Concentration: Accounting

Overview

Accounting

Did you know that Accounting is referred to as the “language of business”?  Every company in every industry uses Accounting information to make decisions, even in times of economic downturn. 

By studying Accounting, you will learn to prepare and interpret the financial data needed by management to run a business.  You will be exposed to the operations of every department within an organization.  Whether you want to work for a corporation, go into public accounting, work for the government or start your own business, Accounting will give you the tools necessary to be successful. 

Career opportunities

Careers in Financial Accounting, Tax, Managerial Accounting, Audit and more!

  • Start your career in bookkeeping, Accounts Receivable, Accountants Payable or Payroll.
  • Continue your education and earn the designation of Certified Public Accountant or Certified Management Accountant.
  • Choose to work in any industry as all companies need accounting or choose to work in public accounting and get exposed to many different industries.
  • Start your own business in tax preparation or bookkeeping.
     

Degrees & Certificates

Explore the degrees and certificates offered by Accounting Program.

REQUIRED COURSES – AA & Certificates
 

Associate in Arts Degree (AA), Business: Accounting

Plan Code: 1100 – The Associate Degree in Business consists of the prescribed GE requirements, as well as the following 5 concentrations: accounting, general business, international business, management and marketing. Students earning this Associate Degree may be prepared to 1) transfer to a baccalaureate-degree granting institution in the field of their concentration and/ or 2) enter into the workforce at an entry-level position relating to their field of emphasis.

Certificate of Achievement, Business: Accounting

Plan Code: 3100 – The Certificate of Achievement in Accounting will prepare a student for advancement into a baccalaureate-degree granting institution and/or for an entry-level position in the accounting function of a small/medium-sized business.

Certificate of Accomplishment, Business: Foundations of Accounting 

Plan Code: 4200 – The Certificate of Accomplishment may prepare a student to continue toward the attainment of an Associate Degree and/or for an entry-level position in the accounting function of a small/medium-sized business.

Certificate of Accomplishment, Business: Money & Banking

Plan Code: 4144 – The Certificate of Accomplishment will prepare a student to continue toward the attainment of an Associate Degree and/or for an entry-level position in a small/medium-sized business in a financial or banking industry, and in functions such as accounting and budget planning.

Certificate of Accomplishment, Business: Business Economics

Plan Code: 4145 – The Certificate of Accomplishment will prepare a student to continue toward the attainment of an Associate Degree and/or for an entry-level position in a small/medium-sized business, in functions such as accounting, finance or budget planning. Additionally, this may prepare the student for a variety of starting positions in government planning.

Course offerings

View courses offered in different semesters to assist in academic plannings.

Course Name   Fall   Winter Spring Summer

ACCTG 1A
Principles of Accounting

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ACCTG 1B
Principles of Accounting II

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ACCTG 200A
Introduction to Accounting

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ACCTG 205
Fundamentals of Tax

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ACCTG 228
Computerized G/L Account Systems

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ACCTG 229
Spreadsheet Accounting

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ACCTG 230
QuickBooks Accounting

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ECON 1
Macro Economic Analysis

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ECON 2
Micro Economic Analysis

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GBUS 5
Introduction to Business

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LAW 18A
Business Law
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LAW 18B
Business Law
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    Course Descriptions

    IN OUR OWN WORDS – Course reflection written by LBCC faculties to provide students insight about our Business classes.


    ACCTG 1A – PRINCIPLES OF ACCOUNTING I

    This is a fast-paced, directly transferrable course that will introduce you to financial accounting.  During the first five weeks, you will learn the bookkeeping skills necessary to record basic business transactions and prepare three of the four financial statements (balance sheet, statement of income, statement of retained earnings) that are required for companies reporting under generally accepted accounting principles (GAAP).  In the following weeks, we study accounts in detail and understand more complex transactions and journal entries.  Throughout the course, we gain a better knowledge of financial statements.  The last chapter of the course covers the statement of cash flows, which is often considered to be one of the most important of the financial statements.

    The course objectives are as follows:

    1. For students to understand the course material presented in the textbook.
    2. To prepare students for upper-division courses in financial accounting.
    3. To challenge students to use basic principles to solve complex transactions.
    4. To relate the textbook and new student knowledge to current business practices.

    Some students who become interested in the material will find themselves considering a major and career in accounting.

    ACCTG 1B - PRINCIPLES OF ACCOUNTING II

    Financial Accounting (ACCTG1A) taught us the mechanics of accounting, such as how to analyze transactions and enter the information into the accounting system, using debits, credits and journal entries.  We also learned how to prepare and understand financial statements.

    In Managerial Accounting (ACCTG1B) we will become managers of a manufacturing company, responsible for making key financial decisions such as:

    • How does the company determine a product’s cost?
    • What products should the company sell? 
    • What price should the company set for the product? 
    • What financial measures should be used to evaluate different divisions? 
    • Should the company discontinue an under-performing product? 
    • Should we consider more than financial results when making these decisions? 

    We will also evaluate financial statement information to gain a better understanding of the company’s financial performance and learn methods to improve results, while also learning how to prepare budgets and use the budgeted information to create production standards.  Our next step will be to learn how to compare the standards to actual results and create a difference called a variance (very common).  We will then use our understanding of the variance details to make recommendations that will influence the operations and direction of the company.

    ACCTG 200A – INTRODUCTION TO ACCOUNTING

    Introductory Accounting is the class to take if you want to increase your chances of being successful in ACCTG 1A or want to understand the principles of financial accounting without the added difficulty of debits & credits or journals & ledgers. The course is designed for the General Business major. Whether you are the business owner or a manager in a business, your ability to interpret financial information is critical to success.

    The course covers most of the topics found in ACCTG 1A but in an increase/decrease format that a businessperson can understand more easily. Though the depth of coverage of some topics is a little deeper in ACCTG 1A, the level and pace is perfect for the General Business major.

    If you are considering getting an Associate Degree or Certificate in Business Administration, ACCTG 200A is a core requirement.  

    ACCTG 205 – FUNDAMENTALS OF TAX

    This course teaches students the required skills to understand and prepare personal Federal income tax returns using the Federal tax Form 1040 and the related Federal schedules.  You will also learn how to prepare the California tax Form 540 as California tax rules conform to Federal tax laws in most cases.  The course gives students step-by-step knowledge by covering the Federal Form 1040 line by line and the required information and documentation necessary to complete the return.

    Students who complete ACCTG205 along with the other required accounting courses detailed in the Certificate of Accomplishment will have the knowledge to work in accounting under the supervision of a general accountant, a tax preparer or certified public accountant. 

    ACCTG 228 – COMPUTERIZED GEN LEDGER ACCOUNT SYSTEMS

    General Ledger Accounting was designed to increase the marketability and success of an accounting major. It does this by refreshing their financial accounting knowledge and providing them with hands-on training using accounting software with a controls environment similar to large-company systems. By having hands-on training with this one accounting software package, it will give the student insight into all accounting software that can be adapted to whatever system they may encounter in an employment situation.

    The more different accounting software an accountant has used, the better able they are to adapt to any accounting software package they may encounter. Some universities require this course in addition to ACCTG 1A to receive equivalency with their Financial Accounting course (see CSU Fullerton). 

    ACCTG 229 – SPREADSHEET ACCOUNTING

    Spreadsheet Accounting was designed to improve the marketability and success of a student seeking to work in accounting or finance. The three objectives: 

    1. To refresh a student in their Financial Accounting.
      • Provides mini-lectures and a platform for a student to regain lost knowledge.
    2. To raise their Microsoft Excel modeling skills to a very high level.
      • The course provides a business context for using the most common functions and features of Excel used in Accounting and Finance. Modeling techniques and Best Practices are an integral part of the hands-on experience during lectures and assignments. 
    3. To expose the student to the quality level expected of them by employers.
      • Practice in quality checking assignments and building models that are both flexible and easily maintainable. 

    High-level Excel skills are going to make you more successful in any accounting or finance role. Most potential employers will expect them of you. The course will build on the basic Excel skills you received in your Microsoft Office course and give you a context to use logic functions, database functions, and features such as Pivot Tables to name a few. 

    ACCTG 230 – QUICKBOOKS ACCOUNTING

    QuickBooks Accounting was designed to increase the marketability and success of an accounting major or to provide practical training for anyone interested in using the software for business purposes. The course provides hands-on training with the most popular small business accounting software, QuickBooks.  It covers the core modules of QuickBooks. Best Practices and mini-accounting lectures accompany each lesson. It is a friendly introduction to accounting and would be a perfect class for any current or potential entrepreneur as well as an Accounting major. 

    ECON 1 – MACRO ECONOMIC ANALYSIS

    Macroeconomics explores the “big picture” in economics. We look at economy-wide phenomena like Gross Domestic Product, (“GDP”), (the value of all goods/services produced in the United States in one year).  We study unemployment, inflation, monetary and fiscal policy. We delve deeper into the meaning of these terms that are often reported on the news and used as data points to determine the current state of the economy.  We study how the government can intervene to stimulate economic growth or to slow economic growth/inflation in the economy by using fiscal policy (government spending and taxation). 

    We also look at the monetary tools of the Federal Reserve (“The Fed”).  The Fed controls the money supply, which has a direct effect on interest rates across the economy.  Finally, we study global economics examining trade between countries and the financial mechanisms that impact global trade. This course should be taken by students (and voters) of all disciplines as it provides insight into how economic data is used to formulate government policies to change economic outcomes.

    ECON 2 – MICRO ECONOMIC ANALYSIS

    In Micro Economic Analysis, we will study decision-making by individuals, firms and the government.  Microeconomics is about how we make choices under conditions of scarcity.  We explore how prices and quantities are determined in markets using the theory of supply and demand.  Next, we apply the supply and demand model to evaluate how different situations can affect markets.  For example, we look at how taxes affect prices and quantities in markets or how price controls (prices set by government) may distort outcomes in markets resulting in less efficiency.  We also analyze what happens when markets fail to produce the best possible outcome for society, such as when firms have too much market power and can influence market prices, known as a monopoly. 

    When a firm has monopoly power it controls the entire market and can set prices.  We also examine issues when costs to society are not considered in the market process that may result in externalities.  We also look at the labor market and study how wages are determined, as well as, factors that cause wages to differ in various labor markets.  Lastly, we study income inequality and how the government uses the income tax structure (tax brackets) to create more fairness in the economy.  This class is important for all students interested in understanding market decisions, market efficiency, and how economists study what is best for society. 

    GBUS 5 – INTRODUCTION TO BUSINESS

    Are you unsure about choosing a major? Are you unsure about what concentration to choose within the Business major?  Take this course first, because you will get a detailed view of all the primary functions of the business environment and how they should dovetail with each other to build business success.  Accounting? General Business? International Business? Management? Marketing?  What you learn from this course will help you to decide whether or not to choose business as a major or, if you have already chosen business as a major, what concentration you should pursue.   

    And even if you just want to learn more about the business world in order to understand what’s happening all around you, this is the best place to start.

    LAW 18A – BUSINESS LAW

    Law is of interest to all persons, not just lawyers. Those entering the world of business will find themselves subject to numerous laws and government regulations. A basic knowledge of these laws and regulations is beneficial—if not essential—to anyone contemplating a successful career in the business world of today.

    In an effort to ensure students a fundamental knowledge of the tenets of business law, this course has been segmented into five different learning units. The first unit offers students an introduction to the nature of law, the types of courts and court procedures.  The second unit explores business torts as well as product and strict liability. The third unit emphasizes the nature and classification of contracts, specifically exploring the creation, termination and remedies of contract law. The fourth unit explores the law of sales and leases and internet law. The fifth and final unit of instruction offers students an understanding of the different types of negotiable instruments, the parties, the methods of transfer, and the rights of holders and defenses to these instruments. 

    LAW 18B – BUSINESS LAW

    The primary goal of this course is to help each student develop and strengthen the use of essential critical-thinking skills while gaining a fundamental understanding of employment relations, business organizations, and government regulation. In order to reach this goal, this course has been segmented into four primary learning units of instruction. The first unit offers students an introduction to employment relations by examining agency law. The second unit explores employment issues in the areas of immigration, labor law, and employment discrimination.  The third unit examines the different types of business entities and specifically compares and contrasts the differences between sole proprietorships, partnerships, limited liability companies, and corporations. The fourth and final unit of instruction provides students with a fundamental understanding of securities law and government regulation, specifically in the areas of administrative and consumer law.

    FAQ

    Do the Department of Business Administration & Economics faculty have real-world business experience? 

    Yes, nearly every member of our faculty has a strong professional background in their concentration.  

    How long does it take to complete the program?

    Depending on the number of units you take and whether you are a full-time or part-time student, completing a certificate program can take as little as one semester and completing an associate degree program can take about two years.

    Make a 30-minute appointment with an academic counselor to receive services in educational plans, transcript evaluation, and career planning.

    How much does the program cost?

    Please visit Financial Aid for tuition cost and Federal Work Study information.

    Who are the Career & Technical Education (CTE) counselors?

    Schools/Program Counselor Location
    Career & Technical Education Alicia Andujo LAC
    Career & Technical Education Lorraine Blouin LAC
    Career & Technical Education Laura Garcia LAC
    Career & Technical Education Diana Ogimachi LAC
    Career & Technical Education Robert Olmos PCC
    Career & Technical Education Tom To PCC

    Please visit the Counseling Office for Academic Counseling, Career Exploration, Educational Planning, College Transfer, Student Resources, and many others to help you achieve your educational goals.

    What is the difference between a transfer degree (AA-T/AS-T) and a traditional AA/AS degree?

    • The traditional AA-Business degree has been designed for those who are in pursuit of an Associate degree with a stronger and more immediate career focus, such as securing a job opportunity or a job promotion.  Since most of the courses on this degree are transferable to a baccalaureate granting institution, you will still have the opportunity to complete your bachelors degree when the time is more appropriate.  This degree offers 5 distinct career paths – accounting, general business, international business, management and marketing. 
       
    • The CSU transfer degree has been developed as a fast-track degree for transfer into the CSU system.  The course requirements for the transfer degree have been developed as a collaborative effort by Community College and CSU faculty and this degree will help you to create a clear path from LBCC to a CSU campus, once you have met the stated requirements, which can be found in the Curriculum Guide section.  We offer both an AS-T in Business Administration and an AA-T in Economics. 

    What is the difference between a certificate of achievement and a certificate of accomplishment? 

    • Completion of a Certificate of Achievement can be an end in itself or can, after completing the necessary GE requirements, lead to the attainment of one of our Associate degrees.   
       
    • The Certificates of Accomplishment are lower unit certifications (usually 9-12 units) which are tied to a specific skillset and are generally used as stepping stones on the path to obtain a Certificate of Achievement and eventually to an Associate degree.  They can also be instrumental in career advancement. 

    How do I receive my degree or certificate after I finish the coursework?

    You will need to complete an application for your degree or certificate and submit that application to the LBCC Admissions & Records office. Visit Admissions & Records for more details.

    HOW TO transfer & LOOK UP COMPARABLE COURSE LISTINGS

    To help determine if courses taken at other schools are comparable to Long Beach City College courses, please visit LBCC Transfer Evaluation System (TES).

    For more transfer information, please visit LBCC Transfer Center.