INTERNSHIP REPORT ACCOUNTING FOR CASH AND RECEIVABLES AT VIET NHAT ALUMINUM AND GLASS CONSTRUCTION CO ,LTD

TON DUC THANG UNIVERSITYFACULTY OF ACCOUNTING

INTERNSHIP REPORT

ACCOUNTING FOR CASH AND RECEIVABLES AT

VIET NHAT ALUMINUM AND GLASSCONSTRUCTION CO.,LTD

LECTURER: MS LE THI MY HANH

MR NGUYEN TAN DAT

STUDENT: TRAN THI VAN ANHID STUDENT NO : 21606011CLASS: 16020111

HO CHI MINH CITY, JANUARY 2022

TON DUC THANG UNIVERSITYFACULTY OF ACCOUNTING

INTERNSHIP REPORT

ACCOUNTING FOR CASH AND RECEIVABLES ATVIET NHAT ALUMINUM AND GLASS

CONSTRUCTION CO.,LTD

LECTURER: MS LE THI MY HANH

MR NGUYEN TAN DAT

STUDENT: TRAN THI VAN ANHID STUDENT NO : 21606011CLASS: 16020111

HO CHI MINH CITY, JANUARY 2022

LECTURER'S COMMENTS

Student: Tran Thi Van AnhStudent ID: 21606011

Lecturer: Ms Le Thi My Hanh and Mr Nguyen Tan Dat

PHIẾU CHẤM ĐIỂM BÁO CÁO TẬP SỰ NGHỀ NGHIỆPNGÀNH KẾ TOÁN- HỆ CHẤT LƯỢNG CAO

SVTH: TRẦN THỊ VÂN ANH MSSV: 21606011 Lớp: 16020111GVHD: Cô LÊ THỊ MỸ HẠNH & Thầy NGUYỄN TẤN ĐẠT

GVPB:………1 Phần 1 ( Điểm đánh giá của DN) (3,0 điểm)

Tuân thủ các quy định của Nộp phiếu đăng ký đề tài và Nhật ký TSNN,

của Khoa và GVHD về kết cấu chungcủa BCTSNN.

- Trình bày rõ ràng, đẹp mắt, không có

lỗi chính tả

3.2 Tác phong, tuân thủ hướng dẫn - Gặp GVHD đầy đủ, chuyên cần, chịu

(0,5) khó, ham học hỏi & thực hiện theo 0,25

hướng dẫn của GVHD

- Chủ động, tự giác và có những suy

3.3 Chapter 1: Overview of previous - SV đưa ra được cái nhìn khái quát

reports (0,5) các bài báo cáo trước,chỉ ra những

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điểm liên quan đến bài báo cáo thực

tập (liên quan đến đề tài hoặc vănphong viết báo cáo thực tập theo chuẩnquốc tế, v.v)

- SV có trích dẫn đầy đủ tên tác giả,đề tài báo cáo, năm thực hiện.

- SV sử dụng ngôn từ của mình để thểhiện ý tưởng của những bài nghiên cứu

3.4 Chapter 2: Introduction of an trước.

organization (0,5) - Tuân thủ theo đề cương chung của 0,25

- General introductionkhoa

- Organizational structure - Trình bày đầy đủ, ý tứ mạch lạc, rõ0,25

- Products/ service offeringràng- Vision for the future (optional)

3.5 Chapter 3: Internship procedure(3,5)

3.1 Internship activities (1,0)- Trong mục này SV cần trình bày sơ

lược về điều kiện làm việc và chứcnăng công việc trong phòng ban SV đãthực tập.

- Liệt kê tất cả các công việc được

giao trong thời gian thực tập, sau đó0.5giải thích chi tiết tính chất từng côngviệc (công việc hành chính, công việcliên quan đến chuyên ngành)

- SV đưa ra nhận xét hiệu quả hoàn

thành các công việc được giao Từ đótổng kết những kinh nghiệm, kỹ năngđạt được trong thời gian thực tập.

tiết của GVGS với nội dung trình bày

ràng, minh họa cụ thể bằng chứng từ, ýtứ mạch lạc.

- Có những nội dung bổ sung khác hay

và phù hợp với mục tiêu của chương vàđơn vị tập sự nghề nghiệp Đồng thờithể hiện kiến thức chuyên môn và nhậnthức thực tế tốt.

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Kiểm tra kiến thức lý thuyết liên Nắm vững kiến thức lý thuyết chuyên

1,0quan đến đề tài môn liên quan đến đề tài

Kiểm tra kiến thức/nhận thức Nắm vững nội dung đề tài đã trình bày

1,0thực tế liên quan đến đề tài trong BCTSNN, thực trạng công tác kế

toán/ kiểm toán tại DN

3.10 Khả năng sử dụng tiếng Anh để Trả lời lưu loát, tự tin, chuyên nghiệp 2,0trả lời câu hỏi phản biện của SV bằng tiếng Anh

Ngày … Tháng … năm …

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Diagrams 3.1 Process of rotating accounting vouchers to increase cash 15

Diagrams 3.4 Diagram of circulation of deposit payment documents 30

LIST OF TABLES

LIST OF PICTURES

No.

Picture 2.1 Logo of Viet Nhat Aluminum Glass Construction Co., Ltd 3Picture 2.2 Construction of aluminum and glass facades at Xuyen A Hospital 7

Picture 3.1 WPRO aluminum and glass material management software 10

It can be said that, in order to evaluate the prosperity of an enterprise, in addition to theincome statement, accounting for capital in cash and receivables plays an equallyimportant role because it is a process associated with the business existence Cash capitalis a type of business asset with the highest liquidity.

Currently, the developed world and domestic enterprises are also adapting quickly to notbe left behind by freely doing business widely, so the cash flow is increasingly complex,large and continuous.

Based on the instant solvency and the circulation of capital in cash, we can evaluate the economic performance and financial performance of the enterprise From there, check andfix Stemming from that important role, I chose the topic "Accounting of cash capital and receivables at Viet Nhat aluminum and glass construction company limited" The

structure of the report consists of three main parts: CHAPTER 1: AN OVERVIEW OF PREVIOUS REPORT

CHAPTER 2: INTRODUCTION OF COMPANYCHAPTER 3: INTERNSHIP PROCEDURE

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Through more than 4 years studying at Ton Duc Thang University, I have learned a lot ofknowledge and this report is the result of training and continuous support of the entireBoard of Directors of the University School in general and Lecturer in the Faculty ofAccounting.

- I would like to thank and especially to Ms Le Thi My Hanh and Mr Nguyen Tan Dat for taking her precious time to wholeheartedly guide me to complete this report.

- I would also like to thank the Director of Viet Nhat Aluminum Co., Ltd - Nguyen AiThi for accepting the invitation to let me come directly to the company to learn practicalexperience in the office environment and professional manner The profession andespecially the application of accounting knowledge in practice are always changing andrequire us to constantly learn.

- Finally, I would like to thank Ms Pham Thi Minh Thuy for guiding and teaching me during my internship in the accounting department.

Due to the long time of the epidemic, the internship process encountered manydifficulties, so the report could not avoid shortcomings I hope the teachers will guide mefurther so that I can complete and achieve good results.

Once again, thank you very much to all the teachers of Ton Duc Thang University and Viet Nhat Aluminum Co., Ltd wishes for good health and success.

Ho Chi Minh City, January 2022

2.2.1 Organizational chart of the company 4

2.2.2 Functions of each part 5

2.3 Fields and lines of business 6

2.3.1 Field of business 6

2.3.2 Sales process, service provision 6

2.3.2.1 Accessories business 6

2.3.2.2 Construction and installation of works 6

2.4 Vision for the future 8

CHAPTER 3 9

INTERSHIP PROCESS 9

3.1.1 Applicable accounting principles and regimes 9

3.1.2 Accounting support software for aluminum and glass companies 9

3.2 Internship at the company 11

3.2.1 Conditions on means of accounting services 11

3.2.2 Work performed during the internship 11

3.3 Actual situation of capital accounting process in cash and receivables at VietNhat Aluminum and Glass Construction Co., Ltd 13

3.3.1 General features of accounting for cash capital and accounts receivable 13

3.3.1.1 Classification of company's cash capital accounting 13

3.3.1.2 The system of accounts the company uses 13

3.3.1.3 User book system 13

3.3.2 Detailed accounting of capital in cash 13

3.3.2.1 Cash accounting 13

3.3.2.2 Accounting for bank deposits 25

3.3.2.3 Accounting for accounts receivable from customers 36

3.3.2.4 Accounting for other receivables 40

3.4 Conclusion 42

REFERENCES 44

CHAPTER 1

AN OVERVIEW OF PREVIOUS REPORTS

With the topic "Accounting of cash and receivables" that I chose, I have researchedthrough many sources of reports, but the linked sources at the school's library are limitedbecause of the current epidemic situation So, I read mainly reports uploaded on the webof many universities.

I have consulted some previous reports such as: "Accounting of capital in cash andaccounts payable at Gurmyoung Vi Na Industry Co., Ltd" in 2016 by Le Dat Trieu,Faculty of Accounting, Ton Duc Thang University Based on the company's operatingprocess, the general ledger, the detailed book, the author has shown the increasing anddecreasing items of cash, bank deposits, receipts, payment slips and stating the arisingtransactions that are easy to understand easy to read.

Next is "Accounting of capital in cash and receivables at Tran Lam Express TradingService Co., Ltd" in 2015 by Nguyen Thi Ngoc Han, Faculty of Accounting and Auditing,University of Technology, Ho Chi Minh City In general, the report format is quite similarto the standard required by the faculty The author gives in turn the concepts, documentsused, specific accounting and basic coherent diagrams and documents that are easy tounderstand.

And next is "Accounting of capital in cash and receivables at NoBLand Viet Nam Co.,Ltd" in 2014 by Chau Duong Tu Tran, University of Technology, Ho Chi Minh City Thisreport is highly appreciated for its meticulous attention to detail The author has gonefrom theory to practice in business Give definitions of each item of cash account,accounts receivable, etc., Detailed accounting, Inventory process From there, providemanagement information to handle the difference There are also very good andoutstanding reviews.

Overall ratings, each report has its own strengths and weaknesses However, dependingon the conditions of the internship company and the logic, the author can fully exploit the

problem and make his thesis detailed, interesting and convincing to the readers or not.Regarding the content of the topic, it still revolves around the main basic issues.

In short, the reports you all have grasped from theory to apply in practice are quite good, reflecting well the state of the business through your own eyes.

All that helped me gain experience and envision the best direction for my upcoming report.

• Main industry: Finishing construction works

• Website: Nhomkhivietnhat.com.vn or thicongnhomtinh.com.vn• Email: inf@thicongnhomkhi.com.vn

• Status: Still working• Logo:

Picture 2.1: Logo of Viet Nhat Aluminum Glass Construction Co., Ltd)

(Source: Internet data of Viet Nhat Aluminum Glass Construction Co., Ltd)

2.1.2 History of information and development

In 2013, the company established the first branch office with the main office inDistrict 4, Ho Chi Minh City and a factory located on Duong Duc Hien street, TanPhu district.

The factory is invested in modern, machinery is imported directly from Europe to bring top quality and aesthetics.

Currently, the company is a distributor of genuine accessories of Hafele, AMG, Amsure, Vickini, VVP, NewStar will provide customers with the best solution for choosing the most suitable accessories for every company submit.

After 8 years of operation in the field of design, installation and completion ofworks, the company has made great strides with three branches stretching in HoChi Minh City, Vung Tau and Binh Dinh.

2.2 Organizational structure

2.2.1 Organizational chart of the company

At the head office, the company has the following organizational chart:

iagram 2.1: Organizational structure of Viet Nhat Aluminum Glass Construction Co., Ltd

(Source: Internal data of Viet Nhat Aluminum Glass Construction Co., Ltd )

Chief Executive Officer:

- Directly runs the company based on company policies and regulations At thesame time, he is the representative responsible for the company to the state, responsible forobserving and promoting the development of the company.

Accounting department:

- Carrying out all the work of financial management, accounting, accountingstatistics, economic information statistics of the company in accordance with the Ordinanceon Statistical Accounting, the Law on Accounting and other relevant laws and regulations.provisions of the law to ensure effective business, preservation and development of capital.- Coordinate with the administrative - human resources department to paysalaries and bonuses to employees in accordance with the regime and on time Monitor thepayment process of customers through the banking system, be responsible for settling debtswith customers Open books, store documents related to delivery.

Planning and business department:

- Is a unit under the management apparatus of the company, has the function ofadvising the CEO to operate the business in accordance with the law and bring highefficiency.

- Research on the market and competitors for the company Plan the details of the contract

Human Resources Department:

- Prepare monthly reports on personnel changes.

- Responsible for drafting and storing all kinds of documents, records,documents, contracts of the Company and other information related to the Company.

- Implement regulations to ensure the rights and obligations of employees such as salary, bonus, allowance, welfare, etc.

5

Construction department, factory:

- Direct production, construction, installation and implementation of the company's project plans

2.3 Areas and lines of business

2.3.1 Field of business

- Main industry: Finishing construction works

- Viet Nhat Aluminum Glass Company is proud to be a leading unit in terms oftechnical expertise in manufacturing, construction, installation and distribution in thefollowing categories: providing package solutions for aluminum and glass and distribution.genuine accessories distribution

2.3.2 Sales process, service provision2.3.2.1 Accessories business

Distributing genuine accessories of Hafele, AMG, Amsure, Vickini, VVP, NewStar Supply and installation of automatic gates, doors - gates - iron stairs, corrugated iron roofs, stainless steel,

2.3.2.2 Construction and installation of works The

generalized process in the main stages is as follows:

Diagram 2.2: Sales process of Viet Nhat Aluminum Glass Construction Co., Ltd

(Source: Internal data of Viet Nhat Aluminum Glass Construction Co., Ltd )

- UPVC steel core plastic door

- Typical projects: Vinatex Factory and Showroom, Tan Son Nhat Golf CourseOperator, Tan Son Nhat Airport, Xuyen A Hospital, Suzuki Vietnam Factory,

Picture 2.2: Construction of aluminum and glass facades at Xuyen A Hospital

Highway 22 – Cu Chi – Ho Chi Minh City

(Data source of the internet)

Picture 2.3: Construction of automatic doors

(Source: Internet data of Viet Nhat Aluminum Glass Construction Co., Ltd)

2.4 Vision for the future

Business motto: “PRESTIGE - QUALITY – DEVELOPMENT”, always attachingcorporate interests to the interests of customers and the social community for sustainabledevelopment.

Striving to become the number one aluminum and glass construction distributor At thesame time, expanding distribution branches in Hanoi, Hai Phong, expanding factory scalein Ho Chi Minh City.

CHAPTER 3

INTERNSHIP PROCEDURE

3.1 Organization of accounting work at the company

3.1.1 Applicable accounting principles and regimes

- Accounting system: The company applies the corporate accounting system, Vietnameseaccounting standards and guiding, amended and supplemented circulars of the Ministry ofFinance according to Circular 200/2014/TT- BTC

- Fiscal year: From January 1 to December 31 every year

- Principles and methods of revenue recognition: Revenue from the sale of goods andprovision of services is recognized at the time of transfer of title to the goods and theissuance of a financial invoice or the completion of independent service provision at thetime of collection.

- Calculate VAT according to the deduction method- Cash accounting process:

Record information related to cash flow: cash, bank deposits

Receiving documents => Processing – Recording accounting books => Reviewing reported data

3.1.2 Accounting support software for aluminum and glass companies

- In fact, at Viet Nhat Aluminum and Glass Construction Co., Ltd., the management ofgoods in the field of construction and finishing works is very complicated because the goodsare aluminum bars, glass, components, are imported and exported cumbersome andcumbersome cropping in many forms and units, so it is difficult to calculate and manage.Therefore, the company used WPRO software to manage these items separately.

Picture 3.1: WPRO aluminum and glass material management software

(Source: Internal data of Viet Nhat Aluminum Glass Construction Co., Ltd )

Picture 3.2: Wpro's import and supplier management module

(Source: Internal data of Viet Nhat Aluminum Glass Construction Co., Ltd )

3.2 Internship at the company

3.2.1 Conditions on means of accounting services

Working equipment of accountants includes new generation laptops of famous brandssuch as Hp, Dell, Acer using accounting software to manage aluminum and glassmaterials; high-speed photocopiers and printers are capable of meeting the requirementsof working machinery and equipment.

3.2.2 Work performed during the internship

1 Learn how to use Wpro completed Know how to use internal

timely manner.2 Studying the process of completed Know how the company

providing construction works to support other

3 Learn how to allocate the completed Understand how to accountlabor cost of a finished for a finished product

4 Receive customer calls completed Know how to communicatefor advice and send email and introduce customers to

faltering and afraid incommunication5 Learn how to use completed Know how to use assistive

machines to copy, scan,and fax documents,documents, contracts and

store contracts on thesystem.

6 Enter the list, check the completed Practice fast typing skills

7 Send contract EMS to completed Know how to send express

8 Learn more software to completed Learn how to get more

Wpro, Teamwork,utraview,

9 Prepare contract completed Do and take responsibility.documents for customers Learn to be careful and

meticulous in the workingprocess to avoid mistakes

affecting the company.10 Organize, store invoices completed Know how to arrange and

and check the list of store paper invoices in aservices used for the scientific and reasonable

11 How to do an inventory of completed - Understand faster because

And how to handle the Count the number of types,

Inventory minutes– If there is a factual

difference with theaccounting books:• Facts > accounting books:

Dr 111/Account 3381• Actual < accountingbook: Debit account 1381/

Credit account 111- Handle: put in

711 or 81112 At the end of the month, completed Being exposed to work,

please confirm the bank having the opportunity to

balance (Statements,supplementary books )

to compare the books onthe accounting books ofthe World Bank - Bank's

- Money is being transferred

3.3.1.2 The system of accounts the company uses

- Account 111 (Cash): Reflecting cash of the enterprise There are 3 sub-accounts)- Account 112 (Bank deposits): Reflects the types of money kept at the bank

- Account 113 (Money in transit): Keeping track of the money that is in the process of completing procedures

3.3.1.3 User book system

- Receipts- Payment

- Fund inventory table- Cash detail book- Bank statements- Detailed book of bank

3.3.2 Detailed accounting of capital in cash3.3.2.1 Cash accounting

*Cash increase accounting

The process of transferring documents and books

Pay and sign Get your ticketdocuments back

Receivereceipt and

Diagram 3.1: Process of rotating accounting vouchers to increase cash

(Source: Internal data of Viet Nhat Aluminum Glass Construction Co., Ltd )

Settlement of accountingIllustrating profession

NV1: 04/01/2021 According to debit note ACB Bank 0000455 Withdrawing money into

TM fund, the accountant records:Dr 111: 24,000,000 VND

Cr 112: 24,000,000 VND

NV2: 04/01/2021 According to debit note number 0000456 Withdrawal of money to cash

fund, the amount of 28,500,000 VND, the accountant records:Dr 111: 28,500,000 VND

Cr 112: 28,500,000 VND

NV3: On January 4, 2021, according to debit note number 0000457, to withdraw money

to enter the cash fund, the amount of VND 20,000,000 is recorded as:Dr 111: 20,000,000 VND

Cr 112: 20,000,000 VND

NV4: On October 6, 2020, Dmaris Cong Hoa Joint Stock Company paid for the goods

according to the receipt number 000365, the amount of VND 1,804,000 recorded by theaccountant (Appendix 4)

Dr 111: 1,804,000 VND

Cr 131: 1,804,000 VND

NV5: On October 7, 2020, Duc Thuan Joint Stock Company paid for the purchase

according to the value-added invoice number 0000459, the amount of 814,000 VND, theaccountant recorded:

Dr 111: 814,000 VND

Cr 131: 814,000 VND

NV6: On October 10, 2020, Viet Duc Labor Joint Stock Company paid for the purchase

of goods under the contract No 10/2020/KVN-VIETDUC, the amount of 14,288,450VND recorded in the account (Appendix 3).

Dr 111: 14,288,450 VND

Cr 131: 14,288,450 VND

NV7: On October 15, 2020, Color Viet Co., Ltd paid for the purchase according to the

receipt number 000366, the amount of 11,969,000 VND, the accountant recorded(Appendix 5)

Dr 111:11,968,000 VND

Account 131: 11,968,000 VND

Table 3.1: General diary

Unit: Viet Nhat Aluminum Glass Co., LtdTax code: 0312547398

Address: Lot U, 43 Vinh Hoi Residence, Ben Van Don, Ward 08, District 4, Ho Chi Minh

0000456 04/10/2020

Withdraw money to enter cash

111 112 28,500,000fund

0000457 04/10/2020

Withdraw money to enter cash

111 112 20,000,000fund

0000458 6/10/2020

Dmaris Cong Hoa Joint Stock

111 131 1,804,000Company paid the money

0000459 07/10/2020 Duc Thuan Joint Stock Company 111 131 814,000pays money

0000460 10/10/2020

Viet Duc Labor Joint Stock

111 131 14,288,450Company pays money

0000461 12/10/2020 Viet Duc Labor Joint StockCompany pays money 111 131 14,288,4500000465 15/10/2020 Viet Color Co., Ltd pay money 111 131 11,968,0000000466 17/10/2020 Viet Nhat Electric Co., Ltd pay 111 131 627,000

money0000467 17/10/2020

Vien Ngoc Moi Investment Joint

111 131 1,804,000Stock Company paid money

Saigon Construction and

0000471 26/10/2020 Materials Joint Stock Company 111 131 1,694,000Acotec pays money

Date Month Year

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Table 3.2: Ledger account 111

Unit: Viet Nhat Aluminum Glass Co., LtdTax code: 0312547398

Address: Lot U, 43 Vinh Hoi Residence, Ben Van Don, Ward 08, District 4, Ho Chi Minh

0000455 04/01/2020

money to

11224,000,000enter cash

0000456 04/01/2020

money to

112 28,500,000enter cash

0000457 04/01/2020

money to

112 20,000,000enter cash

fundD'maris Cong

moneyDuc Thuan

Companypays money

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Labor JointStockCompanypays money

Viet DucLabor Joint

Companypays money

Viet Color

moneyViet Nhat

Co., Ltd paymoneyVien Ngoc

Companypaid the

moneySaigonConstructionand Materials

CompanyAcotec pays

moneyPhong VietConstruction

Co., Ltd paymoney

Previouspage numbermoves to- Add the

Date Month Year

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- Account 111 detail book

The process of transferring documents and books

Payer Accounting Chief Manager Treasurer

Receive moneyGet yourBrowse andReceive

Record cash

sign thepayment slip,

Diagram 3.2 : Diagram of cash payment vouchers

(Source: Internal data of Viet Nhat Aluminum Glass Construction Co., Ltd )

Illustrating profession

NV1: October 1, 2020 Paying cash into the account according to the payment slip number

00440, the amount of VND 206,000,000, the accountant records:Dr 112 206,000,000 VND