Department of Accounting and Finance

Principles of ACCT 201

Summer 2020 - Syllabus

Part 1: Course Information

Instructor Information
 Instructor: Muni Kelly
 Office: Location
 Office Hours: Office Hours will be held on Tuesdays and Thursdays
from 11 am to 1 pm via canvas big blue button. To sign up for office
hours, check the course calendar on canvas for open spots. Please
indicate your reasons for the meeting.
 E-mail: muniratu.kelly@morgan.edu

Course Description
 This course is the first in a two-course sequence. It is taught with a
focus on financial accounting practices and techniques. This course
focuses on the nature of accounting, and how decision makers use
accounting information. Students are introduced to the use of
accounting information to describe the economic activities of a
business. The goal is to equip students with tools and knowledge that
will be applicable throughout their professional careers.

Prerequisite
 INSS 141 and MATH 113 with a grade of C or better is required. If you
have not successfully completed the course, you will be
administratively withdrawn.

Textbook & Course Materials

Required Text
 Textbook is customized to Morgan State University based on Edmonds,
C., Edmonds, T., Edmonds, M., Edmonds, J. and Olds, P. (2019).
Introductory financial accounting for business. 1st ed. McGraw-Hill

Morgan State University Page 1

 Education. Customized for Morgan State University. ISBN:
978260299441.
The textbook may be purchased by clicking on any assignment on
canvas.
 McGraw-Hill Connect homework manager access code to go with the
textbook.
 Calculator.

Recommended Texts & Other Readings

 Supplementary materials on learn smart will be assigned
 Other readings will be made available in the Canvas (See Learning
Modules).

Course Requirements
 Internet connection (DSL, LAN, or cable connection desirable)
 Access to Canvas - https://www.morgan.edu/canvasi:
 Access to Library - https://library.morgan.edu/home

Course Structure
This course will be delivered entirely online through the course
management system Canvas. You will use your Morgan Network
account to login to the course from at http://www.morgan.edu/canvas

Technical Assistance
If you experience a problem with a test or assignment, please notify me.
DIT does not change or modify access to Canvas tests or assignments – that
is my responsibility.

If you need technical assistance at any time during the course, you may
contact the Canvas HELP service – this service is available 24 hours a day,
every day, including weekends and holidays. Click the HELP button on your
Canvas Global Navigation bar or:
 https://cases.canvaslms.com/liveagentchat?chattype=student = Chat
 Call 1 (443) 873-0119
 Canvas Information for Students

Morgan State University Division of Information Technology (DIT)

 DIT Website: http://www.morgan.edu/dit
 DIT Service Desk Technology Support 
 Morgan Online Student Technology Information

Morgan State University Page 2

  The DIT Service Desk provides assistance with your Morgan Network
account -- including your user name and password, hardware
configuration problems and software support.  Contact the Service
Desk any time at  443.885.4357 or
visit  https://www.morgan.edu/ servicedesk
Student Disability Support http://www.morgan.edu/sdss

Technology used in this Course

Before you use any course technology, make sure you understand
Morgan’s Acceptable Use Policy, which you can read at
www.morgan.edu/DITpolicies

Technology Accessibility Statement About the Technology

Link
Internet You will need a broadband
connection internet connection to successfully
(DSL, LAN, or use the technology in this course.
cable
connection
desirable)
Canvas Canvas Accessibility Canvas is Morgan State
Learning Statement University’s Learning Management
Management System. All online, hybrid and
System web enhanced face-to-face
courses are delivered using
Canvas.
Panopto Video Panopto Accessibility Linkii Panopto is a video capture tool. It
Capture system will be used throughout the course
to display video content. The
Panopto videos will play in your
browser, and may also be viewed
with assistive technology.

Adobe Reader Adobe Reader Accessibility Adobe Reader is software you will
Linkiii use to view PDF documents. The
PDF documents are found in each
of the Course Modules.

YouTube YouTube Accessibility YouTube is a service that displays

Linkiv videos. You will find YouTube
videos within many of the course
modules. YouTube videos are
embedded directly within Canvas
so you do not have to access

Morgan State University Page 3

 Technology Accessibility Statement About the Technology
Link
them outside of Canvas. However,
each YouTube video embedded in
Canvas will also have a link to
video located on YouTube itself.
Microsoft Office MS Office Accessibility You will be required to create
Word Linkv Microsoft Word documents in
order to complete projects in this
course.

Technology Privacy Statements:

Canvas: https://www.instructure.com/policies/privacy
Panopto: https://www.panopto.com/privacy/
Google: https://policies.google.com/privacy
Respondus: http://www.respondus.com/about/privacy.shtml

Morgan State University Page 4

Department of Accounting and Finance
Principles of ACCT 201
Summer 2020 - Syllabus

Part 2: Course Objectives/Learning Outcomes

Upon completion of this class, each student should be able to:
1. Explain the purpose of financial reporting, the elements of the financial
statements, and the interrelated fundamental accounting assumptions
and principles.
2. Identify components of each of the four basic financial statements and
explain how it is used by investors, creditors, regulators and
managers.
3. Identify and demonstrate how internal controls are used to manage
and control the firm’s resources and risk.
4. Identify and explain issues related to the acquisition, valuation and
disposal of assets, liabilities and stockholders’ equity.
5. Identify the ethical consequences that’s integral in financial reporting
and be able to apply strategies for addressing them.
6. Communicate effectively about these topics in writing and orally.

Learning Outcomes:
Upon completion of this class, each student should be able to:
1. Demonstrate an understanding of the accounting environment and of
the underlying principles and concepts of accounting and financial
reporting (knowledge).
2. Apply these accounting and reporting principles and concepts in
situations that simulate business and accounting (application).
3. Demonstrate familiarity with ethical responsibilities of the accounting
profession (ethics).
4. Use information technology (e.g. word processing, presentation,
database and spreadsheet software, the internet) to solve business
and accounting problems and facilitate decision making (IT skills).

Morgan State University Page 5

 5. Use library and internet resources for writing research reports
(communication skills).
6. Clearly express oneself orally and in writing (communication skills).

You will meet the objectives/outcomes listed above through a combination

of the following activities in this course:
 Reading the textbook
 Reviewing the video lectures and completing the related
assessments
 Completing homework as assigned
 Participating in discussion board sessions

Morgan State University Page 6

Department of Accounting and Finance
Principles of ACCT 201
Summer 2020 - Syllabus

Part 3: Topic Outline/Schedule

Important Note: Refer to the course calendar for specific due dates and
times. Activity and assignment details will be explained in detail within each
week's corresponding learning module. If you have any questions, please
contact your instructor.

ASSIGNED
MODULES DATES DELIVERABLES
CHAPTERS
June 1 - June Homework 1
Module 1 Chapters 1, 2 & 3 Video Lectures 1 - 3
7
Discussion Board 1
June 8 - June Homework 2
Module 2 Chapters 4 & 5 Video Lectures 4 - 5
14
Discussion Board 2
June 15 - Chapters 6, 7, & Homework 3
Module 3 Video Lectures 6 - 8
June 21 8
Exam I
June 22 - Chapters 9, 10 & Homework 4
Module 4 Video Lectures 9 - 11
June 28 11
Discussion Board 3
June 29 - July Homework 5
Module 5 Chapter 13 Video Lectures 13
1
Discussion Board 4
Chapters 7 - 11,
2-Jul
FINAL EXAM 13 Exam II

Morgan State University Page 7

Department of Accounting and Finance
Principles of ACCT 201
Summer 2020 - Syllabus

Part 4: Grading Policy

Graded Course Activities
Late Work Policy
Be sure to pay close attention to deadlines—there will be no makeup
assignments or quizzes, or late work accepted without a serious and
compelling reason and instructor approval.

Viewing Grades in Canvas

Points you receive for graded activities will be posted to the Canvas
Grade Book. Click on Grades on the course menu, or from your
Dashboard.

Your instructor will update the online grades each time a grading
session has been completed—typically within 48 hours following the
completion of an activity. You will see a visual indication of new grades
posted on your Canvas Dashboard, click the Grades button.

Letter Grade Assignment

Grading:
The final grade for this course will be based on the following point allocations
to assignments and exams:
NUMBER OF POINTS PER TOTAL
ASSIGNMENT ASSIGNMEN POINT WEIGH
ASSESSMENT S T S T (%)
Homework 5 50 250 25
Discussion
Board /Research 3 50 150 15
Project
Video Lectures 12 12.5 200 20
Exam I 1 200 200 20
Exam II 1 200 200 20

Morgan State University Page 8

 TOTAL 1000 100

Final grades assigned for this course will be based on the percentage of total
points earned and are assigned as follows:

Letter Grade Points Percentage

A 900 - 1000 90% - 100%
B 800 - 899 80% - 89.99%
C 700 - 799 70% - 79.99%
D 600 - 699 60% - 69.99%
F 0 - 599 0% - 59.99%

Exam Policy:
There will be TWO exams given during the semester. Many of the questions
will require computations, so you should have a reliable calculator with you
for the examinations and for every class meeting. Multi-function devices such
as Blackberry, cell phones, or any other smart device that also operate as
calculators are SHOULD NOT be used.
Students should ensure that they have the appropriate technology to enable
them fully to participate in the course.
Emergency situations leading to missed exams will be addressed individually
upon receipt of appropriate documentation.

Morgan State University Page 9

Department of Accounting and Finance
Principles of ACCT 201
Summer 2020 - Syllabus

Part 5: Course Policies

Participation
Students are expected to participate in all online activities as listed on
the course calendar. Discussion board participation is worth 30 points
each.

The instructor will provide feedback where necessary on students’

comments. This will be a means for evaluating students’ participation
in the course.

Build Rapport
If you find that you have any trouble keeping up with assignments or
other aspects of the course, make sure you let your instructor know as
early as possible. As you will find, building rapport and effective
relationships are key to becoming an effective professional. Make sure
that you are proactive in informing your instructor when difficulties
arise during the semester so that we can help you find a solution.

Complete Assignments
All assignments for this course will be submitted electronically through
Canvas unless otherwise instructed. Assignments must be submitted
by the given deadline or special permission must be requested from
instructor before the due date. Extensions will not be given beyond the
next assignment except under extreme circumstances.

All discussion assignments must be completed by the assignment due

date and time. Late or missing discussion assignments will impact your
grade.

Morgan State University Page 10

My Feedback Policy
Homework assignments will be completed through Connect. These
assignments are auto graded. Therefore, students will receive
feedback immediately a completed assignment is submitted. No
additional feedback will be provided by the instructor for auto-graded
assignments.

For assignments that require a written submission, feedback will be

provided within 7 days after the due date. Grading will begin after the
due date. Therefore, submissions ahead of the due date will be due for
grading after the due date.

Understand When You May Drop This Course

It is the student’s responsibility to understand when they need to
consider dropping a course. Refer to the Morgan State Course
Schedule on the Academic Calendar for dates and deadlines for
registration.

According to the MSU academic calendar, the add/drop period for

Summer 2020 ends on Wednesday, June 3, 2020. Monday, June 15,
2020 is the last day to drop the course with a grade of "W." It is the
student’s responsibility to verify these dates in the academic
calendar and take appropriate action when necessary.

After this period, a serious and compelling reason is required to drop

from the course. Serious and compelling reasons includes: (1)
documented and significant change in work hours, leaving student
unable to participate, or (2) documented and severe physical/mental
illness/injury to the student or student’s family.

Incomplete Policy
Under emergency/special circumstances, students may petition for an
incomplete grade. An incomplete will only be assigned if a student
completes all course assessments with the exception of the final exam.
All incomplete course assignments must be completed within the next
semester of enrollment.

Inform Your Instructor of Any Accommodations

Needed
Morgan State University is committed to providing barrier-free
education to disabled individuals and is actively working to bring its
facilities and programs into full compliance with Section 504 of the
Rehabilitation Act of 1973.

If you require an accommodation due to a disability, please contact the

Morgan State University Page 11

 Office of Student Disability Support Services (SDSS) to register. More
information regarding the intake procedure can be found on the SDSS
website: http://www.morgan.edu/SDSS

It is your responsibility to request an accommodation from SDSS

before or at the beginning of the semester.

 Morgan’s Disability Support web site: http://www.morgan.edu/sdss

Commit to Integrity
As a student in this course (and at this university) you are expected to
maintain high degrees of professionalism, commitment to active
learning and participation in this class and also integrity in your
behavior in and out of the classroom.

Morgan State's Academic Honesty Policy & Procedures

The principles of truth and honesty are recognized as fundamental to a
community of scholars and teachers. Morgan State University expects
that both faculty and students will honor these principles, and in so
doing, will protect the integrity of academic work and student grades.

Read more about Morgan State's Academic Integrity Policy in the

Getting Started Area of our course.

Definitions
At Morgan State, “cheating” is the act of obtaining or attempting to
obtain credit for academic work through the use of any dishonest,
deceptive, or fraudulent means.”

“Plagiarism is a form of cheating. At Morgan State, “plagiarism is

the use of distinctive ideas or works belonging to another person
without providing adequate acknowledgement of that person’s
contribution.”

Important Note: Any form of academic dishonesty, including cheating and

plagiarism, may be reported to the Office of Student Affairs.

Course policies are subject to change. The instructor reserves the right
to change any statements, policies or scheduling as necessary. It is the
student’s responsibility to check Canvas for corrections or updates to the
syllabus. Any changes will be posted in Canvas.

Morgan State University Page 12

i
https://www.morgan.edu/canvas or https://morganstate.instructure.com

ii
Panopto http://support.panopto.com/documentation/viewing/accessibility-features

iii
Adobe Reader http://www.adobe.com/accessibility.html

iv
YouTube https://support.google.com/youtube/answer/189278?hl=en

v
MS Office https://www.microsoft.com/enable/microsoft/mission.aspx
https://www.microsoft.com/en-us/accessibility