Accounting improvement for tangible fixed assets and its depreciation at vietnam multimedia corporation

THE NATIONAL ECONOMICS UNIVERSITY CENTER FOR ADVANCED EDUCATIONAL PROGRAMS hợ p **************************** ng BACHELOR’S THESIS IN ACCOUNTING p tổ Topic cá o th ực tậ Accounting Improvement for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation : Mai Dieu Ly Student code : 11122413 Class : Advanced Accounting 54B Internship guide : Hoang Le Son, PhD Supervisor : Tran Manh Dung, PhD, CPA Bá o Student’s name Hanoi - 2016 ACKNOWLEDGEMENTS The learning time at university gave me a lot of knowledge and skills to serve my future career However, knowledge is not everything Therefore, I need to accumulate more and more experience And the accounting internship at Vietnam Multimedia Corporation helped me apply theory to practice Internship is the useful basis for me before entering my official job To fulfill this internship period, besides my own efforts, I also received great support from my university, my faculty, my supervisor and Vietnam Multimedia Corporation ng hợ p First of all, I want to thank my university – The National Economics University and Center for Advanced Educational Programs for creating an opportunity for me to participate in this useful internship Therefore, I have accumulated several experiences and skills after studying at university tậ p tổ Next, I would like to thank the enthusiastic support of my supervisor Tran Manh Dung, PhD, CPA He has guided me during my internship as well as helped me complete my bachelor's thesis Bá o cá o th ực Finally, I would like to send my gratitude to Vietnam Multimedia Corporation, especially Mr Hoang Le Son, PhD – Chief Accountant of the company The company has given a chance for me to experience working culture in the business as well as apply knowledge to actual accounting job Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly TABLE OF CONTENTS ACKNOWLEDGEMENTS .i STATUTORY DECLARATION .iv ABBREVIATION v LIST OF TABLES vi LIST OF FIGURES vii ABSTRACT .1 CHAPTER 1: INTRODUCTION .2 p 1.1 The Rationale of the Thesis .2 hợ 1.2 Research Objectives ng 1.3 Research Methodology tổ 1.4 Research Scope tậ p CHAPTER 2: THEORETICAL FRAMEWORK OF ACCOUNTING FOR TANGIBLE FIXED ASSETS AND ITS DEPRECIATION ực 2.1 Tangible Fixed Assets and Its Depreciation th 2.1.1 Definition of Tangible Fixed Assets and Its Depreciation cá o 2.1.2 Characteristics of Tangible Fixed Assets .9 2.1.3 Management of Tangible Fixed Assets .15 Bá o 2.2 Accounting for Tangible Fixed Assets and Its Depreciation 15 2.2.1 Accounting for Tangible Fixed Assets 15 2.2.2 Accounting for Depreciation of Tangible Fixed Assets .23 CHAPTER 3: THE CURRENT SITUATIONS OF ACCOUNTING FOR TANGIBLE FIXED ASSETS AND ITS DEPRECIATION AT VIETNAM MULTIMEDIA CORPORATION 29 3.1 Overview of Vietnam Multimedia Corporation .29 3.1.1 History and Development 29 3.1.2 Business Operation and Organizational Structure .31 3.1.3 Financial Position and Operational Results .32 3.1.4 Accounting Department Structure and Accounting System .35 Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 3.2 Characteristics and Management of Tangible Fixed Assets at Vietnam Multimedia Corporation 41 3.2.1 Characteristics of Tangible Fixed Assets 41 3.2.2 Fluctuation of Tangible Fixed Assets 45 3.2.3 Management of Tangible Fixed Assets .48 3.3 Current Situation of Accounting for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation .51 3.3.1 Detailed Accounting for Tangible Fixed Assets 52 3.3.2 General Accounting for Tangible Fixed Assets 75 hợ p CHAPTER 4: DISCUSSION AND RECOMMENDATIONS FOR IMPROVING ACCOUNTING FOR TANGIBLE FIXED ASSETS AND ITS DEPRECIATION AT VIETNAM MULTIMEDIA CORPORATION 85 tổ ng 4.1 Remarks on Current Situation of Accounting for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation 85 p 4.1.1 Advantages of Accounting for Tangible Fixed Assets and Its Depreciation85 ực tậ 4.1.2 Disadvantages of Accounting for Tangible Fixed Assets and Its Depreciation 89 o th 4.2 Suggestions for Improving Accounting for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation 91 cá 4.2.1 Implementation of Legal Provisions 91 Bá o 4.2.2 Management and Use of Tangible Fixed Assets 92 4.2.3 Accounting for Tangible Fixed Assets and Its Depreciation .94 CONCLUSION 97 REFERENCES 98 APPENDIXES Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly STATUTORY DECLARATION I herewith formally declare that I myself have written the submitted Bachelor’s Thesis independently I did not use any outside support except for the quoted literature and other sources mentioned at the end of this paper Bá o cá o th ực tậ p tổ ng hợ p Hanoi, 01/06/2016 Signature Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly ABBREVIATION Account Cr Credit Dr Debit FPD Finance and Planning Department IAS International Accounting Standards MIC Ministry of Information and Communications MoF Ministry of Finance ODA Official Development Assistance VAS Vietnamese Accounting Standard VAT Value Added Tax VND Vietnam Dong VTC Corporation Vietnam Multimedia Corporation Bá o cá o th ực tậ p tổ ng hợ p Acc Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly LIST OF TABLES Bá o cá o th ực tậ p tổ ng hợ p Table 2.1: Adjustment Coefficient for the Calculation of Adjusted Reducing Balance Method 25 Table 3.1: Financial Position of VTC Corporation Through Years 33 Table 3.2: Operational Results of VTC Corporation Through Years 34 Table 3.3: List of Some Tangible Fixed Assets of VTC Corporation .42 Table 3.4: Summary Table of Some Tangible Fixed Assets of VTC Corporation in 2015 44 Table 4.1: Classification of Tangible Fixed Assets According to Situation of Use 93 Table 4.2: Summary Table of Fixed Assets 95 Table 4.3: Fixed Asset Detailed Book in Each Department 96 Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly LIST OF FIGURES Bá o cá o th ực tậ p tổ ng hợ p Figure 1.1: Secondary Data Collection .4 Figure 1.2: Primary Data Collection Figure 2.1: Accounting for Increase in Tangible Fixed Assets by Purchase .19 Figure 2.2: Accounting for Decrease in Tangible Fixed Assets by Liquidation, Sale 22 Figure 2.3: Accounting for Depreciation of Fixed Assets 28 Figure 3.1: Organizational Structure of VTC Corporation 32 Figure 3.2: Accounting Department Structure at VTC Corporation 36 Figure 3.3: Recording Process of Computerized Accounting Form 40 Figure 3.4: Procurement Process of Tangible Fixed Assets at Vietnam Multimedia Corporation 50 Figure 3.5: Quotation of Sieu Thanh Corporation 54 Figure 3.6: Proposal for Purchase Photocopier 55 Figure 3.7: Sales Contract for Purchase Office Equipment .56 Figure 3.8: VAT Invoice 59 Figure 3.9: Minutes of Hand-over and Inspection 60 Figure 3.10: Proposal of Liquidating Fixed Assets 62 Figure 3.11: Decision of Fixed Assets Liquidation 63 Figure 3.12: Minutes of Fixed Assets Liquidation 64 Figure 3.13: Invoice 65 Figure 3.14: Minutes of Liquidated Fixed Assets Hand-over 66 Figure 3.15: Fixed Asset Card (Photocopier Ricoh MP3053) 67 Figure 3.16: Fixed Asset Book (Photocopier Ricoh MP3053) 68 Figure 3.17: Fixed Asset Detailed Book (Photocopier Ricoh MP3053) 69 Figure 3.18: Summary Table of Fixed Assets (Photocopier Ricoh MP3053) 70 Figure 3.19: Fixed Asset Card (Broadcasting Column) 71 Figure 3.20: Fixed Asset Book (Broadcasting Column) 72 Figure 3.21: Fixed Asset Detailed Book (Broadcasting Column) .73 Figure 3.22: Summary Table of Fixed Asset (Broadcasting Column) 74 Figure 3.23: General Journal 76 Figure 3.24: Ledger (Account 211) 77 Figure 3.25: Depreciation Allocation Table 80 Figure 3.26: Depreciation Detailed Book 81 Figure 3.27: Ledger (Account 214) 83 Figure 4.1: Asset Management on BRAVO Software 87 Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly ABSTRACT p Internship is a period that helps students have an opportunity to approach directly to businesses In addition to learning the knowledge in the university, students need to apply that knowledge in fact Therefore, internship helps students reinforce their knowledge learned in the university and practice their skills to prepare for their job in the future Internship is very important for every majors, especially for accounting In order to complete my internship, I choose a business in the field of service – Vietnam Multimedia Corporation After learning and practicing at the company, I had accumulated many basic and actual skills about corporate culture as well as accounting profession in business environment tậ  CHAPTER 1: Introduction p tổ ng hợ This bachelor's thesis was also the result I achieved after internship period at the company I have chosen the topic "Accounting Improvement for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation" for my research The thesis includes four main and important contents that are presented as follows: th ực  CHAPTER 2: Theoretical Framework of Accounting for Tangible Fixed Assets and Its Depreciation cá o  CHAPTER 3: The Current Situations of Accounting for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation Bá o  CHAPTER 4: Discussion and Recommendations for Improving Accounting for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation Each chapter will provide in details about specific contents such as the rationale of the thesis, theoretical framework of accounting for tangible fixed assets, the current situations at the company about accounting for tangible fixed assets Finally, it is my analysis and personal recommendations about improving accounting for tangible fixed assets at Vietnam Multimedia Corporation Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly CHAPTER 1: INTRODUCTION Bá o cá o th ực tậ p tổ ng hợ p 1.1 The Rationale of the Thesis Fixed assets play a key part in a company for running businesses They are considered as essential facilities in production and business activities Therefore, fixed assets contribute to the increase of labor productivity and the development of the economy For instance, from the micro perspective, machinery and manufacturing process are factors which determine the scale and production capacity of enterprises From macro perspective, they are the basis to evaluate the robustness of infrastructure and facilities of the whole economy The improvement, innovation and effective use of fixed assets are decisive factors in the survival and development of enterprises and the economy Fixed assets as well as the accounting for fixed assets are major concerns of businesses and managers Fixed assets have a big value and a long turnaround times As a result, we need a good organization of the accounting for fixed assets to track the fluctuation of fixed assets, improve efficient use, and maximize profitability as well as firm value Fixed assets must go through many business cycles to fully complete a rotation of the initial capital Thus, the accounting for fixed assets is an essential task It is a part in business strategy of the enterprise which helps managers to manage the initial capital And then, they can find reasonable operating measures and set the correct direction to improve the efficiency of production and business processes as well as affirm the company's position on the market Nowadays, along with the development of science and technology, fixed assets are equipped more and more modern into the businesses Since then, we need to manage strictly them in terms of value and artifacts In terms of artifacts, we have to monitor the preservation and use of fixed assets to control the quantity and current status In terms of value, we have to track the costs, depreciation, and residual value of fixed assets Derived from the reasons mentioned above, and along with the guidance of my supervisor Tran Manh Dung, PhD, CPA during my internship, I have chosen the theme "Accounting Improvement for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation" Tangible fixed assets contribute to improving labor productivity In the market economy, tangible fixed asset is an important factor to create competitiveness for businesses Therefore, in my research, I focus only on tangible fixed assets and the accounting for tangible fixed assets with the case study of Vietnam Multimedia Corporation Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 92 4.1.2.2 Management and Use of Tangible Fixed Assets Purchase of tangible fixed assets: Some tangible fixed assets are purchased, but the company has not used them immediately The company stored these assets in warehouses Tangible fixed assets are acquired, but they are not used for production and business activities at that time such as office equipment Such procurement is inappropriate Therefore, it affects to the company's capital (loss of capital) Liquidation of tangible fixed assets: tậ p tổ ng hợ p The liquidation of tangible fixed assets is still slow For example, it was the liquidation of broadcasting column located in Lac Trung - Hanoi in 2015 The broadcasting column was damaged by storm on June, 13rd, 2015 It could not be used anymore However, the liquidation for this broadcasting column was completed in September In addition to the main accounting documentation and vouchers that mentioned in part 3.3.1.2, there are many other related documents This liquidation needed a lot of procedures Therefore, it affects to the accounting for tangible fixed assets ực Classification of tangible fixed assets: cá o th Tangible fixed assets of VTC Corporation comprise four main types according to specification such as housing and structures, machinery and equipment, means of transportation and equipment and management tools Bá o + Housing and structures include: construction work - housing, office building, and others + Machinery and equipment include: host system and network equipment, modulator, broadcasting column, and others + Means of transportation include: cars, electrical system, and others + Equipment and management tools include: television, air conditioner, projector, photocopier, and others According to forming sources, the company has tangible fixed assets formed from own capital and tangible fixed assets formed from borrowing capital Therefore, tangible fixed assets in the company are only classified according to specification and forming sources That classification is not enough It can cause difficulties in the management of tangible fixed assets in the company For Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 93 instance, the company will not track how many assets served for business activities, and how many assets served for other activities 4.1.2.3 Accounting for Tangible Fixed Assets and Its Depreciation Look back to Figure 3.24 - Ledger (Account 211), it can be seen that the Page column and Line column in General journal were not filled Therefore, the tracking and collation about fluctuations of tangible fixed assets will be difficult In the summary table of fixed assets, the Order column (or "No." column) should be on the left of the table or located before the Code column It is only the small change, but it becomes more and more convenient to track and find out the assets p tổ ng hợ p The company needs to focus more on the management of tangible fixed assets in each department Therefore, besides accounting documents such as fixed asset book, fixed asset card, fixed asset detailed book, summary table of fixed assets, general journal and ledger, VTC Corporation needs to create some other accounting books for better management ực tậ 4.2 Suggestions for Improving Accounting for Tangible Fixed Assets and Its Depreciation at Vietnam Multimedia Corporation Bá o cá o th 4.2.1 Implementation of Legal Provisions The company continues to comply with the current regulations on the management and use as well as the accounting for tangible fixed assets and its depreciation VTC Corporation needs to complete the update for accounting software accordance with legal regulation According to Circular No 200, the company can design it own form for accounting books that is still accordance with the regulation Therefore, to make the record efficiently, the company can design the form that is suitable for accounting work in general and accounting for tangible fixed assets in particular Furthermore, VTC Corporation needs to update officially in writing document about the regulation on purchase, management and use of assets and equipment in the company (Issued with Decision No 641/QĐVTC on August, 29th, 2012 by the General Director of Vietnam Multimedia Corporation) Annually, the company has to prepare the report for tangible fixed assets status to manage and use the assets effectively Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 94 4.2.2 Management and Use of Tangible Fixed Assets Procurement of tangible fixed assets: For purchased tangible fixed assets that have not been used or may not be used in the future, VTC Corporation should conduct the liquidation to recover capital Before purchasing any tangible fixed assets, the company needs to prepare the specific plan and approve this plan rigorously Investment and procurement plans should be based on the actual situation of the company and the needs of each department Acquired tangible fixed assets should be put into use immediately to create profit for the company As a result, the use of such assets will generate future cash flow for the company hợ p Liquidation of tangible fixed assets: Bá o cá o th ực tậ p tổ ng With tangible fixed assets which is seriously damaged and can not be used anymore or with the other one which have been fully depreciated, the company needs to conduct the evaluation and then liquidate the assets timely As a result, the company can use effectively tangible fixed assets and avoid using old assets VTC Corporation concentrates on three main business sectors such as: (i) Information Technology and Digital Content; (ii) Television; (iii) Telecommunication The company mainly focuses on Digital Content service Therefore, Technology and Infrastructure are important factors that promote the development of Digital Content service Currently, the modern technology develops rapidly Hence, with the business sector of Digital Content service, VTC Corporation needs to constantly innovate, especially innovation for tangible fixed assets that play a key role in a company for running businesses With tangible fixed assets which were obsolete (For instance, some televisions were acquired and used from 2010), the company should conduct inspection, assessment and liquidation These assets were old and brought low efficiency Instead, the company should purchase new and modern tangible fixed assets to improve the quality and efficiency of business Classification of tangible fixed assets: Tangible fixed assets are only classified according to specification and forming sources Therefore, to make the effective management and use of tangible fixed assets, the company can classify the assets in other way such as classification according to situation of use Tangible fixed assets can be classified into five types as follows: Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 95 + Tangible fixed assets used for production and business; + Tangible fixed assets used for capital construction; + Tangible fixed assets used for welfare; + Tangible fixed assets used for non-business activities; + Tangible fixed assets awaited for processing p This classification helps company manage effectively the usage of tangible fixed assets The company can track how many assets served for business activities, and how many assets served for other activities Therefore, the company finds measures to improve the efficiency of tangible fixed assets Historical cost Tangible fixed assets used for capital construction Residual value Bá o cá o th ực Tangible fixed assets used for production and business Depreciation p tổ Type of assets tậ No ng hợ Table 4.6: Classification of Tangible Fixed Assets According to Situation of Use Tangible fixed assets used for welfare Tangible fixed assets used for non-business activities Tangible fixed assets awaited for processing Total Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 96 4.2.3 Accounting for Tangible Fixed Assets and Its Depreciation In the Ledger (Account 211), the Page column and Line column in General journal were not filled Therefore, the accountant should complete this two columns to make the tracking and collation about fluctuations of tangible fixed assets effective and convenient The Order column (or "No." column) should be on the left or located before the Code column in the summary table of fixed assets Table 4.2 is the form of summary table of fixed assets which has been changed and the company should apply It will be convenient to track and find out the large amount of assets Bá o cá o th ực tậ p tổ ng hợ p As mentioned before, VTC Corporation uses the Bravo copyrighted software of BRAVO Software Joint Stock Company “Bravo is the flexible system and easy for adjustment It was flexibly designed with 3-layers-architect, easy to adjust in accordance with company’s requirement In addition, the flexible structure enables to spread the modules of program as well as connect to other software.” Along with this features of the accounting software, for the management of tangible fixed assets used in each department, the company should have fixed asset detailed book in each department It will help company manage and track the fluctuation of assets closely and efficiently Table 4.3 is the form of fixed asset detailed book in each department Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 97 Table 4.7: Summary Table of Fixed Assets Vietnam Multimedia Corporation 67B Ham Long, Hang Bai Ward, Hoan Kiem District, Hanoi SUMMARY TABLE OF FIXED ASSETS hợ p Year …… Depreciation start date Number of month for depreciation Beginning ng Unit Historical cost Accumulated depreciation tổ Name of tangible fixed assets Residual value Depreciation during the period Ending Historical cost Accumulated depreciation Residual value o cá o th ự c tậ p Code Bá No Date……… /……… /……… Prepared by Chief Accountant (sign, full name) (sign, full name) Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 98 Table 4.8: Fixed Asset Detailed Book in Each Department Vietnam Multimedia Corporation hợ p 67B Ham Long, Hang Bai Ward, Hoan Kiem District, Hanoi ng FIXED ASSET DETAILED BOOK IN EACH DEPARTMENT tổ Year……… Date A B Quantity C D tậ Unit Record the decrease of fixed assets Unit price Total 3=1x2 Voucher No Date E F Quantity Total Note G Bá Total o cá o No Description th ự Voucher c Record the increase of fixed assets p Department…………………… Prepared by (sign, full name) Supervisor: Tran Manh Dung, PhD, CPA Date……… /……… /……… Chief Accountant (sign, full name) Student: Mai Dieu Ly 99 CONCLUSION hợ p Tangible fixed assets as well as the accounting for tangible fixed assets are major concerns of businesses and managers because of the importance of the assets with the business activities Through this research about accounting for tangible fixed assets and its depreciation at Vietnam Multimedia Corporation, I understand more and more about the characteristics and management of fixed assets as well as the accounting work for tangible fixed assets at the company Accounting department structure and accounting system at the company are operated effectively That is illustrated in the structure, function and roles of each department in the Finance and Planning Department It is the reasonable structure because of clear duties for each department and close connection among them o cá o th ực tậ p tổ ng Tangible fixed assets at VTC Corporation are managed and tracked in good way The accounting for tangible fixed assets and its depreciation in general is conducted well accordance with the legal regulations It is shown in several advantages in human resources of accounting department, the implementation of legal provisions, accounting software used, accounts applied, and others However, it also has some disadvantages in accounting for tangible fixed assets at the company, especially the update for the change of legal regulations With the good management and the recommendations suggested above, VTC Corporation will improve more and more in accounting for tangible fixed assets and its depreciation Bá Once again, I would like to send my gratitude to Mr Tran Manh Dung, PhD, CPA – my supervisor (who helps me to complete my internship and this bachelor's thesis) and Mr Hoang Le Son, PhD – Chief Accountant of Vietnam Multimedia Corporation (who directly supports me in this internship at the company) Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly 100 REFERENCES Vietnamese: ực tậ p tổ ng hợ p Nguyễn Năng Phúc (2013), Phân tích báo cáo tài chính, Nhà Xuất Đại học Kinh tế Quốc dân, Hà Nội Phạm Quang (2013), Giáo trình Kế tốn tài doanh nghiệp, Nhà Xuất Đại học Kinh tế Quốc dân, Hà Nội Phạm Quang (2013), Bài tập Kế tốn tài doanh nghiệp, Nhà Xuất Đại học Kinh tế Quốc dân, Hà Nội Bộ Tài (2001), Quyết định số 149/2001/QĐ-BTC việc ban hành công bố bốn (04) Chuẩn mực kế toán Việt Nam (Đợt 1), ban hành ngày 31 tháng 12 năm 2001 Bộ Tài (2013), Thơng tư số 45/2013/TT-BTC việc hướng dẫn chế độ quản lý, sử dụng trích khấu hao tài sản cố định, ban hành ngày 25 tháng năm 2013 Bộ Tài (2014), Thơng tư số 200/2014/TT-BTC việc hướng dẫn chế độ kế toán doanh nghiệp, ban hành ngày 22 tháng 12 năm 2014 English: Bá o cá o th Timothy Doupnik (2014), International Accounting, Mc Graw Hill Education Charles H Gibson (2013), Financial Reporting & Analysis, South-Western Cengage Learning Donald E Kieso (2014), Intermediate Accounting, John Wiley & Sons, Inc 10 Paul D Kimmel (2013), Financial Accounting, John Wiley & Sons, Inc 11 Vernon J Richardson (2013), Accounting Information Systems, Mc Graw Hill Education Website: 12 International Accounting Standards Board (2011), IAS 16 - Property, Plant and Equipment, IAS Plus, Deloitte Address: http://www.iasplus.com/en/standards/ias/ias16 (accessed on: 31/05/2016) 13 Vietnam Multimedia Corporation (2016), Financial Statements, Published Information, VTC Corporation Aggregated Information Site Address: http://vtc.org.vn/thong-tin-cong-bo-post.htm (accessed on: 31/05/2016) Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly p hợ Bá o cá o th ực tậ p tổ ng APPENDIXES Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly APPENDIX No.1: Table of Increase and Decrease of Tangible Fixed Assets in 2015 at VTC Corporation Housing and structures (VND) Items Equipment and management tools (VND) Machinery and equipment (VND) Total (VND) 732,184,753,001 1,983,036,274 21,975,834,158 1,012,469,325,790 Increase - 5,194,389,020 1,009,739,126 2,268,501,460 8,472,629,606 Liquidation and sale - (259,748,103) (3,228,025) - (262,976,128) 256,325,702,357 737,119,393,918 2,989,547,375 24,244,335,618 1,020,678,979,268 Beginning balance 9,681,562,894 18,530,798,092 1,055,345,042 6,953,674,138 36,221,380,166 Depreciation value 5,592,169,720 8,801,115,362 254,264,262 212,652,830 14,860,202,174 (192,120,021) (3,228,025) - (195,348,046) 27,139,793,433 1,306,381,279 7,166,326,968 50,886,234,294 - th ự Bá o 15,273,732,614 cá o Liquidation and sale c Accumulated depreciation Ending balance tổ p Ending balance ng 256,325,702,357 tậ Beginning balance hợ p Historical cost Means of transportation (VND) Residual value Beginning balance 246,644,139,463 713,653,954,909 927,691,232 15,022,160,020 976,247,945,624 Ending balance 241,051,969,743 709,979,600,485 1,683,166,096 17,078,008,650 969,792,744,974 (Sourse: http://vtc.org.vn/thong-tin-cong-bo-post.htm - Financial Statements of VTC Corporation) Supervisor: Tran Manh Dung, PhD, CPA Student: Mai Dieu Ly APPENDIX No.2: Minutes of Installation and Inspection of Tangible Fixed Assets (Form 1/BM-QLTS) 1/BM-QLTS MINUTES OF INSTALLATION AND INSPECTION OF TANGIBLE FIXED ASSETS Today,…… /….… /20……, two parties include: Party A (The assigner):………………………………………….………………………… Company’s name:………………………………………………………………… Address:…………………………………………………………………………………… Telephone number:………………………………………………………………………… p By Mr (Mrs.):…………………………… Position:…….………… as representative hợ Party B (The assignee):………………………………………………………………… ng Company’s name:………………………………………………………………… tổ Office address:…………………………………………………………………… p Telephone number:………………………… Fax:……………………………………… tậ Account:………………………………………………………………………… ực Tax code:………………………………………………………………………………… th Receiver:………………………………….Department:………………………………… I cá o Two parties agreed to sign the Minutes of Installation and Inspection of Tangible Fixed Assets, as follows: INSTALLATION – HANDOVER: Bá o Assets, equipment: No Equipment Description Quantity Current status Accessories … …… …… ……… ………… ……… Enclosed services: - Warranty period:………………………………………………………………………… - Enclosed manuals: Yes…………No………… - Manuals for:……………………………Department:…………………………………… II INSPECTION: Inspection period:………………………………………………………………………… Notes (Opinion of two parties):…………………………………………………………… Party A (sign, full name) Supervisor: Tran Manh Dung, PhD, CPA Party B (sign, full name) User (sign, full name) Student: Mai Dieu Ly APPENDIX No.3: Minutes of Hand-over of Tangible Fixed Assets (Form 2/BM-QLTS) 2/BM-QLTS MINUTES OF HAND-OVER OF TANGIBLE FIXED ASSETS Based on Decision No …………… …Today,………./…………./20……… Assigner:……………………………….……….Position……….…………… Assignee:……………………………………… Position……………………… ………… ………… Historical cost ……… …………… ……………… tổ … Current status ng Equipment Description Quantity p No hợ p Assigning content: Confirmation about hand-over of assets and equipment as follows: ực tậ Enclosed accessories: Accessories’ name Unit Quantity Value … …………………… ………… ………… …………… o Manuals: cá o th No Bá The assigner guided fully how to use the assets and equipment The assignee had no idea Enclosed manuals: Yes……………… …………No………………………… Notes: …………………………………………………………………………………… …………………………………………………………………………………… …………………………………………………………………………………… …………………………………………………………………………………… Assigner (sign, full name) Supervisor: Tran Manh Dung, PhD, CPA Assignee (sign, full name) Student: Mai Dieu Ly CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc lập - Tự - Hạnh phúc XÁC NHẬN CỦA GIÁO VIÊN HƯỚNG DẪN Kính gửi: Trung tâm đào tạo Tiên tiến, Chất lượng cao POHE Họ tên GVHD:………………………………………………………………………… Đơn vị công tác: ……………………………………………………………………… p Xác nhận: hợ Sinh viên:……………………………………………………………………………… ng Lớp:……………………………………………………………………………………… tổ Đã thực tập tốt nghiệp thời gian từ:……………………đến……………… p Về tinh thần, ý thức, thái độ:…………………………………………………………… tậ ………………………………………………………………………………………… ực th Về trình độ, lực học tập nghiên cứu:…………………………………………… o ………………………………………………………………………………………… Bá o cá ………………………………………………………………………………………… Hà Nội, ngày…….tháng.……năm 2016 Giáo viên hướng dẫn (Họ tên, chữ ký) TRƯỜNG ĐẠI HỌC KINH TẾ QUỐC DÂN TRUNG TÂM ĐÀO TẠO TIÊN TIẾN, CHẤT LƯỢNG CAO VÀ POHE NHẬT KÝ THỰC TẬP Họ tên sinh viên: Mã số SV: Chuyên ngành: Lớp: Chương trình Tiên tiến Khóa: Giảng viên hướng dẫn: p Cơ quan thực tập: ng NỘI DUNG THỰC TẬP tổ THỜI GIAN p STT hợ Địa quan thực tập: ực tậ o cá Bá o th XÁC NHẬN CỦA GVHD