Cerritos College
Business Division
Accounting/Finance
Department
Advisory Committee Meeting
June 13, 2008
BUSA/BUSF Advisory Committee Meeting
June 13, 2008
Agenda
 Welcome and Introductions
 About our Department and Programs
 BUSA/BUSF Certificate Programs
 Trends and Implications – Update on Industry
 New Insurance Certificate
 Results of Program Review
 Update on SLO’s; BUSA 100 progress and
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SLO’s for BUSA 101
Promotional/Marketing Efforts
VTEA priorities
Accounting Club Update
New on-line courses in progress
Votes to be taken using the Student Response
System “clickers”
Question & Answer Period
Closing
You are important
to us
 The guidance and perspective
you bring helps us with our
programs.
 You are
partners in helping us
train students to either transfer to
a 4-year institution or to prepare
them for work.
 We are thankful for your input
and cooperation.
We welcome your feedback!!!!
About Our Program:
Our Courses
 Our “core
courses” are
designed to meet
transfer needs.
 We offer a myriad
of computerized
courses.
 Our popular
Finance Courses
help students with
financial planning.
 We also offer
advanced
courses.
Our Core Courses
 BUSA 100 – Introduction to
Accounting
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Entry-level course designed to give students
the basic concepts of business transactions
and how they are recorded in the accounting
records. Students use an on-line tool to
complete homework.
 BUSA 101 – Fundamentals of Acct.
ITransfer level course in financial accounting which
explores the accounting process in depth.
Students also use an on-line homework tool to
complete homework.
 BUSA 102 – Fundamentals of Acct.
II

Transfer level course in managerial accounting
which explores the process for gathering and
analyzing financial information to make
business decisions. This course focuses on
how businesses use accounting information to
make business decisions.
Computerized Courses
Our Finance Courses
 Personal Finance (also offered on-
line)

This course uses the web and
Quicken software to explore various
topics in personal financial planning.
 Retirement Planning/Investing
 This course explores the process of
establishing a plan to accumulate
assets in tax-deferred accounts, from
determining annual savings necessary
to asset allocation concepts.
 Stockmarket and Investments
 This course explores the fundamentals
of investing in the equity markets.
Our Insurance Courses
o INS 101 - INTRODUCTION TO INSURANCE
o INS 102 - INSURANCE CODE AND ETHICS
o INS 121 - INSURANCE PRINCIPLES:
PROPERTY AND LIABILITY
o INS 122 - PERSONAL INSURANCE
o INS 123 - COMMERCIAL INSURANCE
o INS 171 - INSURANCE OCCUPATIONAL
WORK EXPERIENCE
Our courses are designed to serve
the needs of both transfer students
and students seeking job related
skills.
Certificates
Available
 Business Accounting
 Microcomputer Accounting Clerk
 Advanced Accounting
 Advanced Microcomputer
Accounting Clerk
 Payroll Administration
 Insurance
Curious about our
courses?
 You can visit some of our faculty
websites:
 http://www.cerritos.edu/dschmidt
 http://www.cerritos.edu/mfronke
 http://www.cerritos.edu/mfarina
 http://www.cerritos.edu/talenikov
 http://www.cerritos.edu/pmoloney
Trends – CPA’s
 As of 2007, 42 states and the District of
Columbia required CPA candidates to
complete 150 semester hours of college
coursework—an additional 30 hours
beyond the usual 4-year bachelor’s degree.
Several other states have adopted similar
legislation that will become effective before
2009. Colorado, Delaware, New Hampshire,
and Vermont are the only states that do not
have any immediate plans to require the 150
semester hours. In response to this trend,
many schools have altered their curricula
accordingly, with most programs offering
master’s degrees as part of the 150 hours.
Prospective accounting majors should carefully
research accounting curricula and the
requirements of any states in which they hope
to become licensed.
Trends in Industry
Accountants and auditors held about 1.3 million
jobs in 2006. They worked throughout private
industry and government, but 21 percent of
accountants worked for accounting, tax
preparation, bookkeeping, and payroll services
firms. Approximately 10 percent of accountants
or auditors was self-employed.
Many management accountants, internal
auditors, or government accountants and
auditors are not CPAs; however, a large number
are licensed CPAs. Most accountants and
auditors work in urban areas, where public
accounting firms and central or regional offices
of businesses are concentrated.
Some individuals with backgrounds in
accounting and auditing are full-time college and
university faculty; others teach part time while
working as self-employed accountants or as
accountants for private industry or government.
THREE OF THE LARGEST
EMPLOYERS IN THE NATION
LAST YEAR
(in terms of entry level positions)
 4.
Internal Revenue Service:
5,000 entry level positions
 7. Deloitte and Touche:
3,500 entry level positions
 10. Ernst & Young:
3,180 entry level positions
Earnings – Updated 2007
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POSITION SALARY RANGES Executive
Chief Financial Officer $ 150,000 -$ 250,000
+ Vice President of Finance $ 120,000 -$ 135,000
+ Director of Audit $ 110,000-$ 130,000
+ Director of Finance $ 110,000-$ 130,000
+ Treasurer $ 100,000-$ 120,000
+ Controller $ 95,000-$ 115,000
+ Management
Assistant Controller/Accounting Manager $ 80,000-$ 90,000
Cost Accounting Manager $ 80,000-$ 85,000
Tax Manager $ 80,000 - $ 90,000
Audit Manager $ 75,000 -$ 80,000
SEC Manager $ 75,000 -$ 80,000
Finance Manager $ 75,000 -$ 80,000
Payroll Manager $ 65,000 -$ 70,000
Credit/Collections Manager $ 65,000 - $ 75,000
Staff
Senior Financial Analyst $ 75,000-$ 80,000
Financial Analyst $ 65,000-$ 70,000
Credit Analyst $ 60,000-$ 65,000
Sr. Cost Acct./Analyst $ 75,000-$ 85,000
Cost Accountant/Analyst $ 65,000-$ 75,000
Revenue Accountant $ 65,000-$ 70,000
Tax Accountant $ 70,000-$ 85,000
Accounting Supervisor $ 60,000-$ 75,000
Internal Auditor $ 70,000-$ 80,000
Senior Accountant $ 60,000-$ 75,000
Staff Accountant $ 40,000-$ 45,000
Junior Accountant $ 32,000-$ 35,000
Earnings Updated 2007
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Support
Full Charge Bookkeeper $ 40,000-$ 45,000
Bookkeeper $ 38,000-$ 42,000
Senior Clerk $ 34,000-$ 40,000
Payroll Clerk $ 28,000-$ 36,000
AR/Credit & Collections Clerk $ 24,000-$ 34,000
Accounts Payable/Billing Clerk $ 24,000-$ 34,000
Accounting Clerk $ 24,000-$ 34,000
Insurance Certificate
INSURANCE-PROPERTY AND CASUALTY
CERTIFICATE OF ACHIEVEMENT
DIVISION/DEPARTMENT REQUIREMENTS:
INS
101
INS
102
INS
121
INS
122
INS
123
INS
171
BA
100
BA
113
OR BL
111
BA
156
OR BCOM 147
ACCT
101
ACCT
133
CIS
101
UNITS
INTRODUCTION TO INSURANCE
INSURANCE CODE AND ETHICS
INSURANCE PRINCIPLES: PROPERTY AND LIABILITY
PERSONAL INSURANCE
COMMERCIAL INSURANCE
INSURANCE OCCUPATIONAL WORK EXPERIENCE
FUNDAMENTALS OF BUSINESS
LEGAL ENVIRONMENT OF BUSINESS
BUSINESS LAW
MOTIVATIONAL PRESENTATION SKILLS FOR MANAGERS
BUSINESS COMMUNICATIONS
FUNDAMENTALS OF ACCOUNTING I
SPREADSHEET ACCOUNTING I
INTRODUCTION TO COMPUTER INFORMATION SYSTEMS
TOTAL CERTIFICATE REQUIREMENTS:
This is an unofficial document - Catalog for official document
Fall 2008
1.0
1.0
3.0
3.0
3.0
1.0
3.0
3.0
(3.0)
3.0
(3.0)
4.0
3.5
3.0
31.5
Results of Program Review
 The entire department fully
participated in this process.
 We were complimented on the
final product by both the Chair of
the Committee and the Dean.
 Our program review document is
available on the web as a model
for future programs.
 It was a lengthy process, but one
that brought our group together.
 We truly believe we have a solid
program.
STUDENT LEARNING
OBJECTIVES FOR BUSA 101
DRAFT FOR DISCUSSION
 Define and use accounting and
business terminology.
 Record transactions for current asset,
plant asset, current liability, and longterm liability accounts.
 Prepare a balance sheet, income
statement, and retained earnings
statement for a corporation.
 Record transactions to issue common
stock, repurchase common stock, and
declare and pay dividends.
Vote to approve S.L.O.’s
Marketing and
Promotional Efforts
 The college overall has experienced a decrease in
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enrollment.
Our night enrollment has decreased. We believe
this is primarily caused by administration’s refusal to
hire a full time accounting faculty member.
We have met with Mr. Mark Wallace, Director of
Public and Government Relations, and his staff.
We have selected specific students for college
advertisements.
Our accounting and insurance programs have been
targeted for increased marketing efforts.
The department has developed a flyer.
We expect public relations to help us develop
targeted mailing lists, and to help increase our
presence through print and radio advertising.
We would like advice from any insurance specialists
to help us promote the new insurance program.
VTEA Priorities
 Equipment Updates
 Software Updates
Vote to recommend VTEA funds
be used for equipment and
software updates, and staff
training.
Accounting Club Update
 The Accounting Club, led by Mr. Peter
Moloney, has been very busy this year.
 Here are a few of their highlights during last
year:
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3/8/07 Crystal Conley, USC
4/17/07 Berenice Manzo, UCSB
4/26/07 Mike Farina - Retirement/Investments
8/30/07 Clarence Banks, UCLA
9/27/07 Berenice Manzo, UCSB
10/4/07 Peter Moloney - accounting careers
10/25/07 Crystal Conley, USC
41 attendees
22 attendees
40 attendees
71 attendees
29 attendees
32 attendees
56 attendees
The club also recently had a partner from Ernst & Young speak about
recruiting and interviewing tips. It was also well attended.
The club is growing and vibrant and many students are in the process of
transferring to universities They have used their networking skills to obtain
internships, scholarships, and to gain entrance into universities of their choice.
On-Line Courses Under
Development
These are currently offered only as
traditional classes. We are in the
process of creating the
curriculum documentation
needed to supplement our online offerings.
 BUSA 60 - QuickBooks
 BUSA 250 – Income Tax
Accounting
 BUSA 270 – Auditing
Vote to recommend that these
courses be offered on-line.
Thank you
for joining
us
We look forward to meeting the
needs of your future
employees! We appreciate
your advice!
 The Accounting/Finance
Department extends its
appreciation to our
business/industry partners
and community members
who volunteer their time to
serve on the advisory
committee.