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INTRODUCTION Reason for selecting the topic Feed is an important factor in the development of the livestock sector, which is being considered as a means of ensuring food security throughout the world Animal feed production in the world has a lot of fluctuations but still keep up the trend In Vietnam, the demand for animal feed has always increased by about 10% / year, approximately 1820 million tons / year It is expected that by 2020, the scale may reach 25-26 million tons per year However, current domestic production is almost not meeting domestic demand This shows that Vietnam's feed market is a potential market for feed mills Determining the reasonable selling price to bring about business efficiency is one of the important issues of corporate governance However, in Vietnam, feed mills now only focus on financial accounting to provide cost information for product pricing This (3) Recommended some solutions to improve the cost management accounting methodology in product pricing at feed mills in Vietnam Research questions (1) What is the method of cost-based pricing including market pricing and transfer pricing in feed mills in Vietnam? (2) What factors influence the cost-based pricing approach in feed mills in Viet Nam and their impact on the valuation methodology? (3) What are the solutions to improve cost management accounting in product pricing at feed mills in Vietnam? Subjects and scope of research Research subjects accounting system can not provide the appropriate, timely and reliable cost information for executives to make product pricing decisions As a result, feed mills will not be able to stand firmly in the increasingly competitive business environment Using of cost management accounting methods in product pricing at feed mills Feeding is a key issue in helping managers make the right decisions so that they can bring products to market at a reasonable price and have the budget to research and development, select the Synthesis thesis, systematics theory on cost management accounting method in product pricing This includes determining the selling price of the product to the outside market and determining the internal transfer price within the enterprise, factors affecting the method of cost pricing International transfer are not covered in this study appropriate marketing methods, thereby creating more profits for businesses Recognizing the importance of adopting cost management accounting methods in product Research scope pricing in feed mills in Vietnam, including the pricing of products sold outside the market - Spatial extent: and the price of internal transfer products inside the enterprise: "Research on cost management accounting methodology for product pricing in feed mills in Vietnam " This study selects feed mills in Vietnam, including domestic and foreign-invested Research Objectives aquatic feeds not covered by the research in this subject Authors define the research objectives: * In terms of time scale: This study uses data from feed mills in Vietnam from 2014 to (1) Study the methods of cost-based product pricing in feed mills in Vietnam, including selling prices and transfer pricing (2) Study the factors influencing the method of cost-based pricing in feed mills in Vietnam enterprises In feed mills, the authors only study animal feeds for cattle and poultry and 2016 Research methodology The thesis uses qualitative and quantitative research methods to support the research process Qualitative research was conducted including field observations, case studies and semistructured interviews OVERVIEW OF RESEARCH PROJECTS ON COST MANAGEMENT ACCOUNTING METHODS IN PRODUCT PRICING IN ENTERPRISES Quantitative research was conducted through the distribution of questionnaires for twostage data collection Phase one is experimental research and the second phase is massbased research 1.1 Overview of product pricing is studied in terms of economic experts Target pricing In each stage of the situation, different circumstances, the business will set the Contribution of the thesis valuation target is different In order to be able to accomplish the business valuation The dissertation has systematized the basic theoretical issues of cost management accounting methodology in product pricing in manufacturing enterprises At the same time, the thesis has reflected and clarified the actual situation of the method of accounting management cost in the pricing of products in the feed mills in Vietnam Identify the factors influencing cost pricing methods in feed mills in Vietnam: size, market share, influence in determining prices and cost information Basing on the development orientation of the animal feed processing industry and the orientation to improve the cost management accounting method in product pricing in animal feed processing enterprises, the thesis has proposed two Solutions for two groups objectives, there are valuation strategies that are appropriate for each of them Pricing strategy There are many research articles in the world that write about product pricing strategies The study by Avlonitis and Indounas (2005) shows that pricing strategies are divided into three main categories: cost pricing, competitive pricing, and market pricing 1.2 Overview of foreign research on the use of cost management accounting in product pricing 1.2.1 Research studies use cost accounting to determine the cost of selling products of enterprises are large enterprises and medium and small enterprises Variable cost and full cost method Structure of the thesis Chapter 1: Overview of Researches on Cost Management Accounting Methods in Product Pricing in Manufacturing Firms Chapter 2: Theoretical foundation of cost management accounting methods in product pricing in manufacturing enterprises Hall and Hitch (1939) were the first to undertake research on UK companies using costs as the basis for price decisions This study shows that about 80% of firms in the survey use a cost-based valuation approach, with only a few companies valuing marginal revenue and marginal costs as the model to maximize profits in the economy Companies in the sample said they set prices based on full cost and added a desired margin A later study was the study of the price of Skinner (1970) This study again Chapter 3: Research Methods Chapter 4: The situation of applying the cost accounting method in product pricing in feed mills in Vietnam Chapter 5: Directions and solutions to improve the cost management accounting in product pricing in feed mills in Vietnam Chapter confirms the dominance of cost pricing in firms with 70% of firms surveyed using this valuation method Govindarajan and Anthony (1983) surveyed over 500 industrial companies from the Fortune 1000 to find out how companies use costs in pricing their products Of the 505 respondents, 83% of the companies used the full cost pricing approach and 17% chose the variable cost approach The study by Huda Al-Hussari (2006) examined 1000 businesses in the UK's food information, customer information, competitor information, manufacturing diversity, processing and other industries Research results show that when pricing is cost-effective, intensity of the competitiom, the influence in determining, business strategy, market variable cost information is used by executives because using full cost information can lead to costly mistakes share Activity-Based-Costing Shim and Sudit (1995) conclude that the cost-based pricing approach requires the 1.3 Overview of national research on the use of cost management accounting in product pricing 1.3.1 The research uses the cost management accounting to determine the selling allocation of common costs that are used frequently, thus emphasizing the importance of rational general cost allocation prices of products Based on the above analysis, the authors find that most businesses around the world tend production by full cost method and none of them applied ABC In her research on to use cost-based pricing methods In an increasingly competitive business environment there has been a shift in the use of cost information to determine the selling price of a product that is moving from fully cost-based pricing to value based pricing on variable steelmaking companies in Vietnam, Dao Thuy Ha (2008) also presented the use of cost information in the pricing of products sold outside However, the study only deals with this issue in a general way, without delving into cost-based pricing analysis costs or at market prices 1.2.2 Research studies use cost accounting to determine transfer pricing Tran Thi Du (2013) shows that all feed mills surveyed valued the cost of 1.3.2 Research projects use cost management accounting methods in transfer pricing Hirshleifer (1956) was the first to formulate a "transfer" problem in economics, Studies related to internal transfer prices were found in two studies by Nguyen Thi arguing that the market price was the correct transfer price only if the manufactured goods were in a competitive market good Minh Phuong (2013) and Dao Thuy Ha (2015) These studies have referred to the use of cost management accounting in pricing However, the new research is only at the level of Transfer price on the basis of variable cost and full cost survey, general, and has not gone into the analysis and evaluation of the use of cost accounting methodology in the pricing of products Nick W McGaughey (1997) studied transfer pricing methods in the two selected industries, electronics and chemicals in US companies operating locally and internationally The most common transfer pricing method used in chemical companies is market prices and cost pricing methods The most commonly used method of valuation of companies in electronic companies is market price, market price minus cost of sale, and valuation based on full cost of production 56% of chemical companies use cost-oriented methods, while about 46% of electronics companies use this method 1.2.3 Factors that affect the cost-based pricing approach Through an overview of the research on the factors affecting the cost-based pricing approach, the authors identified the following factors: product characteristics (product produced on demand or produced industry), size of the organisation, cost From an overview of the research in the world and Vietnam, the author finds a space for his research that is to learn the cost management accounting methodology in product pricing in feed mills in Vietnam includes pricing and transfer pricing method At the same time, the authors explore the factors that influence the cost pricing approach in feed mills in Vietnam and measure these factors Therefore, the author chooses his dissertation topic as: "Research on cost management accounting methodology for product pricing in feed mills in Vietnam" CONCLUSION CHAPTER Chapter presents an overview of the research related to the application of cost management accounting methodology in product pricing in enterprises around the world and in Vietnam on issues such as objectives Product pricing strategies, product pricing methods, use of cost information in product pricing, and factors affecting the pricing approach Chapter THEORETICAL BASIS ON COST MANAGEMENT ACCOUTING METHODOLOGY FOR PRODUCT PRICING IN IN THE MANUFACTURING ENTERPRISES 2.1 The nature of cost management accounting and the cost management accounting system 2.1.1 The nature of cost management accounting Cost management accounting is a part of management accounting to provide cost information for business management needs Cost Management Accounting provides cost information for business administration and cost management accounting also plays an important role in cost • Least squares method 2.1.3 Cost Management Accounting System Variable cost method The variable cost approach helps managers focus on consumables to make a profit, rather than trying to increase production for inventory and stagnant capital However, this approach does not adhere to the principle of "cost-effective revenue" Full cost method In many cases the full cost method is used to provide cost information to the administrator However, if the basis for allocating costs incorrectly can lead to erroneous decisions by the administrator, and often this approach serves financial reporting Activity based costing (ABC) ABC method is expressed in three points: production costs and non-production are all allocated to the product but only on the cause-effect; Some costs are not included in product costs; Many common costs are used, each of which is allocated to the product and to other cost allocators using a separate measurement method control and performance measurement Cost Management Accounting provides the right 2.2 Overview of product pricing in enterprises information for managers in short-term and long-term decisions and influences the organization's operational strategy 2.2.1 Price in view of economic theory - Perfect competition 2.1.2 Classification of costs - Monopoly For the purpose of product pricing, the author examines the costing classification according to the relationship of cost and activity level • The variable costs • Fixed costs Composite cost separation methods: • Cost analysis using distributed graphs 2.2.2 Price in view of marketing - Target price - Pricing strategy 2.2.3 Price in view of accountant From an accounting point of view, for firms that accept prices to be priced from a market point of view, price-setting firms will value from a cost perspective And • Maximum - minimum method - depending on the timeframe of the decision, cost pricing will include all costs or only the increased cost (variable cost) The base cost to set the selling price varies depending on the method of determining the cost to be used Base costs can be total costs, production costs, or According to the author, there are many methods of product pricing, including cost pricing, competitiom pricing and market pricing In that most businesses use the method of product identification on a cost basis Meanwhile, the level of application of variable costs The differentiated rates for different products depend on the environment, competitive position and product demand According to the author, the base cost depends on the method of determining the competitive and market pricing methods is low Because most businesses have difficulty cost to be used and the percentage of additional funds based on the underlying cost Add- in identifying customer needs and businesses believe that cost pricing can offset costs while offering competitive rates To satisfy the needs of current customers and attract new ons can be built for each product, for a product group, or for an entire business, and it can be built either by empirical statistics or by technical analysis from a percentage of customers Therefore, pricing based on cost is one of the most important and popular expenditure charge or investment methods Furthermore, cost pricing is the starting point for pricing The selling price of the business must first offset the cost and then make a profit - Variable costs pricing method - Full cost pricing method 2.3 Factors that affect the cost-based pricing approach - Activity based cost pricing method - Competition in the business environment 2.4.2 Cost pricing - Market share 2.4.2.1 Pricing of Products for follow firm - Business size • Decision in the short term - Industry - Product characteristics From the viewpoint of the author, variable costs are an important basis for making decisions about the price of a product (governed by the market price, but the firm will - Business strategy actually regulate the price through sales policies) , the volume of goods sold, the quantity - Cost information of goods consumed in the conditions of accepting the price and the conditions of resources are limited - The influence in determining price • Decision in long-term 2.4 Product pricing on a cost basis in manufacturing enterprises 2.4.1 Cost pricing methods Additional cost is calculated according to the formula: According to the author, when making product pricing decisions in the long term in follow firm, managers use the full cost information From there, identify profitable and non-profitable products to ensure that only profitable products are produced and consumed Price = Base cost + Extra Amount 2.4.2.2 Pricing of products for setting firm Extra Amount = Additional Rate * Base Cost • Decisions in the short term (Source: author) Determining short-term prices based on cost depends on the availability of operating capacity Decisions on short-term product structure also require short-term costs If capacity is limited in the short term, executives can use compound interest per unit of limited capacity as the standard for product rating in the production plan Therefore, the nature of the cost information required for pricing decisions and product structure depends on the time period under consideration In the short run, variable costs are the right information to make false decisions for the company setting the price • Decisions in the long term In the long term, businesses are still setting prices based on price-based pricing with cost base as full cost Thanks to the ability to set prices on the market, managers often adjust their selling prices through discounting policies to release inventories, optimize machine capacity instead of applying rigidly a fixed price based on full cost 2.4.3 Transfer price on a cost basis The concept of transfer pricing The transfer pricing is the price charged for the product produced by one division Overview research and transferred to another in the same organization The transfer pricing affects the revenue of the sales department and the cost of the purchasing department Cost transfer pricing methods: Space research - Variable costs transfer pricing - Full cost transfer pricing CONCLUSION CHAPTER Research methodology Chapter presents the basic theoretical issues of cost management accounting in product pricing, including product pricing and transfer pricing Factors that influence the cost pricing method It then evaluates the suitability of each method of cost pricing in specific management scenarios Chapter RESEARCH METHODOLOGY Qualitative methodology - Observer - Case studies - Semi structured interview Quantitative methodology - Cronbach’ Alpha Scale - EFA Test H1a: Diverse strategy is positively impact on the cost pricing H1b: The low cost strategy is positively impact on the cost pricing H2: Organisation size is positively impact on the cost pricing H3: Market share has a positively impact on the cost pricing H4: Intensity of competition has a negatively impact on the cost pricing H5: Degree of customization is positively related to the cost pricing H6: Cost information is positively related to the cost pricing H7: Degree of influence in determining selling prices is positively associated with the cost pricing Diagram 3.2: A model of factors that influence the cost pricing Discuss, Recommendatin, Conclude Diagram 3.1: Research Process 3.1 Qualitative research Qualitative research methods included field observations, case studies and semi- Business strategy Huda Al-Husar (2006) Quantitative research methods structured interviews Qualitative research results help: Size The authors surveyed four feed companies in Vietnam: Dabaco Group Joint Stock Company, CP Feed Joint Stock Company, Vimark Company Limited, Rural Technology Development Joint Stock Company (RTD) These are four companies belonging to two (Huda Al-Husar (2006) Phạm Thị Liên Phương cộng (2010), Guilding cộng (2005) H1 (+) large enterprise groups and small and medium enterprises H2 (+) 3.2 Quantitative research Market share Research models and research hypotheses Cost pricing Huda Al-Husar (2006) H3 (+) This model is inherited according to the research model of Guilding et al (2005), Huda Al-Husari (2006) and modified: From the research model, the author presents the following seven hypotheses: H1: Business strategy has a positive impact on the cost pricing Intensity of competition Guilding cộng (2005), Huda Al- Husar (2006) Degree of customisation Huda Al-Husar (2006) H4 (-) (Huda AlHusar (2006), Guilding cộng (2005) Step 3: Exploratory Factor Analyzes (EFA) H5 (+) Step 4:Correlation coefficient Step 5: The multivariate linear regression model H6 (+) CONCLUSION CHAPTER H7 (+) Based on research objectives, research methods are introduced to achieve research objectives This is a combination of qualitative research methods and quantitative research methods The combination of qualitative research methodology and quantitative research methodology makes the research design achieve the research objectives of the topic Chapter Quantitative research methods - STUDY OF THE COST MANAGEMENT ACCOUTING FOR PRODUCT PRICING IN FEED MILLS IN VIETNAM Research sample The sample was stratified randomly with the general formula as follows: 4.1 Overview of feed mills in Vietnam n= Nt2 x pq = N ɛ2 + t2 x pq 199 x 1,962 x 0,16 199 x 0,072 + 1,962 x 0,16 = 77 firms - Design survey forms 4.1.1 Overview of the current status of production and business activities of feed mills in Vietnam The feed industry in Vietnam is established and developed in association with the Vietnamese livestock industry The feed market in Vietnam is growing rapidly with an - Develop a scale increase of 13-15% per year According to the animal feed association, there are 239 feed mills in the country, of which the number of factories in the country is twice as much as - Surveying that of foreign invested enterprises - formal survey 4.1.2 Product characteristics and product manufacturing processes in feed mills in Analytical methods Viet Nam Data analysis was done through statistical analysis software SPSS 19.0 to obtain the best results for the research model, including the steps: Step 1: Descriptive Statistics Characteristics of feeds The characteristic of feeds is that each feed has its own formulas, including the percentage of each raw material per kg of finished product Feeds have small value, large volume of products The list of products is stable and less volatile Step 2: Cronbach's Alpha Production process of feeds Characteristics of production technology of feed series The production process is continuous and closed production process The production process does not have to go through many complicated stages, the duration of a short production process is from 60 minutes to 90 minutes Products are produced in batches Each batch only produces a separate product 4.2 Characteristics of management organization in feed mills in Vietnam Statistical results from the sample show that currently enterprises producing animal feed in Vietnam are organized in three models: simple structure, functional structure, strategic structure 4.3 Study of cost management accounting method in product pricing in feed mills in Vietnam Pricing method Small scale companies are interested in both cost pricing and market pricing methods Large scale companies are primarily interested in cost pricing Classification of costs Feed mills mainly classify their expenditures according to financial accounting, and only some companies classify expenses according to management accounting (classified into variable costs and fixed costs) If classified according to management accounting, mainly in large enterprises Allocation of production costs Enterprises are using one of two criteria: number of products and production cost Do not use modern cost management accounting methods such as ABC to allocate costs Pricing of products sold out 4.3.1 Sample survey statistics The author sent questionnaires to 77 feed mills in Vietnam, received feedback from 66 firms Statistics describe the size of enterprises through the criteria: business capital, labor force and production capacity The valuation organization depends on the size of the enterprise and the organizational model of the management of the enterprise, which established a valuation committee consisting of several departments combined or only decided by the director For small-scale enterprises, both cost-based and market-based pricing methods are used, with nearly the same method used in the mean of 4.7254 and , 4296 For large scale enterprises, the use of cost-based pricing was more noticeable (mean = 4.7237), while the market-based approach was less used (mean = 1.2895 ) All surveyed enterprises not use other pricing methods 100% of the companies use a cost pricing with the base cost of all costs: cost of raw materials directly, direct 4.3.2 The study of the cost management accounting method in product pricing in labor cost, General production costs, cost of sales and corporate management All of these businesses use the extra money at full cost Normally, the desired return is 8-10% feed mills in Vietnam of the base cost 4.3.2.1 Pricing of Products Sold 4.3.2.2 Transfer Pricing Target pricing Most transfer pricing is determined by the senior management without prior consultation from the department manager 100% of member units in feed processing Small-sized enterprises attach importance to the target of "existence of enterprises", followed by the target of "increase sales", the least interested target is "new product development" For large scale companies, the goal of "market share development" is most interested Followed by "Increase Sales," "Business Survival," "Maximize Profits," "Quality Leadership," and "New Product Development." enterprises are organized into profit centers The goal of maximizing the after-tax profits of corporations is defined as the most important goal The survey results show that 100% of companies with internal transfer use costbased pricing methodologies are CPNVLTT, CPNC, CPSXC (mean = 4.6874) Other cost-based pricing methods are not used by companies 100% of the companies not determine the additional profit Therefore, the internal transfer price is the production cost of the production unit 4.3.3 Factors Affecting Cost Pricing Methodology 4.3.3.1 The reliability of the scale All Cronbach's alpha coefficients of the independent variables were Cronbach's alpha> 0.7 and> 0.8 The coefficients of correlation of the sum of the observed variables were> 0.3, which made the scales available were statistically significant 4.3.3.2 Test the convergence of component variables by analyzing the EFA discovery factor From the 20 variables observed, factors affecting the cost-based pricing approach were included in the factor analysis Observational variables satisfy the requirements of factor analysis Thus, all scales selected for the variables in the model are guaranteed to H3: Market share has a positively impact on the cost pricing H6: Cost information is positively related to the cost pricing H7: Degree of influence in determining selling prices is positively associated with the cost pricing 4.4 Evaluate the study of cost management accounting for product pricing in feed mills in Vietnam Evaluate cost management accounting method Although managers have recognized the importance of cost information, cost classification and the use of generic cost allocation methods are not yet accurate, leading to the use of cost information for management has not been effective Evaluate the use of cost management accounting methods in product pricing be required and can be used in future analyzes 4.3.3.3 Test of correlation coefficient Production capacity, Influence in determining selling prices, Cost Information, Market Share, Differentiation Strategies are positively related with the cost pricing All of these factors are less than 0.05 The results of the correlation analysis also show that there is insufficient evidence to confirm the relationship between the low cost strategy, Degree of customization, Intensity of competition for cost pricing Because the significance levels observed for these factors are greater than 0.05 4.3.3.4 Analysis of linear regression model Business set prices are large scale enterprises that use product cost pricing with a base cost is full cost Follow firms are small-scale enterprises using two methods of product pricing at the same time, which are cost pricing and market pricing methods In short term, companies are using cost information (full cost) to determine the price of the product is not appropriate, resulting in the administrator to determine the effectiveness of the product is not accurate Feed mills with transfer use the cost pricing method with the transfer pricing being the full cost of production Therefore, cost transfer pricing may not guarantee a proper evaluation of operating performance at the divisions, and discourage costly unit The results of the linear regression analysis show that: factors Size (.237, p = 0.000), market share (.0.136, p = 0.022), cost information (.0677, p = 0.000) Degree of control It can even lead to conflicts between the purchasing department and the sales department when the purchasing department suffers from the weaknesses of the sales influence determining the selling price (.0164, p = 014) is positively and statistically department because it has to be purchased at actual production costs while it can be significant with the cost pricing The Difference Strategic factor has no relationship to the cost pricing due to the significance level of the test t = 0.311> 0.05 purchased at a lower price at outside Thus accept the following hypotheses: H2: Organisation size is positively impact on the cost pricing Evaluate the factors affecting the cost pricing The results of the regression analysis show that the cost information system has the strongest influence on the cost method of the joint with the regression coefficient of 0.367 The second most important factor is the size with a regression coefficient of 0.237 Influence factors in price determination and market share were the lowest impact factors Small-scale enterprises overcome limitations on the allocation of general costs by with regression coefficients of 0.162 and 0.136, respectively using a rational basis of allocation, between the basis of the selected distribution and the CONCLUSION CHAPTER overhead that has a causal relationship Large-scale enterprises have a large portfolio of products, often resulting in large overheads These firms can apply the ABC approach to In this chapter, the author presents some key points about the animal feed industry and the results of research on the study of cost management accounting methods for pricing in feed mills in Vietnam include the determination of selling prices of products and transfer pricing Understand what factors affect the cost-based pricing approach by evaluating the reliability of the scale by Cronbach 'alpha testing, the EFA exploration factor analysis, and the test results Research hypotheses on cost-based pricing Chapter DIRECTIONS AND SOLUTIONS TO COMPLETE THE COST MANAGEMENT ACCOUTING METHODOLOGY FOR PRICING IN FEED MILLS IN VIETNAM 5.1 Orientation for the development of feed industry in Vietnam 5.2 Direction to complete the cost management accounting methodology in product pricing in feed mills in Vietnam Feed mills in Vietnam need to improve the cost management accounting methodology in determining the selling price of products in the direction of efficiency and associated with the savings target 5.3 Complete the application of cost management accounting methodology in product pricing at feed mills in Vietnam allocating generic costs to products 5.3.2 Complete the application of cost management accounting methodology methodology in product pricing at feed mills in Vietnam 5.3.2.1 Complete the application of cost management accounting methodology in product pricing Complete the pricing Determining the price is an important decision that all companies must implement, so the enterprises (both small-scale and large-scale enterprises) should set up the sale price board Valuators include: managers, accounting department, planning department, market department Complete in the setup price firms: In the short term, price-setting firms are firms with market power, so these firms often apply cost-plus methods to price their products IBs provide variable cost information and increased fixed costs for the administrator to make the decision in this case In the long term, the basis for pricing is the sum of expected costs and benefits mills in Vietnam The reason is that the company must earn enough revenue to cover all costs and profit for these products Depending on the target of the company that desired profit will be adjusted accordingly The most important information in this decision is that the full cost Complete cost classification information includes variable costs and fixed costs Variable cost can be calculated for Sort costs into variable costs and fixed costs Firms should use the least squares method the product For fixed costs, companies should use the ABC method to determine the product 5.3.1 Complete of cost management accounting methodology for pricing in feed using Microsoft Excel through the Intercept, Slope, and RSQ functions to separate the mixed cost into variable cost components and fixed costs Complete in the follow firms Complete common cost allocation In the short term, follow firms will be based on variable costs as the basis for pricing the product Companies need to use this price information to incorporate variable cost information and resource capacity to determine the composition of consumer products in the short term In the long term, enterprises can adjust the supply of resources for a product Businesses should use the full cost information to conduct periodic profit analysis that serves to differentiate between profitable and non-profitable products to ensure that only profitable products are sold 5.3.2.2 Complete the application of cost management accounting methodology in transfer pricing in feed mills - Building concentrated material areas 5.4.2 On the Vietnam Feed Association 5.4.3 For Vietnamese Feed Business - For business managers - For accountants CONCLUSION CHAPTER Chapter proposes directions and some specific solutions to improve cost Transfer pricing department Division managers should be more decision-makers regarding transfer pricing management accounting methods in product pricing in feed mills in Vietnam Cost management accounting methodology should be used appropriately to make initial decisions Parts should be increased autonomy Carry out the responsibility of the department manager with the performance of his department to promote the department pricing decisions through the development of modern cost management accounting methods such as the ABC method Price determination depends on the short-term or to strengthen management, control costs to improve the quality and reduce the cost of long-term decision that the appropriate information in determining the selling price of the product is the full cost or variable cost Chapter concretizes this approach into specific products Determination method of transfer pricing According to the author, the transfer pricing is still determined on the basis of production costs However, the transfer pricing in enterprises should reflect the nature solutions for determining the cost of the product, selecting the method of pricing in each case of existing products on the market, new products and products of the special order CONCLUDE The feed mills in Vietnam has many opportunities for development as well as and function of the transfer It is the parts that should determine a transfer price on the basis of the actual cost of production and plus a portion of the desired profit facing many challenges in the process of international economic integration Determining On the other hand, the transfer pricing should be referred to the adjusted market the selling price is one of the key decisions that key feed mill enterprises have to live and develop sustainably Applying cost management accounting methods in product pricing price Pricing on a cost basis, but with a reference to the adjusted market price, will motivate the parts of the business to increase control over management costs to improve quality, reduce product costs 5.4 Conditions for implementing solutions to improve the use of cost management accounting methods in product pricing at feed mills in Vietnam 5.4.1 On the State side - The State should focus on quality management of feed - Expand credit support for feed mills at feed mills is a key issue in helping managers make the right decisions to both be able to bring products to the market at reasonable prices, have the budget to invest in research and development of new products, select the appropriate marketing methods, thereby generating more profits for the business According to the target, the thesis has the following contents: The thesis presents a general overview of research in the world and in Vietnam on the application of cost management accounting methodology in product pricing in enterprises from economic accountantand point of view in both cases sell product pricing to external markets and transfer pricing Factors affect to cost pricing in firms The thesis has systematized the basic theoretical issues on cost management accounting methodology in product pricing in manufacturing enterprises (1) The nature of cost management accounting and the system of cost accounting accounting (2) Overview of product pricing in three aspects of economics, marketing and accounting (3) Cost pring from the point of view of price-setting enterprises and accepting prices (4) Identify the factors that influence the cost pricing At the same time, the thesis has reflected and clarified the situation of applying the cost management accounting method in product pricing at feed mills in Vietnam Identify the factors influencing cost pricing methods in feed mills in Vietnam: the organization size, the market share, degree of influence in detemining sale price and cost information Basing on the development orientation of the feed processing industry and the orientation to improve the cost management accounting method in product pricing in animal feed processing enterprises, the thesis has proposed two solutions for two groups of enterprises are large enterprises and medium and small enterprises Development direction of the thesis: Based on the study of cost management accounting methodology in product pricing, it is necessary to expand the research in the direction that the following analysis can analyzy and evaluat the relationship between the cost pricing method with degree of cost management accounting system (sophisticated) Cost management accounting system in enterprises is traditional (simple) or modern (sophisticated) how to affect the type of cost information, quality information costs are provided as the basis to determin base in the cost pricing