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Introduction/Rationale for Fundamental Accounting Principles |
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Accounting is often called the language of business. It provides useful financial information to business people and helps them to make rational investment, credit and other important decisions. Understanding the principles of accounting will influence many of your future professional decisions and those of your employer.
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Course Objectives |
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This course is designed to give students a basic understanding of accounting principles. By participating in this course, registered students will learn:
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1. |
What is the accounting environment? |
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How accounting is used in business decision-making? |
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How to record business transactions? |
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How to adjust accounts? |
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5. |
The accounting cycle. |
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How to make and use a classified balance sheet? |
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7. |
What are the various types of merchandising transactions? |
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8. |
How to make and use a classified income statement? |
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9. |
How to measure and report inventories? |
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10. |
How to control cash? |
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In this course, registered students will receive advice and guidance from experienced course facilitators and also be able to communicate with and learn from other registered classmates. Students will be introduced to supplemental online information about accounting and have online access to an up to date textbook. |
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Structure, schedule and assignments |
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This course runs for 15 weeks. During this time students will study 10 topics. Each topic will require a combination of self-study, interaction with your classmates and course facilitators and the submission of required assignments. Topics are divided into lessons and each topic has at least one associated assignment. Some may have more. Registered students should be prepared to allocate approximately 5 hours of work per week to read the course lessons and assigned textbook chapters, participate in the online class discussions and complete the assignments. Many of you may want to also visit the recommended external Websites. The course format is quite flexible in that it allows students to work on the lessons at the times they find most convenient. However, it is also structured in that participants are required to follow a schedule and keep up with the rest of the class. |
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The schedule for the 8 topics and corresponding assignments can be found in the table below: |
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Topic |
Duration |
Assignments/Exercises |
1.
The Economic Problem |
1week |
| 1. |
Send an introductory email to everyone in the class. |
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Send a brief email note to the course facilitators with a question about the course, a technical problem or eLearning in general. |
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Access the course Discussion Board, post a short comment about your learning expectations and then respond to a posting from a classmate. |
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Upload a document file to the course Website. |
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2.
Accounting Environment, Accounting and its use in Business Decisions |
1week |
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3.
Recording Business Transactions |
1week |
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4.
Adjusting the Accounts |
2week |
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Mid-semester Examination |
1week |
Appear at the assigned testing center at a specified time and date to take the examination. |
5.
Accounting Cycle and Classification of Balance Sheet |
2week |
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6.
Merchandising Transactions, Introduction to Inventories and Classified Income Statement |
2week |
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7.
Measuring and Reporting Inventories |
5week |
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8.
Controlling Cash |
2week |
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Final Examination |
1week |
Appear at the assigned testing center at a specified time and date to take the examination. |
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Target Audience |
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This course is designed for Khmer speaking business students either enrolled in one of IICUT’s degree programs or interested in improving their knowledge of basic business concepts and practices. Participants should have access to an Internet connected computer, basic computer skills (typing, email, Web browser and file management) and a good understanding of Khmer. |
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Grading and Student Assessment |
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The grading system for IICUT online students is the same as is used to evaluate and reward IICUT students attending classroom courses at the Institute in Phnom Penh. Soon after submitting an assignment, instructors will evaluate the student’s work and award a grade. The grade will be posted to the student’s online gradebook with justifications. Students can view the grades on their assignments and exams by visiting the online [Gradebook] page.
In this course, a final grade will be calculated based on the following: |
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Class attendance and participation – 10% |
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Assignments – 20% |
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Mid-semester examination – 20% |
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Final examination – 50% |
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The table below indicates the grades, associated points, description and the score range associated with grades awarded. |
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| GRADE |
POINT |
DESCRIPTION |
PERCENTAGE |
| A |
4 |
High Distinction |
85-100 |
| B |
3 |
Distinction |
75-84 |
| C |
2 |
Credit |
65-74 |
| D |
1 |
Pass |
50-64 |
| CP |
1- |
Conceded Pass |
47-49 |
| F |
0 |
Fail |
47 |
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Textbook |
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The required textbook for this course is: |
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Fundamental Accounting Principles, by CHOU Somphoas
Students can purchase the textbook from IICUT or any CIC. Copies will also be available for loan from any CIC library.
Instructor
CHOU Samphoas
Currently occupies the position as chief R & D at IIC University of Technology (IICUT). He graduated with bachelor in Accounting from Institute of Economics in 1992. He has worked in Cambodian Commercial Bank Ltd., for 6 years.
He has published many economics textbooks such as Fundamentals Accounting Principles, Financial Accounting, QuickBooks. |
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Admission
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