management Indochina Valuation Asset management Indochina Valuation Company
TABLE OF CONTENTS INTRODUCTION Necessity of topic “The property is a key factor in generating business for all organizations An effort, less attention to the business, create items, it usually needs the property to meet your needs Especially for a specific organization in the field of value assessment is the evaluation of Indochina, this benefit is a basic factor in addition to arranging and putting the Organization on the generation and trading With that, the advantage in organization management is very necessary due to good resource management; effectiveness high and new resources promote everything during the operation of the organization.” “Enhancing the productivity of resources is needed more in generation costs, transportation costs and reduce costs Similarly, strengthen management and enhance the productivity benefits of using more encouraging organizations to dependably level generation, business progress, equipment and systems to move forward The use of advanced creativity, innovation now will create a vast possibility to enhance work efficiency, improving the quality of items, causing excitement in the market Especially while the abuse of resources, using the great resources and the possibility of progress and business assignments that will reduce costs and in this way by relieving the sense of concern for progress and also help reduce costs intrigue.” “From the above reasons, it is important to enhance the effective use of the advantages in the base It is one of the factors that determine the presence, progress and achievements of a business The company valuation of Indochina was founded in 2003 and has developed a solid position in the field of evaluation and assessment, counseling and resettlement for development projects The Organization has marked so many great activities, many agreed, expands business to many different fields, for example the construction of the building materials, advice on strengthening business management, but the Organization did not look carefully on the computer usefulness of the advantage to use The use of the advantage still incomplete, leading to lower trading status Of the new accounting officer just quit the job accounting, not look carefully to the examination and assessment of the effectiveness of the use of benefits, so the construction of a technical use of resources is not practical From that fact, "the company valuation of Indochina" was chosen to explore.” “Moreover, The treatment of assets management is small, fragmented by many subjects together This reduces the professionalism, costly manpower, time, cost but the effect is not high, difficult to control.” “The sale or liquidation of assets in the form of auction, the units have to hire centers or enterprises to implement but there is no regulation on supervision obligations of the units have the right to sell assets, also the control of the authorities is not tight.” “In General, the management of interests in the company to be used legally and successfully control in General, is reflected through the evaluation criteria on the management company's advantage is very steady and stable Even so, companies should consider carefully managing liquid resources to the special circulation resources and additional resources in a way that really brought the desired effect.” Objectives of the study -“Clarify the matter theory as a reason for the theory of management interest in the effort.” -“Analysis of the management of the benefit; clear advantage in management organization.” -“Suggest the answer to improving the proficiency of the survey aimed at improving productivity advantage in organization management.” Subjects and scope of study “Research subjects: management changes are effective at the company valuation of Indochina.” -The scope of the study: + About research space: Organization reviews the value of Indochina + Duration: From year to year 2015 2017 Research Methods “To complete the reason to ask about, the application of the techniques to the test, combined strategies, practical strategies, compare, Practical strategies to gather information in order to investigate The same strategy to help think about the results achieved, in this way to the most objective evaluation of the performance of business activities is feasible or not feasible Source of information: The information is mainly used as auxiliary information, especially the monetary statement of your business Moreover, there are more data about the business situation, the choice of venture.” Structure of the subject - Chapter 1: Theoretical framework of Assets Management and the Effectiveness of Asset Management - Chapter 2: The Current Situation of Asset Management in Indochina Valuation Company - Chapter 3: Recommendations to enhance asset management efficiency at Indochina Valuation Company in the future CHAPTER 1: THEORETICAL FRAMEWORK OF ASSET MANAGEMENT IN COMPANIES 1.1 Outline of the benefits of the business 1.1.1 Property idea “Asset management is the direction of a client's cash and securities by a financial services company, usually an investment bank The institution offers investment services along with a wide range of traditional and alternative product offerings that might not be available to the average investor The account is held by a financial institution and includes checking writing privileges, credit cards, debit cards, margin loans, the automatic sweep of cash balances into a money market fund and brokerage services.” “Asset management requires investment minimums, which means this service generally restrict accounts to high net-worth individuals, government entities, corporations and financial intermediaries This includes such products as equity, fixed income, real estate, commodities and international investments The asset of the company divided into two kind that are working capital and fixed assets.” - “Working capital management refers to a company's managerial accounting strategy designed to monitor and utilize the two components of working capital, current assets and current liabilities, to ensure the most financially efficient operation of the company The primary purpose of working capital management is to make sure the company always maintains sufficient cash flow to meet its short-term operating costs and short-term debt obligations.” - “Current assets: In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle (whichever period is longer) Typical current assets include cash, cash equivalents, short-term investments (marketable securities), accounts receivable, stock inventory, supplies, and the portion of prepaid liabilities, sometimes referred to as prepaid expenses, which will be paid within a year In simple words Assets which are held for a short period are known as current assets Such assets are expected to be realised in cash or consumed during the normal operating cycle of the business.” “On a balance sheet, assets will typically be classified into current assets and long-term assets.” “The current ratio is calculated by dividing total current assets by total current liabilities It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.” “The quick ratio, or acid-test, measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately Quick assets are those that can be quickly turned into cash if necessary.” 1.1.2 The part of advantages in business tasks “Being a business owner can be extremely rewarding Having the courage to take a risk and start a venture is part of the American dream Success brings with it many advantages:” “Independence As a business owner, you’re your own boss You can’t get fired More importantly, you have the freedom to make the decisions that are crucial to your own business success.” “Owning a small business gives you certain lifestyle advantages Because you’re in charge, you decide when and where you want to work If you want to spend more time on work activities or with your family, you don’t have to ask for the time off If it’s important that you be with your family all day, you might decide to run your business from your home Given today’s technology, it’s relatively easy to Moreover, it eliminates commuting time.” “Financial rewards In spite of high financial risk, running your own business gives you a chance to make more money than if you were employed by someone else You benefit from your own hard work.” “Learning opportunities as a business owner, you’ll be involved in all aspects of your business This situation creates numerous opportunities to gain a thorough understanding of the various business functions.” “Creative freedom and personal satisfaction As a business owner, you’ll be able to work in a field that you really enjoy You’ll be able to put your skills and knowledge to use, and you’ll gain personal satisfaction from implementing your ideas, working directly with customers, and watching your business succeed.” 1.1.3 Resource order 1.1.3.1 Current resources (here and now resources) “The Company's assets are divided into short-term assets and long-term assets.” “Each group of assets has the following contents:” * “For short-term assets, the specific contents in this section include:” • “Cash and cash equivalents:” + “Cash on hand: cash in VND; Cash in foreign currencies + Bank deposits: VND deposits; Deposits in foreign currencies.” + “Money is transferring.” + “Cash equivalents.” • “Short-term financial investments • Short-term receivables + Receivables on equitization + Receivables from dividends and profit distributed + Must collect workers + Other receivables • Inventory + Buy goods are on the road + Raw materials and materials + Tools, tools + Expenditures on production and business + Finished products + Goods + Goods for sale • Other current assets * For long-term assets, including: • Long-term receivables” • “Fixed assets: - Tangible fixed assets: + Houses, architectural objects + Machinery and equipment + Means of transport + Equipment, management tools + Other fixed assets - Intangible fixed assets: + Land use right + Land use right value received + Computer software + Exploitation permit, permit for production of new product + Other intangible fixed assets - Financial lease fixed assets - Expenditures on construction in progress • Real estate investment • Long-term financial investments • Other long-term assets” 1.1.3.2 Settled resources (long haul resources) “Long haul resources is measured by the fixed asset use index as it generally assesses the asset management process.” “Performance of using fixed assets = Revenue” Fixed assets “This indicator shows how much revenue is earned for each investment in fixed assets The fixed asset utilization rate looks at the firm's investment in fixed assets (land, buildings, equipment) and this is extremely important for companies that require large capital as a fixed asset Manufacturers with investments in long-term assets.” “In the above formula, if we take the total revenue from production and business activities, revenue from financial activities and revenue from other activities will have total.” “Turnover to calculate fixed asset use Fixed assets are stated at cost less depreciation and amortization of fixed assets depending on the specific enterprise.”” 1.1.4 The substance of the advantage class 1.1.4.1 Substance of portable resources “In the enterprise, the current assets are formed from different sources of capital, so each type of capital will have different characteristics, characteristics and cost of use The problem is that businesses have to consider the optimal structure of capital and reduce the cost of capital while ensuring the safety of the financial situation of the business Based on the different classification criteria, the enterprise's current assets are formed from various types of capital sources such as:” * “Shareholder formed in capital ownership including:” - “Owner's equity means the capital amount owned by an enterprise Depending on each type of enterprise, the owner's capital has specific contents such as investment capital from the state budget, capital spent by the enterprise owner, share contributed capital, joint-venture capital, self-funded capital Extra income from the return Equity represents the financial autonomy of the business The greater the equity capital, the greater the financial independence of the business.” - “Debts: These are loans made by commercial banks or financial institutions, loans through bond issuance, unpaid customer debts.” * “The current formulation is based on the time of mobilization and use of capital: The capital of the enterprise is divided into two types:” - “Regular capital sources: It is a stable and long-term source of capital, including owners' equity and long-term loans to finance the company's regular business needs.” “Regular capital = Total capital - Short-term debt.” - “Temporary capital: A short-term source of capital, including short-term loans from banks and other credit institutions, and short-term loans, which are used to meet the needs of a temporary nature , abnormalities arising in the business process of the business.” “Temporary funds = Short-term loans + Legal capital.” * “The current formulation is based on the scope of capital mobilization: The stock is formed from two sources.” - “Capital within the enterprise: It is a source of capital that can be mobilized from the enterprise itself Including: capital from the profits left in the course of business, the funds of enterprises, the proceeds from the sale, liquidation of assets Thorough use of capital inside enterprises, Promoting the initiative in managing and using the current assets.” - “Outside capital sources: Enterprises may mobilize capital from outside sources, including capital of joint-venture parties, loans to commercial banks, credit institutions and loans through the issuance of bonds debt financing, debt owed to customers and other debts, etc., by borrowing capital from outside to create an enterprise with a flexible financial structure, on the other hand can increase the owner's equity Fast if the total return is higher than the cost of capital.” 1.2.1 Resource administration in the business 1.2.1.1 The need to oversee resources in the business “In order to be able to carry out production and business operations, businesses need to have a certain amount of assets and corresponding funds, no assets will not have any business activities But the use of assets for high efficiency is the decisive factor for the growth and development of enterprises With that sense, the management, use and improve the efficiency of use of resources in general and the balance sheet in particular is a very important content of corporate finance management The concept of effectiveness of using a current work must be understood in two aspects:” “Firstly, with the existing assets can produce a number of products with good quality, lower prices to increase profits for businesses.” “Secondly, invest more assets appropriately in order to expand the scale of production to increase sales with the requirement to ensure the rate of increase of profits must be greater than the rate of increase of assets.” “These two aspects are the objectives to be achieved in the organization of management and use of assets in general and labor in particular.” “Previously, when the economy of our country was still in the subsidy period, all capital and assets needs for business production of enterprises are allocated by the State or preferential credit so businesses not ask to exploit and use assets 10 Fourthly, accounting and finance work in the company is limited, it is two sections of work are financial and accounting are not separated, still belong to a department of Finance - Accounting This will make it more difficult for the Company to segregate the responsibilities and powers of accounting and finance Moreover, the financial work at the company is not respected, so the company will be missing The team of financial executives is responsible for developing the strategy as well as evaluating and analyzing the performance of the company in general and the efficiency of asset management in particular In addition, during the asset management process, the Company does not use the fixed asset numbering method, causing certain difficulties for the monitoring, inventory and management of fixed assets in the scope Entire business as well as by department, user unit, this can cause confusion between fixed assets together Fifth, Marketing has not been promoted Promoting the image and brand of the company just stopped at the website, not widely propagated to partners and customers about the product and brand of the company on the market, so also partly This reduces the rate of return on capital, prolongs the product life cycle, and thus affects the Company's asset management performance It can be said, the above subjective reasons helped explain the unresolved problems in the company Precision Numeric Control and Computer Numeric Control In addition, the consideration of objective causes will give a fuller and deeper insight into the outstanding issues in managing the Company's assets Firstly, the global financial crisis is affecting the Vietnamese economy and affecting the economy, including businesses, and precision molds and machinery CNC is no exception The global economic crisis has made prices of input materials more expensive, exchange rate fluctuations, high inflation The world market fluctuations have affected the market Vietnam makes some of the raw materials become scarce, expensive and inflation is increasing, which leads to a decrease in purchasing power This causes the Company's sales to be affected, thereby affecting the revenue and impact on the Company's asset management efficiency 38 2.3.3.2 Target reasons On the basis of summarizing the experience of other countries in the model of public property management, especially the model of public real estate management, and at the same time, based on the practice of managing public assets, The dissertation focuses on solving basic problems relating to the management of state property, which is the working office of an administrative agency for the following purposes: Revise the theoretical foundation of public asset management and headquarters management the work of state administrative agencies Analyze and evaluate the state of state property management and the headquarters of the main administrative agency since the Public Product Administration has consistently managed public assets to show positive and existing results in management Models, management methods and experience of reformed countries The effectiveness of public asset management, especially public real estate, and the assessment system that countries have developed for public asset management will be used to assess and demonstrate quality manage Conclusion Chapter From the analysis of the status of the second chapter, starting with state agencies in the management of working offices at all levels, followed by the process of managing office buildings with steps such as formation to exploitation, using Finally, arranging and handling are regulated by state agencies in detail in each decree, decision or circular By examining the detailed data, we can see the ability of resources and ability to manage resources for general government accounts and the basis of key institutions over a period of more than 10 years In this time with the changes in text and organization there have been discrepancies in the statistical data that the final analysis of the situation gives us the following comments: Although there are many difficulties but results Over the past 10 years, management has made great contributions both in terms of economy, society and general awareness of the role of state assets as public offices However, in the face of the demands of the new 39 mechanism and integration, putting the efficiency first, the management still needs to be done early These are the following limitations: The overall and accurate changes in the state assets in general and offices of the administrative agencies in particular are not monitored nationwide There is a lack of effective mechanisms and methods of management in comparison with countries that are considered to be the standard for managing state assets No effective linkage in mining management with finance (or budgeting assigned), including the legal documents, lack of information, not assessing and properly aware of the role of public assets All of the above is the basis for analyzing the solutions and proposing the management model in chapter three CHAPTER 3: RECOMMENDATION TO COMPLETE THE MANAGEMENT OF PROPERTY IN INDOCHINA PRESIDENTIAL COMPANY IN THE FUTURE 3.1 Organization's vision and introduction for 2015-2020 In the coming time, the company will continuously improve the quality of human resources by sending training programs to improve skills and professional, organize training sessions to further improve the level of the company Human resources to adapt to the company's development process With the expansion of the business network, the size of the business is increasingly expanding The company has invested in machinery and modern technology lines such as CNC machines, production lines of composite aluminum sheets with the technology of the Federal Republic of Germany The renovation of modern equipment is A right direction of the company in the competitive market stage because if there is no technological innovation, the product will quickly become outdated, backward against the product of the competition other competitions in the same industry 40 In addition, in order to expand its business and gradually establish its position in the market, the Company will focus on various forms of capital mobilization such as bank loans, joint ventures, and joint ventures In addition, the company is constantly expanding its business network, building a system of product consumption throughout the country, while implementing many measures to introduce products, promote the brand in the market domestic and foreign The expansion of business network is one of positive measures because it has helped the company to sell more products and help companies promote their brands in different markets The above are some orientations of the Corporation of precision molds and CNC machines in the coming time In order to be able to carry out the above orientations, it requires the efforts of the whole staff of the Company as well as the leadership and decision making of the Board of Directors and the Board of Directors It is hoped that the identification of such goals and directions will help the Company to create a better development plan, thereby improving its production capacity and business value in the market 3.1.1 Focal points and detriments The Company needs to have appropriate recruitment policies and training plans in line with professional knowledge in order to have human resources with knowledge and skills to meet the new development needs of the Company The company should regularly send key managers to attend short-term specialized training courses to improve their professional knowledge, to better manage the work Besides, training and upgrading skills of workers is also very necessary It gives workers more knowledge and ability to work more effectively Although the company is one of the leading companies in the transport market but mainly in the domestic market On the other hand, the domestic market is small but extremely competitive, the cost of goods sold by the company is relatively high so the profit is also limited Therefore, in order to improve business efficiency, the Company needs to actively exploit and seek markets and expand overseas markets in order to improve its market share in order to bring more profit To achieve that goal, the 41 Company needs to improve its competitiveness further to the requirements and challenges of international and regional integration 3.2 Real answers for enhance the administration of settled resources at Indochina Valuation Company in the coming time 3.2.1 Fortify receivable administration Strengthening receivables management is also a solution for the Company to improve asset management efficiency The company can set up teams and groups to collect debts of customers, urge customers to delay repayment, speed up the rate of return of capital, making the process of capital rotation faster making the Company's managed assets more efficient Effective management of receivables is not only the responsibility of the accounting and finance department but also the coordination of many other departments within the Company The team responsible for recovering the receivables will include employees who are knowledgeable about the law, corporate finance, experienced negotiators and the ability to persuade clients In addition, the Company can classify groups of customers so that they can set up their own receivable management policies effectively In addition, updating and tracking customer credit history also helps to reduce delays in payments Companies can research using a credit scoring system and classify customers by risk level, to decide if they should continue to use their credit On the other hand, the Board of Management may consider changing the level of sales to control the receivables to match the trade between the profits and risks of the company Lowering the selling margin can stimulate the demand for increased revenue and profit, but because the sale will generate the receivable, and because there is always the cost associated with the receivable This tradeoff should be considered carefully Therefore, carefully studying each customer group is one of the solutions of the receivable management process Besides, the company also needs to pay attention to terms of sale in the contract with customers This is a clause defining the length or duration of the sale and the discount rate applicable if the customer pays earlier than the allowable period of sale For the group of prestigious customers, long-term business with the company can give 42 ... of Assets Management and the Effectiveness of Asset Management - Chapter 2: The Current Situation of Asset Management in Indochina Valuation Company - Chapter 3: Recommendations to enhance asset. .. and many countries in the world refer 26 CHAPTER 2: ASSET MANAGEMENT IN INDOCHINA VALUATION COMPANY 2012-2016 2.1 Review of Indochina Valuation Company 2.1.1 The arrangement and advancement of the... the liquidation of the fixed assets c Asset management * Fixed asset management about artifacts 19 Fixed asset tracking system: Enterprises should improve their fixed asset tracking and control