6 additional Vietnamese public accounting standards to announce

Nguyen Nhu Mai

15:25, 11/07/2022

The Ministry of Finance of Vietnam issued Decision 1366/QD-BTC dated 6/7/2022 on Vietnam Public Accounting Standards Phase 2 .

Specifically, in Decision 1366/QD-BTC, 6 public accounting standards were approved for the second phase as follows:

(1) Vietnamese Public Accounting Standard No. 05 "Borrowing costs";

(2) Vietnamese Public Accounting Standard No. 09 "Revenue from exchange transactions";

(3) Vietnamese Public Accounting Standard No. 11 "Construction Contracts";

(4) Vietnamese Public Accounting Standard No. 14 "Events after the Balance Sheet Date";

(5) Vietnamese Public Accounting Standard No. 23 "Revenue from non-exchange transactions";

(6) Vietnamese Public Accounting Standard No. 24 "Presentation of budgetary information in financial statements".

In addition, assign responsibility for implementation to the following individuals:

- Assign the Director of the Department of Accounting Management, Supervision, and Auditing to study and submit to competent authorities to amend the accounting regimes applicable to accounting units; coordinate with related units; continue to study public accounting standards as planned.

- Assign heads of relevant units under the Ministry of Finance to study, train, and disseminate the contents of Vietnam's public accounting standards.

See more at Decision 1366/QD-BTC effective from the date of signing.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

128 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn