MIAMI DADE COLLEGE Course Outline Course Title: Financial Accounting Term: Fall 20091 Course Number: ACG 2021 Room No.: 1212 MWF: 11:00am-11:50am Text: CORPORATE FINANCIAL ACCOUNTING, 9th Edition, by Warren / Reeve / Fess, South-Western Contact Info: (305) 237-8753, Office Room 1415-24 Hours: By Appointment Only / Available after class for questions. Email: email@example.com, Instructor: Prof. Danzig, Masters Degree in Business Administration from Rutgers University. Corporate Financial & Tax Consultant, Bankruptcy Court Expert Witness. Course Description: This is an introductory course offered to students interested in gaining an understanding of basic financial accounting techniques. Students will be introduced to the profession and the basic accounting concepts and principles used to prepare financial statements. Computer assignments, case studies and use of the Internet are integral parts of this course. (Please see below the General Education Outcomes Associated with this Course). Objectives: Students will obtain an in-depth understanding of the following financial accounting components: An introduction to accounting concepts and practices Analysis of transactions The matching concept and the adjusting process Completion of the accounting cycle Accounting for merchandising businesses Accounting systems, internal controls, and cash Receivables and temporary investments Co-Requisite: All students enrolled in ACG2021 must also enroll in ACG2021L In order to receive a passing grade in the lab, students are required to complete a minimum of 15 hours in the lab. It is the student’s responsibility to make sure they sign up for the correct lab section for this course. Supplementary Materials: General Ledger software, videos, solutions manuals, and Internet access are available in the Business Resource Center. Grading Scale: The grading scale established by the Business Department for this course is as follows: A = 90-100 B = 80-89 C = 70-79 D = 60-69 F = Below 60% Evaluation: Exam I 25% Exam II 25% Exam III 25% Comprehensive Final 25% Homework 20% Attendance 5% Total _100% Exams: There will be four exams during the semester, including the comprehensive final exam. The lowest of the first three exam grades will be dropped. If you miss a test, that will be your lowest grade. No make up examinations will be offered. Attendance: Class attendance is an essential part of this course and attendance will be taken every class meeting. If a student misses a class; they are still responsible for all work that was due for the missed class. The student may be dropped from the course for excessive unexcused absences. Homework: Comprehensive Problems I and II must be completed using General Ledger software (available in the Business Resource Center). Homework will be collected the day of the related exam. (General Education Outcome #8) The following rules apply to all homework - NO EXCEPTIONS: 1. Homework must have your name and date. 2. Homework must be organized and submitted in a folder. 3. No late homework will be accepted. Extra Credit: Extra credit for the course can be earned in the following manner: Internet research project on a pre-approved course topic successful completion of the BIZTEST exams in the lab. Completion of extra credit assignments will favorably towards your final course grade. Drops/ Withdrawals: It is the responsibility of the student to withdraw from the course (if need) by the final drop date. Academic Dishonesty / Social Responsibility (General Education Outcome #6) Academic Dishonesty is defined as an action inconsistent with the ethical standards of Miami Dade College. Academic dishonesty includes the following actions, as well as other similar conduct aimed at making false representation with respect to a student’s academic performance. The following are some examples of Academic Dishonesty: A) Cheating on an examination. B) Collaborating with others in work to be presented, if contrary to the stated rules of the course. C) Plagiarizing, including the submission of others ideas, work or papers (whether purchased, borrowed, or otherwise obtained) as one’s own. D) Submitting, if contrary to the rules of a course, work previously presented in another course. E) Knowingly and intentionally assisting another student in any of the above actions, including assistance in arrangement whereby any work, classroom performance, examination, or other activity is submitted or performed by a person other than the student under whose name the work is submitted or performed. Classroom Policy: Cell phones and beepers must be turned off before students enter the classroom. If a student’s cell phone or beeper goes off during an exam, the student will receive a zero for that exam (including the final exam). Students that leave the classroom during an exam will not be readmitted. General Education Outcomes: 1) Communication – An open line of communication is critical in all areas of your life; whether school, work or home. The only “bad” question is the one you do not ask. 2) Numbers/Data Analysis - Whether you realize it or not, numbers are everywhere-from the calorie content of your favorite soda, to the popularity polls of presidential candidates. All students should be able to process, understand and accurately analyze numerical data. 3) Creative/ Critical Thinking – In the business world one must be able to analyze the numbers or general information you working with to project budgets and sales for future periods. 4) Information Literacy - Do you consider "Wikipedia a primary source of information? By the time you graduate, you'll know the pros and cons of information in internet resources and be able to rate information sources based on their relevance and accuracy. 5) Global, Cultural, & Historical Perspectives – For a business to be successful it must be able to look at financial projections and understand what outside influences there might be. Knowing that a products success can be affected by the aforementioned categories gives a business a head start on fulfilling a customers’ needs and wants. 6) Social Responsibility - John Donne said, "No man is an island." Everything you do and say has an impact on those around you. While at MDC, you'll develop skills to fulfill not only your personal responsibilities, but also your roles as a citizen and member of a global community. 7) Ethical Thinking & Social Responsibility - It is not just a matter of how you interact with other individuals; but it also is how you act ethically and morally in a business situation. You must consider what the “best” overall is; this may not necessarily be what is the best for only yourself. 8) Computer / Technology Usage -You can probably surf the net and send e- mails already, but there are many other powerful tools at your fingertips. Before you graduate, you will learn how to use word processing, spreadsheet, database, and presentation programs. Assignments: Chapter 1 Exercises 1-1, 1-2, 1-4, 1-10, Problem 1-5A Chapter 2 Exercises 2-1, 2-8, 2-17 Chapter 3 Exercises 3-1, 3-4, 3-8, 3-15, Problem 3-4A Chapter 4 Exercises 4-4, 4-9, 4-13, Comprehensive Problem I Chapter 5 Exercises 5-1, 5-2, 5-8, Comprehensive Problem II Chapter 6 Exercises 6-10, 6-14, 6-15, Problem 6-3A Chapter 7 Exercises 7-1, 7-2, 7-3 Chapter 8 Exercises 8-1, 8-2 8-3 Chapter 9 Exercises 9-1, 9-2, 9-3, 9-20 Assignments for Chapters 10, 11, & 14 TBD! Class Schedule Week 1 Course Introduction Chapter 1 Week 2 Chapter 2 Week 3 Chapter 3 Exam 1 Week 4 Chapter 4 Week 5 Chapter 5 Week 6 Chapter 6 Exam 2 Week 7 Chapter 7 Week 8 Chapter 8 Week 9 Chapter 9 Week10 Chapter 10 Exam 3 Week 11 Presentations Week 12 Chapter 11 Week 13 Chapter 12 Week 14 Chapter 13 Week 15 Chapter 14 Week 16 Internet Projects FINALS WEEK Comprehensive Final COURSE OUTLINE SUBJECT TO CHANGE AS NEEDED!