ACG 2021
Financial Accounting
Introduction
Syllabus Highlights
WebCT, Second Life, Cmap, Meebo,
Twitter
What 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 Objectives
 To provide you with a working
knowledge of
– accounting processes and concepts
– the content of financial statements
– the framework of accounting theory
Syllabus Highlights
 Dr. Steven Hornik
 email: shornik@bus.ucf.edu
 Course Webpages:
– http://webct.ucf.edu
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– 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 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 6:30-8:00 PM
 Saturday 9:00-10:00 AM &
 Sunday 3:00-5:00 PM
Textbook
 Financial Accounting
– Harrison & Horngren
– Third Custom Edition for UCF
– ISBN: 0-536-55644-X
Other 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?
 No in-class Lectures
 Lectures are available on-line:
– Web-based
 Via WebCT
 Via http://www.mydebitcredit.com/test-newpage/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 Components
Requirement
Homework: Concept Maps (5 pts. each)
Homework: Problems (5 pts. each)
Homework: Second Life (10 pts. each)
Points
25
100
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 Scale
Grade
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
Exams

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
Homework
 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 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 Life
 Join Second Life
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– 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 Accounting
 Search Groups and Join
– Cost $L0
Let me know what your Second Life Name is
– http://mydebitcredit.com/form.html
Second 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)
 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
Twitter
 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
Cmap
 Concept Map Tool
 Steps to use Cmap:
– Download Cmap
– Watch the How-To Videos
– Do Cmap#1 due 09/04/08
Meebo
 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)
WikiSpace
 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
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 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...
 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