What is latest accounting balance sheet today in Vietnam?

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Please ask: What is latest accounting balance sheet today in Vietnam?- Question from Mr. Phap (Phu Yen).

What is latest accounting balance sheet today in Vietnam?

Circular 200/2014/TT-BTC stipulates the balance sheet template as follows:

- The enterprise's Balance Sheet template that meets the assumption of continuous operations is Form B 01 - DN issued with Circular 200/2014/TT-BTC.

Reporting unit:………………....

Model number B01 – DN

Address:………………………….

(Issued according to Circular No. 200/2014/TT-BTC

December 22, 2014 of the Ministry of Finance)

ACCOUNTING BALANCE SHEET

At date ... month ... year ...(1)

(Applicable to businesses that meet the continuous operation assumption)

Unit:.............

ASSET	Code number	Present	Year-end number (3)	Number the begin of the year (3)
1	2	3	4	5
A - SHORT-TERM ASSETS	100
I. Cash and cash equivalents	110
1. Money	111
2. Cash equivalents	112
II. Short-term financial assets	120
1. Trading securities	121
2. Provision for devaluation of trading securities (*)	122		(…)	(…)
3. Investment held until maturity	123
III. Short-term receivables	130
1. Short-term receivables from customers	131
2. Short-term advance payments to sellers	132
3. Short-term internal receivables	133
4. Receivables according to construction contract plan progress	134
5. Receivables from short-term loans	135
6. Other short-term receivables	136
7. Provision for short-term bad debts (*)	137
8. Missing assets awaiting resolution	139
IV. Inventory	140
1. Inventory	141
2. Provision for devaluation of inventory (*)	149		(…)	(…)

V. Other short-term assets	150
1. Short-term prepaid expenses	151
2. VAT is deductible	152
3. Taxes and other amounts receivable from the State	153
4. Repurchase transactions of Government bonds	154
5. Other short-term assets	155
B - LONG-TERM ASSETS	200
I. Long-term receivables	210
1. Long-term receivables from customers	211
2. Long-term advance payments to sellers	212
3. Business capital in affiliated units	213
4. Long-term internal receivables	214
5. Receivables from long-term loans	215
6. Other long-term receivables	216
7. Provision for long-term bad debts (*)	219		(...)	(...)
II. Fixed assets	220
1. Tangible fixed assets	221
- Original price	222
- Accumulated depreciation value (*)	223		(…)	(…)
2. Financial leased fixed assets	224
- Original price	225
- Accumulated depreciation value (*)	226		(…)	(…)
3. Intangible fixed assets	227
- Original price	228
- Accumulated depreciation value (*)	229		(…)	(…)
III. Investment real estate	230
- Original price	231
- Accumulated depreciation value (*)	232
			(…)	(…)
IV. Long-term unfinished assets 1. Long-term unfinished production and business costs 2. Construction in progress costs	240 241 242

V. Long-term financial investment	250
1. Invest in subsidiaries	251
2. Invest in joint ventures and affiliated companies	252
3. Invest and contribute capital to other units 4. Provision for long-term financial investments (*)	253 254
5. Investment held until maturity	255		(…)	(…)
BECAUSE. Other long-term assets	260
1. Long-term prepaid expenses	261
2. Deferred tax assets	262
3. Equipment, supplies, and long-term replacement parts	263
4. Other long-term assets	268
TOTAL ASSETS (270 = 100 + 200)	270
C - LIABILITIES	300
I. Short-term debt	310
1. Short-term payables to suppliers	311
2. Buyer pays short-term in advance	312
3. Taxes and amounts payable to the State	313
4. Payable to employees	314
5. Short-term payable expenses	315
6. Short-term internal payables	316
7. Payable according to construction contract plan progress	317
8. Short-term unearned revenue	318
9. Other short-term payables	319
10. Short-term finance lease loans and debt	320
11. Provision for short-term payables	321
12. Bonus and welfare fund	322
13. Price stabilization fund	323
14. Resale transactions of Government bonds	324
II. Long-term liabilities	330
1. Long-term payables to suppliers	331
2. Buyer pays in advance long term	332
3. Long-term expenses	333
4. Internal payables for business capital	334
5. Long-term internal payables	335
6. Long-term unearned revenue	336
7. Other long-term payables	337
8. Long-term financial lease loans and debt	338
9. Convertible bonds	339
10. Preferred shares	340
11. Deferred income tax payable	341
12. Long-term provisions for payables	342
13. Science and technology development fund	343
D - OWNER'S CAPITAL	400
I. Equity	410
1. Owner's capital contribution - Ordinary shares have voting rights - Preferred shares	411 411a 411b
2. Share surplus	412
3. Bond conversion option	413
4. Other capital of the owner	414
5. Treasury shares (*)	415		(...)	(...)
6. Differences in asset revaluation	416
7. Exchange rate differences	417
8. Development investment fund	418
9. Fund to support business arrangements	419
10. Other equity funds	420
11. Undistributed after-tax profits - Undistributed PAT accumulated to the end of the previous period - Undistributed NPAT this period	421 421a 421b
12. Source of investment capital for capital construction	422
II. Other sources of funding and funds	430
1. Funding source	431
2. Funding source to form fixed assets	432
TOTAL CAPITAL RESOURCES (440 = 300 + 400)	440

..., date...month...year...

Schedule maker

Chief accountant

Manager

(Sign, full name)

- Practicing certificate number;

- Accounting service provider

(Sign, full name)

(Sign, full name, stamp)

- The sample Balance Sheet of an enterprise that does not meet the assumption of continuous operation is Form B 01/CDHD – DNKLT issued with Circular 200/2014/TT-BTC.

Reporting unit:………………....

Form No. B 01/CDHD – DNKLT

Address:………………………….

(Issued according to Circular No. 200/2014/TT-BTC

December 22, 2014 of the Ministry of Finance)

ACCOUNTING BALANCE SHEET

At date ... month ... year ...(1)

(Applicable to businesses that do not meet the going concern assumption)

Unit:.............

ASSET	Code number	Present	Year-end number (3)	Number the begin of the year (3)
1	2	3	4	5
A - ASSETS	100
I. Cash and cash equivalents	110
1. Money	111
2. Cash equivalents	112
II. Financial investment	120
1. Trading securities	121
2. Investment held until maturity	122
3. Invest in subsidiaries	123
4. Invest in joint ventures and affiliated companies	124
5. Invest and contribute capital to other units	125

III. Receivables	130
1. Receivables from customers	131
2. Pay the seller in advance	132
3. Business capital in affiliated units	133
4. Internal receivables	134
5. Loan receivables	135
6. Receivables according to construction contract plan progress	136
7. Other receivables	137
8. Missing assets awaiting resolution	138
IV. Inventory	140
V. Fixed assets	150
1. Tangible fixed assets	151
2. Financial leased fixed assets	152
3. Intangible fixed assets	153
VI. Investment real estate	160
			(…)	(…)
VII. Construction in progress costs	170
VIII. Other assets	180
1. Upfront costs	181
2. VAT is deductible	182
3. Taxes and other amounts receivable from the State	183
4. Repurchase transactions of Government bonds	184
5. Deferred tax assets	185
6. Other assets	186
C - LIABILITIES	300
1. Payable to the seller	311
2. Buyer pays in advance	312
3. Taxes and amounts payable to the State	313
4. Payable to employees	314
5. Expenses payable	315
6. Internal payables for business capital
7. Other internal payables	316
8. Payable according to construction contract plan progress	317
9. Unearned revenue	318
10. Other payables	319
11. Loans and financial lease debt	320
12. Convertible bonds	339
13. Preferred shares	340
14. Deferred income tax payable	341
15. Payable provisions	321
16. Bonus and welfare fund	322
17. Science and technology development fund	343
18. Price stabilization fund	323
19. Resale transactions of Government bonds	324
C - EQUITY	400
I. Equity	410
1. Owner's capital contribution - Ordinary shares have voting rights - Preferred shares	411 411a 411b
2. Share surplus	412
3. Bond conversion option	413
4. Other capital of the owner	414
5. Treasury shares (*)	415		(...)	(...)
6. Development investment fund	418
7. Business arrangement support fund	419
8. Other equity funds	420
9. Undistributed after-tax profits - Undistributed PAT accumulated to the end of the previous period - Undistributed NPAT this period	421 421a 421b
10. Source of investment capital for capital construction	422
II. Other sources of funding and funds	430
1. Funding source	431
2. Funding source to form fixed assets	432
TOTAL CAPITAL RESOURCES (440 = 300 + 400)	440

What is purpose of the balance sheet in Vietnam?

At Point 1.1, Clause 1, Article 112, Circular 200/2014/TT-BTC stipulates the purpose of the accounting balance sheet as follows:

1. Preparation and presentation of Balance sheet of enterprises meeting the assumption of continuous operation.

Purposes of the Balance sheet

The Balance sheet is a combined financial statements, recording generally all value of the current assets and sources that set up assets of enterprises at a certain time. Figures on the balance sheet show the full value of current assets of enterprises according to the structure of assets and of capital setting up such assets. Based on the Balance Sheet, the financial situation of enterprises may be considered, assessed generally.

What is latest accounting balance sheet today in Vietnam? (Image from the Internet)

What are principles of preparation and presentation of the Balance Sheet in Vietnam?

At Point 1.2, Clause 1, Article 112, Circular 200/2014/TT-BTC stipulates that preparation and presentation of the Balance Sheet must ensure the following principles:

Principles of preparation and presentation of the Balance Sheet

Under the provisions of Accounting Standards, "Presentation of financial statements" when the balance sheet is prepared and presented, the general principles of preparation and presentation of financial statements must be complied with. Also, on the balance sheet, the assets and liabilities should be presented separately as short-term and long-term, depending on the duration of the normal operating cycle of enterprises, namely as follows:

a) For enterprises with normal operating cycle within 12 months, the assets and liabilities are classified as short-term and long-term according to the following principles:

- Assets and liabilities are recovered or paid within 12 months from the time the balance sheet is classified as short-term;

- Assets and liabilities are recovered or paid for 12 months or more from the time the balance sheet date are classified as long-term.

a) For enterprises with normal operating cycle longer than 12 months, assets and liabilities are classified as short-term and long-term according to the following principles:

- Assets and liabilities are recovered or paid within a normal operating cycle are classified as short-term;

- Assets and liabilities are recovered or paid in a time that is longer than a normal operating cycle are classified as long-term.

In this case, enterprises must clearly explain the characteristics to determine the normal operating cycle, the average duration of a normal operating cycle, the evidence of the production and trading cycle of enterprises as well as of operation sectors of enterprises.

c) For enterprises which due to the nature of operations cannot rely on the operating cycle to distinguish between short term and long term, the assets and liabilities are presented under decreasing liquidity.

When preparing the combined balance sheet between the superior unit and subordinate unit which have no legal status, the superior unit must eliminate all balances of items arising from the internal transactions, such as amounts receivable and payable, internal loans...between the superior unit and the subordinate unit, among the subordinate units.

The technique of elimination internal items in summarizing Reports between superior units and dependent cost-accounting subordinate units is similar to the technique of consolidated financial statements.

Items without figures are exempted from presentation on the Balance sheet. Enterprises actively re-number of the items under the continuity principle in each section.

Best regards!

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