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

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

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2020, vol. 68, issue 5, 903-913

Abstract: 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.

Keywords: consolidated financial statements; benefits; challenges; Decree No. 25/2017/ND-CP; public sector; Vietnam (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2020068050903

DOI: 10.11118/actaun202068050903

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