642,
642,
2
2
Diagram 1.15: Sequence diagram of accounting entries in the form of Journal - Ledger.
c) Accounting form: Bookkeeping vouchers
- Basic characteristics: The direct basis for recording general accounting is "Bookkeeping voucher".
- Main types of books
+Recording documents;
+Registration number of the accounting voucher;
+Ledger;
+Detailed accounting books
Diagram 1.16: Sequence diagram of accounting entries in the form of Accounting Vouchers.
d) Machine accounting form.
- Basic features: Accounting software is designed according to the principles of one of the four accounting forms or a combination of the accounting forms specified above.
- Types of books in computerized accounting:
Accounting software designed according to a certain accounting form will have the types of books of that accounting form but not exactly the same as the handwritten accounting book model.
Diagram 1.17: Sequence diagram of accounting entries in the form of Machine Accounting.
CHAPTER 2
CURRENT STATUS OF ACCOUNTING FOR REVENUE, EXPENSES AND DETERMINATION OF BUSINESS RESULTS AT ANH DUC TOURISM AND SERVICES COMPANY LIMITED
2.1 General characteristics affecting the accounting of revenue, expenses and determining business results at Anh Duc Service and Tourism Company Limited
2.1.1 History of formation and development of Anh Duc Service and Tourism Company Limited
Anh Duc Service and Tourism Company Limited was established on November 1, 2007 under business code 0204000406 approved by the Department of Planning and Investment of Hai Phong city.
With 9 years of operation, An Duc Service and Tourism Co., Ltd. has created for itself a prestigious and solid position in the field of food and beverage services, event organization in the market of Do Son district in particular and the whole city in general. In recent years, due to the awareness of the importance as well as the potential of the food, tourism, entertainment sector of the people of the port city... the company has continuously expanded and developed. With delicious dishes, guaranteed quality, professional and enthusiastic service, Anh Duc Service and Tourism Co., Ltd. has truly created its own brand in the market.
Through the implementation of appropriate policies, the company's business results have been continuously improved over the years. This is shown through the company's business performance report in 2014 and 2015 with the indicators of total revenue, total net revenue, total COGS, total gross profit, total profit before tax.....
Table 2.1 Business production results of the company in the last 2 years at Anh Duc Service and Tourism Company Limited
Target
2014 | 2015 | |
1. Total revenue | 2,074,121,093 | 3,073,682,710 |
2. Total net revenue | 2,074,121,093 | 3,073,682,710 |
3. Total GVHB | 1,523,922,371 | 2,413,560,929 |
4. Gross profit | 550,198,722 | 660.121.781 |
5. Total profit before tax | 52,736,253 | 76,026,332 |
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Trading name: Anh Duc Service and Tourism Company Limited
Type: LLC
Date of operation: November 1, 2007 under investment license number 01/GP – HP of Hai Phong City People's Committee
Company headquarters: Van Hoa Street, Zone 2, Van Huong Ward, Do Son District - Hai Phong City
Phone: 01313.591.464
Tax code: 0200764732
Charter capital: 1,000,000,000
Representative: Director Dinh Thi Cham
Business lines: Restaurant and Short-term accommodation services
2.1.2 Subjects and accounting periods for revenue, expenses, and business results at Anh Duc Service and Tourism Company Limited
- Subjects of revenue and expense accounting at Anh Duc Service and Tourism Company Limited by field of operation
- The subject of accounting for business results at Anh Duc Service and Tourism Company Limited is generally accounted for all business activities of the unit.
- Accounting period for revenue, expenses, and business results at Anh Duc Tourism and Services Company Limited by year
COMPANY DIRECTOR
ACCOUNTING DEPARTMENT
BUSINESS AND HUMAN RESOURCES DEPARTMENT
2.1.3 Characteristics of the management organization at Anh Duc Service and Tourism Company Limited
SERVICE STAFF DEPARTMENT
BAR, RECEPTION DEPARTMENT
KITCHEN PARTS
Diagram 2.1: Organizational chart of the management apparatus at Anh Duc Service and Tourism Company Limited
(Source: Accounting Department of Anh Duc Service and Tourism Company Limited)
Company Director:
is the head of the entire company and is the person who directly leads and operates all business activities through the company's leadership. In addition, the Director is also fully responsible before the law for all internal and external activities of the company.
Sales and human resources department:
Responsible for planning, directing business, monitoring business progress, finding causes and proposing timely corrective and preventive measures.
Advise the director on internal operations, planning, establishing, disseminating and implementing company policies and goals.
Organize the implementation of economic contracts to ensure efficiency, and coordinate with the accounting department to determine the debt situation according to economic contracts to ensure business efficiency.
Responsible for business planning, implementing tasks for departments, planning directions for the next business period. Grasping and summarizing the company's business situation.
Develop and apply internal regulations on labor management and use, be responsible to the company director in implementing policies towards employees.
Implement emulation, reward and discipline work in the enterprise
Accounting department:
Manage administrative work, documents, security, communications, typing...
Organize initial recording, create, control and manage accounting documents according to the provisions of law.
Prepare and manage accounting books according to current financial and accounting regulations.
Prepare, sign, and submit tax reports, accounting reports, and periodic statistical reports according to current financial and accounting regimes.
Organize and perform tasks to meet all requirements of management accounting in the enterprise.
Advise the director in the field of financial management, propose accounting organization plans to the director, and inform the board of directors about financial activities and necessary information to promptly adjust the business operations of the company.
Pay salaries to staff.
2.1.4 Characteristics of the accounting organization and accounting policies applied at Anh Duc Service and Tourism Company Limited
General Accounting
a) Model of accounting organization at the company
Chief Accountant
Treasurer
Sales accounting, accounts receivable, warehouse
Revenue and expenditure accounting
Diagram 2.2: Organizational chart of the accounting department of Anh Duc Service and Tourism Company Limited
(Source: Accounting Department of Anh Duc Service and Tourism Company Limited)
Chief Accountant:
The person appointed by the decision of the company director is responsible for urging the accountants to work effectively. The chief accountant is responsible for organizing and operating the entire accounting system of the company and is under the direction of the director.
General accounting:
Check the provisions of arising economic transactions
+ Check the accuracy between detailed and summary accounting data
+ Check if the ending balance is correctly recorded and matches the detailed report.
+ Accounting for income, depreciation expenses, fixed assets, debts, VAT, tax reports,...
+ Prepare financial reports monthly, quarterly and yearly
+ Store accounting data according to regulations
Revenue and expenditure accounting:
+ Create cash receipts and payments
+ Track the company's cash inflow and outflow
+ Track customer payments
Sales accounting, accounts receivable, warehouse
Track the company's payment status with customers
+ Compare company debt with customers
+ Perform cash book recording
+ Manage documents and books related to cash receipts and disbursements
+ Tracking raw materials imported and exported in the warehouse
Treasurer:
Directly collect and pay money, receive bank documents and monitor account balances at banks.
b) Accounting forms, accounting policies and accounting methods applied at the company
Anh Duc Service and Tourism Company Limited applies the accounting regime according to Decision 48/2006/QD-BTC issued by the Ministry of Finance, the accounting regime for small and medium enterprises.
Accounting year: Starts from January 1 and ends on December 31 of the calendar year
Accounting documents and accounts system: The Company applies Decision 48/2006/QD – BTC issued on September 14, 2006 by the Ministry of Finance.
Currency used: Vietnamese Dong
Method of calculating value added tax: deduction method
Fixed asset depreciation: straight-line method
General Journal accounting form.