17523403010407_Nguyễn Thùy Dương_07_Lv_Cq55_21.10.Pdf

MINISTRY OF FINANCE ACADEMY OF FINANCE  Graduation Thesis Topic: Completing Accounting for Service provision and Evaluating business results at ThaiSon International Import Export Company Limited Student: Nguyễn Thùy Dương Student Code: 17523403010407 Class: CQ55/21.10 Tel: 0356942398 Instructor: Master Nguyễn Hương Giang HÀ NỘI -2021 TABLE OF CONTENT ACKNOWLEDGEMENTS FORE WORD CHAPTER1: BASIC THEORETICAL ISSUES ABOUT SERVICE PROVISION ACCOUNTING AND DETERMINING BUSINESS RESULTS IN SERVICE ENTERPRISES 1.1 General overview of Service provision Accounting and Determination of business results 1.1.1 Service provision and Determination of Business results 1.1.2 The role of Service provison accounting and Determination of bussiness results 1.1.3 Method of service provision 1.1.4 Payment methods 10 1.1.5 Duties of services provision accounting and determiration of business results 10 1.2 Basic content of Service provision Accounting and Determination of business results 11 1.2.1 The basic principles and accounting standards govern Service provision accounting and Determination of business results 11 1.2.1.1 The basic principles .11 1.2.1.2 Accounting standards 14 1.2.2 Accounting for service provison and services revenues 15 1.2.2.1 Accounting services revenue and Revenue deductions 15 1.2.2.2 Cost of goods sold accounting 20 1.2.3 Accounting for expenses and revenue from financial activities .23 1.2.3.1 Accounting of financial revenue 23 1.2.3.2 Accounting for financial expenses 25 1.2.4 Accounting for Selling and Adminitrative ExpensesThe concept and contents of Expenses 27 1.2.4.1 Selling expenses 28 1.2.4.2.General and adminitration expenses 30 1.2.5 Accounting for other expenses and income .34 1.2.5.1 Accounting of other income 34 1.2.5.2 Accounting for other expenses 35 1.2.6 Accounting for corporate income tax expenses .37 1.2.7 Accounting for determining business results 39 1.3 Accounting books used in Service provision Accounting and determination of business results 42 1.3.1 Detailed accounting books 42 1.3.2 General accounting books .42 1.3.3 Forms of bookkeeping .43 1.4 Service provision accounting and business results in terms of accounting software applications 47 1.5 Disclosure of service supply accounting and business results information in financial statements 51 1.5.1 Balance Sheet (B01) 52 1.5.2 Income Statement (B02) 52 1.5.3 Cash Flow Statement (B03) 55 CONCLUSION OF CHAPTER 1: 57 CHAPTER 2: CURRENT SITUATION OF SERVICE PROVISION ACCOUNTING AND DETERMINATION OF BUSINESS RESULTS AT THAI SON INTERNATIONAL IMPORT, EXPORT COMPANY LIMITED 58 2.1 Overview of Thai Son International Import, Export company limited 58 2.1.1 The process of formation and development of the company 58 2.1.2 Business characteristics and production processes of the company 59 2.1.3.Organizational characteristics of production and business at Thai Son International Import, Export company limited 60 2.1.4 Organizational accounting system at Thai Son International Import, Export company limited 62 2.2 Current fianancial accounting situation of Service provision accounting and determining business results .69 2.2.1 Features service provision activities and determine business results at the company .69 2.2.2 Accounting for service provision and services revenue 71 2.2.2.1 Accounting services revenue and Revenue deductions 71 2.2.2.1.1 Accounting services revenue 71 2.2.2.1.2 Accounting revenue deductions .80 2.2.2.2 Cost of goods sold accounting 80 2.2.3 Accounting for expenses and revenue from financial activities 93 2.2.3.1 Accounting of financial revenue 93 2.2.3.2 Accounting of financial expenses .99 2.2.4 Accounting for selling and administrative expenses 103 2.2.4.1.Selling expenses accounting .103 2.2.4.2 General and administration expenses accounting 103 2.2.5 Accounting for other expenses and income 111 2.2.5.1 Accounting of other income 111 2.2.5.2 Accounting of other expenses 117 2.2.6 Accounting for corporate income tax expenses 124 2.2.7 Accounting for determination of business results 125 2.2.8 Presentation of information on the financial statements for accounting of service provision and determination of results 131 2.3 Evaluation of accounting of service provision transactions and business results at Thai Son International Import, Export company limited 134 2.3.1 The achievements of the company .135 2.3.2 Company limitations and improvement requirement 137 2.3.3 Reasons of limitions .138 CONCLUSION OF CHAPTER 140 CHAPTER 3: SOME SOLUTIONS TO COMPLETE SERVICE PROVISION ACCOUNTING AND DETERMINE SERVICE BUSINESS RESULTS AT THAI SON INTERNATIONAL IMPORT, EXPORT COMPANY LIMITED 141 3.1 Requirements and principles for completing the Service provision Accounting and determining Service provision results .141 3.1.1 Request for completion 141 3.1.2 Principles of completion 143 3.2 Content completed suggesstion 143 3.3 Conditions for implementing the solutions 155 CONCLUSION OF CHAPTER 157 Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 LIST OF ABBREVIATIONS USED IN THE THESIS Abbreviations Full meaning Acc Account ThaisonCo.ltd Thai Son international import,export company limited AdE Adminitrative expenses SpE Service provision expenses FE Financial Expenses FR Financial revenues OthR Other revenues Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 ACKNOWLEDGEMENTS I would like to assure that the thesis “ Completing Accounting for Service provision and Evaluating results in business at Thai Son International Import, Export Company Limited” is my own research The figures and results stated in the graduation thesis are honesty stemming from the actual situation of Thai Son International Import, Export Company Limited, under the enthusiastic guidance of Nguyen Huong Giang M.A If there are any problems, I will take full responsibility Students Duong Nguyễn Thùy Dương Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 FORE WORD 1, Urgency and significance of the research topic As we all know, the covid-19 pandemic has affected the entire world economy, including Vietnam However, there is a new economic sector, the logistics industry that is developing in the direction of positive growth, providing extremely good opportunities for the Vietnamese economy One of the activities in the logistics service provision chain is transport services This service appears when there are the purchase and sale of two domestic and foreign entities Thereby, service companies in general and transport service companies, in particular, have grown and appeared more in recent years in Vietnam So how to manage input and output well in a service company, we need to consider the factors this business must spend and the economic benefits gained From an accounting perspective, it means we need to look at how service companies are making profits to understand why the trucking industry has potential in Vietnam In accounting, Revenue is a top concern of all businesses- in general and service enterprises in particular Efficient work on the consumption stage will help the enterprise recover its own capital and assist the production and business process, also fulfill the socio-economic goals and improve the production and business efficacy Enterprises- in general, and service enterprises- in particular, apply different forms to promote and manage the process of goods consumption One of the most important and effective measures to mention is the accounting of service provision and business results Service provision accounting and determination of business results are issued by the state through the enactment of accounting laws, guiding circulars, accounting standards, and other relevant legal documents However, due to the different business conditions of enterprises, in order to suit each form in the enterprise, the accounting of each enterprise is different Therefore, the accounting at enterprises contains mistakes, confusions, and problems that need to be addressed and discussed in reasonable for being able to accurately reflect the nature of each arising economic operation Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 Through the time working as an interns at the Thai Son International Import,Export Company Limited , I was able to research the actual accounting work at the company Knowing the importance in accounting and service provision and determining service provision results, at Thai Son International Import Export Company Limited, besides its advantages, there are limitations that need to be completed Therefore, I would like to choose my research topic, "Completing Accounting for Service provision and evaluating results in business at Thai Son International Import Export Company Limited” 2, Purpose of the topic - First, Systematize theoretical issues related to service provision accounting and determine business results in the enterprise, regulations of the accounting regime, current accounting standards; reinforce and help students themselves to better understand and understand what they have learned - Second, Clarify the business characteristics and accounting work of the Company thereby clarify the current situation of accounting and service provision accounting and determine revenue from services rendered - Third, Point out the advantages, limitations, points that are not reasonable in service provision accounting and determine service provision results to help the company see what has been and has not been done, thereby proposing a Number of solutions and opinions to improve service provision accounting and determine service provision results at Thai Son International Import, Export company limited 3, Subject and scope of the research Research subjects: Organizing service provision accounting and determining service provision results at Thai Son International Import, Export company limited At Thai Son, there are many types of services is provied But the period of time that I have opportunity to study and research, is quite limited Thereby, I will primarly C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 focus on providing transportation service,which is the activity created lots of economic benefits for ThaiSon Research range: Practical research on service provision accounting and determination of service provision results at Thai Son International Import, Export company limited I only focus on operations happened in December 2020 for transport services accounting, throungh the information I collected, I can be able to have overview for the specific operations at Thai Son Document used: Actual information and data surveyed and collected during the internship at Thai Son International Import, Export company limited 4, Method of researching the topic Interview and observation method: This method is applied by observing the actual operation process of the company in order to get an accurate view and collect appropriate data Data collection method: This method is based on actual vouchers arising from economic operations, which have been gathered into accounting books and checked for accuracy, suitability and completeness of vouchers Analysis method: This method applies the calculation and comparison of data of the above methods to analyze the difference between theory and practice and draw appropriate conclusions 5, Structure of the thesis Chapter 1: Basic theoretical issues about Service provision accounting and Determining Service provision results in commercial enterprises Chapter 2: Current situation of Service provision accounting and determination of business results at Thai Son International Import, Export company limited Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 in over a month is from 250 to 350 million, customers will enjoy 4% trade discount, from 360 milion to 400 milion VNĐ or more, customers will enjoy 5.5% For orders where a trade discount arises, the discount is reflected on the added value invoice, the value added invoice must specify the percentage or discount, the selling price without VAT (the selling price has been discount), VAT and total payment price inclusive of VAT, the accountants shall base themselves on added value invoices as follows: Dr 511: Reducing the prices of goods sold (the selling price without VAT) Dr 3331: VAT (calculated on the value of discounted goods) Cr 111 / 112 / 131: (according to the total payment price) Example: Binh Minh Limited Liability Company hired Thai Son company to transport an export shipment from Bac Ninh to Hai Phong port and carried out the procedures to export the goods in August 2021 Thai Son company transported 20 consignments equivalent to 20 containers to China, the total values of services leased by Binh Minh Company Limited from Thai Son is up to 260,000,000 When there is an operation incurred, accountant will records on Misa with the journal entry as follow: Dr acc 111/112/131 Cr acc 511 Cr acc 3331 At the ending of the month, accountant will collect the services values that Binh Minh purchased from Thai Son into a month The Accountant will record : Dr acc 521: 260.000.000*4%+ 26.000.000*4% = 11.440.000 Cr acc 131: 11.440.000 There fore, Bình Minh will payment for Thai Son in next months will be 248.560.000 VNĐ Monitor and plan debt collection 146 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 When we provide a service, some customers still haven't paid off the debt This is called the receivable debt If not managed closely, it will probably turn into bad debt I have a few suggestions for managing receivable debt and planning the receivables for Thai Son Company  Monitoring and planing receivable debt Steps to monitor, plan effectively: Step 1: Setting up some times to collect receivable Step 2: Establish a list of customers that need to be recalled for each batch For Example: Thai Son needs necessary policies to improve the ability of debt collection Any bill arised in a month that they can not afford to pay fully, I just only need that Customers will pay about 40% for the total value of the bill And the rest of bill is 60% , Customers will pay off in next month For example: The below table will demonstrate detail on how to plan debt collection to can be collected debts is better than the previous time Thai Son's Debt receivable plan Revenues (unit: 10.000.000) Collected-Money Month 12/ previous year 10 11 12 12/ previous year 110 100 95 105 120 90 110 115 85 95 120 140 150 66 40 the total of planed debt receivable in a moth ( milion) 106 44 60 38 142 57 63 120 42 48 90 72 36 108 147 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn 54 44 98 66 46 112 69 34 103 10 51 38 89 11 57 48 105 12 72 56 128 84 60 144 110 100 95 105 120 90 110 115 85 95 120 140 60 90 C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 Asume that, the revenues from January to December of Thai Son Co.ltd in Providng services in 2021 are 100;95;105;120;90;110;115;85;95;120;140;150 ( unit 10.000.000VND) And The opening balance of receivable debts of the 2021 year is 1.100.000.000 VND I will calculate as follow In January, The total money need to be received + 60% * Opening balance of January + 40% * receivable debts arised in January = 60%*110+40%*100=106 In February, The total money need to be received + 40%* Opening balance of January + 60% * receivable debts arised in January+40% * receivable debts arised in February = 40%*110+60%*100+40%*95=142 In March, The total money need to be received + 60% * receivable debts arised in February + 40% * receivable debts arised in March = 60%*95+40%*105=120 From April to December: we will similarly as March In April: 900.000.000 In May: 1.080.000.000 In June: 980.000.000 In July: 1.120.000.000 In August: 1.030.000.000 In September: 890.000.000 In October: 1.050.000.000 In November: 1.280.000.000 148 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 In December: 1.440.000.000 And at the ending of the 2021 year The ending balance of account 131 will be 900.000.000 VND It means we can be control at the level that we can estimate This debt is to keep relationship between Company and Customers Step 3: Establish provision bad receivable debts Because To minimize the loss of bad debts that may occur and ensure the recognition of revenue and expenses in the period, at the end of the accounting year, the enterprise must set up a provision for bad debts The bad income is included in the business administrative expenses of the reporting year Provision of bad receivable debts will be incurred when someone company overdue the deadline of the economy contract It depends on how long have they been overdue +30% value for Debit account must be limit from months to under year + 50% value for Debit account must be limit from year to under years + 70% of the value for debts overdue from years to less than years + 100% of the value for debts receivable from years or more For example: Hoang Ngan Commercial Company has not paid shiping-money for Thai Son, the amount of money incurred when Hoang Ngan Co.co purchased Thai Son’s services 24 months ago, this debt is 25.000.000 VND ( Overdue is moths) This is a transaction incurred in a long time, there for, To minimine the loss- the thing should set up a mount of provision for bad receivable debts Record: Dr acc 6422: 30%*25.000.000 = 7.500.000 VND Cr acc 2293: 7.500.000 149 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 The advantages appling above suggestions in the third content Third Apply Non-apply content Trade - Create close discount between relationship Customers and Thai Son’ services because Company, important factor is to of soar revenues and have profits care of Customer to attract - To Encourage customers can purchased more Payment Discount - Loyal customer did not use - When we the caution in taking them to use our services continuously product this - May be, Customer will method is to encourage curstomer delay in paying Credits for as soon as possible to Thai Son Creditors ( Thai Son in have an amount of money to cover particular) emergency situations Debt - A clear plan help Thai Son - Just know to call debtors correctly product according to who have to pay money for plan us but they will pay a small We will control debts mount of their credits for us Collection - - Customers themselves also will actively pay money for - May be, they delay in payment enterprise Provison for bad receivable - Thai Son will natively manage - Thai Son’s finance is not All overdue debts to ensure beautifull one’s finance Statement In addition, It is debts on financial hard to deal with unlucky emergency sitiations Fourth, about determining the detailed business results for each item: 150 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 The company needs to identify the business results of each item so that the company can know which products are losing and which are make profits to have reasonable business development strategies, focus on key products, to improve economic efficiency It is necessary to open detailed accounts, open a detailed book to monitor revenue and cost of goods for each commodity group to capture the situation of consumption as well as business results of each commodity group When there is a transaction, the cost of accounting is not gathered separately for each item, but at the end of the accounting period, it is allocated to each item according to the value of the goods sold to help the company easily Determine business results for each item The allocation formula is as follows: About selling expenses: Selling cost Total selling expenses incurred in the month allocated to = item X x Revenue of item X Total Revenue of the month About administrative expenses Total Administrative expenses Administrative cost allocated to item X = incurred in the month x Total Revenue of the month Revenue of item X Fifth, about Establishing the cost of goods sold Step 1: establish a cost aggregation object The cost collection object is the shipments For example: On June 13, 2021, Thai Son Company issued an invoice to Hoang Anh Trading Co., Ltd with the content: Steel freight (with attached list) 151 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Product's Date name Place of Delivery Student: Nguyễn Thùy Dương 55/21.10 Place of vehicle Total Return type money 08-06-21 Steel XD HA NOI THAI BINH 29C42845 20,000,000 13-06-21 Steel XD HA NOI NINH BINH 29C78560 21,500,000 Total Notes 41,500,000 Based on the invoice on the accountant, it is necessary to establish two objects of cost collection: + Steel freight from Hanoi to Thai Binh Code: 21VC_HN, TB + Steel freight from Hanoi to Nam Dinh Code: 21VC_HN, NB Step 2: Determine DO oil level for each shipment above To know the top of the oil running from the A to the B you need to estimate the distance between A to B  Determine the route of transportation: Departure and destination - Determine the distance is how many Kilometers This distance includes both the way back and the way back – Determine the amount of oil used for this distance – Determine the tax-exclusive revenue on the invoice – Determine the cost of each shipment, consider the cost of goods to be 80% to 90% of the revenue – Based on the first purchase invoice to know the average oil unit oil price – The Total amount of oil = Quantity of oil per kilometer * distance – Oil money is normally determined = 40% to 45% of the total cost of shipment From above example: The Number of oil liters on kilometer of this vehicle: 0.35 liters Distance from Hanoi to Thai Binh is: 240 km (for both going and returning) 152 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 Distance from Hanoi to Ninh Binh is: 250 km (calculated for going and returning) The amount of oil needed for this shipment: 21VC_HN,TB: 0.35*240= 84L 21VC_HN,NB: 0.35*250= 87.5L The money of = The amount of oil needed for x oil quantity The unit oil price / 1L this shipment used for each shipment Then, I will give a table related to establishing oil norm in transport services I belive that Thai Son may be apply this way to evaluating the oil norm used in a shipment I believe that Thai Son may apply this way to evaluating the oil norm used in a shipment to determine the cost of goods sold ( the cost of services supplied) To sum up: + Based on the Number of oil liters on kilometer of this vehicle: L ( liter) + Based on the distance from the place of delivery to one of the return : Km + Based on the unit price of a liter of oil: VNĐ 153 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 Step 3: Determine the general costs to be allocated according to the amount of DO oil ex-warehouse General expenses in the transport company such as:  Driver's salary, car assistant  Cost of using the road  Car inspection fee  Car repair and maintenance fees (tire change, car wash )  Depreciation costs for cars  Other CCDC allocation costs related to shipping  The cost of navigation equipment on the vehicle 154 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang  Student: Nguyễn Thùy Dương 55/21.10 All of the above costs will be allocated to the cost of each shipment according to the following formula: Total cost per shipment = (Total cost collected / Total DO oil output in period ) x Amount of oil per shipment Step 4: Calculate the cost of goods sold ( the cost of transport service suplied) After calculating the cost, you make a journal entry Dr acc 632 Cr acc 154 3.3 Conditions for implementing the solutions The improvement of accounting in general and the accounting of service supply and determination of transportation results in particular is an indispensable issue, very necessary and should be continuously carried out In order to make sure the accuracy and scientificity for the completion of sales accounting and determination of sales results at Thai Son Co lted , the company needs to ensure the following conditions: - First, it is necessary to properly assess the actual business situation of the enterprise, promote strength, and at the same time ensure the science, accuracy, timeliness principle From there contribute to businesses, create favorable conditions for businesses growth and improve company performance - Second, the company needs to regularly update the latest accounting regime, accounting standards and current accounting regulations of the Ministry of Finance as well as relevant tax laws The compliance with the current accounting regime ranges from compliance with user accounts, accounting standards, methods and procedures to the use of accounting records or reporting systems On that basis, it is important to apply that properly and appropriately company's accounting - Third, The company's leadership have high sense of responsibility, care about all the aspects from the financial situation to employees, They need to strengthen the direction, check and supervise the accounting work closely, avoid making mistakes or inconsistencies with the company’s business 155 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 - Fourth: The company should fully invest in most advanced modern technical facilities to serve the accounting as well as the management work Technical departments in the company also need to regularly check the safety of the computer system - Fifth: The company needs to organize personnel appropriately, ensure professional order Disseminate to all members of the company well aware of the important role in the sales and accounting of sales operations - Sixth: The company needs to create a closer relationship with employees so that they be willing to devote strength and intelligence to the sustainable development of the company A comfortable, flexibility working environment to avoid stress and pressure for employees is necessary so that employees can complete the assigned tasks in the most effective way - Seventh: The organization of accounting work must ensure the principle of saving, efficiency and maximizing the value of equity Completing the service supply and determining business results must provide the most useful information with the most time and cost savings, minimizing complicated, cumbersome and unnecessary tasks to the accounting work of the company to get the highest efficiency 156 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 CONCLUSION OF CHAPTER Revenue accounting and determining business results play a very important role in the accounting work of enterprises Determining the right revenue and cost creates favorable conditions for managers to make correct and timely decisions in the management, operation and development of the company A period of time that I worked at Thai Son International Import Export Company limited with knowledge learned at the Academy of Finance, specially instructed by the teachers in the school, especially careful and detailed guidance of Master Nguyen Huong Giang (instructor) and all accounting staff and some related staff at Thai Son International Import Export Limited Company I applied the theory of fact-finding accounting work at the company and received valuable lessons and working experience that I collect during I work here The article has achieved results to improve the cost of providing services and determine business results at the company as follows: - In theory: systematize revenue and costs and determine business results in the enterprise - In fact: detailed accounting of revenue and expenses and determining business results at Thai Son international import-export limited liability company in 2020 Based on evaluating advantages and disadvantages in revenue accounting and determining business returns, the thesis gives few recommendations on above, in particular as follow: - First, completing the process of accounting vouchers circulation - Second, the organization of proper and valid vouchers - Third, receivable debts management - Fourth, determining the detailed business results for each item - Fifth, Establishing the cost of goods sold 157 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 158 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Instructor: Master Nguyễn Hương Giang Student: Nguyễn Thùy Dương 55/21.10 NHẬN XÉT CỦA NGƯỜI HƯỚNG DẪN Họ tên người hướng dẫn luận văn tốt nghiệp:Thạc sĩ Nguyễn Hương Giang Nhận xét trình thực tập tốt nghiệp sinh viên: Nguyễn Thùy Dương Khóa: CQ55 Lớp: CQ55/21.10 Đề tài: “Hồn thiện kế tốn cung cấp dịch vụ xác định kết kinh doanh Công ty trách nhiệm hữu hạn xuất nhập quốc tế Thái Sơn ” Nội dung nhận xét: Về tinh thần thái độ thực tập sinh viên: Về chất lượng nội dung luận văn  Sự phù hợp tên nội dung đề tài với chuyên ngành  Độ tin cậy tính đại phương pháp nghiên cứu Điểm: Bằng số: - Bằng chữ: Người nhận xét (ký tên, đóng dấu) 159 Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn C.vT.Bg.Jy.Lj.Tai lieu Luan vT.Bg.Jy.Lj van Luan an.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj Do an.Tai lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an Stt.010.Mssv.BKD002ac.email.ninhd.vT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.LjvT.Bg.Jy.Lj.dtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn.Stt.010.Mssv.BKD002ac.email.ninhddtt@edu.gmail.com.vn.bkc19134.hmu.edu.vn