Principles of Accounting (ACC101)
Vietnamese title: Nguyên lý kế toán
Credits: 3

Description:
Main objectives:
Upon completion of this course, students should:
1. Have clear understanding of ideas, principles, and techniques of accounting
2. Have the knowledge and tools to better understand business performance issues, and the decisions and problems faced by managers;
3. Understand the important role of accounting and finance in all organizations, in all jobs, and its link with the development of increasingly sophisticated IT systems.
Specific objectives :
1. Recognize and organize accounting transactions
2. Classify and calculate correctly in terms of revenue, cost, profit or loss in an account
3. Be able to prepare comprehensive and accurate financial statements
Description:
The main content is structured into twelve chapters covering Financial Accounting, Management Accounting, and Business Finance.
Topics include: business transaction, financial statement format and analysis, inventory and accounts receivable, type of assets and liabilities, costing classification, master budget and capital budgeting
A key feature of this course is the integration of artificial intelligence (AI) tools and applications, which enable students to constructivist questions while maintaining their critical thinking and originality.

Learning outcomes:
Develop and understand the nature and purpose of financial statements in relationship to decision making
Develop the ability to use the fundamental accounting equation to analyze the effect of business transactions on an organization’s accounting records and financial statements
Develop the ability to use accounting concepts, principles, and frameworks to analyze and effectively communicate information to a variety of audiences
Understanding Value Added Tax and updating on Vietnamese accounting policy.
Being able to develop an accounting budget
Shows self-reliance when working independently and collaboratively

Student tasks:
- Class attendance is strongly encouraged. Attend at least 80% of class hours in order to be accepted to the final examination
- Actively participate in class activities
- Fulfill tasks given by instructor after class
- Use their own laptop in class only for learning purpose
- Read the textbook in advance
- Access the course website (http://flm.fpt.edu.vn) for up-to-date information and material of the course, for online supports from teachers and other students and for practicing and assessment.

Tools:

Materials:
description: Fundamental accounting principles
author: Wild, Larson, Chiappetta
publisher: Mc Graw-Hill
published_date: 2013
description: Principles of Accounting
author: Wild, Shaw, & Chiappetta
publisher: McGraw Hill
published_date: 2009
description: Fundamental accounting principles
author: John J. Wild, Winston Kwok, Sundar Venkatesh
publisher: McGraw Hill
edition: 3rd
isbn: 9789814923378
note: Chọn một trong ba sách. Ưu tiên ấn bản mới nhất.
description: AI in office
https://www.coursera.org/learn/copy-of-generative-ai-essentials-for-educators/
publisher: Coursera - FPT
description: AI foundations for everyone
https://www.coursera.org/specializations/ai-foundations-for-everyone#courses
publisher: Coursera
description: Ethics of Artificial Intelligence https://www.coursera.org/learn/ethics-of-artificial-intelligence
publisher: Coursera

Assessments:
category: Class Participation
type: on-going
weight: 10.0
question_type: LO6
category: Essay test
type: on-going
weight: 10.0
duration: OP1: 60 minutes; OP2: (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO2, LO3, LO4, LO5
knowledge_and_skill: OP1: Essay question of 2-3 exercises; OP2: (For Constructivism Approach only): Follow lecturer's proposal
grading_guide: OP1: Comprehensive understanding learned chapters so farOP2: (For Constructivism Approach only): Follow lecturer's proposal
note: OP1: by instructor in the class
OP2: (For Constructivism Approach only): Follow lecturer's proposal
category: Group Assignment
type: on-going
weight: 15.0
duration: OP1: Presentation in class and report submission; OP2: (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO2, LO3, LO4, LO6
no_question: OP1: Group problem solving: Suggestion: Using knowledge so far to find out the problem in financial management of any company at home or abroad, give explanation and find out the lesson behind ; OP2: (For Constructivism Approach only): Follow lecturer's proposal
knowledge_and_skill: OP1: Comprehensive exercise applying a business event; OP2: (For Constructivism Approach only): Follow lecturer's proposal Report of 1500-2000 words
grading_guide: OP1: Thinking creatively, making decisions, solving problems,Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity. OP2: (For Constructivism Approach only): Follow lecturer's proposal
note: OP1: Either given by instructor or students are free to choose business cases
OP2: (For Constructivism Approach only): Follow lecturer's proposal
category: Individual Assignment
type: on-going
weight: 10.0
duration: OP1:At home and report submission; OP2: (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO1, LO2, LO6
no_question: OP1: Suppose you are starting a new business in merchandise industry. Based on transaction analysis, prepare General Journal for the first month of operating. Produce Income statement and Balance sheet in good form. (All necessary formats provided by Instructor); OP2: (For Constructivism Approach only): Follow lecturer's proposal
knowledge_and_skill: OP1: Report of 1000-1500 words. OP2: (For Constructivism Approach only): Follow lecturer's proposal
grading_guide: OP1: Integration of studied knowledge and skillsOP2: (For Constructivism Approach only): Follow lecturer's proposal
note: OP1: Students are free to create business activities
OP2: (For Constructivism Approach only): Follow lecturer's proposal
category: Mid-term test
type: on-going
weight: 15.0
duration: OP1: In class (60 minutes); OP2: (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO1, LO2, LO3
no_question: OP1: Suggestion: Comprehensive exercises ; OP2: (For Constructivism Approach only): Follow lecturer's proposal
knowledge_and_skill: Op1: Exercises; OP2: (For Constructivism Approach only): Follow lecturer's proposal
grading_guide: OP1: Integration of studied knowledge and skills; OP2: (For Constructivism Approach only): Follow lecturer's proposal
note: Op1: by instructor in the class; OP2: (For Constructivism Approach only): Follow lecturer's proposal
category: Quizzes
type: on-going
weight: 10.0
duration: OP1: In class (30 minutes); OP2: (For Constructivism Approach only): Follow lecturer's proposal
question_type: LO1, LO2, LO3
no_question: OP1: Multiple choice questions or calculation ; OP2: (For Constructivism Approach only): Follow lecturer's proposal
knowledge_and_skill: OP1: 15 Multiple choice questions or calculation; OP2: (For Constructivism Approach only): Follow lecturer's proposal
grading_guide: OP1: Integration of studied knowledge and skills
OP2: (For Constructivism Approach only): Follow lecturer's proposal
note: OP1: As solution
OP2: (For Constructivism Approach only): Follow lecturer's proposal
category: Final exam
type: Final exam
weight: 30.0
duration: 60 minutes
question_type: LO1, LO2, LO3, LO4, LO5
no_question: Multiple choice
knowledge_and_skill: Multiple choice of 50 questions from question bank
grading_guide: Comprehensive understanding chapters so far
note: By Exam board

Schedule:
session: -Course Overview
-Introduction to AI Integration into the Course
Chapter 1: Accounting in business
1. Importance of accounting
learning_outcomes: IT
materials: ACC101_Chapter8-14
session: Chapter 1: Accounting in business (cont)
2. Fundamental of accounting
learning_outcomes: I
T
materials: ACC101_Chapter1-7
session: Chapter 1: Accounting in business (cont)
3. Transaction analysis and the accounting equation
learning_outcomes: I
T
session: Chapter 1: Accounting in business (cont)
4. Financial statements
learning_outcomes: IT
session: Exercise Activities: Chapter 1
About Business Transaction
learning_outcomes: I
T
session: Exercise Activities: Chapter 1 (cont)
About Business Transaction
learning_outcomes: I
T
session: Chapter 2: Analyzing and recording transaction
1. Analyzing and recording process
learning_outcomes: I
T
session: Chapter 2: Analyzing and recording transaction (cont)
2. Analyzing and processing transaction
learning_outcomes: I
T
session: Chapter 2: Analyzing and recording transaction (cont)
3. Trial balance
learning_outcomes: I
T
session: Individual Assignment Release
learning_outcomes: U
session: Exercise Activities: Chapter 2
About Trial Balance
learning_outcomes: U
session: Exercise Activities (cont): Chapter 2
About Trial Balance
learning_outcomes: U
session: Quiz1 (chapters 1,2)
learning_outcomes: I
T
session: Group Assignment Release
Chapter 3 : Adjusting accounts and preparing financial statement
1. The accounting period
learning_outcomes: I
T
session: Chapter 3 : Adjusting accounts (cont)
2. Accrual basic vs. cash basis
learning_outcomes: I
T
session: Chapter 3 : Adjusting accounts (cont)
3. Adjusting account
learning_outcomes: I
T
session: Exercise Activities: Chapter 3 about Adjusting process
learning_outcomes: U
session: Exercise Activities (cont): Chapter 3 about Adjusting process
learning_outcomes: U
session: Chapter 4: Accounting cycle
1. Work sheet as a tool
learning_outcomes: I
T
session: Chapter 4: Accounting cycle (cont)
2. Closing process
learning_outcomes: I
T
session: Chapter 4: Accounting cycle (cont)
3. Accounting cycle
learning_outcomes: I
T
session: Chapter 4: Accounting cycle (cont)
4. Preparing financial statement
learning_outcomes: I
T
session: Exercise Activities: Chapter 4
About Closing process and preparing Financial statement
learning_outcomes: U
session: Exercise Activities (cont): Chapter 4
About Closing process and preparing Financial statement
learning_outcomes: U
session: Quiz 2 (Chapter 3,4)
learning_outcomes: I
T
session: Chapter 5: Accounting for Merchandising operations 1. Merchandising Activities
2. Accounting for Merchandise purchase
learning_outcomes: I
T
session: Chapter 5: Accounting for Merchandising operations (cont)
3. Accounting for Merchandise sales
learning_outcomes: I
T
session: Chapter 5: Accounting for Merchandising operations (cont)
4. Completing the Accounting cycle
5. Financial statement formats
learning_outcomes: I
T
session: Individual Assignment guidelines Group Assignment guidelines
Exercise Activities: Chapter 5
About Accounting for Merchandising operations
learning_outcomes: U
session: Exercise Activities (cont): Chapter 5
About Accounting for Merchandising operations
learning_outcomes: T
U
session: Mid-term test (chapters covered so far)
session: Chapter 6: Accounting Inventories (current assets)
1. Inventory basic
2. Internal costing under a perpetual system
learning_outcomes: I
T
session: Chapter 6: Accounting Inventories (current assets)
3. Valuing inventory at LCM
learning_outcomes: I
T
session: Chapter 6: Accounting Inventories (current assets) (Cont)
3. Valuing inventory at LCM
learning_outcomes: I
T
session: Exercise Activities: Chapter 6
learning_outcomes: U
session: Exercise Activities (cont): Chapter 6
learning_outcomes: U
session: Chapter 8: Cash and Internal Controls
1. Control of Cash
2. Banking activities as controls (Bonus - optional)
learning_outcomes: I
T
session: Chapter 8 (cont): Cash and Internal Controls
3. Cashflow statement
learning_outcomes: I
T
session: Chapter 9: Accounting receivable:
1. Accounting receivable
learning_outcomes: T
session: Chapter 9: Accounting receivable (cont):
2. Notes receivable
learning_outcomes: T
session: Chapter 9 (cont): Accounting receivable:
3. Disposing of receivables
learning_outcomes: T
session: Exercise Activities: Chapter 9 about Accounting receivable
learning_outcomes: U
session: Chapter 10: Plant assets, natural resources and intangibles
1. Plant assets
learning_outcomes: T
session: Chapter 10 (cont): Plant assets, natural resources and intangibles
1. Plant assets
learning_outcomes: T
session: Chapter 10 (cont): Plant assets, natural resources and intangibles
2. Natural resource
learning_outcomes: T
session: Chapter 10 (cont): Plant assets, natural resources and intangibles
2. Natural resource
learning_outcomes: T
session: Chapter 10 (cont): Plant assets, natural resources and intangibles
3. Intangibles assets
learning_outcomes: T
session: Chapter 10 (cont): Plant assets, natural resources and intangibles
3. Intangibles assets
learning_outcomes: T
session: Exercise Activities: Chapter 10 about Plant assets, natural resources and intangibles
learning_outcomes: T
U
session: Essay Test*
learning_outcomes: T
U
session: Chapter 11: Current liabilities
1. Characteristic of liabilities
2. Known liabilities
learning_outcomes: I
T
session: Chapter 14: Long –term liabilities
1. Basic of bonds
2. Bond issuances
learning_outcomes: I
T
session: Chapter 13: Accounting for Corporations
1.Corporate Form of Organization
2. Basics of Capital Stock
learning_outcomes: I
T
session: Chapter 13 (cont): Accounting for Corporations
3. Preferred Stock
4. Statement of Retained Earnings
learning_outcomes: I
T
session: Introduction to VAT in Vietnammese Accounting System
learning_outcomes: T
U
session: Course Revision
learning_outcomes: T
U
session: Individual Assignment Submission
learning_outcomes: T
U
session: Group Assignment Presentation
learning_outcomes: T
U
session: Group Assignment Presentation (cont)
learning_outcomes: U
session: Group Assignment Presentation (cont)
learning_outcomes: U