Decision 15 2006 by MOF 200306 (E)

MINISTRY OF FINANCE Ref: 15/2006/QD-BTC
Socialist Republic of Vietnam Independence Freedom - Happiness Hanoi, 20 March 2006
DECISION ON THE PROMULGATION OF CORPORATE ACCOUNTING SYSTEM THE FINANCE MINISTER Basing on Law on Accounting 03/2003/QH11 and Decree 129/2004/ND-CP issued by the Government on 17 June 2003 and 31 May 2004, respectively, providing details and guidelines on the implementation of certain articles of the Law on Accounting in business activities, Decree 77/2003/ND-CP issued by the Government on 1 July 2003 specifying the functions, duties, powers and organisational structure of the MoF,
Considering The proposition by the Director-General of the Accounting Policy Department and the Chief of the Secretariat of the MoF,
hereby decides Article 1The Corporate Accounting System (the CAS) shall be applicable to the enterprises of all industries and all economic sectors nationwide. The CAS consists of 4 parts: First PartChart of Accounts, Second PartFinancial Statements, Third PartSupporting Documentation System, Fourth PartBooks of Account. Article 2The concerned enterprises, companies and general corporations, basing on the CAS, shall study, concretize and develop their accounting policies, and their specific regulations on the elements and methods which are appropriate to the industry business conditions and management requirements by industries and economic sectors. In case of any amendments of Tier-1 and Tier-2 Accounts, or of the financial statements, they shall be agreed by the MoF in writing. To the extent of the requirements of the CAS and guidance documents set forth by the entities of higher authority, the concerned enterprises shall adopt the listing of accounts, supporting documentation, and books of account and select the books of account that suit their business conditions, management requirements and accounting competence. Article 3This Decision shall become effective after 15 days since the date of its publication on the Public Gazette. For the regulations on the Preparation of the Interim Consolidated Financial Statements, Item I/A of Part Two shall be enacted as from 2008.
This Decision shall supersede Decision 1141 TC/QD/CDKT of 1 Novermber 1995 by the Finance Minister promulgating the Corporate Accounting System, Decision 167/2000/QD-BTC issued by the Finance Minister issuing the Corporate Financial Reporting System, Circular 10TC/CDKT issued on 20 March 1997 by the MoF Guidelines on the amendment of the CAS, Circular 33/1998/TT-BT of 17 March 1998 regarding the Guidelines on the providing for inventories, doubtful accounts and diminution in value of securities at the enterprises, Circular 77/1998/TT-BTC of 6 June 1998 regarding the Guidelines on the Exchange Rates for Converting Foreign Currency Denominated Amounts into VND in Accounting Treatments at the Enterprises, Circular 100/1998/TT-BTC of 15 July 1998 concerning the Guidelines on Accounting Treatments for VAT and EIT purposes, Circular 180/1998/TT-BTC of 26 December 1998 regarding the Guidelines on the Supplemented Accounting Treatments for VAT, Circular 186/1998/TT-BTC of 28 December 1998 concerning the Guidelines on Accounting Treatments for Export/Import Duties and Special Sales Tax, Circular 107/1999/TT-BTC of 1 September 1999 regarding the Guidelines on the Accounting Treatments for VAT Levied on Finance Leases, Circular 120/1999/TT-BTC of 7 October 1999 regarding the Guidelines on the Supplemented Corporate Accounting System, and Circular 54/2000/TT-BTC of 7 June 2000 concerning the Guidelines on the Accounting Treatments for Merchandise Made by Business Entities Which Is Sold to Dependently-Accounting Subsidiaries Located at Other Provinces or Cities and Sold Via Commission Agents at the Right Prices. Article 4 Those provisions that are stipulated in the Decisions on the issuance of Accounting Standard Standards and Circulars providing guidelines on the application of the standards from Series 1 to 5 and that do not contradict the requirements as stated in this Decision shall remain effective. Article 5 The concerned Ministries, Ministry-equivalent bodies, the Peoples Committees (PC) of the provinces and cities under the Central government shall be responsible for directing and executing the Corporate Accounting System issued under this Decision at the entities of their industries or fields, or in the areas under their control. Article 6 The Director of the Accounting and Auditing Policy Department, the Chief Secretary of the MOF, the Director of the Department of Enterprise Finance, the General Director of the Department of Taxation, and the leaders of the concerned entities under the MOFs umbrella shall be responsible for providing guidelines, monitoring, and executing this Decision. For the Finance Minister (signed) Tran Van Ta Deputy Minister
Addressees:
Prime Minister and Deputy PMs, Central Communist Partys Office, National Assemblys Office, Presidents Office, Cabinet Office, Relevant Ministries, Ministry-equivalent Bodies, and Bodies under Governments control, Peoples Supreme Court, Peoples Court of Investigation, Peoples Committees; Finance & Pricing Departments; Taxation Departments of Provinces and Cities under central government, Document Monitoring Department (Ministry of Justice), 2
Vietnam Association of Accountants and Auditors (VAA), Vietnam Association of Certified Public Accountants (VACPA), Accountancy and audit firms, Public Gazzette, Authorities under the MoFs control, Legislation Department (MoF), and MoF Office and Accounting and Auditing Policy Department (for filing)
PART ONE CHART OF ACCOUNTS

I. 1. 2. 3. GENERAL The accounts are used to classify and systematise all economic and financial transactions by their nature. The chart of accounts includes tier-1 and tier-2 accounts, accounts included in the B/S, and off-balance-sheet accounts as specified in this system. Where the concerned enterprises, companies, and General Corporations (GC) shall add tier-1 and tier-2 accounts or revise tier-1 and tier-2 accounts in terms of account title, account code and accounting treatments for specialised transactions, they shall obtain written approvals from the MOF prior to execution. The concerned enterprises, companies, and GCs may open additional tier-2 and tier-3 accounts for those accounts that do not these types of account in the Chart of Accounts as stated in this Decision to meet their managerial requirements without seeking the MOFs approval.
4.
II. CHART OF ACCOUNTS
ACCOUNT CODES No 1 Tier 1 2 Tier 2 3
ACCOUNT TITLES 4 ACCOUNT CATEGORY 1CURRENT ASSETS
NOTES 5
01
111 1111 1112 1113
Cash on hand Vietnam dong Foreign currency (ies) Gold, silver, precious metals, gemstones
02
112 1121 1122 1123
Cash in banks Vietnam dong Foreign currency (ies) Gold, silver, precious metals, gemstones Cash in transit 1131 1132 Vietnam dong Foreign currency (ies) Short-term investments 1211 1212 Shares Bonds, treasury bills, Notes Other short-term investments 1281 1288 Term deposits Other short-term investments
Reported of details by banks
03
113
04
121
05
128
06
129
Provision for diminution in value of short-term investments Reported of details by entities
07
131
Trade receivables
08
133
Value Added Tax (VAT) deductible 5
ACCOUNT CODES 1331 1332
ACCOUNT TITLES Deductible VAT for goods and services Deductible VAT for F/As
NOTES
09
136 1361 1368
Related party receivables Equity investments subsidiaries Other related party receivables Other receivables 1381 1385 1388 Shortage of assets awaiting resolution Equitisation-related receivables Other receivables Provision for doubful receivables Advances Short-term prepaid expenses Short-term deposits, mortgages and collaterals Goods in transit Raw materials Reported of details by managerial requirements Reported of details by entities
10
138
11 12 13 14 15 16
139 141 142 144 151 152
17 18 19 20
153 154 155 156 1561 1562 1567
Tools and supplies Work in progress Finished goods Merchandise inventories Cost of purchase Purchasing costs Held-for-sale properties Goods on consignment Bonded warehouse goods Provision for obsolete inventories Expenditure from subsidies of state budget 1611 1612 Prior year budget Current year budget ACCOUNT CATEGORY 2NON-CURRENT ASSETS
21 22 23 24
157 158 159 161
25
211 2111 2112 2113
Tangible fixed assets Buildings and structures Machinery and equipment Means of transportation and transmission 6
ACCOUNT CODES 2114 2115 2118 26 27 212 213 2131 2132 2133 2134 2135 2136 2138 28 214 2141 2142 2143 2147 29 30 31 32 33 217 221 222 223 228 2281 2282 2288 34 35 229 241 2411 2412 2413 36 37 38 242 243 244
ACCOUNT TITLES Management tools and equipment Perennial plants, working and productive animals Other tangible fixed assets Finance lease assets Intangible assets Land use rights Publising rights Copyrights, patents Brands Computer softwares Licences and franchises Other tangible assets Accumulated depreciation and amortisation Accumulated depreciation Accumulated depreciation of finance lease assets Amortisation of intangible assets Depreciation of investment properties Investment properties Investments in subsidiaries Investments in joint ventures Investments in associates Other long-term investments Shares Bonds Other long-term investments Provision for diminution in value of long term investments Construction in progress Acquisition of fixed assets Construction in progress Overhauls Long-term prepaid expenses Deferred tax assets Long-term deposits
NOTES
ACCOUNT CATEGORY 3LIABILITIES
39 40 41
311 315 331
Short-term borrowings Current portion of long-term loans Trade payables
42
ACCOUNT CODES 333 3331 33311 33312 3332 3333 3334 3335 3336 3337 3338 3339
ACCOUNT TITLES Taxes and statutory obligations VAT payable Output VAT VAT for imported goods Special Sales Tax Export, import duties Enterprise income tax Personal income tax Natural resource tax Property tax, land rentals Other taxes Fees, charges and other obligations Payables to employees Payables to employees Other payables to employees Accrued expenses Related party payables Construction contractor payables based on agreed progress billings Other payables
NOTES
43
334 3341 3348
44 45 46 47
335 336 337 338 3381 3382 3383 3384 3385 3386 3387 3388
For constructors whose progress billings are made.
Surplus of assets waiting for resolution Trade union fees Social insurance Health insurance Equitisation-related payables Short-term deposits, mortgages and collaterals received Deferred revenues Other payables Long-term borrowings Long-term liabilities Issued bonds
48 49 50
341 342 343 3431 3432 3433
Par value [par value of bonds] Discounts [bond discounts] Premiums [bond premiums] Long-term deposits received Deferred tax liabilities Provisions for severance allowances Provisions payable
51 52 53 54
344 347 351 352
ACCOUNT CATEGORY 4OWNERS EQUITY
ACCOUNT CODES 55 411 4111 4112 4118 56 57 412 413 4131 4132 58 59 60 61 62 414 415 418 419 421 4211 4212 63 431 4311 4312 4313 64 441 Paid-in capital Owner's equity Share premium Other equity
ACCOUNT TITLES
NOTES
For JSCs
Asset revaluation differences Foreign exchange differences Foreign exchange revaluation differences at year end Foreign exchange differences arising from construction stage Business development and investment funds Financial reserves Other funds belonging to owner's equity Treasury stocks Undistributed earnings Prior year undistributed earnings Current year undistributed earnings Bonus & welfare funds Bonus fund Welfare fund Welfare fund forming fixed assets Funds for capital expenditure Applicable to SOEs Applicable to General Corporations holding these subsidy funds For JSCs
65
461
Subsidy funds from state budget
4611 4621 66 466
Prior year Current year Subsidy funds forming F/As
ACCOUNT CATEGORY 5REVENUES
67
511 5111 5112 5113 5114 5117
Revenues from sale of goods and rendering of services Revenues from sale of goods Revenues from sale of finished products Revenues from rendering of services Revenues from subsidies Revenues from sale or operation of investment properties 9
Reported of details by managerial requirements
ACCOUNT CODES 68 512 5121 5122 5123 69 70 71 72 515 521 531 532 ACCOUNT TITLES Revenues from related party sale of goods Revenues from sale of goods Revenues from sale of finished products Revenues from rendering of services Financial income Trade discounts Sales returns Sales allowances NOTES Applicable to related party sale of goods
ACCOUNT CATEGORY 6OPERATING COSTS
73
611 6111 6112
Purchases Purchases of raw materials Purchases of goods Raw material costs Direct labour costs Costs incurred in use of working machines 6231 6232 6233 6234 6237 6238 Labour costs Raw material costs Costs for production tools Depreciation charges on working machines Costs for external services Other cash costs Factory overhead costs 6271 6272 6273 6274 6277 6278 Labour overheads Auxiliary materials Costs for production tools Accumulated depreciation of F/As Costs for external services Other cash costs Manufacturing costs Cost of goods sold Finance expenses Selling expenses 6411 6412 6413 Sales staff costs Raw material and packaging material costs Costs for tools and consumables 10
to apply periodic method
74 75 76
621 622 623
Applied to constructors
77
627
78 79 80 81
631 632 635 641
Periodic method
ACCOUNT CODES 6414 6415 6417 6418 82 642 6421 6422 6423 6424 6425 6426 6427 6428
ACCOUNT TITLES Depreciation charges Warranty costs Costs for external services Other cash expenses General and administration expenses Administration staff costs Costs for management-related supplies Costs for office supplies Depreciation charges Taxes, fees and charges Provisions for expenses Costs for external services Other cash expenses
NOTES
ACCOUNT CATEGORY 7OTHER INCOME
83
711
Other income
Reported of details by operations
CATEGORY 8: OTHER EXPENSES
84
811
Other expenses
Reported of details by operations
85
821 8211 8212
EIT expenses Current EIT expenses Deferred EIT expenses
ACCOUNT CATEGORY 9DETERMINED RESULTS OF OPERATION
86
911
Determined results of operation
11
ACCOUNT CODES
ACCOUNT TITLES ACCOUNT CATEGORY 0OFF-BALANCE SHEET ACCOUNTS Assets under lease Goods held under trust or for processing Goods held by the entity on consignment Bad debts written off Foreign currencies State funding
NOTES
001 002 003 004 007 008
12
PART TWO FINANCIAL STATEMENTS

I. A. 1. GENERAL Annual and interim financial statements Purposes
The financial statements are to provide the financial position, state of affairs, and cash flows generated by an enterprise meeting the managerial requirements of its owner, governmental authorities and useful needs of the users in making economic decisions. The financial statements shall provide the enterprises information on: a) Assets, b) Liabilities and Owners equity, c) Revenues, other income, operating expenses, and other expenses, d) Gains, loss and sharing of the results of operation, e) Statutory obligations, f) Other assets relating to the accounting entity, g) Cash flows In addition to this information, the enterprise shall also include the other in the Notes to the Financial Statements to provide additional explanations for the items shown in the general financial statements and for the applicable accounting policies to recognise the transactions and to prepare and present the financial statements. 2. Appliers
The annual financial statements shall be applicable to all forms of enterprise of various industries and economic sectors. For SMEs, they shall also comply with the general provisions included in this part, and the specific regulations and guidelines appropriate to them as stated in the accounting system for SMEs. The preparation and presentation of the financial statements made by banks and similar financial institutions is additionally stipulated in VAS 22 Additional Disclosure of the Financial Statements for Banks and Similar Financial Institutions and in particular documents. The preparation and presentation of the financial statements made by enteprises in particular industries is in accordance with the accounting system issued by, or approved by, the MOF for circulation. The parent company and the Group that prepare consolidated financial statements shall comply with the requirements as stated in accounting standard Consolidated financial statements and accounting for investments in subsidiaries. The superior accounting entity which has affiliated accounting entities, or the GC that operates under the non-holding model, i.e. it has no subsidiaries, shall prepare the general financial statements in accordance with the Circular instructing the accounting treatment for VAS 25 Consolidated financial statements and Accounting for investments in subsidiaries. Interim financial statements (quarterly financial statements) shall be applicable to SOEs, listed companies, and other enterprises on preparing interim financial statements willingly.
13
3.
Corporate financial statements
The system of financial statements includes annual and interim financial statements. 3.1 Annual financial statements
Annual financial statements include: Balance Sheet (B/S) Form B 01 DN Income Statement (I/S) Form B 02 DN Cash Flow Statement (CFS) Form B 03 DN Notes to the Financial Statements Form B 09 DN 3.2 Interim financial statements
The interim financial statements include full interim financial statements and summarised financial statements. (1) Full interm financial statements comprise:

Interim B/S (full type) Form B 01a DN Interim I/S (full type) Form B 02a DN Interim CFS (full type) Form B 03a DN Notes to the Selective Financial Statements
Form B 09a DN
(2) Abbreviated interim financial statements include Interim B/S (abbreviated type) Form B 01b DN Interim I/S (abbreviated type) Form B 02b DN Interim CFS (abbreviated type) Form B 03b DN Notes to the Selective Financial Statements Form B 09a DN 4. Responsibilities for preparation and presentation of the financial statements
(1) All enterprises in various industries and economic sectors shall prepare and present annual financial statements. In addition to their own annual financial statements, the companies, and GCs having affiliated accounting entities, shall prepare general financial statements or consolidated financial statements at the year-end based on their affiliated accounting entities. (2) For SOEs and listed companies, they shall prepare full interim financial statements. Other enterprises, if preparing the interim financial statements willingly, are allowed to choose full or summarised interim financial statements. For State-owned GCs and SOEs holding affiliated accounting entities shall prepare interim general financial statements or consolidated financial statements (*). Parent companies and groups shall prepare interim consolidated financial statements (*) and yearend consolidated financial statements per Decree 129/2004/ND-CP issued by the Government on 31 May 2004. In addition, they shall prepare consolidated financial statements after business combinations in accordance with VAS 11Business Combinations. [(*) The preparation of the interim consolidated financial statements shall be exercised since 2008]
14
5.
Requirements for preparation and presentation of the financial statements
The preparation and presentation of the financial statements shall comply with the requirements of VAS 21Presentation of the financial statements, including: True and fair view, Selecting and adopting the accounting policies in compliance with the requirements of individual accounting standards to assure provision of information that matches the needs of making economic decisions and of reliable information, when: Giving a true and fair view of the financial position, state of affairs and results of operation, Reflecting not only the exact economic nature of transactions and events, and their legality, Presenting the information on an objective and unbiassed basis, Complying with the prudence principle, and Presenting all material aspects. The preparation of the financial statements shall be based on the figures after cut-off. The financial statements shall be properly prepared in terms of their elements and method and consistent presentation shall be required for accounting periods. The financial statements shall be signed and/or sealed with the entitys chop by the preparer, chief accountant and representative at law. 6. Principles for presentation and preparation of financial statements
The preparation and presentation of the financial statements shall comply with six (6) principles as stipulated in VAS 21 Presentation of the financial statements: Going concern, accrual basis, materiality, concentration, compensating, and comparableness. The notes to the financial statements shall be based on the requirements for including information in the financial statements. Material information shall be explained to help users understand the financial status of the enterprise correctly. 7. Accounting periods
7.1 The financial year. Enterprises shall prepare the financial statements by fiscal years being calendar years, or being 12 months inclusive after notification made to tax authorities. For special cases, they are allowed to changing the B/S date which leads to the preparation of the financial statements for the first fiscal year or the last fiscal year which may be longer or shorter than 12 months but which shall not exceed 15 months. 7.2 nterim accounting periods
An interim accounting period is each quarter of the fiscal year, excluding Quarter 4. 7.3 Other accounting periods
The enterprises may prepare the financial statements by other accounting periods, e.g. by weeks, months, six months, nine months, etc.) in accordance with statutory requirements and parent companies or owners requirements. Spinned-off, demerged, merged, acquired, divested, ceased, or bankrupted accounting entities shall prepare the financial statements at the date of such events.
15
8. 8.1
Timing for filing financial statements SOEs
a) Timing for quarterly financial statements The accounting entities shall file quarterly financial statements within 20 days, at the latest, since the end of the accounting quarters. For accounting entities being state-owned GCs, this shall be 45 days, at the latest.
The accounting entities affiliated to state-owned GCs shall file quarterly financial statements to them within the timing set by the GCs.
b) Timing for filing annual financial statements The accounting entities shall file annual financial statements within 30 days, at the latest, since the end of the fiscal years. For accounting entities being state-owned GCs, this shall be 90 days, at the latest.
Accounting entities to affiliated to GCs shall prepare annual financial statements for GCs by the timing set by themselves.
8.2
For other types of enterprise
a) The accounting entities being private enterprises and partnerships shall file anuual financial statements within 30 days, at the latest, since the end of the fiscal years. For other accounting entities, the timing for filing shall be 90 days at the latest. b) Affiliated accounting entities shall file the annual financial statements to their superior ones as per the timing set out by those entities. 9. Recipients of the financial statements Recipients Types of enterprise (4) 1. State-owned enterprises (SOEs) 2. Foreign invested enterprises 3. Others Accounting periods Quarterly, annually Annually Annually Financial regulators (1) X X Tax authoritie s (2) X X X Statistical Offices X X X Superior entities (3) X X X Business registries X X X
(1) State-owned enterprises which locate in provinces or cities and which are directly under
central government shall submit their financial statements to the financial regulators of those provinces or cities. For central SOEs, they shall also file the financial statements to the MOF (the Finance Department for Enterprises). - For such SOEs as commercial banks, lottery agencies, financial institutions, insurance companies and securities companies, they shall also file their accounts to the MOF (Finance and Banking Department). As for securities companies, they shall also file their accounts to the State Securities Commission (SSC). (2) The concerned enterprises shall file their accounts to local tax authorities. For GCs, they shall also file their accounts to the MOF (General Department of Taxation). (3) For those enterprises held by superior accounting entities, they shall file their accounts to those entities under their requirements. 16
(4) For those enterprises which are required by law to have their financial statements audited
before filing of the accounts. Their audited financial statements shall be attached with the auditors report on filing the accounts to concerned regulators and to their superior accounting entities. B. 1. Consolidated and general financial statement Consolidated financial statements
Parent companies and groups are the entities which are responsible for preparing the financial statements to summarise and disclose their assets, liabilities and owners equity at the date of financial statements; state of affairs and results of operation for the reporting period in an overall and comprehensive manner. The consolidated financial statements include 4 templates of financial statement: - Consolidated B/S Form B 01 DN/HN - Consolidated I/S Form B 02 DN/HN - Consolidated CFS Form B 03 DN/HN - Notes to the Consolidated Financial Statements Form B 09 DN/HN The elements; methods of calculation; presentation of the required items; and timing for preparing, filing and disclosing the financial statements shall comply with the relevant Guidance Circular for VAS 21 Presentation of the Financial Statements and VAS 25 Consolidated Financial Statements and shall conform to the relevant Guidance Circular for VAS 11 Business Combinations. 2. General financial statements
Those superior accounting entities that have their affiliated accounting entities or those State GCs which are established and operate under non-holding model, i.e. one without subsidiaries, shall prepare the general financial statements to summarise and disclose their assets, liabilities and owners equity at the date of financial statements; state of affairs and results of operation for the reporting period in an overall and comprehensive manner for the entity as a whole. The general financial statements are comprised of 4 templates of financial statement:

General B/S General I/S General CFS Notes to the General Financial Statements
Form B01-DN Form B02-DN Form B03-DN Form B09-DN
The elements; methods of calculation; presentation of the required items; and timing for preparing, filing and disclosing the general financial statements shall comply with the relevant Guidance Circular for VAS 21 Presentation of the Financial Statements and VAS 25 Consolidated Financial Statements and Accounting for Investments in Subsidiaries. and shall conform to the relevant Guidance Circular for VAS 11 Business Combinations. For those parent companies and groups that prepare both general financial statements and consolidated financial statements, they shall prepare the former first (summarising by lines of business Business Operations or Manufacturing/Production Operations; or capital expenditure or public investments), and then the general financial statements or consolidated financial statements between lines of business. During the course of the preparation of the general financial statements between business entities, provisos on the consolidation of the financial statements may have been executed. For those entities which prepare both general financial statements and consolidated financial statements, they shall comply with the stipulations on the preparation of general financial statements and consolidated financial statements.
17
II. A.
LISTING AND TEMPLATES OF FINANCIAL STATEMENT Listing and templates of annual financial statements include: - B/S - I/S - CFS - Notes for the Financial Statements Form B 01 DN Form B 02 DN Form B 03 DN Form B 09 DN
18
1.
Balance Sheet Form B 01 - DN (issued per Decision 15/2006/QDBTC of 20 March 2006 by the Finance Minister) BALANCE SHEET as at [dd] [mm] [yy] Currency: Notes
Reporting entity: Address:
ASSETS 1 A. CURRENT ASSETS (100 = 110 + 120 + 130 + 140 + 150) I. Cash and cash equivalents 1. Cash 2. Cash equivalents
Code s 2 100 110 111 112 120 121 129 130 131 132 133 134 135 139 140 141 149 150 151 152 154 158 V.03 3
Ending balance (3) 4
Beginning balance (3) 5
V.01 V.02 () ()
II. Short-term investments 1. Short-term securities 2. Provision for short-term investments (*) (2) III. Accounts receivable 1. Trade receivables 2. Advances to suppliers 3. Related party receivables 4. Construction contractor receivables based on agreed progress billings 5. Other receivables 6. Provision for doubtful debts (*) IV. Inventories 1. Inventories 2. Provision for obsolete inventories (*) V. Other current assets 1. Short-term prepaid expenses 2. VAT deductibles 3. Taxes and statutory obligations 4. Other current assets
() V.04 ()
()
()
V.05
19
Currency: Notes ASSETS Code s 2 200 210 211 212 213 218 219 220 221 222 223 224 225 226 227 228 229 230 240 241 242 250 251 252 258 259 260 261 262 268 270 3 Ending balance (3) 4 Beginnin g balance (3) 5
1 B. NON-CURRENT ASSETS (200 = 210 + 220 + 240 + 250 + 260) I. Long-term receivables 1. Long-term receivables 2. Investments in subsidiaries 3. Long-term related party receivables 4. Other long-term receivables 5. Provisions for long-term receivables
V.06 V.07
()
()
II. Fixed assets 1. Tangible fixed assets Cost Accumulated depreciation (*) 2. Finance leases Cost Accumulated depreciation (*) 3. Intangible fixed assets Cost Accumulated amortisation (*) 4. Construction in progress III. Investment properties Cost Accumulated depreciation (*) IV. Long-term investments 1. Investments in subsidiaries 2. Investments in joint-ventures 3. Other long-term investments 4. Provision for long-term investments (*) V. Other non-current assets 1. Long-term prepaid expenses 2. Deferred tax assets 3. Other non-current assets TOTAL ASSETS (270 = 100 + 200)
V.08 () V.09 V.10 () V.11 V.12 () () () ()
V.13 () V.14 V.21 ()
20
Currency: Notes RESOURCES 1 LIABILITIES (300 = 310 + 320 + 330) Current liabilities 1. Short-term loans 2. Trade payables 3. Advances from customers 4. Statutory obligations 5. Payables to employees 6. Accrued expenses 7. Related-party payables 8. Construction contractor payables based on agreed progress billings 9. Other payables 10. Provisions for short-term payables Code s 2 300 310 311 312 313 314 315 316 317 318 319 320 330 331 332 333 334 335 336 337 400 410 411 412 413 414 415 416 417 418 419 420 421 430 431 432 433 440 V.22 3 Ending balance (3) 4 Beginning balance (3) 5
A. I.
V.15 V.16 V.17
V.18
II. Long-term liabilities 1. Long-term payables 2. Other long-term liabilities 3. Other long-term payables 4. Long-term loans 5. Deferred tax liabilities 6. Provisions for severance allowances 7. Provisions for long-term payables B. OWNERS EQUITY (400 = 410 + 430) I. Capital 1. Contributed capital 2. Share premiums 3. Other capital belonging to owners equity 4. Treasury stocks (*) 5. Asset revaluation differences 6. Business investment and development fund 7. Financial reserve fund 8. Undistributed earnings 9. Other funds belonging to owners equity 10. Undistributed earnings 11. Funds for capital expenditure II. Other capital, funds 1. Bonus and welfare funds 2. Funds 3. Funds forming fixed assets TOTAL LIABILITIES AND OWNERS EQUITY
V.19 V.20 V.21
()
()
V.23
21
OFF BALANCE SHEET ITEMS Currency: ITEMS Notes Ending balance (3) Beginning balance (3)
1. 2. 3. 4. 5. 6.
Assets under lease Goods held under trust or for processing Goods held by the company on consignment Bad debts written off Foreign currencies State funding
24
Prepared on [dd] [mm] [yy] Preparer (signature & fullname) NB: (1) Those items without figures may not be presented but shall not be re-numbered of items and Codes. (2) Those figures in items marked with (*) are written in negatives and in parantheses (). (3) For enterprises whose fiscal year is calendar year (X), the Ending balance column may be written as 31.12.X and Beginning balance as 01.01.X. Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
22
2.
Income Statement Form B 02 - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister)
INCOME STATEMENT for year Currency: ITEMS 1 1. Revenues from sale of goods and rendering of services 2. Less 3. Net revenues from sale of goods and rendering of services (10 = 01 02) 4. Cost of goods sold 5.Gross profit from sale of goods and rendering of services (20 = 10 - 11) 6. Income from financial activities 7. Expenses from financial activities In which: Interest expenses 8. Selling expenses 9. General & administration expenses 10. Operating profit [30 = 20 + (21-22) (24+25)] 11. Other income 12. Other expenses 13. Net other income [40 = 31 32] 14. Accounting profit before tax (50 = 30 + 40) 15. Current Enterprise Income Tax expenses Codes 2 01 02 10 11 20 21 22 23 24 25 30 31 32 40 50 51 VI.30 VI.26 VI.28 VI.27 Notes 3 VI.25 Current year 4 Previous year 5
23
ITEMS
Codes
Notes
Current year
Previous year
16. Deferred Enterprise Income Tax 17. Net profit after tax (60 = 50 51 52) 18. Basic earnings per share (*)
52 60 70
VI.30
Prepared on [dd] [mm] [yy] Preparer (signature & fullname) Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
NB: (*) This item is applicable to joint stock companies (JSC).
24
3.
Cash Flow Statement Form B 03 - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister) CASH FLOW STATEMENT (as per the Direct Method) (*) For . [year] Currency: Codes Notes Current y e a r Previous y e a r
ITEMS I. CASH FLOWS FROM OPERATING ACTIVITIES 1. Revenues from sale of goods and rendering of services 2. Payments for goods/services provider 3. Payments for employees 4. Interest paid 5. Enterprise income tax paid 6. Other cash inflows from operating activities 7. Other cash outflows from operating activities Net cash inflows (outflows) from operating activities II. CASH FLOWS FROM INVESTING ACTIVITIES 1. Purchase and construction of fixed assets and other long-term assets 2. Proceeds from disposals of fixed assets and other long-term assets 3. Loans to other entities and payments for purchase of debt instruments of other entities 4. Collections from borrowers and proceeds from sale of debt instruments of other entities 5. Payments for investments in other entities 6. Proceeds from sales of investments in other entities 7. Interest and dividends received Net cash inflows (outflows) from investing activities III. CASH FLOWS FROM FINANCING ACTIVITIES 1. Capital contribution and issuance of shares 2. Capital redemption 3. Long- and short-term borrowings 4. Loan repayment 5. Finance lease principal paid 6. Dividends paid Net cash inflows (outflows) from financing activities
01 02 03 04 05 06 07 20 21 22 23 24 25 26 27 30 31 32 33 34 35 36 40
25
Currency: Code Notes Current ITEMS Net cash inflows (outflows) (50 = 20+30+40) Cash and cash equivalents at the beginning of the year (period) Impact of exchange rate fluctuation Cash and cash equivalents at the end of the year (period) (70 = 50+60+61) 50 60 61 70 VII.34 Previous y e a r
Prepared on [dd] [mm] [yy] Preparer (signature & fullname) NB: Those items without figures may not be presented but shall not be re-numbered of items and Codes. Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
26
Form B 03 - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister) CASH FLOW STATEMENT (as per the Indirect Method) For . [year] Currency: Codes Notes Current Previous year
ITEMS I. CASH FLOWS FROM OPERATING ACTIVITIES 1. Net profit (loss) before tax 2. Adjustments for: Depreciation and amortisation Provisions Unrealised foreign exchange (gains) losses (Profits) losses from investing activity and sale of fixed assets Interest expenses 3. Operating income (loss) before changes in working capital (Increase) decrease in receivables (Increase) decrease in inventory Increase (decrease) in payables (excluding interest payable, EIT payables) (Increase) decrease in prepaid expenses Interest paid Enterprise income tax paid Other cash inflows from operating activities Other cash outflows from operating activities Net cash inflows (outflows) from operating activities II. CASH FLOWS FROM INVESTING ACTIVITIES 1. Purchase and construction of fixed assets and other long-term assets 2. Proceeds from disposals of fixed assets and other long-term assets 3. Loans to other entities and payments for purchase of debt instruments of other entities 4. Collections from borrowers and proceeds from sale of debt instruments of other entities 5. Payments for investments in other entities 6. Proceeds from sales of investments in other entities 7. Interest and dividends received Net cash inflows (outflows) from investing activities
01 02 03 04 05 06 08 09 10 11 12 13 14 15 16 20 21 22 23 24 25 26 27 30
27
Currency: Codes ITEMS III. CASH FLOWS FROM FINANCING ACTIVITIES 1. Capital contribution 2. Capital redemption 3. Borrowings 4. Loan repayment 5. Finance lease principal paid 6. Dividends paid Net cash inflows (outflows) from financing activities Net cash inflows (outflows) (50 = 20+30+40) Cash and cash equivalents at the beginning of the year (period) Impact of exchange rate fluctuation Cash and cash equivalents at the end of the year (period) (70 = 50+60+61) 31 32 33 34 35 36 40 50 60 61 70 Notes Current Previous year
Prepared on [dd] [mm] [yy] Preparer (signature & fullname) NB: (*) Those items without figures may not be presented but shall not be re-numbered of items and Codes. Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
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4.
Notes to the Financial Statements Form B 09 - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister)
NOTES TO THE FINANCIAL STATEMENTS For [year]
I.
Corporate information 1. Forms of ownership 2. Lines of business 3. Business operations 4. The enterprises business operations in the financial year that have influence on the financial statements.
II.
Accounting period and Reporting Currency 1. The Enterprises fiscal year starts on and ends on 2. Reporting currency.
III.
Accounting policies adopted at the Enterprise 1. Applicable accounting policies 2. Statement of the compliance with the applicable Accounting Standards and Accounting System 3. Registered supporting Documentation system.
IV.
Applicable Accounting Policies 1. Principle of recognising cash and cash equivalents Method of converting other currencies into reporting currency 2. Principle of recognising inventory
Principle of recognising inventory Method of determining value of inventory Method of recording inventory Method of making provisions for obsolete inventory
3. Principle of recognising of, and calculating depreciation for, F/As and investment properties (IPs)
Principle of recognising F/As (tangibles, intangibles, and finance lease assets)
29
4.
Method of calculating depreciation for F/As (tangibles, intangibles, and finance lease assets) Principle of recognising of, and calculating depreciation for, IPs
5.
Principle of recognising IPs Method of calculating depreciation for IPs
Principle of recognising financial investments
6.
Investments in subsidiaries, associates and interests in jointly controlled businesses (JCBs) Investments in short-term securities Other long- and short-term investments
Method of making provisions for diminution in value of investments in long- and short-term securities. Method of recognising and capitalising borrowing costs
7.
Method of recognising borrowing costs
Capitalisation rate used to determine borrowing costs which have been capitalised for the period Method of recognising and capitalising other expenses
8. 9. 10.
Prepaid expenses Other expenses Method of amortising prepaid expenses Method and period of amortising trade goodwill
Method of recognising accrued expenses Principle and method of recognising accruals Principles of recognising owners equity Principles of recognising: Owners contributed legal capital Asset revaluation differences Foreign exchange differences Undistributed earnings
30
11.
Principles and method of recognising revenues
12. 13. 14. 15. V.
Sales revenues Revenues from rendering services Financial income Revenues from construction contracts
Principles and method of recognising finance expenses Principle and method of current EIT expenses, deferred tax liabilities Currency hedges Other accounting principles and methods Additional information for items disclosed in the B/S and the I/S 1. Cash and cash equivalents Cash on hand Cash in banks Cash in transit Total 2. Short-term financial investments Short-term securities Other short-term investments Provisions for diminution in short-term investments Total 3. Other short-term receivables Receivables from equitisation Receivables from dividends and profits shared Receivables from employees Others Total 4. Inventory Goods in transit Raw materials Tools and supplies Work in process Finished goods Merchandise goods Goods on consignment Goods in bonded warehouse Ending balance ... ... ... ... ... Ending balance ... ... ... ... ... ... ... ... Beginning balance ... ... ... ... ... Beginning balance ... ... ... ... ... ... ... ... Ending balance ... ... ... ... Ending balance Unit: Beginning balance ... ... ... ... Beginning balance
31
Real estate goods Total
... ...
... ...
* Book value of inventory used as mortgage or collateral for loans: * Reversal of provisions for obsolete inventory for current year: .... * Those cases or events which lead to required further provisions for, or reversal of provisions for, inventory: 5. Statutory obligations Enterprise income tax over paid ..... Others Total 6. Long-term related-party receivables Long-term related-party loans ... Other long-term related-party receivables Total 7. Other long-term receivables Long-term mortgages or collaterals Amounts received in trust Non-interest bearing loans Others Total ... Ending balance Ending balance ... ... ... ... Ending balance ... ... Beginning balance ... ... ... ... Beginning balance ... ... ... ... Beginning balance
32
8. Increase/decrease in tangible fixed assets Items Cost Beginning balance Purchases for the year Completed capital expenditure Other additions Transferred to investment properties Disposed, sold Other disposals Ending balance Accumulated depreciation Beginning balance Charges for the year Transferred to investment properties Disposed, sold Other disposals Ending balance Net book value As at beginning of year As at yearend Buildings & struct ures Machinery & equipment Motor vehicles & transmission means ... Others Total
() () ()
() () ()
() () ()
() () ()
() () ()
() () ()
() () ()
() () ()
() () ()
() () ()
() () ()
() () ()
* Ending net book value of tangible fixed assets pledged/mortgaged as loan security: * Ending balance of tangible F/Asfully depreciated but still in use: * Ending balance of tangible F/Aswaiting to be disposed: * Future commitments on tangible F/A acquisitions, sales of large value: * Other changes in tangible F/As: 9. Increase/decrease in finance lease assets
Items Cost Beginning balance Leases for the year Repurchased assets Other increase Returned assets Other decrease Ending balance Accumulated depreciation Beginning balance Charges for the year Repurchased assets Other increase Returned assets Other decrease Ending balance Net book value As at beginning of year Buildings & structures Machinery & equipment Motor vehicles & transmission means ... Other tangible F/As Intangible assets Others
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
(...) (...)
33
As at year end
- Additional lease rentals shall be recognized as expenses incurred in the year: - Basis for determining additional lease rentals: - Terms of lease extensions or options to repurchase assets: 10. Increase/decrease in intangible fixed assets Items Cost Beginning balance Additions Internally generated Increase due to M&As Other increase Disposed, sold Other decrease Ending balance Accumulated amortisation Beginning balance Charges for the year Other increase Disposed, sold Other decrease Ending balance Net book value As at beginning of year As at year end Land use rights Publishing rights Copyrights, patents ... Others Total
() ()
() ()
() ()
() ()
() ()
() ()
() ()
() ()
() ()
() ()
() ()
() ()
* Disclosures and other explanations: 11. Construction in progress Ending balance ... ... ... ... Beginning balance ... ... ... ...
Construction in progress of which, large projects: + Project .. + Project.. +.
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12. Increase/decrease in investment properties Items Cost Land use rights Buildings Buildings and land use rights Infrastructure Accumulated depreciation Land use rights Buildings Buildings and land use rights Infrastructure Net book value Land use rights Buildings Buildings and land use rights Infrastructure * Disclosures and other explanations: -.............. 13. Other long-term investments Currency: Ending balance Stocks Bonds Treasury bills, term bills Long-term loans Others TOTAL 14. Long-term prepaid expenses Currency: Ending balance Beginning balance Prepaid operating lease Establishment costs Research costs of large value Costs for development period not meeting recognition criteria for intangible fixed assets TOTAL Beginning balance Beginning balance Additions Decreases Ending balance
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15.
Short-term loans and borrowings Currency: Ending balance Short-term loans Current portion of long-term loans and debts TOTAL Beginning balance
16.
Statutory obligations Currency: Ending balance VAT payable Special sales tax Import/export duties Enterprise income tax Personal income tax Natural resource tax Property tax and land rental Other taxes Other fees and obligations TOTAL Beginning balance
17.
Accrued expenses Currency: Ending balance Accrued annual leave Accrual for fixed asset overhaul Costs incurred during business disruption TOTAL Beginning balance
18.
Other payables Currency: Ending balance Surplus asset awaiting resolution Trade union fee Social insurance Health insurance Equitisation-related payables Deposits received Deferred revenues Others Beginning balance
36
TOTAL
37
19.
Long-term related-party payables Currency: Ending balance Long-term related-party loans Others TOTAL Beginning balance
20.
Long-term loans and debts Currency: Ending balance a. Long-term loans Loans from banks Loans from other parties Unissued bonds b. Long-term debts Finance leases Other long-term debts TOTAL c. Finance lease obligations Currency: Current year Total lease payment s Finance charges Lease liabilities Total lease payment s Previous year Finance charges Lease liabilities Beginning balance
Term Less than 1 year From 1-5 years More than 5 years 21.
Deferred tax assets and deferred tax liabilities a. Deferred tax assets Currency: Ending balance Deferred tax assets relating to deductible temporary differences Deferred tax assets relating to unused tax losses Deferred tax assets relating to unused tax incentives Reversal of deferred tax assets recognised for previous years Deferred tax assets Beginning balance
38
Unofficial translation
b. Deferred tax liabilities Currency: Ending balance Deferred tax liabilities from temporary taxable differences Deferred tax assets relating to unused tax losses Reversal of deferred tax liabilities recognised for previous years Deferred tax liabilities 22. Owners Equity a. Comparison schedule for changes in Owners Equity Currency: ContriOther buted funds Foreign legal belongin Asset exchang capital g to revaluae [share Share Owners Treasury tion differenc capital] prem-um Equity stocks reserves es A Previous year: Beginning balance Increase in capital Profit for the year Other increase Decrease in capital Loss for the year Other decrease Ending balance Current year: Beginning balance Increase in capital Profit for the year Other increase Decrease in capital Loss for the year Other decrease 1 2 3 4 5 6 Beginning balance
Funds for capital expendit ure 7 8
39
Unofficial translation Ending balance
40
b. Contributed legal capital [share capital] Currency: Ending balance Assigned by Government Contributed by other parties TOTAL Beginning balance
* Value of bonds converted into stocks in the year * Number of treasury stocks c. Capital transactions with owners and distribution of dividends, profits Currency: Current year Contributed capital Beginning balance Increase Decrease Ending balance Dividends paid/Profits distributed d. Dividends Currency: Current year Dividends declared after balance sheet date Dividends on ordinary shares Dividends on preference shares Accumulated dividends preference shares not yet recognised e. Shares Currency: Ending balance Authorized shares Issued and paid-up shares Ordinary shares Preferrence shares Shares repurchased Ordinary shares Preferrence shares Shares in circulation Ordinary shares Preferrence shares Beginning balance Previous year Previous year
/opt/scribd/conversion/tmp/scratch6419/74874952.doc
41
* Total par value of shares in circulation: e. The Enterprises funds Currency: Current year Business investment and development fund Financial reserve fund Other funds belonging to owners equity * Purposes of provisioning for, and use of, the enterprises funds f. Income, expenses, gains or losses are recognised in Owners Equity under the applicable accounting standards. Previous year
23.
Subsidised fund
Currency: Current year Subsidised fund received in the year Disbursements from subsidised fund Ending balance Previous year
24. Assets under operating leases Currency: Ending balance (1) At cost Fixed assets Others (2) Total minimum future finance lease rentals under uncancellable operating leases Within 1 year From 1 to 5 years More than 5 years Beginning balance
42
VI. 25.
Additional information for the items disclosed in the Income Statement Revenues from sales of goods and rendering of services (Code 1) Currency: Current year Gross revenues Of which: Sales of goods Revenue from services Revenue from construction contracts (applied for construction companies) Revenue recognised for the year Total accumulated revenue as at the date of the financial statements Previous year
26.
Deductions from revenues [Less] (Code 2) Currency: Current year Trade discounts Sales allowances Sales returns VAT payables (under Direct Method) Special Sales Tax Export duties Previous year
27.
Net revenues from sale of goods and rendering of services (Code 10) Currency: Current year Of which: Net revenues from exchange of goods Net revenues from exchange of services Previous year
28.
Cost of goods sold and services rendered (Code 11) Currency: Current year Cost of merchandised sold Cost of finished goods sold Cost of services rendered Net book value, disposal costs for sold investment properties Costs for operation of investment properties Shortage, deficits of inventory Inefficient production costs Provision for obsolete inventories TOTAL Previous year
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29.
Income from financial activities (Code 21) Currency: Current year Interest income Gains from investments in bonds, notes and treasury bills Dividends earned, profits distributed Gains from sale of foreign currencies Realised foreign exchange gains Unrealised foreign exchange gains Interest from credit sales Other financial income TOTAL Previous year
30.
Expenses from finanical activities (Code 22) Currency: Current year Loan interests Payment discounts Loss from disposal/ sale of investments Loss from sale of foreign currencies Realised foreign exchange losses Unrealised foreign exchange loss Provisions for diminution in value of investments Other financial expenses TOTAL Previous year
31.
Current EIT expenses (Code 51) Currency: Current year EIT expenses charged on current taxable income Reconciliation of previous-year EIT expenses to current EIT expenses Total current EIT expenses TOTAL Previous year
32.
Deferred EIT expenses (Code 52) Currency: Current year Deferred EIT expenses incurred in taxable temporary differences Deferred EIT expenses incurred in reversal of deferred tax assets Income from deferred EIT arising from unused tax losses and tax incentives Income from deferred EIT arising from reversal of deferred tax liabilities Total deferred EIT expenses Previous year
44
33.
Production and operating costs Currency: Current year Raw materials Labour costs Depreciation expenses Expenses for external services Other expenses TOTAL Previous year
VII. 34.
Additional disclosures for the items included in the Cash Flow Statement Non-cash transactions that affect the CFS and cash amounts held by the Enterprise but unused a. Acquisition of assets by accepting liabilities directly related with, or through, finance leases Currency: Current year Corporate acquisitions through issued shares Debts converted into owners equity b. Acquisition and liquidation of subsidiaries or other business units in the reporting period Currency: Current year Previous year Previous year
Total value of acquisition or liquidation Amounts paid in cash and cash equivalents Amounts of cash and cash equivalents actually held in subsidiaries or in other business units that are acquired or liquidated Value of non-cash and non-cash equivalent assets and liabilities held in subsidiaries or other business units that are acquired or liquidated in the reporting period
c. Amounts of, and reasons for, cash and cash equivalents held but unused by the enterprise due to legal limitations or ties to be complied by the enterprise
45
VIII.
Other information 1. Contingent liabilities, commitments and other financial information 2. Events after the balance sheet date 3. Related-party disclosures 4. Disclose assets, revenues, results of operation by business segments (or by lines of business, by geographical areas) under VAS 28 Business Segment Reporting (2) 5. Comparative information (changes in disclosures included in previous-year financial statements). 6. Going concern 7. Other information
Prepared on [dd] [mm] [yy] Preparer (signature & full name) NB: Chief Accountant (signature & full name) Managing Director (signature, full name & seal)
(1) Those items without figures may not be presented but shall not be re-numbered of items and
Codes. (2) Applicable to listed companies. (3) The enterprise may disclose other information if deeming it necessary to users of financial statements. B. (1) LISTING AND TEMPLATES OF INTERIM FINANCIAL STATEMENTS Listing of interim financial statements (full type) - Interim B/S (full type) - Interim I/S (full type) - Interim CFS (full type) - Notes to the selective financial statements (2) Templates of financial statements (full type) Form B 01a DN Form B 02a DN Form B 03a DN Form B 09a DN
46
1.
Interim Balance Sheet (full type) Form B 01 - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister)
INTERIM BALANCE SHEET (full type) For quarter year as at [dd] [mm] [yy] Currency: Notes ASSETS 1 A. CURRENT ASSETS (100 = 110 + 120 + 130 + 140 + 150) I. Cash and cash equivalents 1. Cash (*) Code s 2 100 110 111 3 Ending balance (3) 4 Beginning balance (3) 5
NB: (*) The items and codes in this report are similar to those of Annual B/S Form B 01-DN. Prepared on [dd] [mm] [yy] Preparer (signature & fullname) Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
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2.
Interim Income Statement (full type) Form B 02a - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister)
INTERIM INCOME STATEMENT (full type) Quarter year Currency: ITEMS Codes Notes Quarter Accumulated from beginning of year to current quarter-end Current year 6 Previous year 7
1 1. Revenues from sale of goods and rendering of services (*) 3. Interim Cash Flow Statement (full type) Reporting entity: Address:
Current year 4
Previous year 5
Form B 03a - DN (issued per Decision 15/2006/QD-BTC of 20 March INTERIM CASH FLOW STATEMENT (full type) (as per Direct Method) Quarter year Currency: Codes Notes Accumulated from beginning of year to current quarter-end Current y e a r Previous y e a r 5
ITEMS
1 I. CASH FLOWS FROM OPERATING ACTIVITIES
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Unofficial translation 1. Revenues from sale of goods and rendering of services 2. Payments for goods/services provider (*) 01 02
NB: (*) The items and codes in this report are similar to those of Annual CFS Form B 03-DN Prepared on [dd] [mm] [yy] Preparer (signature & fullname) Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
Form B 03a - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister) INTERIM CASH FLOW STATEMENT (full type) (as per Indirect Method) Quarter year Currency: Codes Notes Accumulated from beginning of year to current quarter-end Current y e a r Previous y e a r 5
ITEMS
1 I. CASH FLOWS FROM OPERATING ACTIVITIES 1. Profit before tax 2. Adjustments for: - Depreciation and amortisation (*) 01 02
NB: (*) The items and codes in this report are similar to those of Annual CFS Form B 03-DN Prepared on [dd] [mm] [yy] Preparer (signature & fullname) Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
49
4.
Notes to the Selective Financial Statements Form B 09a - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister) NOTES TO THE SELECTIVE FINANCIAL STATEMENTS For Quarter Year
I.
Corporate information 1. Forms of ownership 2. Lines of business 3. Business operations 4. The enterprises business operations in the financial year that have influence on the financial statements.
II.
Accounting period and Reporting Currency 1. The Enterprises fiscal year starts on and ends on 2. Reporting currency.
III.
Accounting standards and accounting system adopted at the Enterprise 1. Applicable accounting policies 2. Statement of the compliance with the applicable Accounting Standards and Accounting System 3. Registered supporting Documentation system.
IV.
Applicable Accounting Policies
The enterprise shall make a statement that atest interim financial statements and annual financial statements are prepared based on similar accounting policies. In case of any changes, they shall be described and their influence shall be disclosed. V. Significant events or transactions in the interim accounting period 1. Explanations on seasonality or cyclicality of the business operations during the interim accounting period. 2. Disclosures of the nature and amounts of the items affecting assets, liabilities, owners equity, net income, or cash flows which are deemed abnormal due to their nature, size or effect. 3. Disclosures of movements in owners equity and accumulated balances as at the interim financial statement date as well as respective notes of comparableness of the same accounting period of the latest previous fiscal year.
50
Unofficial translation 4. Nature and amounts of changes in accounting estimates reported in previous interim report of current fiscal year, or changes in acounting estimates reported in previous fiscal years if such changes have material effect on current accounting period. 5. Disclosures on issuance, repurchase and redemption of debt securities and equities. 6. Paid dividends (total dividends or dividend per share) for ordinary shares and preference shares (applicable to JSCs). 7. Disclosures on revenues and results of operation of segments by lines of business or by geographical areas based on breakdown of segmental reports (applicable to listed companies). 8. Disclosures on key events subsequent to the closing date of interim accounting period which have not been reported in those interim financial statements. 9. Disclosures on changes in contingent liabilities or contingent assets since the closing date of latest fiscal year. 10. Other information. Prepared on [dd] [mm] [yy] Preparer (signature & fullname) Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
(3) Listing of interim financial statements (abbreviated type) - Interim B/S (abbreviated type) - Interim I/S (abbreviated type) - Interim CFS (abbreviated type) - Notes to the Selective Financial Statements Form B 01b DN Form B 02b DN Form B 03b DN Form B 09a DN
(4) Templates of interim financial statements (abbreviated type)
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1.
Interm B/S (abbreviated type) Form B 01b - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister) INTERM BALANCE SHEET as at [dd] [mm] [yy] Currency: Notes Ending balance 4 Beginning balance 5
ASSETS 1 A. CURRENT ASSETS (100 = 110 + 120 + 130 + 140 + 150) I. II. III. IV. V. B. I. II. III. IV. V. Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets NON-CURRENT ASSETS (200 = 210 + 220 + 240 + 250 + 260) Long-term receivables Fixed assets Investment properties Long-term investments Other non-current assets
Code s 2 100 110 120 130 140 150 200 210 220 240 250 260 270 3
TOTAL ASSETS (270 = 100 + 200)
Currency: Notes RESOURCES 1 A. LIABILITIES (300 = 310 + 320 + 330) I. Current liabilities II. Long-term liabilities B. OWNERS EQUITY (400 = 410 + 430) I. Capital II. Other capital, funds TOTAL LIABILITIES AND OWNERS EQUITY (440 = 300 + 400) Code s 2 300 310 330 400 410 430 440 3 Ending balance 4 Beginning balance 5
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Prepared on [dd] [mm] [yy] Preparer (signature & fullname) 2. Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
Interim Income Statement (Abbreviated type) Form B 02b - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister)
INTERIM INCOME STATEMENT (abbreviated type) for Quarter year Currency: ITEMS Codes Notes Quarter Accumulated from beginning of year to current quarter-end Current year 6 Previous year 7
1 1. Revenues from sale of goods and rendering of services 2. Less 3. Accounting profit before tax 4. Net profit after tax
2 01 31 50 60
Current year 4
Previou s year 5
Prepared on [dd] [mm] [yy] Preparer (signature & fullname) Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
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3.
Interim Cash Flow Statement (abbreviated type) Form B 03b - DN (issued per Decision 15/2006/QD-BTC of 20 March 2006 by the Finance Minister) CASH FLOW STATEMENT (abbreviated type) For quarter year Currency: Codes Notes Accumulated from beginning of year to current quarter-end Current y e a r Previous y e a r 5
ITEMS
1 1. Net cash inflows (outflows) from operating activities 2. Net cash inflows (outflows) from investing activities 3. Net cash inflows (outflows) from financing activities 4. Net cash inflows (outflows) 5. Cash and cash equivalents at the beginning of the period 6. Impact of exchange rate fluctuation 7. Cash and cash equivalents at the end of the period (70 = 50+60+61) 20 30 40 50 60 61 62
Prepared on [dd] [mm] [yy] Preparer (signature & fullname) 4. Chief Accountant (signature & fullname) Managing Director (signature, fullname & seal)
Notes to the Selective Financial Statements (Use Form B09a-DN)
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PART THREE CORPORATE SUPPORTING DOCUMENTATION SYSTEM

I. 1. General Elements and templates of supporting documentation
The supporting Documentation applicable to enterprises shall comply with the elements and methods of preparing and signing it stipulated in the Law on Accounting and Decree 129/2004/ND-CP issued by the Government on 31 May 2004 in other related legal documents and in the stipulations included in the system as described in this part. Those enterprises adopting specific economic and financial transactions which are not included in the listing and temples of supporting documentation in this accounting system shall follow the requirements for supporting documentation as stated in separate accounting systems and in other legal documents, or they shall be approved by the MoF regarding this issue. 2. Templates of supporting documentation
The templates of supporting documentation applicable to enterprises include the following: The supporting documentation issued under this Corporate Supporting Documentation System is comprised of 5 key items:
Labour Payroll Inventory Sales Cash Fixed Assets
The supporting documentation issued under other legal documents (Templates and instructions on preparation shall match those of such issued legal documents.) 3. Preparation of supporting documentation
All the transactions arising in connection with the enterprise shall be prepared supporting documentation. The supporting documentation shall be prepared once for one transaction. Its elements shall include all items and be clear and true with the those of the transaction. The handwriting on the supporting documentation shall be clear and shall not be erased, crossed out or abbreviated. Amounts written in words shall match those written in figures. The supporting documentation shall be prepared adequate required number of sheets applied to each piece of supporting documentation. For supporting documentation of multiple sheets, they shall be prepared once for all sheets with the same elements which are computerised, typewritten or carbonpaper written. For special cases in which multiple sheets must be prepared but cannot be written once for all sheets, they may be written in two folds, but consistency in the elements and legality of all sheets shall be assured.
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4.
Signing of supporting documentation
All supporting documentation shall be valid once they comprise of adequate signatures matching the titles required for them. For electronic supporting documentation, they shall include electronic signatures in accordance with the law. All the signatures shall be signed with ball-point pens or pens and shall not be signed in red ink or with pencils. Signatures shall be infixed on each sheet of the supporting documentation for payment purposes. The signature infixed by a person on the supporting documentation shall be consistent with and similar to the required registered signature and where the signature is not registered, the later signature shall match the former one. At those enterprises where there are no available chief accountants, they shall nominate accountant-incharge to work with clients, banks and in this case, the signature of the chief accountant shall be replaced by that of the accountant-in-charge of that entity. The accountant-in-charge shall fulfil the duties and powers assigned to the chief accountant. The signatures of the corporate leader, i.e. the Director-General, Managing Director or the authorised person, and of the chief accountant (or the authorised person) and the companys seal stamped on the supporting documentation shall match the effective specimen seal and signatures as registered at banks. The accountants signature stamped on the supporting documentation shall resemble the one that has been registered with the chief accountant. The chief accountant (or the authorised person) shall not sign by order of the corporate leader. The authorised person shall not re-authorise the others. The enterprise shall open a register for specimen signatures of the cashier, warehouse keeper, accountants, chief accountant (and the authorised person), Director-General (and the authorised person). The register for specimen signatures shall be paged, stamped of marginal seal, and monitored by the corporate leader (or by the authorised person) for convenient checking when it is necessary. Each person shall sign three (3) specimen signatures on the register. The persons who are competent or authorised to sign the supporting documentation shall not do so if not filling the required elements or if filling inadequate elements on those supporting documentation in accordance with the signers responsibilities. The segregated signing on the supporting documentation which is decided by the Director-General (Managing Director) shall comply with the law, and managerial requirements and assure strict control and safegarding of the enterprises assets. 5. Steps to circulate and verify supporting documentation
All the supporting documentation prepared by the enterprise or sent in by external parties shall be collected and forwarded to the accounting function. The accounting function shall first check its elements and verify its legality before posting to the books of account. Steps to circulate the supporting documentation include the following: Preparing, accepting, and proceeding the supporting documentation, Verifying and signing the supporting documentation, or submitting to the Managing Director for approval done by the accountants and chief accountant, Sorting and arranging supporting documentation; finalising the accounts; and posting entries to the books of account, and Filing and maintaining the supporting documentation. Steps to verify the supporting documentation Verifying clarity, integrity, and completeness of the items and elements written in the supporting documentation, Verifying lawfulness of the written transactions, and reconciling them to other relevant materials,
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Verifying accuracy of the figures and information recorded in the supporting documentation, On the verification of the supporting documentation breaches of policies, regime, stipulations on if economic and financial management laid down by the Government, such supporting documentation shall be rejected (non-disbursement of cash, non-payment, non-issuance of inventory) and reported to the Managing Director for timely handling under current law. For the supporting documentation which are improper in terms of procedures, elements and figures, i.e. unclear, the person in charge of verifying or posting entries shall return and shall request further additional procedures, and relevant adjustments to such supporting documentation prior to using it as the underlying input for posting to the books of account. 6. Translation of supporting documentation into Vietnamese
The supporting documentation in foreign languages shall be translated into Vietnamese when used for recording the books of account. For those pieces of supporting documentation which seldom arise or arise in many times but whose elements are dissimilar, they shall be totally translated. For those pieces of supporting documentation which arise in many times and whose elements are similar, full translation shall be done for first pieces only and translation of such key elements as their title, preparing entity and individuals, recipient entity and individuals, their economic elements, titles of signers, etc. shall be required for second or next pieces onwards. The translator for such pieces of supporting documentation shall sign, write his/her full name and be responsible for the Vietnamese elements. The Vietnamese pieces shall be attached with the accompanying ones in foreign languages. 7. Using, monitoring, printing and circulating templates of supporting documentation All enterprises shall uniformly adopt the templates of supporting documentation as specified in this accounting system. In the course of their implementation, enterprises shall not revise the compulsory templates. The printed templates shall be maintained carefully and shall not be left damaged, rotten. Cheques and valuable papers shall be monitored as cash. The compulsory templates shall be printed and published by the MOF or by its authorised entities. The authorised entities shall print the exact specified templates, and permitted print for each types of supporting documentation and shall comply with the provisions on the management of forms/templates issued by the MOF. For the templates of instructive supporting documentation, enterprises may buy or design by themselves, but they shall assure key elements of the supporting documentation as stated in Article 17 of the Law on Accounting. 8. Those enterprises using electronic supporting documentation in economic and financial activities and in recording the books of account shall conform to the stipulations in the relevant legal documents on this type of supporting documentation.
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II. NO
LISTING OF SUPPORTING DOCUMENTATION DOCUMENTATION TITLES DOCUMENTATION CODE NATURE Required (*) A/SUPPORTING DOCUMENTATION ISSUED AS PER THIS DECISION I/ LabourPayroll Time sheet Overtime sheet Pay Sheet Bonus Pay Sheet Travel Warrant Confirmation of Finished Goods or Completed Work Overtime Pay Sheet External Service Fee Payment Sheet Lump-sum Work Contract Minutes of Liquidation (Sign-off) of SLump-sum Work Contract Salary-related Accrual Schedule Salary and Social Insurance Allocation Schedule II/ Inventory Inventory Receipt Sheet Inventory Issue Sheet Minutes of Materials, Tools, Products and Goods Testing Ending Materials Note Minutes of Materials, Tools, Products and Goods Inventory Purchases Schedule Raw Materials and Tools Schedule III/ Sales Schedule of Payment for Goods Held On Consignment Selling-Counter Card IV/ Cash Receipt Voucher Payment Voucher Advance Request Advance Repayment Sheet Request for Payment Cash Receipt Schedule of Gold, Silver, Precious Meals, Gestones Cash Count Sheet (VND) Cash Count Sheet (Foreign currencies, gold, silver, etc.) Cash Disbursement Schedule V/ Fixed Assets Instructive (*)
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 1 2 1 2 3 4 5 6 7 8 9 10
01a-LDTL 01b-LDTL 02-LDTL 03-LDTL 04-LDTL 05-LDTL 06-LDTL 07-LDTL 08-LDTL 09-LDTL 10-LDTL 11-LDTL 01-VT 02-VT 03-VT 04-VT 05-VT 06-VT 07-VT 01-BH 02-BH 01-TT 02-TT 03-TT 04-TT 05-TT 06-TT 07-TT 08a-TT 08b-TT 09-TT x x
x x x x x x x x x x x x x x x x x x x x x
x x x x x x x x
58
1 2 3 4 5 6
Fixed Asset Receipt-Issue Minutes Fixed Asset Disposal Minutes Minutes of Completed Overhauled Fixed Assets Fixed Asset Revaluation Minutes Fixed Asset Inventory Minutes Fixed Asset Calculation and Allocation Schedule
01-TSCD 02-TSCD 03-TSCD 04-TSCD 05-TSCD 06-TSCD
x x x x x x
B/ SUPPORTING DOCUMENTATION ISSUED AS PER OTHER LEGAL DOCUMENTS 1 2 3 4 5 6 7 8 9 Certificate of Social Insurance Paid Sick Leave Listing of Leave Takers with Paid Sickness- and Maternity-Related Allowances Value Added Tax Invoice Sales Invoice Inventory Issue cum Internal Transportation Sheet On-consignment Goods Issue Sheet Finance Leasing Invoice Schedule of Purchases without Invoices .......................... x x 01GTKT-3LL 02GTGT-3LL 03 PXK-3LL 04 HDL-3LL 05 TTC-LL 04/GTGT x x x x x x
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PART FOUR BOOKS OF ACCOUNT & FORMS OF ACCOUNTING

I. 1. GENERAL Books of account
The books of account are used to record, systematise and maintain all financial and economic arising transactions by nature and chronological order relating to the enterprise. The enterprise shall comply with the provisions on the books of account included in the Accounting Law, Decree 129/2004/ND-CP issued by the Government providing details and guidance on the execution of several articles of the Accounting Law in business operations, guidelines on the Accounting Law and this accounting system. 2. Types of Books of Account
Each enterprise shall have only one set of books of account for a fiscal year. The books of account include ledgers and sub-ledgers [so ke toan chi tiet]. Ledgers, including Journals and General Ledger. Control accounts, including sub-ledgers and detailed accounting cards The Government provides statutory requirements for formats, elements and method of recording for Ledgers and Journals, and instructive requirements for sub-ledgers and detailed accounting cards. 2.1 Ledgers
1. A Journal is used to record the transactions arising in each accounting period and in a fiscal year by chronological order and corresponding relationships between accounts for such transactions. The figures in the Journal shall show the total amounts in the Debit or Credit side of all the accounts used at the enterprise. The Journal shall reflect the following elements in full:
Date of entries, Account code and date of the accounting documentation for underlying Summarised elements of the transactions, Amounts of the transactions,
entries,
2. A General Ledger is used to record the transactions arising in each accounting period and in a fiscal year by the accounts stipulated in the chart of accounts applicable to the enterprise. The figures in the General Ledger generally show the assets, liabilities, owners equity, and results of operation generated by the enterprise. The General Ledger shall reflect the following elements in full:
Date of entries, Account code and date of the supporting documentation for underlying Summarised elements of the transactions, Amounts of the transactions.
entries,
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2.2
Sub-ledgers and detailed accounting cards
Sub-ledgers are used to record all the transactions relating to the objects of accounting that require detailed monitoring by managerial requirements. The figures in the sub-ledgers shall provide the information intended for the management of individual types of asset, capital, revenue and expense unshown in the journals and General Ledger. The number and compsition of the sub-ledgers are optional. Enterprises base on the Governments instructive requirements for sub-ledgers, and their managerial requirements to open necessary and appropriate sub-ledgers. 3. Books of account
Each accounting entity has a sole official set of books of account for a fiscal year. The enterprise shall base on its chart of account, and its managerial requirements to open necessary general and subledgers adequately. 4. Responsibilities of book-keepers
The books of account shall be strictly controlled and the responsibilities of the persons who keep the accounts shall be clearly segregated. For those staff ho are assgiend to keep the books of account, they shall be responsible for the details recored in the books of account nad for the maintaining of such during their use. Upon the replacement of the book-keepers, the chief accountant shall organise the hand-over of the responsibilities for monitoring and posting entries between the former and new book-keepers. The minutes of the hand-over shall be signed by the chief accountant. 5. Manual or computerised entries
Accounting entities are allowed to make manual or computerised entries. For manual entries, one of the forms of accounting and of books-of-account formats shall be followed. Accounting entities shall open further sub-ledgers basing on their managerial requirements. For computerised entries, the enterprise is optional to acquire or self-develop appropriate computerised forms of accounting. The applicable computerised forms of accounting shall meet the following requirements:
Necessary ledgers and sub-ledgers shall be adequate to meet the accounting requirements in accordance with the rules. The ledgers shall carry complete elements in accordance with the required Policy on the Books of Account.
The accounting entities shall comply with the stipulations on opening, posting entries to, closing and correcting the books of account in accordance with the Accounting Law; the instructive documents on the execution of the Accounting Law and the requirements as stated in this accounting system.
The enterprise shall base on the criterion [specifications] and conditions of the accounting software specified by the MOF in Circular 103/2005/TT-BTC issued on 24 November 2005 to select the appropriate software in accordance with the managerial requirements and conditions at the enterprise.
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6. 6.1
Opening and posting entries to the books of account Opening of books of account
The books of account shall be opened at the start of the financial year. For start-up enterprises, the books of account shall be opened since the date of their establishment. The representative at law and the chief accountant of the enterprise shall be responsible for approving manual books of account prior to use or for approving the official books of account after print-outs thereof. The books of account shall be used in printed or lined formats, may be bound in volumes, or may be kept in separate sheets. Used separate sheets shall be bound in volumes for filing. Prior to the use of the books of account, the following procedures shall be completed first: For volume-type books of account The first page of the books of account shall include the enterprises name; title of books of account ; date of opening; accounting period and period of recording [ky ghi so]; full names and signatures of the bookkeeper, chief accountant and representative at law; the closing date of the recording of the books of account, or the date of hand-over to the others. The books of account shall be paged from the first to the last pages and the accounting entitys seal shall be marginally infixed on two consecutive pages. For loose-sheet books of account The enterprises name, ordinal number of each sheet, name of books of account, month of use, and full name of the book-keeper shall be clearly written on the cover of books of account. The loose sheets, prior to their use, shall be duly signed and sealed by the enterprises Managing Director or by the authorised person and recorded in the register of loose-sheet books of account. The loose-sheet books of account shall be arranged in the order of the accounts and safety and easy search shall be assured. 6.2 Posting of entries
The posting of entries shall be necessarily based on proper supporting documentation. All the figures recorded in the books of account shall be evidenced by lawful and valid supporting documentation. 6.3 Closing of books of account
At the end of the accounting period, closing of the books of account shall be made prior to the preparation of the financial statements. In addition, the closing of the books of account shall be done for inventory instances or others in accordance with the law. 7. Correcting of books of account
7.1 On the detection of any errors in the manual books of account arising out of th eposting of entries, misrecorded information or figures shall not be erased causing lost trails but corrected by one of the following methods: (1) Method of Rectifying This method is used to rectify errors by striking erroneous parts through, but conspicuousness of such shall be assured. Above the strike-through parts, the corrected fiures or words shall be recorded in normal ink and the signatures of the chief accountant or the accountant-in-chief shall be infixed next to the corrected parts. This method shall be applied to the following cases: -
Errors in descriptions irrelevant to the corresponding relationship between the accounts. Errors that do not affect total amounts.
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Unofficial translation (2) Method of Negatives Recording (also, Red-inking Method) This method is used to correct the errors by rewriting the misrecorded entries in red ink or in parentheses to cancel them and by rewriting the correct entries in normal ink for alteration. This method shall be applied to the following cases:
Errors in corresponding relationship between the accounts due to misfinalisation of the accounts which have been recorded but which cannot be corrected by the Method of Rectifying, or Errors have been detected after the filing of the financial statements to competent authorities.
In these cases, the errors shall be prospectively corrected to the books of account for the year in which they are detected or shall be retrospectively corrected in accordance with VAS 29 Changes in Accounting Policies, Estimates and Errors. - Errors where the entries in the accounts carry repeated amounts, or where the misrecorded amounts are higher than the correct ones. On using the Method of Negatives Recording to rectify the wrong parts, Rectified Supporting Documentation shall be prepared and signed by the chief accountant or the accountant-in-charge. (3) Method of Supplementary Recording This method is applied to cases where the corresponding relationship between the accounts is correctly recorded but where the recorded amounts are lower than the ones included in the supporting documentation, or where the amounts written on the supporting documentation are missed or are not fully added. Corrections under this method shall be accompanied by Supporting Documentation for Supplementary Recording for recording the deficit differences against those of the supporting documentation. 7.2 Corrections made to computerised accounting records
(1) On detecting any errors prior to the filing of the annual financial statements of a specific financial year to competent authorities, corrections shall be directly made the computerised accounting records for that year. (2) On detecting any errors after the filing of the annual financial statements of a specific financial year to competent authorities, corrections shall be directly made the computerised accounting records for the year where errors have been detected and notes shall be taken on the last line of the accounting records for the year of such errors. (3) Corrections in the course of maintaining the computerised accounting records shall be made under the Method of Negatives Recording or the Method of Supplementary Recording. 7.3 On the approval of the annual finalisation reports or at the completion of inspections and audits with available official conclusions, if decisions on required corrections of the figures in the financial statements relating to those of accounting records are rendered, the entity shall correct its accounting records and balances of associated accounts accordingly under the prescribed methods. Corrections shall be directly made to the accounting records for the year where errors have been detected and notes thereof shall be taken to the last page (last line) of the accounting records for the previous year of errors errors arising from the financial statements filed to competent authorities are found out easy if for reference and monitoring.
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8.
Adjusting of the accounting records
Where the enterprise exercises retrospective adoption due to changes in accounting policies and makes retrospective adjustments due to the detected material errors arising from the previous year under the requirements of VAS 29 Changes in Accounting Policies, Estimates and Errors, the accountant shall revise beginning balances of respective accounts in the ledgers and sub-ledgers. 9. Forms of Accounting Records
(1) The enterprise is allowed to adopt one of the following five forms of accounting records: General Journal Journal Ledger Voucher Journal General Journal Voucher Computerised Accounting Records
For each form of accounting records, there are specific on the number, composition, format, methods of recording, and relationship between accounting records. (2) The enterprise shall base on the size, business operations, managerial requirements, expertise of accountants, calculation-related facilities, selection of an appropriate form of accounting records, and compliance with the requirements applicable to respective accounting records, e.g. types, structure, cross-reference and -check relationship, order [steps], and methods of recording. II. 1. 1.1 FORMS OF ACCOUNTING RECORDS General Journal Principles, basic features
The basic features of the General Journal are that all the transactions shall be recorded in journals, of which the General Journal is the key one, by their chronological order and by their nature, i.e. finalisation of the accounts. Afterwards, figures in the journals shall be employed to record in the General Ledger by transactions. - General Journal, Special Journals - General Ledger - Sub-ledgers, detailed accounting cards 1.2 Steps to record under the General Journal
(1) Daily, as per verified supporting documentation underlying the recording, the accountant shall first record the transactions in the General Journal and then base on those recorded figures to post to appropriate accounts in the General Ledger. If the entity opens sub-ledgers and detailed accounting cards, the transactions shall be, at the same time, recorded both in the General Journal and in the associated sub-ledgers and detailed accounting cards. Where the entity opens Special Journals, daily, it shall base on the supporting documentation underlying the recording to post the transactions in the related Special Journals. Periodically every 3, 5, 10, etc. days at the end of a month, the entity shall, subject to volume of transactions, obtain figures from each or Special Journal to record in appropriate accounts in the General Ledger after elimination of repeated figures has been done as a transaction is simultaneously recorded in multiple Special Journals, if any. (2) At the end of each month, each quarter or each year, the figures in the General Ledger shall be totalled to prepare the Trial Balance.
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After being verified of matching factor, the figures in the General Ledger and summary of details (prepared based on sub-ledgers and detailed accounting cards) shall be employed to prepare the financial statements. In principle, the Total Amounts of the Debit side and Credit side in the Trial Balance shall equal those of the Debit side and Credit side in the General Journal (or in the General Journal and Special Journals after elimination of any repeated figures in the Special Journals) for the same period. Diagram 1 STEPS TO MAINTAIN ACCOUNTING RECORDS UNDER GENERAL JOURNAL SYSTEM
Supporting documentation
Special Journal
GENERAL JOURNAL
Sub-ledgers & detailed accounting cards
GENERAL LEDGER
Summary of details
Trial Balance
FINANCIAL STATEMENTS
NB: Daily recording Month-end or periodical recording Reconciling and verifying relationship
65
2. 2.1
JournalLedger Basic features
The basic features of the General Journal are that all the transactions shall be recorded a sole ledger, i.e. the Journal-Ledger, by their chronological order and by their nature (by accounts). Supporting documentation or the Summary of Similar Supporting Documentation shall underlie the recording of the transactions in the Journal-Ledger. 2.2 Steps to record under the Journal-Ledger (Form 02)
(1) Daily, as per verified supporting documentation or Summary of Similar Supporting Documentation underlying the recording, the accountant shall first determine Debit accounts or Credit accounts to post to the Journal Ledger. The figures of each supporting documentation (or of the Summary of Similar Supporting Documentation) shall be recorded in the same line of both Journal section and Ledger section. The Summary of Similar Supporting Documentation shall be prepared for similar supporting documentation (payment voucher, receipt voucher, issuance sheet, receipt sheet, etc.) that arise in many times in the same day or in every 1 to 3 days. The supporting documentation and Summary of Similar Supporting Documentation, after posted to the Journal Ledger, are used to record in the related sub-ledgers, detailed accounting cards. (2) At the end of each month, after having reflected all supporting documentation arising from a month to the Journal Ledger and to sub-ledgers, detailed accounting cards, the accountant shall add up the amounts in columns in the Journal section and in Debit and Credit columns of each account in the Ledger section to the total line of the amounts at month-end. The amounts from previous months, and amounts from the current month shal be based on to calculate the amounts accumulated from the beginning of the quarter to the current month. The balances at the beginning of the month (or quarter), and the amounts arising from the accounting month shall be based to reach the month-end (or quarter-end) balances of each account in the Journal Ledger. (3) On verifying and collating the added-up amounts at month-end (or quarter-end) in the Journal Ledger, the accoutant shall meet the following requirements: Total amount in Increase/Decrease column = Total Debit amount of all accounts = Total Credit amount of all accounts Total Debit amount of all accounts = Total Credit amount of all accounts
(4) Control accounts and detailed accounting records shall be cut off to add up the Debit amounts
and Credit amounts to reach the month-end balance of item of accounting. Cut-off figures for the related objects of accounting shall underlie the preparation of the Summary of Details for each account. The figures in the Summary shall be collated to the Debit amounts, Credit amounts and month-end balance of each account in the Journal Ledger. The figures in the Journal Ledger and in the Summary of Details, after the cut-off, shall be verified and collated and if matching or correct, they are employed to prepare the financial statements.
66
Diagram 2 STEPS TO MAINTAIN ACCOUNTING RECORDS UNDER JOURNALLEDGER SYSTEM

Cash book
Summary of similar supporting documentation
SubS, th ledgers & k ton detailed chi tit accounting cards
JOURNAL LEDGER
Summary of details
NB: Daily recording Month-end recording Reconciling & verifying
3. 3.1
Voucher Journal Basic features
Basic features of the Voucher Journal are that the direct basis underlying the recording of ledgers is the Voucher Journal. The recording of the ledgers is composed of the following:
Recording [transactions] by chronological order in the Voucher Journal Register Recording [transactions] by nature in the General Ledger.
The Voucher Journal shall be prepared by the accountant basing on individual supporting documentation or Summary of Similar Supporting Documentation. The Voucher Journal shall be marked continous code numbers for individual months or for the whole year (by ordinal numbers in the Voucher Journal Register), attached supporting documentation, and approved by the chief accountant prior to recording. The Voucher Journal form of accounting includes the following accounting records: - Voucher Journal - Voucher Journal Register - General Ledger - Sub-ledgers, detailed accounting cards
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3.2
Steps to record under the Voucher Journal [Form 02]
(1) Daily, as per verified supporting documentation or Summary of Similar Supporting Documentation
underlying the recording, the accountant shall prepare the Voucher Journal. The Voucher Journal shall underlie the recording in the Voucher Journal Register and shall be then employed for recording in the General Journal. The supporting documentation, after used as underlying input for the preparation of the Voucher Journal, shall be recored in the related sub-ledgers and detailed accounting cards.
(2) At the end of each month, cut-off shall be made to work out total amounts of the transactions arising
from the month in the Voucher Journal Register, total Debit amount, total Credit amount and balance of each account in the General Ledger. The General Ledger shall be based to prepare the Trial Balance. (3) After being verified of matching factor, the figures in the General Ledger and Summary of Details (prepared based on sub-ledgers and detailed accounting cards) shall be employed to prepare the financial statements. The verifying and reconciling relationship shall assure that total Debit amount and total Credit amount of all accounts in the Trial Balance are equal and that these amounts are equal to total amount in the Voucher Journal Register. Total Debit amount and total Credit amount of all accounts in the Trial Balance shall equal and the balance of each account in the Trial Balance shall equal that of the respective account in the Summary of Details.
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Diagram 3 STEPS TO MAINTAIN ACCOUNTING RECORDS UNDER VOUCHER JOURNAL SYSTEM

Cash book Summary of similar supporting documentation
Sub-ledgers S, th & detailed k ton accounting chi tit cards
Voucher Journal Register
JOURNAL VOUCHER
General Ledger
Summary of details
Trial Balance
4. 4.1
General Journal Voucher Basic features
Collecting and systematising the transactions by the Credit side of the accounts in combination with analysing those transactions by Debit side of their corresponding accounts. Combining the recording of the transactions by chronological order with the systematising of the transactions by nature (by accounts) in a close manner. Combining, on a broader base, the general recording with the detailed recording in the same account-book and in the same course of recording. Using templates of books of account, including printed corresponding relationship between accounts, and economic and financial ratios and preparing the financial statements.
The General Journal Voucher form of accounting includes the following accounting records: - General Journal Voucher - Schedules - General Ledger
69
4.2
Sub-ledgers and detailed accounting cards Steps to record under the General Journal Voucher (Form 04)
(1) Daily, as per verified supporting documentation, the accountant shall obtain the figures thereof to directly record in General Journal Vouchers or in related Schedules and sub-ledgers. For those types of operating expenses that are incurred in many times or that are allocable, original supporting documentation shall be first collected and categorised in allocation schedules. Then, results from those allocation schedules shall be employed to record in related Schedules and General Journal Vouchers. For General Journal Vouchers recorded based on Schedules and sub-ledgers, the total amounts in those shall be transferred to the General Journal Vouchers. (2) At the end of each month, the accountant shall conduct the cut-off; add up figures in General Journal Vouchers; verify and reconcile the figures of those General Journal Vouchers to those of related subledgers, summaries of details; and use total amounts in those General Journal Vouchers to directly record in the General Ledger. For those supporting documentation pertaining to sub-ledgers, detailed accounting cards, the accountant is allowed to directly record the data thereof in the related ones. At the end of the month, by adding up figures in sub-ledgers or detailed accounting cards and by basing on those records, the accountant shall prepare Summaries of Details by accounts to reconcile them to the General Ledger. The total amounts in the General Ledger and certain specific items in the General Journal Vouchers, Schedules and Summaries of Details shall be employed to prepare the financial statements. Diagram 4 STEPS TO MAINTAIN ACCOUNTING RECORDS UNDER GENERAL JOURNAL VOUCHER SYSTEM
Supporting documentation & Allocation schedules
Schedules
GENERAL JOURNAL VOUCHER
Sub-ledgers & detailed accounting cards
General Ledger
Summary of details
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5. 5.1
Computerised Form of Accounting Basic features
Basic features of the computerised form of accounting is that accounting work is carried out by an accounting software. The software is designed based on one of the four forms of accounting or on the combination of the above said four required forms of accounting. The software does not browse all processes of recording, but adequate account-books and financial statements shall be printed out in accordance with statutory requirements. Types of account-books of computerised form of accounting: The accounting software which is designed per which form of accounting shall have the types of accountbooks of that form of accounting but it may not be totally similar to manual account-books. 5.2 Steps to record under computerised form of accounting (Form 05)
(1) Daily, as per verified supporting documentation or Summary of Similar Supporting Documentation underlying the recording of the accounts, the accountant shall determine Debit or Credit accounts to input data in computers basing on schedules and tables which are designed in the accounting software. According to the processes of the accounting software, the information shall be automatically input in the ledgers (General Ledger or Journal Ledger, etc.) and in related sub-ledgers and related accounting cards. (2) At the end of each month (or at any necessary point of time), the accountant shall exercise cut-off (adding-up) procedures and prepare the financial statements. The reconciliation of general figures to detailed figures shall be done automatically and assured of preciseness and integrity against the information input for the period. The accountant may verify and collate figures in the books of account with those of the financial statements after the print-out of such. The required procedures shall be performed to print the financial statements in accordane with statutory requirements. At the end of each month or of each year, ledgers and sub-ledgers shall be printed out and bound in volumes. Legal procedures shall be fulfilled in accordance with the requirements for manual books of account.
71
Diagram 5 STEPS TO MAINTAIN ACCOUNTING RECORDS UNDER COMPUTERISED FORM OF ACCOUNTING
ACCOUNTING DOCUMENTATION
ACCOUNTING SOFTWARE
BOOKS OF ACCOUNT - Ledgers - Sub-legers
SUMMARY OF SIMILAR ACCOUNTING DOCUMENTATION
COMPUTERS
- Financial statements - Management accounting reports
NB: Daily data inputting Print-outs of month-end & year-end books & reports Reconciling & verifying
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III.
LIST OF BOOKS OF ACCOUNT APPLICABLE TO ENTERPRISES
Forms of Accounting No 1 01 02 03 04 05 06 07 08 09 10 11 Journal Ledger Voucher Journal Voucher Journal Register General Ledger (used for the Voucher Journal) General Journal Cash-receipts Journal Cash-payments Journal Purchases Journal Sales Journal General Ledger (used for the General Journal) General Journal Voucher, Types of General Journal Voucher, Schedules Incl. - General Journal Vouchers 1 to 10 - Schedules 1 to 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 General Ledger (used for the General Journal Voucher) Trial Balance Cash Book Cash Sub-Ledger Bank Deposits Book Raw Materials, Tools, Products And Goods Control Account Summary of Details of Raw Materials, Tools, Products And Goods Inventories Card (Inventories Book) Fixed Assets Book Use Area-Specific Fixed Assets, Tools and Supplies Register Fixed Assets Card Creditors Ledger (Debtors Ledger) Creditors Ledger (Debtors Ledger) in FC FC Payments Ledger Borrowings Ledger Sales Ledger (Debtors Ledger) Names of books of account 2 Codes 3 S01-DN S02a-DN S02b-DN S02c1-DN S02c2-DN S03a-DN S03a1-DN S03a2-DN S03a3-DN S03a4-DN S03b-DN S04-DN S04a-DN S04b-DN S05-DN S06-DN S07-DN S07a-DN S08-DN S10-DN S11-DN S12-DN S21-DN S22-DN S23-DN S31-DN S32-DN S33-DN S34-DN S35-DN x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x General Journal 4 Journal Ledger 5 x Voucher Journal 6 x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x General Journal Voucher 7 -
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Forms of Accounting No 1 Names of books of account 2 Codes 3 General Journal 4 Journal Ledger 5 Voucher Journal 6 General Journal Voucher 7
28 29 30 31 32 33 34 35 36 37 38 39 40
Operating Expenses Ledger Manufacturing Costs Card Accounts Ledger Ledger for Investments in Associates Register for Allocated Differences on Acquisition of Investments in Associates Issued Shares Ledger Treasury Stocks Ledger Securities Investment Ledger Paid-in Capital Register Capital Expenditure Book VAT Register Refunded VAT Register VAT-Exemptions Ledger Other Ledgers as per enterprises managerial requirements
S36-DN S37-DN S38-DN S41-DN S42-DN S43-DN S44-DN S45-DN S51-DN S52-DN S61-DN S62-DN S63-DN
x x x x x x x x x x x x x
The steps, methods of recording, and relationship between books of account by forms of accounting stipulated in the preceding Section II Forms of Accounting.
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Decision 15 2006 by MOF 200306 (E)

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Decision 15 2006 by MOF 200306 (E)

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MINISTRY OF FINANCE Ref: 15/2006/QD-BTC

Socialist Republic of Vietnam Independence Freedom - Happiness Hanoi, 20 March 2006

PART ONE CHART OF ACCOUNTS

II. CHART OF ACCOUNTS

ACCOUNT CODES No 1 Tier 1 2 Tier 2 3

ACCOUNT TITLES 4 ACCOUNT CATEGORY 1CURRENT ASSETS

111 1111 1112 1113

112 1121 1122 1123

Reported of details by banks

Provision for diminution in value of short-term investments Reported of details by entities

Value Added Tax (VAT) deductible 5

ACCOUNT CODES 1331 1332

136 1361 1368

139 141 142 144 151 152

153 154 155 156 1561 1562 1567

157 158 159 161

211 2111 2112 2113

ACCOUNT CATEGORY 3LIABILITIES

311 315 331

Short-term borrowings Current portion of long-term loans Trade payables

334 3341 3348

For constructors whose progress billings are made.

341 342 343 3431 3432 3433

344 347 351 352

ACCOUNT CATEGORY 4OWNERS EQUITY

Subsidy funds from state budget

4611 4621 66 466

Prior year Current year Subsidy funds forming F/As

ACCOUNT CATEGORY 5REVENUES

511 5111 5112 5113 5114 5117

Reported of details by managerial requirements

ACCOUNT CATEGORY 6OPERATING COSTS

611 6111 6112

to apply periodic method

621 622 623

631 632 635 641

ACCOUNT CATEGORY 7OTHER INCOME

Reported of details by operations

CATEGORY 8: OTHER EXPENSES

Reported of details by operations

821 8211 8212

EIT expenses Current EIT expenses Deferred EIT expenses

ACCOUNT CATEGORY 9DETERMINED RESULTS OF OPERATION

Determined results of operation

001 002 003 004 007 008

PART TWO FINANCIAL STATEMENTS

Corporate financial statements

Requirements for preparation and presentation of the financial statements

Timing for filing financial statements SOEs

For other types of enterprise

Form B01-DN Form B02-DN Form B03-DN Form B09-DN

Reporting entity: Address:

Ending balance (3) 4

Beginning balance (3) 5

V.08 () V.09 V.10 () V.11 V.12 () () () ()

V.13 () V.14 V.21 ()

V.15 V.16 V.17

V.19 V.20 V.21

Reporting entity: Address:

NB: (*) This item is applicable to joint stock companies (JSC).

Reporting entity: Address:

Reporting entity: Address: