ACG 2021 Financial Accounting - FinancialAccounting - Wikispaces

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ACG 2021 Financial Accounting - FinancialAccounting - Wikispaces Powered By Docstoc

    Syllabus Highlights

What to Expect
     Philosophy Part I – learning the concepts of
      Financial Accounting
       “Teachers open the door.You enter by yourself ”
        (old Chinese proverb)

     Philosophy Part II – applying the concepts “What
      we have to learn to do, we learn by doing” (Aristotle)
       This means Homework!
Motivation: Hottest Careers for College Graduates (2008-2018)
More Motivation: Flex Time Flourishes in Accounting
     When it comes to respecting the work-life balance of employees, the
      accounting industry far outshines the rest of corporate America
       Some firms let employees can take off the entire summer to devote to
        their children;
       Employees work just three days a week during nonpeak months.
       Generally give 12 weeks of paid maternity leave, with fathers often
        receiving six weeks
       Several firms grant sabbaticals of three or six months at 40 percent pay
        and full health benefits
     Published: January 7, 2011, NY Times

Course Objectives
 To provide you with a working knowledge of
  accounting processes and concepts
  the content of financial statements
  the framework of accounting theory
At Your Convenience Section, What’s that
    Class Time will be used for going over End of Chapter Exercises and Problems
    Class is optional (coming to, not watching the video) and will be video-taped,
     with streaming available ~1 hour after class ends.
       Watch Live via Web or Second Life
          Tweet questions using #acg2021_x weekly hastag
       Link to Class-Video is available via WebCourses
    No in-class Lectures
    Lectures are available on-line:
      Web-based
         Via Webcourses or
         Via
      Second Life
         Financial Accounting Theater
      iPod or .wmv Video download
         Via Webcourses
Stuff to Keep Dr. Hornik Sane & Happy
   Read your Email:
       My Email to the class will be via WebCourses ONLY! Please read it.

   Read Discussion Boards and ONLY post within appropriate folder

       Refrain from sharing opinions
        Good or Bad
       Syllabus
       Course Schedule
       MAL, CMAP, Second Life, Twitter Pages
   You have 7 Days from a grade being posted to....
       Let me know its not there
       Let me know you disagree
   You drop the lowest Exam Score so...
Stuff to Keep you Sane
 This class is a Marathon
   Pace Yourself
     Watch my Lectures
     Come to class/Watch the class Video
     Read the Book
     Do the HW
     Do as many problems/exercises/quiz questions as you can bear using
      MyAccountingLab Study Plan
 At times the class is also a Sprint
   Watch out for Exam 2, it comes very quickly after Exam 1,
    Same for Exam 5 and the Cumulative Final
    Syllabus Highlights
 Dr. Steven Hornik
 email:
 Course Webpages:
 Office BA1 432
 Phone: 407-823-5739
 IM: Use Meebo on our Webpage
 Office Hours: Tuesday and Thursday 10:30 – 12:00; and by
 Second Life Office Hours: Wednesday 10-11 PM and Friday 10-
  11 AM and by appointment
Teaching Assistant & Other Assistants

     Ling Huang
       E-mail:
       Office Hours:
    • L Sun
       E-mail:
     Office Hours: Monday: 9:00---12:00 pm and 12:45---2:45 pm
     Friday: 9:00---12:00 pm and 12:30--2:30pm
 Financial Accounting
   Harrison, Horngren & Thomas
   Custom Edition for UCF

 MyAccountingLab
   CourseID: XL0L-X1LJ-401Y-1RJ2
Other Requirements
 Get Accounts for:
   Twitter
     Used for Extra-Credit
     Sending questions during lecture, use #hashtags from syllabus
   Second Life
     Used for Lectures, Virtual Office Hours, Study Groups, HW
      Assignments and Instruction of Accounting Concepts
   MyAccountingLab
     Register for ACG2021 Fall 2009 - Hornik
     Course ID: XL0L-X1LJ-401Y-1RJ2
 Download Software:
   Second Life
     Or use in Labs on UCF campus
   Cmap Tools
     Or use in Labs on UCF campus
     Grade Components
Requirements               Points
Concept Maps (8 x 5)                 40
MyAccountingLab (25 x 5)            125
Second Life (4 x 10)                 40
Exam 1: chapter 1-3                 125
Exam 2: chapter 4-5                 125
Exam 3: chapter 6-7                 125
Exam 4: chapter 8-9                 125
Exam 5: Chapter 11-12               125
Final Exam Cumulative               125
Total Points                        830
     Grading Scale
Grade                Minimum Points
A                    747
B+                   722
B                    664
C+                   639
C                    581
D                    498
F                    < 498
 Via WebCourses
                                               Testing Lab Procedures
   You MUST log into via WebCourses              • Valid UCF ID card
    (NOT myUCF)                                      required
   Testing Lab BA2, 104                          • Allowed Materials
     Multiple Choice                             • Financial Calculator
   Tests will occur over multiple days           • Scratch Paper will be
     Starting at 7:00 AM
                                                  • Read All Testing Lab
     Ending at Midnight                             Procedures on Syllabus
         Multiple versions of the exam                • Reporting Problems
          will be automatically generated              • Acceptable Use
   I will NOT be present                              • Food & Drink
     Do NOT attempt to exit and re-                   • Unauthorized material
       take the exam!
     NO MAKE-UP Exams will be

      There are 6 Exams – I Drop the Lowest Score
 Assignments are described in the Syllabus, Due dates can be found:
   Syllabus (Wiki)
   Class Schedule (Wiki)
 Graded Assignments:
   Concept Maps (see syllabus & class schedule)
     Due Dates are also found on WebCourses Calendar
   MyAccountingLab Problems (see syllabus & class schedule)
     You have 3 Tries, use them All!
     Due Dates are also found on MyAccountingLab Calendar
   Second Life Assignments (see syllabus & class scheule)
 HW assigned on class schedule (Exercises) are NOT graded
   To gauge YOUR understanding of the material
 To do well in the class requires....
   Repetition, Repetition, Repetition
   HW, HW, HW
   Take advantage of the resources provided
     Cmaps, Second Life, Meebo (communicate with me), My Accounting Lab, TAs and
     Yes I read it
   “Do NOT take professor Hornik! In order to do well on the tests you need to do
    all the homework, read and MEMORIZE all the chapters, and remember
    everything from previous tests.” (anonymous, 12/14/06)
   “The expectations for this class are unrealistic for a 3 credit hour course.I
    watched every lecture,did my h/w went to tutoring and got no lower than a B
    on every test and somehow received a C in the class.Way too much homework!
    If you have no life and have time to do alteast 3 hrs of h/w and watch 3 hrs of
    lectures every week, then take this class. (12/10/10)”
   “he uses way too many programs and the class is quite confusing. I studied for
    about 3 hours for a test to receive an F, so there you go. Avoid him and all his silly
    programs.” (04/13/09)
   The class involves a lot of hard work and dedication.You must do the reading
    and homework. An A requires A LOT of work, but a high C - B is realistically
    manageable if you 1) do all the homework, and 2) do all the extra credit.
    One of your tests is dropped and I suggest you make it your final, which is
             ACG 2021

             Technology Used:
Second Life, Cmap Tools, Twitter and Meebo
Second Life Uses
 Watch Lectures
 Interact with 3-D accounting Content
 Meet in groups to discuss accounting?
 Meet with me to discuss accounting?
 Limited to ~50 Avatars at one time
   Available 24/7
   Initially we won’t have a schedule
 Have Fun!
    Steps for using Second Life
 Second Life (link on Wiki)
 Join Second Life
   Pick Avatar Name / Shape
 Download Viewer
 Find our Class Land
   Set Home Here
      Ctrl-shift-H, takes you home from anywhere in SL
 Join the Class Group (needed to access content)
   UCFCBA Accounting
     Search Groups and Join
        Cost $L0
 Let me know what your Second Life Name is
   Click the Registration board in my office in SL or,
Second Life Guidelines
 Linden Lab Policies               ACG 2021 Policies
                                      Clothing is Mandatory
   No Intolerance
                                      Wear anything you wish
   No Harassment                     Accounting objects will be
   No Assaulting                      shared
     Pushing, Shoving, Shooting      Be respectful of other
   No Disclosure
     Residents are entitled to
       Me,You and your
   No Indecency
   No Disturbing the Peace
IBM Virtual World Guidelines (subset)
 Adopted for ACG2021
   Engage
     Explore responsibly
   Use Good Judgment / Witnessing Inappropriate Behavior
     There is good and bad in SL, judge whether or not you
      should proceed
     Know how to leave (Ctrl-H)
   Protect the name of UCF
     You are representatives of UCF
   Protect others privacy
     Mine,Yours, your Classmates
 Communication Tool
 What are you doing now?
 We’ll use for Extra-credit
   What’s the first Asset to appear on the Balance Sheet?
 Experimental
   Send a tweet if watching class Live (not streamed) using #
   So tweet would be sent to: @acg2021 #acg2021_#, where # is the class
    number from the schedule,
   @acg2021 #acg2021Intro for today’s
   I will reply right after class.
 Steps to use Twitter:
     Get a twitter account
     Friend, acg2021
     Turn on Notifications if you want messages on your cell phone
     Let me know what your twitter name is
      Same place: Second Life registration boadh
 Concept Map Tool
 Steps to use Cmap:
   Download Cmap
   Watch the How-To Videos
   Do Cmap#1 due 01/20/2011
   Must complete 8 Cmaps 1 for each chapter out of 11 chapters
   Can complete 3 extra Cmaps for exra-credit, but
     Only after doing the 1st 8
 Communication Tool
 Used for sending IM’s
 May be used for group chats
   If the need arises
 Accessible via the class wiki
   You don’t need an IM account
   You don’t need a Yahoo account
   You can IM me or TA’s whenever/wherever as
   long as you have Internet Access (and one of us is
    Our WebPage
    Syllabus
    Schedule
    Technology Pages
    Un-graded Solutions
    PowerPoint's
    Use it to watch How-To Videos
    Use it to view Student Cmaps
    Use it to IM me via Meebo
    You don’t need to Join
Holy *&^% That’s a lot of different Technology

 Yes there is, and it’s all targeted at different learning styles
  and different learning objectives.
 Keep an Open Mind, work hard, ask questions
  Extra Credit
 Many Opportunities throughout the semester
 One outlet will be Twitter
   First n students to Tweet the correct answer will get a set amount of
    points (1.5)
   Next n students to Tweet the correct answer will get less points (1)
   Usually available for 24 hours after I send a tweet
 Other vehicles – Research opportunities
   Surveys
     There is one you can do now, an email has been sent via WebCourses
 Concept Maps
   Must do 1st 8 before doing Extra-Credit Maps
   Extra-credit Maps are worth 2.5 points each
 Contribute to a Dipity timeline:
   Accounting History
   Financial Accounting – In society
   Make one up on your own
 Take advantage of this, remember the Rate my Professor, you can
  pass this course even if you do poorly on the exams (D’s).
To Do...

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