1035 will have on campus meetings March 4, 11, April 1, and 8.

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.)

1036   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 1036 meets for 8 weeks, Feb 18 to Apr 11, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1037   Arrange-6.5 Hours    ONLINE-E   Lu M

Above section 1037 meets for 8 weeks, Feb 18 to Apr 11, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

4004   6:00p-8:30p Th   BUS 263   Brookins G T

   Arrange-6.5 Hours    ONLINE-E   Brookins G T

Above section 4004 meets for 8 weeks, Apr 24 to Jun 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 4004 have on campus meetings on May 15 and June 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.

1038   Arrange-9 Hours    ONLINE-E   Hanson M P

Above section 1038 meets for 8 weeks, Apr 21 to Jun 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

NEW 3374   Arrange-9 Hours    ONLINE-E   Kim J S

Above section 3374 meets for 8 weeks, Apr 21 to Jun 13, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1039   Arrange-7 Hours    ONLINE-E   Kim J S

   6:30p-8:30p W   BUS 251   Kim J S

Above section 1039 meets for 8 weeks, Apr 23 to Jun 11, 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 1039 hold the following on campus meetings: May 7, May 14, June 4, June 11.

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.

1040   Arrange-3 Hours    ONLINE-E   Carballo P S

Above section 1040 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.

1041   Arrange-4.5 Hours    ONLINE-E   Resnick W J

Above section 1041 meets for 13 weeks, Mar 10 to Jun 06, and is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1042   Arrange-4.5 Hours    ONLINE-E   Resnick W J

Above section 1042 meets for 13 weeks, Mar 10 to Jun 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.

1043   Arrange-3 Hours    ONLINE-E   Fitzgerald R L

Above section 1043 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1044   Arrange-3 Hours    ONLINE-E   Haig J

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

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.

1045   Arrange-3 Hours    ONLINE-E   Haig J

Above section 1045 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

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.

4005   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.

1046   Arrange-4.5 Hours    ONLINE-E   Halliday-Robert Ca E

Above section 1046 meets for 13 weeks, Mar 10 to Jun 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.

1047   Arrange-6.5 Hours    ONLINE-E   Valdivia O

Above section 1047 meets for 8 weeks, Feb 18 to Apr 11, 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 course uses Quickbooks Accountant 2013.

1048   9:30a-10:50a TTh   BUS 250   Valdivia O

1049   Arrange-4.5 Hours    ONLINE-E   Zimmerman W L

Above section 1049 meets for 13 weeks, Mar 10 to Jun 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 13 weeks, Mar 10 to Jun 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 13 weeks, Mar 10 to Jun 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.