Study Accounting at LBC
Use Your Skills for God’s Glory
Do you love to balance numbers and analyze data? Then a career in accounting might be right for you. As an accountant or auditor, you’ll assess the financial dealings of companies, organizations and non-profits to make sure the accrual process and audit trail are above board. In your career, you’ll initially be telling the story of how a company spends and reports its money but as you grow into a managerial accounting role, you’ll be making financial decisions for your company. Additionally, you’ll examine financial records, ensure accuracy and verify that taxes are filed and paid correctly. Personal tax accounting is another possible career path for someone who holds an accounting degree. Lancaster Bible College’s accounting degree prepares you to take the Pennsylvania licensure exam to become a Certified Public Accountant.
By earning your bachelor’s degree in accounting, you’re setting yourself up for a career as an accountant that will allow you to work in nearly any industry in the world – after all, every company needs an accountant! Study for your accounting degree get ready to start a rewarding career.
Why Study Accounting at LBC?
- Study at a college ranked #3 in the US for Career Preparation by The Wall Street Journal.
- Earn your degree from an accredited Bible college in PA.
- Learn the Generally Accepted Accounting Principles (GAAP rules and regulations).
- Prepare for Licensure as a CPA: This program will prepare you to take to the licensure exam to become a Certified Public Accountant with requisite work experience
A Closer Look: Business Administration Department
From LBC to Facebook
Malachi Vincent shares about how he went from studying at Lancaster Bible College to working at Facebook.
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Sample Course Outline
BUS 113 – Foundations of Accounting
Foundations of Accounting is used for decision making, product management and product design and pricing. This course will outline the process used to make decisions using accounting systems data. The viewpoint of this course is from the interpreter’s perspective rather than the one who prepares data. Techniques studied will include budgeting, cost accounting, decision making, planning, and process control. The use of cost as a decision-maker is emphasized.
BUS 102 – Intro to Business
This introductory course will investigate the role business plays in society and will discuss using a career in business as an area of ministry. Through an examination of the major functional areas of a business, students will be better able to determine the use of business as a career and ministry path. The biblical character of Nehemiah will be used as a case study to help students consider the necessary skills and perspective Christians need to be successful in life and the business world.
BUS 230 – Leadership
The purpose of this course is to help the students advance in their leadership journey and the incorporation of biblical principles and business practice. Through lectures, readings and outside speakers, the course is intended to illuminate the paths that others have taken and to provide a spark for the student’s own leadership development. Students will explore new ways of leading today’s younger generation.
ACC 200 – Managerial Accounting
Students will learn and utilize the tools and methods managers use in accounting decision making. They will develop knowledge about accounting as an information system in order to analyze, interpret, and communicate information that is useful for making economic decisions. Biblical examples and ideas will be woven into the course to standardize biblically-based decision making. The course includes identification and assignment of product costs, operation budgeting and planning, costs control, and information utilization in planning and controlling.
ACC 205 – Financial Accounting
Financial accounting is the branch of accounting that prepares all the financial information for the those outside the organization. This course explores at a greater level the process of recording, summarizing and reporting the vast amount of transactions that take place over time during the business accounting cycle. The Bible will be used to show examples of biblically sound recording practices. Students will tackle topics centered around a more complete understanding of the major financial statements, the components of each, and finally how they provide information to the end user.
BUS 205 – Finance
This course will examine how an organization operates financially, how money flows through an organization and how to develop successful financial business strategies. How to use financial statements to make business decisions will be presented. This course is business-oriented with a particular emphasis on practical applications and problem-solving techniques.
ACC 300 -Intermediate Accounting I
This course is the critical study and analysis of accounting principles, problems and procedures as they relate to topics accounting for current and long term assets and liabilities. This course will also explore different types of revenue and expense recognition and ideas concerning stockholder equity. Decision making skills will begin to be addressed in the course; the Bible will be used to show Biblical principles and how they are related to accounting decision processes. Writing and presentation skills needed in the practice of accounting will be applied.
ACC 301 – Intermediate Accounting II
This course takes the material learned in Intermediate Accounting I and expounds on the financial accounting aspect for varying companies and industries. The focus is on theory, ethical considerations and practical issues that will arise when practicing accounting. Unique GAAP regulations regarding balance sheets and financial statements will be learned and applied. Decision making skills will be mastered in this course; the Bible will be used to show Biblical principles and how they are related to accounting decision processes. This course is a culmination of learned accounting practices and will form the core experiences necessary before entering the working world.
ACC 315 – Taxation
Students will learn tax accounting principles and concepts for compliance and planning objectives by decision-makers in various contexts. Ethical decision making and ethical accounting practices will be addressed in this course. Emphasis will be on learning the concepts underlying the tax law, using the current tax formula and its elements, applying tax law to decision models and incorporating tax planning principles into decision-making opportunities.
ACC 400 – Information Systems
Information systems is useful for implementing business strategies. This course will give students a better understanding of the purpose and value of information systems and will further the student’s skills as a manager. Topics include information technology strategies and organization, information systems fundamentals, IS infrastructure, organizational and business strategies for information systems, and managing information technology assets.
ACC 405 – Data Analytics
In this course students will be exposed to basic concepts related to data analytics, some analysis techniques, and the practice and use of data analytics in several areas. Having a grasp of the basic data analysis terms and techniques is imperative for a student of any area of business and for new managers. This course is built to develop within the student an appreciation of how data and data analytics can be used by managers to make better decisions. While having the student gain perspective and practice by applying data analysis techniques in several settings.
ACC 415 – Auditing
The course will cover the standards, concepts, and principles related to auditing theory and practice. These principles and practices are useful for public accountants and internal auditors in examining financial statements and supporting data. It will provide an in-depth analysis of a wide range of topics such as internal control and financial reporting, audit reporting, the audit preparation, audit planning and risk assessment, and substantive procedures.
Featured Courses
ACC 200 - Managerial Accounting
Students will learn and utilize the tools and methods managers use in accounting decision making. They will develop knowledge about accounting as an information system in order to analyze, interpret, and communicate information that is useful for making economic decisions. Biblical examples and ideas will be woven into the course to standardize Biblically-based decision making. The course includes identification and assignment of product costs, operation budgeting and planning, costs control, and information utilization in planning and controlling.
ACC 415 – Auditing
The course will cover the standards, concepts, and principles related to auditing theory and practice. These principles and practices are useful for public accountants and internal auditors in examining financial statements and supporting data. It will provide an in-depth analysis of a wide range of topics such as internal control and financial reporting, audit reporting, the audit preparation, audit planning and risk assessment, and substantive procedures.
Jobs and Careers in Accounting
- Accountant
- CPA
- Accounts Payable
- Bookkeeper
- Certified Public Accountant
- Entrepreneur
- CFO