Circular No. 75/2015/TT-BTC amends and supplements Article 128 of Circular No. 200/2014/TT-BTC guiding the Accounting System for Enterprises.

CIRCULAR
Amending and supplementing Article 128 of Circular No. 200/2014/TT-BTC dated December 22, 2014 guiding the Accounting System for Enterprises
The Minister of Finance issues this Circular amending and supplementing Article 128 of Circular No. 200/2014/TT-BTC dated December 22, 2014 guiding the Accounting System for Enterprises.

Pursuant to the Accounting Law dated June 17, 2003;

Pursuant to Decree No. 129/2004/NĐ-CP dated May 31, 2004 of the Government detailing and guiding the implementation of certain provisions of the Accounting Law in business activities;

Pursuant to Decree No. 215/2013/NĐ-CP dated December 13, 2013 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Director of the Department of Accounting and Auditing Regime,

Amending and supplementing Article 128 of Circular No. 200/2014/TT-BTC dated December 22, 2014 guiding the Accounting System for Enterprises as follows:

Article 1. Article 128

“This Circular applies to fiscal years beginning on or after January 1, 2015. Enterprises that are required to prepare interim financial reports (quarterly financial statements and semi-annual financial statements) may choose to prepare their interim financial report for 2015 according to the provisions of Decision No. 15/2006/QD-BTC dated March 20, 2006 of the Minister of Finance on the issuance of the Accounting System for Enterprises or according to the provisions of this Circular. However, the annual financial statement for 2015 must comply with the provisions of this Circular.

This Circular replaces the Accounting System for Enterprises issued pursuant to Decision No. 15/2006/QD-BTC dated March 20, 2006 of the Minister of Finance on the issuance of the Accounting System for Enterprises and Circular No. 244/2009/TT-BTC dated December 31, 2009 of the Ministry of Finance guiding amendments and supplements to the Accounting System for Enterprises. Provisions in other Circulars guiding Vietnamese Accounting Standards that are not contrary to this Circular remain valid. All provisions contrary to this Circular are abolished.

Prior to the issuance of the Accounting Standard on Financial Instruments and related implementing guidelines for the Accounting Standard on Financial Instruments, it is encouraged (but not mandatory) for entities to present and disclose information about financial instruments according to the provisions of Circular No. 210/2009/TT-BTC dated November 6, 2009 of the Ministry of Finance guiding the application of International Accounting Standards on the Presentation of Financial Statements and Disclosure of Information on Financial Instruments.

This Circular takes effect from July 14, 2015.

Article 2. Effectiveness

This Circular takes effect from July 14, 2015.