Developing guidelines for accounting and taxation operations in revenue recognition: A case study of a transportation and moving service business in Chonburi province.

Abstract

            The objectives of this research are 1.to study accounting and taxation operations in recognizing revenue of a business case study and 2.to develop guidelines for accounting and taxation work in recognizing revenue of a business case study. This research is qualitative research. Data were collected using semi-structured interviews with 7 key informants, consisting of 1 company director, 1 purchasing employee, 1 accounting and finance employee, 1 sales employee, and 3 drivers. Typological analysis was used for data analysis by classifying the data according to accounting activities. The results of the research found that in the revenue recognition of transportation companies and moving things, there was no record of employment orders, no credit limit verification, no summary sales report, and no prepared document form. In terms of the relevant tax operations of the case study company, it was found that there were problems in calculating corporate tax due to incomplete accounting reports. Because of there is no accounting document regarding operations in various accounting activities. Thus, the calculation of corporate tax does not comply with the law. The results of the research led to the development of guidelines for accounting and taxation work by developing a document system for every activity to have an efficient document internal control system for operating appropriately with the business. Reduce errors in accounting and related taxation operations.