MINISTRY OF EDUCATION AND TRAINING HO CHI MINH CITY UNIVERSITY OF TECHNOLOGY AND EDUCATION FACULTY HIGH QUALITY GRADUATION THESIS MAJOR ACCOUNTING COMPLETING THE PROCESS OF AUDITING THE RECEIVABLE ITEMS AND REVENUE AT TV AUDIT AND CONSULTING COMPANY LIMITED STUDENT’S NAME: NGUYỄN THỊ QUỲNH STUDENT’S ID: 17125083 INSTRUCTOR: NGUYEN THI LAN ANH SKL 0 0 7 8 2 0 Ho Chi Minh City, March 2021 do an HOCHIMINH CITY UNIVERSITY OF TECHNOLOGY AND EDUCATION FACULTY HIGH QUALITY GRADUATION THESIS COMPLETING THE PROCESS OF AUDITING THE RECEIVABLE ITEMS AND REVENUE AT TV AUDIT AND CONSULTING COMPANY LIMITED STUDENT’S NAME : NGUYỄN THỊ QUỲNH STUDENT’S ID : 17125083 ACCADEMIC YEAR : 2017 MAJOR : ACCOUNTING GVH : NGUYEN THI LAN ANH Tp. Hồ Chí Minh, tháng 03 năm 2021 1 do an CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc l p – T do – Hạnh phúc ----***---- Tp. Hồ Chí Minh, ngày tháng năm 2021 NHIỆM VỤ KHÓA LUẬN TỐT NGHIỆP Họ và tên sinh viên: MSSV: Ngành: Lớp: Giảng viên hướng dẫn: ĐT: Ngày nh n ề tài: Ngày nộp ề tài: 1. Các số liệu, tài liệu ban ầu: 3.
Nội dung th c hiện ề tài: 4. Sản phẩm: TRƯỞNG NGÀNH GIẢNG VIÊN HƯỚNG DẪN i do an CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc lập – Tự do – Hạnh Phúc ******* PHIẾU NHẬN XÉT CỦA GIÁO VIÊN HƯỚNG DẪN Họ và tên Sinh viên:. Họ và tên Giáo viên hướng dẫn:. Về nội dung ề tài & khối lượng th c hiện:.
Đề nghị cho bảo vệ hay không?. Đánh giá loại:. ii do an Tp. Hồ Chí Minh, ngày tháng năm 20… Giáo viên hướng dẫn (Ký & ghi rõ họ tên) CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc lập – Tự do – Hạnh Phúc ******* PHIẾU NHẬN XÉT CỦA GIÁO VIÊN PHẢN BIỆN Họ và tên Sinh viên:.
Họ và tên Giáo viên phản biện:. Về nội dung ề tài & khối lượng th c hiện:. iii do an. 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) iv do an ACKNOWLEDGEMENTS In order to be able to perform and complete this graduation thesis well, over the past time I have received a lot of attention and enthusiastic help from many sides including the teachers in the Faculty High Quality Training of HCMUTE, the instructor and the company in which I intern. I would like to sincerely express my gratitude and appreciation to the teachers in the Faculty High Quality of Ho Chi Minh City University of Technology and Education for equipping me with knowledge and help throughout my time studying at the school. In particular, I would like to send my sincere and deep appreciation to teacher Ms Nguyen Thi Lan Anh, who gave me a lot of guidance and supported me in the process of researching and implementing this thesis.
In addition, I would like to thank the Chief of Accounting - Auditing Department of TV Audit and Consulting Company limited and the brothers and sisters in the department for guiding, helping and creating favorable conditions for me to successfully complete work during the internship as well as completing the thesis. Because of limited knowledge and experience, the thesis will inevitably avoid some shortcomings. Therefore, I hope to receive sincere comments and suggestions from teachers and readers for my research thesis to be broader and more complete. v do an SUMMARY Receivable and Revenue audit are indispensable activities of the business when auditing financial statements.
Because those items are spone to frauds and errors that can have a significant impact on the financial situation of enterprises. During the internship at TV Audit and Consulting Company limited the writer recognized the importance of those items in Auditing Financial Statement. Therefore, the writer has chosen the topic “Completing the process of auditing the receivable items and Revenue at TV Audit and Consulting Company limited” for the graduation thesis. In this thesis, the writer will go from Chapter 1 to introduce about TV Audit and Consulting Company limited.
Chapter 2 Theoretical basis for receivables and Revenue auditing in auditing financial statements. Chapter3 Receivables and Revenue audit process status at TV Audit And Consulting Company Limited. Evidence of actual auditing at ABC Company. Since then chapter 4 Proposing a solution for completing the audit process of receivables and Revenue at TV Audit And Consulting Company Limited.
vi do an Contents LIST OF IMAGES. x LIST OF DIAGRAMS .xi LIST OF TABLES. xiii PART 1: INTRODUCTION. 1 CHAPTER 1: INTRODUCTION ABOUT TV AUDIT AND CONSULTING COMPANY LIMITED.
Introduction about TV Audit and Consulting Company limited. History and development of TV Audit and Consulting Company limited .3 Principles, objectives, operating directions of TV Audit and Consulting Company limited. Principles of operation of the company. TV's corporate goals.
The direction of TV company. The services the company provides. Management organizational characteristics of the Company. Management apparatus diagram of the company.
Functions and duties of each department. Organization of accounting at the company. Accounting apparatus structure of the company. Accounting bookkeeping form.
Accounting method that the company use. Accounting policies applied at the company. 9 vii do an 1. Advantages, disadvantages and direction of development.
Auditing process at TV company. Prepare the audit. 16 CHAPTER 2 THEORETICAL BASIS OF THE AUDITING PROCESS ON REVENUE AND CUSTOMERS RECEIVABLES .1 General revenue issues .2 Characteristics of Revenue .3 Revenue recognition principles .4 Audit Objectives of Revenue. Revenue accounting principles.
Common risks in revenue audit. General problems about customer receivables .2 Characteristics and position of the receivable on the financial statements. Receivable accounting principles. Audit Objectives of receivable .3 Internal control with revenue and customer receivables.
The process of auditing revenue and receivable items. Researching and evaluating the internal control system. Perform basic tests. 32 CHAPTER 3 AUDIT PROCESS ON SALES AND LIABILITIES ITEMS OF TV AUDIT AND CONSULTING COMPANY LIMITED AT CK&A CONSULTANCY INTERNATIONAL (VIETNAM) CO.
General introduction about customers. The company's information. Accounting standards and accounting system. 39 viii do an 3.
Audit preparation period for CK&A Consultancy International (VietNam) Co.1 Customer acceptance review .2 Understanding customers and operating environments .3 Understanding and evaluating the internal control system .4 Preliminary analysis of financial statements .3 Company ABC audit implementation phase .1 Design and conduct control tests .4 Company ABC audit completion phase. 58 CHAPTER 4 PROPOSING A SOLUTION FOR COMPLETING THE AUDIT PROCESS OF Receivable And Revenue AT TV AUDIT AND CONSULTING COMPANY LIMITED. General comments about the company .2 Comment on the audit process of Accounts receivable and revenue items in financial statement. 63 ix do an LIST OF IMAGES No.
CONTENT PAGE Image 3.1 Unaudited income statement for 2019 56 Image 3. Audited income statement for 2018 56 Procedure for comparing the balance of this year to the 57 Image 3.3 previous year Image 3.4 Changes in COGS by Month 59 Comparing the balance this year to the previous year of the 60 Image 3.5 receivables Compare the revenue on the declaration with the revenue 60 Image 3. Checking revenue deduction 61 Image 3.8 Cut-off procedure 61 Image3.9 Summary table of customer debt 65 x do an LIST OF DIAGRAMS No. CONTENT PAGE Diagram1.1 Management apparatus diagram of the company 6 Auditing process of financial statements of the branch of the 11 Diagram1.
511 account accounting diagrams 12 Diagram 2. 113 account accounting diagrams 15 xi do an LIST OF TABLES No. CONTENT PAGE Table 1.1 Risk matrix 15 Table 2.1 Questionnaire about the internal control system for 29 receivables Table 3.1 Matters to consider for contract risk assessment 45 Table 3.2 BALANCE SHEET of ABC Company 49 Table 3.3 Report on business results of company ABC 50 Table 3.4 Assessment of ABC company materiality 53 Table 3.5 Questionnaire of the control test interview at ABC Company 54 xii do an REFERENCES [1] Tài liệu “Những Chuẩn m c nguyên tắc chỉ ạo kiểm toán quốc tế”,1992. [2] Giáo trình “ Kiểm toán tài chính”, 2006 – GS.TS Nguyễn Quang Quynh – TS.
Ngô Trí Tuệ - Trường Đại học Kinh tế quốc dân. [3] Giáo trình “Kiểm toán tài chính”, 2012 – Trường Đại học Kinh tế thành phố Hồ Chí Minh. [4] Chuẩn m c kiểm toán Việt Nam ban hành theo Quyết ịnh số 219/2000/QĐBTC ngày 29/12/2000 của Bộ trưởng Bộ Tài chính. [5] The Financial Statement of ABC Company xiii do an PART 1: INTRODUCTION 1.
Reason for researching Due to the development of the economy, the number of customers who come to auditing companies is increasingly diversified with different purposes: audit before equitization, audit before dissolution, bankruptcy, wax import. makes the number of users of auditor’s financial reports greatly increased. Audit reports have far-reaching effects on socio-economic life. To issue an auditor's financial report, the auditor must perform an audit of many different cycles and items.
In which, the receivables and Revenue often arise in large volume, affecting many items on the financial Statement. Revenue and receivables have a great influence on the financial statements, it determines the profit / loss of a business. Receivables are often overlooked, causing money to be lost to businesses. Therefore, a careful examination of accounts receivable is very important.
Recognizing the importance of receivables and Revenue items in the audit process, during the internship, I decided to choose the topic: “Completing the process of auditing the receivable items and Revenue at TV Audit and Consulting Company limited” for implementation and reporting during this final internship. Research objectives - Researching about the Audit process of receivables and Revenue items of TV Audit and Consulting Company limited, evaluate the advantages and disadvantages, and contribute ideas to improvement and develop this process. - Finding out how TV Audit and Consulting Company limited. performs an audit of receivables and Revenue for clients.
- From the theoretical and practical knowledge learned, analyze the positives and unavoidable limitations of the receivables and Revenue audit process. - Proposing some solutions to improve the process of auditing receivables and Revenue. research subjects My research object is the theoretical and actual receivables and Revenue audit process that is being applied at TV Audit and Consulting Company limited. Research scope - Space: Receivable and revenue.
- Time: Financial Statement of 2019 5. Research Methods - Interview method: The interviewee is the auditor at TV Audit and Consulting Company limited. The contents of the interview are questions related to auditing financial statements in general and in detail, in detail about the methods of collecting audit evidence. 1 do an - Document research methods: Collect information on books, textbooks, dissertations, Internet, audit journals.
- Observation method: Going to the company, observing the working process, the process of performing a real audit of the auditors at the company. Thesis structure This thesis consists of 4 main parts - Part 1: HEADING In this section will present the reasons for choosing the topic and the goal that the topic wants to aim at, and at the same time present the methods used to complete the research as well as the scope of implementation of the research. - Part 2: RESEARCH CONTENT AND RESULTS This section consists of 4 chapters + Chapter1: Introduction About TV Audit And Consulting Company Limited + Chapter2: Theoretical basis for receivables and Revenue auditing in auditing financial statements.