Theoretical side: Systematizing and improving the theory of organizing accounting work in enterprises in generally, in enterprises operating under the model of parent company - subsidiary in particularly.
1 MINISTRY OF EDUCATION AND TRAINING VIETNAM UNIVERSITY OF COMMERCE nguyEn thu hUOng COMPLETING THE ORGANIZATION OF ACCOUNTING WORK AT ENTERPRISES OPERATING UNDER THE MODEL OF PARENT COMPANY - SUBSIDIARY OF THE MINISTRY OF DEFENSE Major : Accounting Code : 62 34 03 01 SUMMARY OF DOCTORAL THESIS in economics Ha noi - 2016 The research is completed at Vietnam University of Commerce Research instructors: Assoc.Prof Dr Doan Van Anh Assoc.Prof Dr Nguyen Thi Mui Counter-argument 1: Counter-argument 2: Counter-argument 3: The thesis is defended by Thesis Council ay University level, convened at Vietnam Unviversity of Commerce At , dated on / / 2016 The thesis could be studied at National Library and Library of Vietnam University of Commerce PREAMBLE 1. Urgency of research topic In the intergration trend and under the strong impact of productive forces’ developing process, enterprises operate as parent company subsidiary have been being established and grown stronger by their inherent advantages. In Vietnam, the basis to form the model of "parent company subsidiary" started from the early 1990s with the establishment of 90 corporation and 91 corporation. The establishment of parent companies subsidiaries under the Ministry of Defense (MOD). From the theoretical basis and practice, the author chooses the thesis: "Completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense" to be the doctoral thesis in economics 2. Research overview * In the world Some researches in the world Some characteristics of organization of accounting apparatus modeled as parent company subsidiary in most countries in the world Regarding to the content of consolidated financial statement system (CFS) according to international practice and most countries over the world such as UK, US, Australia, France, Japan … CFS includes 05 main statements: Consolidated balance sheet; Consolidated income statement; Consolidated cash flow statement; Equity volatility statement; Note to CFS Generally the principles, procedures and process of financial statement (FS) are complied with regulations of the Commission of international accounting standard. * In Vietnam Some typical researches. However, there is no project specifically and comprehensively researches, analyzes about the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense Therefore, the thesis “Completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense " is the scientific work which is valuable on both theory and practice, and highly applicable specially for army enterprises in peacetime who has two strategic tasks: to develop the economic, build up and defend the country 3. Research objectives of the thesis Theoretical side: Systematizing and improving the theory of organizing accounting work in enterprises in generally, in enterprises operating under the model of parent company subsidiary in particularly Practical side: Researching, annalyzing, evaluating the situation of organizing accounting work, on that basis to propose the solutions to complete the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense 4. Objects and scope of the research 4.1. Objects of the research Objects of the research are theoretical and practical issues about the organization of accounting work at enterprises operating as parent company subsidiary 4.2. Scope of the research Space of the research: Researching the organization of accounting work at enterprises operating under the model of parent company subsidiary of the MOD including 1 economic group (there are 02 Corporations operating as parent company subsidiary under the group), 13 Corporations. Time of the research: Surveying, researching the data of organizing accounting work at enterprises operating as parent company subsidiary of the MOD since 2010. Content of the research: The thesis researches on the organization of financial accounting work at enterprises operating under the model of parent company subsidiary of the MOD in order to supply the information for making and presenting CFS, the thesis mentions making and presenting the segment report. 5. Research methods 5.1. Database Primary data: The survey is designed into 2 kinds: + The survey on actual situation of the organization of accounting work in parent company: + The survey on actual situation of the organization of accounting work in subsidiaries and members: Secondary data: (1) Based on the data of actual situation of the organization of accounting work at enterprises operating as parent company subsidiary under the MOD supplied by the unit and the General Department of Economics Technique under the MOD (2) Summary of previous studies (3) Referring to analyses, comments of specialists on press and media 5.2. Research methods The thesis uses qualitative method with the following content: document research, actual situation research by practical methods including: method of document research, observation method, interview method and investigation method 6. New contributions of the research Theoretical side: The thesis generically, systematically presents and improves the general theories on the organization of accounting work at enterprises operating as parent company subsidiary Practical side: + The research clearly indicates factors influencing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the MOD + Practical surveying, reflecting and evaluating the actual situation then find out strengths and limitations of the organization of accounting work at enterprises operating under the model of parent company subsidiary of the MOD. + From the limitations of the organization of accounting work at enterprises operating under the model of parent company subsidiary of the MOD combining with development oriented research of enterprises operating under the model of parent company subsidiary of the MOD to become the basis for completing solutions Practical applicability: The thesis proposes solutions to complete the organization of accounting work matching with characteristic of the organization of apparatus management, the organization of business activities of enterprises operating under the model of parent company subsidiary of the MOD 7. Structure of the thesis Except preamble, conclusion, list of references and appendix, the thesis is structured into 3 chapters Chapter 1: Basic theory on the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense Chapter 2: Actual situation of the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense Chapter 3: Completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense Chapter 1 BASIC THEORY ON THE ORGANIZATION OF ACCOUNTING WORK OPERATING UNDER THE MODEL OF PARENT COMPANY SUBSIDIARY 1.1 Overview about enterprises operating under the model of parent company subsidiary 1.1.1. Concept of model parent company subsidiary "Parent company subsidiary" usually refers to a combination or a group of companies relating to each other for capital, independent on legal and under the commonly unify control of the company holding the power to govern (parent company) In legal science as well as economic science now there is definition which is quite clear about “parent company” and “subsidiary” According to the interpretation of international accounting standards IAS. According to UK company Act in 1985 Definition of parent company, subsidiary in Russia According to Australia company Act According to Malaysia company Act. Commercial law in Japan According to Black’s Law Dictionary According to Vietnamese Wikipedia, free encyclopedia According to the author, "parent company subsidiary" is understood as a combination of companies, in which: Parent company is an enterprise established and registered in accordance with the law, has legal personality and powerful enough to control or to govern other companies (subsidiaries) in the combination and gets the acceptance of subsidiaries. Subsidiaries are enterprises in the combination established and registered in accordance with the law, and have a parent company to govern, control and voluntarily accept that governance and control under the certain rules and methods. 1.1.2 The establishment and development of enterprises operating under the model of parent company subsidiary In the world: The development process of market economy The birth of a new form of organizing manufacturing business which is enterprises operates under the model of parent company subsidiary * Indispensability of the establishment and development of the model of parent company subsidiary * Major method to form enterprises operating under the model of parent company subsidiary In Vietnam: In Vietnam, the model "parent company subsidiary" started forming from the beginning 1990s with the establishment of eighty 90 corporations (according to Decision No.90/TTg) and eighteen 91 corporations (according to Decision No.91/TTg dated on 7/3/1994 by the Prime Minister). The establishment of enterprises operating under the model of parent company subsidiary in our country was the results of many factors: Firstly, Vietnam is in the process of international economic integration Secondly, The process of equitization, ownership diversity and re organizing state corporations and enterprises have been decreasing the number of member units whose capital are 100% held by the state at 91 companies Thirdly, The important legal basis paves the way for the establishment of enterprises operating under the model of parent company subsidiary in Vietnam 1.1.3 Operating characteristic and superiority of enterprises operating under the model of parent company subsidiary Characteristics of model of parent company subsidiary: Firstly, model of parent company subsidiary has legal personality, in which every member is an independent legal entity, has private business (fully economic legal personality); collaborating under the regulation that all members are equal under the law Secondly, parent company has certain economic benefits relating to subsidiary’s operation Parent company and subsidiary has a dependent relationship, support each other on strategy, finance and credit Thirdly, parent company governs the decisions relating to subsidiary’s operation through some ways 10 Fourthly, the position of parent company and subsidiary is only in the relationship between two companies and is a relativity, which means the subsidiary could be a parent company of another company Fifthly, the responsibility of parent company for subsidiary is generally finite Sixthly, model of parent company subsidiary is diverse in structure and legal. Seventhly, model of parent company subsidiary has a large scope of operation, and in multidisciplinary, multisector business * Some preeminence of parent company subsidiary 1.2 Concept and factors influence the organization of accounting work at enterprises operating under the model of parent company subsidiary 1.2.1. Concept of the organization of accounting work Concepts of the organization of accounting work + The first concept shows the organizing method of accounting work in the aspect of applying accounting methods, thus it does not clearly show many of relative factors + The second concept emphasizes the duty of organizing accounting work but focuses on considering accounting as science research rather than a management tool in the actual operation of the enterprise + The third concept mentions more detail on the organizing accounting work, to facilitate the application in practice to be favorable. Howerver, it does not clearly mention the apparatus organization to execute accounting steps + The fourth concept specify the specific contents of the organization of accounting work in an unit, therefore it includes 2 key issues, those are to organize accounting apparatus and to organize collecting, handling the information on the basis of complying with principles, and accounting methods. The view of the author: agree with the fourth concept, the organization of accounting work is to organize a system of constituent elements 17 and consolidated financial statement) yearly. The accounting check is executed on some main content as below: Checking the legality, validity of accounting document, the record is reflected on the account, account book and financial statement to ensure the right implementation of current accounting policy and regime Checking the responsibility, the result of accounting apparatus, the relationship among accounting department and other departments in the unit Checking, controlling the quality and reliability of economic and financial information provided in financial statements and other accounting statements Making report of checking result, handling breaches figured out in the previous checking or previous years 2.2.1.3. Actual situation of the organization of equipping, applying means of technique to handle accounting information Several units invested to set up a software system of financial accounting management to serve their unit. The program’s data is strictly integrated and uninterrupted to optimize the data entry and saving, allowing the synthesis the relevant data among systems. This integration is horizontally implemented among programs in a unit, and vertically for each programs among management The system secures the data, executes functional decentralization in accordance with professional requirement. However, due to the characteristic of linkages, the common financial accounting management system for the whole enterprise is not set up, for example at Thai Son Corporation, Thanh An Corporation 2.2.2. Actual situation of financial accounting information system at enterprises operating under the model of parent company subsidiary in the Ministry of Defense 2.2.2.1 Actual situation of the organization of collecting, handling accounting information at enterprises operating under the model of parent company subsidiary of the Ministry of Defense (1) Actual situation of organizing accounting voucher system 18 (2) Actual situation of the organization of manipulating accounting account system (3) Actual situation of the organization of manipulating accounting form and accounting book system At Viettel telecom group: Tại Truong Son Construction Corporations: 2.2.2.2 Actual situation of the organization of making, providing, analyzing information in the financial statement (1) Organizing to make financial statement (1.1) Determining the scope of financial statement (1.2) Organizing to make private financial statement of member units (1.3) Organizing to make CFS of the group (1.4) Organizing to make segment statement (2) Organizing to publish financial statement (3) Organizing to analyze CFS 2.3. Evaluating the actual situation of the organization of accounting work at enterprises operating under the model of parent company subsidiary in the Ministry of Defense 2.3.1. Strengths The enterprises comply quite well with principles, regime and standard of accounting which have been accepted in Vietnam during their organization of accounting. Basically, the groups, and corporations use the suitable accounting regime including accounting voucher system, accounting accounts, account book, recording method, the method to enter in the accounts matching with characteristic of production and business, and management requirement of the group, corporation and member units as well. Parent company, subsidiaries and independent accounting units also execute the regime of financial statement quite well which applies for enterprises. Most of the units concern about investment of equipment and facility for accounting department. 19 In general, Accounting staff are usually cultivated professional skill, and they are all well qualified and highly disciplined 2.3.2. Limitations Firstly, limitations in the organization of accounting apparatus (1) About the model of organizing accounting apparatus (2) About organization of accounting check (3) About application of information technology into accounting The survey shows the IT application is not thorough and effective, especially in the process of making CFS Secondly, limitations in the organization of financial accounting information system (1) About the organization of collecting, handling the information (1.1) Organizing the accounting vouchers (1.2) The organization of manipulating accounting account system (1.3) The organization of manipulating accounting, account book (2) About the organization of making, providing and analyzing the information in the financial statement (2.1) In the step of organizing to make financial statement (2.2) About the organization to submit CFS: (2.3) About the organization of analyzing CFS: 2.3.3. Reasons of limitations * Objective reasons: The issuance of mechanism, policy, regime, and standard For enterprises operating as parent company subsidiary is still slow, lack of synchronism, and not really suitable The support of professional organization, research units, and training units for parent company subsidiary of the MOD in the process to build up and to complete their accounting work still has limitations Owning to the awareness of the importance of CFS having lots of limitations Owning to the demand to have highqualified CFS is still low, the capability to exploit and use this information is not good. 20 The State has not given the consistent name and reasonable norm about the scale of enterprises operating as parent company subsidiary * Subjective reasons: The enterprises have not aware rightly of the role, importance of scientific accounting for the managing process The awareness of enterprises of accounting and the organization of accounting to provide the information for management requirement is still limited, they are not aware that it is necessary to organize accounting apparatus for making CFS or there are not enough basis, experience and human resource, material resource to do The managing method of parent company to member units is formalistic, thus it does not create the environment to promote the activeness, and creativity of member units. 2.4 Experiences of some countries in organization of accounting work at enterprises operating under the model of parent company subsidiary and lessons for Vietnam 2.4.1. Experiences in the organization of accounting work at enterprises operating under the model of parent company subsidiary in some countries Through researches and reality surveys in developed countries, the author realizes that Vietnam could learn from the experiences of other countries for example Japan, USA, and France 2.4.1.1. The organization of accounting work in economic groups in Japan * The overview on some basic points in the organization of accounting work in Japan (according to the regulations of Japanese accounting standards system) * The organization of making and presenting CFS: The Accounting standard of Japan instructed in detail the method to calculate the norm which expresses the controlling power of parent company to subsidiary in which the scale to consolidate the financial statement is just based on the controlling power of parent company to subsidiary The way to determine reasonable value 21 The way to determine commercial advantage Recording and presenting CFS 2.4.1.2. The organization of accounting work in groups in USA The viewpoint of USA Accounting Association. Basic function of accounting regarding to the viewpoint of USA Accounting Association * The organization of accounting work in general * The organization of making CFS 2.4.1.3 The organization of accounting work in economic groups in The Republic of France The research shows that the organization of accounting work in economic groups in France including the following main contents (According to Instruction no.7 in 1983 of EC about accounting in groups and Ordinance IAS (EC) no.1606/2002, requesting to apply IAS from 2005 for associated companies): * About the organization of accounting work in general * The organization of making and presenting CFS: 2.4.2. Experience lessons about the organization of accounting work for Vietnam Firstly, the organization of accounting work in enterprises generally, and in economic groups particularly, on the aspect of organizing finance accounting, it includes the contents of organizing accounting account, accounting book, and general accounting statement Secondly, there is no country in the world officially regulate the content and form of the organization of accounting apparatus, it depends on the scale of enterprise operating as parent company subsidiary, and request of the administrator who manage the operation by sector, segment, geographical area to organize the accounting apparatus appropriately to ensure supplying the information for using objects and for enterprise management task. Thirdly, organizing accounting work at parent companies subsidiaries in the world is to ensure complying with national accounting standards, and 22 to ensure the harmonious combination with the practice, international accounting standards, and also to meet the specific managing requirement in accordance with managing requirement of each type of enterprise, and each member unit Thứ tư, Enterprises should enhance IT application in data processing and accounting work. Now in Vietnam, there are a lot of units which has not used any unified management software systems, they just apply accounting software, therefore, the data collecting is limited to utilize the information from financial accounting, while there are no links between different departments, this is a reason causes the synthesis process of data to be faulty, untimely, and unprofessional. Conclusion of Chapter 2 In chapter 2, the thesis mentions the characteristics of operating organization, managing organization of enterprises operating as parent company subsidiary under the MOD. Then, determining factors that affect the organization of accounting work at these enterprises The thesis also considers the actual situation of the organization of accounting work at enterprises operating as parent company subsidiary under the MOD through organizing steps of accounting apparatus, organizing financial accounting information system Actual situation of each step is clearly presented based on the reality survey in accordance with data collected at 1 Group (there are 2 corporations operating as parent company subsidiary) and 13 corporations operating as parent company subsidiary under the MOD Chapter also evaluates the actual situation of the organization of accounting work at enterprises operating as parent company subsidiary. It also mentions experience lessons about the organization of accounting work at enterprises operating as parent company subsidiary in the world for those operating as parent company subsidiary generally and for those under the MOD particularly, from which the scientific basis and practice shall be created to propose completing solution in chapter 3 of the thesis 23 Chapter 3 COMLETING THE ORGANIZATION OF ACCOUNTING WORK AT ENTERPRISES OPERATING UNDER THE MODEL OF PARENT COMPANY SUBSIDIARY OF THE MINISTRY OF DEFENSE 3.1 Developing orientation and requirement to complete the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense 3.1.1. Developing orientation of enterprises operating under the model of parent company subsidiary of the Ministry of Defense On 08th October 2013, the Prime Minister issued the document no.1604/TTg DMDN about approving the Scheme on organizing, innovating enterprises under the Ministry of Defense which capital 100% owned by the State. Enterprises operate as parent company subsidiary should concentrate on implementing some below items: Firstly, the units should combine between reorganization and improving the efficiency of enterprise management, actively implement the production, business activities effectively, associated with branding, and sustainable development. Secondly, in the process of restructuring, enterprises should renew management mentality, reform the management activities, and restructure the business processes, on the basis of determining the model and organizing structure matching conditions and business orientation of the enterprise Thirdly, actively promoting the production, improving the efficiency of production and business of army enterprises; being creative, promoting the potential, advantages on the organization, experiences, equipment in order to enhance the efficiency of production and business along with international economic integration. Fourthly, clearly determining the developing strategic of the units along with executing military and defending tasks. 24 Fifthly, enterprises actively build workforce plan, determine the position, matching the specific situations, on the basis of the efficiency of production and business activities. 3.1.2. The requirement of completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense * The organization of accounting work at enterprises operating as parent company subsidiary should match the characteristics of financial economic management and respect regulations and Vietnamese accounting standards. * The organization of accounting work at enterprises as parent company subsidiary of the MOD should ensure providing financial, economic information for economic management activities in the macro level and microlevel fully and promptly. * The organization of accounting work at enterprises operating as parent company –subsidiary should ensure the feasibility and efficiency. 3.2. The content of completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense 3.2.1 Completing the organization of accounting apparatus at enterprises operating under the model of parent company subsidiary of the MOD 3.2.1.1. Completing the model of organizing accounting apparatus It should be stated that there would not be an accounting apparatus set up for the whole model There would be professional relationship and supervising each other without the relationship affected in accordance with the administrative order, especially the coordination while making CFS The organization of accounting apparatus at parent company should be completed by focusing on developing the accounting staff whose qualification and quantity are enough to make CFS in the condition that those enterprises continuously expand the scale, sectors, and continuously change organizing structure. 25 The responsibility of accounting department in parent company The responsibility of accounting department in subsidiary. 3.2.1.2. Completing the organization of accounting check Checking duration: Checking accounting regularly and continuously, strictly comply with the provision of the law, current accounting regime, checking helps detect violation timely, prevent negative acts in financial management Checking form: It could be selected by time or scope of work, from which the unit should make checking plan from the beginning of the year. It should be clearly determine who are responsible for each step of work, objects, content, and checking duration in the plan Checking content: Checking voucher, the observance of the original recording regulation and recording in the accounting book, making financial statement, implementing norms of economic, technique, cost estimation It should promptly rectify the mistakes, and give specific guidance to comply with each part of accounting 3.2.1.3. Completing the organization of equipping, applying technology means of handling accounting information To successfully computerize the accounting work and to bring the efficiency as expected is a requirement for enterprises operating as parent company subsidiary The training and improving skills for officers who directly work should receive more concern, and the long term plan for training manpower that is capable of inheriting and promoting the application of information technology into management work in general and accounting work in particular should be developed The skillful use of accounting software and exploiting the information in the software to serve the managing requirement should also be concerned by the accounting staff who should regularly exchange experiences with each other to improve the efficiency of the applied software. When applying accounting software to consolidate the financial statement, the units should base on the characteristics of management and 26 production, business activities to choose the suitable accounting software 3.2.2 Completing the organization of financial accounting information system in enterprises operating under the model of parent company subsidiary of the Ministry of Defense 3.2.2.1. Completing the organization of collecting, handling information (1) Completing the organization of accounting voucher system (2) Completing the organization of accounting account system (2.1) Defining using accounts and coding accounts in detail (2.2) Manipulating accounts into accounting of economic transaction (3) Completing the organization of accounting book system. 3.2.2.2 Completing the organization of making, providing, and analyzing the information in the financial statement Firstly: Completing the organization of making financial statement * Completing the organization of making private cash flow statement * Completing the organization of making CFS: (1) Completing the method to assimilate accounting policy (2) Completing the organization of making consolidated accounting registration table and consolidated business operating result (2.1) Completing the adjustment of internal transaction when consolidating (2.2) Completing the accounting of investment into venture and associated company when making CFS (3) Completing the organization of making consolidated cash flow statement (4) Completing the organization of making segment statement 3.3. Conditions to execute the solutions 3.3.1. The State The basic conditions should be fully met, creating the legal framework and orienting the general development of the society It should be amended, supplemented, completed economic policies, macro finance as the following directions: 27 Stabilizing the fiscal policy, and currency policy: The regimes, policies should be developed and completed suitable with the trend and the context of world economic integration, to ensure the equality, stability, clearness, and transparence to facilitate for enterprises to learn and implement. Unifying the State management on strategic activities, planning, and economic developing plan in the national and regional, local scale Building, completing law system, sublaw documents Regularly reviewing legal documents, removing inappropriate document for each economic developing period Summarizing, gaining experiences to provide efficient solutions on the implementation of Accounting Law in enterprises operating as parent company subsidiary recently, on that basis to give effective solutions to direct the implementation of accounting Law in these units Completing accounting standards system and Vietnamese accounting regime and instruction documents to implement accounting standards, accounting regime to make consistency among enterprises in national scale Improving and enhancing the role of accounting associations, auditor association to instruct the professional skills for accounting work at enterprises. 3.3.2 The enterprises operate under the model of parent company subsidiary in the Ministry of Defense Reviewing the issued legal documents, and making detailed plan to build new legal documents in order to match the developing situation in current and in the future Researching, building a financial accounting regime, management accounting regime, and standardizing the profession to have the consistency to apply in parent company and member units. Building the regulation to make overt of financial accounting information at all levels as leaders, the internal and the public 28 Organizing the professional training and improving informatics knowledge for accounting staff regularly and updating the policy, new regime for accounting. Improving skill for chief accountant. Reorganizing the accounting apparatus so that it matches the new requirements. Specialized department should be organized from the subsidiary to the parent company to consolidate the financial statement promptly, fully and more accurately Organizing and enhancing the information technology applications in accounting to improve labor productivity and to provide accounting information fully and promptly to satisfy the requirements of enterprise management Conclusion of chapter 3 In general, the organization of accounting work at enterprises, and at those operating as parent company subsidiary in particular, is a complicated issue which needs thoroughly researching on both theory and practice From the contents of the organization of accounting work at enterprises operating as parent company subsidiary researched scientifically, based on the objective evaluation about actual situation of the organization of accounting work at some enterprises operating as parent company subsidiary under the Ministry of Defense, chapter 3 of the Thesis shows orientations and solutions to complete the organization of accounting work at these enterprises These contents both have the generality and specificity including the content of completing the policy on macrofields of the State and the content of organizing the accounting work on the enterprise’s own which operate as parent company subsidiary under the MOD. Furthermore, chapter 3 of the Thesis analyses some basic conditions belong to the State and belong to enterprises operating as parent company subsidiary under the MOD in proposing solutions for organizing the accounting work at enterprises operating as parent company subsidiary so that army enterprises could efficiently operate, contributing the cause of national building and defending in the period of industrialization and modernization 29 CONCLUSION In the current period, army enterprises are developing stably, becoming “spotlight” of national economy However, to assert the steady development, occupying the domestic and overseas market, effectively compete with other enterprises in the region, army enterprises should restructure, build developing strategy in medium and long term In the recent years, the MOD has been directing army enterprises to review, restructure, and transform the type of enterprise to stand still in difficulties and challenges of the economy which is in the process of regional and international integration Model of parent company subsidiary is an advanced organization model which has been being applied at many companies, Corporations under the MOD and gets certain achievements. However, the point of organizing accounting work in this type of enterprise is still having many shortcomings that require thorough research in both theory and practice From that importance, the thesis "Completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense” studies and achieves as the followings: Systematizing basic theories about model of parent company subsidiary and the organization of accounting work at enterprises operating as parent company subsidiary. Presenting the practice of the organization of accounting work at enterprises operating as parent company subsidiary under the MOD On that basis, giving analyses, evaluation about strengths, limitations and main reasons of limitation in the organization of accounting work at enterprises operating as parent company subsidiary under the MOD. At the same time, the thesis presents experiences about the organization of accounting work at enterprises operating as parent company subsidiary in some countries in order to help the administrators to aware clearer about the importance of the 30 organization of accounting work at enterprises operating as parent company subsidiary The thesis points out specific solutions for each content of the organization of accounting work at enterprises operating as parent company – subsidiary of the MOD These proposes based on scientific analysis matching with the practice, and have high feasibility, giving operating conditions for the State and enterprises operating as parent company subsidiary under the MOD However, it is also stated that the organization of accounting work in enterprises in generally and that in enterprises operating as parent company subsidiary under the MOD particularly are the issue which should be regularly studied in order to meet the requirement of the economy in the new period. Owning to awareness and limitation of studying time, the thesis could not study deeply some contents, the author would kindly like to continue researching the following items in the future to complete the research topic: The content about the combination between the organization of economic management and the organization of politic management at enterprises operating as parent company subsidiary under the MOD The content about the organization of management accounting to supply overview information of management accounting of the whole group, and the model of parent company subsidiary 31 THE ANNOUNCED RESEARCHES OF THE AUTHOR RELATING TO THESIS TOPIC Nguyen Thu Huong (2013), Making and presenting the consolidated financial statement applied at parent companies subsidiaries, Scientific researching topic under the doctoral thesis topic successfully studied by the author and Science Council of the University. Nguyen Thu Huong (2013), "Completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense", Commercial Science, (53+54), p. 6669,75 Nguyen Thu Huong (2013), "The accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense", Industry and trade, (4), p. 6667 Nguyen Thu Huong (2013), "Some discussing opinions to complete the process of making consolidated financial statement", Commercial Science, (59), p. 6572 ... the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense Therefore, the thesis Completing the organization. .. 3.2. The content of completing the organization of accounting work at enterprises operating under the model of parent company subsidiary of the Ministry of Defense 3.2.1 Completing the organization of accounting. .. operating under the model of parent company subsidiary 1.3.2.2. Organization of information system of financial accounting at enterprises operating under the model of parent company subsidiary