Business

Choose Your Electives -

CAMPUS Lloydminster Campus
ACCREDITATION Diploma

Choose your electives

If you are in the business administration diploma program, you will choose electives. There is an exception, the real estate appraisal and assessment major.
  • Accounting majors only have to pick one elective.
  • Marketing majors and small business and entrepreneurship majors choose 4 electives. Here are all the Lakeland College
  • If you're in the general major, you'll choose 10 electives. Most (8 courses) are in year 2 because you only have 2 required courses.
What you should know
  • Business elective course options are listed by subject areas in the drop downs below.
  • You do have help. Your academic advisor will assist you in choosing courses suitable to your needs and building your timetable.
  • You may select a course from any interest area. You aren't limited to courses related to your major.
  • Course descriptions and course outlines are subject to change.
  • Not all courses are offered every year. Not all course combinations are possible.
  • All courses are 3 credits each.
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Accounting/Taxation (AC) and Appraisal, Assessment & Valuation (AP) CREDITS
AC 130 Accounting I 3
AC 130 and AC 230 introduce the concepts and applications of financial accounting. Topics in AC 130 Accounting I include accounting concepts and principles, the recording process, preparing financial statements, internal control, cash and receivables.
AC 201 Payroll Administration 3
This is an introductory course in payroll. Topics include employment standards, designation of individuals as employees or contractors, record keeping requirements, payroll calculations, taxable and non-taxable benefits, payroll journal entries, reporting requirements, and employee termination. Co-requisite: AC 130
AC 230 Accounting II 3
AC 230 is a continuation of AC 130. Topics included are: inventories; capital assets; current liabilities; owner’s equity in partnerships and corporations; analyzing financial statements; the statement of cash flows, and accounting information systems. Emphasis is placed on problem solving and application of financial accounting to real life situations. It also provides students with experience in maintaining a manual accounting system. Prerequisite: AC 130
AC 235 Computerized Accounting 3
This is an introductory course in computerized accounting. The student gains experience using Simply Accounting and through it a basic knowledge of a fully integrated microcomputer based accounting system. The modules of the software to be explored include the General Ledger, Accounts Receivable, Accounts Payable, Payroll, Inventory and Services, and Project. Co-requisite: AC 230
AC 260 Introduction to Taxation 3
This course is a study of current tax legislation as it relates to individuals. Students gain the knowledge needed to prepare personal income tax returns. Topics include the determination of various income sources, tax deductions, and tax credits used in calculating the tax liability of individuals. Co-requisite: AC 230
AC 356 Strategic & Competitive Analysis 3
Strategic & Competitive Analysis stress the need for strategic thinking in management. This course provides insight to the analysis of competitors, potential competitors, and opportunities that are presented in the competitive environment. This course explores the specific areas of strategic cost management with its emphasis on cost drivers the value chain and strategic use of activity-based management. Prerequisite: MA 201
AC 441 Intermediate Accounting 3
Theoretical aspects of accounting are studied in depth. Topics emphasize external financial reporting standards and the underlying accounting assumptions, concepts and principles pertaining to the accounting model. The course content includes accounting for operational assets, deferred and intangible assets, and long term intercorporate investments. Prerequisite: AC 230
AC 444 Management Accounting 3
The course looks at accounting data through the eyes of those who must use it in planning, in controlling operations and in making the many decisions involved in the management of an enterprise. Topics include cost, cost behaviour, cost relevance, budgeting, flexible budgeting, and capital budgeting. Prerequisite: AC 230
AC 541 Intermediate Accounting II 3
This course is an in-depth study of accounting and reporting of long-term liabilities and corporation equities. It also deals with the implications of taxation, leases, pensions, and financial statement analysis. Prerequisite: AC 441
AC 544 Cost Accounting 3
Cost accounting concentrates on the process of cost determination, recording, analysis and reporting. Cost accounting presents information on the costs of products, services and company departments. Cost accounting is a part of and supports both financial and managerial reporting activities. Topics include job-order and process costing; standard costs: material, labour and overhead; direct costing, and activity-based costing system. Prerequisite: AC 444
AP 310 Farmland Evaluation 3
This course provides theory and practice in farmland assessment according to Alberta Municipal Affairs Assessment Standards Guideline. It includes the evaluation of farmland in relation to soils, climate, and productivity factors. The course provides training in soil evaluation to a level that students can successfully use the Alberta Municipal Affairs farmland assessment manual. The preparation of assessment reports and interpretation of aerial photographs, soil surveys, and county maps will be considered.
AP 320 Assessment Principals 3
This course provides an overview of the property assessment and taxation system in Alberta. Advanced topics that govern assessment/taxation in both urban and rural jurisdictions are presented. Students are introduced to various aspects of provincial and local governmental responsibilities. Prerequisites: AP 310, AP 344; Co-requisite: AP 444
AP 330 Foundations of Real Estate Appraisal 3
This course offers a comprehensive coverage of all concepts and principles of real property appraising, together with the technical skills required of the applications of basic principles in practice. The course focuses on residential appraisal and cost estimating techniques used in the appraisal field and an introduction to income property appraisal. The student completes a residential property appraisal on a single family dwelling. Co-requisite: CT 402
AP 331 Real Estate Investment Appraisal & Advanced Income Appraisal 3
Valuation techniques for real estate are examined, including the income method of appraisal, tax consequences of real property ownership, and portfolio analysis methodology. Prerequisite: AC 230 or consent of instructor in cases where AC 230 is being taken concurrently.
AP 344 Statistical & Computer Applications in Valuation 3
This course teaches the fundamentals of exploratory data analysis and real property valuation. Practical uses of statistical and computer applications in determining and analyzing real estate value are explored. This is done by examining case studies and doing hands on computer work on student owned laptops, using the statistical package, SPSS. Prerequisite: MA 201
AP 443 Real Property Assessment Administration 3
This course introduces the student to the fundamentals of the real property assessment system for taxation and its administration. Topics include property tax, assessment law, organizational structure, records and data systems, quality assurance and the application of mapping and GIS (geographic information systems). Co-requisite: AP 330
AP 444 Computer Assisted Mass Appraisal 3
This is an advanced hands on course in which students continue to use their laptops and the SPSS statistical package to develop cost and direct sales computer assisted mass appraisal (CAMA) models. Topics include more complex modelling and valuation techniques such as nonlinear programming and neural network. The integration of GIS (Geographic Information Systems) and CAMA (Computer Assisted Mass Appraisal) is also studied. Prerequisites: AP 344 and MA 201
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General Business (BA), Finance (FN), Communications (CO) & Computer (CT) CREDITS
BA 120 Organizational Behaviour 3
This course looks at the behaviour of individuals and groups in organizational settings in terms of various theories and models, and examines how such behaviour can be modified to improve organizational efficiency and effectiveness. Case studies, exercises, and role-plays drawn from real life are used to illustrate the principles involved.
BA 170 Salesmanship 3
This course deals with the concepts, qualities and skills required of a salesperson. Development of sales presentations and role-playing are used to practice sales technique. The importance of the sales function to an organization’s success is emphasized, as well as the rewards and duties of the professional salesperson.
BA 250 E-Commerce 3
This course looks at e-commerce from a managerial perspective. Topics include: intranets and extranet technologies, retailing (B2C), B2B, payment systems, corporate strategy, public policy, and global and ethical issues.
BA 440 Financial Management 3
The objective of financial management is to provide the student with a basic understanding of the process of raising funds and their most profitable allocation within a business enterprise. Topics include financial markets, taxation, financial statement analysis, sources and valuation of debt and equity, fundamental capital budgeting, leverage and risk management. Prerequisites: AC 130 & MA 101
BA 470 Business Case Studies 3
The goal of this course is to prepare students to be managers. A number of currently emphasized management topics are presented and integrated within the traditional framework of functions and systems. Lectures and case discussions are employed to explore topics in planning, organizing, influencing, controlling and managing in the future. Prerequisite: AC 130
BA 540 Financial Management II 3
The objective of this second course in financial management is a continued emphasis of prerequisite concepts with further study in the areas of advanced capital budgeting, financing mix, dividend policy, working capital management, mergers, and international financial management. Prerequisite: BA 440
BA 546 Small Business Management I 3
This course covers the fundamentals of successfully managing and operating a small business. Emphasis is on planning and strategy in the areas of operation, finance and marketing. Instruction involves a combination of lectures, discussions and projects. Prerequisite: None, however, some background in accounting is recommended.
BA 548 Small Business Management II 3
This course is based on a simulation game that applies theoretical concepts to a reality-based scenario. Emphasis is on gaining hands-on experience in operating and managing a small service business. Students gain practical skills in a controlled environment. Prerequisites: AC130 & MK170
BA 572 Business Affairs Seminar 3
This course deals with topics of current concern in the business world. Topics may vary depending on the specialized interests of the class. Projects are assigned for presentation and discussion. A portion of the course is dedicated to developing and/or improving students’ networking and business etiquette skills.

BA 640 Management Information Systems 3
In this course, students examine current practice in the areas of planning and control of data processing, selection of processing facilities, and dissemination of information within a business enterprise. Topics include systems analysis, data warehouses, artificial intelligence, networks, emerging technologies and computer based applications, cost/benefit analysis and case studies. Concurrently the students are taught PowerPoint and/or advanced spreadsheets and do exercises on the Internet. Prerequisite: CU 248
BA 646 Operations Management 3
A study of manufacturing and service processes - characteristics, implications for management, and the dynamics of change within a global business environment. Issues of technology, productivity and utilization of resources are explored. Topics include production, facilities, processes, technology and capacity, transportation, service, quality, planning, human resources and project management. Prerequisite: MA 201
BA 656 Leadership & Supervision 3
This first-line management course covers a wide spectrum of topics dealing with how management sees the supervisor, how supervisors see themselves, and how supervisors lead. This course covers planning, control, communications, motivation, training, appraisal, discipline, selection, safety and other relevant topics. By course completion, participants should have a well-rounded understanding of theory and practical application of leadership and supervision. Prerequisite: BA 120
BA 661 Human Resource Management 3
A comprehensive examination is made of an organization's human resource management function. Areas of focus include human resource planning, recruitment and selection, orientation and training, compensation and benefits, labour relations and occupational health and safety. Conflict resolution in managerial issues is explored. Prerequisite: BA 120
FN 230 Personal Finance Management 3
This course provides the foundations of personal financial planning in a rigorous conceptual and practical framework and a thorough coverage of all major aspects of family and individual personal finances ranging from budgeting to estate planning. Students acquire expertise in preparing a personal financial plan.
CO 131 Communications I 3
Course offers an opportunity for business students to improve their skills in two specific areas: written & oral communication. The written component of this course covers a broad spectrum of writing skills: word usage, economy, parallel form, agreement, modifiers, spelling, capitalization, possessives, punctuation, and style. The oral component of this course will focus on a variety of oral presentations through the use of different multimedia technologies. Upon completion of this course, students will have acquired both effective business writing and presenting skills.
CO 231 Communications II 3
Emphasis in this course is on writing and formatting a variety of business documents - letters, memos, proposals, instructions/procedures, reports (informal, semiformal, formal) - and on developing a practical approach to solving business communications problems. Lectures, discussions, presentations, and individual and group assignments are used. Prerequisite: CO 131
CT 402 Residential & Commercial Property Analysis 3
This is a first-level course designed for Appraisal and Assessment students who require a basic course in construction materials and theory. The course covers both interior and exterior materials with emphasis on residential, commercial and industrial construction, building codes and print reading. Also covered is an introduction to residential cost estimating and then a more in-depth study of commercial cost estimating techniques.
CU 248 Business Computer Applications 3
This course will cover a combination of the following computer applications: file management (Windows), word processing (Word), spreadsheets (Excel), presentations (PowerPoint) and desktop publishing (MS Publisher). More depth and application of topics will follow overviews of each individual application. Business topics will be stressed in examples used.
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Economics (EC), Law (LA), Math (MA) and Marketing (MK) CREDITS
EC 111 Microeconomics 3
Microeconomics provides the student with the analytical techniques needed to analyze and understand consumer behaviour, the production decisions of a firm, market structures, and the market price mechanism.
EC 211 Macroeconomics 3
In this course, emphasis is placed on national policies and their impact on the Canadian economy. Other topics are national income accounting, inflation models, employment theory, business cycles, balance of payments, and money and banking.
EC 300 Urban & Real Estate Economics 3
This course examines urban land markets and the development of cities using key economic principles. These principles are used to analyze urban real estate market demand, land use, land value, location and growth over time. Prerequisite: EC 111
LA 112 Canadian Real Property Law & Real Estate Ethics 3
The course focuses on the application of property law across Canada. The topics covered include: a review of the Canadian legal system, contract law, estates and interests in land, land registration, the role of the real estate agent, mortgage law, tenancies, condominium law, professional standards, and ethics.
LA 180 Business Law 3
Sources of law and the judicial system. Emphasis on the law of contracts, contract of sale, consumer protection, restrictive trade practices, agency, negotiable instruments, unincorporated business and corporations, insurance, and the law of torts.
MA 101 Business Mathematics 3
The solution of practical financial and mathematical problems encountered in the business world is the focus of this course. It reviews the mathematics of ratios, percentage and basic algebra, and their applications to business problems. The principle of the time value of money is covered in depth with its important applications to finance, investments and capital budgeting. Use of financial calculators is emphasized throughout.
MA 201 Business Statistics 3
This course is an introduction to statistical concepts and techniques, progressing to inferential statistics. The techniques introduced are used in all the functional areas of business. Topics include data presentation, probability, distributions, sampling and estimation, hypothesis testing, time series analysis, non-parametric tests, regression, correlation, and analysis and time series. Prerequisite: MA 101
MA 535 Quantitative Methods I 3
This course serves as a connecting link between mathematics courses and applied business courses. The focus is on sharpening decision making abilities by formulating business problems into quantitative models and interpreting the results of the models solutions. Topics include decision making under uncertainty, forecasting, inventory, & PERT/CMP planning models. Prerequisite: MA 201
MA 635 Quantitative Methods II 3
This course continues the quantitative decision making approach to business problems. The focus is on the techniques of mathematical modelling. Topics include linear programming and computer simulation. Emphasis is placed on setting up a variety of business problems for computer solution, and the interpretation and application of the computer output. Computer simulation methods enable the student to creatively model and evaluate business situations for which standard models are not available. Prerequisite: MA 201
MK 170 Marketing Principles 3
This course is designed to develop knowledge and understanding of marketing techniques. It includes analysis of marketing operation, product assortment, price structure, channels of distribution, and promotion of goods and services.
MK 210 Consumer Behaviour 3
This course examines how different consumer segments make decisions about how to spend their money. To effectively employ the marketing concept, marketing practitioners must understand consumer behaviour concepts and theories. This course covers the exchange process involved in acquiring, consuming, and disposing of goods, services, experiences, and ideas. Prerequisite: MK 170
MK 211 Global Marketing 3
This course is a comprehensive study of marketing in an international context. Topics covered in the course include the export process, licensing, joint ventures, culture, product adaption, international distribution, international finance, and the international political and legal environment. Prerequisite: MK 170
MK 223 Advertising & Promotions 3
This course is designed to enable students to use the advertising and promotional techniques learned in MK 170 in a practical hands-on way. Topics range from the role of advertising to the creative aspects of developing and presenting various promotional vehicles in their completed form. Prerequisite: MK 170
MK 228 Public Relations 3
Students learn the importance of sound media planning as part of effective media relations. Course content includes media knowledge and practical guidelines for utilizing written, spoken, and visual techniques to reach selected audiences. Prerequisite: MK 170
MK 230 Market Research 3
This is an introductory course in marketing research. The course includes an experiential approach to the learning of techniques of marketing research. Course content includes research designs, data collection instruments, sample designs, types of analysis, and research reporting. Prerequisite: MK 170
What Students Say
With the Student-Managed Farm you learn to be accountable for what you’re doing and the choices you make. You get an understanding of what it’s like to be out in industry or on a farm making decisions that count.

– Anthony Biglieni

Agribusiness Class of 2006

What Alumni Say
Lakeland College has been a integral partner in growing our own through the school of business. As an alumnus of the college, I have first-hand learning experience in the school of business. The professors welcome Servus Credit Union to facilitate classes in the Business Ethics course each year.

– Sandi Unruh

Senior Human Resources Consultant

What Faculty & Staff Say
Vertex has had great experience bringing on students from Lakeland College. We have found the Bachelor of Applied Science (Environmental Management) program to provide students with good academic knowledge of the environmental industry and the criteria that governs the land reclamation

– Sean Fuller B.Sc., P.Ag.

Vice President, Environmental Services, Vertex.

What Alumni Say
There is no way I would be where I am today without Lakeland College. It inspired me to be a better person and to get a job in something I love doing. I am so thankful I had such a great experience at Lakeland and I hope future students do as well.

– Danielle Gaboury

Business studies, Class of 2016.

What Students Say
I recommend the UT program to people all the time. The smaller setting Lakeland offers, is very conducive to learning. It's less intimidating than the larger universities and allows for more class interactions and discussions

– Kelly Mykytuk

2nd year UT student, 2017-18

What Alumni Say
I have loved my experience at Lakeland. The teachers are personable, and quick to share about their own experiences. They encouraged me to run with my own ideas and see what would happen; they got excited about my designs, which gave me the confidence to do my best and be more creative.

– Payton Ramstead

Class of 2016, Interior Design student.

What Alumni Say
At Lakeland College you are guaranteed to have time out of the classroom where you can put everything you learned together and actually see that what you’re learning is relevant.

– Alisa Brace

Animal Health Technology, Class of 2016.

What Alumni Say
The friendships I made, the experiences we were provided with, and the welcoming atmosphere of the Vermilion Campus made my time at Lakeland extremely valuable and memorable

– Grayden Kay

Animal Science & Agribusiness, Class of 2016.

What Alumni Say
Lakeland College was a learning environment unlike any other school. It allows students to learn beyond the classroom, and staff and faculty genuinely want to see students succeed. It’s a place where you can feel comfortable asking questions and where everyone has a place and fits in.

– Carson Reid

Agribusiness, Class of 2016.

What Alumni Say
The instructors were the highlight of my time at Lakeland. It made a huge impact on my college experience to have instructors who challenged, encouraged, and believed in me.

– Jessica Cadrain

Child & Youth Care, Class of 2016.

What Alumni Say
At the beginning of my first year, I was really stressed out as I felt I had no artistic ability. But with the instruction and time put in by the interior design faculty, I was able to develop my artistic abilities. Now I am fully confident in and exceeding well in the artistic side of this career!

– Naomi Mason

Interior Design Technology, Class of 2016.

What Alumni Say
I just feel like you get the best education at Lakeland, especially from the time that the instructors can actually spend with you. I like the class sizes too – everything’s been great about my Lakeland experience.

– Dean Coulson

Heavy Equipment Technician, Class of 2016.

What Alumni Say
I do give Lakeland College credit for reigniting my interest and even preparing me for Miss Rodeo Canada. Lakeland helped me to grow enough to have the confidence to think I could take on that role and become that person. I think that I have and I am really grateful for that

– Ali Mullin

Agribusiness, class of 2014, former Miss Rodeo Canada.

What Alumni Say
I feel the professors at Lakeland actually prepared me for the profession. It’s impossible to be just a number here when there are 12 students in all of your classes. When the school advertised small class sizes, they actually meant it.

– Stephen Mark Visser

Real Estate Appraisal and Assessment, Class of 2016.

What Alumni Say
I was involved in the president’s gala in April where I was an emcee for the evening, it was a great experience, and I had a lot of fun doing it and would recommend it to everyone.”

– Lucas Tetreault

HOPE Power Engineering, Class of 2017.

What Alumni Say
I would recommend Lakeland College for the simple fact that it's for everybody. As a mature student who went back to school much later than his 18th year, I was immediately accepted, and not ostracized in the least

– Donald James Shaw

Accounting Major, Class of 2016.

What Alumni Say
All the hands-on learning was great and very helpful once placed into the industry. Having clients leave with a smile after each service assured me that I was in the right field of work. I would recommend Lakeland to anyone.

– Courtnee Coolidge

Esthetician, Class of 2016.

What Alumni Say
The professors care so much about their students at Lakeland and are able to know each and every one of them by name, so much so that they are able to nominate a ton of students for awards.

– Stephanie Wakefeild

University Transfer, Class of 2016.

What Alumni Say
They really put you in the lead at Lakeland. Lakeland cares about its students, empowers them, and gives them opportunities to achieve their goals. I don’t see Lakeland as a stepping stone or a first step – I see it as a bridge and an integral part of my education.

– Alyssa Wells

University Transfer, Class of 2017.

What Alumni Say
I wanted to get experience in the field of assessment as it would give me exposure to what it’s like day to day. It was an invaluable experience as I find it hard to imagine what it would be like working in a particular field or area until I’m doing the work.

– Sheldon Farrell

Real estate appraisal and assessment, Class of 2017.

What Alumni Say
In the campus spa, they give you time to work with each client so nothing is rushed and you’re able to concentrate on providing the best service you can to your client.

– Daphney Couturier

Esthetician, Class of 2017.

What Alumni Say
It’s going to be a lot easier to start our first jobs having this experience and having been able to build our confidence in the campus spa. I love that we get to have this opportunity.

– Darby Watchel

Esthetician, Class of 2017.

What Employers Say
Lakeland is a great place to find employees. The college provides real world training that equips soon-to-be employees with knowledge and people skills that are highly sought after in the agriculture industry these days.

– Dustin Dinwoodie

Key Account Manager – Western Canada Arysta LifeScience