2021Intro - FinancialAccounting

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Introduction
Syllabus Highlights
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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!
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To provide you with a working knowledge of
◦ accounting processes and concepts
◦ the content of financial statements
◦ the framework of accounting theory
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“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)
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Read your Email:
◦ I use both:
 Registered with UCF
 WebCourses
Read Discussion Boards and ONLY post within appropriate folder
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
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This class is a Marathon
◦ Pace Yourself
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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
an bear using MyAccountingLab
◦ ASK FOR HELP!
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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 10-12,
Thursday 5-6; and by appointment
Second Life Office Hours: Wednesday 10-11 PM
and Friday 10-11 AM and by appointment
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Ling Huang
◦ E-mail: ucf0205@yahoo.com
◦ Office Hours:
 TBD
Rachel Weisman
◦ E-mail: WeismanUCF@yahoo.com
◦ Office Hours:
 Monday and Wednesday 9:00 – 2:00
Anna Dragon
◦ Email:
◦ Office Hours:
Terri Berry
◦ E-mail: terri.berry@knights.ucf.edu
◦ Office Hours:
 Thursday 6:30 to 8:30 PM
 Saturday 10:00 AM to 12:00 PM
 Sunday 3:00 - 6:00 PM
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Financial Accounting
◦ Harrison & Horngren
◦ Third Custom Edition for UCF
◦ ISBN: 0-536-55644-X
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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 Spring - Hornik
Download Software:
◦ Second Life
 Or use in Labs on UCF campus
◦ Cmap Tools
 Or use in Labs on UCF campus
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No in-class Lectures
Lectures are available on-line:
◦ Web-based
 Via Webcourses or
 Via http://www.mydebitcredit.com/test-newpage/screencasts/
◦ Second Life
 3 locations on Teaching 4
◦ iPod or .wmv Video download (still needs to be
implemented)
 Via Webcourses
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.
◦ Link to Class-Video is available via WebCourses
Requirements
Concept Maps (5 x 5)
MyAccountingLab (20 x 5)
Second Life (5 x 10)
Exam 1: chapter 1-3
Exam 2: chapter 4-5
Exam 3: chapter 6-7
Exam 4: chapter 8-9
Exam 5: Chapter 11-12
Total Points
Points
25
100
50
125
125
125
125
125
675
Grade
Minimum Points
A
607
B+
587
B
540
C+
520
C
472
D
405
F
< 405
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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
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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
There are 5 Exams – Drop the Lowest Score
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Assignments are described in the Syllabus, Due dates can be found:
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Syllabus (Wiki)
Class Schedule (Wiki)
Calendar (Second Life)
Graded Assignments:
◦ Concept Maps (see syllabus)
 Due Dates are also found on WebCourses Calendar
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◦ 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!
Technology Used:
Second Life, Cmap Tools,
Twitter and Meebo
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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
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Have Fun!
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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
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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
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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
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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
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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
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Concept Map Tool
Steps to use Cmap:
◦ Download Cmap
◦ Watch the How-To Videos
◦ Do Cmap#1 due 01/20/09
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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)
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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
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“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
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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
◦ Upload Extra-Credit Maps to Extra-Credit
assignment in WebCourses
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By Monday January 9th,
◦ Read Syllabus
◦ Read Course Agreement
 Get on Course Schedule
 Complete Course Agreement via WebCourses, Due 1/20
Watch Chapter 1 Lectures
◦ Cmap #1, Due 01/20
◦ Problem 1-50 and 1-56, Due 01/27
◦ Cmap#2, Due 01/27
◦ Second Life Assignment#1, Due 01/27
Work on End of Chapter Exercises
◦ See Class Schedule
Download