Development of Income, Property, Plant and Equipment and Production Process Accounting Systems: Thai Habel Industrial Co., Ltd.

Abstract

The purposes of this research were: ; to study the income, property, plant and equipment and production process accounting systems, Thai Habel Industrial Co., Ltd. ; to study the effective income, property, plant and equipment and production process accounting systems, ; to develop the effective income, property, plant and equipment and production process accounting systems of Thai Habel Industrial Co., Ltd. Conceptual framework was based an accounting system design theory and Committee of Sponsoring Organizations of the Treadway Committee Internal Control (COSO IC). Purposive sampling technique was applied to select 36 employees involving in accounting tasks and using financial report of Thai Habel Industrial Co., Ltd. to answer self-reported questionnaire. Data was analysed by content analysis. Research findings revealed that: 1) Thai Habel Industrial Co., Ltd., income, property, plant and equipment and production process accounting systems were not as efficient as they should be 2) efficient accounting system requires good internal control system appropriate to the business and structure of the organization 3) developed the efficient income, property, plant and equipment and production process accounting systems suited with Thai Habel Industrial Co., Ltd.