FIXED ASSETS ACCOUNTING OF THE NATIONAL PHYTOPHARMA JOINT STOCK COMPANY

i UNIVERSITY OF ECONOMICS AND LAWS FACULTY OF ACCOUNTING AND AUDITING GRADUATION THESIS FIXED ASSETS ACCOUNTING OF THE NATIONAL PHYTOPHARMA JOINT-STOCK COMPANY Supervisor: Nguyen Hoang Dieu Hien Student: Nguyen Ngoc Thao Uyen Student’s ID: K174050626 Class: K17405CA TPHCM, 06/2021 ii INTERNSHIP DIARY  General Information Full name: NGUYỄN NGỌC THẢO UYÊN Student’s ID: K174050626 Class: K17405CA Date of birth: July 15th, 1999 Supervisor: NGUYỄN HOÀNG DIỆU HIỀN Company’s Name: The National Phytopharma Joint-Stock Company Address: Bahamas Tower - Diamond Island, No Street 104, Bình Trưng Tây Ward, District Internship Department: Finance – Accounting Internship Instructor: Trương Tiến Phát Nguyễn Thị Thúy An Internship Position: General Accounting Internship Schedule: Dec 7th, 2020 to Feb 28th, 2021 No Student’s Week assessment Learning about the Company Dec 7th – Dec 18th Get used to the job, but still have not - Greetings and get acquainted grasped the with everybody in the Finance - company culture iii Accounting department and the and working environment company - Learning the culture and get acquainted gradually with the working environment of the company through the initial jobs Familiarizing yourself with the At first, the work assigned tasks: was still difficult, - Save vouchers, input invoices Dec 21st – Dec (receipt 31st note, payment) and output (delivery bill, receipts) but under the devoted guidance of Internship Instructors, saving - Get familiar with how to use the documents and scan using the printer become easier documents to send to customers printer: print, copy, - Check the VAT invoice with data on the system is the same or Well Accomplished Jan 27th – Jan 29th not -Sort invoices by invoice number -Check the VAT invoice with st Feb – Feb th data on the system is the same or Well Accomplished not -Check the VAT invoice with Feb 15th – Feb 19th data on the system is the same or not Well Accomplished -Sort invoices by invoice number Feb 22nd – Feb - Check cancellation invoice Well Accomplished iv 26 th -Write The Minutes of Invoice Adjustment (deviation of money, taxes, ) v NHẬN XÉT CỦA ĐƠN VỊ THỰC TẬP  Họ tên SV thực tập: MSSV: Lớp: Trường Đại học Kinh tế - Luật Đã thực tập Phòng: Từ thời gian: từ ngày … /12/2020 đến ngày … /03/2021 Nhận xét chung: ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………… …………., ngày … tháng … năm 2021 Xác nhận đơn vị thực tập vi vii TABLE OF CONTENT TABLE OF CONTENT vii LIST OF FIGURE & TABLE .xi LIST OF ABBREVIATIONS .xii CHAPTER 1: INTRODUCTION ABOUT THE NATIONAL PHYTOPHARMA JOINT-STOCK COMPANY 1.1 Business overview 1.1.1 General information 1.1.2 Business’ Objectives 1.1.3 Business’ Functions 1.2 Organization structure 1.2.1 General Meeting of Shareholders 1.2.2 Board of Directors 1.2.3 General Director 1.2.4 Deputy General Director 1.2.5 Supervisory Board 1.2.6 Administration Department 1.2.7 Finance and Accounting Department 1.2.8 Import and Export Department 1.2.9 Storage Department 1.2.10 Shops 1.2.11 Centers 1.3 Accounting overall 1.3.1 Accounting structure viii 1.3.2 Accounting functions 1.3.3 Accounting policies 10 1.3.4 Accounting vouchers 10 1.3.5 Accounting documents 11 1.3.6 Accounting report 12 CHAPTER 2: THEORETICAL FRAMEWORK 13 2.1 Definition of Fixed assets 13 2.1.1 Tangible Fixed assets: According to VAS 03 13 2.1.2 Intangible Fixed assets: According to VAS 04 13 2.1.3 Another document affects Fixed assets: Circular 45/2013/TT-BTC 14 2.2 Classification of FA of the business 16 2.2.1 Classification according to the form 16 2.2.2 Classification by ownership 17 2.2.3 Based on the sources of formation 17 2.2.4 Classification by economic uses 17 2.2.5 Classification according to usage situation 18 2.2.6 Classification according to the purpose of use 18 CHAPTER 3: ACCOUNTING FOR ARISING ECONOMIC TRANSACTIONS RELATED TO FIXED ASSETS 20 3.1 Increase in Fixed assets transactions accounting 20 3.1.1 Tangible Fixed assets costs 20 3.1.2 Booking Entries Procedures 20 3.1.3 Uses accounts 21 3.1.4 Accounting of Fixed assets transaction 21 3.1.5 Illustrate Case 23 ix 3.2 Depreciation of Fixed assets 23 3.2.1 Useful life 23 3.2.2 Depreciation method 24 3.2.3 Uses accounts 27 3.2.3 Illustrate Case 28 3.3 Accounting for reduced Fixed assets 28 3.3.1 The Company’s policy Tangible Fixed assets liquidation 28 3.3.2 Carrying amount of Fixed assets 29 3.3.3 Uses accounts 29 3.3.4 Illustrate related document 30 3.4 Fixed asset repair and upgrade accounting 31 3.4.1 Repaired Fixed assets 31 3.4.2 Accounting for regular repair and amortization 31 3.4.3 Fixed asset overhaul accountant is not upgraded in nature 33 3.4.4 Accounting for major repairs of fixed assets in upgrading 35 CHAPTER 4: CONCLUSION AND RECOMMENDATION 36 4.1 Conclusion 36 4.2 Advantages in Fixed asset accounting 36 4.3 Disadvantages in Fixed asset accounting 37 4.4 Recommendation 37 APPENDICES xiii Appendix 1: Tables and Figures xiii Appendix – PHIẾU ĐÁNH GIÁ KHÓA LUẬN TỐT NGHIỆP CỦA GVHD – Đề Tài: KẾ TOÁN QU ẢN TR Ị xxxii x Appendix – PHIẾU ĐÁNH GIÁ KHÓA LUẬN TỐT NGHIỆP CỦA GVPB – Đề Tài: KẾ TOÁN QU ẢN TR Ị xxxvi Appendix – PHIẾU ĐÁNH GIÁ KHÓA LUẬN TỐT NGHIỆP CỦA HỘI ĐỒNG – Đề Tài: KẾ TOÁN QUẢN TRỊ xxxix REFERENCES xliii xxix Figure7/3: Delivery record xxx Figure8/2: Application for liquidation of fixed assets xxxi Figure 9: Fixed assets Disposal Form xxxii Appendix – PHIẾU ĐÁNH GIÁ KHÓA LUẬN TỐT NGHIỆP CỦA GVHD – Đề Tài: K Ế TỐN QUẢN TRỊ Khơng đạt u cầu (