ACCT 201: Principles of Financial Accounting
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Accounting
Syllabus for ACCT 201: Principles of Financial Accounting
Correspondence
2025-2026
Office Hours
If you need help, please send an email that includes your name, course, semester, and year. I anticipate responding to emails within 12 hours.
Class Meeting Structure
Independent Study courses are self-paced, correspondence learning.
● Correspondence courses allow students to study anytime and anywhere independently.
● Interaction is only between the instructor and the student, is typically limited, and is primarily initiated by the student.
● Some Independent Study correspondence courses require an approved proctor for exams.
● Independent Study correspondence learning is not the same as online learning.
● To ensure timely completion of your course, please contact your instructor when
assignments and quizzes/exams are ready for grading and upon completion of all course requirements.
Submission:
● Blackboard students: Submit all Written Response and Critical Thinking Assignments in Blackboard.
● Print-based students: Mail assignments to Extended Studies. Then Extended Studies will mail them to the instructor who will grade them and get them back to Extended Studies in a quick manner.
Course Description
Catalog’s Description
Introduction to accounting as the language of business. Emphasis on reasoning and logic of external reporting model.
Additional Description
This course will include an overview of accounting and the business environment, how to record business transactions and complete the accounting cycle, merchandising operations and inventory, internal controls and cash, receivables and property/plant/equipment, liabilities, stockholders' equity, and cash flow statement and financial statement analysis.
Prerequisites
MATH 109 or MATH 121 or MATH 156 or BUSAD 265
Credit Hours and Expected Student Effort
The course minimum is 2,250 minutes per credit hour.
As an Independent Study correspondence course, the class is largely independent, and you are asked to take responsibility for your own learning. Your instructor is available for assistance, clarification, and feedback on material as needed, but the course is designed for you to independently read any required textbook and materials and progress through the course at a pace that is convenient and efficient for your schedule.
Important Dates
Students may drop courses before 15% of the course duration has passed from your registration date, without a record of the dropped course appearing on the student’s permanent record.
When a student withdraws from a course before 75% of the course duration has passed, a grade of “W” (withdrawal) will be recorded on the academic record. After 75% of the course duration has passed, a student may not withdraw. Tuition and fees will not be adjusted for course withdrawals during this withdrawal period.
Note: Drop/withdrawal dates for each course may vary. Please reach out to Independent Study Program staff for your specific dates. Those dates can also be found in your registration confirmation.
Class Schedule
Correspondence courses require self-motivation. We recommend that you create a schedule for yourself to keep up with the work to ensure your successful completion of the course.
Hasan School of Business SLOs
Goal 1. Communication
1.1. Prepare a written document and/or oral presentation that are focused, well-organized, as well as mechanically and professionally sound.
Goal 2. Problem Solving
2.1. Identify problem(s) in unstructured settings and apply appropriate quantitative techniques to solve the problem(s).
2.2. Identify problem(s) in unstructured settings and analyze appropriate information to develop viable recommendations.
Goal 3. Global Awareness
3.1. Demonstrate understanding of global issues and perspectives that may impact business solutions.
Goal 4. Ethical Awareness
4.1. Demonstrate awareness of ethical issues and possible impacts on business decision making.
Course Objectives or Student Learning Outcomes/Instructional Methods
1. Students will develop an understanding of the basics of Financial Accounting
2. Students will be able to record business transactions and explain the Accounting Cycle
3. Students will be able to demonstrate transactions and analysis related to assets, liabilities, and stockholders' equity
4. Students will be able to understand and analyze cash flow statements, income statements, retained earnings statements, and balance sheets
5. Students will be able to discuss accounting using terminology related to the field
Required Textbook(s) and Other Materials
Required: Mitchell, F., Graybeal, P., and Cooper, D. (2019). Principles of Accounting, Volume 1, Financial Accounting.ACCT 201 Text - OpenStax
ISBN: 9781947172685 (Hardcover), 9781593995942 (Paperback), 9781947172678 (Digital)
Course Requirements
Please reach out to Independent Study Program staff for your specific dates and course completion deadline.
Assignments
This course is composed of eight critical thinking assignments, each of which is worth 100 points. It is additionally composed of eight written response assignments, each of which is worth 25 points. A written response rubric can be found below. Your grade will be 1000 points in total.
Written Response Rubric
|
Criteria |
Grading Criteria |
|
Quality Guidelines (50%) |
All questions are answered completely, responses are original in content, and the response demonstrates analysis of the topic. |
|
Participation Guidelines (30%) |
Main response is no less than 250 words. |
|
Clarity, Organization, and Professionalism Guidelines (20%) |
Responses are organized and logical, minimal spelling or grammatical errors, references are used and cited properly, and appropriate language, respect, and consideration towards the instructor. |
Exams, Quizzes, and Projects
There are no exams, quizzes, or projects in this course.
Use of Technology
(This section does not apply to print-based students.)
For the online version of this course, Microsoft Excel can aid in the calculation and submission of the assignments.
Generative AI (ChatGPT, etc.):
As generative artificial intelligence (AI) tools begin to transform the way we use technology and work online, it’s important to recognize appropriate and inappropriate uses of AI within educational environments. In the Independent Study program, we value student learning, critical thinking, and authenticity. While AI can be a useful tool when brainstorming and generating ideas, it does not replace a student’s knowledge, voice, or ability to draw on individual experiences. When AI is used in place of a student’s authentic work, that usage not only impedes learning but in many cases is considered academic misconduct.
To maintain academic integrity, we ask that students consult with their instructors before using AI in their courses and include proper attribution ifAI use is deemed acceptable. Sources utilized by AI should also be evaluated for credibility. Use of generative AI tools without proper attribution may result in a failed assignment, course, or other disciplinary action as determined by the instructor.
Information for Print-Based Students
All critical thinking assignments and written response assignments, including their directions will be provided in PDF format, with clearly shaded boxes for student input. All answers must be written legibly.
Attendance/Participation
Due to the nature of correspondence courses, attendance is not required. Participation will be gauged based on investment and effort exhibited in course requirements.
Grading
This course is composed of 1000 points in total.
900 – 1000 points is an A.
800 – 899 points is a B.
700 – 799 points is a C.
600 – 699 points is a D.
Below 600 points is an F.
This course does not round grades.
2025-12-27