Bài giảng Bài tập cá nhân mẫu môn KTQT tiếng Anh

INTERNATIONAL MASTER OF BUSINESS PROGRAMME
Website: www.griggs.edu.vn Email:
Subject: ACCT620 Financial Accounting
Class: GaMBA01.C02
Student name: Truong Minh Chien, ID # 113408
Final Individual Assessment
TOPIC: PERFORMENT OF BUDGET ESTIMATES
STATEMENT
INTRODUCTION
1 – Background :
Accounting is defined as the measurement of information systems, process and provide useful
information for making executive decisions on production and business activities of enterprises.
In which management accounting (according to standard circular No. 55/2002 dated 26/6/2002 of the
Prime Minister and the supplementary circular No. 5 / 2007 June 25, 2007 and Circular No. 3 / 2008
January 25, 2008) offer all the economic information was measurement process and provide
leadership to business operations business. In other words, management accounting helps business
leaders to consider and decide on one plan has the highest economic efficiency: to produce the
product, how the production and sale of product that way, what price, how to effectively use resources
and develop production capabilities. These include two types of decisions:
Short-term decisions: The decision to support to solve of the business problems in the short-term
period.
Long-term decision: This resolutions help enterprise resolve tasks economically long-term
investment strategic planning as: In which case purchase replacement resolution enterprise adds plant
machineries or business scope accretion exec.
2 - Purpose
Applying the theory of management accounting to solve exercises TL4.3 and BT 4.4. Since then draw
the lessons of experience and practical help for the operation of Son Trang Ly Ltd company.
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3 - Progress

This report is realized bases upon below steps:
i. Understand and gather information
ii. Calculate and performed budget estimates statement
iii. Conclusion
PERFORMENT OF BUDGET ESTIMATE
Topic TL 4.3 : Sam is the head of marketing at Anh Duong Factory, which specialized in producing
all kinds of table and decorative lamps. Sam’s department is part of the estimation sell all kinds
of lighting companies. Sam asked the employees "under the New Year sales have increased
12% plan on all fresh products." These estimates will be affected by plans to increase sales?
Solve.
In this case, Sam is the director of marketing at Anh Duong factory and direct sale of all goods is the
company's lamps. Therefore, these estimates will affect plans to increase sales by as :
i. Consumption Estimates
ii. Administrative wages and sales cost
iii. Income estimates statement
iv. Balance Estimates Statement
v. Cash-flow estimates statement
Figure 1 Circular No. 3 / 2008 January 25, 2008 of Prime Minister and
the estimation system standard VAS 29 Vietnam
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INTERNATIONAL MASTER OF BUSINESS PROGRAMME
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Assignment BT 4.4 : Light Company specializes in manufacturing mid-autumn lantern. Chlorophyll
lanterns were sold in September every year. There is a part of the estimated sales figures year
following the company's 20x1:
July August September October
7.500 17.500 25.000 5.000
Company made every month inventory level is 10% of sales in the next month. Total inventories in
June was 750 units. Each product needs to 0:02 hours of direct labor, salary is 20,000 VND per hour.
Let's estimate of direct labor for 3

rd
quarter years 20x1, which reflect the direct labor hours and direct
labor costs per month and the entire third quarter.
Solve.
Because inventory is 750 units in June and expected the stock inventory is 10% per month, because
things have

:
Inventory Forecast
June July August September Third Quarter
Total products
Standard Real Stadard Real Standard Real Standard Real
750 7500 6750 17500 16750 25000 23250 50000 46750
According from above forecast, we can make the direct labor estimate of Ruc Ro Ltd. Company as:
Ruc Ro Ltd. Company
Direct Labor Cost Estimates
For third quarter ended on September 30, 20x1
Month
3
rd
Quarter
7 8 9
Total estimates manufacturing overhead (units)
Direct labor hour per unit (hours)
Total estimates direct labor hours (hours)
Direct labor cost per unit ($)
Total estimates direct labor cost ($)
6,750
0.02
135

20,000
2,700,000
16,750
0.02
335
20,000
6,700,000
23,250
0.02
465
20,000
9,300,000
46,750
0.02
935
20,000
18,700,000
Forecasting Ruc Ro company will have 2,500 units inventory at the end of 3
rd
Quarter September 30, 20x1
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INTERNATIONAL MASTER OF BUSINESS PROGRAMME
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CONCLUSION
Finally, through the exercises TL BT 4.3 and 4.4 above, I have a better understanding of management
accounting reports of accountant Mrs. Chau of SonTrang Ly Ltd. company. In fact, so far we always
make budget estimates and estimates of labor's full by year. But as an IT company, so we just
estimating when you get orders. Through lesson Economic Management Course, I have a better
understanding of the management accounting and would encourage quarterly estimates in the quarter
although the company did not receive the order. This can help us reduce risks in business and also

better management of financial companies.
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INTERNATIONAL MASTER OF BUSINESS PROGRAMME
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REFERENCE
TEXTBOOK:
1. Lecture notes and articles of ACCT620 Financial Accounting course(Griggs University)
2. Jerry J. Weygandt & Donald E. Kiesi & Paul D. Kimmel, “Financial Accounting”, 5
th
edition,
Wiley & Son, 2006, ISBN : 0-471-72605-2.
3. Financial Bureau of Vietnam, “Manual of Accounting For Director and Accounting Manager
In Enterprise”, Lao Dong – Xa Hoi, 2009, ISBN: 89-35206-50099-8.
INFORMATION RESOURCE:
4. Ho Chi Minh Stock Exchange Center
5. Chula bookstore of Thailand Kingdom
6. Phuong Nam Bookstore of Vietnam (PNC group)
OTHER IMPORTANCE ARTICLES:
7. Website: />
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