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PRINCIPLES OF ACCOUNTING
Unit Guide
Trimester 1 2022
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ACC201_PRINCIPLES OF ACCOUNTING
TRIMESTER 2 2022
CONTACTS
Unit Instructor Manoj Menon (Senior Lecturer)
Email: Manoj.menon@isb.edu.vn
Ms. Nhung Nguyen (Lecturer)
Email: nhung.nguyen@isb.edu.vn
Mr. Hieu Tran (Lecturer)
Email: hieu.tran@isb.edu.vn
Program Administrator An Nguyen
17 Pham Ngoc Thach Street, District 3, HCM City
Phone: 08 54465555 Email: an.nguyen@isb.edu.vn
UNIT OVERVIEW
PRE-REQUISITES
None
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ACC201 PRINCIPLES OF ACCOUNTING
TRIMESTER 2 2022
ASSESSMENT SUMMARY
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Assessment tasks are an integral part of the learning framework. Assessment tasks are designed to
measure student progress in achieving unit learning outcomes.
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 percent of class time. See attendance requirements in the section of class
policies and rules below.
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Purpose and description Purpose: Part of active student learning, this assessment tests
students’ engagement to acquire knowledge across all topics in the
unit, and their ability to discuss and debate, apply and
communicate that knowledge to solve problems.
Description: This test will be held during Week 7. You must attend the
lecture in which you are enrolled to take this test. You should be
prepared to complete recording journal entries, adjusting entries,
geneal ledger as well as preparing financial statements, including
balance sheet, income statement, owner’s equity statement, trial
balance.
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Criteria to grade The following criteria will be used to assess the exam papers:
quality 1. Correct answers to the questions.
2. Demonstrated discipline knowledge - understanding of theories,
concepts and frameworks.
Return method Written feedback will be provided to each student. All the results will
appear on www.e-learning.isb.edu.vn
Feedback provided The report will summarise marks awarded for each correct answer to
the provided questions.
Description: This test will be held during Week 11. You must attend
the lecture in which you are enrolled to take this test. You should be
prepared to complete the questions on accounting for merchandising,
recognizing perpeptual and periodic system, understanding account
receivable and its terms, calculating depreciation for plant assets.
Criteria to grade quality The following criteria will be used to assess the exam papers:
1. Correct answers to the questions.
2. Demonstrated discipline knowledge - understanding of theories,
concepts and principles.
Return method Written feedback will be provided to each student. All the results will
appear on www.e-learning.isb.edu.vn
Feedback provided The report will summarise marks awarded for each correct answer to
the provided questions.
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ACC201 PRINCIPLES OF ACCOUNTING
TRIMESTER 2 2022
Description: This test will be held during Week 14. You must attend
the lecture in which you are enrolled to take this test. You should be
prepared to complete the questions on accounting for merchandising,
recognizing perpeptual and periodic system, understanding account
receivable and its terms, calculating depreciation for plant assets.
Criteria to grade quality The following criteria will be used to assess the exam papers:
3. Correct answers to the questions.
4. Demonstrated discipline knowledge - understanding of theories,
concepts and principles.
Return method Written feedback will be provided to each student. All the results will
appear on www.e-learning.isb.edu.vn
Feedback provided The report will summarise marks awarded for each correct answer to
the provided questions.
Description: A two-hour final examination for this unit will be held during
International School of Business Examination period. The questions for the
final examination will be sourced from any of the topics covered during
the term of the unit. The structure of the final examination will be
provided in the week prior to the examination date. This is a close-book
examination.
Criteria to grade The following criteria will be used to assess the exam papers:
quality 1. Correct answers to consolidation worksheet entries
2. Demonstrated discipline knowledge - understanding of theories, concepts
and frameworks.
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Submission method -
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Classes ▪ This unit provides 24 sessions (12 x 3 hours Senior Lecturer and 12 x 2 hours
Associate Lecturer
Textbook ▪ Weygandt J.J., Kimmel P.D.& Kieso D.E. (2015). Accounting Principles
(12thed.).John Wiley & Son (Asia) Pte Ltd. International student version.
Reference
▪ Not Applicable
books
E-library http://search.proquest.com/login
Username: UEHCMC2010
Password: thuvien0810
E-learning https://e-learning.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 lecturer.
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 be 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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SCHEDULE OF ACTIVITIES
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Inventory system
- Prepare Multi-step and Single-step Income
Statements
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Equipments).
- Capital vs Revenue Expenditure.
- Valuation of PPE based on depreciation
F2F methods.
15 Plant Assets
(Offline) - How to account for the disposal of Plant
Assets. (discard, trade and exchange)
- How Plant Assets are reported and analyzed
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E18-3
F2F - Revision of Chapters covered in Test 1 & 2
21 Revision WKK: Chapter 3,4,5,6,9,10
(Offline)
13
- Exam Review
22 Online/Offline Practical #11
- Exam Review
14 Online/Offline Practical #12
24
E-learning In-class Test #3 WKK: Chapter 17 & 18
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PRACTICAL
Practicals 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 demonstrating your skills and help you build
your ability to achieve the learning outcomes for this unit.
Practical 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 practicals class. If you have not prepared adequately, you will not get the full
benefit from this learning opportunity. Attendance at Practicals are COMPULSORY to receive a
full grade for the in-class tests. Absentees will receive marks penalty for absence at these
sessions.
Sources
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 lecturer.
Attendance
Students are required to attend a minimum of 80% of all classes (which normally 12/15 sessions).
Other cases equating to an absence:
▪ Arriving to class late by 15 minutes at the beginning,
▪ Arriving late by 5 minutes after the break
▪ Leaving prior to the scheduled end time without the permission of the lecturer
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If you are unable to attend any session, please let your lecturer know AND submit a request for
absence form to program administrator prior to the session.
MPORTANT: Students will not be allowed to sit in the final examination if violating the above
absence rule.
Electronic devices are not allowed:
▪ Cell phones will be turned off or switched to vibrate mode before class starts.
▪ No phone calls or text messaging are allowed inside classroom during class time.
▪ Portable listening and/or music devices may not be operated in the classroom.
IMPORTANT: If you are in violation of these policies you will be excused from class and an absence
will be assessed.
Grades
Final marks and grades are subject to confirmation by the ISB Examinations Committee which may
adjust, modify or otherwise amend the marks and grades for the unit, as may be required by SIBT
policies. SIBT’s Examinations Committee has a set of guidelines on the distribution of grades across
the range from Fail to High Distinction. Final results will include a grade.
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FA Fail Absent Required assessment tasks within the unit are not
completed and the student has not withdrawn. It is
included in the GPA calculation.
Note that your raw coursework and exam scores cannot be used directly to calculate your
standardized mark or to determine your final grade. The process of assigning grades involves
moderating the performance indicated by your raw scores against the academic standards.
Email etiquette
Your lecturers 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.
Your emails should:
▪ Have a concise and descriptive title, including the class and name of the unit you are
enquiring about
▪ Be clear about the intention of their emails
▪ Use appropriate tone and language, proof-read what is written in the email before sending
it.
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Students should also allow 3-4 working days for a response before following up. If the matter is
legitimately urgent, you may indicate “URGENT” in the email subject header.
Make an appointment: If your email request is complex and requires a lengthy response it may be
probably best to make an appointment with your lecturer/instructor to meet in person.
Additional information
This unit guide may be revised at the discretion of the Academic Department with approval from
Program Academic Director and School Academic Committee where appropriate.
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