ACG 2021Financial Accounting

ACG 2021Financial Accounting

IntroductionSyllabus Highlights

WebCT, Second Life, Cmap, Meebo, Twitter

What to ExpectWhat to Expect

Part I – learning the concepts of Financial Accounting– “Teachers open the door. You enter by

yourself” (old Chinese proverb)

Part II – applying the concepts “What we have to learn to do, we learn by doing” (Aristotle)

– This means Homework!

Course ObjectivesCourse Objectives

To provide you with a working knowledge of

– accounting processes and concepts

– the content of financial statements

– the framework of accounting theory

Syllabus HighlightsSyllabus Highlights

Dr. Steven Hornik email: shornik@bus.ucf.edu Course Webpage: http://webct.ucf.edu Office BA1 407/408 Phone: 407-823-5739 Yahoo IM: shornik Office Hours: Monday 10-12, 5-6; Thursday

4-6 and by appointment

Teaching AssistantTeaching Assistant

Ling Huang E-mail: ucf0205@yahoo.com Office Hours:

– Tuesday 4:00 - 6:00

– Thursday 3:00 – 5:00

TextbookTextbook

Financial Accounting

– Harrison & Horngren

– Second Custom Edition for UCF

– ISBN: 0-536-98600-2

Other RequirementsOther Requirements

Get Accounts for:– Twitter

Used for Extra-Credit & Communication– Second Life

Used for Lectures, Extra-Credit, and Instruction of Accounting Concepts

Download Software:– Second Life

Or use in Labs on UCF campus– Cmap

M-Course Section, What’s that mean?M-Course Section, What’s that mean?

No in-class Lectures Lectures are available on-line:

– Web-based Via WebCT Via

http://www.mydebitcredit.com/test-new-page/screencasts/

– Second Life 3-4 locations on Teaching 4

– iPod Video download Via WebCT

Class Time will be used for going over End of Chapter Exercises and Problems

Most classes should end by 7:30

Second Life UsesSecond Life Uses

Watch Lectures Interact with 3-D accounting Content Meet in groups to discuss accounting? Meet with me to discuss accounting? Limited to ~40 Avatars at one time

– Available 24/7– Initially we won’t have a schedule

Have Fun!

Steps for using Second LifeSteps for using Second Life Join Second Life

– Pick Avatar Name / Shape Download Viewer Find our Class Land

– Teaching 4 (59,162,22)– Set Home Here

Ctrl-H, takes you home from anywhere in SL Join the Class Group (needed to access content)

– UCFCBA AccountingSearch Groups and Join

– Cost $L0

Second Life GuidelinesSecond Life Guidelines Linden Lab Policies

– No Intolerance– No Harassment– No Assaulting

Pushing, Shoving, Shooting

– No Disclosure Residents are entitled

to privacy– Me, You and your

classmates– No Indecency– No Disturbing the Peace

ACG 2021 Policies– Clothing is Mandatory

Wear anything you wish

– Accounting objects will be shared

– We share space on an Island with others

Be respectful of other builds

Be respectful of other avatars

– Scheduled Events Show up on Time

IBM Virtual World Guidelines (subset)IBM Virtual World Guidelines (subset)

Adopted for ACG2021– Engage

Explore responsibly– Use Good Judgment / Witnessing Inappropriate

BehaviorThere is good and bad in SL, judge whether or

not you should proceedKnow how to leave (Ctrl-H)

– Protect the name of UCFYou are representatives of UCF

– Protect others privacyMine, Yours, your Classmates

TwitterTwitter

Communication Tool What are you doing now? We’ll use for Extra-credit

– What’s the first Asset to appear on the Balance Sheet?

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

CmapCmap

Concept Map Tool Steps to use Cmap:

– Download Cmap

– Watch the How-To Videos

– Do Cmap#1 due 8/24th

MeeboMeebo

Communication Tool Used for sending IM’s May be used for group chats

– If the need arises Accessible via the class web-site / wiki

– You don’t need an IM account– You don’t need a Yahoo account– You can IM me whenever/wherever as

long as you have Internet Access

WikiSpaceWikiSpace

Our WebPage Syllabus Schedule Use it to watch How-To Videos Use it to IM me via Meebo

Holy *&^% That’s a lot of different TechnologyHoly *&^% That’s a lot of different Technology

Don’t worry it’s all pretty easy If you need help, there are

How -To Demo Videos on our WebPage

Grade ComponentsGrade Components

 

Grade Component Points

Homework: Concept Maps (5 pts. each)   65

Homework: Problems (5 pts. each)   60

Exam 1 100

Exam 2 100

Exam 3 100

Final Exam 150

Total Points 575

Grading ScaleGrading Scale

Grade Minimum Points Needed for Grade

A (575 x .90%) 517

B+ (575 x 87%) 500

B (575 x 80%) 460

C+ (575 x 77%) 442

C (575 x 70%) 402

D (575 x 60%) 345

F   <345

ExamsExams Via WebCT

– You MUST log into via WebCT (NOT myUCF)

– Testing Lab BA2, 104 Multiple Choice

– Password may be Required to begin exam

If so, I will e-mail you the password prior to the exam

If not, you will need to click no when asked to provide a password

– Tests will occur over a 2 day period Starting at 7:00 AM (Friday) Ending at 9:00 PM (Monday)

– Multiple versions of the exam will be automatically generated

– I will NOT be present Do NOT attempt to exit and re-

take the exam! NO MAKE-UP Exams will be

given

Testing Lab Procedures– Valid UCF ID card required– Allowed Materials

Financial Calculator Scratch Paper will be Provided

– Read All Testing Lab Procedures on Syllabus

Reporting Problems Acceptable Use Food & Drink Unauthorized material

HomeworkHomework Assignments are listed in the Syllabus Graded Assignments:

– Concept Maps (see syllabus)– End-of-Chapter Problem (see syllabus)

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

“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, ratemyprofessor.com 12/14/06)

– Take advantage of the resources provided Cmaps, Second Life, Meebo (communicate with me), End of

Chapter quizzes (WebCT)

Extra CreditExtra Credit

Many Opportunities throughout the semester Main outlet will be Twitter

– First n students to Tweet the correct answer will get a set amount of points

– Next n students to Tweet the correct answer will get less points

Other vehicles – including in-class will be provided throughout semester (see syllabus)– Cmaps

WebCT ToolsWebCT Tools

Student Learning Resources:– Accounting Cycle Tutorial

Covers Chapters 1-3– Practice It

Problems for Chapters 1-3– Accounting Pocket Guide

2 page summary of Accounting Cycle through T-Accounts

– Companion WebsiteSelf-Study QuizzesExcel Spreadsheet Templates

To Do...To Do... By Monday August 27th,

– Read Syllabus– Read Course Agreement

(ACG2021 Documents)Sign and Date Course Agreement via WebCT

Watch Chapter 1 & 2 Lectures– Cmap #1, Due 8/24 (Friday)– Problem 1-8B, Due 8/27– Cmap #2, Due 8/27

Work on End of Chapter Exercises– See Class Schedule