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 Learning Outcomes An introduction to the basic principles of financial accounting emphasizing on the accounting concepts the basis of the financial statements 1 Communicate effectively using listening speaking reading and writing skills 2 Use quantitative analytical skills to evaluate and process numerical data 3 Solve problems using critical and creative thinking and scientific reasoning 4 Formulate strategies to locate evaluate and apply information 5 Demonstrate knowledge of diverse cultures including global and historical perspectives 6 Create strategies that can be used to fulfill personal civic and social responsibilities 7 Demonstrate knowledge of ethical thinking and its application to issues in society 8 Use computer and emerging technologies effectively 9 Demonstrate an appreciation for aesthetics and creative activities 10 Describe how natural systems function and recognize the impact of humans on the environment 1 P a g e 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 standalone with full Financial and Managerial Accounting ebook 95 00 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 P a g e Miami Dade College Kendall Campus School of Business Fall 2013 1 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 Students will take a three examinations in class covering the class material In addition there will be a cumulative final examination Course Requirements Examinations 80 of final grade 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 P a g e 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 P a g e Miami Dade College Kendall Campus School of Business Fall 2013 1 Examinations Holidays Exam 1 Chapter 1 2 3 Weekly Schedule Week of August 26 2013 Chapters Covered 1 2 September 2 2013 2 3 September 9 2013 3 Review for Test 1 September 16 2013 September 23 2013 September 30 2013 October 7 2013 October 28 2013 November 4 2013 November 11 2013 November 18 2013 November 25 2013 December 2 2013 4 5 6 8 8 9 9 11 11 Work to be completed Chapter 2 Homework Chapter 1 2 Quizzes Chapter 2 3 Homework Chapter 2 3 Quizzes Finish chapter work Chapter 4 Homework Chapter 4 Quizzes Chapter 5 Homework Chapter 5 Quizzes Chapter 6 Homework Chapter 6 Quizzes Chapter 7 Homework Chapter 7 Quizzes Chapter 8 Homework Chapter 8 Quizzes Chapter 9 Homework Chapter 9 Quizzes Chapter 11 October 14 2013 October 21 2013 Review for Exam 2 7