Introduction

1. Introduction Syllabus Highlights

2. What to Expect • Philosophy Part I – learning the concepts of Financial Accounting • “Teachers open the door. You enter by yourself” (old Chinese proverb) • Philosophy Part II – applying the concepts “What we have to learn to do, we learn by doing” (Aristotle) • This means Homework!

3. Motivation: Hottest Careers for College Graduates (2008-2018)

4. More Motivation: Flex Time Flourishes in Accounting Industry • When it comes to respecting the work-life balance of employees, the accounting industry far outshines the rest of corporate America • Some firms let employees can take off the entire summer to devote to their children; • Employees work just three days a week during nonpeak months. • Generally give 12 weeks of paid maternity leave, with fathers often receiving six weeks • Several firms grant sabbaticals of three or six months at 40 percent pay and full health benefits • By STEVEN GREENHOUSE • Published: January 7, 2011, NY Times

5. Course Objectives • To provide you with a working knowledge of • accounting processes and concepts • the content of financial statements • the framework of accounting theory

6. Stuff to Keep Dr. Hornik Sane & Happy • Read Discussion Boards and ONLY post within appropriate folder • Refrain from sharing opinions • Good or Bad • READ THE WIKI: • Syllabus • Course Schedule • MAL, Second Life, Twitter Pages • You have 7 Days from a grade being posted to.... • Let me know its not there • Let me know you disagree • NO MAKEUP EXAMS

7. Stuff to Keep you Sane • This class is a Marathon • Pace Yourself • Watch my Lectures • Come to class • Read the Book • Do the HW • Do as many problems/exercises/quiz questions as you can bear using MyAccountingLab Study Plan • ASK FOR HELP! • At times the class is also a Sprint • It is Summer after all – there is NO time to get behind

8. Syllabus Highlights • 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 • Office Hours: Monday & Wednesday 5:00-6:00; and by appointment • Second Life Office Hours: TBA

9. Textbook • Financial Accounting • Harrison, Horngren & Thomas • Custom Edition for UCF • MyAccountingLab • CourseID: hornik43531

10. 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 • MyAccountingLab • Register for ACG2021 Sumer 2012 - Hornik • Course ID: hornik43531 • Download Software: • Second Life

11. Grade Components

12. Grading Scale

13. Exams • Via WebCourses • You MUST log into via WebCourses (NOT myUCF) • Testing Lab BA2, 104 • Multiple Choice • Tests will occur on the date per the class schedule • 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

14. Homework • Assignments are described in the Syllabus, Due dates can be found: • Syllabus (Wiki) • Class Schedule (Wiki) • Graded Assignments: • MyAccountingLab Problems (see syllabus & class schedule) • You have 3 Tries, use them All! • Due Dates are also found on MyAccountingLab Calendar • Second Life Assignments (see syllabus & class schedule) • 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, My Accounting Lab, SARC and Me!

15. SARC • SARC: Howard Phillips Hall, room 115. • ACG 2021 tutoring will be during Summer A (until June 22nd) • Meghan: Monday 2-5pm • Marielle: Tuesday 2-3pm and Wednesday 2-4pm • During Summer B (tentatively) • Meghan: Monday 12:30-3:30pm and Wednesday 12:30-3:30pm

16. Yes I read it • “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) • “The expectations for this class are unrealistic for a 3 credit hour course.I watched every lecture,did my h/w went to tutoring and got no lower than a B on every test and somehow received a C in the class.Way too much homework! If you have no life and have time to do alteast 3 hrs of h/w and watch 3 hrs of lectures every week, then take this class. (12/10/10)” • “he uses way too many programs and the class is quite confusing. I studied for about 3 hours for a test to receive an F, so there you go. Avoid him and all his silly programs.” (04/13/09) • The class involves a lot of hard work and dedication. You must do the reading and homework. An A requires A LOT of work, but a high C - B is realistically manageable if you 1) do all the homework, and 2) do all the extra credit. One of your tests is dropped and I suggest you make it your final, which is cumulative.

17. ACG 2021 Technology Used: Second Life, Cmap Tools, Twitter and Meebo

18. 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 ~50 Avatars at one time • Available 24/7 • Initially we won’t have a schedule • Have Fun!

19. Steps for using Second Life • Second Life(link on Wiki) • Join Second Life • Pick Avatar Name / Shape • Download Viewer • Find our Class Land • http://maps.secondlife.com/secondlife/ReallyEngagingAccounting/10/138/21 • 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 or, • http://www.mydebitcredit.com/php/captureAvatarRegistration.html

20. 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 • Be respectful of other avatars

21. 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

22. 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? • Experimental • Send a tweet if watching class Live (not streamed) using # • So tweet would be sent to: @acg2021 #acg2021_#, where # is the class number from the schedule, • @acg2021 #acg2021Intro for today’s • I will reply right after class. • 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 boadh • http://www.mydebitcredit.com/php/captureAvatarRegistration.html

23. Cmap • Concept Map Tool • Steps to use Cmap: • Download Cmap • Watch the How-To Videos • Do Cmap#1 due 01/20/2011 • Must complete 8 Cmaps 1 for each chapter out of 11 chapters • Can complete 3 extra Cmaps for exra-credit, but • Only after doing the 1st 8

24. 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)

25. WikiSpace • 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

26. Holy *&^% That’s a lot of different Technology • Yes there is, and it’s all targeted at different learning styles and different learning objectives. • Keep an Open Mind, work hard, ask questions

27. 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 (1.5) • Next n students to Tweet the correct answer will get less points (1) • Usually available for 24 hours after I send a tweet • Other vehicles – Research opportunities • Surveys • There is one you can do now, an email has been sent via WebCourses • Concept Maps • Must do 1st 8 before doing Extra-Credit Maps • Extra-credit Maps are worth 2.5 points each • Contribute to a Dipity timeline: • Accounting History • Financial Accounting – In society • Make one up on your own • Take advantage of this, remember the Rate my Professor, you can pass this course even if you do poorly on the exams (D’s).

28. To Do... • http://www.dipity.com/shornik/ACG-2021-To-Do/