Spring 2020 Course Syllabus
Course: ACCT-2301- Section: 01
Principles of Financial Accounting I 		LSCPA Logo Image
Instructor Information
Instructor Lisa Badua
E-mailbadual@lamarpa.edu
Phone(409) 984-6418
Office
Location:Umphrey Industrial Technology Center - Room: 201 A
Hours:by appointment
Department
Business and Industrial Technology
Chair:Sheila Guillot
E-mail:guillsr@lamarpa.edu
Phone:(409) 984-6381

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.
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).
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 the 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 shareholder's equity.
6. Analyze and interpret financial statements using financial
analysis techniques.
7. Describe the concept differences between International
Financial Reporting Standards and U.S. generally accepted
accounting principles.
Core Objectives Communication skills:    Students will demonstrate effective written, oral and visual communication.
Critical Thinking Skills:    Students will engage in creative and/or innovative thinking, and/or inquiry, analysis, evaluation, synthesis of information, organizing concepts and constructing solutions.
Empirical and Quantitative Skills:    Students will demonstrate applications of scientific and mathematical concepts.
Teamwork:    Students will demonstrate the ability to work effectively with others to support a shared purpose or goal and consider different points of view.
Social Responsibility:    Students will demonstrate intercultural competency and civic knowledge by engaging effectively in local, regional, national and/or global communities.
Personal Responsibility:    Students will demonstrate the ability to connect choices, actions and consequences to ethical decision-making.
Program Student Learning Outcomes
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, 14/E, by Jeffrey Slater, 14th edition, Prentice Hall, ISBN: 978-0-13-472931-2.

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.
Lecture Topics
Outline		 (based on curriculum, not on calendar dates)
Week 1 Course Introduction, Syllabus Test, and Course Pretest
Week 2 Chapter 1: Accounting Concepts and Procedures
Week 3 Chapter 2: Debits and Credits
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 Chapter 6: Banking Procedure and Control of Cash
Week 8 Chapter 7: Calculating Pay and Payroll Taxes:
Week 9 Chapter 7: Calculating Pay and Payroll Taxes:
Week 10 Chapter 8: Paying, Recording, and Reporting Payroll
Week 11 Chapter 9: Sales and Cash Receipts
Week 12 Chapter 10:Purchases and Cash Payments
Week 13 Chapter 11:Preparing a Worksheet for a Merchandise Company
Week 14 Chapter 12:Completion of the Merchandise Company
Week 15 Review and Final
Major Assignments
Schedule		 (based on curriculum, not on calendar dates)
Week 1 Course Introduction, Syllabus Test, and Course Pretest
Week 2 Chapter 1: Exercises Set A; Problems Set A
Week 3 Chapter 2: Exercises Set A; Problems Set A
Week 4 Chapter 3: Exercises Set A; Problems Set A
Week 5 Chapter 4: Exercises Set A; Problems Set A
Week 6 Chapter 5: Exercises Set A; Problems Set A
Midterm 1
Week 7 Chapter 6: Exercises Set A; Problems Set A
Week 8 Chapter 7: Exercises Set A; Problems Set A
Week 9 Chapter 7: Exercises Set A; Problems Set A
Week 10 Chapter 8: Exercises Set A; Problems Set A
Midterm 2
Week 11 Chapter 9: Exercises Set A; Problems Set A
Week 12 Chapter 10: Exercises Set A; Problems Set A
Week 13 Chapter 11: Exercises Set A; Problems Set A
Week 14 Chapter 12: Exercises Set A; Problems Set A
Week 15 Reviews and Comprehensive Final
Final Exam Date May 8, 2020 - 8:00 AM   Through  May 8, 2020 - 10:30 AM
Grading Scale 90 - 100 = A 80 - 89 = B 70 - 79 = C 60 - 69 = D Below 59 = F
Determination of
Final Grade		 Midterm Tests 40% (2 tests*20%)
Quizzes, project & Homework 35%
Final Exam 25%
Course Policies
Instructor Policies I will not discuss your grades over the phone or by email. If you want to discuss your grades, you must do it face-to-face.
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.
The instructor reserves the right to drop any student missing more than two weeks of class.
Surprise quizzes may be given at any time of the class period. Students coming in to class late will not be allowed to take quizzes already turned in. A grade of zero will be recorded for the quiz.
Tardiness is not acceptable. Frequent tardiness to class will result in a meeting between the student and instructor. Continued tardiness will result in a ten-point penalty on the student's final course grade.
Leaving class early is considered absence from that class.
Homework assignments are due at the beginning of each class, and solutions to them are discussed immediately after. Students submitting homework assignments after discussion on the solution has begun will receive a zero for that homework.
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.
Academic Honesty Academic honesty is expected from all students, and dishonesty in any form will not be tolerated. Please consult the LSC-PA policies (Section IX, subsection A, in the Faculty Handbook) for consequences of academic dishonesty.
Facility Policies
  1. No food or tobacco products are allowed in the classroom.

  2. Only students enrolled in the course are allowed in the classroom, except by special instructor permission.

  3. Use of electronic devices is prohibited.
Important Information
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.
MyLamarPA Be sure to check your campus E-mail and Course Homepage using MyLamarPA campus web portal (My.LamarPA.edu). When you've logged in, click the email icon in the upper right-hand corner to check email, or click on the "My Courses" tab to get to your Course Homepage. Click the link to your course and review the information presented. It is important that you check your email and Course Homepage regularly. You can also access your grades, transcripts, and determine who your academic advisor is by using MyLamarPA.
Other
HB 2504 This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.