MINISTRY OF EDUCATION & TRAINING

NGUYEN TAT THANH UNIVERSITY

NTT INSTITUTE OF INTERNATIONAL EDUCATION

PRINCIPLES OF ACCOUNTING
1. Course Information

Course ID 074698

Principles of Accounting
Course Name
Nguyên lý kế toán

Credits 3

Level of Training Bachelor

Major Accounting

Course Classification Foundation

Course Type Compulsory

- Prerequisite course None

Prerequisite Conditions - Requisite Courses None

- Corequisite Courses None

Total 48

- Theory/Lecture 24

- Practice/Lab 24
Contact Hours
- Other (fieldwork, seminar,
...)

- Self-study

1
 2. Course Description
The course provides an introduction to business accounting; it enables students to gain
understanding of the importance of accounting information and the profound effect that
unethical and misleading financial reports can have on a business, its owners, its
employees, its lenders, and the financial markets. Topics include accounting concepts and
principles, financial statements, internal control design, and accounting for partnerships.
Students demonstrate knowledge and comprehension of the foundational theories and
methodological tools utilized in accounting. It will introduce students to the use of
accounting information and the financial statements, the analysis of business transactions
and measuring business income.
3. Learning Resources
Required Textbooks:
[1] Belverd E. Needles Jr., Marian Powers, Susan V. Crosson (2014). Principles of
Accounting, 12th edition. South-Western: Cengage Learning.
[2] Trường Đại Học Kinh Tế Tp HCM (2016). Giáo trình Nguyên Lý Kế Toán. Nxb
Kinh Tế Tp. Hồ Chí Minh.
Reference Materials:
[3] Foundations in Accountancy FFA / ACCA Paper F3 Financial Accounting, for
exams from 1 September 2016 to 31 August 2017, BPP Learning Media.
[4] EBOOK VACPA 1.12, (http://ebook.vacpa.org.vn/) – (mục Kế toán)
[5] J. Weygandt, Paul D. Kimmel, Donald E. Kieso (2019). Accounting Principles, 13th
Edition. WileyPlus
[6] Trường Đại Học Kinh Tế Tp HCM (2016). Sách Bài Tập Nguyên Lý Kế Toán. Nxb
Kinh Tế Tp. Hồ Chí Minh.
4. Learning Outcomes

L Description I/
O T/U

1 Can explain the main concepts, principles relating to financial accounting I/T/U

Can describe and complete accounting process (analysing, recording and

2 process) in using double entries techniques for the most common business I/T/U
transactions.

Can analyse, recording business transactions in merchandise business at

3 I/T/U
conceptual level in full cycle (e.g from transactions to reports).

4 Can prepare and communicate four fundamental financial statements I/T/U

5. Assessment and Grading

Assessment Percentage to
Assessment Description
Methods LO Final Mark (%)

2
 Participatio LO Professional engagement in class activities and 10
n 1-4 contribute to lessons

LO. Assignments/Homework: questions and problems 10

Weekly 1-4 regarding weekly topics will be assigned
assignment throughout the course to prepare for the
comprehensive exams.

LO. Comprehensive exam/Assignment: assesses 30

Mid-term 1-4 student’s ability to comprehend the material
assessment presented during weekly lectures and in-class
discussions.

Final LO. Comprehensive exam/Assignment: cumulatively 50

Examinatio 1-4 assesses student’s ability to achieve objectives.
n

Grading Guidelines:
Student work is marked on the grading scale of 10. The final mark is rounded to one digit
after decimal point.
Participation is assessed through attendance and discussion participation. A student with
full attendances given 50% of the grade for participation. The other half of the grade is
allocated to students answers to in-class questions.
A course grade on 10-point scale is converted to letter-scale and 4-point grades as
follows:

Letter Grade 4-point Scale 10-point Scale

A 4 8.5 - 10

B 3 7.0 - 8.4

C 2 5.5 – 6.9

D 1 4.0 – 5.4

F 0 < 4.0

Assessment Rubrics:

LO Excellent Very good Good Satisfactory Unsatisfactory

1 As B plus: Can As C plus: Can Can describe Can describe Fail to explain
identify explain main all main most of main majority of
differences concepts in concepts, concepts, concepts of
between VAS specific principles of principles of accounting and
and those in scenarios in accounting accounting and roles of

3
 GAAP reality context. and roles of roles of accounting
accounting. accounting.

As B plus: As C plus: Can complete Can perform Fail to complete

Show capability Actively give accounting tasks required in all tasks or make
on evaluate some analysis cycle without accounting cycle majors mistakes.
2 events, issues on linked to certain errors with minor
business scenarios in mistakes.
scenarios reality.

As B plus: As C plus: Can complete Can complete Fail to complete

Show the Can give accounting accounting accounting tasks
capability on comments on process for process for required in
3 merchandise merchandise accounting cycles.
analysis and special cases in
evaluate process real context. business. business with
and situations. minor errors.

As B plus: As C plus: Can prepare Can prepare the Fail to prepare the
Assessment of Assessment of the four four four fundamental
the the fundamental fundamental financial
interrelationship interrelationship financial financial statements
4
among the four among the statements statements with
fundamental financial minor errors
financial statements’
statements components

6. Course Schedule and Contents (to be amended following specific context)

Learning
Classroom
Week Topics Outcome
activities
s

1 Introduction to Accounting LO.1.2.3. Chapter 1 [1], Do

1. Define accounting, and explain the concepts 4 exercise chapter 1
underlying accounting measurement [1];

2. Define financial position, and state the Chapter 1, 2,3 [3];

accounting equation Circular
200/2014/TT-BTC
3. Identify the four basic financial statements and (guidance on
their interrelationships accounting practice
4. Explain how generally accepted accounting for enterprises) [4]
principles (GAAP), Vietnamese Accounting
Regulation (Circular 200/2014/TT-BTC,
accounting standard) and international financial
reporting standards (IFRS) relate to financial
statements and identify the organizations that
influence GAAP. Vietnamese accounting bodies

4
 (VACPA, ministry of Finance).

The Recording Process

1. Explain how the concepts of recognition,
valuation, and classification apply to business
transactions.
2. Explain the double entry system and the
usefulness of T accounts in analyzing business
transactions Chapter 2 [1],
a) Accounts Do exercises
b) Chart of account chapter 2 [1];
c) T-account Chapter 4,5 [3];
d) Rules of double- entry Circular
2 LO.1, 2, 3 200/2014/TT-BTC
e) Normal balance
(guidance on
f) Owner equity account accounting practice
g) Accounting cycles for enterprises) [4]
3. Demonstrate how the double-entry system is
applied to common business transactions
4. Prepare a trial balance, and describe its value and
limitations
5. Record transactions in the general journal, and
post transactions to the ledger.
6. Show how the timing of transactions affects cash
flows and liquidity

3 I. Adjusting the Accounts LO.1, 2, Chapter 3,4 [1];

1. Define net income, and explain the concepts 3,4 Chapter 6 [3];
underlying income measurement. Do exercises of the
2. Distinguish cash basis of accounting from accrual chapter 3,4 [1];
accounting, and explain how accrual accounting Circular
is accomplished. (Recognise income/ expense) 200/2014/TT-BTC
3. Identify four situations that require adjusting (guidance on
entries, and illustrate typical adjusting entries. accounting practice
(Type 1, Type 2, type 3, Type 4) for enterprises) [4]
4. Prepare financial statements from an adjusted
trial balance.
II. Completing accounting cycle
5. Describe the role of closing entries in the
preparation of financial statements.
6. Prepare closing entries.

5
 7. Prepare reversing entries.
8. Prepare a work sheet.
9. Explain the importance of the work sheet and
closing entries when managing a business.

Foundation of Financial reporting

Chapter 5 [1],
And classified balance sheet
Do exercise chapter
1. Describe the objective of financial reporting, and 5 [1];
identify the conceptual framework underlying
accounting information. LO.1, 2, Chapter 17,18 [3];
4
2. Identify and define the basic components of 3,4 Circular
financial reporting, and prepare a classified 200/2014/TT-BTC
balance sheet. (guidance on
accounting practice
3. Use classified financial statements to evaluate for enterprises) [4]
liquidity and profitability.

5 Midterm exam/Assignment LO.1, 2, 3

Accounting for Merchandising Operations

1. Define merchandising accounting, and
differentiate perpetual from periodic inventory
systems.
Chapter 6 [1],
2. Describe the features of multistep and single-step
classified income statements. Do exercise chapter
6 [1]
6 3. Describe the terms of sale related to LO.1, 2,
merchandising transactions. 3, 4
4. Prepare an income statement, and record
merchandising transactions under the perpetual
inventory system.
5. Prepare an income statement, and record
merchandising transactions under the periodic
inventory system.

7 Accounting for Inventory LO.1, 2, Chapter 7 [1], Do

1. Explain the concepts underlying inventory 3,4 exercise chapter 7
accounting. [1];

2. Calculate inventory cost under the periodic Circular

inventory system using various costing methods. 200/2014/TT-BTC
(guidance on
3. Explain the effects of inventory costing methods accounting practice
on income determination and income taxes. for enterprises) [4]
4. Calculate inventory cost under the perpetual
inventory system using various costing methods.

6
 5. Evaluate inventory level, and demonstrate the
effects of inventory misstatements on income
measurement.

Cash and Receivables Chapter 8,9 [1], Do

1. Define cash equivalents, and explain methods of exercise chapter 8,9
controlling cash, including bank reconciliations. [1];
8 2. Demonstrate the use of a simple imprest (petty LO.1, 2, Circular
cash) system 3,4 200/2014/TT-BTC
3. Define receivables, and explain the allowance (guidance on
method for valuation of receivables as an accounting practice
application of accrual accounting for enterprises) [4]

Long term assets

1. Identify the classifications of long-term assets, Chapter 10 [1], Do
and describe how they are valued by allocating exercise chapter 10
their costs to the periods that they benefit. [1];
LO.1, 2, Circular
9 2. Account for the acquisition costs of property,
3,4 200/2014/TT-BTC
plant, and equipment
(guidance on
3. Compute depreciation under the straight-line, accounting practice
production, and declining-balance methods. for enterprises) [4]
4. Account for the disposal of depreciable assets.

Current liabilities and long term liabilities Chapter 11,14 [1],

1. Define current liabilities, and identify the Do exercise chapter
concepts underlying them. 11,14 [1];
10 2. Identify, compute, and record definitely LO.1, 2, Circular
determinable and estimated current liabilities. 3,4 200/2014/TT-BTC
3. Explain the concepts underlying long-term (guidance on
liabilities, and identify the types of long-term accounting practice
liabilities. for enterprises) [4]

The statement of cash flow Chapter 15,22 [1],

1. Describe the principal purposes and concepts Do exercise chapter
underlying the statement of cash flows, and 15,22 [1];
identify its components and format.
Circular
11 2. Use the indirect method to determine cash flows LO.1, 2, 200/2014/TT-BTC
from operating activities. 3,4
(guidance on
3. Determine cash flows from investing activities. accounting practice
4. Determine cash flows from financing activities. for enterprises) [4]

5. Analyze the statement of cash flows.

7
 LO.1, 2,
12 Final exam/Assignment/review
3,4

7. Course Policy and Requirements

There will be a series of interactive lectures to introduce a topic. The students are required
to read the assigned material before lectures.
Workshops will be based on problem solving exercises, case studies.
Regularly, the students will be given individual assignment which should be returned by
due date. No late submission of assignment is allowed.

8. Lecturer’s Information:

Name: Trần Quốc Tịch Qualification: MBA

Office: Contact Number: 0903926063

Email: tichtq@gmail.com Website:

Preferred communication method: Email

Approved by: Verified by: Compiled by:

Bùi Thị Hạnh Trần Quốc Tịch