Spring 2025 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) 984-6507
Office Umphrey Industrial Technology Center - Room: 201F
Office Hours Mondays: 8-9am; 11am-1pm
Tuesdays: 8-9:30am
Wednesdays: 8-9am; 10am-1pm
Thursdays:  8-9:30am
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, Chapters 1-30 (Looseleaf) - With Access 

    Looseleaf

    by Price, John Ellis ISBN: 9781264520169 - 17TH Edition
Additional Materials/Resources Hand Held Calculator 
Pencil
Corequisites/Prerequisites None
Learning Outcomes Upon successful completion of this course, students will:
Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment. Identify the difference between accrual and cash basis accounting.
Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
Prepare adjusting entries and close the general ledger.
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.
Analyze and interpret financial statements using financial analysis techniques.
Describe the conceptual differences between International Financial Reporting Standards and U.S. generally 
Core Objectives
* Communication skills: Students will demonstrate effective written, oral and/or 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.
 

Lecture Topics Outline Chapter 1- Accounting: The Language of Business 
Chapter 2- Analyzing Business Transactions
Chapter 3- Analyzing Business Transactions Using T Accounts
Chapter 4- The General Journal and the General Ledger 
Chapter 5- Adjustments and the Worksheet
Chapter 6-Closing Entries and the Post-closing Trial Balance
Chapter 7-Accounting for Sales and Accounts Receivables
Chapter 8- Account for Purchases and Accounts Payable
Chapter 9- Cash Receipts, Cash Payments, and Banking Procedures
Chapter 10- Payroll Computations, Records, and Payment
Chapter 11-Payroll Taxes, Deposits, and Reports
Chapter 12-Accurals, Deferrals, and the Worksheet
Chapter 13- Financial Statements and Closing Procedures
Major Assignments Schedule Week 1: Chapter 1- Accounting: The Language of Business 
Week 2: Chapter 2- Analyzing Business Transactions
Week 3: Chapter 3- Analyzing Business Transactions Using T Accounts
Week 4: Exam #1 Chapters 1-3 Monday February 10, 2025
               Chapter 4- The General Journal and the General Ledger
Week 5: Chapter 4- The General Journal and the General Ledger / Chapter 5- Adjustments and the Worksheet
Week 6: Chapter 5- Adjustments and the Worksheet / Chapter 6-Closing Entries and the Post-closing Trial Balance
Week 7: Chapter 6-Closing Entries and the Post-closing Trial Balance
               Exam #2 Chapters 4-6 Wednesday March 5, 2025
Week 8: No Classes/Spring Break
Week 9: Chapter 7-Accounting for Sales and Accounts Receivables
Week 10: Chapter 8- Account for Purchases and Accounts Payable
Week 11: Chapter 9- Cash Receipts, Cash Payments, and Banking Procedures
Week 12: Exam #3 Chapters 7-9 Monday April 7,2025
                Chapter 10- Payroll Computations, Records, and Payment
Week 13: Chapter 10- Payroll Computations, Records, and Payment / Chapter 11-Payroll Taxes, Deposits, and Reports
Week 14: Chapter 11-Payroll Taxes, Deposits, and Reports / Chapter 12-Accurals, Deferrals, and the Worksheet
Week 15: Chapter 12-Accurals, Deferrals, and the Worksheet / Chapter 13- Financial Statements and Closing Procedures
Week 16:  Chapter 13- Financial Statements and Closing Procedures 
                 Exam #4 Chapters 10-13 Wednesday May 7, 2025
Week 17: Final Exam Monday May 12, 2025
Final Exam Date May 12, 2025 - 12:1 AM   Through  May 12, 2025 - 11:59 PM
Grading Scale
 90 - 100 = A     80 - 89 = B     70 - 79 = C     60 - 69 = D     Below 59 = F
Determination of
Final Grade		 Homework 25%
Quizzes 25%
Exams 25%
Final Exam 25%
Course Policies
Instructor Policies Homework and Quizzes: All homework and quizzes are online through McCraw Hill connect.  Please make sure you can log in through the website incase the link in Blackboard is broken.  All chapter homework and quizzes are open on the first day of the semester and you can work ahead.  NO ASSIGNMENTS will be reopened.  

Exams and Finals: If student needs a different time to take exams, please see instructor.  No exam will be reopened if the exam due date has pasted.  

Dishonest/Cheating: Any student caught cheating or lending their work to another student, both students will receive a zero on the assignment. Any student caught cheating on an exam or final, will receive a "F" for the class.

Announcements:  It is the student's responsibility to check Blackboard for any announcements. 

Blackboard Issues:  Please contact IT at Lamar State College PA.

Extra Credit: No extra credit will be offered in this class.
Attendance Policy This class is on-line.  It is the student's responsibility to make arrangements if they need help.
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 Disability Services Coordinator, Room 117, in the Student Sucess Center. 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