TABLE OF CONTENT INTRODUCTION 1 CHAPTER 1: GENERAL THEORIES OF ACCOUNTING FOR SERVICE PROVISION AND BUSINESS RESULTS 4 1.1. Overview of accounting for service provision and business results 4 1.1.1. Definition and characteristics of accounting for service provision and business results 4 1.1.2. Service business characteristics affect revenue and business results accounting 5 1.1.3. Tasks of accounting for service provision and business results 7 1.2. Accounting for expenses in the service provision enterprises 7 1.2.1. Cost of sales accounting 8 1.2.2. Accounting for selling expenses and general administration expenses 9 1.2.3. Accounting for financial expenses 12 1.2.4. Accounting for other expenses 14 1.2.5. Accounting for corporate income tax expense 15 1.3. Accounting for revenue in the service provision enterprises 18 1.3.1. Accounting for revenue from service rendered 18 1.3.2. Accounting for revenue deductions 21 1.3.3. Accounting for financial income 23 1.4. Application form of accounting books 31 1.4.1. General journal form 31 1.4.2. Journal Ledger form 33 1.4.3. Form of book entry voucher 33 1.4.4. Form of computerized accounting. 34 CONCLUSION CHAPTER 1 35 CHAPTER 2: ACTUAL SITUATIONS REGARDING ACCOUNTING FOR SERVICE PROVISION AND BUSINESS RESULTS AT VNPTI 36 2.1. Overview of VNPTI 36 2.1.2. History of the establishment and development of the VNPTI 36 2.1.3. System of organization, functions and duties of the company 38 2.1.4. Features of telecommunication service business mode at VNPTI 40 2.1.5. Services used in the companys business operations 41 2.1.6. Structure of accounting apparatus and applicable accounting policies 42 2.2. Actual situation of accounting for expenses regarding service provision at VNPTI 49 2.2.1. Accounting for cost of sale. 49 2.2.2. Accounting for selling expenses and general administration expenses. 63 2.2.3. Accounting for financial expenses. 85 2.2.4. Accounting for other expenses. 96 2.2.5. Accounting for corporate income tax expense 96 2.3. Actual situation of accounting for revenue regarding service provision at VNPTI company 96 2.3.1. Accounting for revenue from service rendered. 96 2.3.2. Accounting for sales deductions. 111 2.3.3. Accounting for financial income. 111 2.3.4. Accounting for other income. 119 2.3.5. Accounting for evaluating business results 119 CONCLUSION CHAPTER 2 127 CHAPTER 3: SOLUTIONS OF PERFECTING ACCOUNTING FOR SERVICE PROVISION AND BUSINESS RESULTS AT THE COMPANY OF VNPTI 128 3.1. General assessment on accounting for services provision and business results at VNPTI 128 3.1.1. Strengths of accounting work for service provision and business results evaluation at the company 129 3.1.2. Weaknesses of accounting work for service provision and business results evaluation at the company 132 3.2.1. The need to perfect accounting for service provision and business results at VNPTI 133 3.2.2. Solution for perfecting accounting for service provision and business results at VNPTI 134 CONCLUSION 137 REFERENCE LIST 139
Mentor: PhD Tran Thi Ngoc Han MINISTRY OF FINANCE ACADEMY OF FINANCE Student: NGUYỄN THỊ HOA Group: CQ54/51.02 GRADUATION THESIS Topic: ACCOUNTING FOR PAYROLL AND PAYROLL DEDUCTIONS AT THIEN UNG SERVICES TRAINING COMPANY LIMITED Major : English for Finance and Accounting Student code : 165D2202010048 Supervisor : MSC Cao Phuong Thao Ha Noi - 2020 Student: Khuat Khang i Class: CQ54/21CL.01 TABLE OF CONTENT INTRODUCTION CHAPTER 1: GENERAL THEORIES OF ACCOUNTING FOR SERVICE PROVISION AND BUSINESS RESULTS 1.1 Overview of accounting for service provision and business results 1.1.1 Definition and characteristics of accounting for service provision and business results 1.1.2 Service business characteristics affect revenue and business results accounting .5 1.1.3 Tasks of accounting for service provision and business results 1.2 Accounting for expenses in the service provision enterprises 1.2.1 Cost of sales accounting 1.2.2 Accounting for selling expenses and general administration expenses .9 1.2.3 Accounting for financial expenses 12 1.2.4 Accounting for other expenses 14 1.2.5 Accounting for corporate income tax expense 15 1.3 Accounting for revenue in the service provision enterprises 18 1.3.1 Accounting for revenue from service rendered 18 1.3.2 Accounting for revenue deductions .21 1.3.3 Accounting for financial income 23 1.4 Application form of accounting books 31 1.4.1 General journal form 31 1.4.2 Journal - Ledger form 33 1.4.3 Form of book entry voucher 33 1.4.4 Form of computerized accounting .34 CONCLUSION CHAPTER .35 CHAPTER 2: ACTUAL SITUATIONS REGARDING ACCOUNTING FOR SERVICE PROVISION AND BUSINESS RESULTS AT VNPT-I 36 2.1 Overview of VNPT-I 36 2.1.2 History of the establishment and development of the VNPT-I 36 2.1.3 System of organization, functions and duties of the company 38 2.1.4 Features of telecommunication service business mode at VNPT-I .40 2.1.5 Services used in the company's business operations 41 2.1.6 Structure of accounting apparatus and applicable accounting policies.42 2.2 Actual situation of accounting for expenses regarding service provision at VNPT-I 49 2.2.1 Accounting for cost of sale 49 2.2.2 Accounting for selling expenses and general administration expenses .63 2.2.3 Accounting for financial expenses 85 2.2.4 Accounting for other expenses 96 2.2.5 Accounting for corporate income tax expense 96 2.3 Actual situation of accounting for revenue regarding service provision at VNPT-I company 96 2.3.1 Accounting for revenue from service rendered 96 2.3.2 Accounting for sales deductions .111 2.3.3 Accounting for financial income .111 2.3.4 Accounting for other income .119 2.3.5 Accounting for evaluating business results .119 CONCLUSION CHAPTER .127 CHAPTER 3: SOLUTIONS OF PERFECTING ACCOUNTING FOR SERVICE PROVISION AND BUSINESS RESULTS AT THE COMPANY OF VNPT-I 128 3.1 General assessment on accounting for services provision and business results at VNPT-I 128 3.1.1 Strengths of accounting work for service provision and business results evaluation at the company 129 3.1.2 Weaknesses of accounting work for service provision and business results evaluation at the company .132 3.2.1 The need to perfect accounting for service provision and business results at VNPT-I 133 3.2.2 Solution for perfecting accounting for service provision and business results at VNPT-I 134 CONCLUSION 137 REFERENCE LIST .139 Graduation Thesis Mentor: PhD Tran Thi Ngoc Han INTRODUCTION Rationale of the study Economic units in the market mechanism are always competing to be able to survive and stand strong in the market Especially, in the context of the economy which still has many difficulties and challenges in this day and age, enterprises which want to survive and develop need to have a new perspective, flexible production and business methods, appropriate and timely management methods as well as proper measures of using human resources in order to improve business performance To this, businesses need to determine the right directions of investment, production scale, needs and their abilities to make the right decisions Therefore, the organization and management of accounting records to serve the needs to capture, collect and process information to assess business performance is an indispensable requirement, helping economic units see scales, ways of doing business and abilities of business development to make decisions in the future Facing that situation, VNPT-I understands that besides finding out measures to improve production and business efficiency, the management and organization of accounting is also an essential requirement Information on business results and service provision, which plays an important role in accounting information, is immensely concerned by businesses and investors As a result, perfecting sales, service provision and business results accounting will contribute to escalating competitiveness, improving the quality of corporate decisions and increasing the transparency of financial information To be aware of the importance of the accounting for business results and service provision and be inspired of the necessity of effectively Student: Khuat Khang Class: CQ54/21CL.01 organizing managing accounting numbers related to business results during training time at VNPT-I, as well as based on knowledge and practical experiences I got during the internship, I am going to choose the topic: “Accounting for service provision and business results at VNPT-I” as my graduate thesis title Aim of the study Research subjects: Accounting for service provision and business results Research purposes: Delve into accounting for service provision and business results, make an overview of the achievements and shortcomings in accounting for service provision and business results in order to make suggestions to improve the accounting process at VNPT-I The scope of the study The research focuses on the theoretical and practical problems in terms of accounting for service provision and business results at VNPT-I Methods of study The thesis uses dialectical materialism, historical materialism combined with the methods of analysis, statistics, synthesis, comparison between theory and reality at VNPT-I From there, propose solutions to improve accounting for service provision and business results at the company Organization of the study Besides the Contents, Introduction, Conclusion and References, the thesis consists of chapters. Chapter 1: General theory of accounting for service provision and business results Chapter 2: Actual situations regarding accounting for service provision and business results at VNPT-I Chapter 3: Solutions of perfecting accounting for service provision and business results at VNPT-I Applying the theory learned and researched at the Academy of Finance, combined with the reality of organizing the accounting and sales work and determining the business results received at VNPT-I, together with the enthusiastic guidance of PhD Tran Thi Ngoc Han and the Accounting Department at the Company, I has completed my graduation thesis Due to the limited time of practice and limited ability, my thesis could not avoid mistakes I look forward to the evaluation, comments and direct advice of PhD Tran Thi Ngoc Han, other teachers and the accounting department to improve my thesis Thank you sincerely! CHAPTER 1: GENERAL THEORIES OF ACCOUNTING FOR SERVICE PROVISION AND BUSINESS RESULTS 1.1 Overview of accounting for service provision and business results 1.1.1 Definition and characteristics of accounting for service provision and business results Services is an economic industry with many unique characteristics, without a specific concept, but we can understand it as: “Services are activities and results that one party (seller) may provide to the others (buyer) and are mostly intangible and non-proprietary” In broad definition: Services are concepts of the whole activity and their results not exist in the form of objects Service activities cover all fields with high levels, greatly controlling the socio-economic development and environment of each country, region in particular and the whole world in general Here, the service does not only consist of the media such as transportation, tourism, banking, commerce, insurance, and telecommunications but also spreading to new areas; for example; cultural, administrative, environmental protection and consulting services In narrow definition: Service is about doing a job for another person or a community, a job that effectively meets a person's needs such as the transportation, repairing and maintenance of equipment or machinery Business results are the final results of the business operations of an enterprise in a certain accounting period In other words, the business results are expressed in cash, the difference between the total revenue and the total cost of economic activities carried out If income is greater than cost, then business results are profitable If income is smaller than cost, business results are financial loss Depending on the characteristics of business results and the management requirements of an enterprise, the evaluation of business results shall be made at the end of the business period such as the end of the month, the end of the quarter and the end of the year Business results of an enterprise include normal business results and other activities Normal business results are the result of activities that generate revenue of the business, namely from sales, service provision and financial activities 1.1.2 Service business characteristics affect revenue and business results accounting The specific characteristics of the service business have a strong influence on the accounting for the expenses, revenues and service business results, namely: Pure service delivery results often not take a specific physical form but can be interpreted by benefiting customers through satisfying their needs such as information, transportation, demand for knowledge, etc This characteristic leads to the fact that the process of production, consumption and service business management is often difficult to separate Service business activities have a variety of implementation methods For instance, telecommunications can carry out mobile telecommunications, leasing internal international telecommunication channels Another example is transportation which also has many methods such as sea, road, air, rail transport It is the diversity of service delivery methods that leads to the diversity of management subjects as well as the complexity in the organization of accounting work in general, especially accounting for cost, revenue and business results ... of accounting work for service provision and business results evaluation at the company 129 3.1.2 Weaknesses of accounting work for service provision and business results evaluation at. .. Structure of accounting apparatus and applicable accounting policies.42 2.2 Actual situation of accounting for expenses regarding service provision at VNPT-I 49 2.2.1 Accounting for cost... 96 2.3.2 Accounting for sales deductions .111 2.3.3 Accounting for financial income .111 2.3.4 Accounting for other income .119 2.3.5 Accounting for evaluating business