Good morning, Ladies and Gentlemen. My name is Sumol Tangchatthong.
I have been working in the General Administration Division for 22 years.
My responsibility is Accounting & Finance Function.
First of all, I would like to thank all of you to give me a chance to have a presentation today.
The topic is “The Innovation I Could Make to Improve My Performance or My Team Performance”
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Let’s see the agenda that I would like to introduce to you as follows;
- The First is My Assignments in Accounting & Finance Department.
- The Second is what is the innovation in my performance and my team performance?
- And the last one is “How to improve My Team Performance?
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So, let’s start with my assignments in Accounting & Finance Dept.
I joined the NEC since 1 June 1993, (of total 22 Years)
Certificate: Sign of Financial Statement
My main responsibilities are 1) Accounting 2) Finance and 3) Taxation.
1) Role of accounting,
** Diva System: I am responsible for consolidate report in Diva System to submit to NEC Corporation monthly.
** Reconcile AR/AP for all inter-companies by quarterly,
** J-Sox, I am responsible for evaluating of entity level, internal control and financial report process twice a year.
My next role is Finance
I’m preparing timely payments to all vendors and expenses to all employees along with maintain good condition cash flow by monitoring cash flow status daily, weekly and monthly. This could make company run smoothly.
The third role is Taxation auditing. I am in charge of internal audit for all tax transactions, preparing corporate income tax and mid-year tax to submit to revenue department correctly. I also have monthly monitoring on withholding tax reports and make sure all transactions are accurate. This could save company from unnecessary penalty.
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What is the innovation I could make to improve my performance or my team performance?
As you know, AEC shell be the goal of regional economic integration by 2015.
Thailand will be part of AEC. NEC –Thai is going to expand business to neighbor countries such as Lao, Myanmar, Cambodia & Vietnam, etc.
Therefore, the accountant must have the capability of learning in international standards. Such as Accounting Standard, (TFRS, IFRS) , New Tax regulations, Rulings.
Innovation of accounting is new tax regulations and rules. I will focus on withholding tax for surrounding country and Transfer pricing.
Taxation comes to be an important topic of business expansion whatever Value added tax, withholding tax for service and software license etc.. Each country has double taxation of each country involved.
Transfer pricing is price set between related contracting parties for good or services which may deviate from the market price.
One of my strategy to support our company is enhance tax compliance. We can’t ignore tax,we must accept and follow tax regulation to avoid reputation risk and penalty
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How to increase the efficiency of my work and my team work?
New Tax regulation of Transfer pricing
-Announce to concerned person for same understanding
-Prepare document related in determining in the transfer price.
-Providing an information center or knowledge sharing center that accessible for self learning.
-Providing a more convenient and easily access data for all staff enable them to reduce rework and can work faster, more accuracy as well as more efficiency.
Internally, I also manage my team by educating them on their direct responsibility such as tax rule and regulation, new law, AEC related knowledge. In addition, they will be assigned to learn on each other skill, so that; our department will not have problems during the shortage to resource.
I am confident that my knowledge with 22-years working experiences in Accounting and Finance can help company achievement.
To sum up what I’ve talked is What are the innovation I could make to improve work performance of myself and my team?” And now, if anyone has any question, please feel free to ask.