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Accounting Chart of Major Economic Transactions

Diagram 2.8. Diagram of accounting for business management costs

111,112, 152,

153, 242, 331


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334,338

642 111,112

Accounting Chart of Major Economic Transactions



spend

Material and tool costs Revenues decreased by 133


Cost of salary, wages, allowances, social insurance, health insurance, unemployment insurance, union fees, food expenses

shifts and salary deductions


214

Fixed asset depreciation costs


N

242,335


QLD cost KC


911


Provisions for payables on corporate restructuring, high-risk contracts, other provisions for payables

352


2293

Amortized costs, accrued costs


2293


Refund the difference

Provision for doubtful debts

111,112,153,

141,331,335

Outsourcing service costs, costs

Other cash fees 133

VAT Input VAT

not deductible

333

Business license tax, land tax payable

The amount of provision for doubtful debts set aside last year that has not been used up is greater than the amount set aside this year.


352


Reversal of provisions payable for product and goods warranty costs


155,156

Products, goods and services for internal consumption for business management purposes


2.4.4. Financial cost accounting

2.4.4.1. Concept[2]

Financial expenses are costs and expenses related to capital activities and financial investment activities such as: losses from securities transfer, losses from joint venture capital contributions, lending and borrowing costs, etc.

2.4.4.2. Accounting principles[1]

- This account reflects financial operating expenses including expenses or losses related to financial investment activities, lending and borrowing costs, joint venture and association capital contribution costs, short-term securities transfer losses, securities transaction costs; Provision for devaluation of trading securities, provision for investment losses in other entities, losses arising from selling foreign currencies, exchange rate losses...

- Account 635 must be accounted for in detail for each cost item. The following cost items are not accounted for in account 635:

+ Costs for product production and service provision;

+ Selling expenses;

+ Business management costs;

+ Real estate business costs;

+ Basic construction investment costs;

+ Expenses covered by other funding sources;

+ Other costs.

- Bond issuance costs are gradually allocated in accordance with the bond term and are recorded in financial expenses if the bond issuance is for normal production and business purposes.

- Interest payable on convertible bonds is included in financial expenses during the period and is determined by multiplying (x) the value of the initial principal of the convertible bond with the interest rate of similar bonds on the market but without the right to convert into shares or the common borrowing interest rate on the market at the time of issuance of convertible bonds (see detailed regulations in the guidance section on account 343 - Issued bonds).

- If the preferred stock is classified as a liability, the preferred dividend is essentially interest and should be recognized as a finance expense.

2.4.4.3. Accounting documents

- Interest calculation slip

- Payment voucher

2.4.4.4. User account

Using account 635 – Financial expenses Structure and content of account 635

Debit account 635 Credit

- Interest expense on loans, interest on deferred purchase, interest on financial lease assets;

- Foreign currency sales loss;

- Payment discount for buyers;

- Losses from liquidation and sale of investments;

- Exchange rate loss arising during the period; Exchange rate loss due to year-end revaluation of foreign currency items;

- Provisions for devaluation of trading securities and provisions for loss on investments in other entities;

- Other financial investment expenses.

- Reversal of provisions for devaluation of trading securities, provisions for loss on investment in other entities (the difference between the provision amount to be set up this period is less than the provision amount set up last year that has not been fully used);

- Amounts recorded as reductions in financial expenses;

- At the end of the accounting period, transfer all financial expenses incurred during the period to determine business performance.


2.4.4.5. Accounting diagram of main economic transactions

Diagram 2.9. Financial cost accounting diagram

413 635 2291,2292

Handling exchange rate losses due to revaluation of accounts

Foreign currency items at the end of the period recorded in CPTC

121,228,

221, 222

Loss on sale of investments

111,112

Reversal of the difference in provision for devaluation of securities investment and loss on investment in other entities

Proceeds from sale of investments

2291, 2292

Joint venture and association operating costs

Provision for stock price decrease and provision for investment loss in other entities

111,112,331 911

Payment discount for buyers


111,112,335,242

Interest payable on loans, interest allocation on purchases on deferred payment and installment payments

1112,1122 1111,1121

Sell ​​foreign currency


End of period financial expense transfer


Foreign currency sale loss 152,156,221,642

Purchase of materials, goods,

foreign currency services

Exchange rate loss

Payment of liabilities in foreign currency

331,336,341


131,136,138

Collection of receivables in foreign currency

1112,1122

2.4.5. Other cost accounting

2.4.5.1. Concept[2]

Other expenses are expenses arising from events or transactions separate from the normal operations of the business such as liquidation costs, sale of fixed assets, fines for breach of contract, etc.

2.4.5.2. Accounting principles[1]

- Other business expenses may include:

+ Cost of liquidation and sale of fixed assets (including costs of bidding for liquidation activities). The amount collected from selling bidding documents for liquidation and sale of fixed assets is recorded as a reduction in costs of liquidation and sale of fixed assets;

+ The difference between the fair value of assets divided from BCC is less than the investment cost of constructing jointly controlled assets;

+ Remaining value of demolished fixed assets;

+ Remaining value of liquidated fixed assets, fixed asset sale (if any);

+ Loss difference due to revaluation of materials, goods, fixed assets contributed as capital to subsidiaries, joint ventures, investments in associated companies, other long-term investments;

+ Fines payable for breach of economic contracts, administrative fines;

+ Other expenses.

- Expenses that are not considered as corporate income tax expenses according to the provisions of the Tax Law but have full invoices and vouchers and have been accounted for correctly according to the Accounting Regime shall not be recorded as a reduction in accounting expenses but only adjusted in the corporate income tax finalization to increase the amount of corporate income tax payable.

2.4.5.3. Accounting documents

- VAT invoice, sales invoice

- Minutes of contract breach

- Tax and fine payment receipt

- Payment voucher

2.4.5.4. User account

Use account 811 – other expenses

Structure and content of account 811

Debit account 811 Credit

Other expenses incurred.

At the end of the period, transfer all other expenses incurred during the period to account 911.

2.4.5.5. Accounting diagram of main economic transactions

Diagram 2.10. Diagram of other cost accounting

Other expenses incurred (operating expenses)Other expenses ( liquidation, sale of fixed assets, etc.) to determine business results

338,331

When paying fines


211,213

Original price of fixed assets contributed as capital to joint ventures and associations

Penalty for breach of contract

214

Depreciation value

222,223

Value of capital contribution in joint ventures and associations

111,112,138


Collecting and selling bidding documents for liquidation and sale of fixed assets

The difference between the revaluation price and the remaining value of the fixed asset

111,112,131,141 811 911


2.4.6. Accounting for corporate income tax expenses

2.4.6.1. Concept[2]

Corporate income tax is a direct tax, levied directly on the taxable income of establishments producing and trading goods and services after deducting expenses related to generating revenue and taxable income of the establishment.

2.4.6.2. Accounting principles[1]

- This account is used to reflect the enterprise's corporate income tax expense, including current corporate income tax expense and deferred corporate income tax expense arising during the year as the basis for determining the enterprise's after-tax business performance in the current fiscal year.

- Current corporate income tax expense is the amount of corporate income tax payable calculated on taxable income in the year and the current corporate income tax rate.

- Deferred corporate income tax expense is the amount of corporate income tax that will be payable in the future arising from:

+ Record deferred income tax payable during the year;

+ Reversal of deferred income tax assets recorded from previous years.

- Deferred corporate income tax income is a reduction in deferred corporate income tax expense arising from:

+ Record deferred income tax assets during the year;

+ Reversal of deferred income tax liabilities recorded from previous years.

2.4.6.3. Accounting documents

- Provisional corporate income tax return, tax payment receipt

- Annual corporate income tax settlement report

- Business performance report

- Relevant accounting documents

2.4.6.4. User account[1]

Use account 821 – corporate income tax expense

Structure and content of account 821

Debit side:

- Current corporate income tax expense incurred during the year;

- Current corporate income tax of previous years payable additionally due to discovery of immaterial errors of previous years is recorded as an increase in current corporate income tax expense of the current year;

- Deferred corporate income tax expense arising during the year from the recognition of deferred income tax payable (is the difference between deferred income tax payable arising during the year greater than deferred income tax payable reversed during the year);

- Record deferred corporate income tax expense (the difference between deferred income tax assets reversed in the year is greater than deferred income tax assets arising in the year);

- Transfer the difference between the amount arising on the credit side of account 8212 - "Deferred corporate income tax expense" greater than the amount arising on the debit side of account 8212 - "Deferred corporate income tax expense" arising during the period to the credit side of account 911 - "Determination of business results".

Creditor:

- The actual current corporate income tax payable in the year is less than the current corporate income tax provisionally payable and is deducted from the current corporate income tax expense recorded in the year;

- The amount of corporate income tax payable that is reduced due to the discovery of immaterial errors in previous years is recorded as a reduction in current corporate income tax expense in the current year;

- Record deferred corporate income tax expense and record deferred income tax assets (the difference between deferred income tax assets arising in the year is greater than deferred income tax assets reversed in the year);

- Record a reduction in deferred corporate income tax expense (the difference between deferred income tax payable reversed in the year is greater than deferred income tax payable arising in the year);

- Transfer the difference between the current corporate income tax expense arising in the year greater than the amount recorded as a reduction in current corporate income tax expense in the year to account 911 - "Determination of business results";

- Transfer the difference between the amount arising on the Debit side of account 8212 greater than the amount arising on the Credit side of account 8212 - "Deferred corporate income tax expense" arising during the period to the Debit side of account 911 - "Determination of business results".

Account 821 - "Corporate income tax expense" has no ending balance.

Account 821 - Corporate income tax expense has 2 sub-accounts:

- Account 8211 - Current corporate income tax expense;

- Account 8212 - Deferred corporate income tax expense.

2.4.6.5. Accounting diagram of main economic transactions

Diagram 2.11. Diagram of accounting for corporate income tax expenses Current corporate income tax expense accounting

3334 8211 911


The current income tax payable in the period is determined by the enterprise itself.

Current corporate income tax expense


The difference between the provisional corporate income tax payable and the amount payable

Accounting for deferred corporate income tax expense


347 8212 347

The difference between the amount of corporate income tax payable arising during the year is greater than the amount of corporate income tax payable being refunded during the year.

The difference between the amount of corporate income tax payable arising during the year is less than the amount of corporate income tax payable that is refunded during the year.


243 243

The difference between the amount of taxable assets arising and the amount of taxable assets reversed in the year

Difference between tax assets

The arising TNHL is greater than the TNHL tax asset reversed in the year


911 911

Difference between credit and debit account 8212

Difference between credit amount and debit amount in account 8212


2.5. Determine business results

2.5.1. Concept[2]

Business results are the final results of a company's production, business and other activities after a certain period, expressed in terms of profit or loss.

2.5.2. Accounting principles[1]

- This account is used to determine and reflect the business performance and other activities of an enterprise in an annual accounting period. The business performance of an enterprise includes: Production and business performance, financial performance and other performance.

+ The result of production and business activities is the difference between net revenue and cost of goods sold (including products, goods, investment real estate and services, production cost of construction products, costs related to investment real estate business activities, such as: depreciation costs, repair and upgrade costs, rental costs).

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