Application of IPSAS Standards to the Vietnamese Government Accounting and Financial Statements
LE , TRANG THI NHA (2012)
2012
Finanssihallinto ja julkisyhteisöjen laskentatoimi - Financial Administration and Public Sector Accounting
Johtamiskorkeakoulu - School of Management
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Hyväksymispäivämäärä
2012-05-31
Julkaisun pysyvä osoite on
https://urn.fi/urn:nbn:fi:uta-1-23315
https://urn.fi/urn:nbn:fi:uta-1-23315
Tiivistelmä
The Vietnamese government has implemented a reform of public financial management in a realm of government accounting. The current government accounting regime has met requirements of budget management. However, it provides very little information of financial position and performance. Furthermore, in the context of the increasing international integration and requirements of public sector management reform, the Vietnamese government accounting needs to be improved with applying full accrual accounting based on IPSAS standards. The IPSAS are encouraged by the IPSAS Board as well as international financial organizations. And many countries have adopted the IPSAS or are in a progress adapting them. The questions are that whether or not the Vietnamese government accounting should apply the IPSAS, and to what extent apply them in current conditions of Vietnam so as to make use of advantages and overcome challenges of the IPSAS. So the research aims to evaluatecomprehensively the usefulness and feasibility of the IPSAS for the Vietnamese government accounting and financial statements.
The research uses qualitative methodology with research instruments namely data analysis and questionnaire. Types of documents will be analyzed including articles, papers, books of public financial management, public sector accounting and IPSAS standards, the current Vietnamese legislation involving public finance management, accounting regimes, reports of public financial management reform, and minutes of seminar. Questionnaire will be sent to regulators and lecturers relating the realm of government accounting in order to get data of opinions, perceptions of applying the IPSAS to the Vietnamese government accounting and financial reporting.
Keywords: Public sector, NPM, accounting reform, government accounting, IPSAS, government accounting regime, financial statements, financial position, financial performance, cash-based accounting, accrual-based accounting, assets, liabilities, fair value, historical cost
The research uses qualitative methodology with research instruments namely data analysis and questionnaire. Types of documents will be analyzed including articles, papers, books of public financial management, public sector accounting and IPSAS standards, the current Vietnamese legislation involving public finance management, accounting regimes, reports of public financial management reform, and minutes of seminar. Questionnaire will be sent to regulators and lecturers relating the realm of government accounting in order to get data of opinions, perceptions of applying the IPSAS to the Vietnamese government accounting and financial reporting.
Keywords: Public sector, NPM, accounting reform, government accounting, IPSAS, government accounting regime, financial statements, financial position, financial performance, cash-based accounting, accrual-based accounting, assets, liabilities, fair value, historical cost