Fall 2022 Course Syllabus
Course: ACCT-2301 (Section: 01, CRN: 90257)
Principles of Financial Accounting 		LSCPA Logo Image
Instructor Information
Instructor Tamalla Jones
Email greentd1@lamarpa.edu
Phone (409) 984-6381
Office Umphrey Industrial Technology Center - Room: 201
Office Hours None
Additional Contact Information
Course Information
Description This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders' equity to communicate the business entity's results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners' equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS).
Required Textbooks Textbook Purchasing Statement: A student attending Lamar State College Port Arthur is not under any obligation to purchase a textbook from the college-affiliated bookstore. The same textbook may also be available from an independent retailer, including an online retailer.

College Accounting, A Practical Approach plus MyAccounting Lab with Pearson e-Text— access Card Package, 14/E, by Jeffrey Slater, 14th edition, Prentice Hall, ISBN: 9780134833187. Pocket Calculator, Pencil, loose-leaf paper.
Additional Materials/Resources None.
Corequisites/Prerequisites None
Learning Outcomes
  1. Define accounting terminology, list the functions of accounting, and record transactions inthe basic accounting equation.  Measured by embedded questions in tests or quizzes. 
  2. Develop and communicate the application of problem solving skills in routine and non- routine accounting transaction such as preparing income statements, balance sheets, T-accounts, trial balance, journalizing, worksheets, adjusting entries, closing entries, reconciling a bank statement, calculating gross pay, payroll taxes, and preparing Forms W-2, W-3, 941 and 940. Measured by embedded questions in test, quizzes, and homework)
  3. Gain a working knowledge of how revenue, expenses, and withdrawals expand the basic accounting equation. Measured by embedded questions in tests, homework, and quizzes.
  4. Recognize, solve, and apply accounting transactions using (GAAP) Generally Accepted Accounting Principles. Measured by embedded questions in test, quizzes, and homework.
Core Objectives

Critical Thinking Skills – Uses creative thinking, innovation, inquiry and analysis, evaluation and synthesis of information.

Communication Skills – Demonstrates effective development, interpretation and expression of ideas through written, oral and/or visual communication.

Empirical and Quantitative Skills – Applies the manipulation and/or analysis of numerical data or observable facts resulting in informed conclusions.
Lecture Topics Outline
Chapter 1:        Accounting Concepts and Procedures
Chapter 2:        Debits and Credits: Analyzing and Recording Business Transactions
Chapter 3:        Beginning the Accounting Cycle
Chapter 4:        The Accounting Cycle Continued
Chapter 5:        The Accounting Cycle Completed
Chapter 6:        Banking Procedure and Control of Cash
Chapter 7:       Calculating Pay and Payroll Taxes: The Beginning of the Payroll Process
Chapter 8:        Paying, Recording, and Reporting Payroll and Payroll Taxes:
                            The Conclusion of the Payroll Process
Chapter 9:        Sales and Cash Receipts
Chapter 10:      Purchases and Cash Payments
Chapter 11:      Preparing a Worksheet for a Merchandise Company
Chapter 12:      Completion of the Accounting Cycle for a Merchandise Company
Major Assignments Schedule Week 1            Course Introduction
Week 2            Chapter 1:        Accounting Concepts and Procedures
Week 3            Chapter 2:        Debits and Credits: Analyzing and Recording Business Transactions
Week 4            Chapter 3:        Beginning the Accounting Cycle
(Monday Sept. 12, 2022 at 12:00 am Exam 1 Chapters 1-3 Available to Students)
Week 5            Chapter 4:        The Accounting Cycle Continued
(Monday Sept.  19, 2022 at 11:59 pm Exam 1 Chapters 1-3 Due)
Week 6            Chapter 5:        The Accounting Cycle Completed
Week 7            Chapter 6:        Banking Procedure and Control of Cash
Week 8            Chapter 7:        Calculating Pay and Payroll Taxes: The Beginning of the Payroll Process
(Monday Oct. 10, 2022 at 12:00 am Exam 2 Chapters 4-6 Available to Students)
Week 9            Chapter 8:        Paying, Recording, and Reporting Payroll and Payroll Taxes:
The Conclusion of the Payroll Process
(Monday Oct. 17, 2022 at 11:59 pm Exam 2 Chapters 4-6 Due)
Week 10           Chapter 9:        Sales and Cash Receipts
Week 11          Chapter 10:      Purchases and Cash Payments
Week 12          Chapter 11:      Preparing a Worksheet for a Merchandise Company
(Monday Nov. 07, 2022 at 12:00 am Exam 3 Chapters 7-9 Available to Students)
Week 13          Chapter 12:      Completion of the Accounting Cycle for Merchandise Company
(Monday Nov. 14, 2022 at 11:59 pm Exam 3 Chapters 7-9 Due)    
Week 14          Review
Week 15          (Monday Nov. 28, 2022 at 12:00 am Final Exam Chapters 10-12 Available to Students)
Week 16         Final Exam (Monday Dec. 05, 2022 at 11:59 pm Final Exam Chapters 10-12 Due)
Final Exam Date December 6, 2022 - 8:0 AM   Through  December 6, 2022 - 10:0 AM
Grading Scale  90 - 100=A 80 - 89=B  70 - 79=C   60 - 69=D  Below 59 = F
Determination of
Final Grade		 Exams                                                           65%
Homework                                                     35%
Course Policies
Instructor Policies

Homework:

Homework will be administered through myaccountinglab. There is a link to the website provided in blackboard. The homework will be graded and it is a requirement for this course. I will average all your homework grades together from myaccountinglab and it will count as one grade. There will be no makeup or late homework accepted for any reason.
 

Make-Up Work and Exams:

 
All exams will be administered on the regular scheduled test dates. All exams will be administered thru blackboard by clicking on the Exam Link. Under no circumstances will an absence, for any reason, excuse the students from completing all exams assigned in the course. Exams usually include multiple choice, problems, and True/False questions. Some exams may consist of completing a problem at the end of the chapter and you will be given one and a half hour (90 minutes) to take your exam.
 
As a word of precaution, please do not use mobile or wireless devices for exams.
 
Exams are scheduled as noted on your Course Calendar. There will be no makeup or late Exams accepted for any reason.  You will be given approximately one week to take the exam. You will have only one attempt at the exam. If you miss any exams, those exams will be given a grade of zero. Please speak with me if you know in advance that you will be missing any exams.
 
Allstudentsmusttaketheexamonthescheduleddateandtime,andfailuretodosowillresultin a “0” on the final exam.
 
Every student MUST have a copy of the required textbooks by the second week of class. The student will still be responsible for any assignments given. Failure to have a text may result in being dropped from the class.
 
A failure to follow instructions (written or oral) will result in penalties.
Students should keep a record of their grades/average. Instructor(s) will not average grades for students. Instructors do not “drop” grades.
 
Attendance Policy Poor attendance is a leading reason for termination from a job in all areas of employment. With this factor in mind, the instructor monitors student attendance daily. In addition, attendance on a regular basis is necessary for proper skill development.
 
Students are responsible for completing all assigned homework, including reading assignments, by the required due dates and for being prepared for each class meeting. This applies even if you were absent from the previous class meeting.
Additional Information
Institutional Policies
MyLSCPA Be sure to check your campus email and Course Homepage using MyLSCPA campus web portal. You can also access your grades, transcripts, academic advisors, degree progress, and other services through MyLSCPA.
Academic Honesty Academic honesty is expected from all students, and dishonesty in any form will not be tolerated. Please consult the LSCPA policies (Academic Dishonesty section in the Student Handbook) for consequences of academic dishonesty.
ADA Considerations The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the the Office for Disability Services Coordinator, Room 231, in the Madison Monroe Building. The phone number is (409) 984-6241.
COVID 19 Information The Lamar State College Port Arthur (LSCPA) Student Code of Conduct COVID 19 Policy requires students who have been exposed to COVID 19 or diagnosed with COVID 19 to report their condition on the COVID 19 Notification Form (available via a link on the Student Code of Conduct COVID19 webpage). This information will be provided to the Dean of Student Services. In addition, this policy requires all students to wear face coverings in compliance with the criteria included in the policy. For more information please refer to the COVID 19 link on the LSCPA website.
Facility Policies No food or tobacco products are allowed in the classroom. Only students enrolled in the course are allowed in the classroom, except by special instructor permission. Use of electronic devices is prohibited.
HB 2504 This syllabus is part of LSCPA's efforts to comply with Texas House Bill 2504.
Mandatory Reporting of Child Abuse and Neglect As per Texas law and LSCPA policy, all LSCPA employees, including faculty, are required to report allegations or disclosures of child abuse or neglect to the designated authorities, which may include a local or state law enforcement agency or the Texas Department of Family Protective Services. For more information about mandatory reporting requirements, see LSCPA's Policy and Procedure Manual.
Title IX and Sexual Misconduct LSCPA is committed to establishing and maintaining an environment that is free from all forms of sex discrimination, including sexual harassment, sexual violence, and other forms of sexual misconduct. All LSCPA employees, including faculty, have the responsibility to report disclosures of sexual misconduct, including sexual harassment, sexual assault (including rape and acquaintance rape), domestic violence, dating violence, relationship violence, or stalking, to LSCPA's Title IX Coordinator, whose role is to coordinate the college's response to sexual misconduct. For more information about Title IX protections, faculty reporting responsibilities, options for confidential reporting, and the resources available for support visit LSCPA's Title IX website.
Clery Act Crime Reporting For more information about the Clery Act and crime reporting, see the Annual Security & Fire Safety Report and the Campus Security website.
Grievance / Complaint / Concern If you have a grievance, complaint, or concern about this course that has not been resolved through discussion with the Instructor, please consult the Department Chair.
Department Information
Business and Industrial Technology
Chair:Sheila Guillot
Email:guillsr@lamarpa.edu
Phone:(409) 984-6381