COMPARE VIETNAMESE ACCOUNTING SYSTERM 14 (VAS 14) AND INTERNATIONAL FINANCIAL REPORTING STANDARD 15 (IFRS 15): THESE WILL BRING ADVANTAGES AND DISADVANTAGES FOR VIETNAMESE ENTERPRISES WHEN THEY ARE OFFICIALLY APPLIED IN VIETNAM
Abstract
International accounting Standards Board promulgated International
Financial Reporting Standard 15 (IFRS 15) providing guidance on accounting for
revenue from contracts with customers in May 2014 and it became effective as
from 1 January 2018. There are some similarities between IFRS 15 and VAS 14
(Vietnamese accounting system 14 – Revenue and other in come) about revenue
recognition principles but there are also some differences about steps to
determine revenue recognition, the introductions for transaction which are not
mentioned before, revenue demonstrations. These will bring advantages and
disadvantages for Vietnamese enterprises when they are officially applied in
Vietnam.
điểm /
đánh giá
Published
2020-07-21
Issue
Section
KINH TẾ-XÃ HỘI