Paying salaries and salary deductions. Preparing reports on the situation of labor use in the enterprise, analyzing the situation of labor use, the situation of salary fund use, proposing solutions for effective labor use. Participating in making estimates of direct labor costs, providing documents to make estimates of general production costs, sales costs and business management costs.
- The accounting department collects production costs and calculates product costs: Performs accounting for the collection of production costs, calculates the cost of completed projects and items. Prepares summary and detailed reports on production costs and construction product costs. Provides information to prepare production cost estimates, cost analysis and plans to reduce construction product costs.
- Capital accounting department: Organizes capital mobilization, manages and uses capital sources and specialized funds effectively. At the same time, is responsible for developing the company's financial plan.
Maybe you are interested!
-
General Comments and Assessment of Basic Conditions of the Study Area -
Basic Solutions to Improve Human Resources Treatment at Asia Food and Beverage Company Limited -
Research proposes sustainable water supply solutions for My Tu district in saline intrusion conditions - 10 -
Some Key Solutions and Organizations for Implementing the Goals -
Some Basic Solutions Contribute to Promoting Vietnamese Tourism in the French Market
- Tax accounting department: Declare taxes and analyze the impacts of tax decisions on the company's production and business processes.
- General accounting, inspection and consulting department: This department is divided into two groups:
+ The general accounting group performs the synthesis and checking of the financial accounting part: Collecting, checking and comparing data, preparing related financial reports according to the prescribed regime.
+ The synthesis, analysis and consulting group is part of the management accounting work: Conducting checks on detailed estimates made by other departments to complete the company's budget system. Organizing analysis of cost fluctuations, conducting checks on the company's budget system, checking and analyzing implementation reports. Drafting and analyzing management projects to advise business administrators.
In short, when implementing management accounting in an enterprise according to the combined model, it may not disrupt the organizational structure of the accounting department, but there may not be a clear distinction between the tasks of financial accounting and management accounting of the employees. Therefore, it is possible that the work is mainly carried out towards the goals of financial accounting, the role and responsibility of management accounting are blurred. To solve this problem, it is necessary to have a clear assignment, division of tasks, and determination of tasks and requirements for each accounting employee so that accounting work in general and management accounting work in particular can be carried out smoothly, achieving the goals and management requirements of the enterprise.
3.3. Basic conditions for implementing solutions
To perfect cost management accounting in enterprises, the State and relevant agencies need to have positive impacts with effective and highly feasible measures. In addition, enterprises themselves need to proactively seek their own solutions to contribute to the real development of management accounting.
3.3.1. On the part of the State and the governing sector
- The State needs to perfect the financial mechanism, the legal system, especially economic and financial laws, and continue to perfect the current accounting regime in accordance with the actual conditions of the Vietnamese market and in accordance with international accounting practices and standards.
Only then can the State create a legal environment for all types of enterprises to be equal in business, promoting and encouraging enterprises to operate production and business according to the market mechanism with healthy competition. From there, enterprises will correctly perceive the need to organize management accounting to provide timely information for making appropriate management decisions to respond to the capital market full of fluctuations and unpredictable risks.
- The State needs to develop and issue more specific guidelines on management accounting.
Although the Ministry of Finance has issued Circular No. 53/2006/TT-BTC dated June 12, 2006 on guidelines for applying management accounting in enterprises, the content of the Circular is only general guidance, mainly explaining terminology without specific guidance documents. In reality, only a few enterprises (mainly foreign-invested enterprises) fully use management accounting, these enterprises apply management accounting by learning from parent companies or companies in the group. Most Vietnamese enterprises do not have the conditions and full awareness to apply and implement management accounting. This reduces the effectiveness in the business decision-making process of managers, making it difficult for enterprises to have a high competitive opportunity.
In theory, management accounting is not mandatory, it is applied flexibly by business administrators to suit the characteristics of the situation of organizing and managing their production and business activities. However, in the current specific conditions of our country, the level of accounting staff and the conditions of equipping material means and technical equipment for accounting work among enterprises in an industry, between industries and localities are not equal. Therefore, the State needs to have more specific regulations guiding the basic contents mentioned in Circular No. 53 on guiding the implementation of management accounting for each type of enterprise in each industry and each business field so that enterprises can apply easily. Those regulations can be:
+ Management accounting models for all types of businesses in industries such as industry, agriculture, construction, trade...
+ Management accounting models for large, medium and small businesses
small.
- The State needs to have practical measures to learn and absorb experiences.
from countries with extensive experience in developing management accounting such as the UK, USA, France...
Although management accounting is still new to Vietnam, countries with developed economies have applied it for a long time. Learning from practice and absorbing the experience of countries that have gone before is necessary. The State needs to take measures such as sending experts and financial accountants to countries with extensive experience in developing management accounting to learn from the experience of organizing management accounting work in these countries. At the same time, it is also necessary to invite experienced experts to directly teach those who already have certain knowledge of management accounting to train them to become good experts in management accounting. The State also needs to organize seminars on management accounting with the participation of representatives of enterprises, experts in management accounting as well as those with related responsibilities to work together to build and develop management accounting in Vietnamese enterprises.
- The State needs to develop and unify the content of management accounting in universities and colleges specializing in accounting.
- Currently, in Vietnam, management accounting is only known mainly in theoretical form, taught in a few universities with accounting majors. The State needs to organize widespread propaganda to raise awareness of the important role of management accounting as well as the contents of management accounting so that business administrators can apply it in their management work.
- In addition, the State needs to better support businesses in human resource training, research, implementation, and development of management accounting, so that management accounting is truly an indispensable content in the business accounting system.
3.3.2. For training and consulting organizations on accounting, finance and economic management
The products of these organizations are human resources serving the development of accounting, finance and business administration. To have a team of good accountants, dynamic managers, training organizations, consulting on accounting, finance and economic management need to have the following measures:
- Quickly innovate and perfect the management accounting training program, promptly update new content in the modern management organization model of developed countries such as the US, UK, Japan, France...
- Linking professional training with training in the ability to apply modern information processing tools.
- Distinguish between training programs and levels from low to high to help businesses have a correct understanding of learners' qualifications in human resource strategy.
- Combine theoretical training with practice and serve practical development through organizing financial accounting seminars, linking training according to the practical needs of businesses.
3.3.3. On the business side
In order to deploy and implement well the solutions to perfect the organization of cost management accounting in enterprises in general and in Thai Nguyen Transport Construction Joint Stock Company I in particular, it is necessary to fulfill the following requirements:
- For business administrators: It is necessary to raise awareness and management skills for business administrators to enhance flexible decision-making ability to improve competitiveness and integration into the world economy.
- Regarding the organization of the enterprise accounting apparatus: The company needs to rearrange the enterprise accounting apparatus in the direction of combining the financial accounting department and the management accounting department. Management accounting uses input information mainly from financial accounting and other information channels to collect, process and quantify information according to its own functions. However, in the organization of the management accounting apparatus, it is necessary to pay attention to the confidentiality of management accounting information.
- For human resources performing management accounting: It is necessary to strengthen training and foster accounting staff with in-depth and comprehensive knowledge of financial accounting as well as management accounting. This work is extremely important because this is the department that performs accounting work according to the content determined by the enterprise.
is the department that collects and processes information provided according to the requirements of business administration. In addition to the requirements of professional expertise, there must be ethical standards for the practice of management accountants. These standards must be considered important content in the training program for accounting staff and must be researched and issued by a reputable professional organization.
- It is necessary to apply information technology, equip modern technical means to collect, process and provide information quickly and accurately. This is the technical infrastructure condition for applying management accounting and management accounting can only be applied, have a positive and effective impact with modern information processing conditions.
- Regarding the information indicator system: It is necessary to build a system of information indicators within the enterprise in a synchronous and unified manner, avoiding duplication to ensure the transmission of information is smooth, fast and timely. The company also needs to build a system of scientific, advanced and realistic technical economic norms to provide a reliable source of data for management accounting in forecasting and controlling costs.
Conclusion of chapter 3: Based on the assessment of the current status of management accounting at Thai Nguyen Transport Construction Joint Stock Company I on the results achieved and the shortcomings that need to be overcome, chapter 3 presents the need to improve cost management accounting at Thai Nguyen Transport Construction Joint Stock Company I and gives requirements on the content of improving cost management accounting at the company. From there, the thesis proposes solutions to improve the organization of cost management accounting at Thai Nguyen Transport Construction Joint Stock Company I according to the following contents: Cost classification, improving the organization of applying accounting methods to serve cost management accounting, improving the system of norms and cost estimates, improving the system of cost management accounting reports, applying the analysis of the relationship between cost - volume - profit for decision making and improving the construction of the cost management accounting organization model. At the same time, the thesis also provides basic requirements and conditions to effectively implement solutions, contributing to
part to strengthen management, improve production and business efficiency of Thai Nguyen Transport Construction Joint Stock Company I in particular and enterprises in general.
CONCLUDE
Accounting in general, cost management accounting in particular, is considered a scientific and effective management tool to promptly process and provide appropriate, useful information, promptly meeting the information needs of managers to make management decisions.
In today's competitive economic context, accounting information is becoming increasingly necessary for every business administrator, especially cost information provided by management accounting to be able to make business decisions that are vital to the business. While the application of cost management accounting in Vietnamese enterprises to management activities is still a new issue that has not been implemented in a synchronous and scientific manner and has not yet exploited and promoted the full advantages of this scientific management tool. Therefore, the research, application and improvement of cost management accounting to provide comprehensive and complete information on costs for business administrators in the process of performing management functions is very necessary in the current period.
The issue of perfecting cost management accounting in Thai Nguyen Transport Construction Joint Stock Company I is extremely necessary and suitable for the development trend of the Vietnamese economy. Because the organization of cost management accounting in Thai Nguyen Transport Construction Joint Stock Company I still has many limitations, cost management accounting has not fully met the requirements of cost information for business administrators, and has not become a tool for administrators to make business decisions.
With the topic: "Improving cost management accounting at Thai Nguyen Traffic Construction Joint Stock Company I", the thesis focused on clarifying the following issues:
Firstly: Systematize the general theoretical basis of cost management accounting in enterprises. These basic theoretical issues will be the basis for reviewing and evaluating the current situation of cost management accounting at Thai Nguyen Transport Construction Joint Stock Company I. At the same time, the thesis has summarized the experience of organizing management accounting in some advanced countries in the world for reference and application to enterprises in Vietnam.