Circular No. 178/2012/TT-BTC guiding accounting for the Vietnam Social Security

 CIRCULAR

Guidelines for accounting applicable to the Vietnam Social Security

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Based on the Accounting Law dated June 17, 2003;

Pursuant to the Social Insurance Law dated June 29, 2006;

Pursuant to the Health Insurance Law dated November 14, 2008;

Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Pursuant to Decree 128/2004/NĐ-CP dated May 31, 2004 of the Government detailing and guiding the implementation of certain provisions of the Accounting Law in the field of state accounting;

Considering the proposal of the Director of the Accounting and Auditing System Department,

The Minister of Finance issues this Circular on guidelines for accounting applicable to the Vietnam Social Security.

Article 1. Scope of Regulation and Applicability

Article 1. This Circular stipulates certain accounting vouchers, certain accounting books, and the accounting account system, financial reporting system applicable to social insurance agencies at district, county, town, and provincial city level (hereinafter referred to as district-level social insurance agency); social insurance agencies at provincial and centrally-administered municipal level (hereinafter referred to as provincial-level social insurance agency); and the Vietnam Social Security.

Article 2. For matters not covered in this Circular, social insurance agencies shall implement according to the Accounting System for Administrative and Public Institutions issued together with Decision No. 19/2006/QĐ-BTC dated March 30, 2006; Circular No. 185/2010/TT-BTC dated November 15, 2010 guiding amendments and supplements to the Accounting System for Administrative and Public Institutions issued together with Decision No. 19/2006/QĐ-BTC dated March 30, 2006 of the Minister of Finance, and other Circulars amending, supplementing, and replacing the aforementioned documents (hereinafter collectively referred to as Decision 19).

Article 2. Provisions on the accounting voucher system

Clause 1. In addition to accounting vouchers issued under Decision 19, this Circular provides supplementary guidance on 37 accounting vouchers applicable to social insurance agencies.

Clause 2. The list, templates, explanations of content, and methods of preparation for the 37 supplementary vouchers mentioned in Clause 1 of this Article are specified in Appendix No. 01 attached hereto.

Article 3. Provisions on the accounting account system

Clause 1. The accounting account system applicable to social insurance agencies includes: 65 accounts in the Account Balance Sheet and 15 accounts outside the Account Balance Sheet.

Clause 2. The list of accounting accounts, explanations of content, structure, and methods of recording accounting accounts are specified in Appendix No. 02 attached hereto.

Article 4. Provisions on the accounting book system

Clause 1. In addition to accounting books issued under Decision 19, this Circular provides supplementary guidance on 11 detailed accounting books applicable to social insurance agencies.

Clause 2. The list, templates, explanations of content, and methods of recording the 11 supplementary accounting books mentioned in Clause 1 of this Article are specified in Appendix No. 03 attached hereto.

Article 5. Provisions on the financial reporting system

Clause 1. The financial reporting system applicable to social insurance agencies includes: 10 financial reports applicable to basic accounting units (Level III) and 21 financial reports applicable to higher-level accounting units (Level I, Level II).

Clause 2. The list of reports, templates, explanations of content, and methods of preparing financial reports are specified in Appendix No. 04 attached hereto.

Article 6. Implementation Organization

Article 1. This Circular takes effect from January 1, 2013 and replaces Decision No. 51/2007/QĐ-BTC dated June 22, 2007 of the Minister of Finance on the issuance of the Accounting System for the Vietnam Social Security. Financial reports for the fiscal year 2012 shall be prepared according to the Accounting System for the Vietnam Social Security issued pursuant to Decision No. 51/2007/QĐ-BTC.

2. During the implementation process, if there are any difficulties, they should be reported promptly to the Ministry of Finance for study and resolution./.