TIỂU LUẬN KẾ TOÁN QUỐC TẾ ĐỀ TÀI So sánh hai chuẩn mực IAS 10 và VAS 23

Trường Đại học Đà Lạt
Khoa KT-QTKD

TIỂU LUẬN
KẾ TOÁN QUỐC TẾ
ĐỀ TÀI:
So sánh hai chuẩn mực IAS 10 và VAS 23

GV:

Nguyễn Hoàng Nhật Hoa

Lớp:

KTK43

SVTH: Nguyễn Thị Thùy Trang – 1910416


Danh mục từ viết tắt
STT
1.

Từ viết tắt
IAS

Tiếng Anh
International Accounting Standard

2.

VAS

Viet Nam Accounting Standard

Tiếng Việt
Chuẩn mực kế toán
Quốc tế
Chuẩn mực kế tốn
Việt Nam

MỤC LỤC

I.PHẦN MỞ ĐẦU ( Heading)
1.Tính cấp thiết của đề tài (The urgency of the subject)
2.Mục tiêu nghiên cứu (Objectives of the study)
3.Đối tượng và phạm vi nghiên cứu (Object and scope

of the study)
4.Phương pháp nghiên cứu (Research Methods)

II.CÁC VẤN ĐỀ CƠ BẢN CỦA IAS 10 VÀ VAS
23
1.Các khái niệm và nội dung cơ bản của chuẩn mực kế
toán quốc tế số 10 (IAS 10)
2.Các khái niệm và nội dung cơ bản của chuẩn mực kế
toán số 23 ( VAS 23)
3.So sánh hai chuẩn mực IAS 10 và VAS 23


I/Heading

1.The urgency of the subject
Currently, the issue of transparency of financial information of
companies in the Vietnamese market in particular and the
international market in general is a very important issue for
investors. When a misinformation or lack of information can
also affect investment decisions, investors must scrutinize the
financial information of the business more carefully, especially
events that fall into the sensitive time such as the end of the
reporting period or after the reporting period.
Since the 70s of the 20th century, the world has paid attention to
events arising after the date of the report because it is believed
that the events that meet certain criteria reflect or materially
affect the information. financial statements, thereby affecting the
fairness of the statements. After several stages of revision,
International Accounting Standard No. 10 was released to guide
the accounting treatment of events arising after the reporting
period that partly had a significant impact on improving the
accounting system. transparency and fair accuracy of the
financial statements.
In Vietnam, accounting standard No. 23 - events arising after the
end of the reporting period was also born to catch up with the
world trend. However, the actual application and the remaining
differences between the international accounting standard IAS
10 and the Vietnamese accounting standard VAS 23 are things
that need to be discussed. Therefore, we need to re-present the


development of these two accounting standards. Also, compare
these two accounting standards.

2. Objectives of the study
The topic focuses on analyzing and clarifying some main
contents of Standard 10 and comparing it with Vietnamese
Accounting Standard No. 23.

3. Object and scope of the study
3.1: Research subjects:
International Accounting Standard No. 10 and Vietnamese
Accounting Standard No. 23

3.2: Research scope:
The main topic is to study theoretical standards.
4. Research Methods
The study mainly uses descriptive, analytical and comparative
methods.
II/ BASIC ISSUES OF IAS 10 AND VAS 23

1.Basic concepts and contents of International
Accounting Standard No. 10 (IAS 10):
1.1: The concept:


- IAS 10 defines events occurring after the reporting
period as those that have a positive or negative effect,
occurring between the end of the reporting period and
the date the financial statements are officially issued.
awake. There are two types of events that are clearly
distinguished by IAS 10:
+ First, the events that provide evidence of existence
during the reporting period are those that arise after the

reporting period that require adjustment.
+ Second, events that provide evidence of status
occurring after the reporting period are events
occurring after the reporting period that are not subject
to adjustment.
The next issue that IAS noted was the release of
financial statements. Although the financial statement
release process will take many ways depending on the
management structure, operator requirements and
internal processes. However, the way to determine the
issuance date to have a basis for determining the time
after the reporting period is also consistent in a number
of noted principles. Determining the date of issue of
the financial statements is of great legal importance


because, without the correct date, it is not possible to
determine the period of separation to identify events
after the end of the reporting period report to make
reasonable adjustments.
-IAS 10 explains this concept by giving illustrative
examples. The general guidelines to consider for
determining the issuance date of financial statements
(authorization date) are as follows:
+ When a business is required to submit financial
statements for shareholder approval after the financial
statements have been issued, the legal issue of the
financial statements in this case is the date of initial
issue and is not the date on which the shareholders
accept the financial statements

+ When an enterprise is required to issue financial
statements to internal control, the issue date is legally
the date on which management authorizes to issue the
financial statements to the supervisory board.
1.2: Basic content of IAS 10:
1.2.1: Recognition and measurement:
IAS 10 requires an enterprise to adjust the amount recognized in its financial statements to reflect
events occurring after the reporting period.


In addition, IAS 10 also deals with events occurring after the reporting period that are not subject to
adjustment, as opposed to events after the reporting date that should be adjusted, non-adjusting events
occurring after the reporting period. and no relationship reflects that which existed at the time of
reporting. For example, an impairment in the market value of an investment between the reporting date
and the date the financial statements are issued. This impairment is not related to the entity's
performance at the reporting date but reflects subsequent performance. Therefore, the enterprise does
not have to adjust the recognized value of the investment in the financial statements.

1.2.2: Dividend:
With respect to dividends, IAS 10 has its own guidance that does not include examples when presenting
adjusted or non-adjusted events. Accordingly, if a dividend is declared after the end of the reporting
period, the enterprise is not required to recognize this dividend as a liability in the reporting period. If
dividends are declared after the balance sheet date but before the financial statements are issued, the
dividends are not recognized as a liability as a liability because, at the reporting date, they have not been
formed. liabilities related to dividends, which do not meet the conditions for recognition of liabilities.
This is because the IASB's innovative view has eliminated the expression as a component of the equity of
the dividend. The accrual recognition of a dividend obligation is not considered a prudent case and is not
recognized under any circumstances.

1.2.3: Continuous operation:

The deterioration in the financial position at the end of the reporting period casts significant doubt on
the going concern. IAS 10 requires an enterprise not to prepare its financial statements on the going
concern basis if management confirms after the end of the reporting period that liquidation is
anticipated. This should also be disclosed in the financial statements in accordance with IAS 10 .

1.2.4: Announced:
IAS 10 requires businesses to announce the official date of the report's release and who is authorized to
issue the report. If there is an amendment to the report from the owner or authorized person, this
should be disclosed. IAS 10 also requires disclosure of events that existed during the reporting period if
information is received after the reporting period about conditions that existed during the reporting
period. This regulation obliges an enterprise during the period after the end of the annual accounting
period and before the issuance of the financial statements, all information that may affect the figures in
the financial statements of the enterprise will be must be reviewed on an ongoing basis before being
reflected in the amounts in the financial statements. In many cases, even if information updated to the
date of issue does not affect the figures in the financial statements, enterprises still need to disclose this
information with the issued financial statements.


=>In summary: IAS 10 provides very specific guidance on the accounting treatment of events arising
after the reporting period. It specifies the concept and the basis for determining the time to cut off to
know if the event needs to be adjusted or not. The determination and adjustment of any item is based
on this standard and also considers whether the occurrence meets the conditions for recognition
under the guidance of other relevant accounting standards are not

2. Basic concepts and contents of Accounting
Standard No. 23:
2.1: The concept:
Standard No. 23 – Events occurring after the balance sheet date
The purpose of VAS 23 is to provide guidance and regulations in case enterprises have to adjust financial
statements, principles and methods of adjusting financial statements when there are events arising after

the end of the accounting period. Explanation of the issue date of the financial statements and events
occurring after the balance sheet date.

2.2: Basic content of VAS 23:
2.2.1: Recognition and identification:
Events occurring after the balance sheet date require adjustment. The enterprise must adjust the
amounts recognized in the financial statements to reflect events occurring after the balance sheet date.
need adjustment.

2.2.2: Continuous operation:
- If the Board of Directors confirms after the end of the annual accounting period that there is an

expected dissolution of the enterprise, cessation of production and business, significant reduction of the
scale of operation or bankruptcy, the enterprise shall not prepare financial statements on basis of the
going concern principle.
- If business results are impaired and the financial position deteriorates after the balance sheet date, the
going concern principle must be reviewed as to whether the financial statements are still relevant. If the
going concern principle is no longer suitable for preparing financial statements, the enterprise must
fundamentally change the accounting basis, not just adjust the recorded data according to the original
accounting basis.


2.2.3: Presenting financial statements:
- Issue date of financial statements
+ Enterprises must disclose the date of issue of financial statements and the person who decides to issue
them. If the business owner or other authorized person requires an amendment to the financial
statements prior to issue, the business must disclose this.
+ It is important for users of financial statements to know that financial statements do not reflect events
occurring after the date of issue.
-Presentation of events that existed during the accounting period

+ If an entity receives information after the balance sheet date about events that existed during the
accounting period, the enterprise must disclose these events in light of the new information.
+ In some cases, an enterprise must present in its financial statements to reflect information received
after the balance sheet date, even if this information does not affect the amounts presented in the
financial statements. financial statements. Example: After the balance sheet date, there is evidence of a
contingent liability that existed during the accounting period.
- Events occurring after the balance sheet date do not require adjustment
+ If unadjusted events occurring after the balance sheet date are material, failure to disclose these
events could influence the economic decisions of users based on financial information. financial report.
+ Events occurring after the balance sheet date that do not require adjustment should be disclosed in
the financial statements.

3. Compare two standards IAS 10 and VAS 23: