Accounting regime for administrative units in 2017: Radical changes from thinking to methods

Abstract

In the context of international economic integration, the Vietnamese public accounting system in general and the administrative unitsaccounting in particular must have strong reforms to meet of international organizations, public finance managers. Theadministrative unit accounting regime, issued in 2006 on the basis of adjusted accrual accounting, has revealed many limitations collected and provided do not ensure the full coverage of the cashflows for public financial management, not in accordance with international standards. The introduction of Government Circular 107/2007, with the changes in applied accounting base, has reflected the changes in the way of thinking to accounting methods. The article clarifies the reform of the accounting regime, from which identify issues when apply to come up with appropriate solutions.