Abstract
The research was conducted to find out about the current situation of management accounting for fixed assets at enterprises of Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin), Vietnam. Data was collected through interviews with directors, chief accountants, fixed-asset accountants, heads of other departments in the surveyed enterprises, auditors, experts in accounting and auditing field. Analytical procedures are employed in this research. The results indicate that the management and use of fixed assets in enterprises of Vinacomin are still inefficient; applying the improper depreciation methods for each type of fixed assets; most enterprises have not yet developed and analyzed the system of indicators to assess investment situation, technical status and efficiency of using fixed assets. Keywords: Management accounting, fixed assets, efficient use, Vinacomin. DOI : 10.7176/JRDM/61-04 Publication date: November 30 th 2019
Highlights
With the development of 4.0 technology revolution, Vinacomin enterprises continue to equip and renew fixed assets to have access to modern technology processes, contributing to the increase in labor productivity, promoting the sustainable prosperities of businesses
76 enterprises of Vinacomin, from 2016 to 2018, in which, qualitative research methods are used to investigate the current situation of accounting management of fixed assets at enterprises of Vinacomin through the combination of data collection methods: Secondary data: We conducted statistical studies of the research related to the article; conducting observations, research of documents on fixed assets, accounting of fixed assets management and other documents in the surveyed units; collecting and analyzing research results of domestic and foreign scientists related to the article, thereby determining the content of fixed asset management accounting
Collecting, processing, analyzing and providing information as a basis for making decisions on fixed asset investment in enterprises of Vinacomin * Collecting fixed asset information According to the interview results, Vinacomin enterprises collect information on fixed assets including performance information and future information
Summary
With the development of 4.0 technology revolution, Vinacomin enterprises continue to equip and renew fixed assets to have access to modern technology processes, contributing to the increase in labor productivity, promoting the sustainable prosperities of businesses. Assessing the effectiveness of fixed asset investment: Information about fixed assets provided by internal departments will be the basis for summarizing, analyzing and making a new fixed asset investment plan or make plans and cost estimates for repairing, renovating and upgrading fixed assets in accordance with the financial capacity, ensuring the rationality in production and business activities of the enterprise. This is the predictive information for future investment in fixed assets procurement and prospects for use of fixed assets. The interview content revolves around the actual situation, the advantages and limitations of the current situation of accounting and management of fixed assets of Vinacomin enterprises
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