NATIONAL ECONOMICS UNIVERSITY

INTERNATIONAL SCHOOL OF MANAGEMENT AND ECONOMICS

BTEC HIGHER NATIONAL DIPLOMA IN BUSINESS (RQF)

ASSIGNMENT BRIEF

Unit Code, Number and Title Y/618/5038 RQF - Unit 5: Accounting Principles

Semester and Academic Year Semester 1 / Academic year 2024 - 2025

Unit Assessor(s) Nguyen Thi Phuong Hoa / Phan Thi Thanh Loan/ Pham Thanh Huong

AP A1.1: Purpose of accounting

Component Number and Title
(Assessment 1 of 2, Individual assignment)
Issue Date Oct 7th, 2024
Submission Date Oct 28th, 2024; 10 am.

Student name

NEU Student ID Pearson ID

I certify that the evidence submitted for this assignment is my own. I

Learner declaration have clearly referenced any sources used in the work. I understand that
false declaration is a form of malpractice.

Student name / Signature Date:

Submission format

This is an individual assignment.

The submission format is in the form of an E-report. Please refer the “Turnitin Submission Rules”
that was posted on Moodle.
The file on Turnitin must be in Word format and include the first page of this cover sheet. The first
page of the cover sheet should be in the picture format in order to ensure the accepted similarity of
Turnitin.
The similarity allowed is up to 25% after excluding references.
Name of the file includes Student ID_Unit name_Assessment no. (E.g. “1010001_AP_A1.1”)
Ensure that authenticity declaration has been signed electronically.
Plagiarism is unacceptable. Students must cite all sources and input the information by
paraphrasing, summarising or using direct quotes. A Referral Grade is given when Plagiarism is
identified in your work. There are no exceptions.

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 Your evidence/findings must be cited using Harvard Referencing Style. Please refer to Reference
guiding posted on Moodle. The Reference page is compulsory to upload on Turnitin.
This assignment should be written in a concise, formal business style using Arial 11 or Times New
Roman 13 font size and 1.5 spacing.
The word limit is 2,500 words (+/- 10%).
 You MUST complete and submit softcopy of your work on the due dates stated on Assignment
brief. All late work is not allowed to submit. This rule is not waived under any circumstances.
 Read ALL Instructions on this Page and review the Pass, Merit and Distinction criteria carefully.
To pass the assignment, you must achieve ALL the Pass Criteria outlined in the marking sheet. To
achieve a Merit, you must achieve ALL the Merit criteria (and therefore the Pass criteria). To
achieve a Distinction, you must achieve ALL the Distinction criteria (and therefore the Pass and
Merit criteria).

Unit Learning Outcomes

LO1: Examine the context and purpose of accounting
Vocational Scenario, Assignment activity and guidance

JB FITNESS

Task 1
Dr. Jane Braun, a sole trader, owns JB business, which includes a chain of five fitness centers
in Ho Chi Minh city. The business was established few years ago to offer a large range of
services, from normal gyms, yoga, aerobics, to health consulting and food provision for over-
weight customers. Jane knew little about accounting, so she approached you to help her with
advice on JB business’s accounting system.
1. Examine the purpose of the accounting function of JB business.

Task 2
Jane recruited Lothar as an accountant for her JB business. JB business has to comply with strict
food hygien and safety standards, which are guided by Vietnamese authorities. JB conducts stock counts at the
end of months to master the state of foods. JB business’s financial year runs from 1 July to 30 June.
Lothar was preparing JB business’s financial statements for the year ended June 30, 2024.
When looking at the stock count at June 30 th 2024, Lothar discovered that some foods get
expired and should be written off. The written-off entries will reduce the closing balance of
stocks, increase operating expenses and reduce profit of JB. Besides, some foods were
purchased from new and uncertified sources that should be query for. Because of time
pressure and willingness to boost JB business, Lothar contemplated ignoring the findings and
completed financial statements and management accounting reports submitted to Jane. The
key results of service growth, time of services, customer satisfaction were extracted from
these accounting reports to include in JB brochure to announce to JB staff and customers.
2. Assess the accounting function of JB business in the context of regulatory and ethical
constraints.
3. Evaluate the context and purpose of the accounting function of JB business in meeting
organizational, stakeholder and societal needs and expectations.

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Task 3
Jane wanted to expand and develop her business. She was taking steps to be certified by
Vietnam Nutrition Association. She visited a local bank, NAB, to ask for loans and she also
asked her close friend, Hangriette to join her as a business partner in order to finance the
business growth and development. Both NAB and Hangriettet said about their demands for JB
financial statements and JB strategy and operational plans. However, Jane just sent JB
financial statements of 2024 and JB brochure to NAB and Hangriette because of unavailable
strategy and operational plan documents.
4. Critically evaluate the role of accounting in informing decision-making to meet
organizational, stakeholder and societal needs within complex operating environments.

Recommended Resources
Please note that the resources listed are examples for you to use as a starting point in your research –
the list is not definitive.
Textbooks
ATRILL, P. and McLANEY, E. (2018) Accounting and Finance for Non-Specialists.11th Ed. Harlow:
Pearson.
DRURY, C. (2015) Management and Cost Accounting. 9th Ed. Cengage Learning.
SEAL, W. et al (2018) Management Accounting. 6th Ed. Maidenhead: McGraw-Hill.
WEETMAN, P. (2019) Financial and Management Accounting: An Introduction.Harlow: Pearson.
Websites
www.accountingcoach.com
www.accaglobal.com
www.cimaglobal.com
www.corporatefinanceinstitute.com

Learning Outcomes and Assessment Criteria

Pass Merit Distinction

LO1: Examine the context and purpose of accounting

P1 Examine the purpose of the D1 Critically evaluate the role

M1 Evaluate the context of accounting in informing
accounting function within an
and purpose of the decision-making to meet
organisation.
accounting function in organisational, stakeholder and
P2 Assess the accounting
meeting organisational, societal needs within complex
function within the organisation in
stakeholder and societal operating environments.
the context of regulatory and
needs and expectations.
ethical constraints.

* Please note that grades are provisional. They are only confirmed once internal and external verifiers
have taken place, and the final decisions have been agreed by the assessment board.
* This grade only reflects the result of this assignment, not for the whole Unit.