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Credit Accounting of Joint Stock Commercial Bank for Foreign Trade - Hue Branch - 1


HUE UNIVERSITY FACULTY OF ECONOMICS FACULTY OF ACCOUNTING AND AUDITING

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UNIVERSITY THESIS

Topic:

CREDIT ACCOUNTING AT FOREIGN TRADE JOINT STOCK COMMERCIAL BANK

VIETNAM – HUE BRANCH


School year: 2011 – 2015

Student: LE THI LOAN Class: K45B-KTKT

Instructor: MSc. DAO NGUYEN PHI

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Hue, May 2015

THANK YOU


Through the process of researching, studying, and collecting data, the thesis "Accounting for credit operations at the Joint Stock Commercial Bank for Foreign Trade of Vietnam - Hue Branch" has been completed. To achieve such results, I would like to sincerely thank the teachers of the Accounting - Auditing Department of Hue University of Economics for helping me throughout the process of studying and completing the thesis.

I would like to sincerely thank the leaders of Joint Stock Commercial Bank for Foreign Trade of Vietnam - Hue Branch for sharing honest and valuable information. I would like to thank the staff in the accounting department for their wholehearted help and sharing with me many valuable experiences during my internship.

In particular, I would like to express my deep gratitude to Master Dao Nguyen Phi for his research orientation, enthusiastic guidance and wholehearted help throughout the process of implementing the topic.

Finally, I would like to sincerely thank my friends and relatives who have always encouraged and motivated me to complete the topic.

Although I have tried my best to complete the topic, it is inevitable that there are limitations. I respectfully hope to receive comments from teachers to make the topic more complete.

Hue, May 21, 2015.


Student Le Thi Loan

LIST OF ABBREVIATIONS



TMCP

Joint stock trading

NH

Bank

KH

Client

TCTD

Credit institution

State Bank of Vietnam

State Bank

GTCG

Valuable papers

TM

Cash

CK

Discount

Fixed assets

Fixed assets

TG

Deposit

VCB

Vietcombank

Fixed assets

Fixed assets

TK

Account

Financial Statements

Financial report

Commercial Bank

Commercial Bank

TD

Credit

GNN

Accommodation bill

GHTD

Credit limit

HDTD

Credit Agreement

LIST OF TABLES

Table 1: Labor utilization situation of Joint Stock Commercial Bank for Foreign Trade of Vietnam - Hue Branch in 3 years (2012-2014) 32

Table 2: Assets and capital situation of Joint Stock Commercial Bank for Foreign Trade of Vietnam - Hue Branch in 3 years (2012-2014) 35

Table 3: Business results of Joint Stock Commercial Bank for Foreign Trade of Vietnam - Hue Branch in 3 years (2012-2014) 38

LIST OF DIAGRAM

Diagram 1: Accounting form on common computer software for commercial banks 11

Diagram 2: Accounting diagram of loan risk provisions for other credit institutions 12

Diagram 3: Accounting diagram for co-financed loans at member banks 24

Diagram 4: Accounting diagram for co-financed loans at the focal bank 25

Diagram 5: Organizational chart of the management apparatus of Joint Stock Commercial Bank for Foreign Trade of Vietnam

– Hue Branch 30

Diagram 6: Organizational chart of accounting department of Branch 31

INDEX


ACKNOWLEDGEMENTS

LIST OF ABBREVIATIONS LIST OF TABLES LIST OF DIAGRAMS

PART 1: PROBLEM STATEMENT 1

1. Reasons for choosing topic 1

2. Research purpose 1

3. Research subject 2

4. Research scope 2

5. Research method 2

6. Results achieved in topic 2

7. Topic structure 3

PART 2: RESEARCH CONTENT AND RESULTS 4

CHAPTER 1: OVERVIEW OF COMMERCIAL BANKS AND CREDIT ACCOUNTING IN BUSINESS ACTIVITIES OF COMMERCIAL BANKS 4

1.1 General theory of Commercial Banks (CBs) 4

1.1.1 Concept 4

1.1.2 Functions of Commercial Banks 4

1.1.3 Activities of Commercial Banks 5

1.2 General theory of bank credit activities 5

1.2.1 Concept 5

1.2.2 Functions of bank credit 5

1.2.2.1 Function of mobilizing and distributing currency according to the principle of repayment 5

1.2.2.2 Cash saving function 6

1.2.2.3 Function of directing economic activities 6

1.2.3 The role of bank credit 6

1.2.3.1 Conditions to ensure that the production and business process takes place regularly and continuously 6

1.2.3.2 Enhance business efficiency, promote economic growth and social development 6

1.2.3.3 State's macro-regulatory tools 7

1.2.4 Principles of bank credit 7

1.2.5 Term of bank credit 7

1.2.6 Bank credit method 8

1.2.7 Bank credit interest rates 8

1.2.8 Bank credit risk 8

1.3 Accounting for bank credit operations 8

1.3.1 Loan documents 8

1.3.2 Loan process 9

1.3.3 Organization of application of accounting forms and books 10

1.3.4 Accounting for major credit transactions 11

1.3.4.1 Accounting for credit operations of other organizations 11

1.3.4.2 Accounting for short-term, medium-term and long-term credit transactions for domestic economic organizations and individuals 13

1.3.4.3 Accounting for financial leasing operations 20

1.3.4.5 Accounting for co-financed credit transactions 24

CHAPTER 2: CURRENT STATUS OF CREDIT ACCOUNTING WORK AT JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE, HUE BRANCH 26

2.1 Introduction to Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hue Branch 26

2.1.1 History of formation and development of branch 26

2.1.2 Main activities of Branch 27

2.1.3 Branch operations in 3 years (2012-2014) 27

2.1.3.1 Organization of management and accounting apparatus at Branch 27

2.1.3.2 Labor usage situation at the branch in 3 years (2012-2014) 32

2.1.3.3 Asset and capital situation of the branch in 3 years (2012-2014)...34

2.2 Current status of accounting operations at Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hue Branch 39

2.2.1 Organizing professional work at Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hue Branch 39

2.2.1.1 Organization of application of accounting form 39

2.2.1.2 The bookkeeping regimes currently applied at the bank 39

2.2.2 Loan accounting documents 40

2.2.3 User account system 40

2.2.3.1 Ledger account 41

2.2.3.2 Customer accounts 41

2.2.4 Loan accounting process 42

2.2.4.1 Disbursement 42

2.2.5 Accounting method for major credit transactions at branch 44

2.2.5.1 Loans to staff 47

2.2.5.2 Mortgage lending 51

2.2.5.3 Lending on valuable papers 53

CHAPTER 3: SOLUTIONS TO IMPROVE CREDIT ACCOUNTING WORK AT FOREIGN TRADE JOINT STOCK COMMERCIAL BANK - HUE BRANCH 56

3.1 Advantages and disadvantages of Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hue Branch

........................................................................................................................ 56 3.1.1 Advantages of branches..........................................................................................56

3.1.2 Difficulties of branch 57

3.2 General assessment of credit accounting work at Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hue Branch 57

3.2.1 Advantages of credit accounting organization at branch 57

3.2.2 Existing aspects of credit accounting organization at branch 59

3.3 Some solutions to improve the accounting work of credit transactions at Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hue Branch 60

PART 3 - CONCLUSION 63

REFERENCES APPENDIX

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