34
ASSET ACCOUNTING INTHE CONSTRUCTION ENTERPRISES
INTHE TRENDOF THE INDUSTRIAL REVOLUTION4.0
DO THI THU HANG, PhD.
- Thainguyen University of Economics and Business Administration*
Fixed assets in construction enterprises play an important role and directly affect the labour productivity
and the quality of construction products. Especially in the industrial revolution 4.0, fixed assets in the
construction are constantly innovating and modernizing. Therefore, fixed assets management has
been increasingly enhanced. This paper, refers to a fixed assets management tool that uses fixed assets
management accounting, at the same time, carries out the building of content of asset management
accounting with the aim that it will provide useful information for managers to use and manage fixed
assets effectively in the trend of the industrial revolution 4.0.
Keywords:
Fixed assets accounting; fixed assets management accounting; construction enterprises, industry 4.0
Received: December 17
th
, 2017
Revised: January 19
th
, 2018
Accepted for publication: January 25
th
, 2018
Introduction
Construction is an important sector and has
contributed greatly to the development of the
national economy. The construction industry
aims to ensure and continuously improve the
production capacity and capacity to serve sectors
and fields of the national economy. All other
economic sectors can only be developed thank to
the construction industry.
Along with the development of social
production and the rapid advancement of
science and technology, remarkably in the
revolution 4.0, fixed assets, which are in the
national economy and enterprises in general, in
construction firm in particular, are constantly
innovated, modernized and increased rapidly,
contributing significantly to the management of
improving labour productivity and quality of
construction products. However, to ensure the
appropriateness between the investment cost and
the revenue from the acquisition, the replacement
of fixed assets requires enterprises to have a
reasonable plans of asset procurement and the
use of effective management tool which help
managers to control fixed assets, improve labour
productivity, enhance the quality of constructions
and increase the competitiveness of construction
firms in today’s competitive global environment,
in line with the industrial revolution 4.0, it is the
use of fixed assets management accounting in
fixed asset management.
Industrial revolution 4.0 is the current trend in
automation and data exchange in manufacturing
technology. It includes cyber-physical systems, the
internet of things, cloud computing and cognitive
computing. The industrial revolution has affected
many areas including the construction sector.
In this revolution, if enterprises, in general, and
construction firms, in particular, do not catch up
with the pace of development of the world and the
region, these enterprises will face the challenges
of being lagged behind, declining of production
and business.
Management accounting is considered one of
the most effective management tools under the
conditions of a competitive market economy
because of the flexibility, usefulness and
timeliness of accounting information serving
internal management purposes.
On the other hand, management accounting in
Vietnam has only been acknowledged in recent
years.TheMinistryofFinancehasissuedguidelines
to help enterprises apply management accounting
in units but there is no specific guideline for each
sector. Therefore, in order for the construction
enterprise to apply management accounting in
general and fixed assets management accounting
in particular, it is still a bit confused at present.
Therefore, the development of fixed asset
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