# Accounting (ACC) courses

Palo Verde College · 2026-2027 Catalog · 3 courses

Source: https://catalog.paloverde.edu/index.php?catoid=2

"Offered" lists sections in this catalog year's class schedules: Fall 2026, Spring 2027.

### ACC 100 — Basic Accounting

- **Units:** 4
- **Hours:** 72 hours total, 4 hours lecture weekly
- **Transfers to:** CSU
- **Offered:** not on the Fall 2026, Spring 2027 schedules
- Student Learning Outcomes: Define and state the purpose of Income Statement, Statement of Owner's Equity, Balance Sheet and prepare in proper form. Analyze and record business transactions into a journal. Define a ledger and calculate the balance of an account.
- General Education: Not approved for General Education
- Course Duration (Weeks): 18

This course will cover the theory and practice in the fundamentals of accounting transactions; business documents; journals and ledgers; and opening, adjusting and closing entries. Theory of debit and credit, analysis and recording of business transactions, an introduction to payroll accounting, and completion of the accounting cycle with preparation of simple financial reports.

### ACC 101 — Principles of Accounting I

- **Units:** 4
- **Hours:** 72 hours total, 4 hours lecture weekly
- **Prerequisite:** ACC 100
- **Transfers to:** CSU, UC
- **Offered:** not on the Fall 2026, Spring 2027 schedules
- Student Learning Outcomes: Describe the role of accounting and ethics in business and show familiarity with accounting terminology. Summarize principles based on GAAP (and IFRS equivalents), such as the business entity and cost concept and revenue recognition and matching principles. Describe the elements of internal control and illustrate its application to cash (bank reconciliations, petty cash).
- General Education: Not approved for General Education
- Course Duration (Weeks): 18

This introductory financial accounting course provides instruction in the theory and practice of accounting applicable to recording, summarizing, and reporting of business transactions for external reporting and other external uses. Subject matter includes coverage of asset valuation, revenue and expense recognition, and appropriate accounting for various asset, liability, and capital accounts. This course is required for business majors preparing for, and planning to transfer to a four-year college or university.

### ACC 102 — Principles of Accounting II

- **Units:** 4
- **Hours:** 72 hours total, 4 hours lecture weekly
- **Prerequisite:** ACC 101
- **Transfers to:** CSU, UC
- **Offered:** not on the Fall 2026, Spring 2027 schedules
- Student Learning Outcomes: Describe managerial accounting and its role in a business. Prepare a responsibility accounting report for a cost/profit/ investment center and describe how transfer pricing is used between decentralized segments of a business. Allocate product costs using activity-based costing.
- General Education: Not approved for General Education
- Course Duration (Weeks): 18

Continues on the foundations acquired in ACC 101. The basic accounting concepts and principles are adapted to more complex business organizations such as partnerships, corporations, and manufacturing companies, including theories and practices peculiar to these forms of business organizations. Emphasis is given to the use of information needed for managerial planning and control. Students are introduced to the concepts of cost accounting and budgeting data needed in the planning and control in the decision making process.