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ACG 2021ACG 2021Financial AccountingFinancial Accounting

IntroductionSyllabus Highlights

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!

What to ExpectWhat to Expect

To provide you with a working knowledge of◦ accounting processes and concepts◦ the content of financial statements◦ the framework of accounting theory

Course ObjectivesCourse Objectives

“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)

“AWESOME teacher! Does absolutely every single thing in his power to help you pass the class. I averaged about a 55 on all his tests and STILL got a C. Gives tons of extra credit, and helps you whenever you need it. (6/18/09)

“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)

Yes I read itYes I read it

Read your Email:◦ I use both:

WebCourses - Primary KnightsMail???

Read Discussion Boards and ONLY post within appropriate folder◦ Refrain from sharing opinions

Good or Bad READ THE WIKI:

◦ Syllabus◦ Course Schedule◦ Technology Page

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...◦ NO MAKEUP EXAMS

Stuff to Keep Dr. Hornik Sane & Stuff to Keep Dr. Hornik Sane & HappyHappy

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◦ ASK FOR HELP!

At times the class is also a Sprint◦ Watch out for Exam 2, it comes very quickly after

Exam 1

Stuff to Keep you SaneStuff to Keep you Sane

Dr. Steven Hornik email: shornik@bus.ucf.edu Course Webpages:

◦http://webcourses.ucf.edu◦ http://financialaccounting.wikispaces.com/

Office BA1 432 Phone: 407-823-5739 Yahoo IM: shornik (or meebo me) Office Hours: Tuesday and Thursday 3:00-4:30;

and by appointment Second Life Office Hours: Wednesday 10-11 PM

and Friday 10-11 AM and by appointment◦ Would you like to be able to call me while I’m in

SL? Let me know and I can enable that feature

Syllabus HighlightsSyllabus Highlights

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

Cindy Wu◦ E-mail: qianwu@knights.ucf.edu◦ Office Hours:

} L Sun◦ E-mail: slr257@gmail.com◦ Office Hours:

Terri Berry◦ E-mail: ta_acg_2021@yahoo.com ◦ Office Hours:

Teaching Assistant & Other Teaching Assistant & Other AssistantsAssistants

Financial Accounting◦ Harrison & Horngren◦ Third Custom Edition for UCF◦ ISBN: 0-536-55644-X

MyAccountingLab◦ CourseID: XL0F-T1GY-101Y-6DC2

TextbookTextbook

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

◦ MyAccountingLab Register for ACG2021 Fall 2009 - Hornik Course ID: XL0F-T1GY-101Y-6DC2

Download Software:◦ Second Life

Or use in Labs on UCF campus◦ Cmap Tools

Or use in Labs on UCF campus

Other RequirementsOther Requirements

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.◦ Link to Class-Video is available via WebCourses

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

◦ Web-based Via Webcourses or Via

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

◦ Second Life 3 locations on Teaching 4

◦ iPod or .wmv Video download Via Webcourses

At Your Convenience Section, At Your Convenience Section, What’s that mean?What’s that mean?

Grade ComponentsGrade ComponentsRequirements Points

Concept Maps (5 x 5) 25

MyAccountingLab (20 x 5) 100

Second Life (5 x 10) 50

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

Total Points 675

Grading ScaleGrading ScaleGrade Minimum Points

A 607

B+ 587

B 540

C+ 520

C 472

D 405

F < 405

Via WebCourses◦ You MUST log into via WebCourses (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 ProceduresValid UCF ID card requiredAllowed MaterialsFinancial CalculatorScratch Paper will be ProvidedRead All Testing Lab Procedures on

SyllabusReporting ProblemsAcceptable UseFood & DrinkUnauthorized material

ExamsExams

There are 5 Exams – Drop the Lowest Score

Assignments are described in the Syllabus, Due dates can be found:◦ Syllabus (Wiki)◦ Class Schedule (Wiki)◦ Calendar (Second Life)

Graded Assignments:◦ Concept Maps (see syllabus)

Due Dates are also found on WebCourses Calendar◦ MyAccountingLab Problems (see syllabus)

You have 3 Tries, use them All! Due Dates are also found on MyAccountingLab Calendar

◦ 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◦ Take advantage of the resources provided

Cmaps, Second Life, Meebo (communicate with me), My Accounting Lab, TAs and Me!

HomeworkHomework

ACG 2021ACG 2021Technology Used:Second Life, Cmap Tools, Twitter and Meebo

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!

Second Life UsesSecond Life Uses

Second Life Getting Started (link on Wiki) Join Second Life

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

◦ Teaching 4 (59,162,22)◦ 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

Steps for using Second LifeSteps for using Second Life

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 PoliciesClothing is MandatoryWear anything you wishAccounting objects will be

sharedWe share space on an Island

with othersBe respectful of other buildsBe respectful of other avatarsScheduled EventsShow up on Time

Second Life GuidelinesSecond Life Guidelines

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

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

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: Second Life registration board

TwitterTwitter

Concept Map Tool Steps to use Cmap:

◦ Download Cmap◦ Watch the How-To Videos◦ Do Cmap#1 due 09/03/09

CmapCmap

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)

MeeboMeebo

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

WikiSpaceWikiSpace

“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 the Wiki

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

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 (2)

◦ Next n students to Tweet the correct answer will get less points (1)

Other vehicles – Research opportunities◦ Paper

Concept Maps◦ Must do 1st 5 before doing Extra-Credit Maps◦ Extra-credit Maps are worth 2.5 points each

Take advantage of this, remember the Rate my Professor, you can pass this course even if you do poorly on the exams (D’s).

Extra CreditExtra Credit

By Wednesday January 14th,◦ Read Syllabus

Watch Chapter 1 Lectures◦ Cmap #1, Due 01/12 ◦ MyAccountingLab Ch. 1, Due 01/28◦ Cmap#2, Due 01/28◦ Second Life Assignment#1, Due 01/28

Work on End of Chapter Exercises◦ See Class Schedule

Get Accounts and Download Software

To Do...To Do...