Spring 2024 Course Syllabus
Course: ACCT-2301 (Section: 71Z, CRN: 10220)
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 By Appointment Only
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.

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, 15/E, by Jeffrey Slater and Michael Descamps, 15th edition, Pearson, ISBN: 978013750428-2. 
 


Students will go to the book bundle link to get their code.  Then go find the Pearson link.  Once student has login/register - they'll be prompted for the access code.  On that same page, there is the option for temporary access.  
 
It is all explained in the registration video that I created and we posted in your blackboard. I've put it here below. 
Additional Materials/Resources None
Corequisites/Prerequisites None
Learning Outcomes
  1. Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.  Measured by embedded questions in tests or quizzes and the assessment project.
  2. Identify the difference between accrual and cash basis accounting. Measured by embedded questions in tests or quizzes and the assessment project.
  3. Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).Measured by embedded questions in tests or quizzes and the assessment project.
  4. Prepare adjusting entries and close the general ledger. Measured by embedded questions in tests or quizzes and the assessment project.
  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. Measured by embedded questions in tests or quizzes and the assessment project.
  6. Analyze and interpret financial statements using financial analysis techniques.  Measured by embedded questions in tests or quizzes and the assessment project.
  7. Describe the conceptual differences between International Financial Reporting Standards and U.S. generally accepted accounting principles. Measured by embedded questions in tests or quizzes.
  8.  
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/Chapter 2: Debits and Credits: Analyzing and Recording Business Transactions
Week 3: Chapter 2: Debits and Credits: Analyzing and Recording Business Transactions/ Chapter 3: Beginning the Accounting Cycle
Week 4: Chapter 3: Beginning the Accounting Cycle/Review for Exam #1 (Chapters1-3)

Week 5: Exam #1 (Chapters 1-3); February 12, 2024 / Chapter 4: The Accounting Cycle Continued/ Appendix for Chapter 4 Depreciation
Exam #1 Opens at 12:01 AM on February 12, 2024 and Closes at 11:59 PM on February 12, 2024

Week 6: Chapter 4: The Accounting Cycle Continued/ Appendix for Chapter 4 Depreciation / Chapter 5: The Accounting Cycle Completed
Week 7: Chapter 5: The Accounting Cycle Completed/ Chapter 6: Banking Procedure and Control of Cash
Week 8: Chapter 6: Banking Procedure and Control of Cash / Review for Exam #2 (Chapters 1-6)

Week 9: Exam # 2 (Chapters 4-6); March 18, 2024 /  Chapters 7 & 8: Calculating Pay and Recording Payroll Taxes: The Beginning of the Payroll Process / Paying the Payroll, Depositing Payroll Taxes, and Filing the Required Quarterly and Annual Tax Forms: The Conclusion of the Payroll Process
Exam #2 Opens at 12:01AM on March 18, 2024 and closes 11:59 PM on March 18, 2024

Week 10: Chapters 7 & 8: Calculating Pay and Recording Payroll Taxes: The Beginning of the Payroll Process / 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

Week 11 Chapter 9: Sales and Cash Receipts in a Perpetual Inventory System / Review Exam #3 (Chapters 7-9)

Week 12: Exam #3 (Chapters 7-9); April 8, 2024 / Chapter 10: Purchases and Cash Payments in a Perpetual Inventory System
Exam #3 opens at 12:01 AM on April 8, 2024 and closes on April 8, 2024 at 11:59 PM.

Week 13: Chapter 10: Purchases and Cash Payments in a Perpetual Inventory System / Chapter 11: Preparing a Worksheet for a Merchandise Company using the Perpetual Method
Week 14: 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.

Week 15: Review for Exam #4 (Chapter 10-12A) / Exam #4 (Chapter 10-12A); May 1, 2024
Exam #4 opens at 12:01AM on May 1, 2024 and closes 11:59 PM on May 1, 2024

Week16: Review for Final Exam / Final Exam; May 8, 2024
Final Exam opens at 12:01 AM on May 6, 2024 and closes at 11:59 PM on May 8, 2024
Final Exam Date May 6, 2024 - 12:1 AM   Through  May 8, 2024 - 11:59 PM
Grading Scale 90-100 =  A
80-89 = B
70-79 =C
60-69 = D
59 or below= F

Student must make a 70 (C) or above in order to pass this class. 
Determination of
Final Grade		 Discussion Board  - 10%
Exams - 25%
Homework Problems - 20%
Quizzes - 20%
Final Exam - 25%
Course Policies
Instructor Policies Weekly Homework: Blackboard Ultra
1. Read Chapter for the week.
2. Watch online lecture 
3. Study Key Terms.
4. Work any assignments for that week. 
5. Watch Homework Video
6. Discussion assignment

Classroom:
Although this class is online instruction, all students are responsible for completing assignments and exams by the due date. Once a week a discussion topic will be posted in the Discussion Board.  Student is to respond to the topic.  Failure to do so will result in student making a 0 for that week for discussion board assignment. 
Discussion board grading:
Miss 1-2 weeks- 100
Miss 3 - 90
Miss 4 - 80
Miss 5 - 70
Miss 6 -60
Miss more than 6, 10 points will be taken off per miss week.

Exams: 
Students have 24 hours to take the exams.  All exams are timed. Once you open the exam, you are to complete the exam in one sitting.  Instructor will not reopen any exam unless there is an issue out of control of the student. (example: internet goes down, electric goes out)  If student fails to take the exam, their lowest exam grade will be placed for that exam grade. If student fails to take 2 exams, student will receive a zero. Student missing final will result in a zero. Exams will consist of problems from Pearson's Mylab. All exams must be completed between 12:01am -11:59pm on the day of the exam. 

Late Homework 
Homework and Quizzes are due by the due date in the Pearson Mylab. Students who need more time on an assignment, 25 points will be taken off per day late. .All assignments except Exams and Final are opened on January 16, 2024.  Students may work ahead of schedule but are required to do the discussion questions weekly no matter how far ahead they  work. Reopening assignments after they have closed, is up to the instructor. .  

Books:
Every student must have a copy of the required textbook or E-book as soon as the bookstore has it available.

Failure to follow instructions (written or oral) will result in penalties.

Instructor will put grades into Blackboard. Students should keep a record of their own grades and average. Instructors will not average grades for students.

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 or 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 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.

Pearson Issues: If you have issues with Pearson, student is to call Pearson Tech support.  Please inform your instructor of any delays resulting with Pearson issues. 
Attendance Policy Students must sign into Blackboard at least once a week and email once a day in order to make sure no assignments have changed and to do the discussion questions.  
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