Business Administration - Accounting

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 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.

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 applications. While the focus will be spent learning and applying document processing, presentation and extra time on spreadsheet management tools, 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 practical hands-on applications and comprises additional online skills assessment and training tools purposefully designed to provide flexibility in learning. This course further prepares students to apply these professional business application skills, with enhanced emphasis on spreadsheet management as they continue and expand in their program areas of study.

COM-1013: Critical Thinking and Writing

In this writing course, students respond to current issues and news articles via various styles of paragraphs and essays. Students strive for clarity of message and diplomatic expression of opinion based on fact. Students practice thinking critically and organize and hone their writing to ensure clarity and correctness in their messages. Critical Thinking and Writing lays the foundation for a subsequent research-writing course.

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.

MAN-1103: 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.

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 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.

BUS-1603: 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.

COM-2013: 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.

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, sale of goods, and marketing law.

Academic Break

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.

MKT-1143: 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.

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.

STA-1103: 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.

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.

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 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-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.

MAN-1033: 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.

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.

ACC-3403: 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.

CPL-1049: 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-op_and_career/

BUS-5503: 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.

FIN-2113: 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.

GED-XXX3: General Education Elective

GED-XXX3: General Education Elective

ACC-5803: Intermediate Accounting III

This intermediate accounting course is a continuation of ACC-4804, focusing on financial reporting and accounting concepts. After completing this intermediate accounting course, students are able to apply their knowledge to identify, measure and communicate financial information.

FIN-1203: Financial Management I

This is an introductory course in managerial finance. Topics surveyed include the goals of financial management, financial statement analysis, the time value of money, and working capital management. This course also introduces 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.

BUS-6503: 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.

ACC-3503: 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.

PHL-1253: Ethical Leadership and 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.

GED-XXX3: General Education Elective

FIN-2203: 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.