Management accounting of revenue, costs and business results at Viet Anh Production and Trading Company Limited

ESTIMATE OF FINISHED PRODUCTS INVENTORY AT THE END OF THE PERIOD

Year: ……..

Target

Quarter				All year
1	2	3	4	All year
1. Volume of products consumed
2. Estimated ending inventory
3. Unit production cost
4. Ending inventory value of finished products

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Appendix 1.8

Estimating cost of goods sold

Year: ……..

Target

Quarter				All year
1	2	3	4	All year
1. Material cost
2.NCTT costs
3.Total production cost
4.Total production cost (total cost)
5. Number of products produced
6. Unit price
7. Quantity of products in inventory at the end of the period
8. Cost of inventory at the beginning of the period
9.Cost of inventory products at the end of the period
10. Cost of goods sold

ESTIMATED SALES COSTS

Year: ……..

Target

Quarter				All year
1	2	3	4	All year
1. Number of products consumed
2.Variable cost of goods sold
3.Variable cost of sales
4.Sales cost
5. Selling costs

Appendix 1.10

BUSINESS MANAGEMENT COST ESTIMATION

Year: ……..

Target

Quarter				All year
1	2	3	4	All year
1. Number of products consumed
2. Unit price of variable cost estimated business management
3. Estimate total variable costs
4. Fixed cost of corporate governance
5. Total estimated CP QLDN
6. Total estimated cost of joint venture regarding money forecasting

BUSINESS RESULTS REPORT ESTIMATES

Year: ……..

Estimated profit and loss statement by method

total cost method

Projected profit and loss statement using cost method direct
Estimated revenue	Revenue
Estimated cost of goods sold	Variable cost of goods sold
Gross profit as budgeted	Variable cost of sales and administration
	Contribution margin
	Fixed manufacturing overhead
Estimated selling and administrative expenses	Selling and administrative costs
Estimated net profit from operating activities	Profit from business activities

Viet Anh Production and Trading Company Limited

Viet Xuan Commune - Vinh Tuong - Vinh Phuc

ACCOUNTING SYSTEM APPLIED AT VIET ANH PRODUCTION AND TRADING COMPANY LIMITED

Account Name	TK Mom	English account name

111	Cash		Cash in hand
1111	Cash on hand	111	Vietnamese currency
1112	Precious currency	111	Foreign currency
112	Bank deposit		Cash in banks
1121	Vietnamese currency	112	Vietnamese currency
11211	VND deposit at VCB VP	1121	Vietnamese currency
11212	VND deposit at BIDV VP	1121	Vietnamese currency
11213	VND deposit ICB PY	1121	Vietnamese currency
1122	Foreign currency	112	Foreign currency
11221	Foreign currency USD	1122	Foreign currency
112211	USD deposit at VCB VP	11221	Foreign currency
11222	Foreign currency EUR	1122	Foreign currency
112221	EUR deposit at VCB VP	11222	Foreign currency
113	Money in transit		Money in transit
1131	Vietnamese currency	113	Vietnamese currency
1132	Foreign currency	113	Foreign currency
121	Short-term stock investment		Short-term securities investment
1211	Share	121	Stocks
1212	Bonds, bills, promissory notes	121	Bonds
128	Other short-term investments		Other short-term investment
1281	Term Deposit	128	Time deposits in banks
1288	Other short-term investments	128	Other short-term investment
129	Short-term investment depreciation reserve		Provision for short-term investments evaluation
131	Accounts receivable from customers		Receivable from customes
133	Deductible value added tax		Value added tax is deducted
1331	Deductible VAT of goods and services service	133	From goods sale and services
1332	Deductible VAT of fixed assets	133	From fixed assets
136	Internal receivables		Inter-company receivable
1361	Business capital of affiliated units	136	Working capital from sub-units (spent by higher

		level)
1368	Other internal receivables	136	Other internal receivables
138	Other receivables		Other receivables
1381	Assets missing pending resolution	138	Pending assets (loss under pendency)
1385	Receivables from equitization	138	Receivable on Equitization
1388	Other receivables	138	Others receivable
139	Provision for doubtful debts		Provision for bad receivable
141	Advance		Advances
152	Raw materials		Raw material and others
1521	Main materials	152	Mother coils
1522	Auxiliary materials	152	Other material
1523	Fuel, energy	152	Fuels and oils
1524	Spare parts	152	Spareparts
1525	Basic construction materials and equipment	152	Construction materials and tools
1526	Scrap Recovered	152	Scrap
153	Tools, instruments		Instructions and tools
1531	Tools, instruments	153	Instructions and tools
1532	Recycled packaging	153	Wrappings
1533	Equipment for rent	153	Instructions and tools for lease
154	Work in progress		Cost for working progress
155	Finished product		Finished product
156	Goods		Goods
157	Goods sent for sale		Entrusted goods for sale
159	Provision for inventory write-down		Provision for devaluation of stocks
211	Tangible fixed assets		Tangible fixed assets
2111	Houses, buildings	211	Building and architectonic models
2112	Machinery and equipment	211	Equipment and machine
2113	Means of transport, transmission	211	Transportaiton and transmit instrument
2114	Management equipment and tools	211	Instruments, tools for management
2115	Perennial plants, working animals and forage animals	211	Long-term trees, working and producing animals
2118	Other fixed assets	211	Other fixed assets
212	Financial lease fixed assets		Fixed assets of financial leasing
2121	Machinery and equipment	212	Equipment and machine
2122	Means of transport, transmission	212	Transportaiton and transmit instrument
2123	Management equipment and tools	212	Instruments, tools for management
2128	Other financial leased fixed assets	212	Other fixed assets of financial leasing
213	Intangible fixed assets		Intangible fixed assets
2131	Land use rights	213	Land using right
2132	Publishing rights	213	Publishing right
2133	Copyright, patent	213	Copyrights and creations
2134	Trademark	213	Cost for brand name
2135	Computer software	213	Cost for computer software
2136	Licenses and franchises	213	Patents
2138	Other intangible assets	213	Other intangible fixed assets
214	Depreciation of fixed assets		Depreciation of fixed assets
2141	Depreciation of tangible fixed assets	214	Depreciation of tangible fixed assets

Depreciation of leased fixed assets	214	Depreciation of financial lease assets
2143	Depreciation of intangible assets	214	Depreciation of intangible fixed assets
2147	Investment property depreciation	214	Depreciation of fixed assets on investment
217	Investment real estate		Fixed asset on investment
221	Long term stock investment		Long-term securities
2211	Share	221	Stocks
2212	Bonds	221	Bonds
222	Joint venture capital		Joint-venture capital contribution
228	Other long-term investments		Other long-term investment
229	Long-term investment depreciation reserve		Provision for long-term investment devaluation
241	Construction in progress		Capital construction in process
2411	Purchase of fixed assets	241	Fixed assets purchases
2412	Basic construction	241	Construction in progress
2413	Major repairs of fixed assets	241	Major repair of fixed assets
2419	General construction	241	Construction in progress
242	Long-term prepaid expenses		Long-term prepaid expenses
244	Long-term deposit and bet		Long-term collateral and deposit
2441	Deposit, long-term bet VND	244	Long-term collateral and deposit
311	Short term loan		Short-term borrowings
3111	Borrow VND VCB VP	311	Short-term borrowings
3112	Borrow USD VCB VP	311	Short-term borrowings
3113	Borrow EUR VCB VP	311	Short-term borrowings
3118	Other short-term loans	311	Short-term borrowings
315	Long-term debt due		Long-term loans due to date
331	Payable to seller		Payables to seller
333	Taxes and other payments to the state		Taxes and obligations to state budget
3331	VAT payable	333	Value added tax
33311	Output VAT	3331	From output
33312	VAT on imported goods	3331	From imports
33313	Output VAT on returned goods	3331	From imports
3334	Corporate income tax	333	Income tax from enterprise
3335	Personal income tax	333	Personal income tax
33351	Personal income tax from salary	3335	Personal income tax
33352	Personal income tax from capital investment	3335	Personal income tax
3336	Resource tax	333	Natural resource tax
3337	Real estate tax, land rent	333	Land and house tax, land lease charges
3338	Other taxes	333	Other taxes
3339	Fees, charges and other payables	333	Fees and other payables
334	Payable to workers	334	Payable to expenses
3341	Must pay employees	334	Payable to employee
3348	Must pay other workers	334	Payable to other work-people
335	Cost to Pay		Payable expenses
338	Other Payables and Accounts Payable		Other payables
3381	Surplus assets pending resolution	338	Pending assets
3382	Union dues	338	Trade Union fees
3383	Social insurance	338	Social insurance

2142

Health insurance	338	Health insurance
3385	Must return equitization	338	Payable on equating
3386	Accept deposits, short-term bets	338	Receipts of short-term collateral and deposits
3387	Realized revenue	338	Unearned revenue account
3388	Other payables	338	Others paid
341	Long term loan		Long-term borrowings
3411	Borrow VND VCB VP	341	Long-term borrowings
3412	Borrow VND VCB VP+ICB PY	341	Long-term borrowings
3416	Long-term loans/other	341	Long-term borrowings
342	Long-term debt		Long-term debit
343	Bonds issued		Bonds
3431	Bond face value	343	Bond cost
3432	Bond discount	343	Bond discount
3433	Bond premium	343	Bond surplus
344	Receive deposits, long-term bets		Receipts of long-term collateral and deposits
347	Deferred income tax payable		Deferred income tax payable
351	Unemployment Compensation Reserve Fund		Fund of provision on unemployment allowance
352	Provision for payables		Payable provision
353	Bonus and welfare fund		Welfare and Reward funds
3531	Reward Fund	353	Reward fund
3532	Welfare fund	353	Welfare fund
3533	Welfare fund has formed fixed assets	353	Fixed assets invested from welfare fund
411	Business capital		Paid in capital
4111	Owner's equity	411	Owner's capital
4112	Capital surplus	411	Surplus on share capital
4118	Other owners' equity	411	Other owner's capital
41181	Other owners' equity	4118	Other owner's capital
41182	Other mobilized capital	4118	Training and scientific research funds
412	Asset revaluation difference		Difference upon asset revaluation
413	Exchange rate difference		Exchange rate differences
4131	Exchange rate difference at the end of the revaluation year	413	Exchange rate differences at end of year
4132	Exchange rate difference during the period invest	413	Exchange rate differences during investment period
418	Other equity funds		Other funds of the owner
419	Treasury stock		Stocks of the owner
421	Father's profit distribution		Undistributed profit
4211	Last year's profit	421	Undistributed profit of previous year
4212	This year's profit	421	Undistributed profit of current year
511	Sales revenue		Sales turnover
5111	Sales revenue	511	From goods sale
5112	Revenue from sales of finished products	511	From products sale
5113	Service revenue	511	From services
5114	Subsidy revenue	511	Susidy from government
515	Financial operating income		Incomes from financial activities
5151	Income from joint venture capital activities	515	Incomes from joint-venture activities

3384

5152

Income from investment and trading activities stock	515	Incomes from investment in securities
5153	Rental income	515	Incomes from leasing activities
5154	Interest income	515	Incomes from bank interesting
5155	Interest income from loans	515	Incomes from capital lending
5156	Profit from foreign currency sales	515	Incomes from selling foreign currency
5158	Income from other investment activities	515	Incomes from other financial activities
521	Trade discount		Discount of paying
5211	Sales discount	521	Goods discount of paying
5212	Finished goods discount	521	Products discount of paying
5213	Service discount	521	Service discount of paying
621	Direct material costs		Direct raw material
622	Direct labor costs		Cost for direct labours
623	Cost of using construction machinery		Cost for construction machine
6231	Labor costs	623	Employees
6232	Material costs	623	Materials
6233	Cost of production tools	623	Instructions
6234	Construction machinery depreciation costs	623	Depreciation of construction machines
6237	Outsourcing service costs	623	External services
6238	Other cash expenses	623	Others by cash
627	General manufacturing costs		Factory overhead
6271	Factory staff costs	627	Factory overhead
6272	Material costs	627	Factory overhead
6273	Cost of production tools	627	Factory overhead
6274	Fixed asset depreciation costs	627	Factory overhead
6277	Outsourcing service costs	627	Factory overhead
62771	Cost of electricity production	6277	Factory overhead
62772	Other external costs	6277	Factory overhead
6278	Other expenses in cash	627	Factory overhead
62781	Meal cost	6278	Factory overhead
62782	Other cash expenses	6278	Factory overhead
632	Cost of goods sold		Original price of goods for sale
6321	Cost of goods sold	632	Cost of goods sold
6322	Cost of goods sold of finished goods	632	Cost of products sold
6323	Cost of construction works	632	Cost of construction sold
635	Financial operating expenses		Financial activities costs
6351	Expenses on joint venture capital activities	635	Expenses on joint-venture investment
6352	Expenses for securities investment activities	635	Expenses on investment in securities
6353	Expenses on property rental	635	Expenses on assets leasing
6354	Loan interest	635	Interest from buyers
63541	Short term loan interest	6354	Interest from buyers
63542	Long term loan interest	6354	Interest from buyers
63543	Interest on TC loan	6354	Interest from buyers
63544	Other loan interest	6354	Interest from buyers
6355	Money transfer costs	635	Expenses on money transfer
6356	Loss from foreign currency sales	635	Exchange loss

Costs from other investment activities	635	Other investment activities costs
641	Cost of sales		Sales costs
6411	Employee costs	641	Employees
6412	Cost of materials and packaging	641	Materials and wrappings
6413	Cost of tools and supplies	641	Stationaries for sale
6414	Fixed asset depreciation costs	641	Depreciation of fixed assets
6415	Warranty costs	641	Warranty expenses
6417	Outsourcing service costs	641	External services
6418	Other cash expenses	641	Others by cash
642	Business management costs		Enterprise administration expenses
6421	Management staff costs	642	Employees and managers
6422	Material cost management	642	Administrative materials
6423	Office supplies costs	642	Offices's equipments
6424	Fixed asset depreciation costs	642	Depreciation of fixed assets
6425	Taxes, fees and charges	642	Taxes, fees and charges
6426	Contingency costs	642	Provisions
6427	Outsourcing service costs	642	External services
6428	Other cash expenses	642	Others by cash
6429	Invalid document cost	642	Others by cash
711	Other income		Uncertain incomes
7111	Revenue from sale and liquidation of fixed assets	711	Incomes from disposal of fixed assets
7112	Collect fines for breach of contract	711	Incomes from broken contracts
7113	Collect bad debts that have been processed and written off	711	Incomes from settled bad debt
7114	Collecting debts of unknown owners	711	Income from unknown debt
7115	Revenue from previous years omission or error	711	Incomes remain or mistakes from past years
7116	Revenue from asset revaluation	711	Incomes from revaluation assets
7118	Other irregular income	711	Other uncertain incomes
811	Other costs		Uncertain costs
8111	Expenses for sale and liquidation of fixed assets	811	Expenses from disposal fixed assets
8112	Paying fines for breach of contract	811	Expenses from broken contracts
8116	Cost of revaluation of assets	811	Expenses from revaluation assets
8118	Other unexpected expenses	811	Other uncertain costs
821	Corporate income tax expense		Corporate income tax expense
8211	Current corporate income tax expense	821	Current year CIT expenses
8212	Deferred corporate income tax expense	821	Defer CIT expenses
911	Determine business results		Evaluation of business results
9111	Business performance results	911	Evaluation of business results
9112	Financial performance	911	Evaluation of financial results
9113	Abnormal performance	911	Evaluation of uncertain results

Management accounting of revenue, costs and business results at Viet Anh Production and Trading Company Limited - 14

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