ACCOUNTING, TAXATION & INTERNAL AUDIT

Accounting & Bookkeeping

For more information call (310) 206-1654 or email fmpcertificate@uclaextension.edu

Accounting

Students who plan to become accountants in public accounting or private industry and who are preparing for the CPA examination are advised to enroll in the Accounting Certificate. Students are advised to complete MGMT X 1A and MGMT X 1B Principles of Financial Accounting (or equivalent courses) and MGMT X 422 Cost Accounting and Analysis before enrolling in the certificate, since these are prerequisites for many courses in the curriculum.

Students who plan to pursue career opportunities in internal auditing and who are preparing for the CIA examination are advised to enroll in the Internal Audit Certificate. Students are advised to complete MGMT X 120A, MGMT X 120B, and MGMT X 120C Intermediate Accounting Theory and Practice (or equivalent courses) before enrolling in the certificate, since these are prerequisites for many courses in the curriculum.

MGMT X 1A

Principles of Financial Accounting

4.0 units

This course is the first in a two-course Principles of Financial Accounting sequence and provides an introduction to accounting theory, principles, and practice. Instruction covers the uses, communication, and processing of accounting information, as well as the recording, analyzing, and summarizing of procedures used in preparing balance sheets and income statements. Additional topics include accounting for purchases and sales, receivables and payables, cash and inventories, plant and equipment, depreciation and natural resources, intangible assets, and payrolls. Sole proprietorships and partnerships also are examined. c

Reg# 392661

Fee: $855

No refund after 19 June.

M Online

June 26-July 30

Accelerated section. 7 & Winny Poon , CPA, MBA; director, Financial Accounting, UCLA Extension BFS.

Reg# 392659

Fee: $855

No refund after 19 June.

M Online June 26-Sept. 10 7 & Kurt Hull MBA, CPA, consultant

Reg# 392660

Fee: $855

No refund after 20 June.

X In-Person

12 mtgs

Tuesday, 6:30-9:30pm, June 27-Sept. 12

UCLA Extension Lindbrook Center: 10920 Lindbrook Dr. 7 & David Harmon, MBA, CPA, CIA, CFE, CCSA

MGMT X 1B

Principles of Financial Accounting II

4.0 units

The second in a two-course Principles of Financial Accounting sequence, this course covers corporations, analysis and interpretation of financial statements, and statements of cash flows, as well as examines accounting for operations of departments and manufacturing. Additional topics include cost accounting systems and variable costing; budgeting as an aid to planning and control; authorization and issuance of capital stock; as well as reporting the results of operations, bonds payable, income taxes, and business decisions. c

Prerequisite(s): MGMT X 1A Principles of Financial Accounting.

Reg# 392663

Fee: $855

No refund after 21 June.

X In-Person

11 mtgs

Wednesday, 6:30-9:30pm, June 28-Sept. 6

UCLA

UCLA: School of Public Affairs Bldg. 7 & Tefera Tibebu Beyene BA, CPA, MBA, PhD

Reg# 392662

Fee: $855

No refund after 31 July.

M Online

Aug. 7-Sept. 10

Accelerated section. 7 & Winny Poon , CPA, MBA; director, Financial Accounting, UCLA Extension BFS.

MGMT X 120A

Intermediate Accounting Theory and Practice - A 4.0 units

This is the first course in the three-course Intermediate Accounting sequence. MGMT X 120A covers the interpretation, use, processing, and presentation of accounting information and the preparation of principal accounting statements. Topics include an overview of the conceptual framework of accounting; valuation; recording; and presentation of the balance sheet, income statement, and statement of cash flows. Students are introduced to time value of money concepts, as well as accounting for cash, receivables, and the first part of inventories. c

Prerequisite(s): MGMT X 1A and MGMT X 1B Principles of Financial Accounting and MGMT X 422 Cost Accounting and Analysis, or consent of instructor.

Reg# 392648

Fee: $855 No refund after 19 June.

M Online

June 26-Sept. 10 7 & Lee Krueger, MBA, senior finance manager, Walt Disney World Co. Reg# 392650

Fee: $855 No refund after 21 June.

X In-Person

11 mtgs

Wednesday, 6-9pm, June 28-Sept. 6

UCLA Extension Lindbrook Center: 10920 Lindbrook Dr. 7 & Michael Miqdadi CPA, BA

MGMT X 120B

Intermediate Accounting Theory and Practice - B

4.0 units

This is the second course in the three-course Intermediate Accounting sequence which covers accounting for long-term assets and intangibles, current and long-term liabilities, and stockholders’ equity. c

Prerequisite(s): MGMT X 120A Intermediate Accounting Theory and Practice.

Reg# 392651

Fee: $855 No refund after 19 June.

M Online

June 26-Sept. 10 7 & Instructor to be announced

Reg# 392652

Fee: $855 No refund after 22 June.

X In-Person

11 mtgs

Thursday, 6:30-9:30pm, June 29-Sept. 7

UCLA Extension Gayley Center: 1145 Gayley Ave. 7 & Gary Krausz MAcc, CPA, accounting manager, Gursey, Schneider & Co. LLP

MGMT X 120C

Intermediate Accounting Theory and Practice - C

4.0 units

This is the third course in the three-course Intermediate Accounting sequence. MGMT X 120C covers such complex accounting issues as accounting for investments, revenue recognition, pension plans, leases, accounting for income taxes, accounting changes, preparation of the statements of cash flows, and an overview of financial statement analysis. c

Prerequisite(s): MGMT X 120B Intermediate Accounting Theory and Practice or consent of instructor.

Reg# 392653

Fee: $855 No refund after 19 June.

M Online

June 26-Sept. 10 7 & Brenda Forde, MBA, CPA

Reg# 392654

Fee: $855 No refund after 20 June.

A Remote 12 mtgs

Tuesday, 6:30-9:30pm, June 27-Sept. 12

Remote Classroom 7 & Kurt Lipar, BA, MBA, CPA

MGMT X 124A

Advanced Accounting Theory and Practice - A

4.0 units

This course examines intercompany transactions, partially owned subsidiaries, and parent company vs. entity theory valuation of noncontrolling interest in subsidiaries. Topics include business combinations; accounting for mergers, consolidations, and acquisition of subsidiaries; cost vs. equity method of accounting for operations of subsidiaries; preparation of financial statements; and home office and branch office relationships. c

Prerequisite(s): MGMT X 120A, B, and C Intermediate Accounting Theory and Practice and MGMT X 422 Cost Accounting and Analysis, or consent of instructor.

Reg# 392656

Fee: $855

No refund after 19 June.

M Online

June 26-Sept. 10 7 & Wendy Achilles PhD, CPA

Reg# 392655

Fee: $855

No refund after 20 June.

ˆ Hybrid (Remote)

12 mtgs

Tuesday, 6-8pm, June 27-Sept. 12

Remote Classroom 7 & Brandon Tran CPA

MGMT X 124B

Advanced Accounting Theory and Practice - B

4.0 units

This course examines partnerships and joint ventures; installment and consignment sales; receiverships, estates, and trusts; and governmental units. International operations, including accounting for transactions with foreign companies, use of foreign exchange contracts to hedge against foreign currency fluctuations, and translation of accounts of foreign subsidiaries and branches also are covered. c

Prerequisite(s): MGMT X 124A Advanced Accounting Theory and Practice or consent of instructor.

Reg# 392658

Fee: $855

No refund after 19 June.

M Online

June 26-Sept. 10 7 &

Larry B. Wolod CPA, JD, LLM

Reg# 392657

Fee: $855

No refund after 22 June.

A Remote

11 mtgs

Thursday, 6:30-9:30pm, June 29-Sept. 7

Remote Classroom 7 & Tefera Tibebu Beyene BA, CPA, MBA, PhD

MGMT X 422

Cost Accounting and Analysis

4.0 units

This course covers the nature, objectives, and procedures of cost accounting and control. Topics include job costing and process costing, joint product costing, standard costs, theories of cost allocation and absorption, uses of cost accounting data for management decision making, accounting for manufacturing overhead, cost budgeting, cost reports, distribution costs, standard costs, differential cost analysis, profit-volume relationships, and break-even analysis. Designed for people who are preparing for careers in accounting or those currently in production planning, materiel control, production control, program management, and pricing and/or purchasing.

Prerequisite(s): MGMT X 1B Principles of Financial Accounting II.

Reg# 392664

Fee: $855

No refund after 19 June.

M Online

June 26-Sept. 10 7 &

Chee-Sum Tan, MBA, FCCA, CPA, CFA, ABV, controller/accounting manager, Union Bank of California

Reg# 392665

Fee: $855

No refund after 20 June

Hybrid (Flexible)

12 mtgs

Tuesday, 6-7:30pm, June 27-Sept. 12

Remote Classroom 7 & Lisa Maier BA, CPA

MGMT X 423 Financial Auditing

4.0 units

This course examines the auditing principles governing the responsibilities of certified public accountants in their examination of clients’ financial statements. Professional ethics, legal liability, internal control, evaluation, sampling techniques, and audit reports are discussed. A study of the statements on auditing standards issued by the American Institute of CPAs also is discussed. Instruction emphasizes verification of the major items reported in clients’ statements, audit programs, and case studies.

Prerequisite(s): MGMT X 120A, B, and C Intermediate Accounting Theory and Practice, or consent of instructor.

Reg# 392667

Fee: $855

No refund after 19 June.

X In-Person0

June 26-Sept. 16 & 7

Instructor to be announced

Reg# 392666

Fee: $855

No refund after 19 June.

M Online

June 26-Sept. 10 7 & Kurt Hull MBA, CPA, consultant

MGMT X 423.18

Nonprofit Accounting

4.0 units

Nonprofit organizations represent one of the fastest-growing sectors of our economy. This fact makes it increasingly important for auditors, managers, and CPAs in public, private, and nonprofit firms to understand how nonprofits measure financial performance and how they differ from for-profit organizations. This course examines the core principles and practices of nonprofit accounting and summarizes the accounting requirements and practices of specific types of nonprofit organizations, including hospitals, colleges and universities, health and welfare organizations, and nonprofit and for-profit organizations that receive government assistance in the form of contracts, guaranties, grants, or assistance that may be subject to federal audit requirements. Other topics include the general characteristics and operational environment of nonprofit organizations; applying generally accepted standards and principles; and financial statements, audit guides, and recent changes in nonprofit accounting and reporting rules.

Prerequisite(s): MGMT X 1A and MGMT X 1B Principles of Financial Accounting, relevant experience in the nonprofit sector, or consent of instructor.

Reg# 392668

Fee: $855

No refund after 19 June.

M Online

June 26-Sept. 10

34 hours of MCLE credit available.

Business-related elective in the Accounting Certificate. Enrollment limited; early enrollment advised. 7 & Rebecca Evans MSBE, BS

MGMT 822.51

Nonprofit Fundamentals

The six-week course discusses the different fundamental areas of nonprofit operations. Weekly topic discussions include board of directors development, staff training, program design and management, grants, audits, and financial analytics and projections.

Reg# 392340

Fee: $375

No refund after 4 July.

A Remote 6 mtgs

Tuesday, 6-9pm, July 11-Aug. 15

Remote Classroom

Ivory Chambeshi, BA in Ethnic Studies from UC Riverside; MA in Urban Planning and Public Administration and a Certificate in Nonprofit Management and Policy from the University of Southern California. Ms. Chambeshi has an extensive background in nonprofit management, community development, and public policy, having led in the social sector for her nearly-20 years of professional. In earlier roles, she managed programs, communications, and fund development for local nonprofit organizations in her native South L.A. and for non-governmental organizations in Southern Africa. This breadth of experience led to her founding of the social impact consultancy Urban Rising Group, which provides strategic and land use planning, capacitybuilding, and community engagement services for nonprofits, governmental entities, and businesses. Recently, Ms. Chambeshi has also served in Mayor Eric Garcetti’s Office as Director of Neighborhood Initiatives for the Watts Rising Collaborative, a place-based, comprehensive sustainable community development initiative implementing multimillion dollar State and Federal grants in concert with the $1B+ redevelopment of the Jordan Downs public housing community.

MGMT X 423.4

International Accounting

4.0 units

This course is designed for students of accounting and international business professionals who are working for public accounting firms, corporations, and other enterprises engaged in international business, as well as governmental institutions and international organizations. Instruction covers a broad range of accounting challenges faced by multinational enterprises, including the transition from GAAP to IFRS, the ways different countries perceive and interpret certain accounting topics, and the rationale for how to deal with them. Case studies illustrate the specific day-to-day accounting issues that are encountered in international business operations.

Prerequisite(s): MGMT X 1A and MGMT X 1B Principles of Financial Accounting or consent of instructor.

Reg# 392669

Fee: $855

No refund after 21 June.

X In-Person

11 mtgs

Wednesday, 2-5pm, June 28-Sept. 6

UCLA Extension Gayley Center: 1145 Gayley Ave.

Enrollment limited. 7 & Michael Miqdadi, CPA, BA

MGMT X 423.42

Internships in Accounting, Internal Audit, and Taxation

4.0 units

This internship provides practical experience in a variety of accounting or taxation job functions within public accounting, private industry, or the nonprofit environment and offers an opportunity to apply the material previously studied in your accounting or taxation courses. Students intern with sponsoring companies for a minimum of 120 hours and must secure their internship assignment and submit all required paperwork by Mar. 27.

Prerequisite(s): Restricted to students enrolled in the Accounting, Internal Audit, or Taxation Certificates and who have completed a minimum of five courses in those areas. International students must contact the International Student Office at (310) 825-9351 to confirm eligibility.

Reg# 392359

Fee: $855

No refund after 19 June.

Independent Study/Internship0 June 26-Sept. 10

Enrollment limited. 7

Andreea Alexiu,

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May be transferable to other colleges and universities. Learn more on our website

MGMT X 423.422

Ethics in Accounting

4.0 units

The business scandals of recent years have highlighted the importance of ethical behavior in the accounting profession. This course covers the elements necessary to make proper ethical decisions by first defining what ethics are and then identifying the questions that need to be asked in everyday business practices. Key ethical standards specific to the accounting profession are explored, highlighting the unique role of the accountant both as “trusted advisor” to his/her client and the (often conflicting) role of “reporter” of financial information to the marketplace and governmental agencies. The course begins with a study of the earliest models of business ethics through today’s professional requirements of the AICPA Code of Professional Conduct, the State Board of Accountancy, and other regulatory agencies. Instruction includes writing assignments, classroom lectures, and presentations based on assigned readings. Students leave this course with a better overall understanding of the challenges of ethical business practices.

Prerequisite(s): MGMT X 1A and MGMT X 1B Principles of Financial Accounting and MGMT X 127 Federal Income Taxation, or consent of instructor.

Reg# 392670

Fee: $855

No refund after 19 June.

M Online

June 26-Sept. 10

34 hours of MCLE credit available. 7 & David Reinus, MBA, CPA, owner, David Reinus, CPA

Reg# 392671

Fee: $855

No refund after 20 June.

X In-Person

12 mtgs

Tuesday, 6:30-8:30pm, June 27-Sept. 12

UCLA: School of Public Affairs Bldg. & 7

Roderick Fong, CPA, MBA, JD

Bookkeeping

MGMT X 423.430

Bookkeeping and Accounting Essentials I

4.0 units

This introductory course is the first course in the Bookkeeping Essentials sequence and provides an overview of the essential skills needed to be a successful bookkeeper. The course is ideal for bookkeepers and accountants who are early in their career or individuals considering a career transition. Students learn the principles of double-entry bookkeeping, the basics of preparing financial statements, and how to analyze business transactions from an accounting standpoint. Topics include recording entries in a general ledger, preparing end-of-period worksheets and financial statements, and adjusting and closing entries accounting. Additional topics include accounting for cash; preparing a bank reconciliation; a general overview of payroll accounting; employee earnings and deductions; employer taxes and reporting; using the payroll register and journal entries; accounting for sales, cash receipts, purchases, and cash payments; and accounting for merchandise inventory using weighted average, FIFO, and LIFO methods.

Reg# 392347

Fee: $815

No refund after 19 June.

M Online June 26-Sept. 10

Enrollment limited. 7 & Jean Rhee MBA, CPA

MGMT X 423.431 Bookkeeping and Accounting Essentials II

4.0 units

This is the second course of the two-course Bookkeeping and Accounting Essentials sequence. This course covers accounting for promissory notes payable and receivable and the related interest calculations; the valuation of accounts receivable using various methods to account for uncollectible accounts; and the valuation of property, plant, and equipment including various depreciation methods and calculations. Additional subjects covered are the fundamentals of partnership accounting; corporation accounting including organization, capital stock, earnings, distributions, and the issuance of corporate bonds; the understanding and preparation of a statement of cash flows; and a basic understanding of financial statement analysis. The course also provides an overview of the design and use of Excel spreadsheets that can be tailored to keep track of primary bookkeeping tasks.

Prerequisite(s): MGMT X 423.431 Bookkeeping and Accounting

Essentials II.

Reg# 392346

Fee: $815

No refund after 21 June.

A Remote 11 mtgs

Wednesday, 6:30-9:30pm, June 28-Sept. 6

Remote Classroom 7 & Shael B. Jacobson, CPA

MGMT X 423.433

Cloud Based QuickBooks

4.0 units

This course teaches participants how to use QuickBooks Online, the cloud-based version of QuickBooks. Ideal for business owners, office managers, and bookkeepers, participants use a sample company to get hands-on experience with navigating through the program. This course covers how to set up a business in QuickBooks Online, including how to create the chart of accounts, vendors, customers, and products and services. Management of basic transactions such as invoicing customers, writing checks, and paying bills is also covered. Participants also discuss how to reconcile bank and credit card transactions and what key financial statements are needed to review to understand the health of your business. In this course, we cover many of the objectives covered on the QuickBooks Certified User (QBCU) exam. To complete the homework assignments, the instructor provides each student with access to a free QuickBooks Online account, good for one year. Please contact the instructor directly for a discount code before ordering the textbook.

Reg# 392348

Fee: $815

No refund after 19 June.

M Online

June 26-Sept. 10 7 & Crystalynn Shelton, BA, CPA, author, QuickBooks Certified ProAdvisor Advanced Online

Taxation

For more information email toliveirademoura@uclaextension.edu

Students who plan to become tax professionals in industry or professional tax preparers are advised to enroll in the Taxation Certificate. Students are advised to complete MGMT X 1A and MGMT X 1B Principles of Accounting (or equivalent courses) before enrolling in the certificate, since these are prerequisites for many courses in the curriculum.

Enrolled Agent

MGMT 822.12

Fundamentals of Tax Preparation

2.0 CEUs

This introductory course provides a foundation for the Enrolled Agent (EA) Exam Review and is ideal for those considering a career as a tax preparer. Students are provided the basics for preparing tax returns and how to research tax issues for most Form 1040 individual, nonbusiness taxpayers, plus the basics of Schedule C/self-employed tax returns. The processes for filing a return, including electronic filing, refund and payment options, estimated tax payments, and amended returns are covered. Students also learn how tax software is implemented for preparing returns and assisting in understanding the application of tax law. The final session provides an overview of the practices, procedures, and ethics required for Enrolled Agents (EA); the process for attaining EA certification; and potential career paths.

Reg# 392364

Fee: $325

No refund after TBD

X In-Person

Date and Time to be arranged

Instructor to be announced

MGMT 822.22B

Enrolled Agent Examination Preparation: Businesses

4.8 CEUs

This section covers accounting methods, basis, and depreciation; limited versus general partnerships; sole proprietorships; business expenses; K-1 reporting; C Corporations; S Corporations; decedent, estate, and trust income taxation; and exempt organizations.

Reg# 392360

Fee: $525

No refund after 29 July.

A Remote 1 mtg

Saturday, 8:30am-3:45pm, Aug. 5

Remote Classroom

Flora Basa, BS, CPA, revenue agent, Internal Revenue Service (retired) Charlotte Edginton, MA, appeals officer, Internal Revenue Service (retired)

MGMT 822.22D

Enrolled Agent Examination Preparation: Representation, Practice, and Procedures

1.2 CEUs

This section covers practice before the IRS, income tax preparers and penalties, representation, collection procedures, examination of returns, and the appeals process.

Reg# 392362

Fee: $275

No refund after 23 Aug.

A Remote 4 mtgs

Wednesday, 6-10pm, Aug. 30 & Sept. 6

Remote Classroom

Thursday, 6-10pm, Aug. 31 & Sept. 7

Remote Classroom m ONLINE, page 1. m HYBRID (IN-PERSON), page 1.

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Charlotte Edginton, MA, appeals officer, Internal Revenue Service (retired)

Flora Basa, BS, CPA, revenue agent, Internal Revenue Service (retired)