C-57D, 3/2, P.xk, q.nk, Tpct (Issued According to Circular No. 200/2014/TT-BCT

911 - Determining business results

Account 632

Account 511

351,055,229

410,111,728

Account 641

23,691,878

Account 642

9,260,787

Account 515

15,749

Account 821

5,223,917

Account 421

20,895,6666

410.127.477

Figure 3.3: Business results chart for the first quarter of 2016

* General ledger, detailed ledger account 821 (see appendix 06)

* General ledger, detailed ledger account 911 (see appendix 07)

* General ledger, detailed ledger account 421 (see appendix 08)

* General Journal (see Appendix 09)

3.2.6. Business performance report

Table 3.9: Business results report for the first quarter of 2016

Thanh Son Company Limited Model B02-DN

57C-57D, 3/2, P.XK, Q.NK, TPCT (Issued according to Circular No. 200/2014/TT-BCT

December 22, 2014 of the Ministry of Finance)

BUSINESS PERFORMANCE REPORT

Quarter 1: 2016

Unit: VND

Target

Code number	Theory bright	This year	Year before
1	2	3	4	5
1. Sales revenue and service provision	21		410,111,728
2. Revenue deductions	02
3. Net revenue from sales and provision of services case (10= 01- 02)	10		410,111,728
4. Cost of goods sold	11		351,055,229
5. Gross profit from sales and service provision (20= 10-11)	20		59,056,499
6. Financial operating revenue	21		15,749
7. Financial costs - Including: Interest expense	22 23
8. Selling expenses	24		23,691,878
9. Business management costs	25		9,260,787
10. Net profit from operating activities {30= 20+(21-22) – (24+25)}	30		26,119,583
11. Other income	31
12. Other costs	32
13. Other profits (40 = 31 – 32)	40
14. Total accounting profit before tax (50 = 30 + 40)	50		26,119,583
15. Current corporate income tax expense	51		5,223,917
16. Deferred corporate income tax expense	52
17. Profit after corporate income tax (60 = 50-51-52)	60		20,895,666
18. Basic earnings per share(*)	70
19. Declining earnings per share(*)	71

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Voucher Preparer Chief Accountant Director

(Signature, full name) (Signature, full name) (Signature, full name, seal)

Source: Accounting Department of Thanh Son Company Limited

3.3 Factors affecting the effectiveness of accounting work in determining business results.

3.3.1 Implementation process

3.3.1.1 Research design

- General research: using qualitative methods to explore factors (observed variables) affecting the effectiveness of accounting work to determine business performance in enterprises in Can Tho City, adjusting and supplementing them through expert opinion techniques.

- Detailed research: all variables will be analyzed quantitatively through techniques including: collecting survey data by selecting samples and sending survey forms directly to subjects related to the effectiveness of accounting work to determine business performance in enterprises in Can Tho City, testing measurement models, theoretical models through linear regression models.

Thus, specific research methods are used to address each research question:

- To describe and evaluate " factors affecting the effectiveness of accounting work to determine business performance in enterprises in Can Tho City ", the thesis synthesizes previous related studies, then collects the influencing factors through expert interview techniques... From there, continue to adjust the influencing factors to ensure that they are suitable for the characteristics of enterprises in Can Tho City.

- To answer the questions " Factors affecting the effectiveness of accounting work to determine business performance in enterprises in Can Tho City, the level of influence of each factor? ", based on the results collected in the general research step, the thesis re-examines the measurement model, the reliability of the variables in the model through: descriptive statistics, testing, correlation analysis, regression analysis.

Then based on the research results obtained above through the thesis assessment survey, solutions will be proposed to improve the feasibility of the effectiveness of accounting work to determine business results.

3.3.1.2 Research framework

The research framework of the thesis is defined as follows:

- Determine the research content: the research content of the thesis is to determine the factors affecting the effectiveness of accounting work to determine business performance in enterprises in Can Tho City. From there, continue to verify and measure the impact level of the factors.

- Research theory: based on fundamental theories related to accounting work to determine business performance, which are uncertainty theory, agency theory and sociological theory, and referring to previous studies related to accounting work to determine business performance.

- Building a research model: from determining the research content and synthesizing theories as well as previous studies, and at the same time asking for expert opinions. Then, adjust and synthesize factors to suit the characteristics of businesses in Can Tho City and proceed to propose a research model for the thesis.

- Applying qualitative research methods: the techniques of the method will be applied such as: in-depth interview techniques, expert opinion techniques to perfect the research model. From there, synthesize and build measurement scales to serve as a basis for conducting quantitative research.

- Applying quantitative research methods: based on the proposed research model and the built scale, conducting scale reliability (Cronbach Alpha), applying linear regression analysis techniques.

Draft scale

Ask an expert

Theoretical basis

Cronbach Alpha reliability measurement

Quantitative research (n=80)

* Research process

Official scale

- Check Cronbach Alpha coefficient of total variable

- Eliminate variables with small total variable correlation coefficients

Multiple regression analysis

Correlation analysis

Figure 3.4: Research diagram

3.3.2 Survey sample description

The survey has 80 respondents, the subjects are accountants, auditors, executives, financial managers, tax officers. Due to time, information and budget constraints, the topic uses random convenience sampling method to approach the research subjects. The survey was conducted in Can Tho city.

3.3.2.1 Respondent gender

Table 3.10: Respondent gender information

GOODNESS

		Frequency	Percent	Valid Percent	cumulative Percent
	NU	64	80.0	80.0	80.0
Valid	MALE	16	20.0	20.0	100.0
	Total	80	100.0	100.0

Source: Survey data 2017

GOODNESS

20%

80%

MALE AND FEMALE

Figure 3.1: Respondent gender information

Source: Survey data 2017

Through the survey, we can see that accounting-related jobs are more female than male. Specifically: there are 16 male respondents accounting for 20% and the remaining 64 female respondents accounting for 80%. For the accounting industry in general, women often have an advantage over men because the nature of the job requires meticulousness and carefulness.

3.3.2.2 Respondent qualifications

Table 3.11: Respondent qualification information

TRINHDO

Frequency	Percent	Valid Percent	Cumulative Percent
	MIDDLE SCHOOL	10	12.5	12.5	12.5
Valid	COLLEGE/ UNIVERSITY	70	87.5	87.5	100.0
	Total	80	100.0	100.0

Source: Survey data 2017

TRINHDO

0.0%

12.5%

87.5%

HIGH SCHOOL COLLEGE / POSTGRADUATE UNIVERSITY

Figure 3.2: Respondent qualification information

Source: Survey data 2017

Through the survey, we see that accountants in enterprises have a high level of education. Specifically: respondents with intermediate level or higher have no respondents with high school level, the majority of respondents have college or university level, accounting for 87.5%, intermediate level accounts for 12.5%, high school and postgraduate level accounts for 0%. The higher the level of education of accountants, the deeper their awareness and concern for the impacts on accounting efficiency.

3.3.2.3 Respondent's occupation

Table 3.12: Respondents' occupational information

ENGINEERING

Frequency	Percent	Valid Percent	cumulative Percent
	ACCOUNTING	75	93.8	93.8	93.8
	AUDIT	1	1.3	1.3	95.0
Valid	FINANCIAL MANAGEMENT/ OPERATIONS	3	3.8	3.8	98.8
	RENTAL SYSTEM	1	1.3	1.3	100.0
	Total	80	100.0	100.0

Source: Survey data 2017

ENGINEERING

1.3% 3.8% 1.3%

93.8%

ACCOUNTANT, EXECUTIVE OFFICER / FINANCIAL MANAGEMENT FOR TAXATION DEPARTMENT

Figure 3.3: Respondent qualification information

Source: Survey data 2017

Of the 80 interviewed subjects, the largest group was accountants, with 75 people accounting for 93.8%. The number of subjects with a career in financial management and administration was 3 people accounting for 3.8%. The remaining subjects were auditors, with 1 person accounting for 1.3%, and tax officers, with 1 person accounting for 1.3%.

3.3.3 Descriptive statistical results of the study

A 5-point Likert scale (from 1 “Totally disagree” to 5 “Totally agree”) is used to assess the scale of factors affecting the effectiveness of accounting work in determining business results. The meaning of each average value for the interval scale

Distance value = (maximum – minimum) / n = (5 – 1) / 5 = 0.8

So the average value from

+ 1.00 – 1.80: Completely disagree

+ 1.81 – 2.6: Disagree

+ 2.61 – 3.40: Neutral

+ 3.41 – 4.20: Agree

+ 4.21 – 5.00: Completely agree

Assess the level of influence of factors on the effectiveness of accounting work to determine business results.

Descriptive Statistics

	N	Minimum	Maximum	Mean	Std. Deviation
BMKT	80	2	5	3.73	1,018
KSNB	80	3	5	4.36	.680
HTSS	80	2	5	3.82	.759
TTNT	80	2	5	4.15	.765
HTCT	80	3	5	4.49	.551
BCKT	80	2	5	3.41	.822
Valid N (listwise)	80

Table 3.13: The level of influence of factors on the effectiveness of accounting work in determining business results

Criteria

Number sample	Value lowest	Value highest	Central jar	Deviation standard	Meaning scale
Accounting system	80	2	5	3.73	1,018	Agree
Internal control	80	3	5	4.36	0.680	Completely Agree
Bookkeeping form	80	2	5	3.82	0.759	Agree
Comply with the principles	80	2	5	4.15	0.765	Agree
Certificate system	80	3	5	4.49	0.551	Completely Agree
Accounting report	80	2	5	3.41	0.822	Agree

Source: Survey data 2017

3.3.4 Research test results

Case Processing Summary

N	%
Cases	Valid	80	100.0
	Excluded a	0	.0
	Total	80	100.0

a. Listwise deletion based on all variables in the procedure.

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