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TOPIC ACCOUNTING FOR SALEAND INCOME SUMMARY AT BLOCKHIVE VIETNAM JOINT STOCK COMPANY

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Tiêu đề Accounting For Sales And Income Summary At Blockhive Vietnam Joint Stock Company
Tác giả Pham Thi Tuong Vi
Người hướng dẫn MBA Vo Thi Thuy Linh
Trường học Duy Tan University
Chuyên ngành Accounting
Thể loại Undergraduate Thesis
Năm xuất bản 2022
Thành phố Da Nang
Định dạng
Số trang 78
Dung lượng 12,11 MB

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DUY TAN UNIVERSITY INTERNATIONAL SCHOOL UNDERGRADUATE THESIS TOPIC ACCOUNTING FOR SALEAND INCOME SUMMARY AT BLOCKHIVE VIETNAM JOINT STOCK COMPANY STUDENT PHAM THI TUONG VI MENTOR MBA VO THI THUY LINH.

DUY TAN UNIVERSITY INTERNATIONAL SCHOOL UNDERGRADUATE THESIS TOPIC: ACCOUNTING FOR SALEAND INCOME SUMMARY AT BLOCKHIVE VIETNAM JOINT STOCK COMPANY STUDENT : PHAM THI TUONG VI MENTOR : MBA VO THI THUY LINH CLASS : K24 PSU KKT ID NUMBER : 24201208492 Da Nang -2022 DUY TAN UNIVERSITY INTERNATIONAL SCHOOL UNDERGRADUATE THESIS TOPIC: ACCOUNTING FOR SALES AND INCOME SUMMARY AT BLOCKHIVE VIETNAM JOINT STOCK COMPANY STUDENT : PHAM THI TUONG VI MENTOR : MBA VO THI THUY LINH CLASS : K24 PSU KKT ID NUMBER : 24201208492 Da Nang -2022 ABSTRACT Through this thesis, I hope to approach and analyze the basic issues related to accounting for sales and determining business incomes at BLOCKHIVE Viet Nam Joint Stock Company The studies issues are norms in the Income Statement reflecting generally the situation and determining business income in a certain period of the company To go deeper into understanding the issues related to the accounting for sales and determining business incomes at the company, I have used the research method: - Research methods document: research documents collected in the course of practice in the company and other documents as the basis for research - Methods of observation, interview: observing the everyday tasks of The Accountant, interviewing The Accountant about the issues related to the work of accounting for sales and determining business incomes One of the major results of the research is that the awareness of the role of accounting for sales and its potential contribution to predicting economic trends and integration into the international market This helps me have a more overview of the work of accounting for sales and determining business incomes DISCLAIMER I certify that the attached thesis is my original work No other person’s work has been used without due acknowledgement Except where I have l clearly stated that I have used some of the this material , it has not been presented by me for examination in any other course or subject at this or any other institution I understand that the work submitted may be reproduced and/or communicated for the purpose of detecting plagiarism I understand that should this declaration be false, I am libel to be penalized under the Duy Tan University regulations Signature: _Date: ACKNOWLEDGEMENT First of all, I would like to express my sincerest thanks to all lecturers of Duy Tan University, especially lecturers of Faculty of Accounting and Auditing and Faculty of International Studies for teaching and imparting knowledge precious during the years of studying and training at the school I would like to sincerely thank MBA.Vo Thi Thuy Linh for enthusiastically guiding me in this graduate thesis Without her guidance, I would not have been able to complete it I would also like to thank the staff of BLOCKHIVE Viet Nam ,JSC for actively helping and creating favorable conditions for me in the process of writing this thesis However, due to limited time and knowledge, this thesis cannot avoid shortcomings I look forward to receiving comments from teachers and employees in the company to improve thethesis I sincerely thank you! Student Pham Thi Tuong Vi LIST OF ABBREVIATIONS VAT : Value added tax COGS : Cost of goods sold No : Number LIST OF EXHIBIT Exhibit 1 Sales Subsidiary Ledge of Account No 511 Exhibit Subsidiary Ledged of Account No 632 10 Exhibit Subsidiary Ledger of Account 515 15 LIST OF DIAGRAM Diagram 1 Accounting for sales revenue and revenue deductions .9 Diagram Accounting for the cost of goods sold .12 Diagram Accounting for operating expenses 14 Diagram Accounting for financial income 17 Diagram Accounting for Financial Expenses 19 Diagram Accounting for other expenses 21 Diagram Accounting for other income 23 Diagram Accounting for determining income summary 24 Diagram Accounting for income tax expenses 26 Y Diagram 1– Organizational management apparatus 28 Diagram 2– Organization chart of the accounting apparatus 29 Diagram The accounting software process 31 LIST OF IMAGES Image VAT Invoice No:BLH-2021/02 32 Image 2 Accounting bill No:000002 33 Image Input screen of account No.511 .34 Image Subsidiary Detail of Account No 511 34 Image Subsidiary ledger of Account No.511 35 Image 6- Ledger of account No 511 36 Image Subsidiary ledger of Account No.154 37 Image Subsidiary Ledge of Account No 632 38 Image General Journal 632 .39 Image 10 Ledge of Account No 632 39 Image 11 service fee coupon of VND 40 Image 12 Input screen account No 642 .41 Image 13 Subsidiary Ledger of Account No 642 41 Image 14 General Journal 42 Image 15 Ledger of Account 642 43 Image 16 Payroll Sheet .44 Image 17 Prepaid expense allocation table 45 Image 18 General Journal 46 Image 19 General ledger of Account No.6422 47 Image 20 Bank credit note 48 Image 21 Input screen No 515 48 Image 22 Subsidiary Ledger of Account No 515 49 Image 23 General Journal No.515 .49 Image 24 Ledger of Account No 515 50 Image 25 Subsidiary Ledger of Account No 635 51 Image 26 General Journal 52 Image 27 Ledger of Account No 635 52 10 Image 29 Input screen account No 811 Based on the invoice, the accountant will input data into the Tri Viet Financial accounting software and then print out the details of account 811 as follows: Image 30 Subsidiary Ledger of Account No 811 2.2.8.3 General accounting a Books: General accountants at the company use account Ledger No 811 b Accountingmethod Based on the invoice, the accountant enters data into the accounting software and then prints the Ledger as follows: Image 31 General Journal Based in vouchers , then prints the Ledger as follows: Image 32 Ledger of Account No 811 After the accounting software automatically updates Ledger 811,Details Book 811 and General Journal.At the end of accounting quarter,an entry will be made to transfer business other expenses to account 911 to determine business results 2.2.9Accounting for income summary 2.2.9.1 Vouchers 2.2.9.2 Detailed accounting a Detailed book Account details book 911 b Accountingmethod The details of account 911 as follows: Image 33 Subsidiary Ledger of Account No 911 2.2.9.3 General accounting a Books Account Ledge book 911 b Accounting Method The Ledge of account 911 as follows: Image 34 Ledger of account No 911 2.2.10Accounting for income tax expenses and transfer Net income or net loss after income tax Companies established in 2019, the first years are exempt from tax Pay 50% tax for the next years CHAPTER : SOME SUGGESTIONS OF FOR SALES AND INCOME SUMMARY AT BLOCKHIVE VIET NAM JOINT STOCK COMPANY 3.1SOME GENERAL COMMENTS ON ACCOUNTING FOR SALES AND INCOME SUMMARY INCOME AT BLOCKHIVE VIETNAM JOINT STOCK COMPANY After a period of internship at Blockhive Viet Nam joint stock have the opportunity to directly contact with accounting documents and also be enthusiastically instructed by you on the single accounting work I have learned a few things as follows: 3.1.1Advantage: During my internship at the company, I realized that the company's accounting work has the following advantages: General comment • The Board of Directors of the company are people with high professional qualifications and experience in managing and operating the company • Professional, skilled and dedicated staff and technicians at work • Working among flexible divisions, with mutual support in the business process of the company • Enterprises use "Tri Viet Accounting Software" This software has the advantage of reducing the workload of accountants in the accounting period, easily correcting and adjusting when errors are detected Accounting apparatus • The company uses a centralized accounting model, each accountant is in charge of different departments to avoid overlapping and regular comparison Each other creates a premise for the accounting work to synthesize on accurate reports The financial accounting apparatus organization has well performed the function of advising the Director on the management of the company's goods, assets and money The accounting apparatus is really a reliable source of information about the financial situation of the company during the time since its inception • The company's accounting system is quite strict Always strictly abide by the decisions of the leaders of the Company, in accordance with the laws of the State The assignment in the accounting team is quite clear, creating high efficiency in the working process Accounting books • The form of accounting books of the company uses the form of "Recording Vouchers" This form is very suitable for the company, helping the process of rotating, comparing and checking documents in detail, clarity, and accuracy to meet the information requirements of leaders Account system • The Company is always updated with the latest information on the current accounting regime and complies with accounting principles as prescribed by the Ministry of Finance Currently, the Company is using the latest account system of the Ministry of Finance and is allowed to open more detailed accounts related to revenue and income general accounting, creating conditions for accurate recording and spending detail each item Documentation system • Blockhive viet nam joint company applies the accounting system in accordance with Circular No.133/2016/TT-BTC dated 01/01/2017 of the Ministry of Finance and legal documents guiding the preparation and rotation of documents from The company's document system is relatively complete and consistent with the company's production and business characteristics and State regulations Accounting Software • The company uses accounting software to help minimize accounting workload, provide timely, accurate information and respond to the decisions of the management board, improve the efficiency of the company's accounting Accountants just need to enter the original documents into the machine, the data will be updated in the relevant books quickly and accurately The company's accounting system is simple and compact, convenient for checking and comparing when there are errors For many years, companies have applied accounting information to management to make decisions for each period 3.1.2 Disadvantages Besides the above advantages, still has limitations that the company needs to overcome to improve the accounting work of the business: - Although there are assignments for each accountant but no change of work for each member to enhance the experience and ability to coordinate support each other in the work - Recruitment and training of accounting personnel with expertise and professional ethics as well as the spiritual life of the employee has not been focused more - The financial accounting department is too narrow with too many records occupying the whole room, making it difficult to obstruct circulation, the room air becomes stuffy with too many records around - The accounting office system is not fully equipped with facilities, which hinders the working process of accountants -The company does not have a discount to encourage customers to pay money earlier than the due date, and is not passive in raising capital of the company 3.2SOME SUGGESTIONS FOR IMPROVEMENT OF ACCOUNTING FOR SALES AND INCOME SUMMARY INCOME AT BLOCKHIVE VIET NAM JOINT COMPANY After practicing and exploring the actual situation of accounting work and determination of business income at Blockhive Viet Nam joint stock Company Based on the above comments, I would like to propose some solutions to improve the accounting work and determine the business income in the company as follows: - To maximize the capacity as well as the dedication and constructive ability of the employees, the company needs to have positive related policies - The company should have a payment discount to encourage customers to pay before the contract period CONCLUSION In the current mechanism, accounting issues play an important role in determining the existence and development of enterprises Good organization of sales accounting and determination of sales results is an important tool for managers to research, apply and perfect this issue and is necessary for the company In this chapter 2, I have presented relevant documents and presented the current status of accounting work of BLOCKHIVE Vietnam Joint Stock Company Student Pham Thi Tuong Vi, after studying and researching, learning about reality at BLOCKHIVE Viet Nam Joint Stock Company, with the help of the brothers and sisters in the accounting department, and the dedicated guidance of teacher Vo Thi Thuy Linh has helped me successfully complete this major Due to limited practice time as well as practical experience, it is difficult for me to avoid mistakes I look forward to receiving comments from teachers and friends in the company to improve my thesis Once again, I would like to thank teacher Vo Thi Thuy Linh for guiding me during my internship and completing this training course I would like to express my sincere thanks to the staff in the accounting department of BLOCKHIVE Viet Nam Joint Stock Company for helping me to complete this exercise well BIBLIOGRAPHY Dinh, D X Quantri.vn Edited andsystematized Accounting CPE courses & books Assoc Prof Dr Nguyen, C V (2014) Corporate accounting Hanoi: Publishing House of National EconomicsUniversity Circular 133/2016 / TT-BTC VOER( Viet Nam open educational resources ) MENTOR’SCONFIRMATION ……………………., May…… 2022 MENTOR ... determining business income at BLOCKHIVE Viet Nam Joint Stock Company Chapter 3: some suggestions for accounting for sales and determining business income at Blockhive viet nam joint stock company CHAPTER... year b Accountingmethod Diagram 9Accounting for income tax expenses CHAPTER : METHODOLOGY OF ACCOUNTING FOR SALES AND INCOME SUMMARY AT BLOCKHIVE VIET NAM JOINT STOCK COMPANY 2.1INTRODUCTIONOFBLOCKHIVE...DUY TAN UNIVERSITY INTERNATIONAL SCHOOL UNDERGRADUATE THESIS TOPIC: ACCOUNTING FOR SALES AND INCOME SUMMARY AT BLOCKHIVE VIETNAM JOINT STOCK COMPANY STUDENT : PHAM THI TUONG VI MENTOR

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