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The courses offered in the Certificate of Advanced Accounting Proficiency program are listed below. Of the eight courses, seven are required to receive the certificate (ACTG 181-187). ACTG 180 is strongly recommended for students who have not taken university-level accounting courses in the past year, and is required for students who have never taken an accounting course. If you would like to petition to waive ACTG 180, please contact the CAAP Admissions Team directly at or (408) 554-4522.

Introduces concepts and principles underlying external financial statements and provides a comprehensive overview of financial accounting practices, including transaction analysis and accounting for revenues, receivables, inventory, tangible and intangible assets, continent liabilities, installment loans and bonds, time value of money issues, equity transactions, and cash flows.

Prerequisite:  None.

To be eligible to waive ACTG 180 students must have completed an equivalent course and received a grade of B or better at an AACSB-accredited institution within 2 years of acceptance to the CAAP Program. Limited exceptions may be made for students who can demonstrate a working knowledge of introductory accounting.

In-depth study of the concepts underlying external financial reporting along with expanded coverage of the basic financial statements. Detailed analysis of the measurement and reporting of current assets, operational assets, and investments, including the treatment of related revenues and expenses.

Prerequisite:  C or better in ACTG 180

Intensive analysis of generally accepted accounting principles as applied to accounting for liabilities, stockholders’ equity, and the statement of cash flows. Covers accounting for income taxes, pensions, leases, and the calculation of earnings per share.

Prerequisite:  C- or better in ACTG 181

Basic assurance concepts such as risk, control, and evidence and important relationships among these concepts. Provides an understanding of the conceptual assurance framework underlying financial statement audits.

Prerequisite:  C- or better in ACTG 182 and 187

Partnership accounting from organization to liquidation. Accounting for business combinations under the acquisition method.  Consolidation of financial statements of a parent company and its subsidiaries. Coverage also includes a spectrum of financial reporting issues concerning intercompany equity investments and transactions between the parent and its subsidiaries.

Prerequisite:  C- or better in ACTG 182

Analysis of cost accounting with a strategic emphasis. Selected topics include process costing, activity-based costing, variance analysis, joint cost allocations, and the Theory of Constraints.

Prerequisite:  C- or better in ACTG 181

Analysis of various tax policies and procedures and their effect on business and personal tax planning. Includes an introduction to various taxes (income, payroll, state and local, international) that have decision-making implications. Addresses issues of importance for successful tax planning and tax minimization for individuals and businesses.

Prerequisite:  C- or better in ACTG 181

Understand and document accounting information systems and related internal control procedures.  Identify and Link internal control procedures to the accounting control objectives of completeness, validity, timeliness, valuation, and classification for sales/receivable, purchases/payables, payroll, production, the general ledger.  Understand and apply segregation of duties, independent checks, physical safeguards, adequate documentation and proper authorization to various accounting/business cycles.

Prerequisite:  C- or better in ACTG 185