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MINISTRY OF FINANCE
No:15/2006/QD-BTC
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom - Happiness
Hanoi, 20 March 2006
DECISION
on issuance of the business accounting system
MINISTER OF FINANCE
- Pursuant to the Law on Accounting No. 03/2003/QH11 dated 17 June 2003 and
Government Decree No.129/2004/ND-CP dated 31 May 2004, making detailed regulations and
providing guidelines for implementation of a number of Articles of the Law on Accounting in
business activities;
- Pursuant to Government Decree No.77/2003/ND-CP dated 1 July 2003, stipulating
functions, duties, powers and organisational structure of the Ministry of Finance;
Following the proposal by the Director of the Accounting System and Auditing
Department and the Office Manager of the Ministry of Finance,
DECIDES:
Article 1: To issue “the business accounting system” applicable to all enterprises in all fields
and all economic sectors throughout the country. The business accounting system shall
include four parts:
Part I: Bookkeeping Account System ;
Part II: Financial Statement System ;
Part III: System of Accounting Documents;
Part IV: Syustem of accounting Books.
Article 2: Enterprises, companies and corporations shall, based on “the business
accounting system”, carry out research, concretize and formulate the accounting system
and specific regulations on its contents, and the method of application of such accounting
system, which are appropriate to business chracteristics and management requirements in
each industry, each operational field and each economic sector. Where there is an
amendment or addition to class-1 or class-2 accounts or an amendment to financial
statements, a written agreement by the Ministry of Finance must be obtained.

Within the scope regulated in the business accounting system and in implementing
documents issued by superior administration bodies, enterprises shall study and apply the list
of accounts, source documents and accounting books, and select the form of accounting
appriopriate to their business and production characteristics, management requirements and
accouting work.
Article 3: This Decision shall have full force and effectafter 15 days fronm the date on which
it is published in the official gazette. In particular, the regulations on “preparation of mid-year
consolidated financial statements” in point 4, and “responsibility for preparation and
presentation of financial statements” in Section A.I, Part II sghall be implemented as from
2008.
This Decision shall replace Decision No.1141 TC/QD/CDKT dated 1 November 1995 of the
Minister of Finance, issuing “the business accounting system”; Decision No.167/2000/QD-
BTC dated 25 October 2000 of the Minister of Finance, issuing “the regime of business
financial statements”, Circular No.10 TC/CDKT dated 20 march 1997, providing “guidelines
on amendment and addition to the business accouting system”; Circular No.33/1998/TT-BTC
dated 17 March 1998, providing “guidelines on accouting for, appropriating and using
provisions for reduction in prices of inventory, for bad debts and for recduction in prices of
securities at State enterprises”; Circular No.77/1998/TT-BTC dated 6 June 1998, providing
“guidelines on exchange rates for conversion of foreign currencies into Vietnamese dong,
used for accounting treatment by enterprises”; Circular No.100/1998/TT-BTC dated 15 July
1998, providing “guidelines on accounting for VAT and Business Income Tax (BIT)”; Circular
No.180/1998/TT-BTC dated 26 December 1998, providing “additional guidelines on
accounting for VAT”; Circular No.186/1998/TT-BTC dated 28 December 1998, providing
“guidelines on accounting for export-import duties and special sales tax”; Circular
No.107/1999/TT-BTC dated 1 September 1999, providing “guidelines on accounting for VAT
on finance lease activities”; Circular No.120/1999/TT-BTC dated 7 October 1999, providing
“guidelines on amendment and addition to the business accounting system”; Circular
No.54/2000/TT-BTC dated 7 June 2000, providing “guidelines on accounting for business
establishments’ goods sold by their affiliated units located in other provinces and cities and
practicing dependent cost accounting, and by their agents for commission”.

Article 4: The contents specified in Decisions issuing accounting standards and in Circulars
providing guidelines on application of accounting standards issued from stage 1 to stage 5,
which are not contrary to those specified in this Decision, shall still be valid.
Article 5: The ministries, ministerial equivalent bodies, people’s committees of provinces and
cities under central authotrity shall be responsible for instructing units under their
administration to apply “the business accounting system” issued together with this Decision.
Article 6: The Director of the Accounting System and Auditing Department, the Ministry of
Finance’s Office Manager, the Director of the Corporate Finance Department, the General
Director of Taxation, and heads of relevant units under the Ministry of Finance shall be
responsible for guiding and examining the implementation of this Decision.
Recipients:
- Thủ tướng, các Phó Thủ tướng
Chính phủ (để báo cáo);
- Văn phòng Chính phủ;
FOR MINISTER
DEPUTY MINISTER
2
- Văn phòng Quốc hội;
- Văn phòng Chủ tịch nước;
- Văn phòng TW Đảng;
- Các Bộ, cơ quan ngang Bộ
cơ quan thuộc Chính phủ;
- Toà án nhân dân tối cao;
- Viện kiểm sát nhân dân tối cao;
- UBND, Sở Tài chính, Cục thuế các tỉnh,
TP trực thuộc TW;
- Cục kiểm tra văn bản (Bộ Tư pháp);
- Hội Kế toán và Kiểm toán Việt Nam;
- Hội Kiểm toán viên hành nghề Việt Nam;
- Các Công ty kế toán, kiểm toán;

- Công báo;
- Các đơn vị thuộc Bộ Tài chính;
- Vụ Pháp chế (Bộ Tài chính);
- Lưu VT (2 bản), Vụ CĐKT &KT.
(signed)

Tran Van Ta
3
PART I
BOOKKEEPING ACCOUNT SYSTEM
I- GENERAL PROVISIONS
1- Bookkeeping accounts are used to classify and systematize economic
and financial transactions according to their economic targets.
The business bookkeeping account system includes class-1 accounts, class-2
accounts, balance shhet accounts and off balance sheet accounts in
accordance with the provisions in this Decision.
2- Enterprises, companies and corporations shall, based on the bookkeeping
account system, carry out research on and make use of a detailed bookkeeping
account system which is appropriate to their business and production
chracteristics and management requiremnets, but such a detailed bookkeeping
account system must conform to the content and structure of, and the
accounting methods in, corresponding general bookkeeping accounts.
3- Where enterprises, companies or corporations need to add class-1 or class-2
accounts or amend class-1 or class-2 accounts in relation to name, sign and
contents of, or methods of accounting for particular economic transactions, they
must obtain a written approval from the Ministry of Finance before making such
an addition or amendment.
4- Enterprises, companies or corporations may further set up class-2 or class-3
accounts for the accounts whose class-2 or class-3 acount is not stated in the
list of business bookkeeping account system issued together with this Decision

in order to serve their management requirements, and they shall not be required
to obtain an approval from the Ministry of Finance.
4
II- LIST OF BUSINESS BOOKKEEPING ACCOUNT SYSTEM
No Serial Account
Number
Class
1
Class
2
NAME OF ACCOUNT REMARK
1 2 3 4 5
TYPE OF ACCOUNT 1
SHORT-TERM ASSETS
01 111 Cash
1111 Vietnamese currency
1112 Foreign currency
1113 Gold, silver, precious metals, gemstones
02 112 Deposits
Detailing each bank
1121 Vietnamese currency
1122 Foreign currency
1123 Gold, silver, precious metals, gemstones
03 113 Cash in transit
1131 Vietnamese currency
1132 Foreign currency
04 121 In vestment in short-term securities
1211 Bonds
1212 Ordinary bonds, treasury bonds, term bonds
05 128 Other short-term investments

1281 Term deposits
1288 Other short-term investments
06 129 Provisions for reduction in prices of short-term
investments
07 131 Accounts receivable from customers
Detailing each
entity
08 133 Deductible VAT
1331 Deductible VAT on goods or services
1332 Deductible VAT on fixed assets
09 136 Internal receivables
1361 Business capital at affiliated units
1368 Other internal receivables
10 138 Other receivables
1381 Insufficient assets awaiting handling
1 2 3 4 5
1385 Receivables from equitisation
1388 Other receivables
5
11 139 Provisions for bad debts
12 141 Advances
Detailing each
entity
13 142 Short-term prepaid expenses
14 144 Short-term mortgages, deposits or collateral
15 151 Purchases in transit
16 152 Raw materials, materials
Detailing by
management
requirements

17 153 Tools, instruments
18 154 Expenses of work in progress
19 155 Finished products
20 156 Goods
1561 Purchase prices of goods
1562 Costs of purchases
1567 Property
21 157 Goods on consignment
22 158 Goods in bobded warehouse
Exporter or importer
permitted to esatblish
bonded warehouse
23 159 Provisions for reduction in prices of inventory
24 161 Adminmistrative payments
1611 Administrative payments in previous year
1612 Administrative payments in this year
TYPE OF ACCOUNT 2
LONG-TERM ASSETS
25 211 Tangible fixed assets
2111 Buildings, architectural structures
2112 Machinery or equipment
2113 Means of transport or transmission
2114 Equipment or devices used for management
2115 Perennial plants, animals working and giving products
2118 Other fixed assets
26 212 Fixed assets under a finance leace
27 213 Intangible fixed assets
2131 Land use right
2132 Distribution right
2133 Copyright, patent

2134 Trademarks of goods
2135 Computer software
2136 Licence and franchising licence
2138 Other intangible fixed assets
28 214 Wear and tear of fixed assets
2141 Wear and tear of tangible fixed assets
2142 Wear and tear of financially-leased fixed assets
1 2 3 4 5
2143 Wear and tear of intangible fixed assets
2147 Wear and tear of invested property
29 217 Invested property
30 221 Investment in subsidiaries
31 222 Capital contribution to a joint venture enterprise
32 223 Investment in an associated company
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33 228 Other long-term investments
2281 Shares
2282
2288
Bonds
Other long-term investments
34 229 Provisions for reduction in long-term investments
35 241 Capital construction in progress
2411 Procurement of fixed assets
2412 Capital construction
2413 Major repair to fixed assets
36 242 Long-term prepaid expenses
37 243 Assets on which income tax is postponed
38 244 Long-term deposit or collateral
TYPE OF ACCOUNT 3

ACCOUNTS PAYABLE
39 311 Short-term loan
40 315 Long-term debt falling due
41 331 Accounts payable to sellers Detailing each
entity
42 333 Taxes and charges payable to the State
3331 VAT payable
33311 Output VAT
33312 VAT on imports
3332 Special Sales Tax
3333 Export/Import Duties
3334 Business Income Tax (BIT)
3335 Personal Income Tax (PIT)
3336 Natural resources tax
3337 Housing and land tax, land rental
3338
3339
Oother types of tax
Fess, charges and other items of payment
43 334 Payables to employees
3341 Payables to government officials and employees
3348 Payables to other employees
44 335 Expenses payable
45 336 Internal payables
46 337 Payments for completed work under a construction
contract
Construction
company makes
payments for
completed work

47 338 Other payables
3381 Suplus assets awaiting handling
3382 Labour union budget
1 2 3 4 5
3383 Social insurance
3384 Medical insurance
3385 Payables for equitisation
3386 Receipt of short-term deposit or collateral
3387 Unrealized revenue
3388 Other payables
48 341 Long-term loan
49
50
342
343
3431
Long-term debts
Issued bonds
Par value of bonds
7
3432
3433
Discount on bonds
Excesses over bonds
51 344 Rceipt of long-term deposit or collateral
52 347 Postponed income tax payable
53 351 Contingency fund for loss-of-employment
allowances
54 352 Provisions that must be returned
LOẠI TK 4

OWNERS’ EQUITY
55 411 Source of business capital
4111 Owners’ investment capital
4112 Surplus of shareholders’ equity Shareholding
company
4118 Other capital
56 412 Difference in property revaluation
57 413 Foreign exchange differences
4131 Difference in revaluation of foreign exchange gains or
losses at the closing of a financial year
4132 Foreign exchnage differences in the stage of investment
in capital construction
58 414 Development investment fund
59 415 Financial contingency fund
60 418 Other funds founded from owners’ equity
61 419 Fund’s shares Shareholding
company
62 421 Undistributed profits
4211 Undistributed profit in the previous year
4212 Undistributed profit in this year
63 431 Reward or welfare fund
4311 Reward fund
4312 Welfare fund
4313 Welfare fund forming fixed asset
64 441 Source of capital invested in capital construction
Applicable to State
enterprises
65 461 Source of administrative budget
Used for
4611 Source of administrative budget in the previous year

companies or
corporations
4612 Source of administrative budget in this year
with source of
busget
66 466 Source of budget forming fixed asset
1 2 3 4 5
TYPE OF ACCOUNT 5
REVENUE
67 511 Revenue from sale of goods and provision of
services
5111 Revenue from sale of goods
5112 Revenue from sale of finished products
Detailing by
5113 Revenue from provision of services
management
5114 Revenue from allowances or price subsidies
requirements
5117 Revenue from trade in invested property
8
68 512 Revenue from internal sales
Applicable to
5121 Revenue from sale of goods
Internal sales
5122 Revenue from sale of finished products
5123 Revenue from provision of services
69 515 Revenue from financial operations
70 521 Trade discount
71 531 Returned sales
72 532 Reduction in prices of goods sold

TYPE OF ACCOUNT 6
PRODUCTION OR BUSINESS COSTS
73 611 Purchase of goods
Application of
6111 Purchase of raw materials or materials
the method of
6112 Purchase of goods
periodical inventory
74 621 Costs of raw materials or materials directly used
75 622 Costs of direct employees
76 623 Costs for use of construction machinery
Applicable to
6231 Costs of employees
construction
company
6232 Costs of materials
6233 Costs of production instruments
6234 Cost of amortization of construction machinery
6237 Costs of hired services
6238 Other costs in cash
77 627 General production costs
6271 Costs of workshops’ employees
6272 Costs of materials
6273 Costs of production instruments
6274 Costs of amortization of fixed assets
6277 Cost of hired services
6278 Other costs in cash
78 631 Cost of production
Method of
periodical inventory

79 632 Historical cost of goods sold
80 635 Financial costs
81 641 Costs of sale
6411 Costs of employees
6412 Costs of materials or packing
1 2 3 4 5
6413 Costs of instruments or appliances
6414 Costs of amortization of fixed assets
6415 Costs of warranty
6417 Costs of hired services
6418 Other costs in cash
82 642 Costs of business management
6421 Costs of managers
6422 Costs of managed materials
6423 Costs of stationery
6424 Costs of amortization of fixed assets
6425 Taxes, fees and charges
6426 Provisions
9
6427 Costs of hired services
6428 Other costs in cash
TYPE OF ACCOUNT 7
OTHER INCOMES
83 711 Other incomes
Detailing by
operations
TYPE OF ACCOUNT 8
OTHER COSTS
84 811 Other costs
Detailing by

operations
85 821 BIT costs
8211 Current BIT costs
8212 Postponed BIT costs
TYPE OF ACCOUNT 9
DETERMINATION OF BUSINESS RESULTS
86 911 Determination of business results
TYPE OF ACCOUNT 0
OFF BALANCE SHEET ACCOUNTS
001 Hired assets
002 Materials or goods held on behalf of other entities,
or received for processing
Detailing by
management
requirements
003 Goods received for sale on behalf of other entities,
or taken as goods on consignment or mortgages
004 Bad debts written off
007 Foreig currencies
008 Estimate for administrative or project costs
PART II
FINANCIAL STATEMENT SYSTEM
I/ GENERAL PROVISIONS
A. Annual and mid-year financial statements
1. Purposes of financial statements
Financial statements are used for the objective of providing information about the financial
position, performance and cash flows of an enterprise, which meets management requirements of the
enterprise’s owner and State bodies, and is useful to a wide range of users in making economic
decisions. The financial statements must provide information about an enterprise’s:
10

a/ assets;
b/ liabilities and owners’ equity;
c/ revenue, other income, operating expenses and other costs;
d/ gains and losses, and distribution of operating results;
đ/ Taxes and charges payable to the State;
e/ Other assets relating to the enterprise;
g/ Cash flows.
Apart from the above information, an enterprise shall still be required to include other
information in the “notes to the financial statements” in order to give further explanation of the
items shown on its general financial statements and the accounting policies that it has
applied to recognise the economic transactions, and prepare and present the financial
statements.
2- Objects of application
The annual financial statement system shall be applied to enterprises of all types in all
industries and economic sectors. In particular, medium and small businersses shall still be
required to comply with general provisions in this Part and specific provisions appropriate to
medium and small businesses, specified in the accounting system for medium and small
businesses.
The preparation and presentation of financial statements by banks or similar financial
organisations are additionally stipulated in the Accounting Standard No.22 “Additional
representation of financial statements by banks and similar financial organisations” and in
specific documents.
The preparation and presentation of financial statements by enterprises in a particular
branch shall comply with the provisions specified in the accounting system issued by the
Ministry of Finance, or by the branch with the Ministry of Finance’s approval.
A parent company or group that prepares its consolidated financial statements must
comply with the provisions in the Accounting Standard “Consolidated financial statements
and accounting for investments in subsidiary companies”.
A company with its affiliated accounting units or a State corporation operating in the
form of having no subsidiary companies must prepare its consolidated financial statements in

accordance with the provisions in Circular providing guidelines for applying the Accounting
Standard No.25 “Consolidated financial statements and accounting for investments in
susidiary companies”.
The mid-year financial statement system (quarterly financial statements) shall be
applied to State enterprises, listed enterprises and other enterprises which voluntarily
prepare their mid-year financial statements.

3- The business financial statement system
The financial statement system shall include annual financial statements and mid-year
financial statements.
3.1. Annual financial statements
11
The annual financial statements shall include:
- Balance sheet Form No. B 01 -
DN
- Income statement Form No. B 02 -
DN
- Cash flow statement Form No. B 03 -
DN
- Notes to financial statements Form No. B 09 -
DN
3.2. Mid-year Financial Statements
The mid-year financial statements shall include the mid-year financial
statements in full form and in summary form.
(1) The mid-year financial statements in full form shall include:

- Mid-year balance sheet (in full form): Form No. B 01a –
DN;
- Mid-year income statement
(in full fiorm): Form No. B 02a –

DN;
- Mid-year cash flow statement (in full form): Form No. B 03a –
DN;
- Selective notes to the financial statements: Form No. B 09a –
DN.
(2) The mid-year financial statements in summary form shall include:

- Mid-year balance sheet (in summary form): Form No. B 01b –
DN;
- Mid-year income statement
(in summary form): Form No. B 02b –
DN;
- Mid-year cash flow statement (in summary form): Form No. B 03b –
DN;
- Selective notes to the financial statements: Form No. B 09a –
DN.
4- Responsibilities for preparation and presentation of financial
statements
(1) All enterprises in all industries and economic sectors shall be required to prepare
and present their annual financial statements.
Companies and corporations with affiliated accounting units shall, apart from
preparation of their annual financial statements, be required to prepare their general financial
12
statements or consolidated financial statements at the closing of the accounting period,
based on financial statements of their affiliated accounting units.
(2) State enterprises or listed enterprises shall still be required to prepare their mid-
year finacial statements in full form.
Other enterprises which voluntarily prepare their mid-year finacial statements shall be
permitted to select the full form or the summary form.
State corporations and State enterprises with affiliated accounting units shall still be

required to prepare their mid-year general financial statements or consolidated financial
statements (*).
(3) Parent companies and groups shall be required to prepare their mid-year consolidated
financial statements (*) and their consolidated financial statements at the closing of the
accounting year in accordance with the provisions in Government Decree No.129/2004/NĐ-CP
dated 31 May 2004. In addition, they shall still be required to prepare consolidated financial
statements after they have consolidated their business as regulated in the Accounting Standard
No.11 “Business consolidation”.
((*) The preparation of mid-year consolidated financial statements shall be made as from
2008)
5- Requirements for preparation and presentation of financial statements
The preparation and presentation of financial satements must comply with the
requirements specified in the Accounting Standard No.21 – Presentation of financial
statements. A fair presentation of financial statements requires:
- presenting information in a true and fair manner;
- selecting and applying accounting policies in accordance with the provisions of each
Accounting Standard in order to ensure that the financial statements provide
information that is relevant to the decision-making needs of users and reliable. To
achieve a fair presentation, financial statements must:
+ represent fairly the results and financial position of the enterprise;
+ reflect the economic substance of events and transactions and not merely the legal
form;
+ be neutral, that is free from bias;
+ be prudent;
+ be complete in all material respects.
The presentation of financial statements must be based on data existing after the
accounting books are closed. Financial statements must consist of full items, be prepared
methodically and presented consistently between accounting periods. Financial statements
13
must be signed by the person preparing them, the chief accountant and the legal

representative of the enterprise, and stamped with the enterprise’s seal.
6- Principles of preparation and presentation of financial statements
The preparation and presentation of financial statements must comply with six (06)
principles stipulated in the Accounting Standard No.21 – “Presenatation of financial
statements”: going concerns, accrual basis of accounting, consistency of presentation,
materiality and aggregation, offsetting and comparative information.
Notes to the financial statements must be based on requirements for presenting
information as stipulated in Accounting Standards. Material information must be explained to
help readers understand properly the finacial position of the enterprise.
7- Periods for preparation of financial statements
7.1 Period for preparation of annual financial statements
Enterprises are required to prepare financial statements for the accounting year which
is the calendar year or an accounting year with 12 full months after they notify such a year to
the tax body. In the special case, enterprises are permitted to change the closing date of an
accounting year, as a result, financial statements prepared for the first accounting year or the
last accounting year may be shorter or longer than 12 monts, but shall not be permitted to
exceed 15 months.
7.2 Period for preparation of mid-year financial statements
The period for preparation of mid-year financial statements shall be each
quarter of the financial year (not including Quarter IV).
7.3 Other periods for preparation of financial statements
Enterprises may prepare their financial statements for other accounting periods (such
as week, month, 6 months, 9 months, ) as required by law, by the parent company or the
owner.
An enterprise which is subject to a division, demerger, consolidation, meger,
conversion of ownership form, dissolution, termination of operation or bankruptcy must
prepare financial statements at the time when such an event occurs.
8. Time limit for submission of financial statements

8.1. With respect to State enterprises

a) Time limit for submission of quarterly financial statements:
14
- An enterprise shall be required to submit its quarterly financial statements no later than
20 days from the date of closing the quarterly accounting period; with respect to a State
corporation, the above time limit shall be no later than 45 days;
- An affiliated accounting unit of a State corporation shall submit its quarterly
financial statements to the corporation within the time limit regulated by the corporation.
b) Time limit for submission of the annual financial statements:
- An enterprise shall be required to submit its annual financial statements no later than
30 days from the date of closing the accounting year; with respect to a State corporation, the
above time limit shall be no later than 90 days;
- An affiliated accounting unit of a State corporation shall submit its annual financial
statements to the corporation within the time limit regulated by the corporation.
8.2. With respect to other enterprises
a) An accounting unit being a private enterprise or a partnership firm must submit its
annual financial statements no later than 30 days from the date of closing the accounting
year; with respect to other accounting units , the above time limit shall be no later than 90
days;
b) An affiliated accounting unit shall submit its annual financial statements to its superior
accounting unit within the time limit regulated by the superior accounting unit.
9. Place where financial statements are received
Place where financial statements are received
TYPES OF ENTERPRISE
(4)
Periods for
preparation
of financial
statements
Financial
body

Tax body
(2)
Statistical
body
Superior
enterprise
(3)
Business
registration
body
1. State enterprises Quarter,
Year
x
(1)
x x x x
2. Enterprises with
foreign invested capital
Year x x x x x
3. Other types of
enterprise
Year x x x x
(1) State enterprises located in a province or city under central authority shall be
required to prepare and submit their financial statements to the Finance Department of such
province of city. Central State enterprises shall also submit their financial statements to the
Ministry of Finance (the Business Finance Department).
- State enterprises such as commercial banks, lottery companies, credit institutions,
insurance companies, securities trading companies must submit their financial statements to
the Ministry of Finance (the Banking Finance Department). In particular, Securities Trading
Companies shall also submit their financial statements to the State Securities Commission.
15

(2) Enterprises shall be required to submit their financial statements to local tax
bodies directly managing them. State corporations shall also submit their financial statements
to the Ministry of Finance (the General Department of Taxation).
(3) State enterprises which have the superior accounting unit must submit their
financial statements to such a superior accounting unit. Other enterprises which have the
superior accounting unit must submit their financial statements to such a superior accounting
unit in accordance with the regulations of the superior accounting unit.
(4) Enterprises whose financial statements are required by law to be audited shall
have their financial statements audited before such statements are submitted as regulated.
Audited financial statements of enterprises must be enclosed with audit reports when they
are submitted to State administration bodies and their superior enterprises.
B. Consolidated financial statements and general financial statements
1. Consolidated financial statements
A parent company or a group shall be responsible for preparing consolidated financial
statements to consolidate and present the overall conditions regarding its assets, liabilities,
owners’ equity at the time of preparation of financial statements; and its performance and
operating results in the reporting period.
The consolidated financial statement system shall include 4 reporting forms:
- Consolidated balance sheet Form No. B 01 – DN/HN
- Consolidated income statement Form No. B 02 – DN/HN
- Consolidated cash flow statement Form No. B 03 – DN/HN
- Consolidated notes to the financial statements Form No. B 09 – DN/HN
The contents and form of, the method of calculation in, and the time limit for
preparation, submission and disclosure of consolidated financial statements shall be carried
out in accordance with the provisions in Circular providing guidelines on the Accounting
Standard No.21 “Presentation of Financial statements” and the Accounting Standard No.25
“Consoliadted financial sattements and accounting for investments in subsidiary companies”,
and with Circualr providing guidelines on the Accounting Standard No.11 “Business
consolidation”.
2. General financial statements

An enterprise which has affiliated accounting units or a State corporation
established and operating in the form of having no subsidiary companies must
prepare its general financial statements to combine and present the overall conditions
regarding its assets, liabilities and owners’ equity at the time of preparation of financial
statements, and its performance and operating results in the operating period of the whole
enterprise or State corporation.
The general finacial statement system shall include 4 reporting forms:
- General balance sheet Form No. B 01-DN
- General income statement Form No. B 02-DN
- General cash flow statement Form No. B 03-DN
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- General notes to the financial statements Mẫu số B 09-DN
The contents and form of, and the time limit for preparation, submission and disclosure
of general financial statements shall be carried out in accordance with the provisions in
Circular providing guidelines on the Accounting Standard No.21 “Presentation of Financial
statements” and the Accounting Standard No.25 “Consoliadted financial sattements and
accounting for investments in subsidiary companies”.
A parent company or a group which has to prepare both general financial statements
and consolidated financial statements shall prepare its general financial statements first (the
preparation of general financial statement is based on types of operation: production and
trading, investment in capital construction, or non-business activities) and then prepare its
consolidated financial statements. While preparing general financial statements for its
production and trading units, the parent company or group may have had to implement the
provisions on consolidation of financial statements. Units which have to prepare both general
financial statements and consolidated financial statements must comply with the provisions
on preparation of general financial statements and consolidated financial statements.
II/ LIST AND FORMS OF FINANCIAL STATEMENTS
A. The list and forms of annual financial statements shall include:
- Balance sheet Form No. B 01 – DN
- Inconme statement Form No. B 02 – DN

- Cash flow statement Form No. B 03 - DN
- Notes to the financial statements Form No. B 09 – DN
1. Balance sheet
Company:……………… Form No. B 01 – DN
Address:………………………….
(issued together with Decision No.15/2006/QD-BTC
dated 20 March 2006 of the Minister of Finance)
BALANCE SHEET
as at the date (1)
Unit:
ASSETS
Code
Expla-
nation
Figures
at the
closing
of the
year (3)
Figures
at the
opening
of the
year
(3)
1 2 3 4 5
A– SHORT-TERM ASSETS (100=110+120+130+140+150) 100
I. Cash and cash equivalents 110
1. Cash 111 V.01
2. Cash equivalents 112

II. Short-term financial investments 120 V.02
1. Short-term investments 121
17
2. Provisions for reduction in prices of short-term
investments (*) (2)
129 (…) (…)
III. Short-term receivables 130
1. Receivable from customers 131
2. Preapaid to sellers 132
3. Short-term internal receivables 133
4. Receivables from completed work under a construction
contract
134
5. Other receivables 135 V.03
6. Provisions for short-term receivables that are hard-
recovered (*)
139 (…) (…)
IV. Inventory 140
1. Inventory 141 V.04
2. Provisions for reduction in prices of inventory (*) 149 (…) (…)
V. Other short-term assets 150
1. Short-term prepaid expenses 151
2. Deductible VAT 152
3. Taxes and other charges that must be collected for the
State budget
154 V.05
1 2 3 4 5
5. Other short-term assets 158
B – LONG-TERM ASSETS (200 = 210 + 220 + 240 + 250 +
260)

200
I- Long-term receivables 210
1. Long-term receivables from customers 211
2. Business capital in affiliated units 212
3. Long-term internal receivables 213 V.06
4. Other long-term receivables 218 V.07
5. Provisions for long-term receivables that are hard-
recovered (*)
219 ( ) ( )
II. Fixed assets 220
1. Tangible fixed assets 221 V.08
- Historical cost 222
- Accumulated value of wear and tear (*) 223 (…) (…)
2. Financially-leased fixed assets 224 V.09
- Historical cost 225
- Accumulated value of wear and tear (*) 226 (…) (…)
3. Intangible fixed assets 227 V.10
- Historical cost 228
- Accumulated value of wear and tear (*) 229 (…) (…)
4. Costs of capital construction in progress 230 V.11
III. Invested property 240 V.12
- Historical cost 241
- Accumulated value of wear and tear (*) 242 (…) (…)
IV. Long-term financial investments 250
1. Investments in susidiary companies 251
2. Investments in associated or joint venture companies 252
3. Other long-term investments 258 V.13
4. Provisions for reduction in prices of long-term financial
investments (*)
259 (…) (…)

V. Other long-term assets 260
1. Long-term prepaid expenses 261 V.14
18
2. Assets on which income tax is postponed 262 V.21
3. Other long-term assets 268
TOTAL ASSETS (270 = 100 + 200) 270
SOURCE OF CAPITAL
A. LIABILITIES (300 = 310 + 330) 300
I. Short-term liabilities 310
1. Short-term borrowings and liabilities 311 V.15
2. Payable to sellers 312
3. Prepaid by purchasers 313
4. Taxes and charges payable to the State 314 V.16
5. Payable to employes 315
6. Costs payable 316 V.17
7. Internal payables 317
8. Payable for completed work under a construction
contract
318
9. Other short-term payables 319 V.18
10. Provisions for short-term payables 320
II. Long-term liabilities 330
1. Long-term payables to sellers 331
2. Long-term internal payables 332 V.19
3. Other long-term payables 333
4. Long-term borrowings and liabilities 334 V.20
1 2 3 4 5
5. Postponed income tax payable 335 V.21
6. Provisions for loss-of-employment allowances 336
7.Provisions for long-term payables 337

B – OWNERS’ EQUITY (400 = 410 + 430) 400
I. Owners’ equity 410 V.22
1. Owners’ invested capital 411
2. Surplus of shareholders’ equity 412
3. Owners’ other capital 413
4. Fund’s shares (*) 414 ( ) ( )
5. Difference in property revaluation 415
6. Foreign exchange differences 416
7. Investment and development fund 417
8. Financial contingency fund 418
9. Other funds founded from owners’ equity 419
10. Undistributed net profits 420
11. Source of capital invested in capital construction 421
II. Other funds and source of budget 430
1. Reward fund, welfare fund 431
2. Source of budget 432 V.23
3. Source of budget forming fixed assets 433
TOTAL OF SOURCE OF CAPITAL (440 = 300 + 400) 440
OFF BALANCE SHEET ITEMS
19
ITEMS Explanation Figures at
the closing
of the year
(3)
Figures at
the opening
of the year
(3)
1. Hired assets 24
2. Materials or goods held on behalf of other entities, or

received for processing
3. Goods received for sale on behalf of other entities, or
taken as goods on consignment or mortgages
4. Bad debts written off
5. Foreign currencies
6. Estimate for administrative or project costs
Prepared on the date
Prepared by Chief accountant Director
(Signature, full name) (Signature, full name) (Signature, full name, seal)
Notes:
(1) Figures may not be inserted into items where data are not available, but the ordinal
number of items and “code” still remain unchanged.
(2) Figures in items with the sign (*) are recorded in negative numbers within the bracket
( ).
(3) With respect to an enterprise whose accounting year is a calendar year (X), the
“figures at the closing of the year”may be recorded as “31.12.X“; the “figures at the
opening of the year” may be recorded as “01.01.X“.
2. Income statement
Company: Form No. B 02 – DN
Address:…………
(issued together with Decision No.15/2006/QD-BTC
dated 20 March 2006 of the Minister of Finance)
INCOME STATEMENT
Year ………
Unit:
ITEMS
Code Explanation This year Previous
year
1 2 3 4 5
1. Revenue from sale of goods and provision

of services
01 VI.25
2. Reductions in revenue 02
3. Net revenue from sale of goods and
provision of services (10 = 01 - 02)
10
4. Historical cost of goods sold 11 VI.27
5. Gross profits from sale of goods and
provision of services (20 = 10 - 11)
20
20
6. Revenue from financial operation 21 VI.26
7. Financial expenses 22 VI.28
- of which: loan interest expenses 23
8. Expenses for sale 24
9. Business management expenses 25
10 Net profits from business activities
{30 = 20 + (21 - 22) - (24 + 25)}
30
11. Other incomes 31
12. Other expenses 32
13. Other profits (40 = 31 - 32) 40
14. Total of pre-tax profits
(50 = 30 + 40)
50
15. Current BIT expenses
16. BIT expenses postponed
51
52
VI.30

VI.30
17. After-BIT profits
(60 = 50 – 51 - 52)
60
18. Basic interest on shares (*) 70

Prepared on the date
Prepared by Chief accountant Director
(Signature, full name) (Signature, full name) (Signature, full name, seal)
Notes: (*) Thie item shall be applied only to shareholding companies.
3. Cash flow statement
Company:
Form No. B 03 – DN
Address:…………
(issued together with Decision No.15/2006/QD-BTC
dated 20 March of the Moinister of Finance )
CASH FLOW STATEMENT
(under the direct method ) (*)
Year.
Unit:
Items Code Explanation This
year
Previous
year
1 2 3 4 5
I. Cash flow from business activities
1. Revenue from sale of goods and provision of services and
other revenues
01
2. Payments to providers of goods and services 02

3. Payments to employes 03
4. Loan interest payments 04
5. BIT payments 05
6. Other revenues from business activities 06
7. Other payments for business activities 07
Net cash flow from business activities 20
II. Cash flow from investment activities
1.Payments for procurement and formation of fixed assets
and other long-term assets
21
21
2.Revenue from disposal or sale of fixed assets and other
long-term assets
22
3.Payments for borrowing or purchase of debt instruments
from other entity
23
4.Receipts from lending or re-sale of debt instruments to
other entity
24
5.Payments for investment in or capital contribution to other
entity
25
6.Receipts from investment in or capital contribution to other
entities
26
7.Receipts from loan interest, dividends and distributed
profits
27
Net cash flow from investment activities 30

III. Cash flow from financial operation
1.Revenue from issuance of shares, or from receipt of capital
contributed by owners
31
2.Payments for capital contributed by owners, or for
repurchase of issued shares of the enterprise
32
3.Short-term or long-term loans received 33
4.Payments for principal of loans 34
5.Payment for finance lease liabilities 35
6. Dividends or profits paid to owners 36
Net cash flow from financial operation 40
Net cash flow in the period (50 = 20+30+40) 50
Cash and cash equivalents at the opening of the period 60
Effects of changes in exchange rate on conversion of foreign
currencies
61
Cash ans cash equivalents at the closing of the period
(70 = 50+60+61)
70 VII.34
Lập, ngày tháng năm
Prepared by Chief accountant Director
(Signature, full name) (Signature, full name) (Signature, full name, seal)
Notes: Figures may not be inserted into items where data are not available, but the ordinal
number of items and “code” still remain unchanged.
Company:
Form No. B 03 – DN
Address:……
(issued together with Decision No.15/2006/QD-BTC
dated 20 March 2006 of the Minister of Finance)

CASH FLOW STATEMENT
(under the indirect method) (*)
Year …
Unit:
Items Code Explanation This year Previous
year
1 2 3 4 5
I. Cash flow from business activities
1. Pre-tax profits 01
22
2. Adjustment in items
- Amortization of fixed assets 02
- Provisions 03
- Unrealized foreign exchange gains or losses 04
- Gains or losses from investment activities 05
- Loan interest expenses 06
3. Profits from business activities prior to
changes in current capital
08
- Increase or decrease in accounts payable 09
- Increase or decrease in inventory 10
- Increase or decrease in accounts payable
(exclusive of loan interest expenses payable,
BIT payable)
11
- Increase or decrease in prepaid expenses 12
- Loan interest expenses already paid 13
- BIT already paid 14
- Other receivables from business activities 15
- Other payments for business activities 16

Net cash flow from business activities 20
II. Cash flow from investment activities
1.Payments for procurement and formation of fixed
assets and other long-term assets
21
2.Revenue from disposal or sale of fixed assets
and other long-term assets
22
3.Payments for borrowing or purchase of debt
instruments from other entity
23
4.Revenue from lending or re-sale of debt
instruments to other entity
24
5.Payments for investment in or capital contribution
to other entity
25
6.Revenue from investment in or capital
contribution to other entity
26
7.Revenue from loan interest, dividends and
distributed profits
27
Net cash flow from investment activities 30
III. Cash flow from financial operations
1.Revenue from issuance of shares, or from receipt
of capital contributed by owners
31
2.Payments for capital contributed by owners, or
for re-purchase of issued shares of the

ernterprise
32
3.Short-term or long-term loans received 33
4.Payments for principal of loans 34
5.Payments for finance lease liabilities 35
6. Dividends or profits paid to owners 36
Net cash flow from financial operations 40
Net cash flow in the period (50 = 20+30+40) 50
Cash and cash equivalents at the opening of
the period
60
Effect of changes in exchange rates on conversion
of foreign currencies
61
Cash and cash equivalents at the closing of the
period (70 = 50+60+61)
70 31
23
Prepared on the date
Prepared by Chief accountant Director
(Signature, full name) (Signature, full name) (Signature, full name, seal)
Notes: Figures may not be inserted into items where data are not available, but the ordinal
number of items and “code” still remain unchanged.
4. Notes to the financial statements
Company: Form No. B 09 – DN
Address:
(issed together with Decision No.15/2006/QD-BTC
dated 20 March 2006 of the Minister of Finance)
NOTES TO THE FINANCIAL STATEMENTS
Year (1)

I- Operational characteristics of the enterprise
1- Form of capital ownership
2- Business sector
3- Line of business
4- Operational characteristics of the enterprise in the financial year, which affect the financial
statements.
II- Accounting period, monetary unit used in accounting
1- accounting year (commencing from / / and closing on / / ).
2- Monetary unit used in accounting.
III- Applicable accounting standards and system
1- Applicable accounting system
2- Proclamation of compliance with the accounting standards and system
3- Applicable accounting form
IV- Applicable accounting policies
1- Principle of recognition of amounts of cash and cash equivalents .
Method of converting other currencies into the currency used in accounting.
2- Principle of recognition of inventory:
- Principle of recognition of inventory;
- Method of calculating value of inventory;
- Method of accounting for incventory;
- Method of making provisions for reduction in prices of inventory.
3- Principle of recognition and amortization of fixed assets and invested property:
- Principle of recognition of fixed assets (tangible, intangible, finance lease);
- Method of amortization of fixed assets (tangible, intangible, finance lease).
4- Principle of recognition and amortization of invested property
- Principle of recognition of invested property;
- Principle of amortization of invested property.
24
5- Principle of recognition of financial investments:
- Investments in subsidiary companies or associated companies; capital contributed to jointly-

controlled business establishments;
- Short-term investments in securities;
- Other short-term or long-term investments;
- Method of making provisions for reduction in prices of short-term or long-term investments.
6- Principle of recognition and capitalization of borrowed expenses:
- Principle of recognition of borrowed expenses;
- Capitalization rate used to determine borrowed expenses which are capitalized in the period;
7- Principle of recognition and capitalization of other expenses:
- Prepaid expenses;
- Other expenses;
- Method of allocating prepaid exepnses;
- Method of and period for allocating the goodwill.
8- Principle of recognition of expenses payable.
9- Principle and method of recognizing provisions payable.
10- Principle of recognition of owners’ equity:
- Principle of recognizing owners’ invested capital, suplus of shareholders’s equity, and owners’
other capital.
- Principle of recognizing difference in property revaluation.
- Principle of recognizing foreign exchange differences.
- Principle of recognizing undistributed profits.
11- Principle and method of recognition of revenue:
- Revenue from sale of goods;
- Revenue from provision of services;
- Revenue from financial operations;
- Revenue from construction contracts.
12. Principle and method of recognition of financial expenses.
13. Principle and method of recognition of current BIT, and BIT expenses postponed.
14- Transactions of provision for foreign exchange risks.
15- Other accounting principles and methods.
V- Information added to items presented in the balance sheet

(Unit: )
01- Cash At the closing
of the year
At the
opening of
the year
- Cash
- Deposit
- cash in transit
Total








02- Short-term financial investments:
- Short-term securities investments
- Other short-term investments
At the closing
of the year

At the
opening of
the year
25