ACCT 2101 Fall 2020 Syllabus Final
ACCT 2101 Fall 2020 Syllabus Final
Financial Accounting
ACCT 2101, Sec. 703 Fall 2020
Credit Hours: 3
Course Description:
Financial Accounting is the first course in the introductory accounting sequence. It is an overview of accounting for use
by the firm and by users outside of the firm. We will cover the basics of double entry accounting.
• The e-Book is available online directly from the publisher and costs substantially less than the printed
version. It includes a code to access Connect (your homework package). See Canvas for instructions
about purchasing the e-Book and for information on accessing Connect.
• The paper textbook is available at the bookstore. Be sure to buy the textbook with an access code for
Connect. (This is the most expensive option)
Course information, assignment details, and lecture notes may be found on Canvas. All students are expected to consult
Canvas and Connect regularly.
Prerequisite/Co-requisite:
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Financial Accounting (Fifth edition) by Spiceland, Thomas and Herrmann; Publisher: McGraw-Hill Education.
You can buy the e-Book, the paper text, or both. NOTE—please see the online ordering info on Canvas be-fore
buying the book.
Technology Requirements:
The expectation for this online course is that students participate both by video and audio. All students are
required to have a working camera and headset during class times. Class sessions are recorded, and the
recordings are posted shortly after class, please be aware that anything said during class sessions will be
included and posted.
• Headphones
• Webcam: You are required to keep your webcam on during the duration of the class session. Failure
to do so may affect your participation grade.
• Recommended Internet Speed: 8mbps download & 5mbps upload. Check your internet connection at
speedtest.net
• Please note: Hard-wired connections are more consistent than Wi-Fi for Zoom sessions
Technology specifications for this course (Note: the syllabus policy requires instructors to provide technology
specifications. Clarify what technology students will need, especially if those needs might change after
Thanksgiving.) Please add the following:
● Limited resources are available for students who do not have the technology they need for class.
Students with educational technology needs, including no computer or camera or insufficient Wifi-
access, should submit a request outlining their needs using the Student Emergency Aid Fund form.
The University will endeavor to meet needs, such as with a long-term loan of a laptop or Mifi device, a
refurbished computer, or subsidized internet access.
● Note that some software is available for free download on the ITS Academic Support page. Other
specialty software may be available for remote access through ITS.
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Program Objectives:
P1: Demonstrate business knowledge needed to make business decisions
P3: Apply quantitative reasoning skills to make recommendations and business decisions
Access more information on the Learning Goals and Assurance of Learning here:
https://www.fox.temple.edu/undergraduate-bba/learning-goals/
Course Objectives:
Regardless of your major area of study, understanding financial reports is crucial to success in business. You will use
what you learn in this course in many of your other courses in your academic career and certainly when you go into the
business world. The objective of this course is to develop an understanding of how financial information is recorded and
reported. At the end of the course, you should be able to understand…
1. The objectives of financial reporting and recognize the importance of accounting information as the
language of business.
2. Financial statements, specifically the Statement of Earnings, the Balance Sheet, and the Statement of
Cash Flows.
3. The content of the basic financial statements and the relationships among them.
4. The accounting process of accumulating and reporting aggregate information about economic and
financial transactions.
5. The principles used to value assets and liabilities as reported in the Balance Sheet.
7. How cash flows are measured and reported in the Cash Flows Statement.
9. The importance of ethics in the production and presentation of accounting information for business
decision making.
10. The various methods of using financial statements to analyze and compare business entities.
11. How to use Excel formulas to create journal entries, trial balances, and financial statements as well as
how to compute bond prices using present value, etc.
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Method of Instruction:
This online BBA course is a synchronous course meeting live virtually once a week. Virtual classes meet using a
video conferencing tool. This course has been rigorously designed to effectively help students reach the
course objectives through various deliverables. Attention to the course schedule and the suggested order of
assignment completion is key to student success. It is incumbent upon students to work through all materials
provided, attend optional office hours and ask questions as they come up to ensure successful completion of
all deliverables in a timely fashion.
In-person activities and instruction for the fall 2020 semester will end Nov. 20, at the start of the fall break.
The remaining week of classes, study period and finals will be conducted remotely.
Canvas:
Canvas is the university’s current Learning Management System (LMS). For resources and/or Canvas related
questions or issues please use the Help (?) feature in the Canvas Global Navigation for assistance via phone or
a 24-hour Chat feature. Visit the “Tech Support” page in our Canvas Course for additional resources.
Make sure you enter your first name and last name correctly when signing into your Zoom session. While
there are ways to join a Zoom session through mobile phone, this should only be used in an emergency.
Please log into the virtual classes before the scheduled class time, as we will begin promptly. You can access
the virtual classes in Canvas under the “Zoom” link in your Course Navigation. Students in classes with Zoom
registration enabled can also access sessions via the link that is emailed to them.
Zoom Walkthroughs:
The Online BBA program encourages students new to Zoom to join a student Zoom Walkthrough. Attendance
to a pre-course Zoom Walkthrough is suggested for those new to the Online program course structure to test
your audio and video prior to your first meeting. A list of Zoom Walkthroughs can be found here.
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Grade Breakdown:
Item Weight
3 Major Section Quizzes 15%
Homework 10%
Total 100%
Grading Scale:
I consider this syllabus to be a contract between us. The grades will be assigned in accordance with the Fox School of
Business and Management policy for numerical grading:
100 – 93 A 92 – 90 A–
89 – 87 B+ 86 – 83 B 82 – 80 B–
79 – 77 C+ 76 – 73 C 72 – 70 C–
69 – 67 D+ 66 – 63 D 62 – 60 D–
59 – 0 F
All final course grades will be rounded to the nearest whole number
(i.e. 69.5 would be rounded to a 70, but a 69.49 would be a 69).
All of the assignments - Final Exam, Midterm, In Class Activities (ICA), Section Quizzes, Homework, and the Continuing
Problem are in Connect.
In Canvas, you will see a ratio of all the points you have out of all of the points entered. This ratio may not be accurate
with respect to your final grade since there is a heavy percentage devoted to the midterm and final exam.
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Important: Canvas treats the first continuing problem as a regular assignment and deducts that from your overall
score. This will correct itself at the end of the course. The continuing problem can only add to your grade. It does not
lower it.
To calculate your approximate grade, use the numbers you see in Canvas and follow the format below..
You have two weeks from the posting of a grade to dispute or raise questions about the grade. Given the heavy
weighting of the Section Quizzes, the Midterm and the Final Exam, It really is not practical to compute grades to give you
your interim standing in the class.
Final course grades are not rounded. There are a substantial number of assignments and assessments in addition to the
midterm and the final exam. The percentage score that is earned will be applied to the grading scale above. Please do
not ask for your grade to be rounded to the next highest level.
GRADE COMPUTATION
E = [Homework] * 10%
Final Grade= A + B + C + D + E + F + G
If a student does not complete a test, quiz or assignment on/before the due date, then the student will receive a grade
of zero for that particular assessment or assignment.
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Assignment Descriptions:
EXAMINATIONS:
Exams will only be given on the announced date. There will be three major section quizzes, a midterm, and a cumulative
final examination. The collective nature of the material mandates that virtually each exam is, de facto, “cumulative.”
The exams will include multiple choice and computational questions. Proctored exams start promptly. Exams and
quizzes completed on Connect are carefully timed—do not assume that the time restraints are estimates—they are not.
If you have a LEGITIMATE DOCUMENTED EMERGENCY that prevents you from taking
either the midterm or the final exam the course coordinator (Professor Kreimer) and the department Chair (Dr. Gordon)
will determine some form of equitable remediation—this is not a guaranteed “make-up” exam policy.
Note: If you do not have your TUID, you may hold up a cell phone showing your TUID obtained from TUPortal. Do not
use digital TUID that allows you to scan and in out of Temple facilities.
• It is the department policy to allow you to create a one page handwritten sheet of notes that you may
bring with you to the exams. This one sheet of notes may contain anything you feel is important to
help you perform well on the exam—remember it must be handwritten and only ONE SHEET (8.5 X
11)—you may use both sides of the paper.
• The exams start and end on time.
• You may use a calculator during the exam—however it must be a calculator—you will not be permitted
to use the calculator function on your smart phone, iPad, or any other electronic device.
FINAL EXAMINATION:
Please refer to the University’s final examination schedule for the date and time of the final exam.
There will be a department wide review session for the final examination during a scheduled University study day. The
exact day, time and location of the review session will be announced near the end of the course.
http://www.temple.edu/registrar/documents/downloads/Fall_2020_Exams.pdf
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it is opened, you must complete it in the allotted time. Unlike the other online assignments, students have only one (1)
attempt to complete the SQ. Be sure to find a quiet location with good internet access prior to opening an SQ. Make
sure that your computer will not update its operating system while you are taking the SQ.
ONLINE HOMEWORK:
There will be homework due every week. Homework is required to be submitted online via Connect. Each problem,
exercise or case is chosen to reinforce a particular aspect of the class material—the purpose is to supplement your
comprehension of the lecture. All learning is cumulative—each concept builds on earlier concepts—it is extremely
important to do, and understand, each assignment. You can do your homework as many times as desired prior to the
due date, the Connect system will not permit you to edit your homework after the due time. Only your highest grade
will count. No extensions or make up opportunities will be granted under any conditions. You complete all of your
homework online in CONNECT. All of the homework problems assigned on Connect are from your textbook. Some
problems will require you to use Excel to calculate answers. Below are the problems that are in Connect for you to
complete. Connect numbers them differently, but you can use this as a reference if you want to see a hardcopy of the
problem for additional practice.
the chapters that will be on each exam. THIS IS NOT MEANT TO SUBSTITUTE YOUR REVIEW OR STUDY MATERIALS; it is
merely a supplement to your normal studying tactics in addition to being another grade component. You will have
unlimited attempts to complete the Continuing Problem. Important: Canvas treats the first continuing problem as a
regular assignment and deducts that from your overall score. This will correct itself at the end of the course. The
continuing problem can only add to your grade. It does not lower it.
If a student does not complete a test, quiz or assignment on/before the due date, then the student will receive a grade
of zero for that particular assessment or assignment.
Proctorio is an online automated proctoring service that allows you to take your exam from the comfort of
your home. To access this service, you will navigate to the exam area within your Canvas course. Once you
start the exam, Proctorio will initiate the exam setup. You should expect the startup process to take up to
10 minutes. However, the time to complete the startup process will not affect your exam time. Please feel
free to direct any questions to the Proctorio student support team via the live chat during the exam.
Proctorio’s services are available 24/7. Proctorio does not require advance scheduling. Please make sure
that you are using the current version of the Chrome browser and have downloaded the Proctorio
extension.
It’s recommended that you visit https://proctorio.com/support prior to your proctoring session to review
the test-taking system requirements. It is also encouraged to take the Proctorio practice quiz if your
instructor has enabled this within your course.
Additionally, please visit and review the test-taker resource center and the Terms of Service.
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*Disclaimer: All data analytics and suspicious behaviors are captured during the assessment, and integrity reports
are immediately available for review by faculty upon exam submission
RESOURCES:
TUTORING CENTER:
If you are local, the Accounting Tutors are available if you need help with the class. Their office is in 403D in
Alter Hall, 4th Floor. The Tutoring Center is open from 10am to 2pm from Monday to Friday. The Tutors WILL
NOT help you complete your homework or other assessable items. They WILL help you understand the material,
work through practice problems and explain concepts using examples. NOTE: The Alter Hall Tutoring Center may
be closed due to physical distancing requirements. If it’s closed, consider the Virtual Tutoring Center (see below).
YOUTUBE:
You can access YouTube videos for help with the homework questions. There are direct links to each problem on Canvas
If you want YouTube video access without going through Canvas the videos can also be found by searching for the “Wurst
Temple” channel. Do not send messages to the YouTube account.
Simply put, students are expected to be respectful of one another and the professor in classroom discussions. The goal is
to foster a safe learning environment where students feel comfortable discussing concepts and apply them in class. If for
any reason your behavior is viewed as disruptive to the class, you will be asked to leave.
MY ROLE AS A TEACHER:
I am expected to present the material in an acceptable and accessible fashion - I am paid to teach, not merely
to know. Therefore, if at any time you do not understand something please ask--if I haven't explained myself
adequately it is my fault not yours. If you do not understand the material it is your responsibility to ask me
about it—if you have a question about some concept or practice—someone else probably does also—do both
of you a favor and ask the question.
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However, if you have to contact me via phone, I will return your call; please make sure to give me a day and
evening telephone number. I tend to be fairly busy during the day and often return phone calls before 8:30 a.m.
or after 10 p.m. if you prefer to be called at some other time please let me know. I typically try to respond to
emails within one business day.
ACADEMIC INTEGRITY:
We insist on absolute academic integrity. We have a “Zero Tolerance” policy with regard to cheating—if a student
cheats on any assignment (including extra credit assignments), the offender will receive an “F” for the course.
Learning is both an individual and a cooperative undertaking. Asking for and giving help freely in all appropriate setting
helps you to learn. You should represent only your own work as your own. Personal integrity is the basis for intellectual
and academic integrity. Academic integrity is the basis for academic freedom and the University's position of influence
and trust in our society. University and school rules and standards define and prohibit "academic misconduct" by all
members of the academic community including students. You are expected to be familiar with these standards and to
abide by them. Temple’s Policy on Academic Dishonesty can be found on the University website.
There will be substantial opportunities for you to demonstrate your abilities. We will not grade you on the basis of
someone else's labor. Any student caught cheating will automatically fail the course—no exceptions—no excuses.
ZOOM SESSIONS:
The Zoom sessions for this class are participatory. You are required to have your camera on the entire time. You
may be called on in class, so your microphone should be operative as well. The classes will have several breakout
sessions where you will be asked to work with other students in your group to answer various questions. One
student in the group is expected to share their screen so that all members of the group can actively participate
in understanding and solving the problems. During the breakouts, the professor and the Accounting tutors
assisting in the class may visit your breakout group.
support units to support students should they become ill. Faculty and students agree to act in good faith and
work with mutual flexibility. The expectation is that students will be honest in representing class attendance.
On Campus- Hybrid Class Four Health Pillars:
In order to maintain a safe and focused learning environment, we must all comply with the four public
health pillars:
• Wearing Face Coverings
• Maintaining Physical Distancing
• Washing Our Hands and Monitoring Our Health
It will be necessary for you to spend a substantial amount of time doing accounting outside of class. While there
is a vast difference in individual learning styles and existing knowledge bases, I think you should plan on spending
about 6-8 hours a week on reading the text, using the various e-tools and completing the assignments.
PARTICIPATION:
Students are expected to come to all classes prepared. Prior class preparation is critical for success in this
class. Class discussions will review the material and highlight the more critical topics.
INCOMPLETES:
This course complies with the University policy for recording incomplete grades. The requirement is reproduced
here for your convenience.
“Instructors can submit a grade of "I" (Incomplete) at the end of the semester only if the student has completed
the majority of the course work at a passing level, and only for reasons beyond the student's control. The student
and faculty member must complete the INCOMPLETE CONTRACT agreement, which is available in the Student
Services Office in Speakman 101 or in West Hall at Ambler. The contract must specify the nature of the work to
be completed, how the final grade will be determined, and the grade to be received if the work is not completed.
It must also specify the date the work needs to be completed by.”
WITHDRAWAL:
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If you choose to withdraw from the class, you must do so by the University specified date, which is found on the
University website: https://www.temple.edu/registrar/documents/calendars/20-21.asp
TECHNOLOGY:
I will not assume responsibility for any technical difficulties experienced by your internet service provider. It is your
responsibility to get a Temple email account (http://accounts.temple.edu), so that you can be enrolled in Canvas and
purchase Connect, and to ensure that you have met the technical requirements of your ISP to receive messages from
Temple. Please note that I have a listing of all of the students that have subscribed to Connect and are enrolled in Canvas.
If you are having difficulties, please contact me as soon as possible.
Zoom Sessions: If we are using Zoom, please use the “Chat” feature or feel free to ask a question at any time on your
microphone
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*Course Schedule
*Subject to change at the discretion of the Professors
Complete:
• CMQ #1
On: Wednesday,
Attend: Zoom Session 2 September 2, 7-
8:55PM
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Complete:
• CMQ #2
Complete:
Due: Sunday,
• Homework Chapter 3 - E3-6, E3-7,
September 13 by 11:59
E3-8 E3-14, E3-15 E3-16 E3-18, E3-
PM
19 E3-20, E3-21
• Applying Excel 3-1 & 3-2
• CMQ #3
TOPIC—Cash and Read: Chapter 4
Internal Controls Due: Wednesday,
Week 4 Watch: 3 videos September 16th by 7:00
• Cash and Internal Controls Parts 1 - PM
3
On: Wednesday,
Attend: Zoom Session 4 September 16, 7-
8:55PM
Complete:
• Homework Chapter 4 – E4-9, E4-10, Due: Monday,
E4-11 September 21 by 11:59
• Applying Excel 4-1 PM
• CMQ #4
Due: Wednesday,
Submit: Section Quiz 1 (Chapters 1-4) –
September 23 by 11:59
Available Friday, 9/18
PM
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Complete:
• Homework Chapter 5 – E5-3, E5-4, Due: Monday,
E5-6, E5-8, E5-9, E5-10, E5-13, E5- September 28 by 11:59
14, E5-15, E5-19, PM
• Applying Excel 5-1 & 5-2
• CMQ #5
Complete:
• Homework Chapter 6 - E6-1, E6-2 E6-4,
Due: Sunday, October
E6-5, E6-10, E6-11 E6-17, E6-18, P6-2A
4 by 11:59 PM
• Excel Simulation – Comparing
Inventory Costing Methods
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Complete:
• Homework Chapter 7 - E7-1, E7-2,
E7-3, E7-5, E7-6, E7-10, E7-11, E7- Due: Sunday, October
16, E7-17 18 by 11:59 PM
• Excel Simulation – Calculating
Different Depreciation Methods
• CMQ #7
TOPIC— Current Read: Chapter 8
Liabilities
Due: Wednesday,
Watch: 5 videos
Week 9 October 21st by 7:00
• Current Liabilities Parts 1 – 5
PM
Complete:
• Homework Chapter 8 - E8-3, E8-4, E8- Due: Sunday, October
5, E8-17, E8-18, 25 by 11:59 PM
• Applying Excel 8-1 & 8-2
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Complete:
Due: Sunday,
• Homework Chapter 9 - E9-1, E9-7,
November 1 by 11:59
E9-8, E9-9, E9-13, E9-14, E9-16,
PM
• Excel Simulation – Bond Pricing
• CMQ #9
On: Wednesday,
November 4, 7-8:55
PM
Complete:
• Homework Chapter 10 - E10-3, E10-
4, E10-6, E10-8, E10-9 E10-10,
• E10-14, E10-15, E10-16, Due: Sunday,
• Excel Simulation – Calculating Stock November 8 by 11:59
Dividends and Splits PM
• CMQ #10
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Complete:
• Homework Chapter 11A - E11-8,
E11-9, E11-10, E11-11, P11-4A,
• Excel Simulation – Preparing a Due: Sunday,
Statement of Cash Flows – Indirect November 15 by 11:59
Method PM
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University Policies
Temple University’s motto is Perseverance Conquers, and we will meet the challenges of the COVID pandemic
with flexibility and resilience. The university has made plans for multiple eventualities. Working together as a
community to deliver a meaningful learning experience is a responsibility we all share: we’re in this together
so we can be together.
Any recordings permitted in this class can only be used for the student’s personal educational use. Students
are not permitted to copy, publish, or redistribute audio or video recordings of any portion of the class session
to individuals who are not students in the course or academic program without the express permission of the
faculty member and of any students who are recorded. Distribution without permission may be a violation of
educational privacy law, known as FERPA as well as certain copyright laws. Any recordings made by the
instructor or university of this course are the property of Temple University. Any unauthorized redistribution
of video content is subject to review by the Dean’s office, and the University Disciplinary Committee. Penalties
can include receiving an F in the course and possible expulsion from the university. This includes but is not
limited to: assignment video submissions, faculty recorded lectures or reviews, class meetings (live or
recorded), breakout session meetings, and more.
Online Behavior:
Students are expected to be respectful of one another and the instructor in online discussions. The goal is to
foster a safe learning environment where students feel comfortable in discussing concepts and in applying
them in class. Our differences, some of which are outlined in the University's nondiscrimination statement,
will add richness to this learning experience. Therefore, all opinions and experiences, no matter how different
or controversial they may be perceived, must be respected in the tolerant spirit of academic discourse. Treat
your classmates and instructor with respect in all communication, class activities, and meetings. You are
encouraged to comment, question, or critique an idea but you are not to attack an individual. Please consider
that sarcasm, humor and slang can be misconstrued in online interactions and generate unintended
disruptions. Profanity should be avoided as should the use of all capital letters when composing responses in
discussion threads, which can be construed as “shouting” online. Remember to be careful with your own and
others’ privacy. In general, have your behavior mirror how you would like to be treated by others. If for any
reason your behavior is viewed as disruptive to the class, you will be asked to leave and you will be marked
absent from that class. Please read the university policy concerning disruptive behavior:
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The disruptive student is one who persistently makes inordinate demands for time and attention from
faculty and staff, habitually interferes with the learning environment by disruptive verbal or behavioral
expressions, verbally threatens or abuses college personnel, willfully damages college property, misuses
drugs or alcohol on college premises, or physically threatens or assaults others. The result is the disruption
of academic, administrative, social, or recreational activities on campus.
It is also important to foster a respectful and productive learning environment that includes all students in our
diverse community of learners. Our differences, some of which are outlined in the University's
nondiscrimination statement, will add richness to this learning experience. Therefore, all opinions and
experiences, no matter how different or controversial they may be perceived, must be respected in the
tolerant spirit of academic discourse.
Treat your classmates and instructor with respect in all communication, class activities, and meetings. You are
encouraged to comment, question, or critique an idea but you are not to attack an individual. Please consider
that sarcasm, humor and slang can be misconstrued in online interactions and generate unintended
disruptions. Profanity should be avoided as should the use of all capital letters when composing responses in
discussion threads, which can be construed as “shouting” online. Remember to be careful with your own and
others’ privacy. In general, have your behavior mirror how you would like to be treated by others.
Freedom to teach and freedom to learn are inseparable facets of academic freedom. The University has a
policy on Student and Faculty Academic Rights and Responsibilities (Policy #03.70.02) which can be accessed
at policies.temple.edu.
Please be advised that while Temple University campuses may close for inclement weather, online courses are
not on-campus and therefore are still expected to meet. Your instructor will contact you regarding any
adjustments needed in the event of a power outage or severe circumstances. Should you have any questions,
please contact the professor.
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Academic Honesty:
Learning is both an individual and a cooperative undertaking. Asking for and giving help freely in all
appropriate setting helps you to learn. You should represent only your own work as your own. Personal
integrity is the basis for intellectual and academic integrity. Academic integrity is the basis for academic
freedom and the University's position of influence and trust in our society. University and school rules and
standards define and prohibit "academic misconduct" by all members of the academic community including
students. You are asked and expected to be familiar with these standards and to abide by them. A link to
Temple’s Policy on Academic Dishonesty can be found at the following link:
http://bulletin.temple.edu/undergraduate/about-temple-university/student-
responsibilities/#academichonesty
Disability Statement:
Any student who has a need for accommodations based on the impact of a documented disability or medical
condition should contact Disability Resources and Services (DRS) in 100 Ritter Annex ([email protected]; 215-
204-1280) to request accommodations and learn more about the resources available to you. if you have a DRS
accommodation letter to share with me, or you would like to discuss your accommodations, please contact
me as soon as practical. I will work with you and with DRS to coordinate reasonable accommodations for all
students with documented disabilities. All discussions related to your accommodations will be confidential.
Accommodation letters must be received by the instructor during the first two weeks of the semester.
This site includes information on unauthorized access, disclosure of passwords, and sharing of accounts.
https://secretary.temple.edu/sites/secretary/files/policies/04.71.11.pdf
Student Support Services (Note: additional information about how students can access support services will
be available later in the summer. There will be a color-coded system on Tuportal indicating which services are
virtual or in-person.)
Student Success Center University Libraries Undergraduate Research Support Career Center
If you are experiencing food insecurity or financial struggles, Temple provides resources and support. Notably,
the Temple University Cherry Pantry and the Temple University Emergency Student Aid Program are in
operation as well as a variety of resources from the Office of Student Affairs.
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