Syllabus fa 2 syllabus

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NATIONAL ECONOMICS UNIVERSITY

<b><small>SCHOOL ADVANCED EDUCATIONAL PROGRAMS</small></b>

SOCIALIST REPUBLIC OF VIETNAM

<b>Independence – Freedom – Happiness</b>

<b>COURSE SYLLABUS</b>

<b>1. GENERAL INFORMATION</b>

<i>Title: Financial Accounting 2Course number: KTKE1107E </i>

Units:

- Theoretical hours: 30 - Practical hours: 15

Prerequisite: Student must be passed Accounting Principles and Financial Accounting 1 with grade at least C level.

<b>2. LECTURER’S INFORMATION</b>

2.1 Full name: NGUYEN HUU ANH Tittle: Assoc. Prof., Ph.D.

<i>Address: Room 1113 Building A1, National Economics University, Hanoi.Phone number: +84 906 163 535</i>

Email:

<i>Faculty/ Institute: School of Accounting and Auditing</i>

2.2. Full name: HA THI PHUONG DUNG Tittle: Ph.D, Senior Lecturer

<i>Address: Room 1114, Building A1, National Economics University, Hanoi.Phone number: +84 919 997 258</i>

Email:

<i>Faculty/ Institute: School of Accounting and Auditing</i>

<b>3. COURSE DESCRIPTIONS</b>

This course is about corporate financial reporting – the form and content of the mandatory financial information disclosed by the firms to the external parties (e.g., shareholders). This course is designed to provide the student with an understanding of the underlying measurement concepts and the valuation and measurement rules for tangible and intangible assets, liabilities and stockholders<small>’</small> equity, as laid down in GAAP.

The Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB) are working on convergence project to produce unified set of high-quality accounting standards. As the U.S. adopts the new International Financial Reporting Standards (IFRS), some areas of reporting may significant change. Throughout the course, we will discuss

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international accounting standard treatment of various topics, especially where differences in US GAAP and IFRS are substantial.

<b>4. LEARNING RESOURCES : COURSE BOOKS, REFERENCE BOOKS, ANDSOFTWARES</b>

<i>Kieso D., Weygandt J. and Warfield T., (2019). Intermediate Accounting,</i>

17<small>th</small> edition. The United States of America: John Wiley & Sons, Inc.

<b>OTHER REQUIRED MATERIALS & INFORMATION</b>

Vietnamese Accounting Standards.

International Financial Reporting Standards.

<b>5. COURSE GOALS</b>

This course is to provide you with a better understanding of Financial Accounting and Accounting Standards, the Conceptual Framework for Financial Accounting. The students who attend in this course are also learnt more about the accounting information system and how to present accounting information in the financial reports. In addition, after attending this course, learners will be able to value, measure and record all transactions which relate to property, plant, equipments, intangible assets,...In other words, this course will be the first step to help students being able to understand more deeply in corporate financial accounting and become good auditors in the future.

Describe the nature of property, plant, and

equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and

stockholders’ equity.

Identify and measure the valuation of property, plant, and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and stockholders’ equity.

Understand and explain accounting issues related to property, plant, and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and stockholders’ equity.

Compare the difference in application of depreciation methods, the methods of bond discount and premium amortization.

G5 Indicate how to present and analyze property, plant, and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and

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stockholders’ equity in the financial statements.

<b>6. COURSE LEARNING OUTCOMES (CLO)</b>

CLO1.2 Remember the definitions related to property, plant, and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and stockholders’ equity according to IAS.

CLO1.3 Remember the recognized conditions of property, plant, and equipment, intangible assets.

CLO1.4 Describe property, plant, and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and stockholders’ equity under US GAAP.

CLO1.5 Classify property, plant, and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and stockholders’ equity.

G2 CLO2.1 Understand the costs to include in initial valuation of property, plant, and equipment, intangible assets under US GAAP.

CLO2.2 Calculation the costs of property, plant, and equipment, intangible assets under US GAAP.

CLO2.3 <b>Identify types of current liabilities,</b>

contingencies, non- current liabilities, and stockholders’ equity.

CLO2.4 Explain the difference between current liabilities and non- current liabilities, current liabilities and contingencies.

CLO2.5 Discuss with others to understand II

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methods of depreciation.

G3 CLO3.1 Account for property, plant, and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and stockholders’ equity.

CLO3.2 Solve accounting issues individually or in

CLO3.3 Apply US GAAP in recording property, plant, and equipment, intangible assets, current liabilities and contingencies, non-current liabilities, and stockholders’ equity transactions.

CLO3.4 Apply the different methods in computation of depreciation expense, EPS, bonds valuation.

CLO3.5 Write report about a case study. IV G4 CLO4.1 Compare activity, straight-line, and

decreasing-charge methods of depreciation.

CLO4.2 Compare the difference in calculation and accounting for bond discount and premium amortization.

CLO4.3 Summary the advantages, disadvantages

and applying conditions for each method. ^IV G5 CLO5.1 Prepare data related to property, plant,

and equipment, intangible assets, current liabilities and contingencies, non- current liabilities, and stockholders’ equity according to US GAAP.

CLO5.2 Present the information about property, plant, and equipment, intangible assets, liabilities and contingencies, and stockholders’ equity in financial statements under US GAAP.

CLO5.3 Present the information about property, plant, and equipment, intangible assets, liabilities and contingencies, and stockholders’ equity in financial statements according to IASs.

<b>7. COURSE ASSESSMENT </b>

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Basically, student<small>’</small>s performance will be assessed at all time during the course. It includes:

Participation CLO2.2, CLO2.5, CLO3.1, CLO3.2, CLO3.3, CLO3.4, CLO5.1, CLO5.2,

CLO5.3, CLO5.4, CLO5.5.

CLO1.1, CLO1.2, CLO1.3, CLO1.5, CLO2.2, CLO2.3, CLO2.4, CLO3.1, CLO3.2, CLO3.3, CLO3.4, CLO5.4

Final Exam CLO2.2, CLO3.1, CLO3.3, CLO3.4, CLO4.1, CLO4.2, CLO4.3, CLO5.1, CLO5.2, CLO5.3, CLO5.4.

<b>Examinations: The final exam will be opened-books. Cell phone are notallowed. Examinations must be taken on the date and at the time scheduled.</b>

Makeup examinations will be given ONLY if the student has a documental

<b>Lecture 1: Acquisition and Disposition</b>

of Property, Plant, and Equipment

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<b>Lecture 1: Acquisition and Disposition</b>

of Property, Plant, and Equipment

<b>Lecture 2: Depreciation, Impairment </b>

& Depletion (Continued)

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<b>Lecture 3: Intangible Assets</b>

3.1. Intangible asset issues 3.2. Types of Intangibles

3.3. Impairment of Intangibles

3.4. Research and Development costs 3.5. Presentation of Intangibles and

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5.3. Long – Term Notes Payable

5.4. Reporting and Analysing long-term

<b>Lecture 6: Stockholders’ Equity</b>

6.1. Corporate form and Corporate

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<b>Lecture 7: Dilutive Securities and </b>

Earnings per Share 7.1. Dilutive Securities

7.2. Accounting for Conpensation 7.3. Computing Earnings per Share

<b>Lecture 7: Dilutive Securities and </b>

Earnings per Share (Continued)

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<b>9. COURSE REQUIREMENT & EXPECTATION</b>

<b>Class Structure/Attendance and Participation</b>

Classes will be conducted using a combination of lecture and problem solving format. Class participation is one of the most effective ways of learning the concepts, as you get instant feedback. I welcome your participation in class. It is required that you be present in every meeting. Students must give prior notice of excused absences as far in advance as possible.

<b>Classroom Etiquettes:</b>

<i><b>Use of cell phones and other communications (texting) devicesis strictly prohibited in the class room. Each instance of the use of these</b></i>

devices or disruption caused by buzzing or ringing of a cell phone will result in one point reduction in class participation grade.

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