MINISTRY OF EDUCATION AND TRAINING HO CHI MINH CITY UNIVERSITY OF TECHNOLOGY AND EDUCATION FACULTY HIGH QUALITY GRADUATION THESIS MAJOR ACCOUNTING ACCOUNTING FOR CONSUMPTION AND EVALUATION OF BUSINESS RESULTS AT DAI DUONG XANH LIMITED COMPANY Student’s name : TRẦN LÂM MINH ANHStudent’s ID : 17125008 Instructor: NGUYỄN THỊ LAN ANH SKL 0 0 7 8 1 9 Ho Chi Minh City, February 2021 Luan van HO CHI MINH CITY UNIVERSITY OF TECHNOLOGY AND EDUCATION FACULTY HIGH QUALITY GRADUATION THESIS ACCOUNTING FOR CONSUMPTION AND EVALUATION OF BUSINESS RESULTS AT DAI DUONG XANH LIMITED COMPANY Student’s name : TRẦN LÂM MINH ANH Student’s ID : 17125008 School year : 2017 Major : ACCOUNTING Instructor: NGUYỄN THỊ LAN ANH Ho Chi Minh City, February 2021 I Luan van GRADUATION THESIS TASK CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc lâp – Tư do – Hạnh phúc ----***---- Tp. Hồ Chí Minh, ngày--- tháng--- năm 2014 NHIỆM VỤ KHÓA LUẬN TỐT NGHIỆP Họ và tên sinh viên: MSSV: Ngành: Lớp: Giảng viên hướng dẫn: ĐT: Ngày nhân đề tài: Ngày nộp đề tài: 1. Các số liệu, tài liệu ban đầu: 3. Nội dung thưc hiện đề tài: 4.
Sản phẩm: TRƯỞNG NGÀNH GIẢNG VIÊN HƯỚNG DẪN I Luan van INSTRUCTOR’S COMMENT NOTE CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc lập – Tự do – Hạnh Phúc ******* PHIÊU NHẬN XÉT CỦA GIÁO VIÊN HƯỚNG DẪN Họ và tên Sinh viên:. Họ và tên Giáo viên hướng dẫn:. Về nội dung đề tài & khối lượng thưc hiện:. Đề nghị cho bảo vệ hay không?.
Đánh giá loại:. Hồ Chí Minh, ngày tháng năm 20… Giáo viên hướng dẫn (Ký & ghi rõ họ tên) II Luan van REVIEWER’S COMMENT NOTE CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc lập – Tự do – Hạnh Phúc ******* PHIÊU NHẬN XÉT CỦA GIÁO VIÊN PHẢN BIỆN Họ và tên Sinh viên:. Họ và tên Giáo viên phản biện:. Về nội dung đề tài & khối lượng thưc hiện:.
Đề nghị cho bảo vệ hay không?. Đánh giá loại:. Hồ Chí Minh, ngày tháng năm 20… Giáo viên phản biện (Ký & ghi rõ họ tên) III Luan van APPRECIATION To complete this graduation thesis, I would like to send my sincere thanks to all the teachers at the Ho Chi Minh City University of Technology and Education, especially all teachers working in Faculty of High Quality Training for teaching and imparting valuable knowledge and experiences to me during the 4 years of studying at school. I truly appreciate Ms.
Nguyen Thi Lan Anh for her wholehearted guidance and assistance so that I can complete this thesis well. I would also like to thank the board of directors and all the staffs in the accounting department of Dai Duong Xanh Limited Company for helping me and providing necessary data for me to write this thesis. Due to limited knowledge and limited practice time, I cannot avoid my shortcomings and limitations. So I look forward to receiving contributions and reviews from the teachers and brothers and sisters in the company, helping me to improve my knowledge in the future.
I wish all the teachers in the school and staffs in the company have great health for good work. Thank you sincerely. IV Luan van SUMMARY In economic activities, the field of trading and consuming goods and services is of particular importance in the economy. The consumption of finished goods is the deciding factor in the success or failure of the business.
Consumption represents the competitiveness and prestige of the enterprise in the market. In addition, the results of consumption are an aggregate quality indicator that reflects the final financial results of the business activity in the enterprise. If the financial situation is good, it will prove that the business is doing well and will be able to improve the financial capacity of the business. At the same time, excessive business results help the firm grasp all of its activities through expenditures that reflect its performance.
This makes it possible for enterprises to grow and do business too effectively. Recognizing the importance of this issue, I chose to study the topic: “Completing consumption accounting and determining business results at Dai Duong Xanh Limited Company” In this thesis, I started from chapter I to introduce about Dai Duong Xanh Limited Company. The content of chapter II includes theoretical basis for accounting of consumption and business result determination in enterprises. Then in chapter III, I mentioned the current situation of accounting of consumption and business result determination at the company.
In the last chapter, I would like to give some recommendations to improve accounting of consumption and business result determination at the Company. V Luan van TABLE OF CONTENTS GRADUATION THESIS TASK.I INSTRUCTOR’S COMMENT NOTE. II REVIEWER’S COMMENT NOTE. V TABLE OF CONTENTS.
VI LIST OF ACRONYMS. IX LIST OF CHARTS. X LIST OF REFERENCES. 1 CHAPTER I: INTRODUCTION OF DAI DUONG XANH LIMITED COMPANY.1 Overview of the Company.1 Establishment and development.2 Fields of business.3 Management organizational characteristics.5 Accounting method of the Company.
8 CHAPTER II: THEORETICAL BASIS FOR ACCOUNTING FOR CONSUMPTION AND EVALUATION OF BUSINESS RESULTS IN ENTERPRISES. Overview of accounting for consumption and evaluation of business results. Concept of consumption. Concept of Evaluation of business results.
Tasks of Accounting for consumption and Evaluation of business results. Roles of Accounting for consumption and Evaluation of business results. Methods of consumption and payment. Accounting for consumption.
Accounting for sales. Accounting for revenue deductions. Accounting for cost of goods sold. Accounting for general & administration expenses.
Accounting for general & administration expenses. Accounting for financial activities income. 23 VI Luan van 2.3 Accounting for expenses of financial activities.4 Accounting for other income.5 Accounting for other expenses.6 Accounting for corporate Income tax charge.7 Accounting for evaluation of business results. 34 CHAPTER 3: ACTUAL SITUATION OF ACCOUNTING FOR CONSUMPTION AND EVALUATION OF BUSINESS RESULTS IN THE COMPANY.1 Actual situation of accounting for consumption and evaluation of business results in the company.1 Consumption characteristics in Dai Duong Xanh Limited Company.2 Accounting for revenues of sales and service provision.3 Accounting for sales deductions.5 Accounting for Business management cost.6 Accounting for financial income.7 Accounting for financial expenses.8 Accounting for other income.9 Accounting for other expenses.10 Corporate income tax expense accounting.
54 CHAPTER 4: SOME RECOMMENDATIONS TO COMPLETE THE ACCOUNTING FOR CONSUMPTION AND EVALUATION OF BUSINESS RESULTS IN THE COMPANY. The need and the principle of perfecting consumption accounting, determining business results at Dai Duong Xanh Limited Company. General assessment of current situation of accounting for consumption and Evaluation of business results in the company. Some recommendations to complete and perfect the accounting for consumption and Evaluation of business results in the Company.
About accounting software.3 About mode of consumption. Regarding tracking short-term receivables. Regarding the opening of Subsidiary ledger of ACC 64221 and ACC 64217. Regarding accounting books and vouchers.
Regarding the remuneration. Regarding language skills.74 VII Luan van CONCLUSION.73 VIII Luan van LIST OF ACRONYMS NO ACRONYM MEANING 1 ACC Account 2 CIT Corporate Incomes Tax 3 CO Company 4 COGS Cost Of Goods Sold 5 CR Credit 6 DR Debit 7 FIFO First-in, First-out 8 IC Individual Customer 9 JSC Joint Stock Company 10 NO Number 11 VAT Value-Added Tax 12 VND Việt Nam Đồng IX Luan van LIST OF CHARTS No. CONTENT PAGE Chart 1.1 Organizational Chart of the management apparatus 5 Chart 1.2 Accounting organizational chart 7 Chart 1.3 General journal chart 8 Chart 1.4 Book keeping procedures 9 Chart 2.1 Accounting for direct consumption sales 16 Chart 2.2 Accounting for agent-based consumption sales 16 Chart 2.3 Accounting for sales with installment/ deferred payment 17 Chart 2.4 Accounting for sales by goods exchange 17 Chart 2.5 Accounting for product and goods returns 18 Chart 2.6 Accounting for expenses incurred related to sales returns 18 Chart 2.7 Cost accounting according to periodic inventory method 21 Chart 2.8 Cost accounting under perpetual inventory count method 22 Chart 2.9 Accounting for general & administration expenses 25 Chart 2.10 Accounting for financial activities income 27 Chart 2.11 Accounting for expenses of financial activities 29 Chart 2.12 Accounting for other income 31 Chart 2.13 Accounting for other expenses 33 Chart 2.14 Accounting for CIT expenses 35 Chart 2.15 Accounting for evaluation of business results 37 X Luan van LIST OF REFERENCES [1] Huỳnh Lợi (2010), “Giáo trình Kế toán chi phí”, Trường đại học Giao Thông Vân Tải [2] Thông tin, số liệu nội bộ Công ty TNHH MTV Đại Dương Xanh [3] Bộ Tài chính 2016, Thông tư 133/2016/TT-BTC ngày 26/08/2016 của Bộ Tài chính - Chế độ kế toán doanh nghiệp vừa và nhỏ [4] Trần Minh Đạo (2019), “Giáo trình Marketing căn bản”, trang 85-86 XI Luan van INTRODUCTION 1. The reason for choosing this topic In the new mechanism, with the operation of many economic fields, the independence and autonomy in enterprises are getting higher and higher, each enterprise must be creative in business, must be responsible for its business results, preserving capital and profitable business.
To do so, businesses must be aware of the position of the product consumption stage, which determines the business performance of the business and is the basis for the business to have income to offset the costs spent. Besides, the purpose of businesses is to make profits, so it is also important to determine correctly and accurately the business results in general and sales in particular. Therefore, beside general management measures, the rational organization of accounting for consumption and determination of sales results is essential to help businesses have timely and accurate information to make business plan. Dai Duong Xanh Limited Company has many business opportunities, but at the same time facing many competition of alternative products in the market that requires the company to have an agile and ingenious combination to keep firmly position itself in the market economy.
As a student at HCMC University of Technology and Education, after an internship, being deeply into the accounting apparatus and accounting work of Dai Duong Xanh Limited Company, I awared the necessity, role and importance of consumption so I chose the topic: “Accounting for consumption and evaluation of business results at Dai Duong Xanh Limited Company”. Research objectives - Synthesizing, systematizing general theoretical issues related to consumption accounting and determine business result. - Researching the current status of consumption accounting and determining business results at Dai Duong Xanh Limited Company. - Evaluating advantages and disadvantages of consumption accounting and determine the company's business result.
- Proposing solutions to perfect the accounting in general and consumption, determine the business result in particular at the company. Research methods - Interviewing and consulting staffs directly at accounting department. - Referring to the necessary data and documents related to the thesis topic - Collecting company’s data and documents to bring into the thesis 1 Luan van - Learning, referring and collecting documents, receipt, records of the company related to topics such as: subsidiary ledger, general journal… Interview questionnaire (Appendix No. Research subjects Subject: Accounting of consumption and business results determination at Dai Duong Xanh Limited Company Scope of study: - Space: Dai Duong Xanh Limited Company - Time: 30/01/2019 - 29/03/2020 - Data for research: Data that company obtained from 01/2019 to 12/2019 - Results achieved: During my internship at the company, I was enthusiastically helped by the staff working in accounting department to learn about the accounting apparatus and business situation of the company.
Thereby, I can clearly grasp the business situation of the company and gave some recommendations to the company. Thesis structure This thesis consists of 4 main parts: - Part I: Introduction of Dai Duong Xanh Limited Company - Part II: Theoretical basis for accounting of consumption and evaluation of business result in enterprises. - Part III: Current situation of accounting of consumption and evaluation of business result at Dai Duong Xanh Limited Company.