Development of Expense, Payroll and Production Cost Accounting Systems: Thai Habel Industrial Co.,Ltd.

Abstract

The purposes of this research were; to study the expense, payroll, production cost accounting systems, Thai Habel Industrial Co.,Ltd.; to study the effective expense, payroll and production cost accounting systems; to develop the effective expense, payroll and production cost accounting systems of Thai Habel Industrial Co.,Ltd. Conceptual framework was based an accounting system design theory and Committee of Sponsoring Organizations of the Tread way Committee Internal Control (COSO IC). Purposive sampling technique was applied to select 28 employees involving in accounting tasks and using financial report of Thai Habel Industrial Co., Ltd. to answer self-reported questionnaire. Data was analyzed by content analysis. Research findings revealed that; Thai Habel Industrial Co., Ltd. Expense, payroll and production cost accounting system were not as efficient as they should be.; Efficient accounting system requires good internal control system appropriate to the business and structure of the organization.; Developed the efficient expense, payroll and production cost accounting systems suited with Thai Habel Industrial Co., Ltd.