Miami Dade College
Course Outline
Course Title:
Term:
Course Number:
Room No:
Time:
Financial Accounting
Fall 2012-1
ACG 2021
1212
MWF from 11:00am to 11:50am
Text:
Financial & Managerial Accounting, Using Excel for Success 1st Edition, by
Warren/Reeve/Duchac, South-Western
Student ISBN: ISBN-13: 978-1-111-53522-3
ISBN-10: 1-111-53522-1
Contact Info:
Office Hours:
(305) 237-8753, Office Room 1415-24
TBA/Additionally, available after class for questions.
Email: gdanzig@mdc.edu,
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:
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Co-Requisite:
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
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:
Exams (1, 2, and 3)
Required Final Test
Homework/Assignments
Attendance
50%
25%
20%
5%
Total 100%
Exams:
There will be 3 exams (Exam 1, Exam 2, and Exam 3). The lowest grade of
the three exam grades will be dropped. If you miss a test, that will be
your lowest grade. No make up examinations will be offered.
Required Final Test: This course includes a required comprehensive Final Test administered at
the end of the semester. Missing the Final Test almost guarantees you
will fail the course, as it accounts for 25% of your final grade.
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. (See 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.
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
will be dropped from the course after 3 consecutive unexcused
absences. Furthermore, if a student misses more than 50% of the
classes, their final grade will be lowered by a full letter grade.
Extra Credit:
Extra credit for the course can be earned in the following manner:
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Internet research project on a pre-approved course topic.
Successful completion of the BIZTEST exams in the lab.
Completion of extra credit assignments will be considered favorably
towards your final course grade.
Withdrawals:
It is the responsibility of the student to withdraw from the course (if
need) by the final withdrawal date, which is Nov 5, 2012.
Academic Dishonesty / Social Responsibility (see 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.
Chapter Assignments:
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Exercises 1-1, 1-2, 1-4, 1-10, Problem 1-5A
Exercises 2-1, 2-8, 2-17
Exercises 3-1, 3-4, 3-8, 3-15, Problem 3-4A
Exercises 4-4, 4-9, 4-13,
Exercises 5-1, 5-2, 5-8,
Exercises 6-10, 6-14, 6-15, Problem 6-3A
Exercises 7-1, 7-2, 7-3
Exercises 8-1, 8-2 8-3
Exercises 9-1, 9-2, 9-3, 9-20
General Assignments:
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A minimum of five computer assignments utilizing CNOW (including GLS Problem 2-3A
or 2-4A, comprehensive problem #1 and comprehensive problem #2) and additional
problems to consist of a combination of GLS or Excel/Excel Success problems.
Suggested Ethics Case
Assignments for Chapters 12, 14, & 15 TBD!
COURSE OUTLINE
Week 1 ....................................................................................................Course Introduction
................................................................................................................... Chapter 1
Week 2 .................................................................................................................... Chapter 2
Week 3 ....................................................................................................................... Chapter
....................................................................................................................... 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 14
Week 15 ................................................................................................................ Chapter 15
Week 16 ................................................................................... Internet Projects/Chapter 13
FINALS WEEK ........................................................................................... Required Final Test
COURSE OUTLINE SUBJECT TO CHANGE AS NEEDED!