Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company

Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company current salary deductions

I assure you that this is my research The data, the result and the research results stated in the thesis are honest and come from the real situation fact of the internship unit and has never been used in any thesis Student Lê Chung Khánh Linh ACADEMY OF FINANCE BUSINESS ACCOUNTING 🙣🕮🙡 INTERNSHIP REPORT  MENTOR INFORMATION Full name: Nguyễn Thị Hồng Vân Department: Accounting Department  STUDENT INFORMATION Full name: Lê Chung Khánh Linh Class: CQ54/21.04 Phone number/email address: 0386476600 lechungkhanhlinhtoeic@gmail.com LIST OF ABBREVIATIONS STT Explanation Acronym FS Financial statements BS Balance sheet or statement of financial position P&L Profit and loss statement UI Unemployment insurance SI Social insurance HI Health Insurance BD Business Department OD Office Department FM The finance ministry PAT Profit after tax PBT Profit before tax 10 Acc Account Note TABLE OF CONTENTS INTRODUCTION Urgency of the subject In our country the appearance of a market economy has created opportunities for many companies However, it also forces companies to want to develop stably in the market In order to manage production and business, it is necessary to make maximum efforts In this new trend, companies must mobilize on their own, must operate on their own production and business on the principle of revenue and expenditure and profitable business but not subsidies of the State as before From there, the top target of the company is increasing profits within the prescribed legal framework In the production process, three factors can not be shortage is living labor, private production materials and labor subjects In three factor, living labour plays the most important role Because without workers it is impossible make material wealth, want a product whether it's a physical product or a production intellectual property is in addition to the cost of materials, the cost of fixed assets The company must also take into account labor costs (living costs) Expenses this fee is not small in the price of the product, it is also directly determined quality products Because the employee is the one who directly decides to the quality of the company's products, which the company operates effectively whether or not there is competition in the market or not, it needs to be created the products are of good quality For employees, wages have an extremely important meaning because it is the main source of income to help them ensure their own life and family Therefore wages are the driving force for employees to pay attention labor time, labor productivity if they are paid according to the labor force they spend On the contrary, it can also reduce labor productivity the production process slows down, ineffective if the wages they receive not worth the labor they spend On the whole economy, wages are more specific of the process distribution of material wealth made by workers Therefore, the construction of the wage scale, payroll, select the appropriate form of payment so that salary is the income for the employee to work better and be responsible more tasks than real work is needed Recognizing that urgency, and passing time through practical research at Nhat Minh Business Management Consultant Limited Liability Company , continued I was exposed to the accounting work at my company that saw the importance of accounting salary and salary deductions should have been deeply studied and selected the theme for his graduation thesis is: “Completing wage and accounting salary deductions at one-member limited liability company for project exploitation Nhat Minh irrigation work " Object and research purpose - Subject of research is: Salary and accounting Salary deductions of trade companies, which go into depth form of salaries and salaries deducted from one member limited liability company exploitation of Nhat Minh Business Management Consultant Limited Liability Company - Research purpose of the topic: + Present systematically and clarify the theoretical issues The table applies to salary accounting and salary deductions at public places ty in general + Study on the current situation of wage accounting and salary deductions at Nhat Minh Business Management Consultant Limited Liability Company + Based on theoretical and practical surveys at the Company to propose these Proposals to improve salary accounting and salary deductions Research scope - Salary accounting research project and current salary deductions at Nhat Minh Business Management Consultant Limited Liability Company Time was selected the research topic is January 2019 and 2018 figures Research methodology My research topic is based on the method of problem analysis theoretical and practical problems in a scientific and logical way, combining interpretation and interpretation inductive, between words and tables, preliminary illustration The structure of theory Note chapters: Chapter 1: General theory of accounting for salary and salary compensation in business Chapter 2: Accounting for salary and salary compensation at Nhat Minh Business Management Consultant Limited Liability Company Chapter 3: Improvement to accounting for salary and salary compensation at Nhat Minh Business Management Consultant Limited Liability Company Due to the short internship at the Company, awareness of reality is limited so my thesis cannot avoid defects I look forward to it get input from teachers and siblings in Nhat Minh Business Management Consultant Limited Liability Company My essay is more complete Finally, I would like to sincerely thank the Department of Planning and Finance, Management board and other functional departments in Nhat Minh Business Management Consultant Limited Liability Company exploited Nhat Minh project was enthusiastically helpful, providing necessary data to help me complete this thesis I would like to thank the teachers of the Accounting Department Special Academy of Finance is the teacher: MSc Nguyen Thi Hong Van was dedicated to guide and help me complete this thesis Thank you sincerely! Student Lê Chung Khánh Linh CHAPTER 1:GENERAL THEOPRY OF ACCOUNTING FOR SALARY AND SALARY COMPENSATION IN BUSINESS 1.1 Overview of salary and salary compensation 1.1.1 Labor concept, salary and salary compensation * Labor: is the consumption of labor force in reality Labor is purposeful, conscious operation of people to create products for the needs of social life Labor is the most special activity human creative activity * Employees are those who work for wages and labor or the mind that makes physical or mental products for others * Salary: labor cost is formed by agreement between employee and employer are in accordance with the relations and regulations laws in a market economy In Vietnam during the period of central planning, wages are understood as a part of national income is used to offset the inevitable labor costs due to the House water distributed to officials and employees in the form of currency, in accordance with regulations labor distribution law Currently under Article 55 Vietnam Labor Code Regulations on wages of employees are agreed by the two parties in the labor contract and paid for by labor productivity, quality and efficiency Wages are part of the social product represented by paid money for employees based on the number and quality of workers of all users to offset labor costs of all users to offset labor costs this is a practical issue for employees properly regulated, is the strong stimulus of production, it stimulates like workers who strive to produce and work, improve skills and reform advanced techniques to improve labor productivity Laborers after using their labor create products pay a certain amount of wages In terms of phenomena, we see the labor force brought trade for wages So it can be considered labor is a commodity special chemistry And wages are the prices of those special goods, the goods labor force Because goods of labor need to be traded in the market labor based on agreement between buyer and seller, is subject to impact of the law of value, the law of supply and demand Hence labor prices will vary According to the prices of the constituent factors as well as the supply-demand relation of labor, when salary are considered the value of labor, this price will form on basis of agreement between the employee and the employer Price labor dynamic or remuneration may increase or decrease depending on the supply and demand of goods labor So wages often fluctuate but it must rotate around the value of labor as well as other common goods, it requires objectively ask for its correctness and validity Price on the other hand how wages fluctuate must ensure a minimum standard of living the employee can stay and continue working Salary deductions include: Social Insurance, Health Insurance, Trade union funds, unemployment insurance Social insurance: Under the current regime, fund B X is formed by appropriation The rate of 25.5% of the total wage must be paid to employees in each period math, where: Employers must bear 17.5% of the total wage and salary included in operating expenses The employee must bear 8% of the total salary by deduction into their salaries Health Insurance: - Health Insurance is a fund used to pay employees who contribute to the fund in medical examination and treatment activities, formed by prorating 4.5% of the total wage payable to employees, of which: Employers must bear 3% and be included in production costs business