Báo cáo thực tập tiếng anh INTERNSHIP COMPANYINSTITUTION PVcomBank

In-depth analysis: organization of accounting in pvcombank 2.2.1 The organization of the accounting In PVcomBank, Finance and Accounting Division are under the supervision and management

GRADUATE INTERNSHIP REPORT

INTERNSHIP COMPANY/INSTITUTION: PVcomBank

Address: 22 Ngo Quyen Street, Hoan Kiem District, Hanoi.

Supervisor: Mr Pham Duc CuongStudent’s full name: Le Ngoc DungStudent’s ID: 11071225

Major: International BusinessClass: IB2012B

Hanoi, 10 March,2016

The Graduation Internship Report is an important part in my five-year course atuniversity In the implementation of my report, I have received a lot of kindassistance and professional support from many people who helped me accomplishthis study It is a pleasure to convey my deepest gratitude to them

First of all, I would like to express my deepest thank to the leadership ofPVcomBANK and staff of the faculties who have wholeheartedly created goodconditions for me to have a professional internship position Without their help, Icould not have become I am today Especially, I would like to thank all members inVietnam Mass Joint Stock Commercial Bank - PVcomBank as well as coworkers inall departments who have completely supported me during my internship time at thecompany

Secondly, I would like to send my deep and sincere gratitude to Mr Pham DucCuong – my advisor for his wide knowledge, valuable supervision, heartfeltguidance and enthusiasm that provided a good basis for the report He is the personwho made clear my confusion of initial ideas, step by step guiding me during mywriting the report I own him a debt of gratitude that cannot be measured

Thirdly, I should also express my thanks to my family and my friends for theirsupport, encouragement and patience during the implementation period of thisinternship report

Although I have made careful researches about the topic, mistakes may appearhere and there through this report Therefore, I am looking forward to receivingcomments from all my teachers and friends

I sincerely thank you!

Hanoi, March 10, 2016 Student

Le Ngoc Dung

TABLE OF CONTENT.

CHAPTER 1: The overview of pvcombank

1.1. Establishment History

1.2. Functions, tasks and organizational structure

1.3. The structure of the management apparatus of the Vietnam Mass Joint Stock

Commercial Bank

1.4. Operation Resulf in period of 2013 -2015

CHAPTER 2: Business Production Operation Of Pvcombank

2.1 Overview of business production operations

2.2 In-depth analysis: organization of accounting in pvcombank

2.3 Reality review accounting organizations working in stock commercial bank public vietnam

CHAPTER 3: Details of internship

CHAPTER 1: THE OVERVIEW OF PVCOMBANK

1.1 Establishment History

 Being established under Decision No 279 / GP-NHNN dated 09/16/2013 of the State Bank of Vietnam on the basis of consolidated Financial CorporationShares Petro Vietnam (PVFC) and Joint Stock Commercial Bank for the West (Western Bank - WTB)

 Vietnam Petroleum Finance corporation has precursor of Petroleum FinanceCompany - is a member of 100% state capital of the National Oil and Gas Group of Vietnam

 PVC officially put into operation in the form of company shares from March

18, 2008

 PVcomBank has total assets reached nearly 100,000 billions VND, 108 outlets in the major cities across the country, high- quality human resources, diverse products and services

 Company's name:

• Vietnamese Full name: Vietnam Mass Joint Stock Commercial Bank

• The name in English: Vietnam Public Bank

• Short name: PVcomBank

 Address: 22 Ngo Quyen - Hoan Kiem - Hanoi

1.2 Functions, tasks and organizational structure

1.2.1 Functions and duties of VietNam Mass Commercial Joint Stock Bank

 Mobilizing capital:

• Receive term deposits, term deposits, savings deposits and other deposits;

• Issuance of certificates of deposit, bonds, treasury bills and bonds to raise funds in the country and abroad;

• Borrowings from banks, financial institutions in the country and abroad in accordance with law and the guidance of the State Bank of Vietnam

• Opening of deposit accounts, payment accounts abroad under the provisions

of law on foreign exchange;

• Opening accounts for customer payments;

• Providing the means of payment;

• Organizing and participating in payment systems

• Providing payment services: Perform domestic payment services including checks, payment orders, authorizations, collections, entrusted with the collection, letters of credit, bank cards, collection services and payment ;

• Implementing of the international payment services

 Providing credit in the forms:

• Loan;

• Discounting, re-discounting of negotiable instruments and other valuable papers;

• Bank guarantee;

• Guarantees domestic payment, international factoring

 Investing and advicing:

• Contribution of capital to purchase shares under the provisions of law and the guidance of the State Bank of Vietnam;

• Corporate Finance Advisory, consulting purchase, consolidation, merger andinvestment advice;

• Buying and selling government bonds, corporate bonds

1.2.2 Characteristics of customers:

Customers have a great influence on the quality of service that is the success factor for business operations of PVcomBank

Customers are classified as follows:

• Large Business Customers: as the Corporate Banking revenue of the

preceding year on 50 million

• Client Enterprise is the small and medium enterprise with the preceding yearrevenue from 01 to 50 million.

• Personal Banking: as individuals, individual business households, micro enterprises had revenue of the preceding year less than 01 million

• Financial Institutions: as financial intermediaries, including credit

institutions, securities companies, insurance companies, fund management companies, investment funds and other forms prescribed by law

• Organization of public finance: as the agencies, units, organizations under Government / non-governmental domestic and international implementation

of public finance activities

1.3 The structure of the management apparatus of the Vietnam Mass Joint

Stock Commercial Bank

 Leadership is responsible for the daily operations of PVcomBank Leadership includes General Director and Deputy General Director and Director of the blocks

 Head of Business Development department includes 7 parts business serves directly at the head

 Business Support Group - Management Division: work and application of information technology; training in order to constantly improve the quality of personnel; market development activities to consider offering new products,

competition in the financial markets; Develop a financial plan, synthetic

records data on accounting, settlement and reporting

 The branch and the member division: including 108 outlets concentrated in theNorth, Central, South and 4 member companies

1.4 operation result in period of 2013 -2015

On investment, the balance of investment securities and long-term

investment capital contribution increased 10 689 billion in 2014 compared to 2013, mainly due to bond investors and investment state bank bills The portfolio structure

is then consolidated banks continue to implement and achieve the transfer value of

934 billion shares worth investment projects

PVcomBank has drastically restructured asset portfolio, particularly the portfolio through the sale of a large stake, payback to the accounting balance sheet and healthy

Figure 1.4: Business operation result in 2013 – 2015 of PVcomBank

competitive advantages and good profitability

 Debt: the number of debt in PvcomBank still maintains at approximately 99 millions VND, it means that the bank always balances every business sector, does not exceed the permitted level

 Bank assets totaled approximately 100 trillion, profits exceeded 5%

compared to shareholders proposed plan, the adequacy ratio were achieved under the provisions and bad debt is controlled in accordance with the

restructuring schedule

Chapter 2: Business production operation of PVcomBank

2.1 Overview of business production operations

2.1.1 Mission and strategy

 Implementing the development strategy of the Bank in accordance with the plan;

 Continuing to improve information technology systems; system stable, healthy development of the Bank, sustainable, better control of risk; promoting deposit mobilization;

 Controling credit growth driven by the SBV; strengthen capital

operation arrangements; focus on training and development of high quality human resources;

 Building the image of a bank close, friendly, motivated because of thesuccess of customers

2.1.2 Business production operations

 Marketing:

PVcomBank has invested and deployed T24 core banking system and large key projects in the process of modernizing the information technology base period 2013-2015 The Bank has operated safely, stable information technology system, responsive to business requirements, support and development of products and services, continue to improve the enhanced stability and improved infrastructure information technology available to create a platform to develop new products, improve the quality of customer service

 Expanding and developing the network:

PVcombank has launched a series of new branches in the provinces of Thai Binh, Nghe An, Quang Ninh, Khanh Hoa, Dong Thap, Long An, Tay Ninh, HCM ,bringing the number of transaction points to 110 points in the bank PVCOM with 28 major provinces of the country Besides, the bank carried out the relocation, optimize network operations, and complete infrastructure

upgrade for many branches across the system It was a bright spot in a year, contributing to the strength of the bank in raising competitiveness in the

acceleration phase of development

 Human resources:

With over 2,000 employees, the bank has issued PVCOM wage policy, to ensure internal equity and competitive with market salaries ground, regular

inspection and recruit people with expertise Remuneration for workers is concerned, guaranteed The training, improve the quality of human resources are focused, the arts and cultural activities and sports are well maintained, creating a friendly working environment, solidarity.

 Investment:

Promoting investment banks government bonds to ensure liquidity and reserve adequacy ratio, always keep abreast of market developments in order to transfer some of the shares profitability to good liquidity, reducing the cost of capital by structuring the investments do not meet profit

expectations

 Services:

PVcombank promote activities card services, electronic banking, investmentand perfect technology support system for business cards Arrange funding for the project of Vietnam Oil and Gas Corporation, actively seeking

partnerships and new projects Improve and develop services that meet customer needs

 Business management:

PVcombank has considered the role of accounting in business management The application of the system of accounting vouchers, accounting account system, the system of accounting books and financial reporting system approved under the accounting system of credit institutions When there is a change, additional accounting system written circulars guidance,

PVcomBank are updated and applied in a timely manner

2.2 In-depth analysis: organization of accounting in pvcombank

2.2.1 The organization of the accounting

In PVcomBank, Finance and Accounting Division are under the supervision and management directly by the Director General Division was formed on the basis of

combining the two Board of Planning and Accounting: Accounting Committee and Planning Committee for a total of over 75 staff across the system, including:

 Head of: 01 comrade

 Vice block: 02 comrades (01 Deputy in charge of planning blocks and Chief Accountant in charge of accounting)

 Parts of the plan: 29 officers

 Accounting Division headquarters: 35 personnel

 Parts of southern accounting: 11 officials

 An accountant number on the system is located at the branch

Models accounting apparatus:

n department

Asset management &

Debtdepartment

General accounting department

Internal accouting department

department

equipment investment

&

management

accounting balance sheet department

capitalizati

on policies department

economic research department

ALCO supporting department

reporting under law department

manageme

nt reporting departmen t

further tests departmen t

business accounting department

budget accounting department

accounting policies supporting department

Duties of each position:

 Director: Response for the overall job Finance and Accounting Division

 Deputy Director in charge of Planning: As the person responsible before Chief for all operations of the array business plan

 Chief Accountant is the person who is responsible to advise and recommend

to the Head / Executive Board on implementation of prescribed rotation, controling, collecting documents; the timeliness, completeness and

truthfulness of the data on the report and has the responsibility to guide the prevention and operational departments, relevant personnel implementing this provision in the unit

• Internal Accounting Department - Head Office

• Budget and Accounting Division

- Implementation of accounting and control of operational revenues and expenditures for management activities arising at the Headquarters;

- Accounting management tracking fixed assets, working tools, assets outsourced;

- Making a payment / advance and monitor internal debt at the office;

- Accounting, monitoring and advising the leaders of the Bank relating to fund distribution of wages, bonus, benefits, union funds;

- Accounting and tax charge related to the procedures of taxation,

accounting controls, tax declarations;

- Controlling costs paid under the approved budget; periodic evaluation report on the implementation of the budget system;

- Participating in the formulation of annual costs;

- Focaling construction budget for the Bank, the division, the units

throughout the system

- Providing data implementation of the Bank budget, the Bloc and the branches in the whole system to the Department of Planning &

Management job results to evaluate the budget plan;

- Participating in drafting and settlement construction works, to make payments under the capital construction plan approved and properly regulated;

- Participating in bid evaluation when the Bank launched a tender related tothe procurement of equipment and assets;

- Leading in coordinating supply data (value) for the liquidation, transfer and inventory of assets as prescribed;

- Cooperating in the control of cash funds or irregular;

- Managing and storage of accounting documents related budgetary

payments incurred at Headquarters;

- Performing other duties assigned by the leadership of the Bank

 Accounting business operations division:

• Accounting general accounting modules (GL) at Head-related

transactions: credit; invest; Interbank; foreign currency trading,

prevention, collection but not on the software automates core;

• Compare the data between records - accounting and revenue - costs to business units as prescribed;

• Coordinate Reference payment deposit balances at credit institutions and debt comparison with the customer;

• Close, save documents as prescribed;

• Control; guide units in the accounting system of business operations;

• Coordinate construction guidelines accounting work;

• Perform other duties assigned by the leadership of the Bank

 General Accounting Department - Head Office:

• Prepare, send, store accounting reports and provides information to accounting data:

• Prepare and submit statistical reports;

• Prepare and submit financial statements of the Bank as stipulated by the State and the Bank;

• Prepare and submit reports capital adequacy ratio minimum solvency ratio, the ratio of short-term deposits for long-term loans;

• Prepare and submit loan classification report;

• Prepare reports and required reserves; Full deposit insurance for banks;

• Prepare reports the information service of the consolidated statements ofPVN;

• Coordinate implementation report which representatives of PVN;

• Perform other reports as required;

 Accounting policies division:

• Building a system of accounting accounts; parameter setting of

accounting in the program, application software in the Bank;

• Constructing documents and guidance mode implemented:

- Based on the provisions of the accounting law, accounting standards and policies and accounting regulations of the State, implementation

of construction, the Board issued the documents, regulations, rules and regulations business process of applying the accounting work in the system

- Direct and guide units in the banking system implementation of policies and regimes, regulations and procedures of accounting work;Resolving problems related to accounting work for the member units

- Proposal, consulted on the mechanisms, policies, regimes and issues concerning accounting work with the State Bank and regulatory bodies in other countries

- Lead in managing and guiding the use of sample prints, vouchers in the banking system

• The inspection, supervision, management accounting system: Checking and supervising the implementation of the policies and regimes,

regulations and procedures of accounting work at the units in the banking system

• Participation in the work of scientific research on the work of accounting and technology applications in the accounting operations.

• Performent other duties assigned by the leadership of the Bank

 Management report division:

• Integrated Revenue - Cost - Profit of the units in the entire system under management needs of each period: by geography; by function; by

• Controling the daily data of the branches and the whole system;

• Performing other duties assigned by the leadership of the Bank

 Post review division:

• To guide and coordinate the construction of the units, organizations post audits documents daily

• To control completeness of the documentation of all transactions to ensure compliance with the internal regulations of the Bank and in

accordance with the regulations of the State Bank of Vietnam;

• To control the flow of documents and receipts of archive documents is guaranteed safe storage, full;

• To integrat assessment and reporting on the post-test results and provide consolidated reports results monthly post-inspection documents sent to the Chief Accountant, and Bloc Leader Bank Board of Directors;

• To perform other duties assigned by the Bank Leadership

2.2.2 Organizations applying accounting voucher system

2.2.2.1 Establish original vouchers

Original documents are considered as original documents Accountingbased on original documents, can be bill, the payment profile, ex-

warehousing and warehousing collateral, statements, remittance proposal of business departments to accounting Accountant accounting bills, the

documents reflect the economic and financial transactions arising have been recorded in accounting books Accountants must perform checks the validityand legality of the documents and economic transactions with the regime before making entering data into your computer Documents used in

accounting at PVcomBank are valuable papers to legally conduct

transactions up to the stage from the formulation and storage controls, organizations must ensure proper preservation mode

 Accounting vouchers include:

• Cash Vouchers: receipts, payment bills, checks, paper deposit,

withdrawal, remittance bills, paper money field,

• Vouchers transfer: payment order, collection, checks, letters of credit,

a written request to transfer money

• A list of categories: a declaration of checks, interest lists, lists of currency fields, lists the types of deposits

• Money order used in electronic funds transfer, foreign currency requirements

• The accounting documents and vouchers assets off balance sheet (assets bill, import bill of assets)

2.2.2.2 Control documents

Each warrant accounting is tested and must be approved before being added to the system Once updated, any error detection can not be deleted, ifyou want to edit to make adjustments

In organizations voucher system and the original records, control procedures are carried out as follows:

First, control approval for the business operations of the Bank: has complied with the implementation of accounting documents approved under