INTRODUCTION TO
ACCOUNTING I
ACNT 1303
Instructor: _____________________________
Phone:
____________________________
Email:
____________________________
Office: ________ Fax: ___________________
Prerequisite:
None
Materials Needed:
College Accounting, 19th Edition, by Heintz & Parry, Published by Thompson Learning
Using Peachtree Complete by Owen, 2009/3rd Edition, Published by Thompson Learning
Course Description and Objectives
This course is a study of analyzing, classifying, and recording business transactions in a manual
and computerized environment. Emphasis is on understanding the complete accounting cycle
and preparing financial statements, bank reconciliations, and payroll. This course also includes
accounting for notes, deferrals and accruals, receivable and payables, inventory and plant assets.
This course is designed for non-accounting majors. Accounting majors and transfer students
should enroll in ACCT 2401.
Instructional Methodology
The objective of this course will be met by incorporating a variety of instructional methods.
These methods include lecture, group activities, class quizzes, class exercises, problem solving
and computerized accounting software package activities.
Learning Outcomes
Upon the completion of this course, the student should be able to



Define accounting terminology.
Analyze and record business transactions in a manual and computerized environment.
Complete the accounting cycle.


Prepare financial statements.
Apply accounting concepts related to cash and payroll, receivables, payables, inventory
and plant assets.
Skills and Competencies
In order to realize the outcomes above, it will be necessary for the student to meet the following
skills and competencies.
1. Apply basic accounting concepts and terminology.
2. Demonstrate the use of decision making and problem solving skills to classify, and record
business transactions in a general journal.
3. Demonstrate the effects of transaction on the accounting equation.
4. Prepare an income statement, statement of owner’s equity, and balance sheet.
5. Prepare a worksheet, adjusting and closing entries and trial balance.
6. Prepare and maintain special purpose journals.
7. Calculate and record depreciation of plant assets.
8. Prepare bank reconciliation.
9. Determine and record uncollectible accounts receivable.
10. Interpret and record payroll and payroll taxes.
11. Allocate material and facility resources by summarizing and reporting financial information
to prepare a classified income statement and balance sheet from a worksheet.
12. Use a computer to apply technology and demonstrate proficiency in completing an
accounting cycle.
Statement of Workplace and Foundation Competencies (SCANS Skills)
The Lone Star College System is committed to prepare you with the knowledge and skills you
need to succeed in today’s dynamic work environment. Towards this end, the following
workplace competencies and foundation skills have been designed into the curriculum for this
course:
Common Workplace Competencies:
Manage Resources:
Allocates time (C1), and Allocates material resources
(C3)
Manage Information:
Acquires and evaluates information (C11), Interprets and
communicates information (C13), and Uses computer to
process information (C14)
Uses Systems and Technology:
Monitors and corrects performance (C16), and Applies
technology to task
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Foundation Skills:
Demonstrates Basic Skills:
Reading (F1), Writing (F2), Arithmetic (F3), Mathematics
(F4), and Listening (F5)
Demonstrates Thinking Skills:
Decision making (F8), Problem solving (F9), Seeing
things in the mind’s eye (F10), and Reasoning (F12)
Means of Assessment
Means of Assessment will be determined by your instructor. Please see the attached Syllabus
Addendum if your instructor has provided one.
Evaluation Policies and Procedures
Your instructor will supply detailed testing and grading procedures. If you stop attending class,
you must withdraw at the Admissions Office before the official drop date. Failure to do so will
result in a grade of ‘F’ for the course.
Attendance and Participation Policies
Class attendance is important. Generally, the course material is covered in the textbooks;
however, lectures and small group exercises augment and clarify the textbook material. You are
encouraged to get to know your fellow students in order to have a source for lecture notes and
handouts if you cannot attend a class session.
Students are expected to assume the responsibility for learning. Your instructor will assist you,
but the actual responsibility rests with you. Students are also expected to devote their energy to
attaining the skills and knowledge required for their particular career goals.
The Lone Star College System Policy & Procedure Manual [Student Conduct, Section 562.0ld]
states, “Disruptive activity that hinders other students’ learning or deters an instructor from
effective teaching will not be tolerated under any circumstances.”
To provide an equal-opportunity learning situation for all students enrolled in this class, children
are not allowed in the labs or classrooms.
Academic Integrity
The college’s academic integrity policy states, the Lone Star College System is committed to a
high standard of academic integrity in the academic community. In becoming a part of the
academic community, students are responsible for honesty and independent effort. Failure to
uphold these standards includes, but is not limited to, the following:
1.
2.
3.
4.
Plagiarizing written work projects.
Cheating on exams or assignments.
Collusion on an exam or project.
Misrepresentation of credentials or prerequisites when registering for a course.
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Virus Protection.
The college will not be held liable for any corruption of data caused by virus contamination. The
college computers are regularly screened and are protected against computer viruses to the best
of our ability. However, we do not guarantee that viruses do not exist on our systems. Procedures
are in place in all labs for you to scan your diskettes. It is your responsibility to protect your data
from corruption due to viruses.
Student Services
Library
The Library at each college provides print and non-print resources and services for students. The
materials have been selected to serve the curricular, vocational, and recreational needs of the
college community. Each college Library provides computer access to a variety of information in
electronic form including bibliographic indexes to journals, Internet resources, and multimedia
publications.
Learning Support Centers
Learning Support Center at each college provides print and audio-visual materials as well as
tutorial assistance and computer labs for students who need academic support services.
Materials from other disciplines are available in each center including reading, writing, math and
college study skills.
Internet & E-mail
The Lone Star College System provides computing and network resources to students. Students
are encouraged to use the computers, software packages, and electronic mail (e-mail), for
educational or System-related activities and to facilitate the efficient exchange of useful
information. However, the equipment, software and network capacities provided through
the System computer services are and remain the property of the System, and access may be
denied to any student who fails to comply with the System’s policies and procedures regarding
its use.
Access to the System’s e-mail and similar electronic communication systems are a privilege and
certain responsibilities accompany that privilege. system users are expected to demonstrate the
same level of ethical and professional manner, as is required in face-to-face or written
communications. Anonymous or forged messages will be treated as a violation of this policy.
Equal Opportunity Statement
It is the policy of the Lone Star College System to provide equal employment, admission and
educational opportunities without regard to race, color, religion, national origin, sex, age or
disability.
The Lone Star College System strives to provide an excellent learning environment free from
harassment or intimidation directed at any person’s race, color, religion, national origin, sex, age,
or disability. Any form of harassment will not be tolerated.
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ADA Statement
The Lone Star College System is dedicated to providing the least restrictive learning
environment for all students. The college system promotes equity in academic access through
the implementation of reasonable accommodations as required by the Vocational Rehabilitation
Act of 1973, Title V, Section 504 and the Americans with Disabilities Act of 1990 (ADA) which
will enable students with disabilities to participate in and benefit from all post-secondary
educational activities.
If you require reasonable accommodations because of physical, mental, or learning disability,
please notify the instructor of this course as soon as possible and preferably before the end of the
first two weeks of class to arrange for reasonable accommodations.
Guaranteed Graduate Policy
The Lone Star College System guarantees that graduates of its Associate of Arts, Associate of
Science, or Associate of Applied Science and all Certificate programs, will provide under certain
circumstances, additional education and training tuition free to students lacking appropriate
master of specified competencies.
Drops/Excessive Absences:
Under Section 51.907 of the Texas Education Code, "an institution of higher education may not
permit a student to drop more than SIX courses, including any course a transfer student has
dropped at another Texas public institution of higher education." This statute was enacted by the
State of Texas in Spring2007 and applies to students who enroll in a public institution of higher
education as first-time freshmen in the Fall 2007 semester or later. Students enrolled prior to Fall
2007 are not affected. Any course that a student drops is counted toward the six-course limit
unless the student is completely withdrawing from the institution or meets one of the eligible
criteria for a waiver. A "drop" in this instance is considered when a student is dropped or
withdrawn from a course after official day resulting in a grade of "W." Please refer to the catalog
for any additional information regarding the eligible criteria for a waiver.
For additional information, refer to the Lone Star College System catalog.
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