VIETNAM NATIONAL UNIVERSITY
UNIVERSITY OF ECONOMICS AND LAW
FACULTY OF ACCOUNTING - AUDITING
SOCIAL REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
OUTLINE EXAM REVIEW
Course’s name: Fundamentals of Accounting (CA)
1. GENERAL INFORMATION
Course Code
: ACC1084
Credits
:4
Periods
:60
Prerequisite course
: N/A
Program
: Bachelor Degree program
Level
: For Second-year students
2. COURSE OUTLINE EXAM REVIEW:
Section
1
Contents
Chapter 1: Accounting in action:
Readings
WKK: Chapter 1
1. What Is Accounting?
2. The Building Blocks of Accounting
3. The Basic Accounting Equation
4. Using the Accounting Equation
5. Financial Statements: basic formats
2
Chapter 2: The recording process
WKK: Chapter 2
1. Accounts
2. Steps in the double-entry accounting
3. Trial balance (TB)
3
Chapter 3: Adjusting the accounts
1. Timing issues
2. Adjusting entries
WKK: Chapter 3
3. Adjusted trial balance and financial
statements
4
Chapter 4: Completing the accounting Cycle
WKK: Chapter 4
1. Using the worksheet
2. Closing entries
3. Income statement
4. Statement of retained earnings (changes in
equity)
5. Statement of financial position (classified
balance sheet)
6. Post-closing TB
5
Chapter 5: Accounting for Merchandising
WKK: Chapter 5
Operations
1. Merchandising activities
2. Merchandise purchases in perpetual systems
3. Merchandise sales in perpetual systems
4. Financial statements of merchandising
operations
6
Chapter 6: Inventories
WKK: Chapter 6
1. Inventory basics (classifications and initial
recognition)
2. Inventory costing (FIFO, periodic WAC)
3. Inventory errors (Adjustment entries)
4. End of period adjustments for Inv: Lower of
cost or net realizable value
7
Chapter 7: Cash and Internal Controls
WKK: Chapter 7
1. Petty cash
2. Bank reconciliation
8
Chap 9: Plant Assets
WKK: Chapter 9
1. Determining the cost of plant assets (land,
land improvement, building, equipment, …)
2. Depreciation
3. Revaluation of PA
4. Expenditures during useful life
5. Plant assets disposals
7. ASSESSMENT METHODS
Assignments
Cont.
Type of
Collaboration
Weights (%)
Final Exam (Closed
book – 60 minutes)
40 multiple choice
questions
Individual
50
To successfully complete this unit, students must:
• achieve a minimum of 50 marks overall,
• complete all assessment items (including making a satisfactory contribution to group work), and
• attend 80 per cent of class time
A minimum threshold mark will be set which represents a reasonable level of performance in the
final examination to convince UEL, that, in terms of independent work, as opposed to group and
/or text assisted work, students have a reasonable grasp of the basic principles of the unit. Unless
you can demonstrate such knowledge you will not be eligible for a clear pass or better in the unit
irrespective of the total mark attained.
Head of Department
Dean