ACC201 - PRINCIPLES OF ACCOUNTING

TRIMESTER 3 2022

Unit Guide
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About Principles of Accounting

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.

Ms. Trang Nguyễn

Unit Instructor
Email: trangthuy.nguyen@isb.edu.vn

Mr. Đạt Huỳnh

Academic Admin
Phone: 0981 96 55 42 Email: dat.huynh@isb.edu.vn

Ms. Tuyền Nguyễn

196 Tran Quang Khai Street, Tan Dinh Ward, District 1, HCM City
Student advisor
Phone: 0928.092.834 Email: tuyen.nguyen@isb.edu.vn

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 providing 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 information
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)

Weekly Pre-class Online Quiz (Individual)

1. LO 1-9 5%
Due: Each session - 2 days Before class

Weekly Post-class Online Quiz (Individual)

2. LO 1-9 10%
Due: Each session - 2 days After class

Tutorial test (Group)

3. LO 1-9 20%
Due: Each session (in class)

Integrated Group assignment (Group)

4. LO 1-9 10%
Due: Session 11

Mid-term exam (Individual)

5. LO 1-4 20%
Due: Session 6

Final exam (Individual)

6. LO 1-9 35%
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: Weekly Pre-class Online Quiz (Individual) (5%)

Overview
Due: Each session

Details
09 online quizzes BEFORE the session in class, students do these at homework (Individual)

Each quiz contains 15 Multiple-choice questions. Time for each quiz is 35 minutes.

Marking criteria and standards

Tutorial test and online quiz will be based on Chapters 1, 2, 3, 4, 5, 6, 7, 17, 9, 10.

Assessment 2: Weekly Post-class Online Quiz (Individual) (10%)

Overview
Due: Each session

Details
10 online quizzes AFTER the session in class, students do these at homework

Each quiz contains 15 Multiple-choice questions. Time for each quiz is 45 minutes

Marking criteria and standards

Tutorial test and online quiz will be based on Chapters 1,2,3,4, 5, 6, 7, 17, 9, 10.

Assessment 3: Tutorial test (Group) (20%)

Overview
Due: Each session

Details
10 Tutorial tests are challenge exercises and problem questions to be answered in class

Marking criteria and standards

Tutorial test and online quiz will be based on Chapters 1, 2, 3, 4, 5, 6, 7, 17, 9, 10.

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Assessment 4: Integrated Group assignment (Group) (10%)

Overview
Due: Session 11
Length: 120 minutes

Details
Decision making activities based on case study accounting issues

Marking criteria and standards

Students will be divided into groups of 5-6 students and give solutions to different case study activities.
Group assignment solutions will be submitted in hard copies to the lecturer for marking at the end of class
session.
Integrated Group Assignment will be based on Chapters 1, 2, 3, 4, 5, 6, 7, 17, 9, 10

Assessment 5: Mid-term exam (Individual) (20%)

LO 1-4
Due: Session 6
Length: 75 minutes (Individual)

Details
True/False: 20 Questions and Multiple choices: 40 Questions

Marking criteria and standards

True/False questions and multiple choices questions. Total is 100 marks

Assessment 6: Final exam (Individual) (35%)

Overview
Due: TBA
Length: 120 minutes (Individual)

Details
To be confirmed

Marking criteria and standards

Exercise questions and problem questions. Total is 100 marks.

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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
(https://lms.westernsydney.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

(https://lms.westernsydney.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 authorisation is 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.

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Teaching activities
Schedule of activities

SESSION PROGRAM SCHEDULE WEEKLY READINGS & ACTIVITIES

WKK: Chapter 1

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

1 Accounting in Action Tutorial
Tutorial Test #1

Weekly Post-class Online quiz #1

WKK: Chapter 2

H/W: WKK: Chapter 2 –P2-1A, P2-2A

2 The Recording Process Tutorial Tutorial Test #2

Weekly Pre-class Online Quiz #1

Weekly Post-class Online Quiz #2

WKK: Chapter 3

H/W: WKK: Chapter 3 –E3-3, E3-10 H/W: WKK:

Chapter 3 –E3-7
Adjusting the Accounts Tutorial
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Tutorial Test #3

Weekly Pre-class Online Quiz #2

Weekly Post-class Online Quiz #3

H/W: WKK: Chapter 4 –E4-1, E4-2

H/W: WKK: Chapter 4 – P4-1A

4 The Closing Process Tutorial

Tutorial Test #4

Weekly Pre-class Online Quiz #3

Weekly Post-class Online Quiz #4

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SESSION PROGRAM SCHEDULE WEEKLY READINGS & ACTIVITIES

WKK: Chapter 5

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

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

Weekly Pre-class Online Quiz #4

Weekly Post-class Online Quiz #5

WKK: Chapter 6

WKK: Chapter 6 – E6-4, E6-7

WKK: Chapter 6 – E6-11, E6-14

Inventories + Tutorial
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Tutorial Test #6

Weekly Pre-class Online Quiz #5

Weekly Post-class Online Quiz #6

WKK: Chapter 7

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

Tutorial Test #7
7 Accounting Information Systems

Weekly Pre-class Online Quiz #6

Weekly Post-class Online Quiz #7

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SESSION PROGRAM SCHEDULE WEEKLY READINGS & ACTIVITIES

WKK: Chapter 9

WKK: Chapter 9 – E9-1, E9-4, E9-6

8 Accounting for Receivables + Tutorial Tutorial Test #8

Weekly Pre-class Online Quiz #7

Weekly Post-class Online Quiz #8

WKK: Chapter 10

WKK: Chapter 10 – E10-4, E10-7

Plant Assets, Natural Resources +

9 Tutorial Test #9
Tutorial

Weekly Pre-class Online Quiz #8

Weekly Post-class Online Quiz #9

WKK: Chapter 17

H/W: WKK: Chapter 17– E17-2,E17-5,E17-7

10 Statement of Cash Flows Tutorial

Tutorial Test #10

Weekly Pre-class Online Quiz #9

Weekly Post-class Online Quiz #10

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

11 Integrated Group Assignment
Submit Group Assignment to E-Learning

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

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,

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and presentation. These activities focus on demonstrating 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
Weygandt J.J., Kimmel P.D., & KiesoD.E. (2015). Accounting Principles
Prescribed Textbook
(12thed.). John Wiley & Son (Asia) Pte Ltd. International student version.

Recommended readings Not Applicable

Online resources
Smart Library
E-library https://smartlib.ueh.edu.vn/
Sign in with student email and password.

E-Learning https://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 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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Class Policies and Rules

Attendance requirement
UEH-ISB policy requires students to enter an electronic fingerprint 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 calls or text
messaging are allowed inside the 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. Laptop 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, and 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 teachers and
fellow students at all times. Behaviour that is disruptive to a positive learning environment reported to the
teacher will result in a warning on the first instance; the second instance might result in a failing grade
along with expulsion from the course or program.

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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 scheduled. 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 contrary 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 the 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.

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