Determination of Accounting Period in Civil Judgment Enforcement Accounting

14:09, 10/07/2024

Recently, the Ministry of Finance issued Circular 78/2020/TT-BTC guiding the accounting of civil judgment execution, effective from October 01, 2020

regulations on the accounting period and accounting inspection authority are stipulated in Circular 78/2020/TT-BTC guiding accounting operations for civil judgment enforcement as follows:

accounting period, Circular 78/2020/TT-BTC

Determining the accounting period in accounting operations for civil judgment enforcement (illustrative image)

+ Annual accounting period: Calculated for a full 12 months according to the calendar year, starting from October 1 of the previous year to the end of September 30 of the following year.

+ Quarterly accounting period: Calculated from the first day of the first month of the quarter to the last day of the last month of the quarter.

+ Monthly accounting period: Calculated from the first day to the last day of the month.

+ Authority for accounting inspection:

- Civil judgment enforcement agencies are subject to periodic accounting inspections by superior civil judgment enforcement agencies and competent state agencies as prescribed by law.- The content of accounting inspections is implemented according to accounting laws. Heads and accountants of civil judgment enforcement agencies must comply with financial and accounting inspection decisions of competent state agencies as prescribed by law.

See details in Circular 78/2020/TT-BTC, effective and applicable from October 1, 2020, replacing Circular 91/2010/TT-BTC.

Long Binh

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