Business - Accounting

Full-Time

Course List

Term 1

ACC-1004: Accounting Theory and 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 companies. Topics include the accounting and control procedures over cash, receivables, inventory and payroll. 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.

BUS-1234: Computer Applications for Business

Strong computer skills are essential to finding employment in management and administration. This course provides students with resources and guidance to develop skills in Microsoft Office 2016 applications. While learning about Microsoft Office 2016 with a particular focus on word and document processing, presentation tools and extra time on spreadsheet management, students will also develop skills in time management, self-discipline, and attention to detail. Students will also have an opportunity to improve their ability to read and follow written instructions. Computer Applications for Business is a course delivered using both practical hands-on applications in the computer lab and comprises additional online skills assessment and training tools designed to provide flexibility in learning. This course prepares students for further opportunities to apply their spreadsheet skills and expand upon these skills as they continue in their areas of study.

ENG-1244: Business English Skills I

This course emphasizes the writing of effective business communications, including letters, memoranda, email, and short reports. Other tasks include applying proofreading and editing skills. These skills will prepare the student for the work environment, which requires practical business writing to be clear, correct, and concise. Students are introduced to the research process and develop critical thinking skills.

ECO-1123: 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.

MTH-1223: 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.

GED-XXX3: General Education Elective

Term 2

ACC-2004: Accounting Theory and 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 and analyse cash flows and how to analyse financial statements. 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.

ACC-3403: Computerized Accounting Systems

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.

ENG-2243: Business English Skills II

This communications course emphasizes the research process through documentation, quoting, paraphrasing and summarizing as well as the writing of effective business communications including email, letter and memoranda that utilize specific writing approaches. Other tasks include development of writing skills and style, running business style meetings, taking minutes, exploring written communications via social media and mobile technologies, and creating a business style formal research report.

ECO-1113: 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.

MTH-2223: 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.

LAW-1003: 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, creditors' rights, sale of goods and marketing law.

Term 3

ACC-3804: Intermediate Accounting I

This intermediate accounting course focuses on financial reporting and accounting concepts as well as the asset side of the balance sheet. Topics surveyed include the conceptual framework underlying financial reporting, reporting financial performance, reporting financial position and revenue recognition. Topics explored on assets includes cash and receivables, inventory, investments, intangible assets as well as property, plant and equipment. After completing this intermediate accounting course, students will be able to apply this knowledge to identify, measure and communicate financial information.

ACC-3204: 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.

FIN-1203: Financial Management I

This is an introductory course in managerial finance. Topics surveyed include the goals of financial management, a review of financial statements and financial statement analysis, financial markets, the time value of money, risk and return and the valuation of financial securities. This course also covers financial planning and forecasting for business entities. The purpose of the course is to introduce the student to the theory and principles of managerial finance.

GED-XXX3: General Education Elective

STA-1103: Business Statistics

This course provides an overview of the techniques of statistical inference. We will review descriptive statistics and probability distributions. Then we will study estimation, hypothesis testing, correlation and regression. The focus of this course is on problem solving.

MAN-1163: 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.

Term 4

ACC-4804: Intermediate Accounting II

This intermediate accounting course is a continuation of ACC-3804, focusing on financial reporting and accounting concepts as well as the liability and equity side of the balance sheet. Topics surveyed include the accounting and reporting of complex financial instruments, income taxes, and the Statement of Cash Flows. Coverage of liabilities and equity includes pensions and leases. After completing this intermediate accounting course, students will be able to apply this knowledge to identify, measure and communicate financial information.

ACC-4204: Management Accounting II

This course builds on the fundamental concepts and applications of management accounting introduced in ACC-3024. 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.

FIN-2203: Financial Management II

This course begins by reviewing theories and principles of managerial finance learned in Financial Management I. It then 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.

FIN-1114: 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. Use of software for tax return preparation is also covered for employees and self-employed individuals.

GED-XXX3: General Education Elective

JSS-1001: Job Search and Success

This course is designed to give the student an understanding of how to conduct a job search and how to succeed in the work place. This includes self-reflection, effectively designing a cover letter and resume, online job searches utilizing social media, behavioural based interviewing as well as marketing oneself effectively in a job interview. Job safety, successful work strategies and harassment and discrimination plan of action is also discussed.

Program Maps

Current students can view program maps from previous years on the mylambton website. 

You will need to login with your C# and password in order to access your program map.


Business & International Education
519-542-7751 ext 2433

-or-

Program Information
519-541-2403
info@lambtoncollege.ca


Back to Top