Hoàn thiện kế toán quản trị chi phí và giá thành tại các công ty xây dựng công trình thủy lợi ở việt nam tt tiếng anh

MINISTRY OF EDUCATION

MINISTRY OF FINANCE

AND TRAINING

ACADEMY OF FINANCE
****************

DAO THUY HANG

" COMPLETING ACCOUNTING OF COST AND
PRICE MANAGEMENT AT IRRIGATION CONSTRUCTION
COMPANIES IN VIETNAM ".

Major: Accountant
Code: 9.34.03.01

ABSTRACT SUMMARY THESIS

Hanoi – 2020
1


THE PUBLICATION COMPLETED
AT ACADEMY OF FINANCE

Science instructor:
1. Assoc. Prof. Pham Thi Kim Van
2. Assoc. Prof. Pham Tien Hung

Reviewer 1:………………………………….
Reviewer 2:
…………………………………..
Reviewer 3:
………………………………….

" COMPLETING ACCOUNTING OF COST AND
PRICE MANAGEMENT AT IRRIGATION
CONSTRUCTION COMPANIES IN VIETNAM ".

At: …… .time …… ..date …… month …… year ………………

2

Found in: National or AOF Libraries


INTRODUCTION
1. Thesis necessities
For irrigation construction companies to get a completed project,
they had to undergo many stages, each stage incurred many expenses to
vary, making it difficult to control costs. Their accounting of cost and
cost management have not met the requirements set for the domestic
enterprises in the new situation.
Stemming from the above situation, the author conducts research
on the topic: "Completing accounting of cost and price management
at irrigation construction companies in Vietnam" as a thesis
topic. Accounting of cost and price management is not a new topic and
many authors have conducted research. However, no other author has
conducted any similar research in relation to the management function

of managers at irrigation construction companies in Vietnam.
2. Thesis research purposes
2.1. Theoretically
Based on researching specific business production activities
of irrigation construction enterprises, the author systematized the theory
of cost and price management accounting in construction enterprises in
the direction of focusing on studying the contents of the cost and price
management accounting in term of relationship with the management
function of the administrator, studying the cost and price management
accounting to offer the most appropriate solutions to the irrigation
construction enterprises.
2.2. Practically
Describing, analyzing and assessing the current situation of
economic cost and price management accounting applied at the
construction companies of irrigation works to point out what has been
1


done, what has not in the production cost and price management
accounting at these companies.
3. Thesis object and scope
3.1. objecti
The object of study is defined as: Production cost and price
management accounting of irrigation construction works at irrigation
construction companies in Vietnam. As a contractor for irrigation
works for the investor ( excluding the investor who has established the
PMU).
3.2. Scope
3 .2.1. Content
In order not to be distracted, the author focused on

researching production cost and price management accounting of work
and work categories in irrigation construction activities, as the
contractor.
3.2.2. Location
Because irrigation construction companies operate in different
geographical areas (Vietnam has 3 regions: North, Central and South)
but they have similar operating characteristics of the ones operating in
the construction irrigation sector. And there is no big difference
production cost and price management accounting. Thus, our thesis
should only survey irrigation construction companies in the North as
samples.
3.2.3. Time
The data collected by the author is accounting data from 20142018
4. Methodology
4.1. Information collection : primary and secondary level
2


Survey by investigation method, interview method
4.2. Data processing
For secondary data , after collecting the classification, sort the
data in order of priority of importance.
For primary data , research process is a combination of
interpretation and inductive, using a number of specific techniques,
such as: integration, statistics, analysis, comparison, interview, etc .. is
flexibly used in the thesis.
5 . The thesis contributions
Theoretically: The thesis focuses on research to clarify
theoretical matters of cost and price management accounting in
construction enterprises. Based on the the findings of international cost

and price management accounting in some typical countries, the thesis
helps to draw experiences in cost and price management accounting of
Vietnamese construction enterprises.
Practically: The

thesis has evaluated

the

advantages,

disadvantages and causes of production cost and price management
accounting problems and offered suitable feasible solutions, to
complete the cost and price management accounting in irrigation
construction companies. ..
6. The thesis structure
In addition to the introduction, conclusion, references and
appendices, the thesis is divided into 3 chapters:
Chapter 1: General theoretical bases of production cost and price
management accounting in construction enterprises.
Chapter 2: Current situation of production cost and price
management accounting in irrigation construction companies in
Vietnam
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Chapter 3: Completing the production cost and price management
accounting at irrigation construction companies in Vietnam
CHAPTER 1
GENERAL THEORETICAL BASES

OF PRODUCTION COST AND PRICE MANAGEMENT
ACCOUNTING IN CONSTRUCTION ENTERPRISES
1.1. General

overview

of production

cost

and

price

management accounting
1.1.1. Concept, nature and role of production cost and price
management accounting in construction companies.
Management accounting is a science that acquires,
processes and provides quantitative, non-quantitative information
(financial information and financial charges) on the activities of the unit
in detail, helping managers in the process of making decisions related to
the planning, implementation organization, inspection, control and
evaluation of the performance of units' activities. "
In the author’s opinion, the nature of production cost and price
management accounting is:
Production Cost and Price Management accounting is a part of
Management Accounting to provide information on costs and price to
serve the administrator’s functions such as planning, testing, decision
making.
The role of production cost and price management accounting

in construction enterprises can be generalized in the following points:
Recording selectively, providing information on the construction
work/work category activities, inspection and explaining the plan
implementation, cost estimating, and decision making. ...

4


1.1.2. Goals, tasks and affecting factors of production cost and
price management accounting in construction enterprises.
a) The objective of construction cost and price management
accounting: cost controlling and evaluating the responsibility of centers
in the organization, making decicions of administrator.
b) The task of production cost and price management accounting
in construction enterprises: Measuring, calculating the cost of a work
/work category or a specific constructive activity, investigating the
implementation of cost norms ...
c) Factors affecting production cost and price management
accounting in construction enterprises: Objective and subjective
factors.
1.2. Irrigational characteristics affecting production cost and
price

management

accounting: Constructive

products

are

individual, valueable. Construction time is relatively long. To get the
construction contract , the companies often have to experience bidding
stages .....
1.3. Determining cost methods
1.3.1. Target costing method (TC) : TC is a cost management
methods used to achieve planned profit.
1.3.2. Kaizen costing method (KC ) : In Japanese, the term
Kaizen means "improve" or "change for the better" this is the
philosophy focusing on continuous improvement of the manufacturing
process, engineering, business process support, and management.
1.3.3. Standard costing method
Standard

costing

method is

a traditional cost

accounting

method introduced in the 1920s, replacing the traditional cost
accounting method based on historical costs. [78] [36] .
5


1.3.4. Construction activity characteristic affecting the choice
of

using

the

production

cost

and

price

management

accounting method
In the construction industry, apart from the factors that encourage
technological development, capital investment, they also involve
management activities. One of the management methods used in highly
competitive manufacturing is the determination of target costs.
1.4. Basic content of production cost and price management
accounting.
Considering the management accounting process in relation with
management functions, mangement accounting includes: Formalizing
their unit objectives into their economic aims, making general and
detailed estimation, collection and providing information on the results
of implementing the objectives ... Therefore, to meet the needs of
information serving enterprise management functions, the basic content
of cost and price management accounting includes:
- Identifying and classifying expenses
- Setting norms and making cost estimation

- Gathering and calculating the cost allocation for the price
calculation objects
- Controling costs and accounting responsibility
- Cost analyzing to provide information for decision making
- Making economic reports of production costs and costs
1.5. Cost and price management accounting in some countries
in the world and experience for Vietnamese businesses
In different countries, there is different application of cost and
price

management

accounting. However,

the

cost

and

price

management accounting in Vietnam is still quite new. It takes time,
6


specific plans and roadmaps to apply flexibly, in accordance with
current conditions and future development directions .
SUMMARY OF CHAPTER 1
In Chapter 1 of the thesis, the author in depth analyze general

situation of cost and price management accounting. Its common basic
theories of cost and price management accounting in the construction
enterprises which are presented and analyzed in chapter 1 are the bases
for the author to study, investigate the application state of cost and price
management accounting in the irrigation construction companies in
Vietnam.

7


CHAPTER 2
CURRENT SITUATION OF PRODUCTION COST AND PRICE
MANAGEMENT ACCOUNTING IN IRRIGATION
CONSTRUCTION COMPANIES IN VIETNAM
2.1. Overview of irrigation construction industry in Vietnam
2.1.1. The formation and development process of irrigation
construction industry in Vietnam : Irrigation is taken priority to be
invested to promote its efficiency. Irrigation is always a special priority
of the Government and Party.
Irrigation development has stemmed from the agricultural and
rural development basis in the renovation process which makes an
important contribution to the food security warrant, production
restructures, natural disaster prevention, ecurity protection and safe
production for all the citizens.
2.1.2. Overview of characteristics of production and business
activities at irrigation construction companies as contractors : Due to
the single, individual and various characteristics of construction works
performed by the company, the accountant must take into account the
cost accounting and price calculation for each separate project. After
conducting a full acceptance of construction building , general cost and

price accounting for all the work is performed.
2.1.3. Irrigation State Management System
The organization of state management on irrigation works is
described in the following chart :

8


Chart 2.5: Organization of state management on irrigation works
(Source: Economic Research Center- Vietnam Academy of
Irrigation)
2.1.4. Characteristics of the financial mechanism affecting
the cost and price management accounting in irrigation construction
industry in Vietnam
Although the government has already had mechanisms
and policies in operation management, together with the ordinance for
exploitation and protection of irrigation works, the financial mechanism
of businesses is still not guaranteed. Most of the exploiting irrigation
enterprises works undergo insufficient expenditure, but the recharging
of fund is inadequate. In the advantaged localities with quite good
capacity, the refund of budget is only partially. In difficult ones,
compensation are not frequent.
2.2. Actual situation of cost and price management accounting
at irrigation construction companies in Vietnam
2.2.1. Identifying costs, sorting costs at construction
irrigation companies

in Vietnam : 100% of businesses classify

9

business production cost according to including charges into cost
accounting (Sentence 14-Appendix 1D2)
2.2.2. Standardizing and making cost estimation in irrigation
construction
2.2.2.1. Actual

situation

of

cost

starndardizing: 100%

of

irrigation works construction companies have set norms according to
the guidance of the Ministry of Agriculture and Rural Development, the
ministries and provincial people's committees in planning, announcing
the construction norms for specific works of the branches and localities.
2.2.2.2. Actual situation of cost estimation
In the actual survey at the Irrigation and Construction Companies,
100% of the Irrigation and Construction Companies conduct make cost
estimations according to each work / work category.
2.2.3. Actual situation of collection and calculation of cost
allocation for the price calculated objects at irrigation and
construction companies
2.2.3.1 Actual situation of collecting cost information

For recorded information held about production cost and prices at
irrigation construction companies at the time of the survey, 9/52
(17.3%), construction irrigation companies are adopting Circular No.
200/2014 / TT-BTC dated December 22, 2014 of the Ministry of
Finance, 43/52 (82.7%) of the company applied Circular No. 133/2016 /
TT-BTC dated August 26, 2016 of the Ministry of Finance. (Sentence
2-Appendix 1D2) .
2.2.3.2. Situation of cost collection: Through surveys at the
companies constructing irrigation works, it is shown that 100% of
enterprises identify the object of collecting production costs as the work
/ work category.
10


2.2.3.3. Methods

of

determining

the

costs

at

irrigation

construction companies : Currently, irrigation construction companies
using the method of determining the cost of production by the method

of transmission system. Those company has not applied the target cost
management accounting method.
2.2.3.4. Actual situation of defining the cost production allocation
model
The irrigation construction companies distribute production costs
related to subjects Specifically: There are 22/52 companies accounting
for 42.76% The irrigation construction companies allocated production
costs with direct expense of raw materials, 15/52 companies accounting
for 29.66% of the enterprises allocated according to output value, 9/52
companies accounting for 16.55% of the enterprises allocated according
to real volume, and 11.03% of enterprises allocate according to the
estimated value ( sentence 26 - Appendix 1D 2 )
2.2.3.5. Current status of unfinished product reviews
Characteristics of irrigation construction is: Production according
to the State orders, the cost of the works / work category is determined
in advance. Therefore, there will be no uncompleted products at the end
of the period.
2.2.3.6. Actual

situation of

cost

estimation: Irrigation

construction companies apply simple costing method to calculate each
work /work category.
2.2 .4. Organizing cost

control at

irrigation

construction

companies
2.2.4.1. Actual cost control situation :According the survey, there
are 2/52 (3.8 % ) companies have made the assessment on a regular
basis cost evaluation to provide administrators with information.
11


2.2.4.2. Assigning responsibility in the irrigation construction
companies
In the actual survey, 100% of the companies have conducted
decentralized management, clearly assigned and defined responsibilities
of each management level in the company.
2.2.5. Actual situation of cost analysis to provide information
for decision making
The survey results show that only 15.4% of the enterprises know
about the cost and price accounting at an early stage, but the irrigation
construction companies in the North have had cost analysis served
business decisions.
2.2.6. Actual situation of cost and price accounting report.
According

to

the survey

at

the

irrigation

construction

companies, only (6/52) equivalent to 11.5% of enterprises reported
periodically or at the request of the managers (sentence 13-Appendix
1D2) .
2.3. Assessing the current situation of production cost and
price management accounting at irrigation construction companies
in Vietnam
2.3.1. The advantages of cost and price management accounting
at irrigation construction companies in Vietnam
- Regarding the identification and classification of production
costs: Irrigation construction companies have basically determined the
content of production costs and classified their production costs strictly
according to the enterprise accounting policies.
- Regarding the building of norms, cost and price estimation:
Estimation work in irrigation construction companies has generally

12


applied regulations, norms and methods. cost estimates of the Ministry
of Construction .
- Regarding the economic efficiency of production value and cost:
Companies apply the method of calculating prices by the direct method,

this method will help managers to control costs closely, simply and
quickly.
- Regarding the preparation and presentation of accounting
reports, in general, they are ensured according to regulations and in
accordance with the requirements of providing information for users.
-About accounting responsibilities: At the Company has a clear
management hierarchy. 100% of companies have conducted cost
estimation analysis with planned costs to enable administrators to
control costs incurred, thereby taking cost savings.
2.3.2. The limitations and their causes
First, the identification and classification of costs : is not
valuable for management unit.
Second, the setting cost norms and making cost estimation:
Enterprises have set cost norms but not yet completed.
Third, the composing and calculating cost allocation
for the priced objects : The determination and calculation of arising
costs for objects is not reasonable, not accurate to actual costs,
unsuitable for the requirements of enterprise management and the
evaluation of each department efficiency.
- About applying the target cost and price management
accounting: in the survey at the irrigation construction companis, it has
not been applied.
Fourth, cost control : illogical

13


- Responsibility accounting: in the companies, responsibility
centers such as cost center, revenue center, profit center and investment
center have not yet been identified.

Fifth, cost analysis providing information for decision
making : the companies have not applied appropriate information
technology for decision making .
Sixth, the report of cost and price management accounting:
the preparation of management reports: little and sketchy.
*Reasons
- Objective cause : There has been no guidance from the State on
the content, methods and organization of types, forms of ownership,
scale, ... of Irrigation Construction Companies.
- Subjective reasons : Because of the administrator’s awareness
the accountant’s abilities , the contact between departments in the
company , the staff building norms and estimation , the information and
technology application ....
SUMMARY OF CHAPTER 2
Chapter 2 clarifies the characteristics of the organization of
production activities of the irrigation construction company in Vietnam
and the impact on the accounting work in general and the production
cost and price management accounting in irrigation construction
companies in Vietnam in particular. On that basis, the author has
analyzed and assessed the actual situation of cost and price management
accounting in

irrigation construction companies, pointing out the

advantages, disadvantages and their causes, which are the bases to
offer solutions to improve the production cost and price management
accounting in irrigation construction works in Vietnam.

14

CHAPTER 3
COMPLETING THE PRODUCTION COST AND PRICE
MANAGEMENT ACCOUNTING AT IRRIGATION
CONSTRUCTION COMPANIES IN VIETNAM
3.1. Development

strategies

of

irrigation

construction

industry and the completion requirements of the production cost
and price management accounting in irrigation construction
companies in in Vietnam
3.1.1. Development strategy of irrigation construction industry
to 20 30 and the vision to 20 45 : Ensuring that people in the Mekong
Delta, Central and mountainous areas live stably and safely when the
sea level risea, guaranteeing that 3.8 million hectares of rice grown
well 2 seasons per year, implementing effectively the measures to
prevent and mitigate natural disasters in the climate change situation.
3.1.2. Business environment and information needs serving the
decision-making process.
The survey results showed that in the majority of companies the
production cost and price management accounting has been used only
to provide information to meet the regulations of the State for financial
information, not enough for the managers to make decisions.

3.1.3. Completed requirements of the production cost and price
management accounting of construction companies in the irrigation
works in Vietnam.
First, Completing the production cost and price management
accounting must follow the issued legal system
Irrigation construction companies that operate must comply with
the laws and regulations on financial management of ministries and
branches related to their operations. Therefore, completing the
15


production cost and price management accounting must also be in
accordance with the law, the guiding circulars related to the price
management accounting issued by the authorized agencies of the State.
Second: Completing the production cost and price management
accounting must be suitable with the operating characteristics, the
scale, the characteristics of management organization and the scope of
activities of the unit.
Researching and completing the production cost and price
management accounting of each unit must be based on the operational
characteristics, scale, management organization and capacity of such
unit to bring high efficiency in application of each unit.
Third: Completing the production cost and price management
accounting must ensure providing sufficient and timely accounting
information for the unit administrator.
In order to avoid distracting information affecting the business
decision of the company, the company should use the information
selectively. the information must be processed. Therefore, information
providing should emphasize on the uniformity of requirements in a
timely, complete and accurate manner.

Fourth: Completing the production cost and price management
accounting must ensure the requirements suitable with globalization
trends.
The completion of the production cost and price management
accounting of irrigation construction companies must be in line with
international practices.
3.2. Solutions for completing the production cost and price
management accounting at irrigation construction companies in
Vietnam
16


3.2.1. Completing cost identification and cost classification at
irrigation construction companies in Vietnam
For management accounting, costs need to be identified according
to the behavior of costs. Such cost classification is important in cost
analysis, planning, control and regulation of enterprise management
costs .
3.2.2 Completing the norm building and cost estimation at the
irrigation construction companies in Vietnam
Irrigation

works

depends

greatly

on

natural conditions,

topography, and the status of the construction system, so it is impossible
to set a common norm for the whole industry but the norm must be built
individually.
3.2.2.1. Establish a system of cost norms
First: Establish internal cost norms
Second, cost norm builders must have highly professional
qualifications and practical knowledge.
3.2.2.2. Build cost estimation according to administration
costs: The companies are required to make: internal estimation for
management demand at the unit, construction work/ word category
estimation up on the operations , annual cost estimation.
3.2.3. Complete the collection and calculation of cost allocations
for the priced objects at irrigation construction companies
3.2.3.1. Completing

the

organization

of

cost

information

collection : The collection of accounting information needs the
participation of all relevant departments in the enterprise.
3.2.3.2. Completing the application of the target cost method at

irrigation

construction

companies

in

Vietnam : For

irrigation

construction companies, the application of the target cost method at the
17


bid stage estimation and contracting one to ensure the bid victory and
guarantee that the construction production achieves the target profit
level is very necessary.
3.2.4. Completing control of the production cost and price
management accounting at irrigation construction companies in
Vietnam : Enhancing strictly inspection, control of production cost,
construction supervision ...
❖ Supply stage: Periodically, the Material Department reviews
the supplier, and reports back to the Company Director on whether to
continue or remove the supplier.
❖ Delivery, receipt and warehousing : In order to avoid cheating
on the number of supplies when the storekeeper goes through the
procedures of receiving and warehousing, there must be an employee
independent from the storekeeper

❖ Use

of

materials: Increasing

inspection,

construction

supervision (responsibility of technical staff), requiring the inspection to
be focused but not to be taken lightly of any job;
b. Inspection

procedures

checking in workmanship

of

before

direct

signing

labor

the

costs: Need

contract, intensify

checking, regular monitoring of labor productivity of workers.
c. Procedures for controlling the cost of using constructional
machines.
- For the cost of outsourced construction machines: Need to find
out the prices in many units for renting the machine, choose the unit
that offers the lowest price.
- For construction machines under

the

management

company: strengthen irregular inspection of construction sites.
d. General production cost control procedures.
18

of

the


- Control costs of materials share a similar procedure cost control
of direct materials
* Responsibility accounting is only done in enterprises with
organizational

structure

of

the

management

system

clearly

assigned. Depending on the characteristics of the organizational
structure, the level of management decentralization and the goals of the
enterprise administrator, it is divided into the respective responsibility
centers.
3.2.5. Complete cost analysis to provide information for decision
making at irrigation construction companies in Vietnam.
In order to assess the use of costs and performance, companies
need to develop cost expenditures to analyze cost fluctuations through
cost reporting and cost information for the business management
decisions.
3.2.6. Completing the reporting system for managing production
costs and price : The product cost management report provides
information about the total cost and unit price of each product
manufactured by the enterprise. On that basis, it helps administrators
analyze and assess the situation of saving production costs, reducing
product costs to increase profits. The basis for making this report is
based on a detailed book of production costs, product costs and cost
production estimation of the work/ work category.

3.3. Conditions for the solution to be taken
3.3.1. For the State and the authorities
The State, particularly the Ministry of Finance, should soon issue
clearer and more specific regulations and documents on the
management accounting system for all types of enterprises ...

19


Besides, similar to financial accounting, the Ministry of
Finance should also organize training courses, widely disseminating
management accounting knowledge to businesses.
-For the Ministry of Construction
+ The construction standards, construction norms, ... used to
calculate the construction cost of the Ministry of Construction should be
assigned to professional construction consulting companies.
+ In bidding, it is necessary to study and set out specific
regulations on bases and methods of bidding price creation, helping
bidders to develop their own strengths in the process of determining bid
prices. .
- For Training organizations: Training types of engineers,
construction price specialists, practicing certificates in the field of
construction
3.3.2. For companies constructing irrigation works in Vietnam
* Awareness of administrators: need to raise awareness and
management skills of managers, to help administrators see the
importance of management accounting in the accounting system.
*

Qualifications

of

management

accounting

staff: The

information provided to the administrator is very important in the
current

dynamic and

competitive economic

economy.

It requires

management accounting to have professional skills as well as
professional ethics to make sure to provide accurate information, not to
leak the information and to have a sense of responsibility to work to
avoid prejudice to the decision of the administrator thereby affecting
business benefits. Therefore, it is essential to improve the professional
competence of accountants and the division of accountant labor.

20

* Application of science and technology: The requirements of
financial accounting in general as well as management accounting in
particular need to be provided with information in a complete, fast,
accurate and timely manner. Therefore, the management accounting
system needs to meet this requirement. Especially in the era of
economic competition today, when information is considered the key to
the success or failure of a business.
* Proposals and solutions for applying target costs to manage
costs in the irrigation construction industry in Vietnam
-Solutions for Contractors
+ The contractor must have a manager who is responsible for the
entire project from identification to operation and completion, and can
manage costs throughout the project.
+ The contractor should consider and identify all project costs
right from the beginning .
+ The contractor should apply value analysis tools to improve
project costs, to ensure that profit targets are achieved.
+ The contractor should set up a multi-tasking team (cross-linked)
and have close coordination with external suppliers to achieve cost
goals.
+ Each part and work item must have a detailed cost plan. The
contractor relies on this to check the compliance of construction costs
from the parts.
-Resolution for Investors : Hire a professional consultant to help
the investor in the planning and preparation stage, and the work of
designers and builders, suppliers makes them early collaborate with
each other to bring convenience to the project. Assign both design and
construction to one contractor
21

SUMMARY OF CHAPTER 3
In order to improve the competitiveness of irrigation construction
companies in Vietnam in the current period, the organization
of production cost and price management accounting is compulsory
task. Based on study characteristics of production and business of the
irrigation construction companies in Vietnam, chapter 3 has shows a
general principles as well as compleing content of production cost and
price management accounting on the following aspects:
- Complete cost identification and cost classification and costing
at irrigation construction companies in Vietnam
- Completing the norm building and cost estimation at the
irrigation construction companies in Vietnam
- Completing the application of target cost method at irrigation
construction companies
- Completing the responsibility and cost accounting organization
- Completing analysis and report of cost information to serve
administration requirements
- Completing the reporting system for managing production costs
and price ....
In order for the production cost and price management accounting
to be organized effectively so that it can meet the requirements, it is
required to perform in certain conditions, the above main solutions to
complete the production cost and price management accounting in
irrigation construction companies in Vietnam.

22


GENERAL CONCLUSION

In

the

study "Completing

the production cost

and

price

management accounting in irrigation construction companies in
Vietnam". The thesis has mentioned the basic issues of cost and price
management accounting according to the following fields:
1. Theoretically: The thesis has

generalized the

content

of accounting of cost management, cost price in construction
enterprises.
2. Factually: The thesis researches and analyzes the real
situation of the production cost and price management accounting in the
construction companies of irrigation works in Vietnam.
Regarding the solution: Based on the theory and current situation
of production cost and price management accounting of irrigation
construction companies in Vietnam combined with the development
strategy of the irrigation construction industry to 2030 and vision to

2045 . The thesis proposes to complete the production cost and price
management accounting in irrigation construction companies in
Vietnam. Since then, the thesis has proposed solutions to improve it to
meet the requirements of business management through the
identification and classification of costs, formulating norms and cost
estimation, the

target

cost

and

price

management

accounting

application, the cost information analysis for the decision of the
business. In addition, the thesis also provides conditions for
implementing the solutions. Particularly, it is necessary to have the
coordination of the State and authorities to improve the production cost
and price management accounting of irrigation construction companies
in Vietnam.

23