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Vietnamese Enterprise Accounting Regime
Detailed instructions on the accounting regime according to Circular 200/2014/TT-BTC: System of accounts, documents, books and financial reports
Important Note: The current accounting regime applies according to Circular 200/2014/TT-BTC effective from January 1, 2015 and its amendments and supplements.
Overview of the Enterprise Accounting Regime
What is the business accounting regime?
The enterprise accounting regime is a system of regulations and instructions on accounting methods, accounting account systems, accounting vouchers, accounting books, and financial reports applied uniformly to enterprises in all fields and economic sectors nationwide.
Objectives of the accounting regime:
- Unified accounting methods
- Ensuring comparability of accounting information
- Transparency of financial information
- In accordance with Vietnamese accounting standards
- Integration with international accounting practices
Applicable objects
Legal basis:
- Accounting Law No. 88/2015/QH13
- Decree 174/2016/ND-CP
- Circular 200/2014/TT-BTC
- Circular 133/2016/TT-BTC (amended)
- Other guidance circulars
5 Components of the Accounting Regime
The enterprise accounting regime includes 5 main contents as prescribed in Circular 200/2014/TT-BTC
Accounting System
01
The accounting system includes 10 types of accounts arranged according to the principle of assets.
- Type 1:
- Type 2:
- Type 3:
- Type 4:
- Type 5:
Accounting Documents
02
Accounting documents are the basis for accounting entries, including mandatory documents and supporting documents.
- Receipt:
- Payment voucher:
- Warehouse receipt:
- Warehouse delivery note:
- VAT invoice:
Accounting Books
03
Accounting books are used to record, systematize and store all economic transactions.
- General journal:
- Special diary:
- Ledger:
- Detailed book:
- Balance sheet:
Financial Report
04
Financial statements are the final product of the accounting process, reflecting the financial situation.
- Balance sheet:
- Business performance report:
- Cash flow statement:
- Financial Statement Notes:
- Financial Statement:
Accounting Methods
05
Accounting methods prescribe how to record, measure and report economic transactions.
- Original price principle:
- Matching principle:
- Principle of caution:
- Accounting period:
- Currency:
- Accounting method:
System of 10 Types of Accounting Accounts
1
Cash and equivalents
9 accounts
9 accounts
2
Financial investment
11 accounts
11 accounts
3
Accounts receivable
14 accounts
14 accounts
4
Inventory
5 accounts
5 accounts
5
Fixed assets
5 accounts
5 accounts
6
Production and business costs
14 accounts
14 accounts
7
Other income
1 account
1 account
8
Other expenses
2 accounts
2 accounts
9
Determine the results
1 account
1 account
10
Off-balance sheet accounts
6 accounts
6 accounts
Instructions for applying VAS
Implementation steps and important notes when applying accounting standards
Download Forms and Instructions
The most complete and updated set of Vietnamese accounting standards documents
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Forms and instructions for business accounting regime