Maricopa Community Colleges  ACC260   20074-99999 
Official Course Description: MCCCD Approval: 02/27/07
ACC260 20074-99999 LEC 2 Credit(s) 2 Period(s)
Certified Bookkeeper (CB) Preparation Seminar I
Fundamental accounting practices including accrual and deferral adjustments, correcting common transaction recording errors, bank reconciliations and adjusting entries. Includes payroll accounting and related Federal and State payroll law requirements. Accounting for depreciation for financial and tax accounting purposes covered.
Prerequisites: ACC111, or ACC211, or (bookkeeping experience and permission of Instructor).
Go to Competencies    Go to Outline
 
MCCCD Official Course Competencies:
 
ACC260   20074-99999 Certified Bookkeeper (CB) Preparation Seminar I
1. Describe eligibility and testing requirements for a certification in bookkeeping. (I)
2. Explain the professional association code of ethics. (I)
3. Apply generally accepted accounting principles (GAAP) to adjustments. (II)
4. Prepare adjusting entries including accruals and deferrals. (II)
5. Identify common accounting errors. (III)
6. Correct various accounting errors. (III)
7. Complete bank account reconciliations and related adjustments to a company's books. (IV)
8. Calculate payroll for both salary and hourly employees, including overtime pay, and record related payroll entries. (V)
9. Explain when federal and state governments should receive payroll payments from a company. (VI)
10. Summarize procedures for reporting a company's payroll to federal and state governments. (VI)
11. Calculate depreciation methods under GAAP and tax accounting. (VII)
12. Compare and contrast a company's reported depreciation per books and per Federal tax reporting rules. (VII)
Go to Description    Go to top of Competencies
 
MCCCD Official Course Outline:
 
ACC260   20074-99999 Certified Bookkeeper (CB) Preparation Seminar I
    I. Certified Bookkeeper (CB)
        A. Overview
        B. Eligibility
        C. Testing Requirements
        D. Professional Code of Ethics
        E. Maintaining Certification
      II. Adjusting Entries
          A. Overview
          B. Generally Accepted Accounting Principles (GAAP) Requirements
          C. Accruals
            1. Definition
            2. Revenue
            3. Expense
          D. Deferrals
            1. Definition
            2. Revenue
            3. Expense
          E. End-of-Fiscal Period Adjustments
          F. Adjusted Trial Balance
        III. Accounting Errors
            A. Overview
            B. Common Errors
            C. Correction of Errors
            D. Errors Spanning Fiscal Periods
            E. Correction of Errors Spanning Fiscal Periods
          IV. Bank Account Reconciliations
              A. Overview
              B. Reconciliations
              C. Correction of Errors
              D. Adjustment of Entries
            V. Recording Payroll
                A. Federal Laws
                B. State Laws
                C. Salary Payrolls
                D. Hourly Payrolls
                E. Overtime
                F. Journal Entries
                G. Posting to Ledgers
                H. Payroll Register
                I. Employee Earnings Record
              VI. Payroll Taxes
                  A. Federal Reporting/Payment Requirements
                  B. State Reporting/Payment Requirements
                  C. Withholding Taxes
                  D. Depositing Payroll Taxes
                  E. Reporting Rules
                VII. Depreciation
                    A. Overview
                    B. GAAP Methods
                    C. Calculation
                    D. Recording
                    E. Federal Tax Code
                    F. Federal Tax Rules
                    G. Tax Accounting Depreciation Methods
                    H. Vehicles Used for Business
                Go to Description    Go to top of Competencies    Go to top of Outline