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 Webpages:

– http://webct.ucf.edu– http://financialaccounting.wikispaces.com/

Office BA1 432 Phone: 407-823-5739 Yahoo IM: shornik (or meebo me) Office Hours: Tuesday and Thursday 10-12,

Thursday 5-6; and by appointment Second Life Office Hours: Tuesday 10-11 PM and

Friday 10-11 AM and by appointment

Teaching Assistant & Other AssistantsTeaching Assistant & Other Assistants

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

Tuesday & Thursday 1:30-4:30 Rachel Weisman

– E-mail: WeismanUCF@yahoo.com – Office Hours:

TBA Terri Berry

– E-mail: terri.berry@knights.ucf.edu – Office Hours:

Tuesday and Wednesday 6:00-8:30 PMSaturday 9:00-10:00 AM &Sunday 3:00-5:00 PM

TextbookTextbook

Financial Accounting

– Harrison & Horngren

– Third Custom Edition for UCF

– ISBN: 0-536-55644-X

Other RequirementsOther Requirements

Get Accounts for:– Twitter

Used for Extra-Credit– Second Life

Used for Lectures, Virtual Office Hours, Study Groups, HW Assignments and Instruction of Accounting Concepts

Download Software:– Second Life

Or use in Labs on UCF campus– Cmap Tools

At Your Convenience Section, What’s that mean?At Your Convenience 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 locations on Teaching 4

– iPod or .wmv Video download Via WebCT

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

Class is optional and will be video-taped, with streaming available ~1 hour after class ends.

Grade ComponentsGrade Components

 

Requirement Points

Homework: Concept Maps (5 pts. each) 25

Homework: Problems (5 pts. each) 100

Homework: Second Life (10 pts. each) 50

Exam 1 - chapters 1 -3 100

Exam 2 - chapters 4-5 100

Exam 3 - chapters 6-7 100

Exam 4 - chapters 8-9 100

Exam 5 - chapters 11-12 100

Total Points 675

Grading ScaleGrading ScaleGrade Minimum Points Needed for Grade

A (675 x .90%) 607

B+ (675 x 87%) 587

B (675 x 80%) 540

C+ (675 x 77%) 520

C (675 x 70%) 472

D (675 x 60%) 405

F <405

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 multiple days Starting at 7:00 AM Ending at Midnight

– 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 Problems (see syllabus)– Second Life Assignments (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), My

Accounting Lab, TAs and Me!

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 Let me know what your Second Life Name is

– http://mydebitcredit.com/form.html

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

Same place: http://mydebitcredit.com/form.html

CmapCmap

Concept Map Tool Steps to use Cmap:

– Download Cmap

– Watch the How-To Videos

– Do Cmap#1 due 09/04/08

MeeboMeebo

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 online)

WikiSpaceWikiSpace

Our WebPage Syllabus Schedule Ungraded Solutions PowerPoints Use it to watch How-To Videos Use it to view Student Cmaps Use it to IM me via Meebo

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

“I did not use it because i did not perceive it as being necessary to learn accounting. People in the past have learned accounting just fine without all of these technologies. My view is KISS, keep it simple stupid”. (Fall 2007)

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

How -To Demo Videos on our WebPage

Extra CreditExtra 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

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

Other vehicles – Research opportunities

To Do...To Do... By Monday September 2nd,

– Read Syllabus– Read Course Agreement

(ACG2021 Documents) Complete Course Agreement via WebCT

Watch Chapter 1 Lectures– Cmap #1, Due 09/04 – Problem 1-50 and 1-56, Due 09/11– Cmap#2, Due 09/11– Second Life Assignment#1, Due 09/11

Work on End of Chapter Exercises– See Class Schedule