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Tài liệu Báo cáo thực tập tiếng anh internship companyinstitution pvcombank

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VIETNAM NATIONAL UNIVERSITY, HANOI INTERNATIONAL SCHOOL *** GRADUATE INTERNSHIP REPORT INTERNSHIP COMPANY/INSTITUTION: PVcomBank Address: 22 Ngo Quyen Street, Hoan Kiem District, Hanoi. Supervisor: Mr Pham Duc Cuong Student’s full name: Le Ngoc Dung Student’s ID: 11071225 Major: International Business Class: IB2012B Hanoi, 10 March,2016 2 ACKNOWLEDGEMENTS The Graduation Internship Report is an important part in my five-year course at university. In the implementation of my report, I have received a lot of kind assistance and professional support from many people who helped me accomplish this study. It is a pleasure to convey my deepest gratitude to them. First of all, I would like to express my deepest thank to the leadership of PVcomBANK and staff of the faculties who have wholeheartedly created good conditions for me to have a professional internship position. Without their help, I could not have become I am today. Especially, I would like to thank all members in Vietnam Mass Joint Stock Commercial Bank - PVcomBank as well as coworkers in all departments who have completely supported me during my internship time at the company . Secondly, I would like to send my deep and sincere gratitude to Mr. Pham Duc Cuong – my advisor for his wide knowledge, valuable supervision, heartfelt guidance and enthusiasm that provided a good basis for the report. He is the person who made clear my confusion of initial ideas, step by step guiding me during my writing the report. I own him a debt of gratitude that cannot be measured. Thirdly, I should also express my thanks to my family and my friends for their support, encouragement and patience during the implementation period of this internship report. Although I have made careful researches about the topic, mistakes may appear here and there through this report. Therefore, I am looking forward to receiving comments from all my teachers and friends. I sincerely thank you! Hanoi, March 10, 2016 Student Le Ngoc Dung 3 TABLE OF CONTENT. CHAPTER 1: The overview of pvcombank 1.1. Establishment History 1.2. Functions, tasks and organizational structure 1.3. The structure of the management apparatus of the Vietnam Mass Joint Stock Commercial Bank 1.4. Operation Resulf in period of 2013 -2015 CHAPTER 2: Business Production Operation Of Pvcombank 2.1. Overview of business production operations 2.2. In-depth analysis: organization of accounting in pvcombank 2.3. Reality review accounting organizations working in stock commercial bank public vietnam CHAPTER 3: Details of internship 3.1 Ojectives 3.2. Practical Skills CHAP 4: Achivements 4.1. Theoretical knowledge 4.2. Practical experiences 4.3. Contributions 4.4. Assumptions and Solving methods in future 4 CHAPTER 1: THE OVERVIEW OF PVCOMBANK 1.1. Establishment History  Being established under Decision No. 279 / GP-NHNN dated 09/16/2013 of the State Bank of Vietnam on the basis of consolidated Financial Corporation Shares Petro Vietnam (PVFC) and Joint Stock Commercial Bank for the West (Western Bank - WTB).  Vietnam Petroleum Finance corporation has precursor of Petroleum Finance Company - is a member of 100% state capital of the National Oil and Gas Group of Vietnam.  PVC officially put into operation in the form of company shares from March 18, 2008.  PVcomBank has total assets reached nearly 100,000 billions VND, 108 outlets in the major cities across the country, high- quality human resources, diverse products and services. 5  Company's name: • Vietnamese Full name: Vietnam Mass Joint Stock Commercial Bank • The name in English: Vietnam Public Bank • Short name: PVcomBank  Address: 22 Ngo Quyen - Hoan Kiem - Hanoi  Phone: (04) .3.9.426.800  Fax: (04) .3.9.426.796 - (04) .3.9.426.797  Primary services: • Mobilizing and receiving short term, medium term and long term from organizations and individual. • Carrying out foreign currency transactions; services, international trade financing; discount commercial paper, bonds... • Providing payment services and other banking services allowed by the State Bank... 1.2. Functions, tasks and organizational structure 1.2.1 Functions and duties of VietNam Mass Commercial Joint Stock Bank  Mobilizing capital: • Receive term deposits, term deposits, savings deposits and other deposits; • Issuance of certificates of deposit, bonds, treasury bills and bonds to raise funds in the country and abroad; • Borrowings from banks, financial institutions in the country and abroad in accordance with law and the guidance of the State Bank of Vietnam.  Opening an account: • Open an account at the State Bank and maintain deposit accounts in the average balance not less than the reserve requirement; • Opening accounts at other credit payments; 6 • Opening of deposit accounts, payment accounts abroad under the provisions of law on foreign exchange; • Opening accounts for customer payments; • Providing the means of payment; • Organizing and participating in payment systems • Providing payment services: Perform domestic payment services including checks, payment orders, authorizations, collections, entrusted with the collection, letters of credit, bank cards, collection services and payment ; • Implementing of the international payment services.  Providing credit in the forms: • Loan; • Discounting, re-discounting of negotiable instruments and other valuable papers; • Bank guarantee; • Guarantees domestic payment, international factoring.  Investing and advicing: • Contribution of capital to purchase shares under the provisions of law and the guidance of the State Bank of Vietnam; • Corporate Finance Advisory, consulting purchase, consolidation, merger and investment advice; • Buying and selling government bonds, corporate bonds. 1.2.2. Characteristics of customers: Customers have a great influence on the quality of service that is the success factor for business operations of PVcomBank. Customers are classified as follows: • Large Business Customers: as the Corporate Banking revenue of the preceding year on 50 million. 7 • Client Enterprise is the small and medium enterprise with the preceding year revenue from 01 to 50 million. • Personal Banking: as individuals, individual business households, micro enterprises had revenue of the preceding year less than 01 million. • Financial Institutions: as financial intermediaries, including credit institutions, securities companies, insurance companies, fund management companies, investment funds and other forms prescribed by law. • Organization of public finance: as the agencies, units, organizations under Government / non-governmental domestic and international implementation of public finance activities. 1.3. The structure of the management apparatus of the Vietnam Mass Joint Stock Commercial Bank 8  Leadership is responsible for the daily operations of PVcomBank. Leadership includes General Director and Deputy General Director and Director of the blocks.  Head of Business Development department includes 7 parts business serves directly at the head.  Business Support Group - Management Division: work and application of information technology; training in order to constantly improve the quality of personnel; market development activities to consider offering new products, 9 competition in the financial markets; Develop a financial plan, synthetic records data on accounting, settlement and reporting.  The branch and the member division: including 108 outlets concentrated in the North, Central, South and 4 member companies. 1.4 operation result in period of 2013 -2015 On investment, the balance of investment securities and long-term investment capital contribution increased 10 689 billion in 2014 compared to 2013, mainly due to bond investors and investment state bank bills. The portfolio structure is then consolidated banks continue to implement and achieve the transfer value of 934 billion shares worth investment projects. PVcomBank has drastically restructured asset portfolio, particularly the portfolio through the sale of a large stake, payback ... to the accounting balance sheet and healthy. Figure 1.4: Business operation result in 2013 – 2015 of PVcomBank No. Criteria 1 Total assets 101,124,283,703 97,542,194,809 97,624,127,284 2 Total equity 9,555,807,886 9,693,981,496 9,453,996,121 3 Total debt 98,997,675 98,092,737 88,935,714 4 total deposit 102,983,114 101,911,737 98,779,340 5 Total loans 47,755,275,389 46,464,077,92 41,614,718,862 6 Profit before -33,659,621 162,232,686 140,664,873 tax 2013 2014 2015 10 7 Bad debt 1,279,223,542 1,439,564,887 1,190,552,414 8 Stock 14,258,831,994 25,884,397,436 23,667,229,56 9 investment Revenue 1,636,154,169 6,904,576,117 5,787,399,232 10 Number of 2289 2750 2815 labor  Revenue: In 2013, total revenue was 1,637 billions VND and it increases fast and strong to 6,904 billions VND in 2014, the reason is that the bank has clear investment strategy focusing on developing different sectors, competitive advantages and good profitability.  Debt: the number of debt in PvcomBank still maintains at approximately 99 millions VND, it means that the bank always balances every business sector, does not exceed the permitted level.  Bank assets totaled approximately 100 trillion, profits exceeded 5% compared to shareholders proposed plan, the adequacy ratio were achieved under the provisions and bad debt is controlled in accordance with the restructuring schedule. Chapter 2: Business production operation of PVcomBank 2.1. Overview of business production operations 2.1.1. Mission and strategy  Implementing the development strategy of the Bank in accordance with the plan;  Continuing to improve information technology systems; system stable, healthy development of the Bank, sustainable, better control of risk; promoting deposit mobilization; 11  Controling credit growth driven by the SBV; strengthen capital operation arrangements; focus on training and development of high quality human resources;  Building the image of a bank close, friendly, motivated because of the success of customers. 2.1.2. Business production operations  Marketing: PVcomBank has invested and deployed T24 core banking system and large key projects in the process of modernizing the information technology base period 2013-2015. The Bank has operated safely, stable information technology system, responsive to business requirements, support and development of products and services, continue to improve the enhanced stability and improved infrastructure information technology available to create a platform to develop new products, improve the quality of customer service.  Expanding and developing the network: PVcombank has launched a series of new branches in the provinces of Thai Binh, Nghe An, Quang Ninh, Khanh Hoa, Dong Thap, Long An, Tay Ninh, HCM ..,bringing the number of transaction points to 110 points in the bank PVCOM with 28 major provinces of the country. Besides, the bank carried out the relocation, optimize network operations, and complete infrastructure upgrade for many branches across the system. It was a bright spot in a year, contributing to the strength of the bank in raising competitiveness in the acceleration phase of development.  Human resources: With over 2,000 employees, the bank has issued PVCOM wage policy, to ensure internal equity and competitive with market salaries ground, regular 12 inspection and recruit people with expertise. Remuneration for workers is concerned, guaranteed. The training, improve the quality of human resources are focused, the arts and cultural activities and sports are well maintained, creating a friendly working environment, solidarity.  Investment: Promoting investment banks government bonds to ensure liquidity and reserve adequacy ratio, always keep abreast of market developments in order to transfer some of the shares profitability to good liquidity, reducing the cost of capital by structuring the investments do not meet profit expectations.  Services: PVcombank promote activities card services, electronic banking, investment and perfect technology support system for business cards. Arrange funding for the project of Vietnam Oil and Gas Corporation, actively seeking partnerships and new projects. Improve and develop services that meet customer needs.  Business management: PVcombank has considered the role of accounting in business management. The application of the system of accounting vouchers, accounting account system, the system of accounting books and financial reporting system approved under the accounting system of credit institutions. When there is a change, additional accounting system written circulars guidance, PVcomBank are updated and applied in a timely manner. 2.2. In-depth analysis: organization of accounting in pvcombank 2.2.1 The organization of the accounting In PVcomBank, Finance and Accounting Division are under the supervision and management directly by the Director General. Division was formed on the basis of 13 combining the two Board of Planning and Accounting: Accounting Committee and Planning Committee for a total of over 75 staff across the system, including:  Head of: 01 comrade.  Vice block: 02 comrades (01 Deputy in charge of planning blocks and Chief Accountant in charge of accounting).  Parts of the plan: 29 officers.  Accounting Division headquarters: 35 personnel.  Parts of southern accounting: 11 officials.  An accountant number on the system is located at the branch. 14 Models accounting apparatus: FINANCIAL ACCOUNTING DEPARTMENT Planning department Customer department manageme nt and basic constructio n department management and investment department budget and norms department equipment investment & managemen t equipment investment & management Asset management & Debt department accounting balance sheet department General accounting department Internal accouting department reporting under law department business accounting department capitalizati on policies department manageme nt reporting departmen t budget accounting department economic research department further tests departmen t ALCO supporting department accounting policies supporting department 15 Duties of each position:  Director: Response for the overall job Finance and Accounting Division.  Deputy Director in charge of Planning: As the person responsible before Chief for all operations of the array business plan.  Chief Accountant is the person who is responsible to advise and recommend to the Head / Executive Board on implementation of prescribed rotation, controling, collecting documents; the timeliness, completeness and truthfulness of the data on the report and has the responsibility to guide the prevention and operational departments, relevant personnel implementing this provision in the unit. • Internal Accounting Department - Head Office • Budget and Accounting Division - Implementation of accounting and control of operational revenues and expenditures for management activities arising at the Headquarters; - Accounting management tracking fixed assets, working tools, assets outsourced; - Making a payment / advance and monitor internal debt at the office; - Accounting, monitoring and advising the leaders of the Bank relating to fund distribution of wages, bonus, benefits, union funds; - Accounting and tax charge related to the procedures of taxation, accounting controls, tax declarations; - Controlling costs paid under the approved budget; periodic evaluation report on the implementation of the budget system; - Participating in the formulation of annual costs; - Focaling construction budget for the Bank, the division, the units throughout the system. - Providing data implementation of the Bank budget, the Bloc and the branches in the whole system to the Department of Planning & Management job results to evaluate the budget plan; 16 - Participating in drafting and settlement construction works, to make payments under the capital construction plan approved and properly regulated; - Participating in bid evaluation when the Bank launched a tender related to the procurement of equipment and assets; - Leading in coordinating supply data (value) for the liquidation, transfer and inventory of assets as prescribed; - Cooperating in the control of cash funds or irregular; - Managing and storage of accounting documents related budgetary payments incurred at Headquarters; - Performing other duties assigned by the leadership of the Bank.  Accounting business operations division: • Accounting general accounting modules (GL) at Head-related transactions: credit; invest; Interbank; foreign currency trading, prevention, collection ... but not on the software automates core; • Compare the data between records - accounting and revenue - costs to business units as prescribed; • Coordinate Reference payment deposit balances at credit institutions and debt comparison with the customer; • Close, save documents as prescribed; • Control; guide units in the accounting system of business operations; • Coordinate construction guidelines accounting work; • Perform other duties assigned by the leadership of the Bank.  General Accounting Department - Head Office: • Prepare, send, store accounting reports and provides information to accounting data: • Prepare and submit statistical reports; • Prepare and submit financial statements of the Bank as stipulated by the State and the Bank; 17 • Prepare and submit reports capital adequacy ratio minimum solvency ratio, the ratio of short-term deposits for long-term loans; • Prepare and submit loan classification report; • Prepare reports and required reserves; Full deposit insurance for banks; • Prepare reports the information service of the consolidated statements of PVN; • Coordinate implementation report which representatives of PVN; • Perform other reports as required;  Accounting policies division: • Building a system of accounting accounts; parameter setting of accounting in the program, application software in the Bank; • Constructing documents and guidance mode implemented: - Based on the provisions of the accounting law, accounting standards and policies and accounting regulations of the State, implementation of construction, the Board issued the documents, regulations, rules and regulations business process of applying the accounting work in the system. - Direct and guide units in the banking system implementation of policies and regimes, regulations and procedures of accounting work; Resolving problems related to accounting work for the member units. - Proposal, consulted on the mechanisms, policies, regimes and issues concerning accounting work with the State Bank and regulatory bodies in other countries. - Lead in managing and guiding the use of sample prints, vouchers in the banking system. • The inspection, supervision, management accounting system: Checking and supervising the implementation of the policies and regimes, regulations and procedures of accounting work at the units in the banking system . 18 • Participation in the work of scientific research on the work of accounting and technology applications in the accounting operations. • Performent other duties assigned by the leadership of the Bank.  Management report division: • Integrated Revenue - Cost - Profit of the units in the entire system under management needs of each period: by geography; by function; by product; • Implementation of management reporting date; straight; precious; year or upon the request of leaders of the Bank; • Analysis and assessment of the business results of operations; blocks; Branch periodically; • Controling the daily data of the branches and the whole system; • Performing other duties assigned by the leadership of the Bank.  Post review division: • To guide and coordinate the construction of the units, organizations post audits documents daily. • To control completeness of the documentation of all transactions to ensure compliance with the internal regulations of the Bank and in accordance with the regulations of the State Bank of Vietnam; • To control the flow of documents and receipts of archive documents is guaranteed safe storage, full; • To integrat assessment and reporting on the post-test results and provide consolidated reports results monthly post-inspection documents sent to the Chief Accountant, and Bloc Leader Bank Board of Directors; • To perform other duties assigned by the Bank Leadership. 2.2.2. Organizations applying accounting voucher system 2.2.2.1. Establish original vouchers Original documents are considered as original documents. Accounting based on original documents, can be bill, the payment profile, ex- 19 warehousing and warehousing collateral, statements, remittance proposal of business departments to accounting. Accountant accounting bills, the documents reflect the economic and financial transactions arising have been recorded in accounting books. Accountants must perform checks the validity and legality of the documents and economic transactions with the regime before making entering data into your computer. Documents used in accounting at PVcomBank are valuable papers to legally conduct transactions up to the stage from the formulation and storage controls, organizations must ensure proper preservation mode.  Accounting vouchers include: • Cash Vouchers: receipts, payment bills, checks, paper deposit, withdrawal, remittance bills, paper money field, ... • Vouchers transfer: payment order, collection, checks, letters of credit, a written request to transfer money .. • A list of categories: a declaration of checks, interest lists, lists of currency fields, lists the types of deposits ... • Money order used in electronic funds transfer, foreign currency requirements. • The accounting documents and vouchers assets off balance sheet (assets bill, import bill of assets). 2.2.2.2. Control documents Each warrant accounting is tested and must be approved before being added to the system. Once updated, any error detection can not be deleted, if you want to edit to make adjustments. In organizations voucher system and the original records, control procedures are carried out as follows: First, control approval for the business operations of the Bank: has complied with the implementation of accounting documents approved under 20 the accounting regulations by the Ministry of Finance and the State Bank issued and internal regulations or not. Namely the ratification documents like receipts and payment vouchers, the request for transfer, submission, interest coupon, credit contracts, debentures, loan proposal, debt rescheduling proposal. This approval is required for each specific business, such as customer demand for loans, the loan must be recommended by customers, contracts or loan contracts of deposit and credit department must leader's approval before carrying out such operations. The ratification process is done through vouchers 3 levels: From the business unit level to the control department and Deputy Director / Director of Business Unit Head or authorized. Second, control of accounting documents is carried out in two steps: Step 1 is the original control: Made by the internal accounting department, control content, including original documents attached are complete and valid or not, the economic contents of vouchers, voucher name; dates, numbers and vouchers; names and addresses of the parties concerned; monetary value, the content recorded on the voucher, the customer's account, citad code and account number of the customer; signature of the units making documents, accounting entries or less true nature ... Step 2 is controlled back: After accounting and control initially, vouchers will be sent to the Centre for funds transfer payment (if exceeding the limit of the approved centers, the need to transfer payments to the Board of Director responsible for approval, transfers).  The Finance and Accounting Division PVcomBank only cash transactions by bank transfer, all cash transactions made in the trading rooms of PVcomBank. The flow of bank's accounting records was partly to ensure the following principles:
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