IMPROVING THE ACCOUNTING WORKFLOW IN MAI NGOC TRAINING AND CONSULTING CO , LTD

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO., LTD CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING C

IMPROVING THE ACCOUNTING WORKFLOW

IN MAI NGOC TRAINING AND CONSULTING

CHAPTER 5: CONCLUSION AND RECOMMENDATION

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING

CHAPTER 3: RESEARCH METHODOLOGY

CHAPTER 2: LITERATURE REVIEW

CHAPTER 1: INTRODUCTION

1.1 Introduction

This chapter, the researcher focuses on introducing an overview of the research topic, presenting research context based on theory and practical basis, research issues At the same time, present the research objectives and questions, the significance, scope and limitations of the study

1.2 Background of the study

• Accounting organization is one of the important content in the management organization

• The accounting organization is not simply the organization of a managerial part in an enterprise, but it is also the establishment of factors, conditions as well as relationships that directly or indirectly affect activities

• Mai Ngoc Consulting and Training Co., Ltd is a private enterprise

established in 2017 according to the business registration license number

4601328667 The company's product is a service so financial management

is a relatively heavy responsibility However, it determines the company's destiny and long-term development

CHAPTER 1: INTRODUCTION

1.3 Statement of the Problem

Although Mai Ngoc Consulting and Training Co., Ltd is an

enterprise operating in the field of accounting training, however,

due to her young age, the reality shows that although the

accounting organization at the

1.4 Research objectives and questions

To accomplish this purpose, the research tasks set out are: Systematize and clarify the general theoretical basis of the accounting work in the enterprise in general.

Two research questions:

What is the real situation of accounting work at Mai Ngoc Consulting and Training Co., Ltd?

What are the limitations of the accounting organization at Mai Ngoc

Consulting and Training Co., Ltd.? Which solution to help improve the

accounting organization at Mai Ngoc Consulting and Training Co., Ltd?

CHAPTER 1: INTRODUCTION

1.5 The Significance of the study

The subject has contributed to systematizing the theoretical issues about the organization of the accounting work in the business in

general and Mai Ngoc Consulting and Training Co., Ltd in particular.

1.6 The Scope of the study

• Organize the accounting voucher system.

• Organize the accounting account system.

• Organize the application of accounting book systems and forms of accounting.

• Organize accounting checks.

• Organize the accounting apparatus.

• Organize the preparation and analysis of accounting reports.

• Organize to preserve and archive Accounting vouchers.

CHAPTER 2: LITERATURE REVIEW

CHAPTER 2: LITERATURE REVIEW

The order of recording accounting books in the form of Diary - Ledger

CHAPTER 2: LITERATURE REVIEW

The order of recording in the form of Diary-Voucher accounting

Bookkeeping vouchers and allocation tables

List Voucher diary Detailed accounting cards and

books

Ledger Detailed composite

panel

Financial report

CHAPTER 3: RESEARCH METHODOLOGY

 The survey questionnaire was built to collect the answers to the

research question included:

 How to organize the accounting work in the company?

 How to organize Accounting vouchers in the company?

 Is the account system open scientific?

 Is the accounting book organization done well?

 How is the reporting system of the departments?

• Secondary data: for the thesis is explored, collected from the organization charter, reports, documents, related regimes on the organization of the

accounting work In addition, the company also collects accounting books and reports of the company

• Primary data:To collect primary data, the author takes a list of directors, department heads and finance - accounting staff from the HR department

• Data analysis: After obtain data from the survey questionnaires, the author performed analysis by classifying the information by group, according to the influencing factor of the accounting working organization

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

Financial-Trainning department

Professional advice

Organizational diagram of the company

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

• Specifically, for advance payments, the company uses the form

"Application for advance", but in reality it is difficult to manage the

advance balance of individuals or collectives up to the time of advance

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

Gener

al accoun tant

Treasu rer Chief accountant

Organizational chart of accounting apparatus at Mai Ngoc Consulting

and Training Company Limited

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

The actual survey results show that the assessed accounting account system has

an average score of> 4, which means that the company has effectively applied the account system The accounting account system used at the company has

contributed to the recognition and regular and continuous reflection on the receipt and use of funds from different financial sources, contributing to strict

management of revenues, expenditures and use of resources for the right

purposes

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

Financial accounting report

Management accounting report

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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Targets Average score Detailed revenue book list 3.1

Detailed cost book list 3.0

Detailed book list of

accounts

3.2

General book list 2.5

Survey results show that a detailed list of revenue books, a detailed list of expenses, a detailed list of accounts with an average score greater than 3

points Thus, these criteria have been accepted and used effectively For

the summary book list with the lowest average score of 2.5 and less than 3, according to the survey participants, this type of book has not been used

effectively.

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

Thus, the survey results show that the annual report making time is best

evaluated with an average score of 4.1 For the time of quarterly and monthly reports, the average scores are 3.3 and 3.2, respectively That means that the quarterly and monthly reporting time is accepted at a normal level by the

survey participants

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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Targets Average score rated Internal inspection level 2.5

External inspection level 1.5

The survey results show that the average internal inspection is 2.5, meaning that the internal inspection is not frequent, meaning that the company has not organized a separate accounting inspection department The accounting inspection is mainly done by the chief accountant and accountants Regarding the external inspection level, having a low rating of 1.5 means very infrequent

CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF

ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Existence

 Regarding to accounting apparatus organization

 Regarding to organization of the accounting voucher system

 Regarding to organization of the accounting account system

 Regarding to accounting book system

 Regarding to financial reporting system

 Regarding to organization of accounting inspection

 Regarding to application of information technology in accounting work

organizations

Causes

1 Due to the rapid changes in policies, information and decrees of the

Government, the company as well as the accounting department of the

company cannot grasp in time to apply it into practice

2 Some of the accounting staff of the Finance - Accounting Department have been trained yet, their qualifications are not really uniform, sometimes

working is subjective

2 It is necessary to consider how much or less the company's accounting work is in order to recruit or reduce accountants, to avoid the situation of employees being too idle or having to do too many jobs leading to poor

Training Co., Ltd

2 Nâng cao nhận thức cho Hiệu trưởng về tầm quan trọng của việc quản lý chất lượng chăm sóc CS-GD trẻ, đáp ứng nhu cầu và mang đến sự hài lòng cho phụ huynh

3 xây dựng tập thể giáo viên vững mạnh về năng lực sư phạm, phẩm chất đạo đức là mục tiêu hàng đầu trong công tác quản lý

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and

Training Co., Ltd

4 Complete the document rotation:

5 Complete document inspection:

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and

Training Co., Ltd

2 For example, for receivables and payables, the Company should classify and track receivables from customers, liabilities payable to suppliers over time the debt payments are short-term or long-term to have a plan debt collection or timely payment

3 The classification of short-term or long-term bad debts helps the determination of the appropriation and accounting for doubtful debts of the Company to be more accurate

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and

Training Co., Ltd

to provide the programmer to modify the accounting software

to ensure that the correct specifications, contents and book templates are met

2 The establishment of a management accounting system should be based on the purposes and requirements of the administrator and on the size of the company to establish a suitable management accounting system

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

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CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and

Training Co., Ltd

2 Complete the analysis of accounting reports.

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and

Training Co., Ltd

2 The accounting inspection is not only on books and reports, but also goes into depth in both the working process, the accounting process of

economic operations, and the legitimacy of the arising economic transactions

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and

Training Co., Ltd

1 The company using ACMAN accounting software

is relatively complex, requiring accountants to have certain expertise in informatics, especially software applications to serve accounting work

2 The accounting software at the units periodically must be upgraded and supplemented with

inappropriate elements to perfect the accounting software

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD

CHAPTER 4: REAL SITUATION ORGANIZATION OF ACCOUNTING AT MAI NGOC ADVISORY AND TRAINING CO.,

LTD Propose solutions to improve accounting work at Mai Ngoc Consulting and

Training Co., Ltd

CHAPTER 5: CONCLUSION AND RECOMMENDATION

The first is to analyze and clarify a number of theoretical issues about the accounting organization, helping the Company to realize the important role of the accounting organization From the current status of the accounting organization, the advantages and disadvantages have been assessed objectively and from then on, proposing the contents to perfect the accounting organization in order to provide fully timely

In the limited framework of the thesis, the content of the thesis has basically met the objectives and requirements set out The application of accounting work at Mai Ngoc Consulting and Training Co., Ltd also depends on the actual conditions

of the Company as well as the views of the company's leaders Despite many efforts, but due to limited time and qualifications, the thesis is difficult to avoid its shortcomings

IMPROVING THE ACCOUNTING WORKFLOW IN MAI NGOC TRAINING

AND CONSULTING CO., LTD