LIST OF TABLES AND CHARTS
Board
Table 2.1: Human resource situation of 3 companies in 2019 61
Table 2.2. Summary table of CPSX for 30,000 finished flower vases produced from May 2019 to July 2019 at Truong Giang Bamboo Art Joint Stock Company. 67
Table 2.3: Material cost standard table for lacquer vase product 45*25cm 69
Table 2.4: Material cost standard table for 20*20*10cm sedge mesh basket product 69
Table 2.5: Material cost standard table for rattan basket product 29*26*H31 70 Table 2.6. Labor cost standard table for lacquer vase product 45*25cm . 71 Table 2.7. Labor cost standard table for sedge basket product 20*20*10cm 72
Table 2.8. Labor cost standard table for rattan basket products 29*26*H31
................................................................ ................................................................ ..................... 73
Table 2.9. General production cost standard table for lacquer vase products 45*25cm 74
Table 2.10. Table of general production cost norms for 20*20*10cm sedge mesh basket products 74
Table 2.11. Table of general production cost standards for rattan basket products 29*26*H31 75
Table 2.12 Production cost estimate table of Truong Giang bamboo handicraft rolling joint stock company 76
Table 2.13 Production cost estimate table of Minh Thuan Company Limited 77
Table 2.14 Production cost estimate table of Toan Thang Fine Arts Company Limited 78
Table 2.15 Table of product unit cost calculation according to contract/contract of Truong Giang 88 bamboo handicraft rolling joint stock company
Table 2.16 Report on production results according to the plan/contract of Truong Giang Bamboo Art Joint Stock Company 91
Table 2.17 Report on production performance results according to the plan/operation of Minh Thuan Company Limited .. 92 Table 2.18 Report on production performance results according to the plan/operation of Toan Thang Fine Arts Company Limited 92
Table 3.1: Classification of production costs according to cost behavior 104
Chart
Chart 2.1 Revenue, costs and profits of 3 companies in 2018 50
Chart 2.2 Revenue, costs and profits of 3 companies in 2019 50
Diagram
Diagram 1.1 Process of gathering production costs by job 26
Diagram 2.1: Product manufacturing process at Minh Thuan Company Limited
................................................................ ................................................................ ..............................54
Diagram 2.2: Production process of sedge baskets of Minh Thuan 55 Company Limited
Diagram 2.3: Technological process of product production at Truong Giang 55 Bamboo Handicraft Joint Stock Company
Diagram 2.4: Lacquer vase production process of Truong Giang 56 bamboo handicraft joint stock company
Diagram 2.5: Technological process of product production at Toan Thang 57 Fine Arts Co., Ltd.
Diagram 2.6: Rattan basket production process of Toan Thang Fine Arts Company Limited 58
Diagram 2.7: Organizational structure of Minh Thuan 60 Company Limited
Diagram 2.8: Accounting organization model of Minh Thuan 62 Company Limited
LIST OF ABBREVIATIONS
Business performance report
Business performance report | |
Financial Statements | Financial report |
Social insurance, health insurance, unemployment insurance | Social insurance, health insurance, unemployment insurance |
BTC | Ministry of Finance |
CP | Expense |
CPNCTT | Direct labor costs |
CPNVLTT | Direct material cost |
CPSX | Production costs |
CPSXC | General manufacturing costs |
DN | Business |
University | Order |
Unit | Unit of measure |
GTSP | Product cost |
International Economics | Management accounting |
KTTC | Financial Accounting |
KPCĐ | Union dues |
MTV | A member |
NCTT | Direct labor |
NVLTT | Direct materials |
QTDN | Business Administration |
QTCP | Cost Management |
Production | General production |
Production and business | Production and business |
Ltd. | Limited liability |
Fixed assets | Fixed assets |
TK | Account |
TT | Circular |
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INTRODUCTION
1. Urgency of the topic
In recent years, the demand for handicrafts in the country and the world has increased. Manufacturing enterprises in general and handicraft manufacturing enterprises in particular always have to find ways to not only survive but also stand firm and develop, knowing how to be self-sufficient in all aspects of production and business activities from investment, capital use, production organization to product consumption, knowing how to take advantage of opportunities and capacity to choose the right direction. To achieve that, one of the measures is that each enterprise must constantly reduce costs and improve product quality. However, how to reduce costs while still ensuring product quality, creating a competitive position, boosting consumption and bringing profits to the enterprise is a difficult problem. Therefore, enterprises need to do a good job of managing production costs and product prices.
Currently, international accounting in general and international accounting of production costs and product quality in particular are still relatively new issues in most Vietnamese enterprises. Handicraft manufacturing enterprises in Nam Dinh province are no exception. During the process of working and surveying handicraft manufacturing enterprises in Nam Dinh province, the author found that international accounting of production costs and product quality has not received due attention from enterprises, awareness and organization still have many shortcomings, such as the organization and application of it in management decisions still face many difficulties from managers, accounting staff, etc.
Based on the existing problems in management accounting of production costs and product prices during the research period at handicraft production companies in Nam Dinh province, finding solutions to overcome them is very necessary. Realizing the importance of this issue with the knowledge acquired at school and with the help of Dr. Nguyen Thi Minh Giang, the author chose the topic: "Management accounting of production costs and product prices at
handicraft production enterprises in Nam Dinh province" as the topic of master's thesis, with the desire to contribute his research to perfect the cost management accounting system, enhance the competitiveness of companies in Nam Dinh province in the increasingly fierce handicraft production market.
2. Overview of research situation
Management accounting for production costs and product prices is an indispensable job in manufacturing and business enterprises and helps enterprises control costs well, thereby contributing to improving business efficiency of enterprises. There are many research topics on management accounting for production costs and product prices in enterprises.
Master's thesis of author Trinh Thi Thanh Loan (2017) - University of Commerce with the topic: "Management accounting of production costs and product prices at Shints BVT Company Limited" . The thesis has researched and presented the current situation of management accounting of production costs and product prices in Shints BVT Company Limited. Based on the theory and practical analysis, the thesis has systematized and analyzed to clarify the basic theory of management accounting of production costs and product prices applied in manufacturing enterprises. In addition, the thesis has pointed out the shortcomings and causes leading to the shortcomings of management accounting of production costs and product prices at Shints BVT Company Limited. At the same time, the thesis also provides solutions to improve the management accounting of production costs and product prices, and recommendations to the State and Shints BVT Company Limited.
Master's thesis "Management accounting of production costs and product prices at Mechanical One Member Limited Liability Company 17" by Do Thi Quyen (2018) - University of Commerce. The thesis presented in detail the theoretical basis of management accounting of production costs and product prices in manufacturing enterprises. The author compared and contrasted with the actual work of management accounting of production costs and product prices at Mechanical One Member Limited Liability Company 17 on the basis of systematizing the theoretical basis of management accounting of production costs and product prices, and at the same time provided orientations and viewpoints.
Points, complete the accounting of production costs and cost price calculation at Mechanical Company 17. From there, give recommendations and solutions to complete the accounting of production costs and cost price at Mechanical Company 17.
Thesis of author Ho Thi Huyen (2019) - University of Commerce with the topic: "Management accounting of production costs and product prices at Everpia Joint Stock Company" In this thesis, the author has systematized the theoretical basis of production cost and product price management accounting, along with studying the experience of production cost and product price management accounting of developed countries such as the US and France and raised the work of production cost and product price management accounting at enterprises, at the same time, proposed some solutions to improve production cost and product price management accounting. However, the thesis is more about financial accounting in the way of recording the current status of production cost accounting and cost calculation than cost management.
Authors: MSc. Dang Ha Quyen - Vu Thi Phuong - Ha Thi Minh Nga - Hoa Lu University with an article in the Industry and Trade magazine in March 2019: "Some solutions to improve cost management accounting for garment export enterprises in Ninh Binh province" . The article reflects the achievements and limitations in classifying production costs, establishing norms and cost estimates, collecting costs and calculating production value, analyzing information to make business decisions, and the accounting system. The article also offers some solutions to improve management accounting work in garment export enterprises in Ninh Binh province.
In these research works, the authors have systematized the basic theories of management accounting, production cost management accounting and product costing, thereby developing theories and applying them to practice in each specific enterprise in accordance with the development of the economy. The authors have proposed solutions to improve production cost management accounting and product costing in accordance with the production characteristics of each unit that the authors have studied, such as: Cost classification according to cost behavior, cost estimation, production cost management accounting and product costing reports, and information analysis for decision making. Thus, there have been many research works on production cost management accounting.
production and product cost, but there has not been any topic that has researched in depth about management accounting of production costs and product costs at handicraft manufacturing enterprises in Nam Dinh province. Therefore, it can be said that the topic: "Management accounting of production costs and product costs at handicraft manufacturing enterprises in Nam Dinh province" is a topic that does not overlap with other topics. With this topic, the author will continue to clarify theoretical and practical issues of management accounting of production costs and product costs of handicraft products from the perspective of management accounting, thereby finding content and solutions to improve management accounting of production costs and product costs at handicraft manufacturing enterprises in Nam Dinh province.
3. Research objectives of the topic
Based on the research, analysis and evaluation of the work of CPSX and GTSP international economic integration at handicraft production enterprises in Nam Dinh province, the thesis aims to:
- Systematize analysis to clarify general theory on management accounting of production costs and prices in manufacturing enterprises.
- Analyze and evaluate the current status of production cost and price management accounting at handicraft production enterprises in Nam Dinh province, clearly indicating the results achieved, limitations and causes of limitations.
- Based on the theory and practice of management accounting of production costs and prices at manufacturing enterprises, the author proposes a number of solutions to improve management accounting of production costs and prices at handicraft manufacturing enterprises in Nam Dinh province.
4. Questions raised during the research process
In the process of researching and learning about management accounting for production costs and product prices at handicraft manufacturing enterprises in Nam Dinh province, the author raised some questions:
- What is the theoretical basis of management accounting for production costs and product prices in manufacturing enterprises?
- How is production cost management accounting and product pricing implemented at handicraft manufacturing enterprises in Nam Dinh province? Does it meet the needs of managers? What are the advantages and disadvantages?
- What solutions and conditions are needed to improve management accounting for production costs and product prices at handicraft manufacturing enterprises in Nam Dinh province?
5. Research objects, scope and content
- Research object : The thesis focuses on studying the theory and practice of management accounting for production costs and product prices at handicraft manufacturing enterprises in Nam Dinh province.
- Research scope:
+ Regarding space: The thesis delves into the practical study of management accounting for production costs and product prices at handicraft manufacturing enterprises in Nam Dinh province. In Nam Dinh province, the handicraft sector is quite rich and diverse, of which bamboo and rattan manufacturing enterprises account for a large proportion and the research time is limited, so the author has selected 3 enterprises specializing in bamboo and rattan products, specifically the companies: Minh Thuan Company Limited, Truong Giang Bamboo and Handicraft Joint Stock Company, Toan Thang Handicraft One Member Co., Ltd.
+ About time: The thesis researches based on actual data and business situation in 2018 and 2019.
- Research content : Research on management accounting of production costs and prices of rattan and bamboo products.
6. Research methods
The topic has applied the following basic research methods:
(1) Data collection method:
Observation method: The author conducted direct observations at the accounting department, CPSX and GTSP accounting department at the companies: Minh Thuan Company Limited, Truong Giang Bamboo Art Joint Stock Company, Toan Art One Member Co., Ltd.