UNIVERSITY OF ECONOMICS AND LAW FACULTY OF ACCOUNTING – AUDITING ---------------- GRADUATION THESIS ACCOUNTS RECEIVABLE AT DAI QUOC VIET SHIPPING CO.LTD Supervisor: Ms. Nguyễn Hoàng Diệu Hiền Student’s name: Phạm Xuân Hưng Student’s ID: K194050749 Class: K19405CA TP.HCM, 01/2023 i THANKS TO After nearly 4 years of studying and training, the knowledge and experience that the teachers of the Accounting - Auditing Faculty, University of Economics - Law have imparted are useful baggage to help me become more firm and confident. confident with the first steps in contact with the real job along with the career path later. I would want to sincerely thank all of my teachers.
Thank you teachers for always teaching and sharing with us meaningful and useful stories. I want to express in specific my deep gratitude to Ms. Nguyen Hoang Dieu Hien, who has always followed, tended to and aided me wholeheartedly, helping me better understand the audit work and complete this thesis. I would also like to thank the Board of Directors of Dai Quoc Viet Shipping CO.LTD for facilitating me to practice at the company and approach the real working environment.
Thank you to the auditors in the company for always supporting, providing information and data so that I can make a complete internship report. It is inevitable that professors and auditors would take care to avoid errors both during the internship and while writing the internship report. At the same time, my theoretical level as well as my practical experience are still limited, so I look forward to receiving suggestions from teachers and companies to gain more experience and improve myself. Thank you sincerely! Best regards, ii INTERNSHIP DIARY 🙢🙠 Personal information Full name: Phạm Xuân Hưng.
Class: K19405CA Day Of Birth: 07/09/2001. Company’s name: Dai Quoc Viet Shipping CO. Address: Floor 6, 607-609 Nguyen Kiem Street, Ward 9, Phu Nhuan District, Ho Chi Minh City. Service: Accounting payment.
Mentor: Huỳnh Thị Xuân Út. Schedule: Monday to Friday. Contents of the Internship Diary Student’s comment on No. Week Content results - Observe the working environment of the unit and learn about the unit briefly 1 05/12-9/12 - Get acquainted with the brothers and Complete sisters in the accounting department at the unit.
10/12- - Find information about the company, 2 the procedure for establishing and growing Complete 15/12 the business, the company's culture - Learn about the accounting apparatus 19/12- of the company, the functions/ tasks of each 3 accounting staff, the accounting software Complete 24/12 system and the accounting policy of the company iii 26/12- - Observe the working process of the 4 accounting department, read through relevant Complete 31/12 documents and books 02/01- - Learn about the company's receivables 5 Complete 07/01 with a receivables accountant - Observe and support the accounting process of accounts receivable: arranging documents, invoices, warehouse receipts, data 09/01- entry,. 6 Complete 14/01 - Visit the warehouse, learn more about other processes such as import and export, warehouse management, learn other accounting processes besides receivables 19/01- 7 - Lunar New Year holiday 01/02 - Go to the company's store to observe 02/02- the actual business situation, learn about the 8 Complete 04/02 types of goods the company is doing business with. - Meet the employees at the company for 06/02- the last time, summarize the training process 9 Complete 10/02 and the experiences learned, please comment from the company iv PHIẾU ĐÁNH GIÁ KHÓA LUẬN TỐT NGHIỆP – Đề Tài: KẾ TOÁN TÀI CHÍNH v vi COMMENTS OF THE INTERNATIONAL UNIT 🙢🙠 Full name of intern student: Phạm Xuân Hưng MSSV: K194050749 Class: K19405CA University of Economics - Law Intern at Department: Dai Quoc Viet Shipping CO.LTD From time: from 5/12/2022 to 3/3/2023 General comment: February, ………2023 Confirmation of the internship unit (Sign and write full name) vii TABLE OF CONTENTS THANKS TO. ii PHIẾU ĐÁNH GIÁ KHÓA LUẬN TỐT NGHIỆP.
iv COMMENTS OF THE INTERNATIONAL UNIT. vi TABLE OF CONTENTS. vii TABLE OF FIGURE. ix TABLE OF APPENDIX.
Reason for choosing the topic. 2 CHAPTER 1: COMPANY OVERVIEW DAI QUOC VIET SHIPPING CO.1 Characteristics of business organization and management at the company .1 The process of formation and development of the company.2 History of formation and development .3 Characteristics of the company's management and business organization.2 Organization of the accounting apparatus at the company .1 Organization of the accounting apparatus .2 Functions of each part of accounting.3 Organizing the system of documents, accounts, books and financial statements (financial statements). 8 CHAPTER 2: SITUATION ON ACCOUNTING RECEIVALS AT DAI QUOC VIET viii SHIPPING CO. General theory of Accounts Receivable.
Concepts and classifications of Accounts Receivable. Principles of accounting for Accounts Receivable. Roles, positions and duties of Accounts Receivable Accountants. Overview of accounts receivables at Dai Quoc Viet Shipping CO.1 General provisions on accounting receivables to suppliers and internal receivables.
Characteristics and classification of some key supplier receivables and internal receivables .4 Accounting method applied at Dai Quoc Viet Shipping CO.5 Organization of accounting work at the company .2 Current Status of Accounts Receivables at Dai Quoc Viet Shipping CO.1 Documents, usage books and procedures .2 Description of the order of document circulation .3 Illustrating the accounting bookkeeping process. 18 CHAPTER 3 COMMENTS AND RECOMMENDATIONS ON FINISHING ACCOUNTABILITY RECEIVALS AT DAI QUOC VIET SHIPPING CO.1 General assessment of material accounting at Dai Quoc Viet Shipping CO.2 Some recommendations to improve the accounting of receivables to suppliers. 26 ix TABLE OF FIGURE Figure 1: Company’s logo .3 Figure 2: Company organization chart.4 Figure 3: Accounts receivable accounting process .11 Figure 4: Accounting chart for the letter T .14 Figure 5: Accounting Software .15 Figure 6: Bookkeeping process .15 x TABLE OF APPENDIX Appendix 1: Value-Added Tax invoice No 00000660 .26 Appendix 2: Input screen of Value-Added Tax invoice No 00000660 .27 Appendix 3: Value-Added Tax invoice No 00000692 .28 Appendix 4: Input screen of Value-Added Tax invoice No 00000692 .29 Appendix 5: General Journal .30 Appendix 6: Subsidiary ledger .31 Appendix 7: General Ledger. Reason for choosing the topic Currently, Vietnam's economy is gradually transitioning to a market economy with strong state management and regulation, in which enterprises are the real owners of production and business activities as well as themselves.
In order to achieve the goals of its production and business activities, enterprises need a certain amount of capital and require administrators to manage and use it in the most effective way. Debt accounting and solvency analysis is one of the effective tools to help managers make decisions, outline correct and correct business strategies and plans. In business activities of enterprises, transactions related to and account receivables are many. Therefore, accounting for debts, especially and account receivables, is an important and indispensable part of accounting practice in a business.
Debt accounting plays an important role in monitoring, urging as well as resolving all issues related to the company's debts. Develop relationships both inside and outside of the company by mastering cash and accounts in general, and receivable in particular, in order to minimize budget deficits, correct financial situations, be proactive in transactions, maintain good relationships with partners, and make sure not to break the law. Stemming from the position and importance of accounting for receivable of Vietnamese enterprises in general and with Dai Quoc Viet Shipping CO.LTD in particular, I choose the topic " Accounting for cash and receivable at Dai Quoc Viet Shipping CO.LTD” as the subject of my internship report. Research objective Understand the organization of the accounting apparatus and the accounting of cash and account receivables at Dai Quoc Viet Shipping CO.
From the experience learned in practice accumulate more knowledge and experience for myself. Draw general comments, advantages as well as disadvantages on the accounting situation of cash and account receivables at the Company. On the basis of that comment, make your own recommendations to contribute to perfecting the accounting of receivables, in order to improve the business performance of the company. Research object 2 The object of the study is the Accounts Receivable Accountant at Dai Quoc Viet Shipping CO.
Research scope - Data collection time: January 1, 2022 – December 31, 2022 - Space: Accounting Department of Dai Quoc Viet Shipping CO.LTD - Limit on content: Accounts receivable from customers and receivables internally. - Time Range: Illustrative figures taken in 2022 5. Theme layout In the framework of the research of the topic, the report has three chapters in all, plus an introduction and conclusion. They are as follows: CHAPTER 1: COMPANY OVERVIEW DAI QUOC VIET SHIPPING CO.LTD CHAPTER 2: SITUATION ON ACCOUNTING RECEIVALS AT DAI QUOC VIET SHIPPING CO.LTD CHAPTER 3: COMMENTS AND RECOMMENDATIONS ON FINISHING ACCOUNTABILITY RECEIVALS AT DAI QUOC VIET SHIPPING CO.LTD 3 CHAPTER 1: COMPANY OVERVIEW DAI QUOC VIET SHIPPING CO.1 Characteristics of business organization and management at the company 1.1 The process of formation and development of the company - General information about the Company: • Company name is written in English: Dai Quoc Viet Shipping CO.
• Company name is written in Vietnamese: Công ty TNHH Hàng Hải Đại Quốc Việt. - Company's logo: Figure 1: Company’s logo - Name of director: Mr. Huynh Van Bau. - Head office: Floor 6, 607 – 609 Nguyen Kiem Street, Ward 9, Phu Nhuan District, Ho Chi Minh City.
- Email: bauhuynhvan@daiquocviet.com - Website: www.2 History of formation and development Dai Quoc Viet Shipping CO. was established in early 2012, is a forwarding and international freight forwarding service company by air and sea, domestic freight in Vietnam. The company was formed in the form of business registration as a private enterprise with independent planning, legal status and responsible for all business processes. After more than 4 10 years of operation, the company has been recognized as one of the reputable companies in terms of service quality, understanding about the shipping market and creating trust for customers as well as other customers.
companies operating in the industry. Besides, the scale of operation of the Company is increasingly diversified and professional, with a team of experienced leaders and employees, Dai Quoc Viet Shipping CO.LTD is gradually affirming and enhancing its competitive position.3 Characteristics of the company's management and business organization Figure 2: Company organization chart DIRECTOR: The individual in charge of managing all business-related matters, making choices in those matters, and assuming accountability for those actions in front of the law.Managing operations, delegating tasks to corporate personnel, integrating work between departments in a seamless manner, and keeping track of the balance connected to the acquisition of fixed assets. - Directly negotiate with customers, sign contracts. VICE DIRECTOR: The person who directly directs the activities of the sales department and the import-export department and is concurrently the head of the sales department.
- Support the Director, assume accountability before the Director for the work's scope and aggressively carry out the director-approved duties. - In addition, the Deputy Director also directly makes special orders, or supports when there 5 are many orders. BUSINESS DEPARTMENT: Develop the company's business plan. - Organize, negotiate, sign contracts on forwarding and transportation services with partners, make reports on business results and make marketing plans, find customers.
- To make statistics, evaluate the effectiveness, report the business situation and propose future business directions, in accordance with the actual needs and situation of the market. - Undertake market research, competitors, and external factors. to come up with appropriate strategies and development directions. FINANCE - ACCOUNTING DEPARTMENT: Contributing a very important role in the business of the Company.
The Accounting Department is responsible for performing professional tax operations. Continuously update information on current tax laws, policies, and accounting regimes; - Handling all arising economic transactions; - Making accounting books; - Making financial reports, monthly/quarterly tax reports; - Annual settlement; - Report work results to superiors; - Report the financial situation to the manager of the client company.