VAS Interpretations

Accompanying with accounting standards published, the Ministry of Finance of Vietnam has issued circulars to provide additional guidance for a particular standard. The standard will not be effective once the circular has not been issued.

VAS Interpretation

Batch

Description

Related VAS

Circular 89/2002/TT-BTC

October 9, 2002

1

Guidance to implement 4 standards (amendment to the format of regulated financial statements)

1. Inventory

2. Tangible assets

3. Intangible assets

4. Revenue and other incomes

Circular 105/2003/TT-BTC

November 4, 2003

2

Guidance to implement 6 standards (further amendment to the format of regulated financial statements)

1. Framework

2. Leases

3. Effects of changes in foreign exchange rate

4. Construction Contracts

5. Borrowing cost s

6. Cash flow statements

Circular

23/2005/TT-BTC, March 30, 2005

3

Guidance to implement 6 standards

1. Investment Property

2. Accounting for investments by associates

3. Financial reporting of interests in joint ventures

4. Presentation of financial statements

5. Consolidated financial statements and accounting for investments in subsidiaries

6. Related parties disclosures

Circular

20/2006/TT-BTC, March 20, 2006

4

Guidance to implement 6 standards

1. Income taxes

2. Disclosures in the financial statements for banks and similar financial institutions

3. Events after balance sheet date

4. Interim financial reporting

5. Segment reporting

6. Net profit or loss for the period, fundamental errors and changes in accounting policies.

Circular

21/2006/TT-BTC, March 20, 2006

5

Guidance to implement 4 standards

7. Business combination

8. Earning per share

9. Disclosures in the Financial Statements of Banks and Similar Financial Institutions

10. Insurance Contract