ACC201 - PRINCIPLES OF ACCOUNTING

TRIMESTER 1 2021

Unit Guide

About Principles of Accounting

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TRIMESTER 1 2021

Contacts
Below is a list of contacts for this unit. Please liaise directly with your unit instructor regarding
appropriate consultation times. It is usually best to make contact with the staff via email.

Huynh Thi Ngoc Anh

Unit Instructor
Email: anhhuynh3003@yahoo.com

Hoang Anh Nguyen

79 Nguyen Dinh Chieu Street, District 3, HCMC

Student Advisor
Email: hoanganh@isb.edu.vn
Phone: 028.39305952

Unit overview
Accounting is the practice of recording, classifying, summarising, analysing and interpreting
information of an economic nature for the purpose of helping people make decisions. In the
world of business, the role of accounting is to support management in p roviding timely and
accurate financial information about the business so that informed decisions can be made.
This unit examines some of the basic rules and principles underpinning financial accounting,
as well as studying the practical uses of the informa tion supplied through the accounting
process.

Pre-requisites
None
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Assessment information
Learning outcomes
Learning outcomes for the unit are outlined below. Upon completion of this unit, students will
be able to:

1. Explain the role of accounting in business

2. Understand the meanings of key accounting terms

3. Identify and understand the use of different accounting records

4. Outline key accounting principles and standards

5. Complete analysis charts and record transaction details from journal to

ledger

6. Interpret and make simple corrections to a trial balance

7. Explain the difference between cash and accrual accounting methods

8. Construct basic financial statements

9. Analyze and interpret financial statements

Assessment summary
ASSESSMENT LEARNING VALUE
ASSESSMENT ITEM AND DUE DATE
NUMBER OUTCOMES (/100)

Tutorial test & Online quiz (Group or

1. individual) LO 1-9 20%
Due: Each sessions

Mid-term exam (Individual)

2. LO 1-5 20%
Due: Session 6

Group assignment (Group)

3. LO 1-9 10%
Due: Session 12

Final exam (Individual)

4. LO 1-9 50%
Due: TBA

Final marks and grades are subject to confirmation by the School Assessment Committees
which may scale, modify or otherwise amend the marks and grades for the unit, as may be
required by University policies.
 Note: To successfully complete this unit, students must:
▪ Achieve a minimum of 50 marks;
▪ Complete all assessment items; and

▪ Attend 80 per cent of class time. See attendance requirements in the section of class
policies and rules below.
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Assessment 1: Tutorial test & Online quiz (Group or

Individual) (20%)

Overview
Due: Each session

Details
This assessment includes in-class tutorial test or online quiz as homework

Tutorial tests are challenge exercises and problem questions to be answered in class (20%) by
students as groups or individuals.

Marking criteria and standards

Students will be graded 1% each for the best FIFTEEN (15) out of TWENTY (20) tutorial tests
and online quiz respectively. Tutorial test and online quiz will be based on Chapters 1,2,3,4
(before Mid Term) and Chapters 5,6,7,17,9,10 (before Final Exam).

Assessment 2: Mid-term exam (Individual) (20%)

Overview
Due: Session 6
Length: 90 minutes

Details
Multiple-choice Quiz

Marking criteria and standards

The criterion is that students must be able to select the best available answer from the
options given.

Assessment 3: Group assignment (10%)

Overview
Due: Session 12
Length: 120 minutes

Details
Decision making activities based on case study accounting issues

Marking criteria and standards

Students will be divided into group of 3-4 students and give solutions to different case study
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activities. Group assignment solutions will be submitted in hard copies to the lecturer for
marking at the end of class session .

Assessment 4: Final exam (Individual) (50%)

Overview
Due: TBA

Length: 120 minutes

Details
Exercise-70% and Problem questions-30%

Marking criteria and standards

Exercise questions and problem questions. Total is 100 marks.
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TRIMESTER 1 2021

General submission requirements

Assignment cover sheet
All assignments are to be submitted with an Assignment Cover Sheet. Group assignments are to
be submitted with a Group Assignment Cover Sheet as well as a Peer Evaluation Form. Non -
contributing team members can sometimes be an issue with group -work structured assessment.
Individual student group work scores may be adjusted as a result of peer dissatisfaction with a
particular student’s contribution to group work assignments, as reflected in submissions of the
evaluation form.

 Note: Assignment cover sheets and the evaluation form can be located on E-learning
system (http://elearning.isb.edu.vn/). Students are to keep a copy of all assignments
submitted for marking.

Submission style and method

A professional standard of presentation is expected for all assignments. Assignments should
be typed, one and a half spaced, on A4 paper. Use a simple clear format, suitable for a report
to senior management in a commercial organisation.

All assignments are required to be submitted electronically via E -learning system

(http://elearning.isb.edu.vn/) by 11:55 PM on the due date and if required, in hard copies to
the unit coordinator by the due date. The title of assignment submitted via E -learning system
shall be as follows: Student name_Unitname_Name of Assignment.

Late assignment and make-up policy

Coursework and assignments are expected to be completed within the stated time frame. No
late assignments will be accepted unless prior authori sation granted by the coordinator. In
case such an authorisation is not granted, grade deduction will be applied. The coordinator
may decide not to accept assignments that are not submitted within 3 days after the
assignment due date. However, if there are extenuating or unforeseen circumstances, an
exception may be granted at the discretion of the unit coordinator and based on a Special
Consideration Application for assessment task extension.

All quizzes, the mid-term test, group assignment and final exam must be taken on the assigned
dates. If there are extenuating or unforeseen circumstances, the unit coordinator must be
contacted prior to the quiz, mid-term, group assignment or final exam dates to authorize a
make-up if required. No make-up quiz or exam will be accepted unless a prior approval granted
by the unit coordinator based on a Special Consideration Application for a supplementary
examination

Teaching activities
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Schedule of activities
SESSIO
PROGRAM SCHEDULE WEEKLY READINGS & ACTIVITIES
N

WKK: Chapter 1

Accounting in Action H/W: WKK: Chapter 1: E1-6, E1-7, P1-4A

1
Tutorial Tutorial Test #1

Online quiz #1

WKK: Chapter 2

The Recording Process H/W: WKK: Chapter 2 –P2-1A, P2-2A

2
Tutorial Tutorial Test #2

Online quiz #2

WKK: Chapter 3

H/W:WKK: Chapter 3 –E3-3, E3-10

Adjusting the Accounts
3 H/W: WKK: Chapter 3 –E3-7
Tutorial
Tutorial Test #3

Online quiz #3

H/W: WKK: Chapter 4 –E4-1, E4-2

The Closing Process H/W: WKK: Chapter 4 – P4-1A

4
Tutorial Tutorial Test #4

Online quiz #4

WKK: Chapter 17
Statement of Cash Flows H/W: WKK: Chapter 17– E17-2,E17-5,E17-7
5
Tutorial Tutorial Test #5

Online Quiz #5

6 Mid Term Exam WKK: Chapter 1,2,3,4

Accounting Information Systems WKK: Chapter 7

H/W: WKK: Chapter 7-E7-1, E7-4

7
Tutorial Test #6

Online Quiz #6

WKK: Chapter 5

H/W: WKK: Chapter 5 –E5-1, E5-9, Ẹ5-10

Accounting for Merchandising Operations +
8 H/W: WKK: Chapter 5 –P5-1A
Tutorial
Tutorial Test #7

Online Quiz #7

WKK: Chapter 6
9 Inventories + Tutorial
WKK: Chapter 6 – E6-4, E6-7
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SESSIO
PROGRAM SCHEDULE WEEKLY READINGS & ACTIVITIES
N

WKK: Chapter 6 – E6-11, E6-14

Tutorial Test #8

Online Quiz #8

WKK: Chapter 9
WKK: Chapter 9 – E9-1, E9-4, E9-6
10 Accounting for Receivables + Tutorial
Tutorial Test #9

Online Quiz #9

WKK: Chapter 10
WKK: Chapter 10 – E10-4, E10-7
11 Plant Assets, Natural Resources + Tutorial
Tutorial Test #10

Online Quiz #10

Chapter 1,2,3,4 5,6,7,17,9,10

12 Revision
Submit Group Assignment to E-Learning

Final Exam - TBA

Tutorials
Tutorials following the lecture in each session provide students the opportunity to apply and
share knowledge by doing a variety of in-class activities individually or in group such as
exercises, discussion, and presentation. These activities focus on demo nstrating your skills
and help you build your ability to achieve the learning outcomes for this unit.
Tutorial questions/exercises will be provided in class. You will be expected to have completed
specific reading and exercises from the textbook and other required materials prior to
attending each lecture and tutorial class. If you have not prepared adequately, you will not get
the full benefit from this learning opportunity.
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Learning resources
List of readings
Prescribed Weygandt J.J., Kimmel P.D.,& KiesoD.E. (2015). Accounting Principles
Textbook (12 th ed.).John Wiley & Son (Asia) Pte Ltd. International student version.

Recommende
Not Applicable
d readings

Online resources
E-library http://search.proquest.com/login

Username: UEHCMC2010

Password: thuvien0810

E-Learning http://elearning.isb.edu.vn/

Referencing requirements
Student assignments are to contain original content created by the students. Assignments will
be rejected if they include plagiarised content or contain excessive amounts of quoted/cited
material and minimal original content. Students will receive a grade of ZERO (0%) for any
assignments rejected for this reason. Written assignments WILL BE RANDOMLY checked by
the lecturer with Turnitin.com, an online plagiarism -checking tool.

Furthermore, your reference to support your statements must be from a reliable source, such
as textbooks, additional reading materials, and reference books. However, many websites are
not reliable sources. Examples are Wikipedia.org, about.com, and ask.com. If you are not sure
if a reference is acceptable or not, please contact the l ecturer.

The Publication Manual of the American Psychological Association (APA) 6th ed ., will serve
as the primary reference materials for all students. Therefore, all papers must be submitted in
APA format. The mechanics of student papers and work will b e evaluated, as well as the
content. It is imperative that guidelines be reviewed before an assignment is begun. It is also
important that the required submission format be followed in compiling the final paper or
assignment.
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Class Policies and Rules

Attendance requirement
UEH-ISB policy requires students to enter electronic finger print before entering the classes.
Class attendance is compulsory and students should provide reasons for the failure to attend
the class on a particular lecture/workshop session. Students are required to attend a minimum
of 80% of all classes in order to secure class participation marks. Please let your lecturer
and/or UEH-ISB know if you are unable to attend any session.

Arriving to class late by 15 minutes at the beginning, arriving late by 5 minutes after the
break, or leaving prior to the scheduled end time without the permission of the lecturer will
equate to an absence. Grade reductions for the unit will be assessed when final grades are
assigned if the above absence rule is violated during the unit.

Electronic device use

Cell phones will be turned off or switched to vibrate mode before class starts. No phone ca lls
or text messaging are allowed inside classroom during class time. Portable listening and/or
music devices may not be operated in the classroom. Headphones and/or ear buds of any type
may not be worn while in the classroom whether operating or not. Lapt op and other electronic
devices are not permitted unless specifically authorised by the lecturer exclusively for note
taking and doing class work. If you are in violation of these policies you will be excused from
class and an absence will be assessed.

Email etiquette
Your teachers receive many emails each day. In order to enable them to respond to your emails
appropriately and in a timely fashion, students are asked to follow basic requirements of
professional communication. Firstly, all emails should have a concise and descriptive title,
including the class and name of the unit you are enquiring about as your teacher may be
teaching more than one unit/class. Students need to be clear about the intention of their
emails, use appropriate tone and language, proof-read what is written in the email before
sending it. Students should also allow 3-4 working days for a response before following up. If
the matter is legitimately urgent, you may indicate this in the email subject header but be sure
that the email does require an immediate response before using this strategy. If your email
request is complex and requires a lengthy response it may be probably best to make an
appointment with your teacher to meet in person.

Student behaviour guidelines

Everyone must behave professionally. Students are expected to demonstrate respect for
teacher and fellow students at all times. Behaviour that is disruptive to a positive learning
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environment reported to the teacher will result in a warning on the first instance; the seco nd
instance might result in a failing grade along with expulsion from the course or program.

Students are to be punctual at every class session and group meeting. Homework, readings
and other required assignments must be well prepared and completed as sch eduled. Students
must also actively participate in classroom activities and discussions.

Any student caught (1) cheating on an exam, (2) collaborating with others on work to be
presented, if contrary to the stated rules of the course, (3) submitting, if c ontrary to the rules
of the course, work previously submitted in another course, (4) knowingly and intentionally
assisting another student in any of the above actions, including assistance in an arrangement
whereby work, classroom performance, examination, or other activity is submitted or
performed by a person other than the student under whose name the work is submitted or
performed, or (5) plagiarising, may fail the class and be subject to further disciplinary action.
First violation will result in a grade ZERO (0%) for that assignment. Second violation will result
in a failing course grade.

Disability support services

Students with disabilities are advised that accommodations and services are available at UEH -
ISB. It is the student's responsibility to contact UEH-ISB office and submit appropriate
documentation prior to receiving such services.

Additional information
This unit guide may be revised at the discretion of the Unit Coordinator with approval from
Program Academic Director and School Academic Committee where appropriate.