Organization of responsibility accounting in construction corporations under the Ministry of Transport - 22

- Designing a model of responsibility accounting system in construction corporations

build

- Establish conditions for the designed model to operate and meet

for collecting, processing, synthesizing and providing information as well as controlling, evaluating information quality and management responsibility in the specific characteristics of construction enterprises according to the direction of the Prime Minister. Corporations must focus on building a detailed account system to implement decentralization and processing of information related to responsibility accounts; must build a system of budget reports, a system of implementation reports, a system of analysis reports to evaluate the implementation of responsibility centers. At the same time, construction corporations must redesign the accounting system in which responsibility accounting is organized to achieve the set goals.

- One of the important new contents in chapter 3 is that the author proposed using the KM Star Model to evaluate the management performance of responsibility centers of construction corporations in terms of balancing financial and non-financial aspects. This is a new content of management accounting.

PART 3: CONCLUSION AND RECOMMENDATIONS

1. CONCLUSION

Construction corporations are currently facing the following challenges:

challenge,

difficulties in business. Improving management capacity and evaluating the achievements of units and departments is one of the urgent issues of the Corporation. Organizing a responsibility accounting system at the Corporation is an objective necessity.

Although the Ministry

Finance has issued Circular

53/2006/TT-BTC on

job

guidance on applying Management Accounting in businesses, but the research,

apply plan

management mathematics

in general and responsibility accounting in particular for the

business in Vietnam is not a simple matter. In fact, in our country,

The use of information provided by accounting for business management is still limited. Management accounting has not yet received adequate attention commensurate with its position and

its role in corporate governance. The thesis contributes to the process of

improve the management and operation tools of production and business activities in general corporations and construction corporations in particular. In addition, the responsibility accounting organization model established in the thesis is based on the development and integration process according to the goal of sustainable development. This is a new point that no domestic author has published.

Based on theoretical and practical research, the thesis has systematically outlined the theoretical basis of responsibility accounting and the organization of responsibility accounting in construction corporations. Through surveying and evaluating the current status of responsibility accounting at construction corporations, the thesis has built a management model and evaluated the implementation of all levels (departments) in the Corporation from the lowest to the highest level.

In addition, to contribute to a comprehensive assessment, the thesis proposed to operate

Using the KM Star model to evaluate the management performance of responsibility centers

responsibility in the construction corporation. This is a new content in the control,

corporate governance. These are also the urgent demands and requirements for businesses in the process of integration and sustainable development.

2. PROPOSAL

2.1. For the State

In order to better support the operations of corporations as well as apply the responsibility accounting system to the specific conditions of construction corporations to increase the operational efficiency of the unit, the State needs to:

- Perfect the legal and operating environment for businesses to build organizations according to the corporation model.

- Build and develop programs, organize training and issue certificates of practice for responsible accounting.

- Create favorable conditions for businesses, training institutions... to have the opportunity to access and learn practical experience in organizing responsibility accounting systems in countries such as the US, China, India... in businesses as well as organizing training in schools.

2.2. For corporations

Thoroughly grasp the spirit of the Project "Restructuring State-owned enterprises, focusing on

is an economic group, state-owned corporation in the period 2011-2015" has been approved by the Prime Minister.

As approved by the Prime Minister, the Corporations must develop and implement a responsibility accounting system in their production and business activities. Depending on the characteristics and situation of the unit, a suitable responsibility accounting model must be applied and developed; along with specific conditions for the model to operate. To do this, first of all, the construction corporations must:

- Restructuring production and management organization, increasing decentralization to enhance management responsibility and authority.

- Reorganize the accounting system. Specifically:

+ Organize the initial document recording system.

The general principle when designing documents must ensure the requirement to classify costs according to their behavior towards the level of activity, details of the items.

costs to each specific object to meet the cost control requirements of administrators. Thereby, it is the basis for determining standard indicators as the basis for estimating, gathering costs by department, by each type of responsibility center.

+ Organize accounting system.

Establish detailed accounting books to create a database for preparing responsibility reports. In addition to using the detailed accounting system issued under Decision 15/QD-BTC, companies in the whole corporation need to design additional accounting books to track in detail the revenue and expenses of both the implementation period and the planning period; expenses in particular need to be tracked according to cost behavior.

+ Reorganize the accounting department.

As presented in the viewpoint section, the organizational model of the responsibility accounting system must ensure consistency with the accounting system in construction corporations, while ensuring harmony between costs and benefits. Therefore, the accounting apparatus must be redesigned in the direction of combining management accounting and financial accounting in the same department but with separation and clear assignment of content, scope of information provision as well as the relationship between management accounting and financial accounting.

+ Reorganize the accounting reporting system.

Accompanying the reorganization of the accounting apparatus in the direction of clearly separating the two subsystems: financial accounting and management accounting is the accounting reporting system. The accounting reporting system of corporations must be organized according to the regulations of financial accounting and must also be organized according to the requirements of management accounting. In which, the Responsibility Accounting Report is an inseparable part of the management accounting reports. The responsibility accounting reporting system is organized to include the system of budget reports, the system of implementation reports and the system of analysis reports.

- Improve management skills; train and develop responsible accounting staff.

responsibility. Periodically improve the current responsibility accounting reporting system to ensure the usefulness of the information provided by the reports to the owners.

management, and suitable for the information needs of the administrator in each specific period.

- Application of information technology

The basic function of accounting is to provide information on the economic and financial situation of the enterprise to managers. Whether this function is performed well or not depends first of all on the regularity, timeliness and accuracy of the information. Nowadays, with the development of information technology, the computerization of accounting work not only solves the problem of processing and providing information quickly and conveniently, but it also increases the labor productivity of the accounting department, creating the basis for streamlining the department, improving the efficiency of accounting activities.

For responsibility accounting, the problem of handling many different transactions, determining codes of responsibility centers, classifying costs, extracting data... requires the application of information technology to be able to quickly process collected information, as well as provide timely responsibility reports and ensure the usefulness of information.

- To apply the KM Star model to evaluate the performance of units, departments, and corporations, it is necessary to comply with the conditions when applying KM Star. In particular, the factor of building a strategy is the most important factor. The strategy must be built towards customers, in the spirit of competition in the market economy, not just empty strategies, built for the sake of it, following the trend.

2.3. For training facilities

- Make Responsibility Accounting an important part of management accounting training. Integrate BSC and KM Star models into the main training program.

- Organize workshops, seminars, and topics on applying responsibility accounting systems in large enterprises where there is decentralized management.

- Strengthen training in skills in using accounting software, computers and other management tools; skills in analyzing and organizing accounting information systems.

in a modern, computerized environment. Especially using information technology in processing and creating reports of responsibility centers.

- Quickly access the content of responsibility accounting systems in the direction of international practices and standards.

2.4. Recommendations for further research

Due to time and conditions not allowing, the thesis still has certain limitations. The thesis has proposed a specific organizational model for construction corporations but it is still general, stereotyped, not specific to any construction corporation. The system of reports, tables and evaluation criteria ... is built for illustration and guidance purposes but not specific to any corporation or still does not mention the estimated cost center (office department).

Based on the research results presented in the thesis, the next research direction that can be implemented is to organize a responsibility accounting system that goes deep into each area of ​​operation of the corporation type (in the case of a company operating in multiple industries and fields) or go into detail for each specific construction corporation.

More broadly, a research issue that can be further developed is the establishment of

organization model

successor

Accountability in business models such as corporations

Groups, companies... where decentralized management is implemented.