Miami Dade College – Kendall Campus
School of Business
Fall 2013-1
ACG 2021
Financial Accounting
Departmental Syllabus
Instructor name: Ramon Fernandez-Rubio
School of Business
Kendall Campus, Room R441
Phone: 305-237-2375
Email: rferna4@mdc.edu
Office hours: 3:00-4:00 PM M:W
Co-requisite: ACG 2021L Financial Accounting Lab. To pass this course, it is a requirement to register in
the corresponding accounting lab for 1 credit and satisfy all the lab assignments. Assignments will be
announced in class. The grade you receive for the course, will also be the grade for the lab. Students
must attend the lab a minimum of 15 hours during the term. The lab is located in Room R450.
Accounting tutors, textbook solutions, as well as accounting videos and software are available there.
Course Description:
An introduction to the basic principles of financial accounting emphasizing on the accounting concepts:
the basis of the financial statements.
Learning Outcomes:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Communicate effectively using listening, speaking, reading, and writing skills.
Use quantitative analytical skills to evaluate and process numerical data.
Solve problems using critical and creative thinking and scientific reasoning.
Formulate strategies to locate, evaluate, and apply information.
Demonstrate knowledge of diverse cultures, including global and historical perspectives.
Create strategies that can be used to fulfill personal, civic, and social responsibilities.
Demonstrate knowledge of ethical thinking and its application to issues in society.
Use computer and emerging technologies effectively.
Demonstrate an appreciation for aesthetics and creative activities.
Describe how natural systems function and recognize the impact of humans on the
environment.
1|Page
Miami Dade College – Kendall Campus
School of Business
Fall 2013-1
Course Objectives:
 Understand the basic terminology used in accounting, classification of accounts, and the accounting
cycle under cash and accrual basis of accounting.
 Analyze accounting transactions and their effect on the financial position of the organization.
 Analyze financial statements with respect to liquidity, solvency and profitability.
 Develop and implement an accounting system including the appropriate internal controls.
 Analyze receivables as to their collect ability and record the associated transactions.
 Apply a variety of inventory valuation methods under the periodic and perpetual systems in order to
provide accurate information for the financial statements.
 Analyze the effect of debt versus equity financing on the corporation’s financial position and be able
to determine the correct mix.
 Evaluate the effect of stock transactions on the company’s equity position.
 Compute the future and present value of interest and bond principal to determine bond pricing.
 Analyze the financial position of a company through a review of their Annual Report.
 Discuss the ethical issues facing accountants and solve ethical problems.
Textbook: You may purchase the textbook in one of several different options stated below:
ACG 2021 – Financial & Managerial Accounting “ the two books above packaged together with
(540 day access to Connect Plus) includes the ebook - ISBN# 0077560159 Available at the
bookstore.
Connect Plus – ($95.00) – (standalone) with full Financial and Managerial Accounting ebook
and Connect resources.- 540 day access. Everything the student needs to complete Financial
and Managerial Accounting course digitally. – ISBN# 0077540166 Purchase online at the
Connect Plus site.
Connect - ($45.00) (standalone) without the ebook – ISBN# 0077540182. Purchase online at
2|Page
Miami Dade College – Kendall Campus
School of Business
Fall 2013-1
Course Requirements:
Chapter Homework
Problems
15% of final grade
Students will complete the homework problems for each chapter assigned
in the Connect site. At this online site, the student will complete all the
work for the course. The site will include the homework assignments,
chapter quizzes, and learning materials. To register for this site you will
need an ACCESS code that can be purchase at the login site:
Examinations
80% of final grade
Students will take a three examinations in class covering the class material. In
addition, there will be a cumulative final examination.
Class Participation
5% of final grade
Grading:
Letter Grade
A
B
C
D
F
Percentage
90% - 100%
80% - 89%
70% - 79%
60% - 69%
Below 60%
Student Responsibilities and Conduct:
Academic Dishonesty (as defined by the College) includes, but is not limited to cheating on
examinations, receiving help from other students (unless permitted by the instructor), plagiarizing;
submitting work from another course (unless permitted by the instructor); and assisting anyone doing
3|Page
Miami Dade College – Kendall Campus
School of Business
Fall 2013-1
these things. Academic Dishonesty is considered to be a serious offense and may result in failing an
assignment, receiving an “F” in the course, or dismissal from the College. See the Students’ rights and
Responsibilities Handbook for further information.
Students should make a special effort to arrive in class ON TIME. It is disruptive and discourteous to the
instructor and to other students. If tardiness is unavoidable, please come into the class and sit quietly
without bothering other students.
Cell phones, pagers, or beepers should be turned off when entering the classroom. Please inform those
who call you that when you are in class you are unable to receive calls.
The College does not permit children in classrooms or labs, and children are not covered by the College’s
liability insurance.
Exams – You will need a #2 pencil and a simple calculator for exams. You will not be allowed to use your
cell phone as a calculator.
Courteous, professional conduct is required at all times.
4|Page
Miami Dade College – Kendall Campus
School of Business
Fall 2013-1
Weekly Schedule:
Week of:
Chapters
Covered
Work to be
completed
August 26, 2013
1&2
Chapter 2 Homework
Chapter 1 & 2
Quizzes
September 2, 2013
2&3
September 9, 2013
3 & Review for
Test 1
Chapter 2 & 3
Homework
Chapter 2 & 3
Quizzes
Finish chapter work
September 16, 2013
Examinations
Holidays
Exam 1: Chapter 1,2
&3
September 23, 2013
4
September 30, 2013
5
October 7, 2013
6
October 14, 2013
October 21, 2013
Review for Exam
2
7
October 28, 2013
November 4, 2013
8
8
November 11, 2013
November 18, 2013
9
9
November 25, 2013
December 2, 2013
11
11
Chapter 4 Homework
Chapter 4 Quizzes
Chapter 5 Homework
Chapter 5 Quizzes
Chapter 6 Homework
Chapter 6 Quizzes
Exam 2: Chapter 4,5,
&6
Chapter 7 Homework
Chapter 7 Quizzes
Chapter 8 Homework
Chapter 8 Quizzes
Chapter 9 Homework
Chapter 9 Quizzes
Chapter 11
Homework
5|Page
Miami Dade College – Kendall Campus
School of Business
Fall 2013-1
Chapter 11 Quizzes
December 9, 2013
December 16, 2013
Review for Exam
3 & Final
Cumulative Final
Examination
Exam 3: Chapter 7,8,
9, & 11
6|Page