Professional Documents
Culture Documents
Unit 5:
Accounting principle
Assignment 1 - Guidelines
Edmodo: https://new.edmodo.com/groups/qt20-
36360402/small_groups/s3-accounting-principles-38185212/posts
Google drive:
https://drive.google.com/drive/folders/1rWFYbfXF3_lr0N0xdH1f6lR6KoOf
WYpl
Soft Copy and Hard Copy Submission with all documentation
19/12/2021 (Sunday)
Edmodo and Office if Possible
1. The submission is in the form of a portfolio of an online blog and a memorandum with an
accompanying Excel spreadsheet.
For the blog:
It should make use of headings, sub-sections, columns and appropriate business- related images and illustrations.
The recommended word limit for the case study is 1,500–2,000 words, although you will not be penalised for going under or
exceeding the total word limit
For the memorandum:
The memorandum must be inserted with the Excel spreadsheet (raw data have been uploaded in Google drive, Mr. Vu will
discuss it more).
The recommended word limit for the memorandum is 1,000–1,500 words, although you will not be penalised for going under or
exceeding the total word limit.
2. All work must be supported with research and referenced correctly using the Harvard referencing
system (or alternative referencing system).
3. You will need to provide a bibliography using the Harvard referencing system (or an alternative
referencing system). Inaccurate use of referencing may lead to issues of plagiarism if not applied
correctly.
4. Students need to submit a hard copy and soft copy (Edmodo)
5. Ensure you include Turnitin report in your submission.
1. Cover Page
You need to fill out informations includings: Student Name/ID Number, Unit Number and Tittle, Academic Year, Unit Assessor,
Assignment Number and Tiltle, Issue Date, Submission Date. Apart from IV name and Date you can skip it.
The color of cover page will be follow CIE’s guidance
2. Assignment Brief.
3. Learning Outcomes and Assessment Criteria.
4. Student Submission and Declaration: should be filled out all information and remember to sign before submitting.
5. Turnitin checking evidence
6. Student Feedback Form
7. Table of Contents
8. Main body of Report ( Introduction Main content Conclusion)
9. Reference: Harvard referencing system (what is it? How to do?)
Notes: The standard of Word presenting, you should install Microsoft Word on your laptop
- Font: Time New Romans; Size: 12; Assignment needs to be aligned justify; Type the page number at the bottom of each page.
P/S: I uploaded a template of the final assignment documents on Google drive. Just follow its layout!
Useful link:
https://guides.lib.monash.edu/ld.php?content_id=8481587 (eng)
https://hodactuc.files.wordpress.com/2009/09/tom-tat-ghi-tham-khao-he-thong-harvard.pdf (vi)
For example:
In-text Citation:
• One author:
• According to Larsen (1971) , this theory was firstly introduced in 1970.
• This theory was first introduced in 1970 (Larsen 1971)
Journals:
Ross, N. (2015). On Truth Content and False Consciousness in Adorno’s Aesthetic Theory. Philosophy Today, 59(2), pp. 269-290.
E-journals: Raina, S. (2015). Establishing Correlation Between Genetics and Nonresponse. Journal of Postgraduate Medicine, [online] Volume 61(2), p.
148. Available at: http://www.proquest.com/products-services/ProQuest-Research-Library.html [Accessed 8 Apr. 2015].
Website:
Messer, L. (2015). ‘Fancy Nancy’ Optioned by Disney Junior. [online] ABC News. Available at: http://abcnews.go.com/Entertainment/fancy-nancy-
optioned-disney-junior 2017/story?id=29942496#.VRWbWJwmbs0.twitter [Accessed 31 Mar. 2015].
Mms.com, (2015). M&M’S Official Website. [online] Available at: http://www.mms.com/ [Accessed 20 Apr. 2015].
E-book/pdf:
Robin, J. (2014). A handbook for professional learning: research, resources, and strategies for implementation. 1st ed. [pdf] New York: NYC Department of
Education. Available at http://schools.nyc.gov/ [Accessed 14 Apr. 2015].
Useful tools:
Cite This For Me: http://www.citethisforme.com/
Harvard Generator: http://www.harvardgenerator.com/
Google scholar: https://scholar.google.com/
LO1 Examine the context and purpose of accounting.
LO4 Prepare budgets for planning, control and decision making using
spreadsheets.
Deloitte is a multinational professional service company that undertakes extensive business consultancy
work for their client base. They have a central London head office and regional offices in the UK in
Birmingham and Southampton. Last year, the group turnover was £200 m with 25 per cent deriving from
non-UK markets, principally in Southeast Asia. They have a small regional office in Vietnam. The firm
also has a policy of taking on smaller niche clients, where they feel there is potential for fast growth.
You have recently joined the firm as a Graduate Trainee attached to their UK SME (Small and Medium
Enterprises) Unit, offering accountancy and financial services to businesses that typically have a turnover
ranging from £0.5 m to £15 m. As part of your ongoing training, you have been asked to undertake some
activities.
Prepare a blog to market and promote the Deloitte’s accounting service to the new and existing clients.
- The working title you have been given for the blog is ‘The role of accounting in an organisation’.
- The blog must be presented as an online blog in an engaging and practical way, covering relevant
academic theory, making use of, for example, headings, images and illustrations.
- The blog should include the following, but is not limited to:
1. the purpose and scope of accounting in complex operating environments
2. a critical evaluation of the accounting function in informing decision making and meeting
stakeholder and societal needs and expectations
3. the main branches of accounting and job skillsets and competencies
4. accounting systems and the role of technology in modern-day accounting
5. issues of ethics, regulation and compliance and the extent to which they are constraints or threats to
the organisation.
Learning Outcomes and Assessment Criteria
Pass Merit Distinction
1. DELOITTE OVERVIEW
A short introduction of Deloitte in Vietnam
Accounting function in informing decision making to meet organisational needs and expectations.
P1: Examine the structure of accounting function within an organisation to show the its
roles in the organisation (i.e., showing the chart, explain each the functions in the chart,
explain why fuctions contribute to organisational performance, etc..)
3. THE ROLE OF ACCOUNTING FUNCTION: A CRITICAL ANALYSIS
Accounting function in informing decision making to meet stakeholder and societal needs and
expectations.
D1: Critical evaluation about how to present information in a reliable,
accurate, timely and persuasive way to satisfy needs of internal and
external stakeholders (i.e, evaluate the trade off between benefit and
cost, the benefits, risk and limitations of management accounting,
weighing up the importance of component qualities, etc..)
Main contents: the main branches of accounting and job skillsets and competencies
P1: Illustrate different branches of accounting by the figure/chart. Explain each of branches of
accounting in the figures.
M1: Relying on the branches of accounting, make a clear link to the role of accounting in commercial
finance, e.g. cost analyst, business controller, pricing professionals and the global business services, e.g.
purchase to pay (P2P) professionals and report to report (R2R) professionals, respectively. Explain each
role of accounting in commercial finance and suggest key skills and competences for each role.
P1: Explain the career opportunities in accounting and roles and responsibilities, e.g. accounts clerk,
accounts assistant, qualified accountant, respectively.
M1: From this point, make clear the skills required for positions in accountancy and finance, e.g.
numerical skills, problem solving, integrity, negotiation, customer service. You must explain why those
skills should be required for each certain roles.
Possible related distinction topics:
Understanding the accountancy professional bodies: in the world? in Vietnam? Comparison.
Explain why the accountants should be “qualified” . Indicate why the “qualified accountants”
will work (best) or not? etc,..
5. ACCOUNTING SYSTEM AND INFORMATION TECHNOLOGY APPLICATION
Main contents: accounting systems and the role of technology in modern-day accounting
P1: Explain the financial accounting system (R2R process) and the management accounting system (i.e.,cost
accounting, job costing, inventory accounting) to inform decision making.
You should: - define FA system and MA system
- explain each stage/section of each system
- explain the role of two systems
- explain the differences between 2 systems on several criteria (i.e., scope, outcomes, users
and use, requirements, regulations, frequency, etc.)
M1: Evaluate the role of supporting and new information technologies to support accounting and decision
making.
You should: - Examine the difference between manual and computerized accounting or analyse how the
accounting work change with the support of IT.
- Propose the appropriate reasons for applying information technology (IT) in accounting.
D1: Critical evaluation the effect of information technology on conformity of accounting system with
business environment changes.
You should: - Analyse the significant causal effect amongs IT, accounting system, and business
environments. Using the chart or digram to show the causality.
- Make reasoned judgments to the strengths and weakness of applying IT in accounting.
6. THE CHANGING OF ACCOUNTING FACES: RULES AND REGULATIONS, ETHICS ISSUES
Main contents: issues of ethics, regulation and compliance and the extent to which they are
constraints or threats to the organisation. (Ref. FA1.2 & FA2.1)
P2: Assess the requirement, rule and regulation constraints of financial accounting (i.e., national laws,
accounting standards, IAS/IFRS, GAAP, the quantitative characteristics of information,…) .
M1/D1: Make your strong opinions about whether they constraints or threats to the organisation. Prove your
ideas by a wide range of academic sources.
THE REGULATION SYSTEM
6. THE CHANGING OF ACCOUNTING FACES: RULES AND REGULATIONS, ETHICS ISSUES
P1: - how the business environment has changed
- explain why accounting must change corresponding to the change of business environment.
- If so, how it has changed
M1: - make a clear relationship the effect of fast-changing business environment to accounting system in an
organisation (i.e., increased regulation and accountability, ethics issues, the role of FASB and IFRS, cost
management, etc..).
- Make strong conclusions about these relations.
D1: - show why the change of accounting is relevant or suitable for the fast-changing business environment.
Using the diagram, chart, research figures, … would be useful.
- evaluate the corresponding significant between accounting change and business environment changes
REMEMBER:
Stick to the assignment brief
Use Harvard Referencing
Read the learning outcome criteria
Read the grading criteria