Organization of cost management accounting in Vietnamese confectionery manufacturing enterprises

Those who inherit the results without realizing the necessity of what they are doing will certainly fail. The same goes for implementing management accounting. Here, it is necessary to have a proper assessment from both the manager and the staff under their control. The manager must clearly understand what information he will need, from which he can make specific requests to provide to the staff on the basis of making reports. In addition, the manager also needs to know how to describe and plan his business strategies. Only then can the accounting department collect information to serve that plan. On the contrary, for subordinate departments, it is necessary to have employees who are well-trained and experienced in management accounting, who are clearly aware of the vital importance of the information provided by management accounting to the survival of the business. Only then will the information not be passive, reactive and lacking in substance.

* Regarding production process: It is necessary to reorganize the production and business process, gradually improve and apply advanced production processes such as applying ISO management standards, ISA environmental standards... when the processes are standardized, providing information will be easier and more accurate.

* Regarding organizational structure: Using a model that combines financial accounting with management accounting is suitable for businesses. However, information coordination and information sharing between departments in the accounting department and between departments in the company is very necessary but must also ensure confidentiality. Therefore, businesses need to review the regulations on the functions and tasks of each department, thereby describing them clearly, and need to have information connectivity to serve as a premise for ERP implementation later.

* Training and recruitment of staff: It is necessary to retrain accounting department staff in management accounting knowledge by inviting experts and lecturers with experience in management accounting, combined with referring to management accounting models that have been successfully implemented in units outside the industry. From there, it sets out management accounting requirements for newly recruited employees.

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* Application of information technology: Currently, the company's accounting department has been equipped with accounting software, these software are mainly "static" software equipped to serve mainly financial accounting, so when there is a request for management accounting reports, accountants must extract financial accounting information into Excel and then synthesize information from other departments to create management reports, this is a waste of time and does not take advantage of the power of the software. According to the author, businesses need to quickly deploy ERP systems into the business to maximize the application of information technology. ERP deployment is not too expensive compared to the scale of current confectionery businesses. Typically, BIBICA and Kinh Do companies successfully deployed Oracle's ERP system in November 2004, followed by Pham Nguyen confectionery in September 2011, which also announced the successful deployment of this advanced management system. With its strengths in forecasting and planning, ERP is certainly an important factor in the success of a business's management accounting. This also shows that the awareness of confectionery businesses about the role of modern management methods is not only limited to management accounting. The important issue is that accountants must know how to describe requirements for software developers to understand rather than using the available features of the software.

In summary: With the aim of improving the competitiveness of Vietnamese confectionery enterprises in the context of the economy having to compete fiercely with foreign enterprises as it is today, the organization and implementation of management accounting is no longer encouraged, but has moved to the mandatory stage, the problem is how to start depends entirely on the qualifications of the staff as well as the management team. If there is available potential and experience, the enterprise can start right away with the ERP system, but if everything starts from zero, it needs to be implemented from thinking and awareness. No matter how, the implementation of management accounting is mandatory for the success of Vietnamese confectionery enterprises in today's increasingly competitive market economy.

CONCLUSION OF CHAPTER 3

With the knowledge synthesized from the theoretical part of chapter 1, combined with the analysis and assessment of the advantages and disadvantages in the application of management accounting of confectionery enterprises in chapter 2, the author has proposed a number of solutions to improve the organization of cost management accounting in confectionery manufacturing enterprises in Vietnam. With such an objective, in chapter 3 the author has raised and solved the following issues:

Firstly: State the necessity and provide the requirements and basic principles for perfecting the organization of cost management accounting in Vietnamese confectionery manufacturing enterprises today.

Second: Propose solutions to improve the organization of cost management accounting in Vietnamese confectionery manufacturing enterprises, including a group of solutions from the stages of information collection, analysis and provision of management accounting information in Vietnamese confectionery manufacturing enterprises. The author also proposes a plan to organize the management accounting apparatus in the enterprise.

Third: To implement the above solutions, the author also proposed conditional requirements to organize good cost management accounting in confectionery enterprises. It also clearly stated specific conditions for State management agencies as well as for enterprises in the confectionery production sector.

CONCLUDE

After Vietnam joined the WTO, our country's economy has fully integrated with the global economy, competition does not simply come from within the country or from countries in the free trade bloc. Therefore, confectionery businesses need to give up the past dream that traditional products or unique flavors can make waves at home, but this is a real confrontation with products from countries around the world with advantages in technology, management processes combined with an increasing understanding of the Vietnamese market, which will certainly put strong pressure on domestic businesses if Vietnamese businesses do not have their own ways to go, and one of the effective methods is to reform the management process, one of which is accounting in general and management accounting in particular, with the advantage of participating in monitoring and recording economic transactions that arise throughout the business's operations.

In the world, management accounting has been used for a long time, with its extensive development experience, almost every enterprise in developed countries uses management accounting as an important and indispensable tool in business management. However, in Vietnam, management accounting has only been introduced into training for about 10 years, so it is still very new to Vietnamese enterprises in general and confectionery enterprises in particular. Therefore, conducting research on the nature and content to implement management accounting in Vietnamese confectionery enterprises is very necessary.

As a financial management tool, management accounting is a field of activity closely related to financial activities and plays a very important role in assisting managers in making business management decisions. Correctly assessing the role of management accounting and applying management accounting appropriately to the characteristics of the business will help confectionery businesses stand firm in today's increasingly fierce competitive environment.

Through the entire content presented in his thesis, the author has raised basic theoretical issues on management accounting and application experience.

of management accounting of some countries in the world. The classification of costs and the way to organize cost management accounting have also been mentioned by the author in the theoretical part to help users have a basis to identify and classify costs for their business as a basis for analysis in the business.

Also in the theoretical part, the author has presented viewpoints and models on the organization of management accounting in enterprises. The thesis has analyzed the strengths and weaknesses of each management accounting model as a basis for application to Vietnamese confectionery enterprises.

In the part on management accounting practices in Vietnamese confectionery manufacturing enterprises, the author pointed out the shortcomings and causes of the current accounting system in confectionery manufacturing enterprises and gave solutions as a premise for chapter 3 of the thesis.

Based on the general theory of management accounting, from the survey of management accounting practices in Vietnamese confectionery manufacturing enterprises, the thesis has proposed a number of solutions to improve the organization of cost management accounting such as applying a flexible budgeting system to measure and control costs at different levels of enterprise operations. Based on the characteristics of confectionery enterprises, the thesis also provides a way to analyze the decision to self-produce or purchase some input factors in the product manufacturing process, which is very suitable for the production characteristics of confectionery enterprises, that is, the products go through many production stages, the finished products of this stage can also be input materials for the other stage.

Management accounting is a relatively broad field while awareness of management accounting is not yet highly appreciated in enterprises. Therefore, with the author's limited knowledge and experience, there are few opportunities to access advanced management accounting models, so the thesis certainly has many shortcomings. I look forward to the contributions of teachers, friends and colleagues to make the thesis more complete./.

LIST OF AUTHOR'S RESEARCH WORKS

1. Nguyen Hoan (2008), “Organizing accounting systems in small and medium enterprises in Vietnam”, Accounting Journal, (70), 52-54.

2. Nguyen Hoan (2009), “Auditing Marketing”, Journal of Auditing Science Research, (18), 23-25.

3. Nguyen Hoan (2009), “The current situation of financial statement analysis in small and medium enterprises in Vietnam”, Accounting Journal, (78), 23-25.

4. Nguyen Hoan (2010), “Building an accounting system with corporate governance”, Accounting Journal, (85), 24-27.

5. Nguyen Hoan (2011), “Applying the least squares method in mixed cost analysis”, Journal of Development Economics, (165), 79-84.

6. Nguyen Hoan (2011), "Cost management accounting model", Journal of Environmental Economics, (10), 22-26.

7. Nguyen Hoan (2011), “The role of accounting software for small and medium enterprises”, Journal of environmental economics, (13), 22-23.

8. Nguyen Hoan (2011), "Improving the model of management accounting organization in Vietnamese confectionery manufacturing enterprises", Journal of Environmental Economics, (16), 36-39.

LIST OF REFERENCES

I. VIETNAMESE

1. Ministry of Finance (2006 ), Decision No. 15/2006/QD-BTC dated March 20, 2006 promulgating the enterprise accounting regime, Hanoi.

2. Ministry of Finance (2006), Circular No. 53/2006/TT-BTC on guidance on applying management accounting in enterprises, Hanoi.

3. Nguyen Van Dung (2009), Restaurant - Hotel Management Accounting, Ho Chi Minh National University Publishing House.

4. Tran Van Dung (2002), Organization of cost and price management accounting in manufacturing enterprises in Vietnam, PhD thesis in economics, Academy of Finance.

5. Nguyen Tuan Duy, Nguyen Phu Giang (2008), Management Accounting, Financial Publishing House.

6. Tran Thi Du (2011), "Activity-based costing method: Theoretical progress of management accounting", Journal of Accounting - Auditing, (95), 16-18.

7. Pham Van Duoc (1997), Directions for building content and organizing the application of management accounting in Vietnamese enterprises, PhD thesis in economics, Ho Chi Minh City National University.

8. Pham Van Duoc (2009), Management accounting model and operation mechanism, Finance Publishing House, Ho Chi Minh City.

9. Bui Bang Doan (2009), "Applying activity-based costing system in small and medium enterprises in Vietnam", Accounting Journal, (76), 39-42.

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Management and organization applied to Vietnamese enterprises, PhD thesis in economics, National Economics University.

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16. Truong Ba Thanh (2008), Management Accounting, Education Publishing House, Hanoi.

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18. Nguyen Quoc Thang (2010), Organization of cost management accounting and product pricing in enterprises in the Vietnamese plant seed industry , PhD thesis in economics, National Economics University.

19. Van Thi Thai Thu (2008), Perfecting the organization of management accounting for costs, revenue, and business results in hotel businesses in Vietnam, PhD thesis in economics, University of Commerce.

20. Nguyen Van Thuan (2010), Financial Management, Electronic Textbook, Ho Chi Minh City Open University.

21. Pham Thi Thuy (2007), Building a cost management accounting model for Vietnamese pharmaceutical manufacturing enterprises, PhD thesis in economics, National Economics University.

22. Hoang Van Tuong (2010), Organizing management accounting to strengthen business management in Vietnamese construction enterprises, PhD thesis in economics, National Economics University.

23. Duong Thi Mai Ha Tram (2004), Building a management accounting system in Vietnamese textile enterprises, PhD thesis in economics, Ho Chi Minh City University of Economics.

24. Tran Quang Trung (2011), "Depreciation and allocation of fixed assets in

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