Fall 2024 Course Syllabus
Course: ACCT-2301 (Section: 1H, CRN: 90257)
Principles of Financial Accounting 		LSCPA Logo Image
Instructor Information
Instructor Kellie Buckner
Email bucknerkc@lamarpa.edu
Phone (409) 984-6381
Office Umphrey Industrial Technology Center - Room: 201B
Office Hours Mondays & Wednesdays 8:00am-9:00am; 10:00am-11:00am
Tuesdays & Thursdays 8:00am-11:00am
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 
ISBN: Print - 07980137504282, 0137504284   E-text- 9780137635818
By Jeffrey Slater, Michael Deschamps 15th Edition 
Copyright 2023 with Blackboard Ultra Access ISBN: 9780137504244
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Additional Materials/Resources Hand held Calculator
Corequisites/Prerequisites None
Learning Outcomes Upon successful completion of this course, students will:

1. Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.
2. Identify the difference between accrual and cash basis accounting.
3. Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
4. Prepare adjusting entries and close the general ledger.
5. Prepare financial statements in an appropriate U.S. GAAP format, including the following: income statement, balance sheet, statement of cash flows, and statement of shareholders’ equity.
6. Analyze and interpret financial statements using financial analysis techniques.
7. Describe the conceptual differences between International Financial Reporting Standards and U.S. generally accepted accounting principles.
Core Objectives Upon successful completion of this course, the student will be able to apply:

Critical Thinking Skills - Uses creative thinking, innovation, inquiry and analysis, evaluation and synthesis of information. Creatively identifies problem, argument, or issue (to determine extent of information needed); differentiates the facts from opinions as it relates to situation; constructs possible solutions or prediction or consequences; uses logical, sound reasoning to justify conclusion.

Communication Skills - Demonstrates effective development, interpretation and expression of ideas through written, oral, and/or visual communication. Expresses a strong thesis; organizes information with effective transitions & sequencing of ideas; uses substantial, logical & specific development of ideas; details are relevant, original, credible, and correctly documented when appropriate to show an effective development and interpretation of ideas; and presents ideas in appropriate mode of expression for the task.

Empirical and Quantitative Skills - Applies the manipulation and/or analysis of numerical data or observable facts resulting in informed conclusions. Identifies mathematical or scientific principles needed to complete task; uses mathematical or scientific principles needed to complete task; analyzes how to use the principles; and applies problem-solving skills in mathematical or scientific principles needed to complete the tasks with correct 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/ Appendix for Chapter 4 Depreciation
Chapter 5:        The Accounting Cycle Completed
Chapter 6:        Banking Procedure and Control of Cash
Chapter 7:       Calculating Pay and Recording Payroll Taxes: The Beginning of the Payroll Process
Chapter 8:       Paying the Payroll, Depositing Payroll Taxes, and Filing the Required Quarterly and Annual Tax Forms: The Conclusion of the Payroll Process
Chapter 9:        Sales and Cash Receipts in a Perpetual Inventory System
Chapter 10:      Purchases and Cash Payments in a Perpetual Inventory System
Chapter 11:      Preparing a Worksheet for a Merchandise Company using the Perpetual Method
Chapter 12:      Completion of the Accounting Cycle for a Merchandise Company using the Perpetual Inventory Method / Appendix for Chapter 12 Accounting for Merchandise Inventory using the Periodic Method of Inventory Valuation.
Major Assignments Schedule Week 1:  Syllabus Review / Chapter 1 Accounting Concepts and Procedures
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
Week 5: Chapter 4: The Accounting Cycle Continued
Week 6: Chapter 5: The Accounting Cycle Completed
Week 7: Chapters 1-5 Exam #1 Review and Exam

Chapter 1-5 Exam will be given in class on October 9, 2024

Week 8: Chapter 6: Banking Procedure and Control of Cash 
Week 9: Chapters 7: Calculating Pay and Recording Payroll Taxes: The Beginning of the Payroll Process
Week 10: Chapters 8: Paying the Payroll, Depositing Payroll Taxes, and Filing the Required Quarterly and Annual Tax Forms: The Conclusion of the Payroll Process
Week 11: Chapters 6-8 Exam #1 Review and Exam

Chapter 6-8 Exam #2 will be given in class on November 6, 2024

Week 12: Chapter 9: Sales and Cash Receipts in a Perpetual Inventory System
Week 13: Chapter 10: Purchases and Cash Payments in a Perpetual Inventory System 
Week 14: Chapter 11: Preparing a Worksheet for a Merchandise Company using the Perpetual Method
Week 15: Chapters 9-11 Exam #3 Review and Exam / Final Review

Chapters 9-11 Exam #3 will be given in class on December 4, 2024

Week16: Final Exam

Final Exam will be given in class on December 9, 2024 at 11:00 am
Final Exam Date December 9, 2024 - 11:0 AM   Through  December 9, 2024 - 11:50 AM
Grading Scale  90 - 100=A 80 - 89=B  70 - 79=C   60 - 69=D  Below 59 = F
Determination of
Final Grade		 Homework and Projects 20%
Quizzes 25%
Exams 25%
Final 30%
Course Policies
Instructor Policies Weekly Homework: 
1. Read Chapter for the week.
2. Study Key Terms.
3. Work any assignments for that week. 

Quizzes, Exams and Finals: 
All exams are to be taken in class on paper.  All exams will be done on paper. If you miss an exam, student will get a zero.  Instructor may allow student to take exam early but only if approved by the instructor and it must be taken before the exam due date.  Team sports, club meetings, internships etc. will not be approved.

Assignments:
Instructor will not reopen any assignment after the due date. No late assignments will be accepted.  All assignments not completed will receive a zero for the assignment. All assignments are through blackboard and Pearson.  Instructor opens all assignments and quizzes on the first day of class.  Students may work ahead.  But it is the student's responsibility to know when exams and finals are to be taken.  

Dishonest/Cheating:
1.  Any student caught cheating or lending their work to another student, both students will receive a zero on the assignment.  There is a difference between helping and showing someone how to do the problem and someone giving their assignment to a student to copy. 
 2.  Any student caught cheating on a test or final, will receive a "F" for the course.  

It is student's responsibility to check their email and blackboard ultra once a day for any updates to class schedules or class work. 

Blackboard Issues:
Any log in, passwords, or software problems needs to be resolved by the IT department.  Please inform your instructor of any delays resulting for IT problems that can't be solved by class work deadlines.
Attendance Policy You must show up for class in order to understand the material.  There are in-class projects that will be for grades.  Students who don't show up for class when a class project is done will get a zero on the project.
Additional Information TimelyCare

FREE 24/7 Virtual Care For Students

Lamar State College Port Arthur students have FREE, 24/7 access to virtual care services with TimelyCare — the virtual health and well-being platform from TimelyCare, designed for college students. Students do not need insurance to access TimelyCare services. Download the app here. As part of Lamar State College Port Arthur’s partnership with TimelyCare, students have access to services in TimelyCare, including:

  • TalkNow: 24/7, on-demand emotional support to talk about anything, including anxiety, relationships, depression, and school-related stressors.
  • Scheduled Counseling: Choose the day, time, and mental health provider that best works for you. (9 visits per year)
  • Health Coaching: Develop healthy lifestyle behaviors, including nutrition, sleep habits, time management, and mindfulness.
  • Psychiatry: Appointments are available through referrals.
  • Self-Care Content: Visit the “Explore” page within TimelyCare for guided self-care content, including yoga and meditation sessions, as well as group conversations with our providers on a variety of health and well-being topics.
  • Basic Needs Support: Access to low or reduced-cost community resources, including food and housing assistance, transit support, childcare, and finances.
Students have access to TimelyCare services 365 days a year. That means you have access during breaks, after-hours, and any time you need support! Visit timelycare.com/LSCPA to get started.
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 diagnosed with COVID 19 to report their condition directly to their local health department. Students should also contact their course faculty to report their quarantine status. In addition, this policy requires all students to wear face coverings when directly exposed to COVID 19 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