Course Descriptions

Course Descriptions


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 not previously taken any accounting courses. If you would like to petition to waive ACTG 180 please contact the CAAP Admissions Team directly at or (408) 554-4522.

Financial and Managerial Accounting. Introduces concepts and principles underlying external financial statements and provides an overview of how managers use internal accounting information to make sound business decisions. This introductory class includes a self-study module which provides insight into the mechanics behind the preparation of financial statements, including the accounting model and accrual versus cash accounting.

To be eligible to waive ACTG 180 students must have taken an equivalent course at an AACSB-accredited institution, completed within the last 2 years with a grade of B or better.

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 reporting of corporate earnings.

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 ACTG 187

Partnership accounting from organization to liquidation. The focus is then on corporate accounting for business combinations and the consolidation of parent and subsidiary companies’ financial statements under both the purchase and the pooling-of-interests methods of business combinations. Covers a broad spectrum of financial reporting issues in the context of intercompany investments.

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 their effect on business and personal tax planning. Includes discussion of 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