Financial reporting information of small and medium enterprises

Abstract

Currently, the Financial Statements  of Vietnamese enterprises are becoming more and more honest and transparent due to the fairly solid and stable legal framework on accounting: the revised and supplemented accounting law has come into effect, the accounting regime is adjusted according to each field and scale... However, accounting policies are not really consistent, the guidance is not clear, so enterprises applying them in practice still face many difficulties and obstacles, at the same time, the intentional "distortion" of Financial Statements is still complicated depending on the purpose of the enterprise leaders, thereby affecting the information on the Financial Statements provided by the enterprises.