Some new points of the accounting system in administrative units together with the circular No. 107/2017/TT-BTC

Abstract

   In order to meet the demand for strong change in financial management in administrative units, October 10, 2007,the Minister of Finance promulgated the Accounting regulations in administrative units together with the Circular No. 107/2017/TT-BTC (Circular 107 for short) replacing the Accounting regulations in administrative units promulgated together with the FinanceMinistry's Decision No. 19/2006/QD-BTC dated March 30, 2006 and Circular No. 185/2010/TT-BTC dated November 15,2010 guiding the amendment and supplementation of the Accounting regulations in administrative units issued together with DecisionNo. 19/2006. This is a big change in the accounting regulations in administrative units with many new contents to comply with theprovisions of the 2015 Budget Law, the Accounting Law 2015 and the changes of financial management mechanism according tothe increasing self-control idea in the administrative units stipulated in Decree 16/2015.