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					Term:                  Fall 2003

Course Number:         ACG 2021 - Section 194 TR- 8:00 – 9:15 am
                       (Room 42/1116)


Course Title:          Introduction to Financial Accounting

Catalog Description:   Conceptual introduction to financial accounting. Emphasis
                       is placed on wealth and income measurement and the
                       preparation of conventional financial statements.

Prerequisites:         Sophomore standing

Instructor:            Hubert W. Gill, CPA

Office:                42/3123

Office Hours:          M-F: 7:30 – 7:50 am
                       MW:11:00 – 3:00 pm
                       R: 10:40 – 12:00 noon, and by appointment

Phone:                 620-1668

E-Mail:                Hgill@unf.edu

Web Page:              http://wwunf.edu/~hgill/

Blackboard:            http://blackboard.unf.edu/

Required Texts         •Financial Accounting A Business Process Approach
and Materials:         Jane L. Reimers
                       •Study Guide with Power Point for Financial Accounting A
                       Business Process Approach
                       •Getting Started with Excel for Tom’s Wear, Patti Lopez
                       •Student Resource CD-Rom.
                       •Two Blank 3½ disks
                       •Four Scan Sheets for tests - Brown ink with alphabetic choices
                       •4" x 6" index cards (For Quiz etc. bring to class daily)


Optional Materials:    •Working Papers for Financial Accounting A Business Process
                       Approach or a Two Column Accountant’s Ledger


Course Content:        •The Accounting Model (Ch 1 –4)             6.5 weeks
(Including Exams)      •Acquisition cycle (Ch 5 - 9)               7.0 weeks
                       •Statement of cash flows (Ch 10)            1.5 weeks
                                      Total                        15 weeks
                                              Daily class schedule
Date and
           Lecture and class Activities   Text Questions      Short Exercises       Text Problems    Internet       Bonus
Day
                                                              (SE)                                   Cases
                                                              Exercises (E)
Aug 26 T
           Orientation: select a public
           company & obtain an
           Annual Report
           Chapter 1
Aug 28 R
           Chapter 1                       Q 1,2,3,4,5,6,     SE1-1; SE1-2
                                          7,8,9,10            SE1-5; SE1-6
Sep 2 T                                                       E1-2;E1-8;E1-9        P1-2A; P1-5A     IE1-2
                                                                                                                    P1-5B
                                                              E1-10
Sep 4 R    Chapter 2                      Q1,4,5,7,8,9,10
           Turn in 4 scan sheets (no      13,14,16
           names please)
Sep 9 T                                                       SE2-1; SE2-3,SE2-4
                                                              SE2-5;SE2-6;SE2-8
Sep 11 R                                                                              P2-1A; P2-5A   IE2-1          P2-5B
           Chapter 3                      Q1,2,3,4,5,6,7,8,   E2-2; E2-3; E2-5
                                          9,10
Sep 16 T                                                      SE3-3; SE3-4,SE3-5
                                                              SE3-8;SE3-10; E3-2;
                                                              E3-5
Sep 18 R
                                                                                    P3-1A
Sep 23 T                                                                                                            P3-1B
           Review Exam #1 (Chapters                                                                  IE3-3
           1,2,3)
           Chapter 4


Sep 25 R
           EXAM #1 (Chapters 1,2,3)
Sep 30 T
           Chapter 4                      Q1,2,3,4,5,6,8,9,   SE4-2; SE4-5
                                          12,13               SE4-8;SE4-9
Oct 2 R    Writing assignment due                                                   P4-7A                           P4-7B
                                                              E4-1; E4-2; E4-4
Oct 7 T
           Chapter 5                      Q1,2,3,6,7,8,9,11
                                          13,14

Oct 9 R
                                                              SE5-1; SE5-3,SE5-5
                                                              SE5-9;SE5-11
                                                              SE5-14




                                                                                                                2
Date and Day
               Lecture and class       Text Questions        Short Exercises (SE)         Text       Internet   Bonus
               Activities**                                  Exercises (E)                Problems   Cases

Oct 14 T                                                                                  P5-2A                 P5-10B
                                                             E5-1; E5-2; E5-3; E5-4
                                                                                          P5-8A
Oct 16 R                                                     SE6-1; SE6-6,SE6-10
               Chapter 6               Q2,4,7,8,9,10
                                       11,12,13,14
Oct 21 T                                                     E6-1; E6-4;E6-5;E6-8; E6-
                                                             9
                                                             E6-13
Oct 23 R                                                                                  P6-3A      IE6-1      P6-3B
               Review Exam #2
               (Chapters 4,5,6)                                                           P6-8A


Oct 28 T
               EXAM # 2 (Chapters 4,5,6)

Oct 30 R       Chapter 7               Q2,4,5,7,8,9,10,11
                                                             SE7-2; SE7-5,SE7-7;SE7-10;
               Computer Project        12,13
                                                             SE7-11; SE7-13; SE7-15
               # 1 Due

Nov 4 T                                                      E7-4; E7-12; E7-13;            P7-5A    IE7-2      P7-2B
                                                                                            P7-6A               P7-4B
Nov 6 R                                Q 1,3,4,5,7,9,13      SE8-2; SE8-5,SE8-7           P8-2A
               Chapter 8
                                       14,16,18              E8-3; E8-5; E8-8             P8-4A
               Last Day to
               Withdraw                                                                   P8-8A

Nov 11 T       HOLIDAY
Nov 13 R       Chapter 9               Q1,3,4,5,6,7,8,9                                                         P8-4B
               Field work write up     10,12
               due
Nov 18 T       Review Exam #3                                SE9-1; SE9-3; ES9-6          P9-1A                 P9-1B
               (Chapters 7,8,9)                              SE9-8; SE9-10; SE9-14;       P9-2A                 P9-2B
                                                             E9-1; E9-4; E9-5             P9-4A

Nov 20 R
               EXAM # 3 (Chapters 7,8,9)
Nov 25 R       Chapter 10              Q1,2,3,4,5,6,7,8,9,
                                       10
Nov 27 R       HOLIDAY
Dec 2 T        Computer Project #                            SE10-2; SE10-5,SE10-6
               2 Due                                         SE10-11

               Review Final Exam                             E10-1; E10-2; E10-5                     IE10-2
Dec 4 R
                                                                                          P10-1                 P10-1B
                                                             E10-8
                                                                                          Direct                Direct
                                                                                          only                  only

Dec 11 R         FINAL EXAM – COMPREHENSIVE FOR CHAPTERS 1-10 WITH EMPHASIS ON CHAPTER 10
                                               7:00 – 8:50 am

                                   * Denotes exercises and problems done for bonus points (20).




                                                                                                                  3
Grading:            There will be three (3) examinations and a final exam during the semester.

                    Absolutely no makeup exams will be given. No grades will be given over
                    the phone. The exam dates are indicated on the class schedule. The final
                    exam will be comprehensive and will cover chapter 10 with an emphasis
                    on chapter 10. Final exams are given during final exam week. The
                    grading scale is as follows:

                    Exam #1 - Chapters 1,2,3                                   180 points
                    Exam #2 - Chapters 4,5,6                                   180 points
                    Exam #3 - Chapters 7,8,9                                   180 points
                    Final Exam - Emphasis on 10 - Comprehensive                250 points
                    Group Assignment (Course Folder; Quizzes; Participation
                    Attendance)                                                135 points
                    Computer Assignments                                        75 points
                                 TOTAL                                        1000 points

                    NO STUDENT MAY PASS (A, A-, B+, B, B-, C+, C, D) this course
                    without substantially completing all of the computer assignments.
                    Requirements for final letter grades are as follows:

                            Total Points for Course
                            Maximum = 1000
               A    930-1000
               A-   900-929
               B+   870-899
               B    830-869
               B-   800-829
               C+   770-799
               C    720-769
               D    650-719
               F    0-649

                    LATE ASSIGNMENTS: You may submit ONE assignment late without
                    penalty. You are allowed a one-week extension. Additional late
                    assignments are penalized 15 points if received up to one week late, and
                    100% if received more than one week late.
Library
Assignments:        Each group will obtain the Annual Report of a public company, which will
                    be used as a real world tool to demonstrated concepts and principles
                    introduced in the course.




                                                                                               4
Written & Oral
Communication
Requirements:    This course requires written solutions to several textbook exercises and
                 cases. Oral communication skills will be demonstrated through class
                 participation, discussion of home assignments, presentations and other
                 group activities. Each student will be issued access to Blackboard (an on
                 line learning application) that will facilitate communication as well as
                 allow students to download class information, review homework, and
                 complete group projects on line.

Computer
Applications:    This course requires two computer projects using any spreadsheet of your
                 choice. However, if you are not familiar with a spreadsheet program i.e.,
                 lotus or excel, you may want to acquire the Getting Started with Excel for Tom’s
                 Wear, Patti Lopez. This is a tutorial-based workbook that will guide you
                 through the basic excel skills. This knowledge would be sufficient for
                 completing the assigned projects. A separate handout will provide
                 instructions and the assignments.

Ethical Issues
Covered:         Ethics will be covered throughout this course as it relates to the collection
                 and reporting of accounting information.

Academic
Integrity:       In today’s environment, ethics have become an extremely important topic.
                  An accountant’s only product is his/her service, which is measured by
                 his/her integrity and professionalism. These characteristics are not
                 bestowed upon you at graduation but are developed over time.

                 The College of Business Administration has published an undergraduate
                 handbook, which includes a Code of conduct (Pages 2-3). All items listed
                 will be strictly enforced. Any student violating any aspect of the code of
                 conduct will be penalized and receive a grade of “F” for the course and
                 referred to the proper authorities for expulsion from the University. This
                 includes, but is not limited to:
                 •Computer and writing projects and other course projects must be done
                 independently unless your instructor considers any of these “group”
                 assignments.
                 •No programmable calculators are allowed. This includes any calculator,
                 which allows the storage of formulas or definitions. If you are in doubt
                 about your calculator, see the instructor.
                                                                                                 5
                     •The submission of substantial portions of the same academic work for
                     credit more than once without authorization is considered cheating. This
                     includes submitting computer assignments using another student’s
                     computer data files or submitting assignments that appear to be copies of
                     another student’s assignments whether on disk or paper.

Classroom Protocol: Upon graduation and entering the job market, you will quickly find that
                    success in business requires much more than adequate technical training.
                    Some of the factors that you should begin developing now include:
                           (1)     dependability (e.g., attend class regularly)
                           (2)     punctuality (e.g., class starts on time, BE THERE)
                           (3)     courtesy (e.g., pay attention, don’t pack up early)
                           (4)     motivation (e.g., be adequately prepared for class)

Tutoring:            FREE TUTORING is available in the Academic Resource Center (Skills
                     Center) in the Founders Hall Building (2) Room 1003. Paid, as well as
                     volunteer tutors (Alpha Sigma Phi) for this course will be available
                     approximately 20 to 30 hours per week. A tutoring schedule will be
                     posted in the Academic Resource Center during the second week of
                     classes.


Class Preparation:   Homework and attendance are essential parts of the learning process. It is
                     the student’s responsibility to have read the assigned chapter(s) before
                     coming to class. Homework exercises, problems, and other assignments
                     should be prepared and are due on the dates indicated on the schedule
                     unless otherwise instructed. You should spend at least ten to twelve hours
                     per week outside of class on homework, chapter questions, reading
                     chapters, and computer assignments.

Withdrawals:         The University policy for withdrawing from a course is located on page 28
                     of the 2002-2003 UNF Undergraduate Catalog. The withdrawal deadline
                     for the Fall 2003 is Thursday, November 6, 2003.

Americans with
Disabilities Act:    If you have a disability, as defined by the Americans with Disabilities Act
                     (ADA), which requires a classroom accommodation or auxiliary aid(s),
                     please inform me of your needs during the first week of class so that I may
                     take appropriate action. You should also notify the Office of Disabled
                     Services Programs at 620-2769 concerning any needs you may have.



                                                                                                 6
Group Activities:   Group participation is required throughout the semester. Each member of
                    a group is responsible for completing and maintaining a Course
                    Folder consisting of all work done during the semester (except copies
                    of exams) i.e., homework (including all bonus questions), class exercises,
                    and other assigned group activities. In addition, ten (10) bonus points will
                    be awarded to the student with best professionally maintained folder at the
                    end of the course. Course Folder will be collected periodically (usually
                    during exams) and graded based on relevance, completeness, presentation,
                    and overall quality of the folder. A final folder grade will be assessed at
                    the end of the semester.

Other Items:        Alpha Sigma PI, the UNF accounting club, is the largest student club on
                    campus. The club meets once monthly, usually in the College of Business
                    building. Nominal dues entitle you to attend the club’s many functions
                    directed at accounting majors--a bi-annual business social, a bi-annual
                    banquet (additional fee required), and a wide-array of speakers addressing
                    career choices for accountants, interviewing techniques, and tips on getting
                    ready for the CPA, CMA and CIA professional exams. If you are unsure
                    of your major, explore the career choice of accounting by attending the
                    club’s functions. Information concerning the accounting club’s activities
                    will be announced in class. Please visit Alpha Sigma Pi Alpha Sigma Pi
                    Accounting Club 1 to learn more of the exciting opportunities available
                    through this organization.

International:      Technology, international trade, e-commerce and the Internet have altered
                    the way business is done internationally. As such, doing business in a
                    global environment requires management to shift their perspective. These
                    issues are discussed throughout the course utilizing the Wall Street
                    Journal, and the Internet to research current issues on the subject.

Instructor          It is my objective to serve as a motivator and facilitator so that each
Objectives:         student can accomplish his/her goal in financial accounting. Since students
                    learn differently, the knowledge transfer process would utilize diverse
                    teaching methodology to ensure that each student is learning and retaining
                    the material. My Blackboard will offer unique opportunities for each
                    student to grasp financial accounting concepts in the comfort of his/her
                    environment. As a result active learning can take place in and out of class.
                    Therefore, the delivery process will include group work, role-play,
                    demonstration, discussion, technology and the importance of accounting in
                    our economy and the world. Each student should then leave financial
                    accounting enriched with new knowledge, as well as learning techniques
                    that can be used as life long learning tools. Finally, your suggestions or
                    comments are always welcome.
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