
















































































Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
Kế toán doanh thu, chi phí và xác định kết quả kinh doanh
Typology: Thesis
1 / 88
This page cannot be seen from the preview
Don't miss anything!
ACCOUNTING FOR REVENUE, EXPENSES AND
BUSINESS RESULT DETERMINATION
AT NGUYEN TUAN TAX ACCOUNTING
SOLUTION COMPANY LIMITED
UNDERGRADUATE THESIS OF ACCOUNTING
This thesis was carried out at Ton Duc Thang University.
Advisor: LE THI MY HANH, PhD
NGO TAN LAM HA, MSc
Accounting for revenue, expenses and business result determination at Nguyen Tuan Tax Accounting Solution Company Limited By Doan Thi My Linh
This thesis is defended at the Undergraduate Thesis Examination Committee held at Ton Duc Thang University on … /…/……
Confirmation of the Chairman of the Undergraduate Thesis Examination Committee and the Dean of the faculty after receiving the modified thesis (if any).
DECLARATION OF AUTHORSHIP
I at this moment declare that this thesis was carried out by myself under the guidance and supervision of Ms. Le Thi My Hanh and Ms. Ngo Tan Lam Ha; and that the work and the results contained in it are original and have not been submitted anywhere for any previous purposes. The data and figures presented in this thesis are for analysis, comments, and evaluations from various resources by my work and have been duly acknowledged in the reference part. In addition, other comments, reviews, and data used by other authors, and organizations have been acknowledged, and explicitly cited. I will take full responsibility for any fraud detected in my thesis. Ton Duc Thang University is unrelated to any copyright infringement caused by my work (if any).
Ho Chi Minh City, April 2nd, 2024
CHAPTER 1: LITERATURE REVIEW
1.1 General concept
1.1.1 Overview of accounting Results of production and business activities Net profit from business and production activities plus other profits plus net profit from production activities make up the outcomes of business and production activities. The difference between net revenue from sales, financial revenue, and service revenue less the cost of items sold, selling costs, business management costs, and financial expenses is known as business. Other earnings Is the distinction between additional revenue and additional costs. The enterprise's business outcomes (profit or loss) are ascertained by combining the outcomes of all of its production and business operations for the year. The enterprise's business outcomes are ascertained based on every accounting period (year). Nonetheless, companies must act quickly to supply internal management with information.
1.2 Accounting determines the results of production and business activities
1.2.1 Revenue from the sale of goods and provision of services (Account 511) The revenue generated by an enterprise through business operations, such as consuming products manufactured by the enterprise or acquired and subsequently sold, is known as revenue from sales and service provision.
Circular No. 133/2016/TT-BTC states that the recorded account of revenue from the sale of products and the provision of services is 511: Account 5111 - Revenue from sales of goods Account 5112 - Revenue from semi-finished products
Account 5113 - Revenue from service provision Account 5118 - Other revenue
1.2.1. 1 Financial income account (Account 515) This account is used to record revenue from interest, royalties, dividends, distributed profits, and other enterprise financial activities, such as:
Interest: Loan interest, bank deposit interest, deferred payment interest… Income from investing operations, such as the purchase and sale of both short- and long-term securities… Interest accruing on exchange rates during the term and the evaluation of foreign currency-denominated financial items after the term; proceeds from the sale of foreign currency Income from other financial operations
1.2.2 Expense Account Overview
1.2.2.1 Cost of goods sold (Account 632) Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the goods. It excludes indirect expenses, such as distribution costs and sales force costs. The cost of goods sold is also referred to as the "cost of sales."
Formula and Calculation of Cost of Goods Sold (COGS) COGS= Beginning Inventory+ Purchases during the period - Ending Inventory
1.2.2.2 Financial expenses (Account 635) Financial expenses are incurred when your organization borrows money from creditors and lenders. Thus, these are the costs that fall outside of the main business area of your organization. For instance, loan origination fees and interest on borrowed funds.
Salary costs for employees of the enterprise management department (salaries, wages, allowances, ...) Social insurance, health insurance, union fees, unemployment insurance for enterprise management staff of office materials, labor tools, depreciation of fixed assets used for business management; Services purchased from outside (electricity, water, telephone, fax, property insurance, fire and explosion...); Other monetary expenses (receiving guests, customer conferences...). However, business management costs are not considered deductible expenses according to the provisions of the 2008 Corporate Income Tax Law (amended 2013). Business management expenses account 642 consists of two level 2 accounts: Account 6421 - Selling Expenses Account 6422 - Enterprise management expenses
1.2.3 Other incomes (Account 711) Other income is taxable income in the tax period that does not belong to the professions or business fields recorded in the business registration of the enterprise.
The earnings from sources outside of the company's regular operations are shown in this account.
1.2.4 Other expenses (Account 811) Other costs are costs incurred due to events or operations separate from the normal operations of the business.
Other costs include: Costs of liquidation and sale of fixed assets (including costs of bidding for liquidation activities).
The difference between the fair value of the assets divided from the business cooperation contract (BCC) is smaller than the investment cost to build jointly controlled assets Residual value of demolished fixed assets; Residual value of fixed assets liquidated or sold (if any) Loss difference due to revaluation of materials, goods, and fixed assets contributed as capital to subsidiaries… Fines payable for violation of economic contracts, administrative fines Other expenses To reflect other expenses, businesses use Account 811
1.2.5 Income tax expense (Account 821) Corporate income tax expenses of an enterprise include current corporate income tax expenses and deferred corporate income tax expenses arising during the year as a basis for determining the after-tax business results of the enterprise. business in the current fiscal year.
1.2.6 Income Summary (Account 911) Business results are the amount of profit or loss brought about by an enterprise's business activities in an accounting period.
Business performance results of the enterprise include: Financial performance results Other operating results.
and limitations, the author offers practical suggestions for the department's accounting work and sets clear development goals for the future.
I personally came to the following conclusions after carefully reading the report:
The author's report helps me understand how to write and present a complete report, how to use sentences and grammar to match the spirit of a dissertation.
Helps me grasp general summaries, conclusions, as well as accounting concepts.
The second graduation thesis "Revenue, costs and determining business results at the Company with Yola training" written by Ngo Hoang Bao Tran (2019), presents theoretical information about income accounting, company costs and results. Based on research on the current status of cost accounting, income and results, the thesis highlights existing problems in revenue, cost accounting and business results at this organization. These deficiencies are related to the detection and categorization of costs revenue, business outcomes and the application of accounting standards to records and accounts books of accounting, accounting reports on revenue, expenses, and company outcomes in terms of establishing standards, creating asset estimations and financial accounting create and evaluate data in order to manage and deliver revenue, profit, and cost statistics. When it comes to management accounting, business outcomes support decision-making, scholarly work the underlying factors, both subjective and objective.
I personally came to the following conclusions after carefully reading the report:
The essay helps me better understand transactions and how to operate the accounting system in the company.
The original paperwork used for revenue and expense transactions. The third undergraduate thesis “Accounting Revenue, costs and Determining Business Results at Tan Cang Real Estate Joint Stock Company" by Vo Quang Vinh
(2013). Foundations of Revenue and Cost Theory Accounting and Assessing an Organization's Business Performance. Some Principles for Accounting majors are presented in this chapter and include a summary of the business outcomes sales, income, cost of products sold, and outlays. The accounting scenario used to assess the company's business outcomes in order to ascertain business outcomes, the author provided a brief overview of the organization, the accounting system and the actual work done at the company a few remarks and suggestions on accounting work. I've studied the report carefully and have come to the following personal conclusions about it that will assist me in finishing it. Recognize the different terms and expressions used in this topic when writing an essay and know how to summarize.
I personally came to the following conclusions after carefully reading the report:
Gain a more in-depth understanding of accounting concepts and visualize accounting jobs that when done directly will be different from what is learned in school.
Understand more about the software used to support accounting-related work.
Figure 2.1. Logo of the company (Souce http://ketoannguyentuan.com)
2.2.2 A brief overview of the company's history Nguyen Tuan Tax Accounting Solutions Company Limited is an enterprise operating under the enterprise law of the Socialist Republic of Vietnam. The company was established under Business Registration Certificate No. 0315574865, first issued on October 5, 2019, by the Department of Planning and Investment of Ho Chi Minh City. The company's charter capital, according to the issued business registration certificate, is 2 ,000,000,000 VND.
Mr. Nguyen Tuan Anh, a qualified consultant who has worked at prominent units in the field of accounting and consulting, founded Nguyen Tuan Tax Accounting Solutions Company. Although it has only been in operation for more than 5 years, Nguyen Tuan Tax Accounting has trained human resources, including more than 16 accountants and consultants, providing services according to quality standards and environmental characteristics. Vietnamese business.
The organization serves a diverse range of industries, including manufacturing, trade, services, tourism, and foreign-invested businesses with accounting and auditing requirements. Many clients trusted the company and utilized its services.
2.2.3 The corporate culture There are three elements to creating Nguyen Tuan Tax Accounting Solution Company Limited :
Creating endless At the same time, Nguyen Tuan's members are also proud of a unique tradition of songwriting culture that is only passed down internally within the company. The company will organize many collective activities, teams, art clubs... to promote the creativity of each member. These songs all carry philosophical values about management, team spirit or a beautiful desire to contribute.This activity fully demonstrates the leadership's understanding when creating opportunities for the team to freely express themselves and present new ideas. It also helps employees relieve stress and maintain a productive and positive working spirit.
Promote democracy
All comments from employees are respected by the company's leadership. If conflicting ideas appear, it is the corporate culture that will reconcile the situation, ultimately finding the most optimal solution. Each member has the right to express and defend political opinions based on the spirit of solidarity.
Strongly bond members
When participating in team activities, employees can interact with each other and clearly understand the characteristics of each department. From there, businesses can easily connect people, enhance the spirit of corporate pride and build a civilized and open working environment.