1. What does the IFRS mean?
2. What does the “IFRS adopted by EU” expression mean?
3. How can I reach the standards?
4. Are standards also available in Vietnamese?
5. How can I get information about the latest IFRS news and changes?
6. Which standards are applicable to prepare the financial statements if I decide to adopt the IFRS?
7. What are the most significant differences between financial statements prepared under the Vietnamese Accounting Standards and under IFRS?
8. Are there any specific rules for a company preparing its financial statements under IFRS for the first time?
9. Which act stipulates the detailed regulations of the IFRS adoption?
10. Which companies and when have the option to adopt IFRS?
11. For which companies is the IFRS adoption mandatory?
12. If the parent company is listed, is the IFRS adoption mandatory for the Vietnamese subsidiary?
13. What are the pros for IFRS adoption?
14. Who is authorized to decide about the IFRS adoption at a company?
15. What steps need to be taken prior to the adoption? What other aspects need to be considered?
16. Which areas are affected by the IFRS transition?
17. What are the conditions of the IFRS adoption?
18. Is the registered auditor of the company entitled to audit the IFRS adoption?
19. How should the company announce the IFRS transition?
20. Is it mandatory to employ an IFRS certified accountant to prepare financial statements under IFRS?
21. What does the IFRS certified mean?
22. How can I get the IFRS qualification?
23. What is the date of the transition?
24. Should I prepare three balance sheets if my company adopts the IFRS for the first time?
25. Which standards are applicable to prepare the first IFRS financial statements?
26. When should I start the preparation for the adoption?
27. What are the steps of the IFRS adoption?
28. Can I use the numbers of the IFRS reporting package prepared on a regular basis in my first separate IFRS financial statements?
29. Is it enough to disclose additional information to the package to have a full set of IFRS financial statements?
30. Are there any significant differences between the separate financial statements prepared under the Vietnamese Accounting Standards and IFRS?
31. If I adopt IFRS, will I stay under Vietnamese accounting guidance?
32. If I adopt IFRS, is it possible to account for in accordance with the Vietnamese accounting rules and at year end record only the IFRS adjustments?
33. Beside the disclosure requirements of the IFRS, are there any additional obligations relating to the Vietnamese rules of the adoption?
34. What are the disclosure requirements for a first time adopter?
35. Is it mandatory for the IFRS adopters to prepare a report in accordance with the Vietnamese accounting rules?
36. Shall the statistical data be reported based on the IFRS accounts?
Want to stay up to date on tax news?
Sign up for news here!
Get in touch
