Accounting

Accounting is the systematic recording, analysis, explanation and interpretation of the financial transactions of a business. Topics covered in the accounting courses offered at Citrus College include basic accounting, financial and managerial accounting principles, income tax accounting, and accounting general ledger software. Accounting courses satisfy general education requirements for an associate degree and lower division transfer. ACCT 101 Financial Accounting and ACCT 102 Managerial Accounting are undergraduate requirements for the Bachelor of Arts degree in Business. Students may earn a certificate of achievement in accounting. The Honors Program includes one course: ACCT 101H Financial Accounting/Honors.

Faculty

NameOffice Room NumberPhoneEmail
Borja, Patrick LB 205626-857-4105pborja@citruscollege.edu
Smolin, Robert LB 205626-857-4055rsmolin@citruscollege.edu

Contact Information

Division
Math and Business
Dean
Michael Wangler
Administrative Secretary
Cynthia Audelo
Division Office
CI 208
Division Phone Number
626-914-8792

This discipline prepares students to do the following:

  • Prepare accurate reports for decision-making and regulatory compliance using general ledger software and commonly used office software programs.
  • Possess a working knowledge of accounting and business terminology and accounting principles and concepts used in the business environment.

ACCT 100
Accounting
4 Units (AA/AS)
72 lecture hours

Grade Mode: Pass/No Pass, Standard Letter

Strongly recommended: ENGL 099 if required by English placement exam or if required by English level.

The objective of this course is to provide an elementary accounting background for business students. Course content includes development of the accounts through journalizing, cash journal entries, sales and purchases, posting, trial balance, work sheet and resultant financial statements.

ACCT 101
Financial Accounting
4 Units (AA/AS; CSU; UC)
72 lecture hours
Equivalent to: ACCT 101H

Grade Mode: Pass/No Pass, Standard Letter

Strongly recommended: ACCT 100 or high school bookkeeping, or related job experience.

The objectives of this course are to learn the content and meaning of the basic financial statements and their impact on the decision-making process in the business environment. This course will provide a broad overview of the importance of accounting in the business process as well as introduce the student to the double entry system of accounting, how to record, process and report on the business transactions and events and to consider the operating cycles in business. Topical areas covered in this class will include cash, accounts, inventory, property, plant and equipment, intangible assets, current liabilities and stockholder equity. The importance of internal controls will be reviewed and the components of the income statement will also be discussed.

ACCT 101H
Financial Accounting/Honors
4 Units (AA/AS; CSU; UC)
72 lecture hours
Equivalent to: ACCT 101

Grade Mode: Standard Letter

Prerequisite(s): Student must be eligible for the Citrus College Honors Program or obtain a recommendation from an Honors instructor.

Strongly recommended: ACCT 100 or high school bookkeeping; or related job experience.

Examines the fundamental concepts of financial accounting such as: the basic financial statements; the double entry system of accounting; financial analysis and internal controls. Analyze financial data to evaluate performance and formulate appropriate course of action in the business environment. Students are expected to work and participate at an honors level which includes advanced critical thinking skills, more in depth analysis of financial statements and presentation skills as demonstrated by group presentations, class participation and case study analysis.

ACCT 102
Managerial Accounting
4 Units (AA/AS; CSU; UC)
72 lecture hours

Grade Mode: Pass/No Pass, Standard Letter

Prerequisite(s): ACCT 101 or ACCT 101H.

This is the study of how managers use accounting information in decision-making, planning, directing operations and controlling. Focuses on cost terms and concepts, cost behavior, cost structure and cost-volume-profit analysis. Includes issues relating to cost systems, cost control, profit planning, and performance analysis in manufacturing and service environments.

ACCT 110
Income Tax Accounting
4 Units (AA/AS; CSU)
72 lecture hours

Grade Mode: Pass/No Pass, Standard Letter

A course designed to study the federal income tax process, federal income tax laws that apply to individuals, and the application of tax principles to specific problems. Topics include gross income and exclusions, business deductions and itemized deductions, losses, certain tax credits and property transactions. Study is also made of California income tax laws in those areas which differ from federal tax law.

ACCT 115
QuickBooks
2 Units (AA/AS)
36 lecture hours

Grade Mode: Pass/No Pass, Standard Letter

Instruction in QuickBooks, a computerized accounting system for business. Applies basic accounting concepts.

Certificate of Achievement

Skill Award