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1 INTRODUCTION The necessary of this research Nowaday, along with the development of industrialization and modernization of the country, our economy is on a strong development momentum, the social life is constantly improving; urban areas, residential areas as well as industrial zones appear more and more, requiring electricity supply to consumers to ensure economic criteria, safe and continuous power supply; ensure good power quality as well as flexibility of the electrical system As Vietnam integrates into the World Economy (WTO), the need to innovate the electricity industry and change the electricity market operation mechanism becomes increasingly urgent to move towards a competitive electricity distribution market by 2022 According to the electricity market development roadmap (Decision 63/2013/QD-TTg of the Prime Minister), the electricity retail business will be separated from the electricity distribution stage when implementing the competitive retail electricity market, starting in 2021 Research on the application of revenue, cost and business results management accounting in enterprises in general and in power distribution enterprises in particular in Vietnam is still limited at present On June 12, 2006, the Ministry of Finance issued Circular No 53/2006 / TT-BTC on: "Guidance on the application of management accounting in enterprises" Based on the above research gaps and reasons, the author chose the topic "Management Accounting of revenue, costs and business results in power companies in the North of Vietnam" Literature review In recent years, there have been many domestic and foreign studies researching on issues related to management accounting in general, management accounting of revenue, expenses and business results in particular This showed that it is a matter of timing and meaningful both in theory and practice The thesis researches overview according to the following groups of issues: (1) The studies of overview framework of management accounting; (2) The studies of management accounting of revenue, costs and business results; (3) The studies of factors affecting the implementation of management accounting Research gaps Firstly, the research approach to management accounting of revenue, cost and business results is different Secondly, the lack of research focuses on management accounting of revenue, costs and business results in the context of applying ERP Thirdly, the lack of research focuses on management accounting of revenue, costs and business results at Vietnamese electricity distribution and trading companies These are the "gaps" that the thesis will focus on completing at the electricity distribution and retailing companies in the North of Vietnam The research objectives Based on the framework of management accounting of revenue, costs and business results in enterprises and the reliaty of management accounting of revenue, costs and business results in power companies in the North of Vietnam, the thesis propose solutions to improve the management accounting of revenue, costs and business results in the power companies in the North of Vietnam to improve the management accounting capacity of these enterprises with specific objectives: - Firstly, the thesis systematizes the framework of management accounting of revenue, costs and business results in enterprises - Second, from the analysis and assessment of the current status of management accounting of revenue, costs and business results in power companies in the North of Vietnam - Third, the dissertation proposes solutions on management accounting of revenue, expenses and business results on the management of power distribution and retail business at power companies in the North of Vietnam Research question (1) What is the theoretical framework of management accounting of revenue, costs and business results in the enterprise? (2) How does the characteristics of electricity production and business affect management accounting of revenue, costs and business results in power companies in the North of Vietnam? (3) What is the reliaty of management accounting of revenue, costs and business results according to the managerial function in the environment of ERP application in the distribution and retail business of electricity in the North of Vietnam? (4) What are the shortcomings and existing causes of management accounting of revenues, costs and business results in power companies in the North of Vietnam? (5) What is the solution to improve the management accounting of revenue, costs and business results in power companies in the North of Vietnam? Research statement and scope 5.1 Research statement This research focuses on theoretical framework of management accounting of revenue, expenses and business results in enterprise and the reality of management accounting of revenue, expenses and business results in power companies in the North of Vietnam 5.2 Scope - Space: The dissertation researches on management accounting of revenue, expenses and business results in 45 Northern Power companies in Vietnam, including 03 Power Companies Limited in Hai Phong, Hai Duong, and Ninh Binh and 20 companies under EVN NPC including from Thanh Hoa, Nghe An, Ha Tinh to Northern provinces; and 22 electricity companies under EVN HaNoi The dissertation does not study on management accounting of revenue, expenses and business results in 06 other power units under EVN NPC and 09 other power units under EVN HaNoi because these other units are not focused on electricity trading business - Time: The dissertation conducts a research on specific objectives and vision to 2030 and data from actual survey in electricity companies in the period 2017-2020 - Content: The dissertation studies the approach to the contents of the management accounting of revenue, costs and business results in relation to the managerial function Activities of Northern Vietnam Electricity companies include producing, distributing and trading in electricity The thesis focuses on the distribution and sale of electricity, not on the power production Because the main function of electricity companies in the North of Vietnam is the distribution and trading of electricity Research method Data collection - Secondary data: (1) Data of current situation of the electricity distribution segment of the enterprises, the website of Vietnam Electricity: www.evn.com.vn, The Northern Power Corporation: www.evnnpc.com.vn, Hanoi Electricity Corporation: https://evnhanoi.vn and websites of Electricity units under EVN NPC and EVN HaNoi (2) Research of domestic and foreign authors at www.siencedirect.com, www.google.scholar.com and the doctoral dissertations and scientific articles have been published published related to the research issue (3) Expert analysis reports on social media (4) Data about accounting ledges, reports and documents of electricity companies during the period from 2017 to 2020 - Primary data: To achieve the thesis research objectives, the author collects information on the reliaty of management accounting of revenue, expenses and business results in the electricity companies in the Northen in Vietnam Primary data obtained by the author using 03 methods are survey method by questionnaire, interview method, and observation method New contributions of this research Theoretical contributions: The research systematized and clarified some issues about the nature and role of the management accounting of revenue, costs and business results in the implementation of managerial functions including planning, implementing, controlling, decision-making Practical contributions: On the basis of survey and data analysis, the research evaluated the management accounting situation of revenue, expenses and business results in the distribution and retail phase of electricity serving in the implementation of the managerial function at 45 electricity enterprises The study provided an overall picture of the current state of management accounting of revenue, costs and business results in the distribution and retail business of electricity in Vietnam Recommendations and solutions: The thesis recommended to complete the management accounting of revenue, expenses and business results in the implementation of the managerial function comprising planning, implementing, controlling, evaluating, and decision-making in electricity distribution and retail phase in Vietnam The solutions are aimed at meeting the needs of using accounting information for stakeholders The structure of the research Exclude introduction, conclusion, list of acronyms, list of references, appendices, the structure of the research includes chapters Chapter Framework of management accounting of revenue, expenses and business results in the enterprise Chapter The results of management accounting of revenue, expenses and business results in Electricity companies in the North of Vietnam Chapter The recommendation to complete management accounting of revenue, expenses and business results in electricity companies in the North of Vietnam 7 CHAPTER 1: FRAMEWORK OF MANAGEMENT ACOUNTING OF REVENUE, COSTS AND BUSINESS RESULTS IN THE ENTERPRISE 1.1 Overview on management accounting of revenue, cost and business results in the enterprise 1.1.1 The nature of management accounting of revenue, costs and business results in enterprise By researching and synthesizing, the research finds that the viewpoints and concepts of the previous authors have the same common points Therefore, the author thinks that these common points are also the deep-rooted nature of the management accounting including: (1) The management accounting is a part of the accounting system of the organization; (2) The management accounting has the full nature of accounting; (3) Information provided by the management accounting is the basis for managers to perform managerial functions in enterprises 1.1.2 The roles of management accounting of revenue, costs and business results in the implementation of managerial functions in the enterprise Information of management accounting plays a key role and dominates all business operations of firms It is an important basis for making short-term and long-term decisions (Nguyen Ngoc Quang, 2012) All the basic functions of business management revolve around the issue of "decision-making" To perform well in managerial functions, administrators must have the necessary information in order to make the right decisions (Doan Xuan Tien, 2009) Management accounting of revenue, costs and business results is a part of management accounting in the enterprise To help the administrator make right decisions, the information provided by management accounting of revenue, costs and business results is necessary The basic managerial functions comprise planning, implementing; controlling and evaluating, and decision-making 1.2 Contents of management accounting of revenue, costs and business results in relationship with managerial functions 1.2.1 Management accounting of revenue, expenses and business results serving the planning function The planning function is the first of the four basic managerial functions This is one of the key functions in the management process and is related to the implementation of other managerial functions Planning function is to orient the firm to develop in operational (short-term) and in strategy (long-term) Set up norms and standard costing Setting up norms and standard costing is the basis for management accounting department build budget system To develop a scientific standard costing system, the cost norming department needs to collect information based on the guidelines for setting the norms of the related departments Besides, it is required that the norm builders have specialized knowledge and practical experience based on the methods and techniques - Method of statistical experience - Method of economic and technical analysis Set up revenue, costs and business results budget The annual budget system includes segment budget which are detailed for each department, each product or service, and each period to form the overall estimate of the enterprise (Nguyen Ngoc Quang, 2012) Production and business budget include all kinds of estimates such as revenue budget, direct material cost budget, direct labor cost budget, overhead cost budget, finished good budget, cost of sales budget, business administration budget, and business results budget Budgeting provides managers information about production and business plans in each specific time and the whole process (Dang Ngoc Hung, 2013) 1.2.2 Management accounting of revenue, costs and business results serving the implementation function 1.2.2.1 Collect initial data about revenue, costs and business results Initial information acquisition is the first stage of the entire international economic process International economic information about revenue, expenses and business results to organize and receive is past information and future information 1.2.2.2 Systemize, process and provide information of management accounting of revenue, costs and business results The next step of the management accounting process after receiving initial information about revenue, costs and business results is to systemize, process and provide information The thesis researches using management accounting methods to systematize and process accounting information about revenue, cost and business results to serve the functions including: Identifying and classifying expenses, revenue, business results, applying accounting and bookkeeping methods Information provision is the final stage in the accounting cycle that includes a managerial reports system: a revenue and cost management report and a business results report 1.2.3 Management accounting of revenue, expenses and business results to serve the of controlling and evaluating function To serve the controlling and evaluating function, firms need to develop responsibility accounting This is a widely popular model today, proven to bring high efficiency to the enterprise According to Kellogg (1962); Antle and Demski (1988) responsibility accounting must have a close relationship with control Responsibility accounting divides the organization into parts 10 according to each specific function, assign specific tasks to each part and clearly decentralize management to all divisions in the organization The responsibilities of managers in reducing each item of revenue and expenses need to be clear and specific Responsibility accounting needs to evaluate the performance of each department where they control (Antle & Demski 1988) Accordingly, there is a lot of research (Lin & Yu, 2002); (CorreaRuiz & Moneva-Abadía, 2011); Nguyen Ngoc Quang (2012); Nguyen Thi Minh Phuong (2013); Nguyen Thi Thanh Loan et al (2018) pointed out that there are centers of responsibility such as cost center, revenue center, profit center and investment center 1.2.4 Management accounting of revenue, costs and business results serving decision-making functions Decision-making is an important function, throughout all stages of corporate governance, from planning, implementation, and evaluation (Doan Xuan Tien, 2009) Based on the information provided by the management accounting from collecting, processing and analyzing information throughout the process of planning, implementing, controlling information, managers make decisions in the enterprise 1.2.5 Managemettn accounting for revenue, costs and business results in the ERP environment Many businesses today have applied technology to overall business management in the 4.0 era management trend, namely the application of ERP systems 1.3 Factor affecting the management accounting of revenue, costs, and business results in the enterprise 1.3.1 Internal factors Based on the literature review of the factors affecting the implementation of management accounting, there are basically 11 three groups of internal factors that affect the management accounting of revenue, costs and business results These include (1) firm size, (2) Knowledge and perception of managers, (3) Qualifications of management accounting staff 1.3.2 External factors External factors affecting the management accounting of revenue, costs and business results include (1) supporting factors, (2) Competitivenes of business environment Conclusion of chapter 12 CHAPTER 2: THE RESULTS OF MANAGEMENT ACCOUNTING OF REVENUE, COSTS AND BUSINESS RESULTS IN POWER COMPANIES IN THE NORTH OF VIETNAM 2.1 Overview of Vietnam Power companies 2.1.1 Overview of Vietnam's Electricity Industry Electricity distribution activities are related to the provision of electricity distribution to users, including: Investment in development of the distribution grid; management, operation, maintenance, repair, and troubleshooting of the distribution grid; management of meters and equipment after the meter, communication activities, customer care related to electricity distribution Electricity distribution activities and in charge of electricity retail business are activities related to electricity trading 2.1.2 The development of power companies in the North of Vietnam Vietnam Electricity (EVN) currently has power generation corporations GENCO 1,2,3 and hydro/thermal power companies in the field of electricity production And five power corporations trading electricity to the customers are Northern Power Corporation, Central Power Corporation, Southern Power Corporation, Hanoi Electricity Corporation, Ho Chi Minh Power Corporation In which, Northern Vietnam includes: Northern Electricity Corporation and Hanoi Electricity Corporation 2.1.3 Organizational and managerial structure characteristics of the Corporation and the companies under the Northern Electricity of Vietnam 2.1.3.1 Organizational and managerial structure characteristics of the Northern Power Corporation 13 Parent company - Northern Electricity Corporation (hereinafter referred to as EVN NPC) is a one-member limited liability company with 100% charter capital owned by Vietnam Electricity EVN NPC manages, distributes and does business with an area of 145,244 km2 (accounting for 43.85%), population 46.58 million/89 million people (accounting for 52.33%) The rate of the population with the national grid is 96.1%, the number of communes with the national grid is 98.5%, the number of districts with the national grid is 100% 2.1.3.2 Organizational and managerial characteristics of Hanoi Electricity Corporation With the organizational structure and management model, electricity trading activities in the Northern Power Corporations are generally divided into four levels of management: Chairman of the Board cum General director, deputy general director level, departmental level and Electricity companies 2.1.3.3 Managerial structure characteristics of companies under the Hanoi Electricity Corporation and the Northern Power Corporation The dependent units of the Corporation are the production and business units and business auxiliary units including the Power Companies of the province/district/district, other companies, the center and the project management board These units have the functions of direct and auxiliary tasks of electricity production and business, a number of other business lines under the management decentralization of the corporation; is responsible for managing, using and exploiting capital, assets and other resources assigned by the corporation 2.1.4 Functions and duties of power companies in the North of Vietnam 14 GC directors, deputy directors, departments, regional power management teams 2.1.5 The characteristics of electricity production and business activities affecting management accounting of revenue, costs and business results at power companies in the North of Vietnam Trading in electricity is not like trading other commodities To sell electricity to customers, power companies have to bring electricity to consumers through the distribution grid system For that reason, the power distribution grid system has to spread across the country With this feature, the management of customers as well as the management of the low voltage grid becomes extremely complicated, depending on the topography and specific conditions of each residential area To ensure safe supply of electricity to customers who buy electricity, promptly solve problems arising in the process of electricity supply and use, and at the same time be able to strictly manage the electricity sale business For EVN HANOI, decentralized management to 30 electricity companies in the inner/suburban district, below are the regional electricity management teams to deal directly with electricity users EVN NPC decentralizes management to 24 affiliated units, 03 onemember limited liability companies, and below are regional power management teams for direct transactions with electricity users With rapid load growth and the supply from the National grid at times not meeting enough electricity demand, EVN HANOI and EVN NPC have repeatedly cut loads That has affected the commercial electricity output and electricity sales of the corporation, leading to the impact of electricity business profits 2.2 The results of management accounting of revenue, cost and results in the Power Companies in the North of Vietnam 2.2.1 Management accounting of revenue, cost and business results for the planning function 2.2.1.1 Cost management accounting serving the planning function 15 - Setting up standard costing in the stage of power distribution Distribution grid is a part of an electrical network including lines and power stations with voltage up to 110kV Specifically, the nominal voltage levels in the power distribution system include 110kV, 35kV, 15kV, 10kV, 0.6kV and 0.4kV - Setting up standard for sales and business administration costs Through the process of surveying at power units, in addition to the construction of cost norms for service in the management of the distribution grid, at the power units asked 100% to build the intercost norm over the sales process, management cost norms for each team, department, and district in the electricity retail business - Actual situation of planning sales and administration costs budgets Through the field survey, 100% of power companies affiliated to EVN NPC and EVN HaNoi build up a budget of selling expenses related to electricity saving propaganda and customer care costs, no costs budget related to sales accounting and business administration The sales and administration costs budgets is estimated by B05 to build and integrate in the ERP system for district-level units to apply This integration helps the administration department get relevant information because it has been stored on the ERP system This is the estimate that is generally guided by the corporation for implementing units to suit the unit - Situation of building standarnd costing at electricity retail stage The author found that Northern Power Companies did not set up standard costing related to purchasing electricity from the Corporation In order to calculate and build the cost of purchasing electricity, also known as the cost of electricity that the power company buys from the corporation, then the power company needs to develop a plan for electricity consumption in the following 16 year This plan is sent to the corporation by the electricity planning department (B02) of the units Based on the output of the commercial plan, the Corporation will set up the internal electricity selling price for distribution power companies 2.2.1.2 management accounting of revenue and business results serving the planning function - Actual situation of electricity retail sales budget - Actual situation of electricity retail business results budget 2.2.2 Reliaty of management accounting of revenue, cost and business results for implementation function 2.2.2.1 Reality of getting initial information about accounting, management of revenue, expenses and business results Hoan Kiem Electricity, Cau Giay Power, Dan Phuong Power, Son Tay Electricity, Nam Dinh Electricity, Ninh Binh Electricity collected, recorded and updated past and future information into the ERP system The ERP system at B05 accounting department includes modules: CM manager (Cash accountant), GL manager (General Accountant), AP manager (Payable Accounting), AR manager (Accounts Receivable Accounting) PM manager (Project Accountant), FA manager (Fixed Asset Accounting, Tooling Tools), TA manager (Tax Accountant), INV manager (Inventory Accounting) Updating the ERP system helped the managers to fully access and retrieve information quickly and simply 2.2.2.2 Reality of systematizing, processing and providing management accounting information about revenue, costs and business results (i) Current status of systematizing and processing accounting and management information on revenue, expenses and business results (ii) The reality of providing management accounting information about revenue, expenses and business results 17 The results at the power companies of Phu Tho, Thanh Hoa, Thai Binh, Tuyen Quang, Nghe An, Ninh Binh, Hai Duong, Cau Giay, Me Linh, etc showed that all companies must comply with the regulations issued by the Corporation in Document No.3793/EVN-TCKT dated September 15th, 2015 Accounting department based on the form issued by EVN to organize the accounting books and reports The financial report forms and the management report forms complied with the forms issued in Document No 3793/EVN-TCKT dated September 15th, 2015 2.2.3 Management accounting of revenue, cost and business results for control and evaluation function By survey at the Electric Power companies Hoan Kiem, Ba Dinh, Dong Da, Tu Liem, Ha Dong, Dan Phuong, Bac Tu Liem, Nam Dinh, Ninh Binh, Ha Nam, Thai Nguyen, Tuyen Quang, Cao Bang, etc., the results showed that 100% of the distribution power companies control revenue, costs and business results through actual documents at their offices and affiliated units Quarterly and annually, a comparison between the budget and actual assigned by the corporation will be made The provision of information to serve the control and evaluation function by assessing variance and evaluating the effect of the factors to revenues, costs and business results 2.2.4 Management accounting of revenue, cost and business results for the decision-making function + Make long-term decisions for the construction of power stations, power lines, high voltage stations, transformer stations, transformers related to the distribution of electricity + Make decisions by analyzing cost-volume-profit 2.3 Factors affecting management accounting of revenues, costs and business results in Power companies in the North of Vietnam 2.3.1 Internal factor 18 - Firm size - Knowledge and perceition of managers - Qualifications of management accounting staff 2.3.2 External factors - Supporting factors - Competitiveness of business environment 2.4 Assessment of management accounting of revenue, cost and business results in the Power companies in the North of Vietnam 2.4.1 The achievements Firstly, management accounting of revenue, expenses and business results for the planning function Second, management accounting of revenue, expenses and business results for the implementation function Third, management accounting of revenue, expenses and business results for controll and evaluation functions Fourth, management accounting of revenue, expense and business results management for decision-making functions Fifth, management accounting of revenue, expenses and business results in the ERP application environment 2.4.2 Limitations and causes leading to limitations on management accounting of revenue, expense and business results in Northern Vietnam Power companies 2.4.2.1 Limitations Firstly, management accounting of revenue, expenses and business results for the planning function Second, management accounting of revenue, expenses and business results for the organization and implementation function Third, management accounting of revenue, expenses and business results for testing and evaluation functions 19 Fourth, management accounting of revenue, expense and business results management for decision-making functions Fifth, management accounting of revenue, expenses and business results in the ERP system application environment 2.4.2.2 Causes (1) External causes Management accounting is shown in the Accounting Law 2003 and Circular 53/2006/TT-BTC guiding the implementation of the international economy in enterprises The standardization of international economic methods has not been specifically guided in detail, making the process of providing and analyzing information for managers still based on the methods of financial accounting On the side of the Ministry of Industry and Trade and the Electricity companies: It is necessary to strongly promote and implement drastically the deployment of separate distribution and retailing of electricity On the side of the Ministry of Finance: Currently, there are no legal documents on international economy that are required for businesses to apply This imperative is to promote the capacity of human accountants in the business to have a deeper understanding of international economics (2) Internal cause The qualification of accounting staff in power companies, though having the advantage of being well-trained and strong in financial accounting, has not yet been trained The application and understanding of information technology, ERP system of the accounting department in particular and the departments in general have not been proficient and properly trained Conclusion of chapter 20 CHAPTER 3: RECOMMENDATIONS TO COMPLETE MANAGEMENT ACCOUNTING OF REVENUE, COSTS AND BUSINESS RESULTS IN POWER COMPANIES IN THE NORTH OF VIETNAM 3.1 Objectives, orientation and strategy for developing the electricity industry 3.1.1 Objectives for developing the electriciy industry The overall goal is: Mobilizing all domestic and international resources for electricity development to ensure adequate supply of electricity with increasingly high quality, reasonable electricity prices for the country's socio-economic development The specific goal to 2030 is: Supply enough electricity in the country to meet the national socio-economic development target with an average GDP growth of about 7% per year over the period from 2016 – 2030 3.1.2 Development orientation of the electricity industry The power distribution stage is under the project of Restructuring the power sector in the 2016-2020 period, with a vision to 2025 For the electricity distribution and retailing stage, it will continue to maintain the organizational model of Power Corporations force in the form of one member limited liability company represented by EVN, holding 100% of charter capital 3.1.3 Development strategy of the electricity industry To build development orientations for EVN in general and EVN in the North in particular, the roadmap for sustainable development, the application of information technology in the industrial era 4.0 into the main areas: transmission and power distribution 3.2 Requirements for complete the management accounting of revenue, costs and business results in the Power companies in the North of Vietnam 21 Firstly, complete management accounting of revenue, cost and business results must ensure compliance with the policies the State Second, complete management accounting of revenue, cost and business results must be consistent with the development of the domestic electricity market Thirdly, complete management accounting of revenue, cost and business results must be consistent with the separation of the electricity distribution stage and the domestic electricity retail business Fourth, complete management accounting of revenue, cost and business results must ensure that the need to provide appropriate information for administrators Fifthly, complete management accounting of revenue, cost and business results must ensure economy and efficiency 3.3 Solutions to complete management accounting of revenue, cost and business results in the Power companies in the North of Vietnam Responsibility accounting is considered as one of the useful financial tools for controlling and operating the business operations of managers 3.3.1 Improve the decentralization in power companies for the implementation of management accounting To control all revenues, costs and business results effectively in electricity according to the responsibility centers: cost center, revenue center, profit center, investment center on a basis organizational structure, short-term goals, long-term goals, top management of the Electric company needs to increase decentralization in management and authorization for administrators in responsibility centers with clear written authority to manage and take responsibility in these centers 3.3.2 Complete management accounting of revenue, cost and business results for the planning function 22 - Complete the standard costing system to separate the electricity distribution from the electricity retail phase - Complete the budget system of selling cost and business administration costs - Complete the sales budget of electricity retail 3.3.3 Complete management accounting of revenue, cost and business results for implementation function 3.3.3.1 Complete the acquisition of initial information on management accounting of revenue, cost and business results The organization acquires primary information including past and future information The past information is organized by the electricity company based on the accounting voucher system that has arisen relating to business activities at the power company in a scientific way that has important implications in international economics and accounting finance in terms of revenue, expenses and business results There are still some shortcomings in the organization of the document system at the electricity trading units that need to be overcome The completion of documents must depend on the characteristics of firm 3.3.3.2 Complete the process of processing and providing management accounting information about revenue, expenses and business results (i) Complete the systematization and processing of accounting and management information on revenue, cost and business results (ii) Complete provision of management accounting information on revenue, cost and business results 3.3.4 Improving management accounting of revenue, cost and business results to serve controlling and evaluation function To complete the management accounting of revenue, cost and business results in the implementation of controlling and evaluation, the Power companies not only conduct difference 23 analysis to assess the level of completion of the indicators Objectives such as revenue, expenses and business results in the period need to evaluate and control through responsibility centers 3.3.5 Complete the accounting of revenue, expense and business results management to serve the decision-making function The decision-making function is one of four important management functions Power companies always have to make national and international decisions Therefore, management accounting consults to help managers make accurate, fast and timely decisions 3.4 Conditions for implementing solutions to complete management accounting of revenue, cost and business results in Northern Vietnam Power companies 3.4.1 On the State side 3.4.2 On the side of the vocational association and the higher educations which training management accounting 3.4.3 On the side of the power companies in the North of Vietnam Conclusion of chapter 24 CONCLUSION Business electricity is a particularly important industry in the Vietnamese economy Restructuring in power units towards quality improvement is gradually being completed The author chooses the topic Management accounting of revenue, cost and business results in Power companies in the North of Vietnam for research The author's dissertation has achieved results as set out by the goal of the thesis ... NORTH OF VIETNAM 2.1 Overview of Vietnam Power companies 2.1.1 Overview of Vietnam's Electricity Industry Electricity distribution activities are related to the provision of electricity distribution... website of Vietnam Electricity: www.evn.com.vn, The Northern Power Corporation: www.evnnpc.com.vn, Hanoi Electricity Corporation: https://evnhanoi.vn and websites of Electricity units under EVN... Reality of getting initial information about accounting, management of revenue, expenses and business results Hoan Kiem Electricity, Cau Giay Power, Dan Phuong Power, Son Tay Electricity, Nam
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