Organization of cost and product cost management accounting in enterprises in the Vietnamese plant seed industry

APPENDIX 1

INVESTIGATION FORM

Please provide the following information:

1. What form of bookkeeping does the unit's accounting system apply?

□ Voucher Journal □ General Journal

□ Documents - Bookkeeping □ Journals - Ledgers

2. Does the unit open detailed books for accounts 621?

□ No □ By product type □ By team, production farm

3. Does the unit open detailed books for accounts 622?

□ No □ By product type □ By team, production farm

4. Does the unit open a detailed account book 627 for teams and production camps?

□ Yes □ No

5. Does the unit open a detailed account 154 by product type?

□ Yes □ No

6. For general production costs, does the unit track them separately into variable costs and fixed costs?

□ Yes □ No

7. Does the unit allocate general manufacturing costs to each product type?

□ Yes □ No

(If yes, continue with question 8, if no, go to question 9)

8. What criteria does the unit use to allocate general production costs?

………………………………………………………………………….…

9. Does the unit evaluate unfinished products?

□ Yes □ No

(If yes, continue with question 10, if no, go to question 11)

10.What method of evaluating unfinished products does the unit apply?

…….………………………………………………………………………………………………………………

11. Does the unit calculate the cost of each product type?

□ Yes □ No

(If yes, continue with question 12, if no, go to question 13)

12.What costing method does the unit apply?

…………………………………………………………………………….

13.What is the unit cost calculation period?

□ Month □ Quarter □ Year

14. Does the unit calculate the cost of manufactured products using the variable cost method?

(According to this method, the cost of production of a product only includes variable production costs, while depreciation costs of production equipment, factory depreciation and other fixed production costs are not included in the cost)

□ Yes □ No

15. At the unit, general production costs account for approximately what percentage of total production costs?

…………………………………………………………………………………………………………………

16. At the unit, depreciation costs of machinery, equipment and factories account for approximately what percentage of total general production costs?

…………………………………………………………………………………………………………………

17. Does the company have a standard cost system?

□ Yes □ No

(If yes, continue with question 18, if no, go to question 20)

18.How often are those cost standards reviewed?

□ Quarterly □ Half-yearly □ Yearly

19.What is the standard cost system used for?

□ Actual assessment □ Cost allocation □ Do nothing

20. Does the unit analyze the break-even point?

□ No □ Sometimes □ Quite Often □ Often

21. Does the unit have a business cost estimate?

□ No □ Sometimes □ Fairly Often □ Often

22. According to you, the current cost and price accounting section at the unit has the main purpose of:

(order of importance 1 – Most important; 5 – Least important)

Prepare periodic financial reports

Determine product selling price

Business production planning

Cost Control (Management)

Make a decision

23.Are you satisfied with your current cost accounting system?

□ No □ Somewhat satisfied □ Satisfied □ Very satisfied

Thank you very much for your help!

APPENDIX 2

SUMMARY OF INVESTIGATION RESULTS

1. Accounting form


Voucher Journal	19%	General Journal	34%
Documents - Bookkeeping	47%	Journal - Ledger	0%

Maybe you are interested!

2. Open detailed account 621 by product

Yes 74% No 26%

3. Open detailed account 622 by product

Yes 79% No 21%

4. Open detailed account 627 according to team and production camp

Yes 78% No 22%

5. Open detailed account 154 by product type

Yes 100% No 0%

6. Separately track variable and fixed costs in general manufacturing costs

7. Criteria for allocating general production costs

Yes 0%

Are not	100%
CPNVLTT 12%	CPNCTT	71%
CPNVLTT&CPNCTT 17%
8. Method of evaluating unfinished products

CPNVLTT 26% Other methods 74%

9. Cost calculation period

Month 21% Quarter 79%

10.Calculate the cost of manufactured products using the variable cost method Yes 0% No 100%

11. Proportion of general production costs in total production costs

Over 20% 17% From 10%-20% 16%

Under 20% 67%

12. Standard cost system

Yes 0% No 100%

13. Break-even point analysis

Yes 0% No 100%

14. Prepare business cost estimates

Yes 0% No 100%

15. The main purpose of cost and price accounting is to prepare periodic financial reports 12%

Determine product selling price; Make production and business plans; Control (Manage) costs; Make decisions 88%

16. Satisfaction with current cost accounting system

Are not

7%	Relatively satisfied	47%
Satisfied	46%	Very satisfied	0%

APPENDIX 3

LIST OF UNITS CONDUCTING REALITY SURVEY

STT

Unit name	Received reply
1	Northern Seed Joint Stock Company
2	Central Seed Joint Stock Company	X
3	Southern Seed Joint Stock Company	X
4	East-West Seed Joint Venture Company – Ho Chi Minh City Bright
5	Nghe An Seed Joint Stock Company	X
6	NLN Dai Thinh Seed Company
7	Ha Nam Seed Joint Stock Company	X
8	Hai Duong Seed Joint Stock Company
9	Hai Phong Seed Joint Stock Company	X
10	Lang Son Seed Joint Stock Company	X
11	Thai Thuy Seed Joint Stock Company
12	Central Seed Joint Stock Company	X
13	Nam Dinh Seed Joint Stock Company
14	Dong Nai Seed Joint Stock Company	X
15	Dien Bien Agricultural Seed Company
16	Quang Binh Seed Joint Stock Company	X
17	Bac Giang Seed Joint Stock Company	X
18	Ocean Seed Company
19	Agricultural and forestry seed company Lai Chau	X
20	Ninh Binh Seed and Animal Husbandry Joint Stock Company	X
21	Shuxing Seed Company – China
22	Trong Tin Seed Company
23	Binh Phuoc Plant Breeding Center
24	Binh Thuan Plant Breeding Center	X

Hung Yen Plant Breeding Center
26	Ninh Thuan Plant Breeding Center	X
27	Corn Investment and Development Consulting Company - Institute of Agricultural Research save corn
28	Thua Thien Hue Plant and Animal Seed Joint Stock Company	X
29	Song Da Trading Joint Stock Company
30	ITV Plant Protection Saigon Co., Ltd.
31	Quang Nam Agricultural and Forestry Seed Joint Stock Company	X
32	Nong Tin Seed Joint Stock Company
33	Nha Ho Seed Joint Stock Company
34	Green Production Trading Company Limited
35	Thai Binh Seed Joint Stock Company	X
36	Bioseed Vietnam Company
37	Ha Tinh Seed Joint Stock Company	X
38	Lai Chau KTNN Materials Company Limited
39	Central Seed Company Limited - Quang Ngãi
40	Pho Bang Plant Breeding Center, Dong Van, Ha Noi Giang	X

Organization of cost and product cost management accounting in enterprises in the Vietnamese plant seed industry - 23

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