Term:



Term: Fall 2003

Course Number: ACG 2021 - Section 194 TR- 8:00 – 9:15 am

(Room 42/1116)

Course Title: Introduction to Financial Accounting

Catalog Description: Conceptual introduction to financial accounting. Emphasis is placed on wealth and income measurement and the preparation of conventional financial statements.

Prerequisites: Sophomore standing

Instructor: Hubert W. Gill, CPA

Office: 42/3123

Office Hours: M-F: 7:30 – 7:50 am

MW:11:00 – 3:00 pm

R: 10:40 – 12:00 noon, and by appointment

Phone: 620-1668

E-Mail: Hgill@unf.edu

Web Page:

Blackboard:

Required Texts •Financial Accounting A Business Process Approach

and Materials: Jane L. Reimers

•Study Guide with Power Point for Financial Accounting A Business Process Approach

•Getting Started with Excel for Tom’s Wear, Patti Lopez

•Student Resource CD-Rom.

•Two Blank 3½ disks

•Four Scan Sheets for tests - Brown ink with alphabetic choices

•4" x 6" index cards (For Quiz etc. bring to class daily)

Optional Materials: •Working Papers for Financial Accounting A Business Process Approach or a Two Column Accountant’s Ledger

Course Content: •The Accounting Model (Ch 1 –4) 6.5 weeks

(Including Exams) •Acquisition cycle (Ch 5 - 9) 7.0 weeks

•Statement of cash flows (Ch 10) 1.5 weeks

Total 15 weeks

Daily class schedule

|Date and Day | | | | | | |

| |Lecture and class Activities |Text Questions |Short Exercises (SE) |Text Problems |Internet Cases|Bonus |

| | | |Exercises (E) | | | |

|Aug 26 T | | | | | | |

| |Orientation: select a public | | | | | |

| |company & obtain an Annual Report | | | | | |

| |Chapter 1 | | | | | |

|Aug 28 R | | | | | | |

| |Chapter 1 |Q 1,2,3,4,5,6, |SE1-1; SE1-2 | | | |

| | |7,8,9,10 |SE1-5; SE1-6 | | | |

|Sep 2 T | | |E1-2;E1-8;E1-9 |P1-2A; P1-5A |IE1-2 | |

| | | |E1-10 | | |P1-5B |

|Sep 4 R |Chapter 2 |Q1,4,5,7,8,9,10 | | | | |

| |Turn in 4 scan sheets (no names |13,14,16 | | | | |

| |please) | | | | | |

|Sep 9 T | | |SE2-1; SE2-3,SE2-4 | | | |

| | | |SE2-5;SE2-6;SE2-8 | | | |

|Sep 11 R | | | |P2-1A; P2-5A |IE2-1 |P2-5B |

| |Chapter 3 |Q1,2,3,4,5,6,7,8,9,10 |E2-2; E2-3; E2-5 | | | |

|Sep 16 T | | |SE3-3; SE3-4,SE3-5 | | | |

| | | |SE3-8;SE3-10; E3-2; E3-5 | | | |

|Sep 18 R | | | | | | |

| | | | |P3-1A | | |

|Sep 23 T | | | | | |P3-1B |

| |Review Exam #1 (Chapters 1,2,3) | | | |IE3-3 | |

| |Chapter 4 | | | | | |

|Sep 25 R | |

| |EXAM #1 (Chapters 1,2,3) |

|Sep 30 T | | | | | | |

| |Chapter 4 |Q1,2,3,4,5,6,8,9,12,13|SE4-2; SE4-5 | | | |

| | | |SE4-8;SE4-9 | | | |

|Oct 2 R |Writing assignment due | | |P4-7A | |P4-7B |

| | | |E4-1; E4-2; E4-4 | | | |

|Oct 7 T | | | | | | |

| |Chapter 5 |Q1,2,3,6,7,8,9,1113,14| | | | |

|Oct 9 R | | | | | | |

| | | |SE5-1; SE5-3,SE5-5 | | | |

| | | |SE5-9;SE5-11 | | | |

| | | |SE5-14 | | | |

|Date and Day | | | | | | |

| |Lecture and class |Text Questions |Short Exercises (SE) |Text Problems |Internet |Bonus |

| |Activities** | |Exercises (E) | |Cases | |

|Oct 14 T | | | |P5-2A | |P5-10B |

| | | |E5-1; E5-2; E5-3; E5-4 |P5-8A | | |

|Oct 16 R | | |SE6-1; SE6-6,SE6-10 | | | |

| |Chapter 6 |Q2,4,7,8,9,10 | | | | |

| | |11,12,13,14 | | | | |

|Oct 21 T | | |E6-1; E6-4;E6-5;E6-8; E6-9 | | | |

| | | |E6-13 | | | |

|Oct 23 R | | | |P6-3A |IE6-1 |P6-3B |

| |Review Exam #2 (Chapters | | |P6-8A | | |

| |4,5,6) | | | | | |

|Oct 28 T | |

| |EXAM # 2 (Chapters 4,5,6) |

|Oct 30 R |Chapter 7 |Q2,4,5,7,8,9,10,1112,13| | | | |

| |Computer Project # 1 Due | |SE7-2; SE7-5,SE7-7;SE7-10; SE7-11; | | | |

| | | |SE7-13; SE7-15 | | | |

|Nov 4 T | | |E7-4; E7-12; E7-13; |P7-5A |IE7-2 |P7-2B |

| | | | |P7-6A | |P7-4B |

|Nov 6 R | |Q 1,3,4,5,7,9,13 |SE8-2; SE8-5,SE8-7 |P8-2A | | |

| |Chapter 8 |14,16,18 |E8-3; E8-5; E8-8 |P8-4A | | |

| |Last Day to Withdraw | | |P8-8A | | |

|Nov 11 T |HOLIDAY |

|Nov 13 R |Chapter 9 |Q1,3,4,5,6,7,8,9 | | | |P8-4B |

| |Field work write up due |10,12 | | | | |

|Nov 18 T |Review Exam #3 (Chapters | |SE9-1; SE9-3; ES9-6 | P9-1A | |P9-1B |

| |7,8,9) | |SE9-8; SE9-10; SE9-14; E9-1; |P9-2A P9-4A | |P9-2B |

| | | |E9-4; E9-5 | | | |

|Nov 20 R | |

| |EXAM # 3 (Chapters 7,8,9) |

|Nov 25 R |Chapter 10 |Q1,2,3,4,5,6,7,8,9,10 | | | | |

|Nov 27 R |HOLIDAY |

|Dec 2 T |Computer Project # 2 Due | |SE10-2; SE10-5,SE10-6 | | | |

| | | |SE10-11 | | | |

|Dec 4 R |Review Final Exam | |E10-1; E10-2; E10-5 | |IE10-2 | |

| | | |E10-8 |P10-1 | |P10-1B |

| | | | |Direct only | |Direct |

| | | | | | |only |

|Dec 11 R |FINAL EXAM – COMPREHENSIVE FOR CHAPTERS 1-10 WITH EMPHASIS ON CHAPTER 10 |

| |7:00 – 8:50 am |

* Denotes exercises and problems done for bonus points (20).

Grading: There will be three (3) examinations and a final exam during the semester.

Absolutely no makeup exams will be given. No grades will be given over the phone. The exam dates are indicated on the class schedule. The final exam will be comprehensive and will cover chapter 10 with an emphasis on chapter 10. Final exams are given during final exam week. The grading scale is as follows:

Exam #1 - Chapters 1,2,3 180 points

Exam #2 - Chapters 4,5,6 180 points

Exam #3 - Chapters 7,8,9 180 points

Final Exam - Emphasis on 10 - Comprehensive 250 points

Group Assignment (Course Folder; Quizzes; Participation

Attendance) 135 points

Computer Assignments 75 points

TOTAL 1000 points

NO STUDENT MAY PASS (A, A-, B+, B, B-, C+, C, D) this course without substantially completing all of the computer assignments. Requirements for final letter grades are as follows:

Total Points for Course

Maximum = 1000

A 930-1000

A- 900-929

B+ 870-899

B 830-869

B- 800-829

C+ 770-799

C 720-769

D 650-719

F 0-649

LATE ASSIGNMENTS: You may submit ONE assignment late without penalty. You are allowed a one-week extension. Additional late assignments are penalized 15 points if received up to one week late, and 100% if received more than one week late.

Library

Assignments: Each group will obtain the Annual Report of a public company, which will be used as a real world tool to demonstrated concepts and principles introduced in the course.

Written & Oral

Communication

Requirements: This course requires written solutions to several textbook exercises and cases. Oral communication skills will be demonstrated through class participation, discussion of home assignments, presentations and other group activities. Each student will be issued access to Blackboard (an on line learning application) that will facilitate communication as well as allow students to download class information, review homework, and complete group projects on line.

Computer

Applications: This course requires two computer projects using any spreadsheet of your choice. However, if you are not familiar with a spreadsheet program i.e., lotus or excel, you may want to acquire the Getting Started with Excel for Tom’s Wear, Patti Lopez. This is a tutorial-based workbook that will guide you through the basic excel skills. This knowledge would be sufficient for completing the assigned projects. A separate handout will provide instructions and the assignments.

Ethical Issues

Covered: Ethics will be covered throughout this course as it relates to the collection and reporting of accounting information.

Academic

Integrity: In today’s environment, ethics have become an extremely important topic. An accountant’s only product is his/her service, which is measured by his/her integrity and professionalism. These characteristics are not bestowed upon you at graduation but are developed over time.

The College of Business Administration has published an undergraduate handbook, which includes a Code of conduct (Pages 2-3). All items listed will be strictly enforced. Any student violating any aspect of the code of conduct will be penalized and receive a grade of “F” for the course and referred to the proper authorities for expulsion from the University. This includes, but is not limited to:

•Computer and writing projects and other course projects must be done independently unless your instructor considers any of these “group” assignments.

•No programmable calculators are allowed. This includes any calculator, which allows the storage of formulas or definitions. If you are in doubt about your calculator, see the instructor.

•The submission of substantial portions of the same academic work for credit more than once without authorization is considered cheating. This includes submitting computer assignments using another student’s computer data files or submitting assignments that appear to be copies of another student’s assignments whether on disk or paper.

Classroom Protocol: Upon graduation and entering the job market, you will quickly find that success in business requires much more than adequate technical training. Some of the factors that you should begin developing now include:

(1) dependability (e.g., attend class regularly)

(2) punctuality (e.g., class starts on time, BE THERE)

(3) courtesy (e.g., pay attention, don’t pack up early)

(4) motivation (e.g., be adequately prepared for class)

Tutoring: FREE TUTORING is available in the Academic Resource Center (Skills Center) in the Founders Hall Building (2) Room 1003. Paid, as well as volunteer tutors (Alpha Sigma Phi) for this course will be available approximately 20 to 30 hours per week. A tutoring schedule will be posted in the Academic Resource Center during the second week of classes.

Class Preparation: Homework and attendance are essential parts of the learning process. It is the student’s responsibility to have read the assigned chapter(s) before coming to class. Homework exercises, problems, and other assignments should be prepared and are due on the dates indicated on the schedule unless otherwise instructed. You should spend at least ten to twelve hours per week outside of class on homework, chapter questions, reading chapters, and computer assignments.

Withdrawals: The University policy for withdrawing from a course is located on page 28 of the 2002-2003 UNF Undergraduate Catalog. The withdrawal deadline for the Fall 2003 is Thursday, November 6, 2003.

Americans with

Disabilities Act: If you have a disability, as defined by the Americans with Disabilities Act (ADA), which requires a classroom accommodation or auxiliary aid(s), please inform me of your needs during the first week of class so that I may take appropriate action. You should also notify the Office of Disabled Services Programs at 620-2769 concerning any needs you may have.

Group Activities: Group participation is required throughout the semester. Each member of a group is responsible for completing and maintaining a Course Folder consisting of all work done during the semester (except copies of exams) i.e., homework (including all bonus questions), class exercises, and other assigned group activities. In addition, ten (10) bonus points will be awarded to the student with best professionally maintained folder at the end of the course. Course Folder will be collected periodically (usually during exams) and graded based on relevance, completeness, presentation, and overall quality of the folder. A final folder grade will be assessed at the end of the semester.

Other Items: Alpha Sigma PI, the UNF accounting club, is the largest student club on campus. The club meets once monthly, usually in the College of Business building. Nominal dues entitle you to attend the club’s many functions directed at accounting majors--a bi-annual business social, a bi-annual banquet (additional fee required), and a wide-array of speakers addressing career choices for accountants, interviewing techniques, and tips on getting ready for the CPA, CMA and CIA professional exams. If you are unsure of your major, explore the career choice of accounting by attending the club’s functions. Information concerning the accounting club’s activities will be announced in class. Please visit Alpha Sigma Pi Alpha Sigma Pi Accounting Club 1 to learn more of the exciting opportunities available through this organization.

International: Technology, international trade, e-commerce and the Internet have altered the way business is done internationally. As such, doing business in a global environment requires management to shift their perspective. These issues are discussed throughout the course utilizing the Wall Street Journal, and the Internet to research current issues on the subject.

Instructor It is my objective to serve as a motivator and facilitator so that each

Objectives: student can accomplish his/her goal in financial accounting. Since students learn differently, the knowledge transfer process would utilize diverse teaching methodology to ensure that each student is learning and retaining the material. My Blackboard will offer unique opportunities for each student to grasp financial accounting concepts in the comfort of his/her environment. As a result active learning can take place in and out of class. Therefore, the delivery process will include group work, role-play, demonstration, discussion, technology and the importance of accounting in our economy and the world. Each student should then leave financial accounting enriched with new knowledge, as well as learning techniques that can be used as life long learning tools. Finally, your suggestions or comments are always welcome.

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download