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

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

ACADEMY OF FINANCE BUSINESS ACCOUNTING STUDENT: LE CHUNG KHANH LINH CQ54/21.04 INTERNSHIP REPORT THESIS – SALARY AND RELATED SALARY COMPENSATIONS Faculty : Accounting Faculty Major : Business Accounting Major code : 21 Msc : Nguyễn Thị Hồng Vân Ha Noi - 2020 Thesis – salary and related salary compensations Academy Of Finance MY PLEDGE 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 Student: Le Chung Khanh Linh i CQ54/21.04 Thesis – salary and related salary compensations Academy Of Finance TABLE OF CONTENTS MY PLEDGE i TABLE OF CONTENTS ii LIST OF ABBREVIATIONS v THE LIST OF TABLES vi THE LIST OF DIAGRAMS vii THE LIST OF PICTURESINTRODUCTION viii 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 .5 1.1.2 Labor, salary, salary compensation 1.2 Forms of salary and salary compensation 10 1.2.1 The form of salary 10 1.2.2 The form of salary compensation 14 1.3 Accounting of salary and salary compensation 19 1.4 Salary accounting and salary compensation 23 1.4.1 Vouchers used in accounting for salary and salary compensation 23 1.4.2 Accounts used in salary accounting and salary compensation 24 1.4.3 Common transactions in salary and salary compensation 28 1.5 Accounting book used in salary accounting and salary compensation .29 1.6 Information about salary accounting and salary compensation 34 1.6 In the balance sheet 34 1.6.2 In the income statement 35 1.6.3 In the cash flow statement 35 1.6.4 On the notes to the financial statements 35 Student: Le Chung Khanh Linh ii CQ54/21.04 Thesis – salary and related salary compensations CHAPTER 2: ACCOUNTING FOR Academy Of Finance SALARY AND SALARY COMPENSATION AT NHAT MINH BUSINESS MANAGEMENT CONSULTANT LIMITED COMPANY 36 2.1 General information about Nhat Minh Business Management Consultant Limited Liability Company 36 2.1.1 The information of internship company : 36 2.1.2 Internship company’s basic features and operating activities: .36 2.2 Company structure .38 2.2.1 Function of each department: 39 2.2.2 Organizational characteristics of the accounting apparatus at Nhat Minh business management consultant co., ltd 45 2.2.2 Form of accounting applied at the company 48 2.2.3 Organizing the accounting reporting system: 51 2.3 Actual salary accounting and salary compensation at NHAT MINH BUSINESS MANAGEMENT CONSULTANT CO 52 2.3.1 Characteristics of salary, salary compensation at NHAT MINH BUSINESS MANAGEMENT CONSULTANT CO 52 2.3.2 Salary accounting at Nhat Minh Business Management Consultant Limited Liability Company .56 2.3.3 Calculate salary and payables for employees .59 2.3.4 Accounting of salaries and salary compensations 73 2.4 Review the status of salary accounting and salary compensations at Nhat Minh Business Management Consultant Limited Liability Company 91 CHAPTER 3: PERFECT SOLUTIONS OF ACCOUNTING WORK STATE AT NHAT MINH BUSINESS MANAGEMENT CONSULTANT LTD.CO 95 3.1 The need to improve salary accounting in the company 95 Student: Le Chung Khanh Linh iii CQ54/21.04 Thesis – salary and related salary compensations Academy Of Finance 3.2 Requirements and principles of finalizing eel accounting at the company 97 3.2.1 Requirements of completing salary accounting and compensations Salary at Nhat Minh Business Management Consultant Limited Liability Company 97 3.2.2 Principle of finalizing salary and salary compensations at Nhat Minh Business Management Consultant Limited Liability Company .99 3.3 Some ideas to improve the organization of salary accounting in the company .99 3.4 Conditions for implementing salary accounting finishing solutions at the company 101 CONCLUSION 103 Student: Le Chung Khanh Linh iv CQ54/21.04 Thesis – salary and related salary compensations Academy Of Finance LIST OF ABBREVIATIONS STT Acronym FS Explanation Financial statements Balance sheet or statement BS P&L UI 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 Student: Le Chung Khanh Linh Note of financial position Profit and loss statement Unemployment insurance v CQ54/21.04 Thesis – salary and related salary compensations Academy Of Finance THE LIST OF TABLES Table 2.1: Timesheets in May of 2019 (excerpts) 58 TABLE 2.2: OF GENERAL SALARY SALES IN MAY OF 2019 (excerpt) 62 Tabe 2.3: Voucher for enjoying social insurance benefits 68 Tabe 2.4: Payment voucher of social insurance benefits 69 Table 2.5: Payment schedule of social insurance 70 Table 2.6: Salary and social insurance payment table in May of 2019 at Nhat Minh Business Management Consultant Limited Liability Company 71 Table 2.7: Summary of salary compensations in May 2019 72 Student: Le Chung Khanh Linh vi CQ54/21.04 Thesis – salary and related salary compensations Academy Of Finance THE LIST OF DIAGRAMS Diagram 1: Accounting for payroll .28 Diagram 2: Accounting for payroll related compensation 29 Diagram 3: Diagram showing salary accounting and salary compensation in the form of general diary: 30 Diagram 4: Diagram showing salary accounting and salary compensation recorded ledger in the form of ledger diary 31 Diagram 5: Diagram showing salary accounting and salary compensations in the form of bookkeeping vouchers 32 Diagram 6: Diagram showing salary accounting and salary compensations in the form of Journal – Document 33 Diagram : Diagram showing salary accounting and salary compensations in the form of machine accounting 34 Diagram 8: The structure of accounting sysytem 42 Diagram 9: Organizational characteristics of the accounting apparatus at 45 Diagram 10: Organization chart of bookkeeping system: .50 Student: Le Chung Khanh Linh vii CQ54/21.04 Thesis – salary and related salary compensations Academy Of Finance THE LIST OF PICTURES Figure 1: List of accounts (extracted) 74 Figure 2: Interface for importing other business documents 75 Figure 3: List of accounts 338 .76 Figure 4: Account list 642 .78 Figure 5: Interface for importing other business documents 79 Figure 6: Interface for selecting working time 80 Figure 7: Salary accounting for employees in May 2019 .81 Figure 8: Interface for accounting of account payables 83 Figure 9: Payroll accounting for employees 85 Figure 10: Accounting of payment of reduction insurance 86 Figure 11: Interface for performing an ledger view of an account .87 Student: Le Chung Khanh Linh viii CQ54/21.04 Thesis – salary and related salary compensations Academy Of Finance 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, salaries have an extremely important meaning because it is the main source of income to help them ensure their own life and family Therefore salaries are the driving force for employees to pay attention labor time, labor productivity if they are paid according to the labor force they Student: Le Chung Khanh Linh CQ54/21.04