Accounting for production costs and product pricing of P&G Advertising and Trading Company Limited - 1

5.4. Method of evaluating unfinished products 40

5.5. Costing method 40

5.6. Accounting monitoring and control measures to save production costs and reduce product prices 41

B6. Finished product accounting and finished product consumption 41

6.1. Finished goods accounting 41

6.2. General accounting of sales process 44

6.4. Accounting for determining business results 47

I. REASONS FOR CHOOSING GRADUATION THEME 49

1. Necessity for business and significance for yourself 49

II. ADVANTAGES AND DIFFICULTIES OF THE COMPANY AFFECTING ACCOUNTING WORK BY TOPIC 50

2.1. Advantages 50

2.2. Difficulties 51

III. CONTENT OF SALARY ACCOUNTING AND SALARY DEDUCTIONS AT COMPANY 52

1. Actual accounting work at company 52

2. Method of calculating salary, calculating social insurance in lieu of salary and method of deducting social insurance, health insurance, and trade union contributions 55

3. Accounting for salaries and social insurance paid in lieu of salaries at company 57

a. Diagram of accounting for salaries and social insurance at company 57

b. Timesheet 58

PART III. CONCLUSION 76

1. The role of labor in the company's production and business activities .. 76

2. The role of salary in company operations 76

3. The role of salary deductions (social insurance, health insurance, unemployment insurance) of the company

................................................................ ................................................................ ................ 77

THANKS 78

INTRODUCTION

Currently, our country's economy is gradually developing in the direction of integration with the regional and world economies. The business activities of enterprises are increasingly diverse, rich and vibrant, requiring the laws and economic measures of the state to be innovated to meet the needs of the developing economy.

Accounting is one of the important economic management tasks serving the increasingly perfect economic management. To serve the accounting work, production cost accounting and product costing are indispensable subjects in the production and business process. In the current market economy, businesses are required to compete fiercely because the ultimate goal is profit. Therefore, businesses must strive to produce enough quantity, ensure product quality and reduce costs. To be able to gain high profits, many factors are needed, but the most important factor is still product cost. According to the current accounting regime, product cost includes 3 main cost items: direct material cost, direct labor cost, and general production cost. Therefore, if direct material cost is reduced, the cost will be reduced.

In that situation, I chose the internship topic "Production costs and product pricing". To be able to do this job well, I realized that P & G Advertising and Trading Company Limited is a trusted unit in the business world or in fact, the quality assured products are gradually being completed ahead of schedule.

The performer

Le Thi Ha

INTRODUCTION

Currently, our country's economy is transforming from a centralized bureaucratic mechanism to a market mechanism with micro-regulation by the State in a socialist orientation, leading to a series of problems arising in all fields, especially in the economic field.

As a student majoring in business at the production facility of the North Thang Long Semi-Public Technical and Economic High School. After finishing the theory, the school organized us to do an internship at the enterprise. Through this internship, I have somewhat understood that a business or any production and business unit in the current economy, if it wants to survive and develop, needs to have an administrative management system, a reasonable product production technology process, especially a complete payroll accounting system.

Due to limited conditions and internship time, my report is certainly lacking. I look forward to receiving additional comments from teachers and the accounting department at P & G Advertising and Trading Company Limited.

Hereby, I would like to sincerely thank the dedicated guidance of the instructors of the Bac Thang Long Technical - Economic Semi-Public High School and the departments at P&G Advertising and Trading Company Limited, especially the accounting department and the labor organization department, who helped me complete this report.

The performer

Nguyen Thi Loi

PART I. GENERAL

I. FOR MANUFACTURING ENTERPRISES

A1. General characteristics of the internship unit

1. The formation and development process of P&G Advertising and Trading Company Limited

- Formation process and general information of the company Company name: P & G Trading and Advertising Company Limited Trading name: P & G trading and advertising company limited Abbreviated trading name: P & G Co. LTD

+ Head office address: 270 Tran Khat Chan Street, Thanh Hoa Ward

Leisure Hai Ba Trung district - Hanoi.

+ Transaction office address: 368 Tran Khat Chan, Thanh Nhan ward, Hai Ba Trung district - Hanoi

+ Phone: 9711210 - 9722353 Fax 9722353

Previously, in the centralized economy, state-owned enterprises decided all activities in our country's economy. Economic transaction relationships were only allowed to be limited between state-owned enterprises, which limited our state economy. Therefore, after 1989, the country's economy shifted to a market economy under state management. The state allowed the establishment of many new types of enterprises besides state-owned enterprises, the most common of which were still limited liability companies.

Pursuant to the Enterprise Law: No. 13/1999/10 QH approved by the National Assembly of the Socialist Republic of Vietnam.

Socialist Republic of Vietnam passed on June 12, 1999.

P & G Advertising and Trading Company Limited was established on April 15, 2003 with capital contribution from 2 members.

Mr. Nguyen Van Phong

Mrs. Le Anh Tuyet

The total initial capital of the company reached the charter capital of 950,000,000 VND. With valid documents, the enterprise was granted a certificate of registration by the Department of Planning and Investment of Hanoi city.

Company's business sector

- Advertising and advertising related services

- Printing and printing related services.

- Trading in equipment and materials for the advertising industry

- Commercial brokerage

- Agent for purchasing, agent for selling and consigning goods

- Trading in machinery, equipment, spare parts for printing industry, machinery serving advertising industry.

- Economic position of the enterprise

During the years 1999 - 2005, the company has achieved the following achievements:

after:

+ Expanded fields: expanding diverse and rich industries

+ Consumer market: In 1999, advertising and trading company

P&G was established in Hanoi and the company's products are only available in the Hanoi market. But after 6 years with a modern and advanced production model, the products are increasingly diverse in design and style, the high quality of the products is trusted and used by consumers, so the company's products are now available in three regions, the north, the center and the south. In the future, it will expand to foreign markets.

- Profit: in the first years of establishment, the problem of profit was still low, even just break-even. But in recent years 2003, 2004, with the increasing consumption of products, the profit increased much higher than the cost and expenditure. In general, the company is on the rise. Shown in the following table:

Target

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+ Production process

Over the past 3 years, the company has achieved great success that has brought the company

growing rapidly to meet consumer needs.

+ Business development direction

Through the above data table, we can see that the operating situation in 2004 compared to 2003 has changed significantly, specifically shown as follows:

 Total revenue in 2004 > 2003

Specifically: 1911.727.048 > 1.031.406.656

 Proves that the company has had a fairly large scale of investment and development over the past two years.

so the number of people put into use increases.

Not stopping at those achievements, the company is looking to expand.

Expand production scale, expand consumer market, diversify products.

2. Functions and tasks of advertising and trading company limited

P&G

2.1. Function

- Production of printed advertising items

- Increase domestic GDP

- Create jobs for workers

- Improve life

- Beautify the social environment