Accounting. January 2012 Needs Assessment. Accounting Needs Assessment Page 1. Prepared by Elisa Lewis Date: January 4, 2012 Accounting

Transcription

1 Accounting January 212 Needs Assessment Prepared by Elisa Lewis Date: January 4, 212 Accounting Accounting Needs Assessment Page 1

2 Scope Data compiled in this report covers San Bernardino, Riverside, Orange, and Los Angeles counties. Data were drawn from external sources, including the Employment Development Department s California Labor Market Information, the U.S. Department of Education s Integrated Postsecondary Education Data System (IPEDS), O*NET OnLine, and Chaffey College s Colleague Administrative database. Data Sources and Calculations Educational Program Data The Taxonomy of Programs (TOP) is a standardized system used at the state level to classify programs and courses that are intended to achieve the same outcome at different colleges throughout the state. The TOP code assigned to Accounting is 52.. The Classification of Instructional Programs (CIP) is a standardized coding system used at the federal level to facilitate accurate tracking, assessment, and reporting of fields of study and program completion at educational institutions throughout the country. The CIP code assigned to Accounting Technology/Technician and Bookkeeping is All educational program data in this report are based on these TOP and CIP codes. Occupational Data The Standard Occupational Classification (SOC) system is used by federal statistical agencies to classify workers into occupational categories. The SOC codes and titles associated with Accounting are: Accountants and Auditors, Budget Analysts, Business Teachers, Postsecondary Credit Analysts, Financial Examiners, and Tax Examiners, Collectors, and Revenue Agents. Educational Program to Occupation Crosswalk The TOP-CIP-SOC Crosswalk (Employment Development Department, 27) was used in this report to map California Community College-specific Taxonomy of Program (TOP) codes to federal Classification of Instructional Program (CIP) and Standard Occupational Classifications (SOC) codes. This crosswalk allows the user to estimate labor market demand for California Community College program completers using SOC based projections from the Labor Market Information Division. Industry Data The North American Industry Classification System (NAICS) is used by federal statistical agencies to classify business establishments for the purpose of conducting and reporting research on the U.S. business economy. Using the Standard Occupational Classification codes listed above, associated NAICS industries were identified. Completions Data Degree and certificate data regarding students at Chaffey College were collected from the Colleague Administrative database. Degree and certificate data for all comparison schools were collected from the U.S. Department of Education s Integrated Postsecondary Education Data System (IPEDS). Accounting Needs Assessment Page 2

3 Introduction and Contents Contents Background Information 4 Regional Job Outlook 7 Largest & Fastest Growing Industry Employers 1 Regional Graduation Summary 19 Chaffey College s Performance on Core Indicators 22 Map of Selected Regional Employers and Competitor Institutions 23 Purpose and Goals Chaffey College currently offers four degree options for students interested in Accounting careers. Specifically, one can choose to pursue a unit Associate of Science degree in Accounting, a unit Certificate in Accounting, a 14-unit Certificate in Accounting for Government and Not- For-Profit Organizations, a 26-unit Certificate in Accounting Paraprofessional, or a 15-unit certificate in Bookkeeping. The College Catalog Accounting program description reads as follows: The Accounting program is designed to: (1) prepare nontransfer accounting students for entry level positions by making the accounting certificate and/or the two-year degree in accounting available to them; (2) prepare transfer accounting students with appropriate background for upper division courses; and (3) provide nonaccounting majors with sufficient expertise to enable them to make intelligent use of accounting information. The purpose of this report is to integrate and analyze data from multiple sources to determine labor market needs for the Accounting program at Chaffey College. Comparison Institutions All comparison institutions included in this report are postsecondary and have provided data to the U.S. Department of Education s Integrated Postsecondary Education Data System (IPEDS). IPEDS defines postsecondary education as a formal program designed primarily for students beyond high school age. These include academic, vocational, and continuing professional education, and exclude avocational and adult basic education programs. Regional Definitions Inland Empire includes the Riverside-San Bernardino-Ontario Metropolitan Statistical Area (MSA) Los Angeles includes the Los Angeles- Long Beach-Glendale Metro Division Orange includes the Santa Ana- Anaheim-Irvine Metro Division Key Terms and Concepts Replacement Jobs: Replacement jobs refer to the number of job openings due to workers leaving an occupation. Annual Openings: Annual openings are calculated by adding the number of new jobs to the number of replacement jobs, divided by the number of years in the projection period. Projections: Projections of employment are calculated by the Employment Development Department and are based on a mathematical formula that includes historical employment and economic indicators along with national, state, and local trends. Occupation: Jobs are grouped into occupations using the federal Standard Occupational Classification (SOC) system. Industry: Occupations are grouped into industries using the North American Industry Classification System (NAICS). Wages: Hourly wages are reported in percentiles and averages. The 25 th percentile is a useful proxy of entry-level wages and the 75 th percentile of experienced-level wages. Accounting Needs Assessment Page 3

4 Background Information Accounting Accounting programs in California Community Colleges focus on procedures to systematize information about transactions and activities into accounts and quantitative reports to verify the accuracy of data by applying accounting, internal reporting, and decision-making principles. 1 The following six occupational categories were identified by the Employment Development Department as providing employment options for individuals with an undergraduate certificate or Associate s degree in Accounting. Accountants and Auditors 2 Accountants and Auditors work to ensure that the public records and tax payments of firms are accurate and timely. Besides preparing, analyzing, and verifying financial documents, many accountants also offer budget analysis, financial and investment planning, information technology consulting, and limited legal services. Typical Tasks: Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards. Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting or other tax requirements. Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice. Report to management regarding the finances of establishment. Establish tables of accounts and assign entries to proper accounts. Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs. Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology. Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities. Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems. Work as Internal Revenue Service (IRS) agents. Budget Analysts 2 Budget Analysts develop, analyze, and execute organizational budgets to allocate current resources and estimate future financial needs. They examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Typical Tasks: Direct the preparation of regular and special budget reports. Analyze monthly department budgeting and accounting reports to maintain expenditure controls. Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. 1 California Community Colleges, Chancellor s Office, Taxonomy of Programs, Sixth Edition (Corrected Version). 2 Labor Market Information Division, Employment Development Department, Occupation Profile, on the Internet at: (visited January 4, 212). Accounting Needs Assessment Page 4

5 Review operating budgets to analyze trends affecting budget needs. Summarize budgets and submit recommendations for the approval or disapproval of funds requests. Consult with managers to ensure that budget adjustments are made in accordance with program changes. Compile and analyze accounting records and other data to determine the financial resources required to implement a program. Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods. Interpret budget directives and establish policies for carrying out directives. Business Teachers, Postsecondary 2 Business Teachers teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research. Typical Tasks: Evaluate and grade students' class work, assignments, and papers. Prepare and deliver lectures to undergraduate or graduate students on topics such as financial accounting, principles of marketing, and operations management. Initiate, facilitate, and moderate classroom discussions. Prepare course materials such as syllabi, homework assignments, and handouts. Keep abreast of developments in the field by reading current literature, talking with colleagues, and participating in professional organizations and conferences. Compile, administer, and grade examinations, or assign this work to others. Maintain student attendance records, grades, and other required records. Plan, evaluate, and revise curricula, course content, and course materials and methods of instruction. Maintain regularly scheduled office hours to advise and assist students. Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media Credit Analysts 2 Credit Analysts examine credit data and financial statements to determine the risk involved in extending credit or lending money to individuals and organizations. They then prepare reports concerning the anticipated risk for use in decision-making. Typical Tasks: Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. Prepare reports that include the degree of risk involved in extending credit or lending money. Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity. Confer with credit association and other business representatives to exchange credit information. Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval. Generate financial ratios, using computer programs, to evaluate customers` financial status. Review individual or commercial customer files to identify and select delinquent accounts for collection. Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations. Consult with customers to resolve complaints and verify financial and credit transactions. Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans. Accounting Needs Assessment Page 5

6 Financial Examiners 2 Financial Examiners investigate organizations to ensure that they are following laws and regulations regarding transactions, operations, and/or financial solvency. Based on the information they gather, Examiners may recommend action plans to achieve legal and regulatory compliance. Typical Tasks: Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency. Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact. Plan, supervise, and review work of assigned subordinates. Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions. Examine the minutes of meetings of directors, stockholders and committees to investigate the specific authority extended at various levels of management. Prepare reports, exhibits and other supporting schedules that detail an institution`s safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions. Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities. Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines. Train other examiners in the financial examination process. Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation. Tax Examiners, Collectors, and Revenue Agents 2 Tax Examiners, Collectors, and Revenue Agents determine tax liability and/or collect taxes from individuals and businesses. They send notices to taxpayers when accounts are delinquent and notify them of overpayment or underpayment. Typical Tasks: Collect taxes from individuals or businesses according to prescribed laws and regulations. Maintain knowledge of tax code changes, and of accounting procedures and theory to properly evaluate financial information. Maintain records for each case, including contacts, telephone numbers, and actions taken. Confer with taxpayers or their representatives to discuss the issues, laws, and regulations involved in returns, and to resolve problems with returns. Contact taxpayers by mail or telephone to address discrepancies and to request supporting documentation. Send notices to taxpayers when accounts are delinquent. Notify taxpayers of any overpayment or underpayment, and either issue a refund or request further payment. Conduct independent field audits and investigations of income tax returns to verify information or to amend tax liabilities. Review filed tax returns to determine whether claimed tax credits and deductions are allowed by law. Review selected tax returns to determine the nature and extent of audits to be performed on them. Accounting Needs Assessment Page 6

7 Regional Job Outlook Projected Regional Job Outlook The table below displays employment projections for the six occupational groups associated with Accounting. Accountant and Auditor occupations will supply the most jobs over this time period, with most of the annual openings occurring in Los Angeles. The availability of jobs in the other occupations is comparable. Budget Analysts and Tax Examiners, Collectors, and Revenue Agents have the most replacement openings. Total Estimated 28 Jobs Total Projected 218 Jobs Projected Growth (%) Ave. Annual New Job Openings Ave. Annual Replacement Job Openings Ave. Annual Total Job Openings Accountants and Auditors State of California 14,2 167,1 26,9 (19.2%) 2,69 2,38 5,7 Inland Empire 6,59 7,53 94 (14.3%) Los Angeles CO 41,5 47,92 6,87 (16.7%) ,381 Orange CO 14,97 17,51 2,54 (17.%) Budget Analysts State of California 12,2 13,5 1,3 (1.7%) Inland Empire 92 1,6 14 (15.2%) Los Angeles CO 3,18 3,4 22 (6.9%) Orange CO (6.7%) Business Teachers, Postsecondary State of California 5,9 6,8 9 (15.3%) Inland Empire (18.4%) Los Angeles CO 1,62 1,85 23 (14.2%) Orange CO (12.5%) Credit Analysts State of California 8,7 9,9 1,2 (13.8%) Inland Empire (11.1%) Los Angeles CO 2,55 2,86 31 (12.2%) Orange CO 1,17 1,36 19 (16.2%) Financial Examiners State of California 3,1 4,1 1, (32.3%) Inland Empire N/A N/A N/A N/A N/A N/A Los Angeles CO 1,28 1,7 42 (32.8%) Accounting Needs Assessment Page 7

8 Orange CO (34.5%) Tax Examiners, Collectors, and Revenue Agents State of California 9,2 1,2 1, (1.9%) Inland Empire (11.8%) Los Angeles CO 1,56 1,67 11 (7.1%) Orange CO N/A N/A N/A N/A N/A N/A Source: Labor Market Information Division, Employment Development Department, Occupation Profile, on the Internet at: (visited January 4, 212). Projected Job Growth by Region The graphs below show the projected growth from 28 to 218 of Accounting-related occupations. All occupations are expected to grow. Accountants and Auditors, Postsecondary Business Teachers, and Financial Examiners are in demand, according to the California Labor Market. Budget Analysts, Credit Analysts and Tax Examiners, Collectors, and Revenue Agents will grow at an average rate. Accountants & Auditors Budget Analysts % Growth California Inland Empire Los Angeles Orange % Growth California Inland Empire Los Angeles Orange Business Teachers, Postsecondary Credit Analysts % Growth California Inland Empire Los Angeles Orange % Growth California Inland Empire Los Angeles Orange Financial Examiners Tax Examiners, Collectors, and Revenue Agents % Growth California Inland Empire Los Angeles Orange % Growth California Inland Empire Los Angeles Orange Source: Labor Market Information Division, Employment Development Department, Occupation Profile, on the Internet at: (visited January 4, 212). Accounting Needs Assessment Page 8

9 Hourly Wages by Region This table displays the 1 st quarter 211 hourly wage statistics of individuals employed in occupations associated with Accounting. Median hourly wages are largely comparable across regions of interest as well as across occupations. An Accounting program graduate can expect to earn approximately $18 to $54/hr, depending on experience. Mean Hourly Rate 25 th Percentile Median Hourly Rate 75 th Percentile Accountants and Auditors State of California $36.16 $26.6 $33.3 $42.24 Inland Empire $31.29 $24.1 $3.13 $36.68 Los Angeles CO $35.6 $25.69 $32.49 $41.7 Orange CO $35.65 $25.64 $32.14 $41.17 Budget Analysts State of California $37.99 $29.95 $37.49 $45.77 Inland Empire $3.38 $18.39 $3.83 $39.29 Los Angeles CO $37.19 $28.78 $36.74 $45.47 Orange CO $39.55 $32.51 $39.19 $46.43 Business Teachers, Postsecondary State of California $5.81 $36.73 $47.1 $62.44 Inland Empire N/A N/A N/A N/A Los Angeles CO N/A N/A N/A N/A Orange CO N/A N/A N/A N/A Credit Analysts State of California $36.21 $24.4 $32.33 $44.79 Inland Empire $43.6 $26.6 $34.8 $54.48 Los Angeles CO $33.96 $22.53 $3.68 $43.65 Orange CO $36.4 $26.86 $32.56 $44.72 Financial Examiners State of California $42.3 $3.11 $36.74 $5.18 Inland Empire $37.49 $33.4 $36.74 $42.62 Los Angeles CO $38.12 $27.14 $34.89 $44.92 Orange CO $39.37 $27.15 $35.43 $45.56 Tax Examiners, Collectors, and Revenue Agents State of California $3.2 $2.76 $27.15 $38.41 Inland Empire N/A N/A N/A N/A Accounting Needs Assessment Page 9

10 Los Angeles CO N/A N/A N/A N/A Orange CO N/A N/A N/A N/A Source: Labor Market Information Division, Employment Development Department, Occupation Profile, on the Internet at: (visited January 5, 212). Largest and Fastest Growing Industry Employers Largest Industry Employers of Accounting Occupations The graphs below display the 28 staffing patterns up to ten of the largest industries employing each of the six Accounting-related occupational groups across the state of California. By and large, most graduates in Accounting will become Accountants and Auditors and the majority in this group will be employed in Accounting and Bookkeeping Services. Budget Analysts will most likely be employed by local government while Postsecondary Business Teachers are most often employed at junior colleges. Credit Analysts are most often employed by automobile dealers. Financial Examiners are most often employed by the federal government and depository credit intermediation, and Tax Examiners by the federal and state government. Number of Employees 4, 35, 3, 25, 2, 15, 1, 5, Accountants and Auditors Accounting Needs Assessment Page 1

11 Number of Employees 2,5 2, 1,5 1, 5 Budget Analysts Number of Employees 3,1 3, 2,9 2,8 2,7 2,6 2,5 Business Teachers, Postsecondary Junior Colleges Colleges and Universities Number of Employees 1,8 1,6 1,4 1,2 1, Credit Analysts Accounting Needs Assessment Page 11

12 Number of Employees Financial Examiners Number of Employees 5, 4, 3, 2, 1, Tax Examiners, Collectors, and Revenue Agents Federal Government State Government Local Government Source: Labor Market Information Division, Employment Development Department, Staffing Patterns, on the Internet at: (visited January 9, 212). Change Over Time of the Largest Industry Employers of Accounting-Related Occupations The graphs below display projections of change over time from of the largest industries employing Accounting-related occupations in the state of California. Each of the occupational areas displays employment growth in several industries, especially Accountants and Auditors and Budget Analysts. Each of the other occupational groups is associated with a few growing industries, most notably the Management and Technical Service industry for Credit Analysts and the Nondepository Credit Intermediation and Security and Commodity Investment Activity industries for Financial Examiners. Accounting Needs Assessment Page 12

13 Percent Change 7.% 6.% 5.% 4.% 3.% 2.% 1.%.% -1.% Accountants and Auditors Percent Change 6.% 5.% 4.% 3.% 2.% 1.%.% -1.% -2.% Budget Analysts Business Teachers, Postsecondary Percent Change 25.% 2.% 15.% 1.% 5.%.% Junior Colleges Colleges and Universities Accounting Needs Assessment Page 13

14 Percent Change 12.% 1.% 8.% 6.% 4.% 2.%.% -2.% Credit Analysts Percent Change 12.% 1.% 8.% 6.% 4.% 2.%.% Financial Examiners Percent Change 2.% 15.% 1.% 5.%.% Tax Examiners, Collectors, and Revenue Agents Federal Government State Government Local Government Source: Labor Market Information Division, Employment Development Department, Staffing Patterns, on the Internet at: (visited January 9, 212). Accounting Needs Assessment Page 14

15 Other Industries with Growth in Accounting-Related Occupations Aside from the industries that were displayed in the graphs above, three of the six accounting-related occupations are associated with additional industries with growth. The table below displays these industries along with their numeric change and percent growth from 28 to 218. Industry Employment in California Numeric Change Percent Growth Accountants and Auditors State Government 1,8 2, % Federal Government 1,5 1, % Electronic Markets and Agents/Brokers 1,5 2,1 6 4.% General Medical and Surgical 1,5 1,8 3 2.% Scientific Research and Development 1,4 1, % Elementary and Secondary Schools 1,3 1, % Other Financial Investment Activities 1,3 1, % Depository Credit Intermediation 1,3 1, % Colleges and Universities 1,2 1,5 3 25% Building Equipment Contractors 1,1 1, % Motion Picture and Video Industries 1,1 1, % Residential Building Construction 1,1 1, % Advertising and Related Services 1,1 1, % Insurance Agencies, Brokerages & Support 1, 1,1 1 1.% Commercial Goods Merchant Wholesalers 1, 1,1 1 1.% Accommodation % Electric Goods Merchant Wholesalers % Software Publishers % Legal Services % ISPs, Search Portals, & Data Processing % Other Information Services % Individual and Family Services % Pharmaceutical & Medicine Manufacturing % Offices of Physicians % Religious Organizations % Grocery Product Merchant Wholesalers % Automobile Dealers % Misc Nondurable Goods Merchant Whsle % Apparel/Piece Goods Merchant Wholesalers % Junior Colleges % Grantmaking and Giving Services % Outpatient Care Centers % Activities Rel to Credit Intermediation % Natural Gas Distribution % Accounting Needs Assessment Page 15

16 Specialized Design Services % Electronic Shopping & Mail-Order Houses % Building Material and Supplies Dealers % Social Advocacy Organizations % Home Furnishings Stores % Other Hospitals % Budget Analysts Scientific Research and Development Svc % Software Publishers % Credit Analysts Computer Systems Design and Rel % Services Source: Labor Market Information Division, Employment Development Department, Staffing Patterns, on the Internet at: (visited January 9, 212). Accounting Needs Assessment Page 16

17 Regional Graduation Summary Education and Training 3 An Associate s degree in Accounting prepares students for entry-level positions, such as accounting assistant, bookkeeper, or management trainee. Specific education and training requirements for each accounting-related occupation are described below. Accountants and Auditors Although most Accountant and Auditor jobs require a Bachelor s or Master s degree in accounting or a related field, graduates of junior colleges who meet the education and experience requirements set by their employer may obtain junior accounting positions. By demonstrating their accounting skills on the job, junior accountants can advance to accountant positions. Many Accountants and Auditors choose to pursue certification to become Certified Public Accountants (CPA) to further advance their careers. Requirements for certification vary by state. In California, individuals are required to pass a national exam, meet high educational standards (at least a bachelor s degree), and complete a specific amount of general accounting experience. A successful Accountant will possess strong mathematics, active listening, critical thinking, and monitoring skills. A successful Auditor will possess strong critical thinking, reading comprehension, active listening, and speaking skills. Budget Analysts A Bachelor s degree usually, but not always, is the minimum educational requirement for Budget Analyst jobs. Employees in this occupation usually need two to four years of work-related experience, on the-job training, and/or vocational training. Entry-level Budget Analysts are often given limited responsibilities but can be promoted to intermediate-level positions within one to two years, and to senior positions with additional experience. A successful Budget Analyst will possess strong active listening, reading comprehension, speaking, and critical thinking skills. Credit Analysts Educational and training requirements for Credit Analysts are generally the same as those for Budget Analysts. In other words, employers tend to hire individuals with at least a Bachelor s degree. Also, employees usually need two to four years of work experience, on-the-job training, and/or vocational training. A successful Credit Analyst will possess strong active listening, speaking, reading comprehension, and critical thinking skills. Financial Examiners Financial Examiner positions require the same general education and training standards as Budget and Credit Analyst positions. A successful Financial Examiner will possess strong reading comprehension, active listening, monitoring, and critical thinking skills. Tax Examiners, Collectors, and Revenue Agents Many Tax Examiners, Collectors, and Revenue Agents have a Bachelor s degree, but relevant experience or a combination of education and experience is sufficient for many jobs in these fields. To work in the federal government, employees must have a Bachelor s degree or a combination of some college and related experience. In state and local governments, employees often have an Associate s degree, some college-level business classes, and specialized experience, or a high school diploma and specialized experience. A successful Tax Examiner, Collector, or Revenue Agent will possess strong active listening, mathematics, reading comprehension, and active learning skills. 3 U.S. Bureau of Labor Statistics, Occupational Outlook Handbook 21-11Edition, on the Internet at: (visited January 9, 212). Accounting Needs Assessment Page 17

18 Regional Completers in Accounting Technology/Technician and Bookkeeping Programs The table below displays the number of program completers in the 29-1 academic year at regional institutions offering an Associate s degree or certificate in Accounting. This is a very popular program and, besides Chaffey College, there are 51 institutions offering degrees and/or certificates below a Bachelor s level across the four-county region. Institution Name < 1 year Certificate 1 to < 2 year Certificate Award Level Associate s Degree 2 to < 4 year Certificate Chaffey College Antelope Valley College Baldwin Park Adult & Community Education Barstow Community College Cerritos College Citrus College Coastline Community College College of the Canyons College of the Desert Copper Mountain College Crafton Hills College Cypress College DeVry University-California East Los Angeles College El Camino College-Compton Center El Camino Community College District Fullerton College Glendale Community College Golden West College Hacienda La Puente Unified School District Adult Education Intercoast Colleges Burbank Intercoast Colleges Carson Intercoast Colleges Orange Intercoast Colleges Riverside Intercoast Colleges West Covina Irvine Valley College Long Beach City College Los Angeles City College Los Angeles Harbor College Accounting Needs Assessment Page 18

19 Los Angeles Mission College Los Angeles ORT Technical Institute- LA Los Angeles ORT-Van Nuys Campus Los Angeles Pierce College Los Angeles Trade Technical College Los Angeles Valley College Moreno Valley College Mt. San Antonio College Mt. San Jacinto Community College District Norco College Orange Coast College Palo Verde College Pasadena City College 5 Premiere Career College Rio Hondo College Riverside Community College Saddleback College San Bernardino Valley College Santa Ana College Santa Monica College Santiago Canyon College Stanbridge College West Los Angeles College Total Note: -- indicates that this type of degree is not offered. indicates that this degree is offered but no degrees or certificates were granted. Source: National Center for Education Statistics, U.S. Department of Education, Integrated Postsecondary Education Data System, on the Internet at: Accounting Needs Assessment Page 19

20 Chaffey College s Performance on Core Indicators The Perkins IV Career and Technical Education Improvement Act of 26 mandates that all state and local postsecondary institutions provide data on six core performance indicators for their career and technical education programs. These indicators are: 1) Technical Skill Attainment; 2) Completions; 3) Persistence and Transfer; 4) Employment; 5) Nontraditional Participation; and 6) Nontraditional Completion. Performance goals are set at the state and local levels and progress is monitored based on a comparison between the actual percentage of students who master each performance area and the negotiated levels of performance Chaffey College Performance on Core Indicators The table below displays negotiated and actual core performance indicator levels for all Chaffey College students classified under the Accounting TOP code. Chaffey students achieved above district and state negotiated levels on Core Indicators 1, 2, 5a, and 5b. Core Performance Indicators Negotiated Level State District Chaffey College Performance Percent Above or Below District Negotiated Level Accounting Core 1 Technical Skill Attainment 88.82% 88.82% 9.88% 2.1 Core 2 Completions- Credential, Certificate, Degree, or Transfer Ready 8.93% 76.88% 84.6% 7.2 Core 3 Persistence and Transfer 85.86% 85.86% 84.13% -1.7 Core 4 Employment 81.48% 81.48% 73.74% -7.7 Core 5a Non-traditional Participation 22.8% 2.53% 35.4% 14.5 Core 5b Non-traditional Completions 25.% 22.75% 36.84% 14.1 Source: CA Community Colleges Reporting Services, Accounting, College Core Indicator Information by 6-Digit TOP ( Fiscal Year Planning). Accounting Needs Assessment Page 2

21 Map of Selected Regional Employers and Competitor Institutions Accounting and Bookkeeping Services is the top industry employer of Accountants and Auditors in the state of California. Accounting and Auditing is, by far, the largest Accounting-related occupational field. Across the four counties of interest, there are 11,232 industry employers listed by the California Labor Market (6,992 in Los Angeles, 2,518 in Orange, 875 in Riverside, and 847 in San Bernardino ). This map illustrates the location of a random selection of 2.5% of all Accounting and Bookkeeping Service employers. Also included in the map are the locations of Chaffey College and other competitor institutions offering degrees or certificates in Accounting. Accounting Needs Assessment Page 21