Prepare and explain adjusting entries and adjusted trial balance

Hybrid (Course that meets every week face-to-face and assignments are done virtually) Meeting Days
Tuesdays
Meeting Times
6:00PM - 7:50PM
Meeting Location
Stafford Learning HUB Room 318

ACCT 2301 - Principles of Financial Accounting
Credits: 3 (3 lecture). This course covers the fundamentals of financial accounting, including
double-entry accounting and the accounting cycle. Other topics include cash, receivables, inventories, plant assets, liabilities, partnerships, corporation, investments, statements of cash flows and interpretation of financial statements.

1. Students will be able to read, listen, speak, and write proficiently in preparation for presentations with clients, accounting firms, and compliance work.

Upon successful completion of this course, students will:

1. Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.

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

Identify the difference between accrual and cash basis accounting.

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Prepare adjusting entries and close the general ledger

1. Prepare and explain adjusting entries and adjusted trial balance
2. Describe and prepare closing entries
3. Prepare a post-closing trial balance

Describe the conceptual differences between International Financial Reporting Standards and the U.S. generally accepted accounting principles.

1. Describe the Generally Accepted Accounting Principles
2. Describe the responsibilities of the Securities and Exchange Commission(SEC) and the Financial Accounting Standard Board(FASB)
3. Describe the International Financial Reporting Standards (IFRS) and responsibilities of the International Accounting Standards Board (ISAB).

During the course, Instructors reserve the right to withdraw students from the course due to excessive non-participation in-class assignments or activities.

Active participation is based upon ATTEMPTING AND SUBMITTING Connect assignments for grading. Your instructor will continuously monitor the number of SUBMITTED assignments and your grade average.

Program-Specific Student Success Information

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Textbook Pricing Options are below

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If may buy the book from any other source but you will have to purchase the Connect code separately from McGraw-Hill.

Temporary Free Access to E-Book
Here is the link to get temporary free access to a digital version of the text for fourteen days:

Academic Integrity

Here’s the link to the HCC information about academic integrity (Scholastic Dishonesty and Violation of Academic Scholastic Dishonesty and Grievance):

All students in HCC courses are required to follow all HCC Policies & Procedures, the Student Code of Conduct, the Student Handbook, and relevant sections of the Texas Education Code when interacting and communicating in a virtual classroom with faculty and fellow students. Students who violate these policies and guidelines will be subject to disciplinary action that could include denial of access to course-related email, discussion groups, and chat rooms or being removed from the class. As your instructor and as a student in this class, it is our shared responsibility to develop and maintain a positive learning environment for everyone. Your instructor takes this responsibility very seriously and will inform members of the class if their behavior makes it

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Devices

1. Connect Tablet App-Instructors and students can now access Connect via any tablet browser and save the web application to their tablet home screen. Our new tablet browser access also supports pinch-zoom-pan capabilities, which improve students' ability to complete even more of their Connect assignments on a tablet.

Faculty-Specific Information Regarding Canvas

This course section will use Canvas () to supplement in-class assignments, exams, and activities.

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Student Services

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Campus Carry Link

Here’s the link to the HCC information about Campus Carry:

Ability Services

HCC strives to make all learning experiences as accessible as possible. If you anticipate or experience academic barriers based on your disability (including long and short term conditions, mental health, chronic or temporary medical conditions), please meet with a campus Abilities Counselor as soon as possible in order to establish reasonable accommodations. Reasonable accommodations are established through an interactive process between you, your instructor(s) and Ability Services. It is the policy and practice of HCC to create inclusive and accessible learning environments consistent with federal and state law. For more information, please go to

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Canvas is HCC’s Learning Management System (LMS), and can be accessed at the following URL:

HCCS Open Lab locations may be used to access the Internet and Canvas. For best performance, Canvas should be used on the current or first previous major release of Chrome, Firefox, Edge, or Safari. Because it's built using web standards, Canvas runs on Windows, Mac, Linux, iOS, Android, or any other device with a modern web browser.

Look in Canvas for the scoring rubrics for assignments, samples of class assignments, and other information to assist you in the course.

Instructor and Student Responsibilities

Read and comprehend the textbook

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EGLS3

If you are experiencing any hardship related to food, shelter, mental health, or other basic needs areas, please visit the Basic Needs page for resources (). You have the option to take the Basic Needs Questionnaire and ask to be contacted by a counselor for additional assistance or support
(). Furthermore, please notify the professor if you are comfortable doing so.

Student Resources

Supplementary Instruction

Supplemental Instruction is an academic enrichment and support program that uses peer-assisted study sessions to improve student retention and success in historically difficult courses. Peer Support is provided by students who have already succeeded

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Safe, face-to-face course with scheduled dates and times

Online on a Schedule (WS)

Course that meets safely 50% face-to-face and 50% virtually

Hybrid Lab (HL)

"Unauthorized disclosure" occurs when any student provides instructional materials and/or assessments to other students in violation of a clear prohibition by the instructor. Examples include: posting assessment items to online sites such as Chegg or CourseHero; asking exam questions in forums like Reddit or Yahoo Answers; discussions of confidential question using Wechat or GroupMe, etc.

Information for Majors

The Accounting program administers curricula consisting of four (4) awards: (1) Accounting AAS (2) Accounting Certificate Level 1 (3) Accounting- Payroll Specialist - Certificate Level 1 and (4) Forensic Accounting & Fraud Examination - Enhanced Skills Certificate.

Accounting- Payroll Specialist - Certificate Level 1 award prepares students to become payroll coordinators, payroll specialists, and payroll managers.

Forensic Accounting & Fraud Examination - Enhanced Skills Certificate prepares students to become forensic accountants, fraud accountants, and fraud examiners. HCC departmental student organizations