Decision No. 12/2005/QD-BTC of the Ministry of Finance issues and promulgates six Vietnamese Accounting Standards Batch 4, applicable to all domestic enterprises. These standards aim to improve the quality of accounting information and control the quality of accounting work.
适用范围
All enterprises belonging to various economic sectors throughout the country.
要点
- Enterprises → must apply six Vietnamese Accounting Standards Batch 4 (Standard No. 17 - Corporate Income Tax; Standard No. 22 - Additional Financial Statement Presentation for Banks and Similar Financial Institutions; Standard No. 23 - Events After the Balance Sheet Date; Standard No. 27 - Interim Financial Reporting; Standard No. 28 - Segment Reporting; Standard No. 29 - Changes in Accounting Policies, Estimates, and Errors).
- Enterprises → shall apply from the date of effectiveness, which is 15 days after publication in the Official Gazette.
- Enterprises → must base on these six Accounting Standards to amend and supplement their specific accounting regulations.
🌐 本文件的社会影响
- Positive impact: Improve the quality of accounting information and control accounting work.
- Negative impact: Time and cost burden for enterprises during the process of applying new standards.
❓ 常见问题
When must enterprises compulsorily apply these six Accounting Standards?
Enterprises must compulsorily apply these six Accounting Standards 15 days after the date of publication in the Official Gazette.
What does the fourth batch of Accounting Standards include?
The fourth batch of six Accounting Standards includes: Standard No. 17 - Corporate Income Tax; Standard No. 22 - Additional Financial Statement Presentation for Banks and Similar Financial Institutions; Standard No. 23 - Events After the Balance Sheet Date; Standard No. 27 - Interim Financial Reporting; Standard No. 28 - Segment Reporting; Standard No. 29 - Changes in Accounting Policies, Estimates, and Errors.
What must enterprises do to apply these six standards?
Enterprises must base on the issued six Accounting Standards to amend and supplement their specific accounting regulations.
Which enterprises need to apply these standards?
All enterprises belonging to various economic sectors throughout the country must apply these six Accounting Standards.
When do these standards come into effect?
These standards come into effect 15 days after publication in the Official Gazette.
全文
DECISION OF THE MINISTER OF FINANCE
Regarding the issuance and publication
six (06) Vietnamese Accounting Standards (batch 4)
THE MINISTER OF FINANCE
Pursuant to the Law on Accounting No. 03/2003/QH11 dated June 17, 2003;
Pursuant to Decree No. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of ministries and ministerial-level agencies;
Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
To meet the requirements for reforming economic and financial management mechanisms, improving the quality of accounting information provided in the national economy, and to monitor and control the quality of accounting work;
At the proposal of the Director of the Department of Accounting Standards and Auditing and the Head of the Ministry of Finance's Office,
DECISION:
Article 1. Issuing six (06) Vietnamese Accounting Standards (batch 4) with the following numbers and names:
1. Standard No. 17 - Corporate Income Tax;
2. Standard No. 22 - Additional Financial Statement Presentation for Banks and Similar Financial Institutions;
3. Standard No. 23 - Events After the Balance Sheet Date;
4. Standard No. 27 - Interim Financial Reporting;
5. Standard No. 28 - Segment Reporting;
6. Standard No. 29 - Changes in Accounting Policies, Estimates, and Errors.
Article 2. The six (06) Vietnamese Accounting Standards issued pursuant to this Decision shall apply to all enterprises in various sectors and economic components throughout the country.
Article 3. This Decision shall take effect fifteen days from the date of publication in the Official Gazette. Specific accounting regulations must be revised and supplemented in accordance with the six accounting standards issued under this Decision.
Article 4. The Director of the Accounting and Auditing Regulations Department, the Head of the Ministry's Office, and the Heads of relevant units under the Ministry of Finance are responsible for guiding, supervising, and implementing this Decision./.
DEPUTY MINISTER
关系图
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