Completing accounting loss reserves assets by Circular 200/2014 / TT-BTC

Abstract

Enterprise accounting regime was issued under Decision No. 15/2006 / QD-BTC dated 20/3/2006 of the Minister of
Finance. Over 9 years of implementation of Decision No 15/2006 / QD-BTC did not reveal much in line with practices
and international accounting standards and practices in Vietnam. To meet the requirements of economic management in
the new period, as well as promote business investment environment and international integration, dated 22.12.2014, the
Ministry of Finance issued Circular 200/2014 / TT BTC guiding the enterprise accounting regime to replace Decision
15/2006 / QD-BTC. Circular No. 200/2014 / TT-BTC of openness than the Decision 15/2006 / QD-BTC, nature guide
and appreciate nature than form. This article will analyze an aspect of the Circular, to discuss about the fact of the
accounting provision for loss of assets under Circular 200/2014 / TT-BTC and some recommendations for improvement