ACC201
PRINCIPLES OF ACCOUNTING
Unit Guide
Trimester 1 2021-2022
ACC201_PRINCIPLES OF ACCOUNTING
TRIMESTER 1 2021–2022
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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
I. About Principles Of Accounting (ACC201)
Accounting is the practice of recording, classifying, summarizing, analyzing 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.
None
ACC201 PRINCIPLES OF ACCOUNTING
TRIMESTER 1 2021–2022
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II. Assessment Information
The table below outlines the unit learning outcomes (ULOs) for this unit. 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
In line with its focus on assuring students’ skills in unit learning outcomes 1-7 above, this unit is also
responsible for introducing/developing/assuring the following program-level learning outcomes
(PLOs):
1.
Knowledge & Application
Solid understanding and competency of appropriate application of business discipline-
specific knowledge.
2.
Teamwork
Effective collaboration in teamwork or other tasks in organizational settings.
3.
Critical thinking
Critical thinking through appropriate observing, analyzing and reasoning, etc.
4.
Problem solving
Effective and constructive problem solving.
ACC201 PRINCIPLES OF ACCOUNTING
TRIMESTER 1 2021–2022
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ASSESSMENT SUMMARY
Assessment tasks are an integral part of the learning framework. Assessment tasks are designed to
measure student progress in achieving unit learning outcomes.
ASSESSMENT TYPE
DUE
WEIGHT
(%)
LEARNING OUTCOMES
ASSESSED
1.
In-class participation &
discussion
–
20 %
2.
In-class Test 1 (Individual)
(90 minutes on Chapter 1,2,3,4)
Week 4
15 %
ULO1-9
PLO1,3,4
3.
In-class Test 2 (Individual)
(90 minutes on Chapter 5,6,9,10)
Week 8
15 %
ULO1-9
PLO1,3,4
4.
Group assignment and
presentation
Week 11
10 %
ULO1-9
PLO1-4
5.
Final exam (Individual)
2 hours plus 10 minutes reading
time, combination of multiple
choice, theoretical and practical
questions; all topics are
examined.
Week 13
40 %
ULO1-9
PLO1,3,4
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.
ASSESSMENT TASK DETAILS
Assessment title
In-class participation & discussion (20 %)
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: Key slides preview and further guidance and
illustration will be provided, as well as pre-prepared problems and
questions will be discussed in class, therefore, active participation is
compulsory to achieve 20% of this assessment.
ACC201 PRINCIPLES OF ACCOUNTING
TRIMESTER 1 2021–2022
Assessment length
Varies from week to week.
Criteria to grade quality
See Assessment Marking and Feedback Rubrics
Submission method
Completed in class
Return method
Completed in class. Some evidence of preparation may be
collected in class and returned the following week.
Feedback provided
Staff and peer feedback provided in class as problems and
cases discussed.
Assessment title
In-class test 1 (15 %)
Purpose, description and
topics covered
Purpose: This test provides students with an opportunity to demonstrate
their understanding of the topics covered in Chapter 1, 2, 3, 4 seminars.
Description: This test will be held in-class during Week 4. You must