1. Financial statements apply to businesses in all sectors and economic components.
Perform accounting in accordance with Circular No. 200/2014/TT-BTC dated December 22, 2014 of the Ministry of Finance:
The annual financial report includes:
Cases that meet the going concern assumption:
- Balance Sheet Form No. B 01-DN
- Business Performance Report Form No. B 02-DN
- Cash Flow Statement Form B 03-DN
- Explanatory Notes to Financial Statements, Form B 09-DN
In cases where the going concern assumption is not met, the business must still present all financial statements and clearly state that:
- The balance sheet applicable to businesses that do not meet the going concern assumption – Form B01/CDHĐ-DNKLT – is presented in a separate format;
- The report on business performance applicable to enterprises that do not meet the going concern assumption – Form B02/CDHĐ-DNKLT – is presented in a general format similar to that of enterprises operating normally;
- The cash flow statement applicable to businesses that do not meet the going concern assumption – Form B03/CDHĐ-DNKLT – is presented in the same general format as businesses operating normally;
- The explanatory notes to the financial statements applicable to businesses that do not meet the going concern assumption – Form B09/CDHĐ-DNKLT – are presented in a separate format.
Interim financial report:
A full interim financial report includes:
- Interim Balance Sheet Form No. B 01a-DN
- Business Performance Report Form No. B 02a-DN
mid-year - Interim Cash Flow Statement, Form B 03a-DN
- Selected Financial Statement Explanatory Notes - Form No. B 09a-DN
Summary of interim financial statements includes:
- Interim Balance Sheet Form No. B 01b-DN
- Business Performance Report Form No. B 02b-DN
mid-year - Interim Cash Flow Statement, Form B 03b-DN
- Selected Financial Statement Explanatory Notes - Form No. B 09a-DN
2. Financial statements applicable to small and medium-sized enterprises
Prior to fiscal year 2017 (Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Minister of Finance and Circular No. 138/2011/TT-BTC dated October 4, 2011 of the Ministry of Finance):
The financial statements that small and medium-sized enterprises (SMEs) submit to the tax authorities include:
- Balance Sheet Form No. B02-DNN
- Balance Sheet Form No. F01-DNN
- Business Performance Report Form No. B02-DNN
- Cash Flow Statement (recommended) Form B03-DNN
- Explanatory Notes to Financial Statements - Form B09-DNN
Small and medium-sized enterprises (SMEs) meet the going concern assumption:
- Financial Statement Report Form B01a – DNN
- Business Performance Report Form No. B02 – DNN
- Explanatory Notes to Financial Statements, Form B09 – DNN
Depending on their operational characteristics and management requirements, businesses may choose to prepare the Statement of Financial Position using Form B01b – DNN instead of Form B01a – DNN.
Financial reports submitted to the tax authorities must also include a Trial Balance (Form F01 –DNN).
- Cash Flow Statement (recommended) Form B03-DNN
Small and medium-sized enterprises (SMEs) do not meet the going concern assumption:
- Financial Statement Report Form No. B01-DNNKLT
- Business Performance Report Form No. B02-DNN
- Explanatory Notes to Financial Statements, Form No. B09-DNNKLT
- Cash Flow Statement (recommended) Form B03-DNN
+ Micro-enterprises:
- Financial Statement Report Form B01-DNSN
- Business Performance Report Form No. B02-DNSN
- Explanatory Notes to Financial Statements, Form B09-DNSN
3. Consolidated financial statements
Consolidated financial statements include annual consolidated financial statements and interim consolidated financial statements (quarterly reports, including the fourth quarter and semi-annual reports). Annual consolidated financial statements are prepared in full form, while interim consolidated financial statements are prepared in full or summarized form.
+ Consolidated annual financial statements and consolidated interim financial statements include:
- Consolidated balance sheet;
- Consolidated income statement;
- Consolidated cash flow statement;
- Notes to the Consolidated Financial Statements.
Consolidated financial statements use the financial statement format for independent enterprises as prescribed in the Enterprise Accounting System, with the addition of further indicators.
4. Consolidated financial statements and financial statements of subsidiary accounting units.
Businesses that have their head office in one location but have subsidiary accounting units in other locations must, in addition to preparing head office financial statements, also prepare consolidated financial statements at the end of the accounting year to submit to the tax authorities.
The subsidiary accounting units prepare annual financial reports and send them to the enterprise for use as a basis. prepare financial reports synthetic.