District Syllabus
Financial Accounting Principles

Credit Hours: 3
Contact Hours: 3
Laboratory Fee: None.
Prerequisites: There are no prerequisites for this course.
Corequisites: There are no corequisites for this course.
Catalog Description:
This course approaches accounting as an information or decision 
support system.  Emphasis is placed on the analysis of business 
transactions and the evaluation of their effect on the operation of 
the enterprise.  The method of instruction is shifted from "how to 
it" to "why it is done and what it means."  The basic logic and 
principles associated with preparation and/or critical evaluation of 
accounting information will also be addressed.
Required Materials: Books:
  • Needles. Financial & Managerial Accounting Custom Package, 9th ed., Cengage, 2011. ISBN: 9781133800804
Supplemental Materials: Additional materials may be assigned by the instructor to supplement the required materials. -->
Special Requirements: None
Program Learning Outcomes:
Upon successful completion of the program students will:

  • Analyze business activities and record accounting transactions using journal entries with equal debits and credits.
  • Analyze general ledger accounts and prepare necessary end-of- period adjusting entries.
  • Prepare an income statement, statement of owner’s/stockholder's equity, and balance sheet.
  • Prepare a statement of cash flows.
  • Demonstrate competency in utilizing accounting software to complete the accounting process.
  • Course Learning Outcomes:
    1. Define terms
    2. Prepare financial statements
    3. Analyze financial statements
    Methods of Evaluation:
    Evaluation of student progress towards achieving the stated learning 
    outcomes and performance objectives is the responsibility of the 
    instructor, within the policies of the college and the department.  
    Detailed explanation is included in the expanded syllabus developed 
    by the instructor for each section being taught.
    Evaluation of achievement shall be based on tests, quizzes, case 
    analyses, and other factors determined by the instructor.  The 
    methods and components of evaluation, and the grading scale will be 
    distributed during the first week of class.
    Flexibility: It is the intention of the instructor to accomplish the objectives specified in the course syllabus. However, circumstances may arise which prohibit the fulfilling of this endeavor. Therefore, this syllabus is subject to change. When possible, students will be notified of any change in advance of its occurrence.

    Student Email Accounts: Pensacola State College provides an institutional email account to all credit students. Pirate Mail is the official method of communication, and students must use Pirate Mail when communicating with the College. In cases where companion software is used for a particular class, emails may be exchanged between instructor and student using the companion software.

    Note: For students with a disability that falls under the Americans with Disability Act or Section 504 of the Rehabilitation Act, it is the responsibility of the student to notify Student Resource Center for ADA Services to discuss any special needs or equipment necessary to accomplish the requirements for this course. Upon completion of registration with the Student Resource Center for ADA Services office, specific arrangements can be discussed with the instructor.

    Equity Statement: Pensacola State College does not discriminate against any person on the basis of race, ethnicity, national origin, color, gender/sex, age, religion, marital status, pregnancy, disability, sexual orientation, gender identity, or genetic information in its educational programs, activities or employment. For inquiries regarding Title IX and the college’s nondiscrimination policies, contact the Associate Vice President for Institutional Diversity/Title IX Officer at (850) 484-1759, Pensacola State College, 1000 College Blvd., Pensacola, Florida 32504.