Business Administration - Accounting
Overview
This program provides you with a deeper understanding of advanced accounting concepts, as well as the opportunity to gain practical experience through co-op placements, preparing you for a variety of roles in public practice, industry, or government.
Looking for a program that leads to a rewarding career in accounting, that challenges students to develop valuable critical thinking and analytical skills, and has an option for a simple pathway to a university degree – then the three-year Business Administration – Accounting program is definitely the right fit for you! This program can lead to various pathways to professional accounting credentials that can be beneficial to career development and advancement. Graduates of this program pursue careers as managerial accountants, financial analysts, tax professional, auditors and small business controllers.
Students in this program receive a well-rounded and thorough education in important aspects of business such as human resources, law and marketing in addition to the comprehensive accounting courses taught by Lambton's accounting faculty who bring a wealth of industry experience and all hold the Chartered Professional Accountants designation. There is a focus on developing strong communication, planning, teamwork, and analytical skills while studying accounting theory and practice, financial statement analysis, cost management and control, taxation, and computerized accounting systems.
Admission Requirements
O.S.S.D. or equivalent with:
- Grade 12 English C or U
- Grade 11 or 12 Mathematics C or U
Mature Student Assessment for this program is available in the subjects of English and Mathematics for the purpose of demonstrating proficiency in these required admission subjects. For all other admission requirements, applicants must complete the required course(s) as listed above. For more information, please contact counselling@lambtoncollege.ca. Review the Mature Student Admission process.
Academic admission requirements can be obtained through Academic Upgrading and the Pre-Programs at Lambton College.
Accreditation Council for Business Schools & Programs (ACBSP)
This program has achieved ACBSP Candidacy status which means that this program aligns with global business standards and prepares you for success in your career.
ACBSP Candidacy signifies our commitment to high quality, industry relevant education, ensuring you gain not just knowledge but a competitive edge in the business world.
Develop your Business Skills
Students in this program can develop their business skills by participating in our world champion social entrepreneurship team - Enactus Lambton.
Costs
- Year 1 $4,600.94
- Year 2 $4,518.94
- Year 3 $4,245.82
Please Note: These fees apply to the 2023-2024 academic year and are subject to change. Fees do not include books (unless specifically noted), supplies or living costs.
Technology Requirements
In order to keep pace with the requirements of each and every course in your program, Lambton College requires that each student have access to a laptop while studying at our college.
Courses
Accounting Theory & Practice I
This course is an introduction to the theory of accounting and the standard methods of record-keeping. Accounting principles and concepts are emphasized in the preparation of financial statements for both service and merchandising organizations. Topics covered, take the student through the entire accounting cycle and include preparing and posting journal entries for business transactions, adjusting and closing entries, inventory costing and valuation, merchandising transactions, payroll, and bank reconciliations. This course is designed to provide the accounting skills required in business and for those students who intend to pursue a professional accounting designation.
Workplace Communication Applications & Analysis
In today's management and administration workplace, having strong computer skills is essential. This course provides students with resources and guidance to develop skills in Microsoft Office applications, focusing on three key areas: Word, Excel, and PowerPoint. While learning about these programs, students develop skills in time management, accountability, and their ability to follow direction.
Critical Thinking & Writing
In this writing course, students respond to current issues and news articles via various styles of paragraphs and essays. Students practice thinking critically and organize and hone their writing to ensure clarity and correctness in their messages. Students explore different perspectives, and through synthesis, analysis, and response, strive for clarity of message and diplomatic expression of opinion based on fact. One of the pillars of Lambton College is a commitment to sustainability and equity, diversity, and inclusion, including Indigenization of the curriculum; where appropriate, readings in this course will reflect this commitment. Critical Thinking and Writing lays the foundation for a subsequent research-writing course.
Microeconomics
This course provides an understanding of how society chooses what goods and services to produce through an examination of the laws of supply and demand as well as how and for whom they are produced by examining the behaviour of firms, market structures and the distribution of income.
Business Mathematics I
This is a course in the mathematical concepts needed for success in the modern business world. We will study percentages, ratios and proportions, exponents; algebraic manipulation and solution of equations and equation systems; plotting, graphing and reading descriptive charts; deriving and presenting descriptive statistics.
Human Resources Management
Effective Human Resources Management (HRM) is critical to the success of organizations today. This course will provide an overview of the key concepts of HR management and will include some history and theory of the HR function and important terminology. It will introduce students to the core competencies of effective HR practitioners and allow for self-assessment against these competencies. We will be discussing core HR practice areas such as Strategic Planning, HR Planning, HR Administration, Talent Management, Training Learning and Development, Performance Assessment, Total Rewards (including Compensation and Benefits) Employee and Labour Relations and Health and Safety in the workplace. In addition, the course looks at the legal environment for effective HR management, and the role of HRM in mergers and acquisitions and organizational change management.
Accounting Theory & Practice II
This course is a continuation of ACC-1004, and it introduces additional and more advanced concepts. Topics covered include accounting for property, plant and equipment, and intangible assets as well as short- and long-term liabilities and the different forms of equity. Students will also learn how to report cash flows. This course is designed to provide accounting skills required in Business Administration and for those students who intend to proceed towards a professional accounting designation.
Entrepreneurial Mindset
This course introduces students, through a Canadian lens, to the development of an entrepreneurial mindset. The ability to think like an entrepreneur and act like an innovator are critical skills for success across industries and are proven tools to help distinguish individuals in the workplace. Whether applied in a start-up company, or as an employee within an existing organization (intrapreneurship), learners develop knowledge on how to navigate barriers to creating, developing, and sustaining innovative new initiatives. Topics related to the development of resilience, focus, productivity, creativity, and success are introduced to support learners in building their own entrepreneurial capacity.
Communications for Business
This course provides students with the skills required for professional, written, and oral communications essential to business success and subsequent courses. Students will develop database and internet research skills; prepare professional written business communication; and create, practice and deliver professional oral presentations. Students will research and document borrowed information in a business report and will demonstrate critical reading and thinking skills.
Macroeconomics
This course provides an understanding of the role of economics in business decision-making through the study of the methodology of economics, the components of the Canadian economy, cycles in the economy, macroeconomic goals, the measuring of economic performance, and government intervention in the economy as government attempts to manage the economy.
Business Mathematics II
This course applies mathematical principles to problems of finance and probability. We will study simple and compound interest, annuities, bonds, project evaluation, laws of probability, and probability distributions.
Business Law
In this course, students are prepared for a business environment increasingly affected by laws. They learn how laws must be understood and applied by management in the conduct of business. They also learn how to analyze a business situation from a general legal perspective. Emphasis is placed on methods of dispute resolution, contracts, torts, employment law, methods of carrying on business, sale of goods, and marketing law.
Intermediate Accounting I
This course covers more intermediate accounting topics by building on concepts from previous courses. Students are introduced to the differences between accounting and taxation.
Management Accounting I
This course provides a broad coverage of the basic manufacturing cost elements (materials, labour and overhead) and their relationship to job costing, activity-based costing, and cost-volume-profit analysis. Cost behaviour analysis, cost estimation techniques and budgeting are also covered.
Marketing Fundamentals
This introductory marketing course provides students with a comprehensive overview of the principles, concepts, and practices of marketing. Marketing plays a critical role in today's business landscape, helping organizations effectively connect with their target audiences, create value, and drive business success. This course explores the fundamental theories and techniques of marketing while also emphasizing the role of sustainability in creating long-term value for businesses, society, and the environment. Students are introduced to various marketing components, including consumer and business buying behaviour, customer segmentation, marketing research, product development, pricing, distribution, and integrated marketing communications.
Job Search & Success
This course provides student with skills and knowledge to help support their career search and succeed in the workplace. Students align their personal skill set and goals to guide them on their career paths. They will learn how to effectively conduct a job search, build a professional and well-tailored resume and cover letter, and develop and practice interview techniques. Students will also develop their personal brand to help support effective career networking and aid in their job search. Teamwork and collaboration in the workplace are also discussed. Self-reflection is used to inspire insight and support their professional career journey.
Business Statistics
This course is designed to provide students with an understanding of statistics. It includes regression analysis, probabilities and distributions, sampling, statistical estimation, and hypotheses testing.
Organizational Behaviour
This subject is an examination of the contemporary Canadian business environment including the organization, leadership and management decision process which influences the behaviour of individuals and groups. Increased global competition, technological change and the rising expectations of both employees and employers have underlined the need for improved and more effective leadership. This subject provides a better understanding of this process.
Intermedicate Accounting II
This intermediate accounting course is a continuation of ACC-3804, focusing on financial reporting and accounting concepts. It completes work on the asset side of the balance sheet and then looks at the liability and equity side. The Statement of Cash Flows is also prepared. Topics surveyed include property, plant and equipment, intangible assets, current liabilities, long-term financial liabilities, and shareholders' equity. After completing this intermediate accounting course, students will be able to apply this knowledge to identify, measure and communicate financial information.
Management Accounting II
This course builds on the fundamental concepts and applications of management accounting introduced in ACC-3204. Topics include budgeting for control and performance evaluation, process costing, pricing and reporting concepts, as well as variable and absorption inventory costing approaches. Use of relevant cost information for managerial decision-making is also covered.
Operations Management
Operations and supply chain management have evolved into one of today's most important business disciplines. In the dynamic world of manufacturing and service delivery, designing systems more effectively and efficiently is a key source of competitive advantage. This course introduces business students to foundational concepts and practical methods used in the design and operations of manufacturing and service firms. Students explore strategic decisions related to how firms compete including operations strategy, supply chain design, process and facility design, and capacity planning. Students also learn tactical and day-to-day strategies for inventory management, forecasting, resource scheduling, quality control, project management, and lean operating systems.
Taxation I
This course introduces the student to the principles governing the Canadian income tax system as it relates to the individual taxpayer. Topics covered in this course include the following: who is taxable, income and deductions from employment, business and property income, capital gains and losses, personal tax credits and the calculation of taxes payable.
Computerized Accounting Systems I
This course utilizes the Sage 50 Accounting for Windows computer-based accounting software to illustrate the practical uses of computers in a financial accounting setting. Students create files, set up historical data, record entries in journals and ledgers and prepare reports. This course is designed to provide students with an opportunity to apply the practical and theoretical accounting concepts learned in previous and concurrent accounting courses to a computerized accounting system.
Co-op Work Term (optional)
Co-operative education provides students with the opportunity to apply classroom learning to the workplace, undertake career sampling and gain valuable work experience that may assist students in leveraging employment after graduation. For further information regarding co-op, please refer to: https://www.lambtoncollege.ca/co-ops-placements
Entrepreneurship I
As the first of a two-part capstone, students use an entrepreneurial and project management approach to assess the viability and sustainability of a business idea. Students explore the United Nations 17 Sustainable Development Goals (SDGs) examining the role of businesses in addressing global challenges such as poverty, climate change, and inequality, by conducting a thorough research analysis and delivering a feasibility study for a new entrepreneurial venture. Students engage in team building, meeting strategies, and project planning activities that emphasize the importance of equity, diversity, and inclusion in fostering an inclusive learning environment. Students develop creativity, critical thinking, and problem-solving skills within the context of business entrepreneurship. These activities enhance leadership and communication abilities, essential for success in the business world.
Taxation II
This course introduces the student to the principles governing the Canadian income tax system as it relates to the corporate taxpayer. Topics covered in this course include the following: calculation of net income, taxable income and taxes payable for corporations earning income from business, property and capital gains and losses. Issues relating to corporation-shareholder relationships, transactions, and basic tax planning is also covered.
Intermediate Accounting III
This intermediate accounting course is a continuation of ACC-4804, focusing on financial reporting and accounting concepts. Topics surveyed include complex financial instruments, earnings per share, income taxes, pensions, leases and accounting changes and errors. After completing this intermediate accounting course, students will be able to apply this knowledge to identify, measure and communicate financial information.
Financial Management I
This course provides an overview of financial management and covers financial statement analysis, forecasting, operating and financial leverage, working capital management, and sources of short-term financing. It provides a brief review of time value of money concepts as a stepping stone for capital budgeting decisions to be reviewed in Business Finance II. Some long-term financing valuation concepts are also addressed.
General Education Elective (Select 2)
Entrepreneurship II
As the second of a two-part capstone, students undertake two major projects that further strengthen their creativity, critical thinking, and problem-solving skills within the realm of business entrepreneurship, while emphasizing the importance of equity, diversity, and inclusion in fostering an inclusive learning environment. In the first project, students create the operations and human resources strategies for their chosen business idea, doing so while considering the United Nations 17 Sustainable Development Goals (SDGs). For the second project, students create a financial strategy for their entrepreneurial venture. Students quantify the social, economic, and environmental impact of their new venture and audit the business' impact regarding the 17 SDGs. Through these two projects, students have constructed a portfolio that highlights their comprehensive business knowledge, exceptional skills, and outstanding talents.
Management Information Systems
This course introduces the use of computer-based information systems in management and accounting. In addition, the course analyzes and evaluates an organization's computer-based internal control system taking risk management into account. Topics surveyed include change in the organization, computer application software, big data, cloud computing, electronic and mobile commerce applications, enterprise systems, systems development processes, and implementing secure, private, reliable computing. After completing this course, students will be able to apply this knowledge to make informed decisions about the selection of, uses for, and risks of information technology.
Ethical Leadership & Critical Decision Making
This interdisciplinary course combines insights from the field of business with social psychology and applied ethics to challenge students with an introspective look at some of today's most important ethical dilemmas. Students in PHL-1253 learn that the ethical standards employed by businesses and corporations ultimately concern the quality of human behaviours in those organizations. Human behaviour evolves from many influences: our past relationships, the ways we think and feel, how we respond to pressures in various social contexts, and how we deliberate in our daily thoughts and actions. Each of these influences is intimately involved with the quality of our ethical decision making.
Financial Management II
This course builds upon the theories and principles of managerial finance learned in Financial Management I. It introduces the student to the theories and principles of long-term financing decisions and capital budgeting decisions. The purpose of this course is to complete the introduction to the theory and principles of managerial finance.
General Education Elective (Select 1)
Contact
Program Information
1-844-LAMBTON
Business, English & Liberal Studies
After Graduation
Employment Opportunities
Our graduates have the skills to begin careers in accounting from entry to middle-level management. Accountants are needed in all business sectors – public and private. These could include government and agencies, public accounting firms, small and large manufacturers, retailers, service providers, banks and financial institutions, tax preparation firms and financial planners. You may begin your career working in accounts payable, accounts receivable, payroll, corporate accounting, general accounting, credit and collections, inventory control, budget analysis, financial accounting, management accounting, or financial and tax analysis. Some graduates have opted to participate in entrepreneurial opportunities.
Accreditations & Certifications
Chartered Professional Accountant Designation
To pursue the Chartered Professional Accountant (CPA) designation, students graduating from this program may complete the CPA entry requirement of an undergraduate degree by accessing a number of university pathways.
If you are interested in pursuing a professional accounting credential, please visit the CPA Ontario website.
Pathways
Transfer to Programs within Ontario
We’ve worked with Ontario colleges to provide the following transfer opportunities:
- Bachelor of Commerce - Three-Year - can be complete at Lambton College
- Bachelor of Commerce - Four-Year - can be complete at Lambton College
- Honours Bachelor of Interdisciplinary Studies
- Honours Bachelor of Commerce - Human Resources Management
- Honours Bachelor of Commerce - International Accounting & Finance
Want to see more Ontario transfers? Visit ONTransfer.ca.
Transfer to Programs outside of Ontario
- Bachelor of Business Studies (Honours) in Accounting
- Bachelor of Business Administration (BBA) - International Business
- Upon completion of the BBA, students can also access pathways into the JAMK MBA program
- Bachelor of Arts in Business & Sustainability - minimum B average in Lambton College program
Co-op
About Co-op
Students in this program have the opportunity to gain valuable work experience by applying classroom learning during co-op experiences.
Learn more about co-op terms and the roles and responsibilities of students and co-op advisors.
Experiential Learning
Taking a college business program with a co-op can provide significant value to students as it allows them to gain practical work experience, apply their academic knowledge in real-world scenarios, and make professional connections.
Co-op programs provide students with the opportunity to work in a professional setting, develop their skills, and gain exposure to the industry while earning academic credits. This valuable experience can help graduates stand out in the competitive job market, improve their employability, and prepare them for a successful career in the business world.
Program Capabilities
Program Capabilities outline what skills students should possess as they progress through each term/year of their program.
Students and employers will find this information most useful and can reference either the list of skills or the full program capabilities document to ensure students are gaining the experience they need to fulfill the program requirements.
More Information
Technology Requirements
It is recommended that students purchase a laptop with a Windows operating system.
Internet Speed Requirements
For best performance for students learning remotely, an internet connection with a minimum of 40 Mbps download and 10 Mbps upload speed is recommended in order to effectively use video conferencing and remote lecture delivery software as well as, other online resources remotely. Due to the large area over which students may be dispersed, we are unable to recommend a specific provider, so you will need to inquire around your area to find one that best suits your needs.
Minimum Laptop Requirements
In order to access the internet and virtually-delivered software and courseware, student laptops should include the following at a minimum. By meeting the following specifications, students will be equipped to access software and courseware on their laptop through the internet:
- Intel i5 8th Gen Processor or equivalent
- 16 GB of RAM (with a minimum of 8 GB)
- 100 GB HDD or more
- HD Graphics
- Webcam with a microphone
- Wireless 802.11n/ac 5ghz capable
- Windows Operating System (Windows 11)
Software
To ensure students are getting the most our of their classroom experience, some software will be required.
Lambton College has made this software easily accessible online. Students can leverage our Microsoft Office 365 software packages and services. In addition, much of the software you require for your courses will be available on demand for use on any device - on or off campus.