Decision No. 1141/TC-QĐ-CĐKT On the issuance of accounting regulations for enterprises

Pursuant to …;

Regarding the issuance of accounting regulations for enterprises

________________

THE MINISTER OF FINANCE

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;

Pursuant to the Government Decree No. 178/CP dated October 28, 1994, stipulating the functions, tasks, and organizational structure of the Ministry of Finance.

Pursuant to the Accounting and Statistics Ordinance promulgated by the State Council's Decree No. 06-LCT/HĐN dated May 20, 1988, and the Regulation on the Organization of State Accounting issued by the Council of Ministers' Decree No. 25-HĐBT dated March 18, 1989 (now the Government).

Based on the opinion of the Prime Minister (as stated in the Office of the Government's letter No. 5762-KTTH dated October 11, 1995).

To meet the requirements of economic and financial management reform, and to strengthen accounting operations at all enterprises.

Pursuant to …;:

Article 1. Now hereby issuing the Accounting Regulations for Enterprises applicable to all enterprises across all sectors and economic components. The Accounting Regulations for Enterprises include:

1- The system of accounting accounts and explanations of their contents, structures, and recording methods.

2- The system of financial reports and provisions regarding the contents and methods of preparing financial reports.

3- The ledger system.

4- The accounting voucher system for enterprises.

Article 2. All General Corporations shall, based on the Accounting Regulations for Enterprises, conduct research, specify, and develop their own accounting systems and detailed provisions on content and application methods suitable for their business characteristics, management requirements, and economic components, after consultation with the Ministry of Finance.

Within the scope defined by the Accounting Regulations for Enterprises and guidance documents from higher-level management agencies, enterprises shall study and establish lists of accounts, ledgers, and financial reports needed, and select appropriate ledger formats that fit their production and business characteristics and management requirements, and the level of accounting proficiency of the unit.

3- The accounting system established under this Decision shall be uniformly implemented nationwide from January 1, 1996, and replace the previous documents on account systems, reporting regulations, non-state-owned enterprise accounting systems, ledger and voucher systems issued under Decisions No. 212-TC/CĐKT dated December 15, 1989, No. 224-TC/CĐKT dated April 18, 1990, No. 598-TC/CĐKT dated December 8, 1990, No. 1205-TC/CĐKT and No. 1206-TC/CĐKT dated December 14, 1994, and Circular No. 07-TC/CĐKT dated February 21, 1994 of the Ministry of Finance.

Enterprises shall close their books at the end of December 31, 1995, to transfer balances from old accounts to new accounts according to the Accounting Regulations for Enterprises issued under this Decision and the general guidance of the Ministry of Finance.

People's Committees of provinces and centrally-administered cities are responsible for directing and implementing the Accounting Regulations for Enterprises within their jurisdictions.

The Director of the Department of Accounting Regulations, the Head of the Ministry's Office, the General Director of the State Capital and Asset Management总局副局长，企业总局局长和税务总局总局局长负责指导并组织实施本决定。