 The role of Management Accounting

Efficient Planning

Increasing Efficiency to Business Operations

Efficient Control

Increase Labor Efficiency

Achieve Management Efficiency

Help Management Function

Communicating

 The role of Technology

Enhanced forecasting

Decision Making

Cost Reduction

Revenue Optimization

 Evolution of Finance Business Partnership

Reporter: Managing Cost, Forecast

Controller: Focus on Controls/Risks, Historical Analysis, Accuracy and Consistency

Analyzer: Financial Modeling, Stakeholder Management, Process

Influencer: Relationship and Building Trust, Participate Business Decisions

Strategic Partner: Focus on Value, Creation and growth

 Budgeting – Planning cycle in a cycle

-Planning how to spend

-Budgeting where to spend

-Reporting the results

Jan-Mar: forecasting Q1

Apr-Jun: forecasting Q2

Jul-Sep: forecasting Q3, budget guidance and submission

Oct-Dec: forecasting Q4, finalize and approved budget

+Dec: target KPI, performance evaluation

 Fun Fact: about Vinfast (shared in hands-on)

Ms Nhung said that Vinfast's management accountants have difficulty calculating the break-even
point. This is a challenging task for other companies, but with CEO Phạm Nhật Vượng, he always has
a different perspective and strategy. As seen in the results, Vinfast has had success not only
domestically but also abroad. In short, accounting administrators only provide statistics or
predictions, contributing to the CEO's decisions, the rest depends on the CEO. A highly profitable
company always has talented CEO.