Internship report at Project reportfinal

THUONG MAI UNIVERSITY MAJOR: ENTERPRISE ACCOUNTING - - GROUP PROJECT REPORT ACCOUNTING FOR SALES TRASACTIONS AT I1 VIETNAM DEVELOPMENT AND TECHNOLOGY JOINT STOCK COMPANY Name of students Class Student code Mai Ngoc Huong K55DD2 19D155091 Le Anh Quan K55DD2 19D155120 Instructor: Ms Pham Thi Mai Anh Hanoi, 02/2023 CONTENTS LIST OF TABLES FOREWORD .1 CHAPTER OVERVIEW OF I1 VIETNAM DEVELOPMENT AND TECHNOLOGY JOINT STOCK COMPANY .3 1.1 The process of formation and development of I1 Vietnam Technology and Development Joint Stock Company 1.1.1 General overview of the company 1.1.2 Company formation and development 1.1.3 Functions and tasks of the Company 1.2 Characteristics of production and business at I1 Vietnam Development and Technology Joint Stock Company .5 1.3 Characteristics of business operations and management at I1 Vietnam Technology and Development Joint Stock Company 1.3.1 Business strategy 1.3.2 Organization of the management apparatus of I1 Vietnam Technology and Development Joint Stock Company .7 1.4 Overview of business operational results over the recent years 1.5 Fundamental characteristics of Accounting and business (financial) analysis 11 1.5.1 The structure of the accounting system at I1 Vietnam Technology and Development Joint Stock Company .11 1.5.2 Accounting regime, accounting policies applied at I1 Vietnam Technology and Development Joint Stock Company 13 1.5.3 Business analysis 15 CHAPTER ACCOUNTING FOR SALES TRANSACTION AT I1 VIETNAM DEVELOPMENT AND TECHNOLOGY JOINT STOCK COMPANY 17 2.1 Overview of sales transaction .18 2.2 Accounting for sales 20 2.2.1 Definition 20 2.2.2 Accounting documents 20 2.2.3 Ledger accounts 22 2.2.4 Books of accounting 23 CHAPTER ASSESSMENT THE INTERNSHIP PROJECT 26 3.1 Comments and evaluations on sales and accounting practices at I1 Vietnam Technology and Development Joint Stock Company 27 3.1.1 Advantages 27 3.1.2 Limitations 29 3.2 Overview of business analysis of I1 Vietnam Technology and Development Joint Stock Company .30 3.2.1 Advantages 30 3.2.2 Limitations 30 3.3 Solution 31 CHAPTER THESIS TOPIC PROPOSAL 31 CONCLUSION 33 REFERENCES 33 APPENDIX 35 LIST OF TABLES Content Figure map Management apparatus of I1 Vietnam Technology and Development Joint Stock Company Figure map Accounting system of I1 Vietnam Technology and Development Joint Stock Company Diagram Accounting software Misa Diagram Booking order FOREWORD In the current globalization trend, especially when Vietnam has joined the World Trade Organization (WTO), the competition between the domestic economy and the world economies is considered inevitable This poses an urgent problem for businesses to solve, which is "How to survive and stand firm and achieve good success in the market" That is why each business invests and focuses on building effective development and operation plans, including the significant contribution of the accounting department Currently, accounting is considered as a business language, a means of communication between businesses and related objects Accountants timely record arising transactions, thereby providing information to build a tight and authentic operation plan Accounting will give managers analysis, helping managers have an overview of the company to make economic decisions Stemming from the desire to learn more deeply about accounting work, accounting process, along with the internship at I1 VIETNAM TECHNOLOGY AND DEVELOPMENT JOINT STOCK COMPANY, our group has choosen this company for our GROUP PROJECT REPORT On the basis of accounting theories in enterprises, the report focuses on studying the current situation of accounting for sale transactions at I1 Vietnam Technology and Development Joint Stock Company From there, our group will give comments on the advantages and disadvantages of accounting system at the company and then give suggestions to improve accounting at I1 Vietnam Technology and Development Joint Stock Company Through the internship at the company, I have researched and learned about the company, the organization and management activities as well as the organization of the business operation apparatus, the accounting principles of the company Applying the knowledge learned at the chief along with the provincial guidance of Ms Pham Thi Mai Anh and the accounting department staff of the company, I have completed a general internship report with four parts as follows: Chapter Overview of I1 Vietnam Technology and Development Joint Stock Company Chapter Accounting for sales transactions at I1 Vietnam Technology and Development Joint Stock Company Chapter Assessment the internship project Chapter Thesis topic proposal CHAPTER OVERVIEW OF I1 VIETNAM DEVELOPMENT AND TECHNOLOGY JOINT STOCK COMPANY 1.1 The process of formation and development of I1 Vietnam Technology and Development Joint Stock Company 1.1.1 General overview of the company Name: VIET NAM I1 TECHNOLOGY AND DEVELOPMENT JOINT STOCK COMPANY Abbreviations: I1., JSC Legal type: Joint stock company Address: No 8, Alley 63, Lane 191 Lac Long Quan, Nghia Do Ward, Cau Giay District, Hanoi City Founding date: 24/04/2012 Registered: 6.000.000.000 VNĐ Business code: 0105866445 Phone number: 0934480555 Representative: Pham Thi Hien Business sector: Memory, software, computer components; information technology services and other computer-related services 1.1.2 Company formation and development I1 Vietnam Technology and Development Joint Stock Company was established on April 24, 2012 based on the capital of Ms Pham Thi Hien, who is currently the director of the company Although it has only been in operation for more than 10 years, I1 Vietnam Technology and Development Joint Stock Company always strives to satisfy customers by providing products and services quickly and efficiently condition, ensure the delivery time as well as the product quality at the best level I1 Vietnam Technology and Development Joint Stock Company has been building "complete trust" with customers I1 Vietnam Technology and Development Joint Stock Company is always interested in expanding business activities, improving the quality of customer service, taking credit as the first The company has constantly strived and affirmed its leading position and capacity in the main business of wholesale, retail and supply of software products and computer components; information technology and computer services In addition , the management staff and employees are constantly learning and improving their professional and technical skills to bring the best services to customers 1.1.3 Functions and tasks of the Company • Functions of the Company - Provide the best products and services to customers within the company's ability to satisfy - Building a professional working environment, developing a team of enthusiastic, dynamic and responsible employees - Building and developing the company according to the goal of sustainable development - Create relationships with customers through direct business, create relationships with reputable partners to increase business efficiency of the Company • Tasks of the Company - To organize the implementation of business plans in accordance with current regulations, to conduct business in accordance with the registered lines of business, for the purposes of enterprise establishment, and to perform the tasks assigned by government - Continuously improve the efficiency of the company's capital use Ensure proper implementation of regimes and regulations on management of capital, assets, accounting, and other regimes prescribed by government Pay taxes and other amounts payable to the state budget according to regulations of the Law - Improve business efficiency to meet customer needs, comply with state policies and laws related to the company's business activities, comply with the provisions of business contracts with customers Take responsibility before the state for the results of their business activities Take responsibility before customers, before the law for products, goods and services performed by the company - Comply with regulations on environmental protection, production protection, security assurance, safety and social order - Perform obligations towards employees in accordance with the provisions of the Labor Code 1.2 Characteristics of production and business at I1 Vietnam Development and Technology Joint Stock Company The company's main business activities: Cod e Sector 1811 Printing 4610 Agents, brokers, auction Details: Agent for buying, selling and consigning goods; Bidding agency services; 4651 Wholesale of computers, peripherals and software 4652 Wholesale of electronic and telecommunications equipment and components 4773 Other retail sale of new goods in specialized stores Details: Retail sale of flowers and ornamental plants in specialized stores; 4791 Retail on request, mail order or internet 5820 Software Publishing (except publications) 6209 Information technology service activities and other services related to computers - Investigation, survey, market research on information technology - Consulting, analysis, planning, classification, design in the field of information technology - System integration, test run, application management service, update, security - Design, archive and maintain website information - Warranty, maintenance, network and information security - Update, search, store, process data and exploit databases - Distributing information technology products - Information technology training - Authentication of electronic signatures Supervision consultancy - Project management consulting - Bidding documents consulting - Surveying, design and costing consultancy - Project formulation consultancy 6311 Data processing, leasing and related activities 6312 Portal Cod e Sector (except for press activities) 6619 Financial services support activities n.e.c Details: Investment consulting activities (excluding legal, financial, accounting, auditing, tax and securities consulting); 7110 Architectural activities and related technical consulting Details: - Project management consulting services; - Investment project evaluation consulting service; 7310 Advertisement 7320 Marketing research and opinion polls (except for information prohibited by Government and investigative services); 1.3 Characteristics of business operations and management at I1 Vietnam Technology and Development Joint Stock Company 1.3.1 Business strategy The company in the development process must always ensure the completion of the following tasks: - Managing and using capital in accordance with the current regime, the company has the right to mobilize and distribute capital from many different sources - Doing business in the right line of business registered under the business license - Implementation of commitments to commercial contracts - Develop and organize the implementation of the business plan set out and signed with customers - Capturing the needs of the market to come up with effective business measures, fully meeting the needs of the market in order to maximize profits - Implement a reasonable and lawful distribution of labor in accordance with state regulations