IMPROVING THE ACCOUNTING WORKFLOW IN MAI NGOC TRAINING AND CONSULTING CO , LTD

THAI NGUYEN UNIVERSITY INTERNATIONAL SCHOO IMPROVING THE ACCOUNTING WORKFLOW IN MAI NGOC TRAINING AND CONSULTING CO., LTD Major in Accounting and Finance By NGUYEN THU PHUONG THAI NGUYEN UNIVERSITY INTERNATIONAL SCHOO CHAPTER 1: INTRODUCTION CHAPTER 2: LITERATURE REVIEW CHAPTER 3: RESEARCH METHODOLOGY CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CHAPTER 5: CONCLUSION AND RECOMMENDATION CHAPTER 1: INTRODUCTION 1.1 Introduction This chapter, the researcher focuses on introducing an overview of the research topic, presenting research context based on theory and practical basis, research issues At the same time, present the research objectives and questions, the significance, scope and limitations of the study 1.2 Background of the study • Accounting organization is one of the important content in the management organization • The accounting organization is not simply the organization of a managerial part in an enterprise, but it is also the establishment of factors, conditions as well as relationships that directly or indirectly affect activities • Mai Ngoc Consulting and Training Co., Ltd is a private enterprise established in 2017 according to the business registration license number 4601328667 The company's product is a service so financial management is a relatively heavy responsibility However, it determines the company's destiny and long-term development CHAPTER 1: INTRODUCTION 1.3 Statement of the Problem Although Mai Ngoc Consulting and Training Co., Ltd is an enterprise operating in the field of accounting training, however, due to her young age, the reality shows that although the accounting organization at the 1.4 Research objectives and questions To accomplish this purpose, the research tasks set out are: Systematize and clarify the general theoretical basis of the accounting work in the enterprise in general Two research questions: What is the real situation of accounting work at Mai Ngoc Consulting and Training Co., Ltd? What are the limitations of the accounting organization at Mai Ngoc Consulting and Training Co., Ltd.? Which solution to help improve the accounting organization at Mai Ngoc Consulting and Training Co., Ltd? CHAPTER 1: INTRODUCTION 1.5 The Significance of the study The subject has contributed to systematizing the theoretical issues about the organization of the accounting work in the business in general and Mai Ngoc Consulting and Training Co., Ltd in particular 1.6 The Scope of the study • Organize the accounting voucher system • Organize the accounting account system • Organize the application of accounting book systems and forms of accounting • Organize accounting checks • Organize the accounting apparatus • Organize the preparation and analysis of accounting reports • Organize to preserve and archive Accounting vouchers CHAPTER 2: LITERATURE REVIEW The order of recording accounting books in the form of General diary Original vouchers Special diary General diary Ledger Balance Sheet of Occurrence Amounts Financial report Detailed accounting books and cards Detailed composite panel CHAPTER 2: LITERATURE REVIEW The order of recording accounting books in the form of Diary - Ledger Original vouchers Fund book Original vouchers summary sheet Diary – Ledger Accounting report Detail book Detailed composite panel     CHAPTER 2: LITERATURE REVIEW The order of recording in the form of Diary-Voucher accounting Bookkeeping vouchers and allocation tables List Voucher diary Ledger Financial report Detailed accounting cards and books Detailed composite panel       CHAPTER 3: RESEARCH METHODOLOGY  The survey questionnaire was built to collect the answers to the research question included:  How to organize the accounting work in the company?  How to organize Accounting vouchers in the company?  Is the account system open scientific?  Is the accounting book organization done well?  How is the reporting system of the departments? • Secondary data: for the thesis is explored, collected from the organization charter, reports, documents, related regimes on the organization of the accounting work In addition, the company also collects accounting books and reports of the company • Primary data:To collect primary data, the author takes a list of directors, department heads and finance - accounting staff from the HR department • Data analysis: After obtain data from the survey questionnaires, the author performed analysis by classifying the information by group, according to the influencing factor of the accounting working organization CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Director Professional advice Administration human resources Financialaccounting department Admissions office Organizational diagram of the company Trainning department CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Accounting books General book Detail book Accounting vouchers Accounting Software ACMAN Summary of accounting vouchers of the same type Computer Diagram of machine accounting form Financial accounting report Management accounting report CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Targets Average score Detailed revenue book list 3.1 Detailed cost book list 3.0 Detailed book accounts General book list list of 3.2 2.5 Survey results show that a detailed list of revenue books, a detailed list of expenses, a detailed list of accounts with an average score greater than points Thus, these criteria have been accepted and used effectively For the summary book list with the lowest average score of 2.5 and less than 3, according to the survey participants, this type of book has not been used effectively CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Targets Average score rated Weekly report 2.5 Monthly reports 3.2 Quarterly report 3.3 Yearly report 4.1 Thus, the survey results show that the annual report making time is best evaluated with an average score of 4.1 For the time of quarterly and monthly reports, the average scores are 3.3 and 3.2, respectively That means that the quarterly and monthly reporting time is accepted at a normal level by the survey participants CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Targets Average score rated Internal inspection level 2.5 External inspection level 1.5 The survey results show that the average internal inspection is 2.5, meaning that the internal inspection is not frequent, meaning that the company has not organized a separate accounting inspection department The accounting inspection is mainly done by the chief accountant and accountants Regarding the external inspection level, having a low rating of 1.5 means very infrequent CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Existence     Regarding to accounting apparatus organization Regarding to organization of the accounting voucher system Regarding to organization of the accounting account system Regarding to accounting book system  Regarding to financial reporting system  Regarding to organization of accounting inspection  Regarding to application of information technology in accounting work organizations Causes Due to the rapid changes in policies, information and decrees of the Government, the company as well as the accounting department of the company cannot grasp in time to apply it into practice Some of the accounting staff of the Finance - Accounting Department have been trained yet, their qualifications are not really uniform, sometimes working is subjective CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd Improving the organization of the accounting system First, the company needs to review and reassess the quality of the staff members in the company's apparatus in terms of professional qualifications and qualifications and professional qualities of each person It is necessary to consider how much or less the company's accounting work is in order to recruit or reduce accountants, to avoid the situation of employees being too idle or having to too many jobs leading to poor performance Regularly training and retraining to improve professional skills for financial and accounting officers 19 CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd QUÁN TRIỆT TRONG ĐỘI NGŨ QUẢN LÝ, GIÁO VIÊN, NHÂN VIÊN VỀ SỰ CẦN THIẾT PHẢI QUẢN LÝ CHẤT LƯỢNG CHĂM SÓC - GIÁO DỤC TRẺ Nâng cao nhận thức Hiệu trưởng vai trò trường MNTT việc thực chủ trương xã hội hóa giáo dục Nâng cao nhận thức cho Hiệu trưởng tầm quan trọng việc quản lý chất lượng chăm sóc CS-GD trẻ, đáp ứng nhu cầu mang đến hài lòng cho phụ huynh xây dựng tập thể giáo viên vững mạnh lực sư phạm, phẩm chất đạo đức mục tiêu hàng đầu công tác quản lý 20 CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd Improving the original voucher and record system organization Complete the preparation and reflect the arising economic operations in the voucher Complete the payment process, the system of accounting vouchers Complete the document classification and arrangement stage: Complete the document rotation: Complete document inspection: 21 CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd Usually, Level general account and Level 2, 3, account Improving the organization and application of accounting account system are used to keep track of detailed accounting objects in related general objects For example, for receivables and payables, the Company should classify and track receivables from customers, liabilities payable to suppliers over time the debt payments are short-term or long-term to have a plan debt collection or timely payment The classification of short-term or long-term bad debts helps the determination of the appropriation and accounting for doubtful debts of the Company to be more accurate 22 CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd The company must regularly update the changes in accounting books according to the current accounting regime Improving the organization of the accounting book system to provide the programmer to modify the accounting software to ensure that the correct specifications, contents and book templates are met The establishment of a management accounting system should be based on the purposes and requirements of the administrator and on the size of the company to establish a suitable management accounting system 23 CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd Improving the organization of making and analyzing accounting reports Complete the preparation of financial statements Financial statement analysis is the art of translating data, including: analyzing and interpreting financial statements into useful information, as a basis for making financial decisions Complete the analysis of accounting reports 24 CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd Improving the accounting inspection organization the company needs to set up a separate internal inspection team In which, there must be at least one person who is proficient in accounting profession The accounting inspection is not only on books and reports, but also goes into depth in both the working process, the accounting process of economic operations, and the legitimacy of the arising economic transactions 25 CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co., Ltd Improving the organization and application of information technology in accounting work The company using ACMAN accounting software is relatively complex, requiring accountants to have certain expertise in informatics, especially software applications to serve accounting work The accounting software at the units periodically must be upgraded and supplemented with inappropriate elements to perfect the accounting software 26 CHAPTER 5: CONCLUSION AND RECOMMENDATION The first is to analyze and clarify a number of theoretical issues about the accounting organization, helping the Company to realize the important role of the accounting organization From the current status of the accounting organization, the advantages and disadvantages have been assessed objectively and from then on, proposing the contents to perfect the accounting organization in order to provide fully timely In the limited framework of the thesis, the content of the thesis has basically met the objectives and requirements set out The application of accounting work at Mai Ngoc Consulting and Training Co., Ltd also depends on the actual conditions of the Company as well as the views of the company's leaders Despite many efforts, but due to limited time and qualifications, the thesis is difficult to avoid its shortcomings THAI NGUYEN UNIVERSITY INTERNATIONAL SCHOO IMPROVING THE ACCOUNTING WORKFLOW IN MAI NGOC TRAINING AND CONSULTING CO., LTD THANK YOU ... ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO. , LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co. , Ltd Improving the original voucher and record... ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO. , LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and Training Co. , Ltd Improving the organization of making and analyzing... improve accounting work at Mai Ngoc Consulting and Training Co. , Ltd The company must regularly update the changes in accounting books according to the current accounting regime Improving the organization