Information of the first internship report copy copy

ĐỖ KIỀU ANH CLASS: CQ55/21.09 FIRST INTERNSHIP REPORT TOPIC: ACCOUNTING FOR SALES, REVENUE AND BUSINESS RESULTS IN NGOI SAO HOANG GIA INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY MAJO

ĐỖ KIỀU ANH CLASS: CQ55/21.09

FIRST INTERNSHIP REPORT

TOPIC:

ACCOUNTING FOR SALES, REVENUE AND BUSINESS

RESULTS IN NGOI SAO HOANG GIA INVESTMENT AND

DEVELOPMENT JOINT STOCK COMPANY

MAJOR: BUSINESS ACCOUNTING INSTRUCTOR: MSC PHẠM PHƯƠNG ANH

Hanoi-2021

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CONTENTS FIRST INTERNSHIP REPORT 3 DETAILED OUTLINE 7 FINANCIAL STATEMENT 13

FIRST INTERNSHIP REPORT

I INFORMATION ABOUT MENTOR

PHAM PHUONG ANH MSc Lecture of Financial Accounting Department Accounting Faculty – Academy of Finance Mobile: 0856888187 Email: phuonganh1001@gmail.com

II INFORMATION ABOUT MENTEE

Name of mentee: Do Kieu Anh Class: CQ55/21.09

Mobile: 0376.355.299 Email: dokieuanh20101999@gmail.com III REPORTED CONTENTS:

1 Name and address of internship entity:

Ngoi Sao Hoang Gia Investment and Development Joint Stock Company

2 Name of intended topic:tên đề tài Accounting for revenue and evaluating results in business

3 Management characteristics of internship entity:

No Reported Content Information

1 Type of business Joint-stock company

2 Main business sector Commercial

3 Main provided items or

services

Machinery, equipment and other machine parts

4 Organizational characteristics of accounting work at internship entity:

No Reported Content Information

1 Organization model of

accounting apparatus

Centralized

2 The accounting regime is

applied

Circular 133/2016/TT-BTC

3 Accounting period A fiscal year

4 Method of declaring and

paying VAT

Credit method

5 Inventory accounting

method

Regular declaration method

6 Method of calculating the

cost of issued supplies

Weighted-average

7 Method of calculating the Weighted-average

3

cost of issued goods

8 Fixed asset depreciation

method

Straight-line method

9 Accounting software used SIEUVIET

10 Basic accounting tasks at

internship entity (describe

the main work of each

task)

- Cash accounting

- Materials, tools and

supplies accounting

- Fixed assets accounting

- Payroll accounting

- Cost accounting

- Sales and business result

accounting

- Preparing financial

statements

- Other tasks

5 Collected documents:

No Content List of vouchers or accounting books collected

1 Cash accounting - Cash accounting

1.Receipts 2.Pay slip 3.Payment national budget 4.Cash inventory sheet 5.Payment demand letter 6.Application for advance 7.Payment for advance letter 8.Payment statement

9.Voucher - Cash in bank accounting 1.Debit advice

2.Credit note 3.Accreditative

4.Payment national budget

2 Materials, tools and

supplies accounting

1.Stock received docket 2.Delivery slip

3.Invoice value-added input 4.Invoice value-added output 5.Post-entry duty

6.Delivery records 7.Puotation

8.Order 9.Economic contract

10 Record on liquidation of economic contracts

11 Product delivery slip

12 Record on supplies, materials and tools

13 Stock received statement

14 Delivery statement

15 Tement Allocation of materials and tools

3 Fixed assets accounting 1.Delivery records

2.Record on liquidation of fixed assets 3.Delivery records of repaired fixed assets 4.Record on re-evaluation of fixed assets 5.Record on Fixed assets inventory 6.Allocation of depreciation of fixed assets.

4 Payroll accounting 1.Timesheets

2.Payroll 3.The list remitted wages 4.Payroll and social insurance allocation 5.Timesheet overtime,

6.Payment tablev of wage 7.Labor contract, regulations

5 Cost accounting - Sales expenses: Pay table

- Fixed asset depreciation expenses: Allocation of depreciation of fixed assets

- Service costs: VAT invoice

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- Cost of raw materials, tools: Delivery slip, Allocation of materials and tools

- Expenses in cash: Pay slip, Debit advice

6 Sales and business result

accounting

- Sales accounting

1 VAT invoice

2 Bill of sale

3 Retail Listings

4 Credit note, Receipts - Business result accounting 1.Purchase contract 2.VAT invoice 3.Bill of sale 4.Delivered note 5.Record on liquidation of economic contracts 6.Receipts

7.Credit note 8.Pay table of sale of agents and checked goods and consignment

7 Preparing financial

statements

1.Subsidiary ledger 2.Cash disbursement/receipt journal 3.General ledger

4.Sales/Purchase journal 5.General journal

6.Balance sheet 7.Financial statement of the previous year

8 Other tasks

Signature of reporter

Anh

Do Kieu Anh

DETAILED OUTLINE CHAPTER I: BASIC ISSUES OF SALES ACCOUNTING AND

DETERMINATION OF SALES RESULTS IN COMMERCIAL

ENTERPRISES

1.1 The necessity to organize sales accounting and determine sales results in commercial enterprises

1.1.1 Sales and determination of sales results

1.1.1.1 Concept of sales

1.1.1.2 Concept of determining sales results

1.1.1.3 Relationship between sales and determination of sales results

1.1.2 Management requirements for sales activities and determination of sales results

1.1.3 Role of sales accounting and determination of sales results in commercial enterprises

1.1.4 Tasks of sales accounting and determination of sales results in commercial enterprises

1.2 Sales accounting and determination of sales results in commercial enterprises

1.2.1 Sales methods and payment methods

1.2.1.1 Sales Method

1.2.1.1.1 Wholesale

1.2.1.1.2 Retail

1.2.1.1.3 Other methods

1.2.1.2 Forms of payment

1.2.1.2.1 Immediate payment

1.2.1.2.2 Post-payment

1.2.1.2.3 Instalments

1.2.2 Accounting of cost of goods sold in commercial enterprises

1.2.2.1 Method of determining the cost of goods sold

1.2.2.2 Documents and accounts used

1.2.2.3 Accounting process

1.2.2.3.1 Accounting of cost of goods sold by regular declaration method 1.2.2.3.2 Accounting of cost of goods sold by the method of periodical inventory

1.2.3 Accounting of sales revenue in commercial enterprises

1.2.3.1 Revenue concept and recording conditions

1.2.3.2 Documents and accounts used

1.2.3.3 Accounting process of some main transactions

1.2.3.3.1 In case the enterprise calculates VAT by tax credit method

1.2.3.3.2 In case the enterprise calculates VAT by direct method

1.2.4 Accounting of revenue deductions

1.2.4.1 Content

1.2.4.2 Documents and accounts used

1.2.4.3 Accounting process of some main transactions

1.2.5 Accounting of sales expenses

1.2.5.1 Content

1.2.5.2 Documents and accounts used

1.2.5.3 Accounting process of some main transactions

1.2.6 Accounting of enterprise management costs

1.2.6.1 Content

1.2.6.2 Documents and accounts used

1.2.6.3 Accounting process of some main transactions

1.2.7 Accounting of business results

1.2.7.1 Content

1.2.7.2 Documents and accounts used

1.2.7.3 Accounting process of some main transactions

1.3 Organizing the sales accounting system and determining business results

in commercial enterprises

1.3.1 General Journal

1.3.1.1 Types of Books

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1.3.1.2 Advantages and Limitations

1.3.2 Form of Journal – Ledger

1.3.2.1 Types of Books and Book charts

1.3.2.2 Advantages and Limitations

1.3.3 Form of Book-recording documents

1.3.3.1 Book types and Book schemes

1.3.3.2 Advantages and Limitations

1.3.4 Form of Journal – Documents

1.3.4.1 Book types and Book schemes

1.3.4.2 Advantages and Limitations

1.3.5 Organizing sales accounting under conditions of application of information technology

1.3.5.1 Book recording diagram

1.3.5.2 Advantages and Limitations

1.4 Organizing the presentation of sales information and determining sales results on financial statements

1.4.1 Indicators and meaning of sales indicators and determination of sales results on financial statements

1.4.1.1 Indicators of Sales and service provision

1.4.1.2 Indicators of Revenue Deductions

1.4.1.3 Indicators of Net Revenue and Revenue Deductions

1.4.1.4 Indicators of price of goods sold

1.4.1.5 Indicators of Gross Profit for Sales and Service Provision

1.4.1.6 Indicators of Sales expenses

1.4.1.7 Indicators of Enterprise management cost

1.4.2 The manner to set sales indicators and determine sales results on financial statements

1.4.2.1 Indicators of Sales and service provision

1.4.2.2 Indicators of Revenue Deductions

1.4.2.3 Indicators of Net Revenue and Revenue Deductions

1.4.2.4 Indicators of price of goods sold

1.4.2.5 Indicators of Gross Profit for Sales and Service Provision

1.4.2.6 Indicators of Sales expenses

1.4.2.7 Indicators of Enterprise management cost

CHAPTER II: STATUS OF SALES ACCOUNTING AND DETERMINATION

OF BUSINESS RESULTS AT NGOI SAO HOANG GIA INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY

2.1 Introduction to Company

2.1.1 Formation and development of the company

2.1.1.1 Overview introduction of the company

2.1.1.2 History of formation and development of the company

2.1.1.3 Business situation of the company in recent years

2.1.2 Characteristics of the company's business organization

2.1.3 Characteristics of the company's management organization

2.1.3.1 Structure of Management system

2.1.3.2 Functions and tasks of departments

2.1.4 Characteristics of organization of accounting at the Company

2.1.4.1 Organization of the accounting system at the company

2.1.4.2 Accounting policies and regulations applicable at the Company

2.1.4.3 Characteristics of SIEUVIET accounting software used at the company

2.2 Situation of organizing sales accounting and determining sales results at Company

2.2.1 Accounting of sales revenue and revenue deductions

2.2.1.1 Accounting of sales revenue

2.2.1.1.1 Sales Process of the company

2.2.1.1.2 Sales Methods of the company

2.2.1.1.3 Payment methods of the company

2.2.1.1.4 Sales Policy of the company

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2.2.1.1.5 Documents used and procedures for rotation of documents in sales revenue accounting

2.2.1.1.6 Accounts used and accounting process of the main transaction at the company

2.2.1.1.7 Illustration for sales at the company

2.2.1.1.7.1 Examples of immediate-payment sales

2.2.1.1.7.2 Examples of post-pay sales

2.2.1.2 Accounting of revenue deductions at the company

2.2.1.2.1 Content

2.2.1.2.2 Documents and accounts used

2.2.1.2.3 Accounting order of some main transactions

2.2.2 Accounting of cost of goods sold at the Company

2.2.2.1 Method of determining the cost of goods sold at the company

2.2.2.2 Documents used and procedures for rotation of documents in cost of goods sold accounting

2.2.2.3 Accounts used and accounting process in accounting of cost of goods sold

2.2.3 Accounting of sales expenses

2.2.3.1 Contents of sales expenses at the company

2.2.3.2 Documents and accounts used

2.2.3.3 Accounting order of main transactions

2.2.3.4 Illustration for a transaction

2.2.4 Business management costs

2.2.4.1 Contents of enterprise management costs at the company

2.2.4.2 Documents and accounts used

2.2.4.3 Accounting order of main transactions

2.2.4.4 Illustration for a transaction

2.2.5 Accounting of business results at the Company

2.2.5.1 Accounting contents of determining sales results at the company

2.2.5.2 Documents and accounts used

2.2.5.3 Accounting order of main transactions

2.2.5.4 Illustration of determining sales results, viewing and exporting types

of books and reports

CHAPTER III: SOLUTIONS TO COMPLETE SALES AND BUSINESS RESULTS ACCOUNTING AT NGOI SAO HOANG GIA INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY

3.1 General assessment on accounting at Company

3.1.1 Advantages

3.1.2 Limitations

3.2 Assessment s on the organization of sales accounting and determination of sales results at Company

3.2.1 Advantages

3.2.2 Limitations

3.3 The solution for improvement of the sales accounting organization and the business results at Company

3.3.1 The importance of completing sales accounting and determine sales results

3.3.2 Some recommendations to enhance the sales accounting organization and determine the sales results at the company

Thank you for reading my report!

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