Comparative Study On Accounting Standards Between China And Vietnam

Economic globalization promotes the globalization of capital market.Investors need to have the international comparability and transparency of accounting information.This requires that all countries adopt comparable accounting standards,and then generates the accounting standards and other technical standards of regional convergence and international convergence.At present,many countries in the development of their own accounting standards will refer to the international accounting standards and international financial reporting standards(IAS and IFRS).Both the adoption of international accounting standards and the development of domestic accounting standards with international convergence characteristics will help to make the accounting standards or technical standards more perfect.China and Vietnam are neighbors and belong to the eastern culture system.They have the common point in the economic system,social conditions and other aspects and there is a huge prospect in economic and trade cooperation.Therefore,to explore the convergence of China's accounting standards(CAS)and Vietnam accounting standards(VAS)is conducive to the two countries investors more in-depth understanding of each other's accounting standards.The structure of this paper is as follows: The first chapter is the introduction,including the research background,problems and literature review,etc.;The second chapter introduces the development course and current situation of the accounting standards between China and Vietnam.The third chapter is the overall comparative analysis of accounting standards between China and Vietnam.The fourth chapter is the analysis of the differences between China and Vietnam in the concrete accounting standards.The fifth chapter is the internationalization and national coordination of the accounting standards of Vietnam.The sixth chapter is the conclusion and Prospect.By analyzing,we draw the following conclusion:(1)Although the accounting reform in China and Vietnam are in the road of international convergence,and making basic standards learns from the conceptual framework of international accounting standards.But due to the influence of the country's economic and legal environment,there are still differences.For example,in order to meet the objectivity and relevance of accounting information quality requirements,China uses a variety of measurement attributes,and there is only a historical cost measurement attributes in Vietnam.(2)According to thespecific accounting standards,Chinese acquisition of intangible assets includes enterprise own development,outsourcing,investors investment,debt restructuring,government subsidies,mergers and the exchange of non monetary assets;The Vietnamese accounting standards obtained intangible assets by the individual purchase,a period of land use rights,the government allocation,purchase of merger,buy in and self development.It is found that Vietnam is less than China's investment and debt restructuring of two kinds of ways to obtain intangible assets.(3)In terms of fixed assets,there are some differences in terms of confirmation,cost structure,the subsequent measurement(including value-added tax,non monetary assets to obtain assets,assets placed treatment)between the two countries.(4)In the accounting report,it is similar in China and Vietnam,which has a certain relation with the similarities and differences in the economic development and social environment between the two countries.