Bankruptcy Outline Problem 2.1 by xoa46601


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									                       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.

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.
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

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.

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
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


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