RESEARCH SOLUTIONS TO IMPROVE THE USEFULNESS IN FINANCIAL STATEMENTS INFORMATION OF VIETNAMESE ADMINISTRATIVE ENTITIES

Abstract

In order to assess the effectiveness in the operation and public sector
management of state administrative agencies on any regional or national scale, the
leaders of those units have mainly relied on financial information which provided by
the accounting reporting system. Therefore, the usefulness of information on the
public entity’s output statement is extremely important. By mixed research method,
the research results have identified the factors affecting the usefulness of the
information published in the financial statements with the research sample being
Vietnamese administrative agencies. The results have indicated that there are four
groups of factors including legal regulations, professional qualifications, workplace
conditions and supporting tools that will affect the information’s usefulness. The
highest level of influence is the level of expertise as well as other outputs that will be
the basis to confirm that the solutions discussed in the research are suitable for
Vietnam to apply in the near future.