NEW CONTRIBUTIONS OF THE THESIS

Major: Accounting, Auditing and Analysis Code: 9340301

Ph.D student: Do Duc Tai Student ID: NCS35.42B2KT
Instructor 1: Assoc. Prof. Dr. Tran Manh Dung
Instructor 2: Assoc. Prof. Dr. Dinh Thi Mai
Training institution: National Economic University
Thesis topic: Research the determinants influencing differences of financial statements
under Vietnamese accounting standard and international of FDI firms
New contributions of the thesis
According to the research results of the thesis, the author has shown new points about the
factors that influence to the difference of financial statements of FDI firms under Vietnamese
accounting standards and international accounting standards:
(1). The theories related to financial statements under Vietnamese accounting standards and
international accounting standards have been synthesized by the thesis. The thesis has clarified to
the difference of financial statements of FDI firms under Vietnamese accounting standards and
international accounting standards, including the differences of Financial Statement Presentation
and the differences of Items in the Financial Statements.
(2). There are eight factors, include: Economic (KT), Legal systems (HTPL), Political Systems
(HTCT), Professional Technique (KTNV); Education, professional training (GD); Culture (VH),
Organizational Conditions (DKTC) and IAS/IFRS influence to the difference of financial
statements of FDI firms under Vietnamese accounting standards and international accounting
standards. The standardized regression equations are: KB = 0,208xKT + 0,314xHTCT + 0,237xVH
+ 0,165xDKTC + 0,157xGD + 0,107xHTPL + 0,062xKTNV.
New proposal draws from research results
According to the research results of the thesis, recommendations to reduce differences and increase
harmony between Vietnamese accounting standards and international accounting standards in
financial statements of FDI firms were presented by the author:
(1). Topics covered by the thesis: (i) The financial statement is very similar between Vietnamese
accounting standard and international accounting standard; (ii) The information in the financial
statements in accordance with Vietnamese accounting standards is easily compared with the
financial statements in accordance with IAS / IFRS; (iii) reduce the burden for FDI firms, especially
the accounting department in providing information both in Vietnamese accounting standards and
international accounting standards but with great differences; (iv) Reduce the cost of converting
from FS in Vietnam accounting standards to IAS / IFRS, reduce the cost of hiring IAS / IFRS
financial statements in FDI firms; (v) This has contributed to a favorable legal environment,
including an accounting legal environment that is consistent with the IAS / IFRS, thus contributing
to the attraction of FDI inflows.
(2). The thesis sought for recommendations for FDI firms about strategies and initiatives in order to
minimise the differences between financial statements based on Vietnamese accounting standards
and those on international accounting standards. Recommendations were generated with regard to
factors of culture, organisational practices, and IAS/IFRS.
(3). The thesis sought for recommendations for accountants: Accountants must have good
orientation in accounting profession when they are at school; Accountants must be familiar with
accounting policies and laws (both Vietnamese Accounting Standards and IAS / IFRS); To firmly
grasp tax policies and laws; specialized laws...