Certificate of Achievement in CPA Exam Preparation - Financial Accounting Reporting

The Certificate of Achievement in CPA Exam Preparation - Financial Accounting Reporting is designed for students working to complete the coursework necessary to obtain their Certified Public Accounting (CPA) license. A CPA license is a distinguished and highly valued credential which enables the holder to work for public accounting firms, industry, government, not-for-profit and education. The CPA exam consists of four parts: 1) Audit and Attestation, 2) Business Environment and Concepts, 3) Financial Accounting and Reporting, and 4) Regulation. This certificate prepares the student for the Financial Accounting and Reporting section of the CPA exam. All courses in this certificate meet the 150 semester hour education requirement for licensure in the state of California.

 

 

 

On average 1,000 students have taken Financial Accounting I in the past two years, with Financial Accounting II and Managerial Accounting averaging 550 and 475, respectively. Tax Accounting and Accounting for Government & Not-for-Profit average over 200 regularly. Financial Accounting I, Financial Accounting II, and Managerial Accounting are traditionally offered in online, face-to-face, and hybrid platforms, and are offered all four academic quarters. Tax Accounting and Accounting for Government & Not-for-Profit are offered online across all four quarters. The demand for these courses continues to be strong. The efficient design of the certificate will attract students looking to gain the courses necessary to take and pass the Financial Accounting and Reporting section of the CPA exam.

 

All of the courses for the Certificate of Achievement in CPA Exam Preparation - Financial Accounting Reporting can be taken 100% online, asynchronously, allowing students anywhere to take these classes. We believe this will increase the number of students who complete the certificate.

Course #	Course Title	Annual Sections (19/20)	Annual Enrollment (19/20)	Annual Sections (20/21)	AnnualEnrollment(20/21)
ACTG 1A	Financial Accounting 1	29	1108	28	921
ACTG 1B	Financial Accounting II	16	613	15	567
ACTG 1C	Managerial Accounting	13	521	10	441
ACTG 67	Tax Accounting	8	270	8	234
ACTG 75	Accounting for Government & Not-for-Profit	8	224	8	218

The general objective of the Certificate of Achievement in CPA Exam Preparation - Financial Accounting Reporting is to prepare students to work as accountants, examining and preparing financial records, preparing budgets, and implementing internal control and cost control for private industry, government agencies, individuals, and non-profit entities. The academic goal of the certificate is to prepare students to transfer to four-year institutions. The vocational goal is to prepare students to take the CPA exam, to satisfy the educational requirement for the CPA license, and to prepare students to become marketable in the field of accounting.

 

Program Learning Outcomes:

·      Students will be able to understand the conceptual and standard setting for business and non-business entities

·      Students will be able to prepare and analyze general purpose for profit financial statements, including balance sheets, income statements, statements of comprehensive income, statements of changes in equity, and statements of cash flows

·      Students will be able to understand and analyze financial statement accounts, cash and cash equivalents, trade receivables, inventory, property plant and equipment, investments, intangible assets, payables and accrued liabilities, long term debt, equity, revenue recognition, and income tax provisions

·      Students will be able to prepare and analyze financial statements for non-governmental, not-for-profit entities, including statement of financial position, statement of activities and statement of cash flows

·      Students will be able to understand and apply public company reporting requirements, including calculation of earnings per share

·      Students will be able to analyze the content of the financial section of the comprehensive annual financial report (CAFR) for government wide financial statements

·      Students will be able to understand and apply specific types of transactions in governmental entities including items of measurement, valuation, and calculation

Students will be required to take 5 core courses.  In some cases, they may select  the Honors version of the course as the core course

Course	Title	Units	Year/Semester (Y1 or S1)
ACTG 1A	Financial Accounting I	5	Y1 Fall
ACTG 1B (or 1BH)	Financial Accounting II	5	Y1 Winter
ACTG 1C (or 1CH)	Managerial Accounting	5	Y1 Spring
ACTG 67	Tax ACTG	5	Y1 Fall
ACTG 75	Accounting for Government & Not-for-Profit	5	Y1 Spring

None at this time

We have discussed this with faculty member Theresa Thompson at Mission College and have received support for this certificate.