Guidance on Accounting Policies for Project Management Units Using State Budget Funds

05:05, 11/07/2024

This is the content regulated in Circular 06/2019/TT-BTC amending and supplementing Circular 72/2017/TT-BTC on the management and use of revenues from project management activities by investors and project management boards using state budget funds.

Circular 06/2019/TT-BTC has amended and supplemented regulations on accounting policies and the accounting of revenue from project management activities using State Budget funds. The new specific regulations are as follows:

- Accounting regime: The investor and the Project Management Board (PMB) shall implement according to the Circular of the Ministry of Finance guiding accounting applied for the investor unit.- Accounting of revenue from project management activities.- Revenues from performing project management and executing consultancy work for projects assigned for management by the competent authority's decision shall be accounted into the project's funds.- Revenues from service provision through contracts and other revenues shall be accounted into the revenue of the PMB.

More details can be found in the Circular 06/2019/TT-BTC effective from March 15, 2019.

- Thanh Lam -

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