Acta Univ. Agric. Silvic. Mendelianae Brun. 2020, 68, 903-913
Published online 2020-11-01

Determinants of the Implementation of the Public-Sector Consolidated Financial Statements in Vietnam

Yen Thi Tran1, Thanh Thi Cam Tran2, Trang Cam Hoang3

1School of Accounting, University of Economics Ho Chi Minh City, Vietnam, 59C Nguyen Dinh Chieu st., District 3, Ho Chi Minh City, Vietnam
2Faculty of Economics and Accounting, Quy Nhon University, 170 An Duong Vuong, Quy Nhon city, Vietnam
3Faculty of Finance and Banking, Ton Duc Thang University, 19 Nguyen Huu Tho Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Received February 6, 2020
Accepted September 29, 2020

The purpose of this study is to identify factors that affect the implementation of the consolidated financial statements (CFS) of the public sector in Vietnam. The study also presented some of the benefits and challenges of implementing CFS in the view of some experts in Vietnam. The majority view of experts thought that the implementation of CFS in the public sector has many benefits, including a financial clarification of the public sector. Nevertheless, Vietnam will face difficulties when implementing CFS such as human resources, infrastructure, and financial resources. The results of the quantitative analysis showed that accrual accounting basis, accounting staff capacity, regulatory environment, and information technology significantly influenced the implementation of CFS of the public sector in Vietnam. The study contributes significantly to theory and practice as Vietnamese policy makers recently issued Decree No. 25/2017/ND-CP on CFS for the public sector. This Decree takes effect from January 1, 2018.


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