PNM Legal and Accounting Services

Presented by Mike Pham

 About us

PNM Consulting Co., Ltd. offer our clients comprehensive legal advisory services
alongside the tax and financial advisory services as well as bookkeeping and accounting
services on an outsourced basis. We focus strongly on small to mid market companies, start
ups and representative offices.
Our mono-stop shop solutions allowing us to give our customers the best service possible
on-site at the most competitive price.

We provide and a designated team of our lawyers and accounting professionals who range
from phD,ACCA/managers to accounts payable/receivable clerks. Fees are quoted on an
monthly basis rather than hourly. Since technology and professional staff costs are spread
across all clients, our approach is usually less costly than an internal solution.
 PNM Legal Service Offerings

We assist clients from all sectors with a broad range of legal services necessary for operating
in Vietnam, including:
Inward investor services
We offer a full range of start-up legal services including initial structuring and regulatory advice;
company, branch or representative office establishment; drafting of joint venture agreements;
assistance with investment certificate applications; and post licensing procedures.
Mergers and acquisitions
We provide comprehensive transaction services to clients, including structuring advice, legal
due diligence investigations, preparation of transaction documentation and other deal support
services.
General corporate and commercial services
We advise on all aspects of general corporate and commercial law including drafting of
contracts/agreements.
 PNM Legal Service Offerings (continued)

Real estate
We advise on the legal and regulatory requirements for operating in the real estate sector,
including sale and acquisition of real estate by foreign invested entities and construction
permits. We help with the review and drafting of land documentation including lease and sale
and purchase agreements.
Employment and human resources
We advise on statutory employment regulations and corporate employment practices. We assist
in the preparation and review of employment contracts, internal labour rules, and codes of
conduct. We also advise on labour disputes.
Banking and financial services
We advise on the legal and regulatory requirements for operating in a developing banking and
financial sector, as well as on other foreign exchange issues including foreign borrowings and
repayments. We also assist in the drafting of loan agreements and security documentation.
 PNM accounting & financial services

•Comprehensive •Great Plains •Diagnostic •Finance Project

Outsourcing Migration Reviews Consulting

PNM takes responsibility
for client’s finance and
accounting activities:
– General ledger
– Management accounting
– Financial reporting –
Monthly close
– Accounts payable
– Billing/accounts receivable –
Payroll
– Fixed assets
– Cash management –
Tax requirements
Monthly financial
statement compilation Leverage
PNM system.
Emphasis on continuous
process improvement Avoid
investment in software and
hardware and technical support
infrastructure
Conversion of financial data
from legacy accounting
systems to be used with PNM
system financial package
Implement required
modules based on client’s
business needs
Determine finance and
accounting resources
needed to maximize
PNM’s system
functionality
Train client personnel on
modules implemented by the
PNM team
Create standard monthly and
specialized reports needed
by client’s management
team
High level process review of key
finance and accounting
functions
Identify issues related to
people, processes and
technologies
Assess key accounting
processes and compare
them with industry best
practices
Develop process maps and
procedures documentation
Identifypotential technology
related solutions
Assess internal controls and key
performance measures
Develop business and
financial models
Client-directed activities and
supervision of PNM personnel
Provide continuity
through temporary
replacement of key
financial personnel
Remote location
assistance
Experienced, “hands-on”
operationalprofessionals to
match finance and accounting
needs
Scalable resources - available
as needed,on demand
Project Management
expertise
Access to specialized
industry expertise and
experience
 Benefits of outsourced accounting
solution
 Reduces operating costs and technology risk
 Frees senior finance executive to focus on strategic financial goals
 Provides timely and accurate financial information driven by users,
but prepared by experts in financial reporting
 Multiple levels of review improve accuracy and internal controls
 Enables immediate implementation of best practice processes and
procedures
 Incorporates a scalable accounting system and technology
platform to accommodate future growth

Custom processes and procedures will be developed as part of set-up phase.
 Accounts Payable
 Code Invoices
 Verify payment authorization
 Verify invoice calculations and terms
 Input invoices in accounts payable
 Produce and distribute payable reports
 Respond to vendor inquiries
 Update approved vendors to master file
 Close accounts payable system
monthly
 Monthly accounts payable aging
 Assist in prioritizing payment of
accounts payable in accordance with
client policies
 Input manual checks/vouchers into
system
 Fixed Assets
 Maintain/update fixed assets
records and reporting .
 Calculate/record depreciation
expense
 Process fixed assets
additions/sales/retirements
 Reconcile sub-ledger to general
ledger
 Account for lease transactions/capital
projects
 Issue fixed asset listing with monthly
financial package
Sample of Outsourcing Services
 General Accounting
 Prepare Use tax filings
 Prepare manual journal entries
 Input journal entries/vouchers
 Complete monthly bank acct
reconciliation(s)
 Maintain the chart of accounts
 Recommend general ledger system
security
 Schedule/coordinate month/year end
closes
 Close/reconcile subsidiary systems to G/L
 Perform balance sheet account
reconciliations
 Produce & distribute trial balance & ledger
reports
 Track expenses against projected budget
costs and account for any variances
 Account for spending related to specific
grant
 Fund Accounting
 Reconcile temporarily and permanently
restricted net assets
 Allocate overhead and indirect costs to
related programs
 Attend monthly board/committee meetings
 General Accounting(cont.)
 Monitor accounting standards
 Coordinate year end audit support and
assist tax preparer
 Support audit fieldwork (prepare year-end
supporting schedules and work papers)
 FinancialReporting
 Prepare/generate/submit agreed
upon monthly financial package
 Assist in reviewing/analyzing financial
results
 Accounting records filing and retention
 Recommend/implement
accounting process improvements
 Assist with Client operations changes
that impact the accounting department
 Manage policies and procedures
documentation process with accounting
 Assist client in building annual budget
model
 Input prepared budget into G/L
package for financial reporting
purposes
 Assist in preparation of external
financial statements and
schedules
 Assist in preparation of external
financial disclosures and analysis
 Assist in preparing Lease Summary
Report
 Sample of Outsourcing Services (continued)
Custom processes and procedures will be developed as part of set-up phase.

- Payroll - Cash Management/Treasury

- Process payroll.  Enter deposits to general ledger
- Summarize timesheets for entry  Transfer cash between accounts
- Process new hire/terminations  Verify and process debt service
as well as maintain employee  Monitor compliance with debt covenants
deductions  Maintain endowment records
- PNM will prepare journal entry for  Make recommendations for investment of
payroll and book them into system cash
- A/R & Cash Receipts  Review investment positions
- Upload invoice summaries by
customer
- Apply cash receipts to appropriate
funding source
- Post cash receipts to GL and Bank
Reconciliation modules to streamline
monthly reconciliation process
 Management team

 Mike Pham
Bachelor of Law from the Law University of HCM city and Bachelor of Accounting and Finance
from HCM city University of Economics .
He has over sixteen years as accountant and chief accountant in both services and manufacture.
And also a Lawyer for a Global Law firm in Hochiminh city.
 Betty Pham
Master of accounting and finance of CFVG.
She is an accounting manager for CFVG
She is based in Sydney/ Australia for phD accounting & finance program.
 Margaret Luu
Bachelor of Business Administration from HCM city University of Economics and Chief accountant
certificate form HCM city University of Economics.
She has over fourteen years in the supply chain industry, with Global 3PL service providers.
Financial analysis for a 5000 staff company specializing in construction materials, real estates.
Costing; supply chain optimization and solution designs for many global companies.
 Tony Luu
Bachelor of Science Degree in civil construction and Business administration from Hochiminh city
Science University and HCM city University of Economics.
 He has over ten years in project investment management and consulting for the big real estate
company.
 Our customers

 Home Casual LLC

US company

 Global Factories BV
Netherland company

 Arla Foods Ingredients

Sweden – Denmark company ( top eight of the world in diary )

 Glass Eggs
Singapore company

 Hay Group
Global company
 Why PNM
SIMPLE - AFFORDABLE - RELIABLE

With us, you will find superior service, experience, and integrity, meeting the needs of your
business. Our commitments to you:
We will save you tax dongs
We will save your time
We will get rid of your paperwork
We are easy to work with
We provide the consistent quality and personal touch that the "big companies" cannot
 Contact us

PNM Consulting Co., Ltd.

Head Office : 22 Lot A4, D1 St., Townhouses 307, Binh Thanh Dist., HCMC., VN.
Liaisons Office 1: Level 17, Gemadept Tower, No.6 Le Thanh Ton St., Dist.1, HCMC, VN.
Liaisons Office 2: Level 3, Suite 308, A zone Condominium, An Phu Residences, Dist.2, HCMC, VN.
Tel: +84 8 38943621
Fax: +84 8 62556801
Website : www.pnm.com.vn (developing)

Mike Pham
Managing Partner
Cell phone: +84 (0) 903889801
E.Mail : mike.phampnm@pnm.com.vn; phampnm@aol.com
Skype : phamnguyenmai

Margaret Luu
Business Development Manager
E.Mail : margaret.luu@pnm.com.vn; luupnm@aol.com
THANK YOU

PNM CONSULTING CO., LTD.