226 COMPLETION OF PRODUCTION COSTS ACCOUNTING AND PRODUCT PRICE CALCULATION AT BINH MINH GARMENT JOINT STOCK COMPANY

ACADEMY OF FINANCE ACCOUNTING AND AUDITING DEPARTMENT  NGUYEN MAI ANH CQ55 / 21 / 02CLC GRADUATION COURSE Topic: COMPLETION OF PRODUCTION COSTS ACCOUNTING AND PRODUCT PRICE CALCULATION AT BINH MINH GARMENT JOINT STOCK COMPANY Major : Corporate Accounting Code : 21 Instructor : PhD Bui Thi Hang Hà Nội – 2021 Academy of Finance Graduation Thesis TABLE OF CONTENTS PREFACE 1 The reason for choosing the topic .1 The research objectives of the topic Research method Scope of the study .2 Structure of topic CHAPTER I BASIC THEORY OF PRODUCTION COSTS ACCOUNTING AND PRICE CALCULATION IN PRODUCTION ENTERPRISES .4 1.1 The concept of production cost and product cost : 1.1.1 The concept of production costs: 1.1.2 The relationship between production cost and product cost: 1.1.3 The role and role of production cost accounting and product cost calculation: 1.2 Production cost classification and product cost: 1.2.1 Production cost classification: .7 1.2.2 Price classification: 1.3 Objects and methods of production cost accounting and product cost calculation: 10 1.3.1 Production cost accounting object and method: 10 1.3.2 Object and method of product cost calculation: 12 1.4 How to evaluate work in progress and product cost method 16 1.4 Unfinished Product Review 16 1.4 Method of calculating product cost .18 1.5 Types of accounting books used 23 Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis 1.6 Presentation of production cost accounting information and product cost 24 on financial statements 24 1.6.1 Accounting vouchers 24 1.6.2 Account used 24 1.6.3 Accounting order 29 CHAPTER II .32 CURRENT SITUATION OF COMBINATION OF PRODUCTION COSTS AND PRICE CALCULATION AT BINH MINH GARMENT JOINT STOCK COMPANY .32 2.1 General introduction about Binh Minh Garment Joint Stock Company 32 2.1.1 The birth and development of Binh Minh Garment Joint Stock Company 32 2.1.2 Products of the company: .33 2.1.3 Product manufacturing technology process 35 2.1.4 Company organizational structure 36 2.1.5 Results of production and business activities in recent years .37 2.1.6 Some regimes and policies apply in the company 40 2.2 Current status of accounting work of production cost and product cost calculation at Binh Minh Garment Joint Stock Company .42 2.2.1 The process of accounting professional accounting gathers production costs and product costs at Binh Minh Garment Joint Stock Company 42 2.2.2 The professional accountant gathers production costs and product costs at Binh Minh Garment Joint Stock Company .43 2.3 Assessment of the accounting status of the combined production cost and product cost calculation of Binh Minh Garment Joint Stock Company 70 2.3.1 Advantages 70 2.3.2 Disadvantages still exist: 71 Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis CHAPTER III 73 SOME SOLUTIONS TO COMPLETE COLLECTIVE ACCOUNTING AND PRODUCT PRICE AT BINH MINH GARMENT JOINT STOCK COMPANY 73 3.1 Requirements and principles of perfecting the accounting of production costs and product cost calculation at Binh Minh Garment Joint Stock Company 73 3.1.1 Principle 73 3.1.2 Requirements of Finishing 74 3.2 A number of solutions to perfect the accounting that gathers production costs and product prices at Binh Minh Garment Joint Stock Company 75 3.2.1 It is necessary to deduct in advance salary for production workers' leave .75 3.2.2 Change in the method of depreciation of fixed assets 76 3.2.3 The production losses should be clearly identified: .76 3.2.4 Other solutions 77 3.3 Conditions for implementing the solution of perfecting accounting measures to collect production costs and product prices at Binh Minh Garment Joint Stock Company 78 CONCLUDE 80 REFERENCES 81 Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis PREFACE The reason for choosing the topic Over the decades under the proper leadership of the Party and State, independence and development of a market economy with the state's macro regulation Thanks to that change, our country is increasingly developing and gradually building the economy in the direction of industrialization and modernization The whole world is suffering from the effects of the Covid-19 epidemic Therefore, it is required that businesses operate according to the principle of "taking revenue from expenses and making profits" Profitable business is both the purpose and the means for enterprises to survive and develop The problem is how to determine the cost that the business needs to cover, the business has profit or loss, this requires business managers to regularly pay attention to the public management, production cost and product cost factors that aggregate production cost accounting and product cost calculation are a direct tool to help cost management work closely closely and regularly From there, it helps managers to make the correct processing and settlement process in a timely manner; Combined with information on market prices, production cost information helps business managers determine the reasonable selling price of products, find an optimal product production structure, take advantage of the production capacity to bring high efficiency Thereby helping us to determine whether to expand or narrow production to what extent? In addition, the detailed cost and cost documents also help a lot for the accounting work, the internal economy of the enterprise, rational use of this information will create economic leverage, develop productivity Labor in lowering product costs, promoting the whole enterprise to go up is considered an important work of accounting work in manufacturing enterprises, so it is impossible to account production costs and product costs arbitrarily, but must correctly and fully calculate the product cost Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis Recognizing the importance of this issue with the knowledge acquired during the course of studying at the Academy of Finance, at the same time, researching the reality of accounting, production costs and product cost calculation at Binh Minh Garment Joint Stock Company, I boldly chose the topic " Improving production cost accounting and product cost calculation at Binh Minh Garment Joint Stock Company " at Binh Minh Garment Joint Stock Company as key graduation thesis In order to complete this thesis, I would like to thank the brothers and sisters in the finance and accounting department of Binh Minh Garment Joint Stock Company and especially Tien's devoted guidance and attention doctor Bui Thi Hang created conditions to help her complete her thesis The research objectives of the topic Complete the knowledge learned about the accounting organization Based on practical study of production cost accounting and product cost calculation at the Company Giving some suggestions to contribute to perfecting production cost accounting and product cost calculation at Binh Minh Garment Joint Stock Company Research method - Inheriting existing documents on research problem - Investigating and collecting data through the company's accounting books Data analysis method - Expert method: exchange, consult with people who have experience in research issues Scope of the study Scope of space: Production cost accounting and product price calculation at Binh Minh Garment Joint Stock Company Time scope: study accounting documents and documents and about financial statements 2018-2020 Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis Structure of topic In addition to the introduction and conclusion of the content of your thesis, there are 03 chapters: - Chapter I: Basic theory of production cost accounting and product cost calculation in manufacturing enterprises - Chapter II: Accounting status of production cost and cost calculation at Binh Minh Garment Joint Stock Company - Chapter III: Solutions to perfect the accounting of production costs and product cost calculation at Binh Minh Garment Joint Stock Company Due to limited practice time as well as knowledge, accumulation of practical experience is not much, so my dissertation is inevitable So I look forward to the help of the instructors and the accounting staff of Binh Minh Garment Joint Stock Company to improve my research topic At the same time, it helps me to learn more deeply about accounting in general and accounting for total production costs and product costs in particular Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis CHAPTER I BASIC THEORY OF PRODUCTION COSTS ACCOUNTING AND PRICE CALCULATION IN PRODUCTION ENTERPRISES 1.1 The concept of production cost and product cost : 1.1.1 The concept of production costs: The emergence and development of human society are associated with the production process Social production by any mode of production is also associated with the movement and consumption of the basic factors that make up the production process Therefore, the formation of production costs to create the value of manufactured products is inevitable, not dependent on the subjective will of people Cost perceptions can differ in terms of viewpoints and forms of cost representation, but they all admit a common problem: '' The cost of production is a monetary expression of the total waste of living labor and the animalization necessary for the production and business activities that enterprises must spend in the business cycle ” - The concept of product cost: Price is the production cost calculated for a volume or unit of product, labor or service, produced or provided by the enterprise in a period In the production process in an enterprise, on the one hand, an enterprise has to spend production costs, on the other hand, the enterprise's production results have obtained certain finished products, services and labor finished products These finished products need to be priced, the product cost includes only costs involved directly or indirectly in the production process, excluding costs incurred in the business cycle of the enterprise Any subjective calculation that does not properly reflect the factors of value in cost can lead to the breakdown of the commodity-currency relationship, the inability of business efficiency and the inability to simply reproduce and extended reproduction Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis 1.1.2 The relationship between production cost and product cost: Production cost and product cost are two separate concepts but have a very close relationship because they are two sides of the production and business process The same qualitatively similarly manifests itself in monetary terms of the live labor and the materialized labor cost, but varies in quantity When it comes to production costs that limit them to a certain period, regardless of the type of product, finished or not, also when it comes to the product cost, it determines the amount of production cost given a certain amount of completion From an operational process perspective to consider, the production process is a continuous process, while the cost of products performed at a time is cyclical to compare costs with blocks quantity of products, services and services completed At the time of the cost calculation it may be an unfinished product volume containing a certain amount of cost to it - that is, end-of-period work in progress Likewise, at the beginning of the period there may be some volume of unfinished product in the previous period which is transferred to further production, which does not contain a certain amount of cost for it - that is the beginning work in progress Thus, the finished product cost in the period includes the production cost of the previous period transferred to and part of the production cost of the product in the period Z = Dđk + PS - Dck Inside : Z - Total cost of finished product Dđk - Work in progress at the beginning of the period PS - Production costs of products incurred in the period Dck - Ending work in progress In addition, the product price is subjective, the calculation in the product cost including any costs depends on the decision to calculate and determine costs, objects, results as well as regulations of the management regime financial economic management, current accounting regime Production costs in a period Nguyen Mai Anh CQ55/21.02CLC Academy of Finance Graduation Thesis include costs of production that are prepaid but not amortized to this period and expenses payable in the previous period that arise but not include prepaid costs of the previous period this period and other expenses payable in this period but have not actually incurred In contrast, product cost is only related to accrued expenses in the period and prepaid expenses amortized within the period 1.1.3 The role and role of production cost accounting and product cost calculation: In economic management there are many different tools to manage, but accounting is considered the most important management tool in which production cost accounting and product cost calculation are the focus of the whole work It has provided the necessary information on production costs and product costs to help managers analyze and evaluate the implementation of cost norms and cost estimates in time fees; the use of assets, materials, capital, labor; performance situation on product cost planning to make appropriate decisions Contribute to strive to save costs, lower product costs to create conditions to gain competitive advantage in the market To meet the requirements of managing production costs and cost of accounting products, it is necessary to perform the following key tasks: - First of all, it is necessary to properly recognize the position and role of cost accounting and product cost calculation in the entire accounting system of the enterprise, and its relationship with other relevant accounting departments - Based on the characteristics of production and business organization, production technology process, type of production, product characteristics, the ability to account for specific management requirements of enterprises to select and determine correctly the right object and the method of gathering production costs according to the appropriate plans and is the basis for determining the price calculation object Nguyen Mai Anh CQ55/21.02CLC Từ bảng tính giá thành,cuối tháng kế tốn lên CTGS Cơng ty cổ phần May Bình Minh Số:09 CHỨNG TỪ GHI SỔ Tháng 11 năm 2020 ĐVT: đồng Ngày Trích yếu 31/11 Nhập kho thành phẩm Tài khoản Nợ Có 155 15403 Cộng Số tiền Ghi 3.133.807.268 3.133.807.268 Kèm theo … chứng từ gốc Kế toán trưởng Người lập (ký,họ tên) (ký, họ tên) Nguyen Mai Anh 69 CQ55/21.02CLC At the end of the month, based on CTGS No 08.09 accounting for the Ledger, Tk 154 SỔ CÁI Công ty cổ phần May Bình Minh Tháng 11 năm 2020 Tên tài khoản: chi phi sản xuất kinh doanh dở dang Số hiệu: 154 Chứng từ Ngày ĐVT: đồng Diễn giải TK đối ứng Số Số tiền Nợ Có Số dư đầu kỳ Số phát sinh kỳ Kết chuyển chi phí NVL trực tiếp 621 312.917.432 Kết chuyển chi phí NCTT 622 1.741.305.813 Kết chuyển chi phí SXC 627 1.079.584.023 Nhập kho thành phẩm 155 Cộng phát sinh 3.133.807.268 3.133.807.268 3.133.807.268 Số dư cuối kỳ Người lập sổ (ký, họ tên) Nguyen Mai Anh Kế toán trưởng Giám đốc (Ký, họ tên) (Ký, họ tên) 70 CQ55/21.02CLC Công ty cổ phần May Bình Minh SỔ ĐĂNG KÝ CHỨNG TỪ GHI SỔ Tháng 11 năm 2020 ĐVT: Đồng Chứng từ ghi sổ Chứng từ ghi sổ Số tiền Số hiệu Ngày, tháng A B … … … 03 31/11 427.541.531 04 31/11 194.128.108 05 31/11 706.542.310 06 31/11 20.956.904 … … - Cộng tháng - Cộng lũy kế từ đầu quý Số tiền Số hiệu Ngày, tháng A B … … … … 8.220.765.000 8.220.765.000 Ngày 31 tháng 11 năm 2020 Người ghi sổ (Ký, họ tên) Nguyen Mai Anh Kế toán trưởng (Ký, họ tên) 71 Thủ trưởng đơn vị (Ký, họ tên, đóng dấu) CQ55/21.02CLC Academy of Finance Graduation Thesis 2.3 Assessment of the accounting status of the combined production cost and product cost calculation of Binh Minh Garment Joint Stock Company 2.3.1 Advantages + Accounting apparatus The company's accounting apparatus is organized relatively complete, compact, suitable for the size of the company The contingent of staff members have professional qualifications and solid skills, master the functions of each department, each part, and successfully complete the assigned tasks The assignment of work meets the requirements of the job and at the same time promotes the professional capacity of each person In the current fiercely competitive market mechanism, businesses regardless of economic sectors must find yourself a right direction to survive and develop Foreseeing that, in recent years, the Company has constantly innovated, gradually perfected the management, in which the accounting apparatus segment plays an important role + About book and voucher system: The company performed well the work of recording the circulation of vouchers , the original accounting vouchers were strictly accounted and arranged scientifically The vouchers used in the unit both ensure the legality and ensure the accounting voucher regime issued by the State The company applies online centralized model with the general journaling form The accounting work is generally done well, promptly reflecting and providing changes in assets and capital sources, the implementation of economic and financial indicators, thereby helping the Company leaders make decisions correct and timely determination of business plans + About the account used The account system that the company is applying is in accordance with the issued accounting regime and amendments; consistent with the company's production and business situation On the other hand, on the basis of the accounting account system, the Company has opened detailed accounts for each item, each customer as at present, contributing to creating favorable conditions for tracking changes in accounts At the same time, it is convenient for the collection of costs and the cost of the company's products Nguyen Mai Anh 72 CQ55/21.02CLC Academy of Finance Graduation Thesis + About accounting method: The accounting work in general and the accounting of production costs and product prices in particular are applied in accordance with the state accounting regime according to Circular 200/2014 / TT-BTC, in accordance with requirements and principles outlined accounting During the accounting process, the company has made improvements in accordance with the accounting characteristics and business organizational characteristics of the company The serious implementation of the accounting of production costs and product cost calculation increasingly meets the important goal of saving production costs and lowering product costs The company determines the subjects, accounting methods as well as the costing period in accordance with the production characteristics and management requirements of the company From there, it ensures the strict supervision of the company's materials and capital, and provides timely data for the management and leadership of the company's production With the above advantages, the accounting of production costs and product cost calculation are increasingly promoted, contributing to improving the efficiency of production activities of the company However, in addition to that, the accounting of production costs and product prices in the company still have shortcomings that need to be overcome 2.3.2 Disadvantages still exist: + First: The company has not made an advance deduction for the leave wages of production workers: the cost of leave wages of workers directly engaged in production may arise suddenly in a certain month of the year affects the accounting of production costs and product costs if the company does not calculate and accrue vacation pay during the year + Second: Regarding the depreciation method of fixed assets Currently the company is applying the straight-line depreciation method to calculate depreciation for fixed assets I think this depreciation is unreasonable because the company's fixed assets are mainly machinery and equipment for production of products that the world technology becomes more and more modern, sewing machines will easily become obsolete According to this depreciation method, the depreciation cost of fixed assets in the years is the same, but in fact, old machinery and equipment will affect productivity and product quality, making Nguyen Mai Anh 73 CQ55/21.02CLC Academy of Finance Graduation Thesis the depreciation cost of fixed assets in the last years The increase affects the aggregation of costs and the cost of the product, which is not beneficial for businesses + Third: The cost of damages in the manufacturing business Currently in the company, production losses are included in production costs to calculate the cost of products so that production costs and product costs increase, affecting the competitiveness of the company company on the market + Fourth: The export of raw materials is still rampant, mostly exporting materials for a whole product code at a time in large quantities, if the preservation and management in the workshop is not good, it will cause loss or humidity + Fifth: The monthly electricity bill is not really accurate because there is only one common three-phase power source for both production and management At the end of the month, accounting estimates and allocation only for production and administration are not so accurate Sixth: The unfinished product review Currently, the company evaluates unfinished products according to the direct raw material method This method has a simple temperament, but its accuracy is not high Nguyen Mai Anh 74 CQ55/21.02CLC Academy of Finance Graduation Thesis CHAPTER III SOME SOLUTIONS TO COMPLETE COLLECTIVE ACCOUNTING AND PRODUCT PRICE AT BINH MINH GARMENT JOINT STOCK COMPANY 3.1 Requirements and principles of perfecting the accounting of production costs and product cost calculation at Binh Minh Garment Joint Stock Company 3.1.1 Principle Accountants play an important role in governing the entire national economy In the accounting charter, the State affirms that: For the State, accounting is an important tool to calculate the construction and check the implementation of obligations to the State budget, to administer and manage the macro background National Economy Apparel is a consumer item with strict market requirements So in order to win the trust of consumers, it is required that the Company's clothing products are constantly improving quality This is a long term goal that needs to be addressed, and at the same time it comes with efficiency The completion of accounting must be carried out comprehensively on all accounting work, is an important part of the accounting work, the accounting of cost aggregation and product cost calculation is a the content needs to be improved Good organization of cost collection and product cost calculation helps to gather all incurred cost items, gather and accurately allocate production costs for each cost aggregator for accurate cost calculation, providing timely information on cost and cost situation to help production management to be better, bring higher efficiency in using business capital The correct accounting of accounting operations that aggregates costs and calculates product prices is the basis for recording in accounting vouchers and books in a scientific, fully accurate manner, fully provided information for good management managers and improve the efficiency of production and business activities Completing the accounting work of cost collection and product costing in the direction of providing information to serve the needs of business administration and administration is a requirement of business managers For manufacturing enterprises, information about economic activities arising in the production process, such as the amount of expenses spent for each type of activity, how much is each product or Nguyen Mai Anh 75 CQ55/21.02CLC Academy of Finance Graduation Thesis service in the period, the cost of each type of cost in the product or service and the cost of each product or service, can only be known through the collection and processing of cost aggregate accounting information and calculating the cost of production Products On the basis of this information, the management accountant makes a detailed estimate, sets out cost-saving criteria to lower product costs, helps managers choose and decide the best plan for production and business activities of the company Corporate governance is a continuous process from planning to implementing, inspecting and controlling the implementation of that plan, so it is indispensable for accounting information provided Therefore, it requires businesses as well as Binh Minh Garment Joint Stock Company need to constantly improve the accounting work, collect production costs and calculate product costs At present, Binh Minh Garment Joint Stock Company has its own position in the garment market , but not so that the Company can avoid the competition of its competitors Therefore, in order to survive and develop, the Company must promote its inherent strengths as well as efficiently utilize resources In such circumstances, the improvement of management and cost accounting, product cost calculation is an effective measure Going further is the goal of improving quality and lowering product costs The combination of costs and product costs should always be considered and completed to suit the Company's conditions Since then, building a tool to calculate product costs while ensuring cost saving goals and lowering product costs 3.1.2 Requirements of Finishing - Completing cost and cost accounting is an urgent requirement, but meeting that requirement cannot affect the production and business activities of the Company On the other hand, it must always comply with the accounting principles and standards issued by the State - Complete cost accounting and cost calculation to ensure it is consistent with production characteristics and the actual situation of the Company - Improving cost accounting is also to promptly and fully provide information to the leaders of the Company, serving for management decisions Nguyen Mai Anh 76 CQ55/21.02CLC Academy of Finance Graduation Thesis - Completing cost cost accounting should aim to build a compact and efficient accounting apparatus - The completion must be done on scientific basis, with efficiency even financially but still feasible 3.2 A number of solutions to perfect the accounting that gathers production costs and product prices at Binh Minh Garment Joint Stock Company The accurate accounting of production costs and product costs in accordance with the current accounting regime of finance staff will help the company determine the results of the capital investment process, determine large profits or less or allow to propose corrective directions to improve the efficiency of production and business and prove their own capabilities in the market Although the internship period at the company is not very long, but through researching the actual situation at the company, I would like to express some of my subjective thoughts in order to perfect the accounting of production costs and Product cost price calculation at Binh Minh Garment Joint Stock Company is as follows: 3.2.1 It is necessary to deduct in advance salary for production workers' leave The company does not make an accrual of salary for production workers' leave, which usually arises in any month, it is always recorded in that month In order for the production to stabilize, the labor cost will not be fluctuated, the company should deduct in advance salary for production workers' leave and allocate it to the production cost in the accounting period according to the estimate If so, if the production worker takes a lot of leave during the period, it will not cause a sudden change in production costs and does not affect product costs In order to calculate the vacation pay of production workers, the company determines the monthly advance rate, the company can calculate the percentage (%) of the total salary of workers directly producing Specifically, the company can deduct 5% of the total main salary of direct production workers as follows: Compensation salary: 187,240,500 x 5% = 9,362,025 Dr 622 = 9,362,025 Cr 335 = 9,362,025 Nguyen Mai Anh 77 CQ55/21.02CLC Academy of Finance Graduation Thesis Then the total direct labor cost increase will increase 9,362,025 total cost to calculate the increased cost, production cost When paying salary on leave, the accountant records: Dr 335: 9,362,025 Cr 334: 9,362,025 3.2.2 Change in the method of depreciation of fixed assets The firm's depreciation method is the straight-line method of depreciation of fixed assets Under this plan, the depreciation rate of fixed assets remains constant from the time of use to the time of liquidation or sale, but in reality the machines for the depreciation of fixed assets in the last years increase, affecting the cost aggregation and calculate the cost of the product This is not beneficial for the company, so in my opinion I should use the descending balance depreciation method The depreciation rate is calculated by the following formula: Mức trích khấu Giá trị cịn lại Tỉ lệ = X hao kỳ Của TSCĐ Khấu hao 3.2.3 The production losses should be clearly identified: In the production process, because the skill level of each worker is different, the damaged product in production is inevitable When a failure occurs, it should be considered an internal or external failure - For the cost of a defective product within the allowable limit, that cost is included in the product cost - For the cost of damaged products beyond the norm, the cost price of the product is not included, when the cause is determined and the accounting handling decision is issued, the following accounts shall be recorded: + If the fault is caused by the production worker, the accountant should be forced to pay compensation: Dr 1388, 334 Cr 154: Work in progress + If the cost of damage is the fault of the machine decided to include the cost of the damage in other expenses, the accountant shall record: Dr 811 Cr 154 3.2.4 Other solutions Nguyen Mai Anh 78 CQ55/21.02CLC Academy of Finance Graduation Thesis Grasp the export of raw materials for production Currently, the company often exports raw materials right in the first days of the month, the export is rampant to the production workshops, making the cost of unfinished materials at the workshops is too great Based on the table of raw material consumption for each product set up by the technical department, where to produce, export raw materials there to avoid interference leading to loss Should apply accounting software Applying machine accounting in accounting work helps reduce the accounting workload, the use of software in the accounting process helps to record fully, promptly and accurately arising economic transactions help accountants can collect production costs in time, calculate exact prices, thereby providing timely and fully information for managers For example: Accounting bookkeeping form The company applies computerized accounting, using MISA software with a bookkeeping system in the form of a General Journal accounting form Chứng từ kế toán Bảng tổng hợp chứng từ kế toán Sổ kế toán Phần mềm kế toán MISA Báo cáo tài Máy vi tính Sơ đồ 2.3 Sơ đồ hình thức kế tốn cơng ty ( Nguồn: phịng kế toán ) The order of recording form on computer according to MISA software: The company uses Misa accounting software for small and medium enterprises Below is the interface of the software Everyday, the accountant enters the arising transactions into accounting software The accountant produces daily reports and financial statements from the software for the management Nguyen Mai Anh 79 CQ55/21.02CLC Academy of Finance Graduation Thesis Hình Phần mềm kế toán Misa 3.3 Conditions for implementing the solution of perfecting accounting measures to collect production costs and product prices at Binh Minh Garment Joint Stock Company The above are all shortcomings in production cost accounting and product cost calculation at Binh Minh Garment Joint Stock Company The perfect directions I give based on the accounting and financial regulations of the Ministry of Finance and the characteristics of the Company However, in order for the finishing work to be truly effective, all levels, branches and divisions should have suggestions for effective accounting work The State side: creates an open playground for business units to participate in activities The State continues to build and consolidate the system of laws and accounting standards and guiding circulars In order to conform to the general standards of international accounting, at the same time, facilitate the accounting work in enterprises In order to achieve the goal of international accounting integration, the State needs to create a legal framework for enterprises to find and apply the accounting methods suitable to their particularities while maximizing their usability use information to objects Nguyen Mai Anh 80 CQ55/21.02CLC Academy of Finance Graduation Thesis On the side of Binh Minh Garment Joint Stock Company, in order for cost accounting and production cost calculation to be really effective, the biggest responsibility belongs to the Company An entity can experiment with accounting methods to suit the business characteristics of its unit But in addition to completing cost accounting and product costing, it is necessary to have a close coordination in the structure of departments, departments, from which all information about the business situation of the company have just received feedback, effectively serving the accounting work For example, if building a management accounting model in the company is feasible, the first job to is to make it common to everyone in the company from employees to leaders how their job duties affect the overall results of the company Then, all information from the new department will reflect correctly, the implementation process is really unified from the workshop to the work of departments and departments On the side of the accountant: each accountant should review whether the accounting information they provided is really correct or not, convenient to capture and collect information or not Since then, there are solutions to be reasonable and highly effective at work Nguyen Mai Anh 81 CQ55/21.02CLC Academy of Finance Graduation Thesis CONCLUDE In a market economy with the integration of the world economy after Vietnam joined the World Trade Organization (WTO) to survive and develop, it requires businesses to pay attention to the Every economic activity, no matter where it takes place, at any time must be fully and accurately recognized through accounting work at the enterprise It helps managers to make correct and timely decisions and evaluate the business operation process of the business, helping businesses have many opportunities to develop and improve business efficiency During my internship at Binh Minh Garment Joint Stock Company, although the time was not much, I partly understood the importance of accounting, especially the accounting of production costs and cost calculation capture products and capture accounting skills at the company Recognizing the importance of this issue with the knowledge acquired during the course of studying at the Academy of Finance along with real-time accounting of production costs and production costs At Binh Minh Garment Joint Stock Company, I boldly chose the topic "Improving production cost accounting and product cost calculation at Binh Minh Garment Joint Stock Company" as the subject of graduation thesis of me However, due to the limitation of theoretical knowledge, this thesis is difficult to avoid certain limitations Finally, I would like to sincerely thank the enthusiastic guidance of lecturers Dr Bui Thi Hang and the management and staff of the accounting department at Binh Minh Garment Joint Stock Company for helping me complete this thesis Thank you sincerely! Nguyen Mai Anh 82 CQ55/21.02CLC Academy of Finance Graduation Thesis REFERENCES Textbook of financial accounting - Academy of Finance Publishing House Associate Professor Vo Van Nhi - Lecturer of accounting and auditing faculty, Academy of Finance (2014) "306 Diagram of corporate accounting", Financial Publishing House Assoc.Prof.Dr Nguyen Thi Dong - Academy of Finance (2014) "Accounting accounting in enterprises", Statistical Publishing House Circular 200 / TT-BTC dated 22/12/2014 of the Prime Minister guiding a number of articles of the Law on Social Insurance regarding compulsory social insurance 5.Business accounting regime - Financial Publishing House Documents at the company Report of business results Websites about accounting and company: http://ketoanthienung.net/ https://hosocongty.vn/cong-ty-tgn-gowoo-vina-viet-nam-com www.webketoan.vn Nguyen Mai Anh 83 CQ55/21.02CLC ... and product cost calculation at Binh Minh Garment Joint Stock Company 2.2.1 The process of accounting professional accounting gathers production costs and product costs at Binh Minh Garment Joint. .. production costs and product costs at Binh Minh Garment Joint Stock Company 42 2.2.2 The professional accountant gathers production costs and product costs at Binh Minh Garment Joint Stock Company ... calculation at Binh Minh Garment Joint Stock Company, I boldly chose the topic " Improving production cost accounting and product cost calculation at Binh Minh Garment Joint Stock Company " at Binh