IDEAS home Printed from https://ideas.repec.org/a/ibn/ijefaa/v10y2018i3p36-46.html
   My bibliography  Save this article

Disadvantages and Motivation of Consolidated Financial Statements Preparation in Vietnam

Author

Listed:
  • Phi Thi Diem Hong
  • Vu Thi Kim Anh
  • Manh Dung Tran

Abstract

This study is conducted for investigating disadvantages and motivations of consolidated financial statements (CFSs) with illustration of Vietnamese economic groups. As the requirements of international integration process, the international accounting harmonization contributes to do better the financial information presentation, but how to harmonize successfully is question is not easy to be answered. Data were collected from 15 economic groups in order to have primary data. Then, assumed two key hypotheses to attest the conclusions in early researches. The results show that accounting staffs knowledge as biggest obstacle and legislation as a key motivation of CFSs preparation in Vietnam. The research also finds that the purpose of CFSs is quite difference between different capital owned group types, and the current quality of the CFSs are not still absolutely convincing the users.

Suggested Citation

  • Phi Thi Diem Hong & Vu Thi Kim Anh & Manh Dung Tran, 2018. "Disadvantages and Motivation of Consolidated Financial Statements Preparation in Vietnam," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(3), pages 36-46, March.
    • Handle: RePEc:ibn:ijefaa:v:10:y:2018:i:3:p:36-46
    as

    Download full text from publisher

    File URL: http://ccsenet.org/journal/index.php/ijef/article/view/72638/40254
    Download Restriction: no
    File URL: http://ccsenet.org/journal/index.php/ijef/article/view/72638
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Whittred, Greg, 1987. "The derived demand for consolidated financial reporting," Journal of Accounting and Economics, Elsevier, vol. 9(3), pages 259-285, December.
    2. Ding, Yuan & Su, Xijia, 2008. "Implementation of IFRS in a regulated market," Journal of Accounting and Public Policy, Elsevier, vol. 27(6), pages 474-479.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhang, Eagle & Andrew, Jane, 2016. "Rethinking China: Discourse, convergence and fair value accounting," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 36(C), pages 1-21.
    2. Jiang, Haiyan & Chen, Jun, 2019. "Short selling and financial reporting quality: Evidence from Chinese AH shares," Journal of Contemporary Accounting and Economics, Elsevier, vol. 15(1), pages 118-130.
    3. Indra Abeysekera & Feng Li & Yingjun Lu, 2021. "Financial disclosure quality and sustainability disclosure quality. A case in China," PLOS ONE, Public Library of Science, vol. 16(5), pages 1-20, May.
    4. Xue, Qingmei & Zan, Luca, 2023. "The Chinese accounting profession in the People’s Republic: A preliminary understanding from an oral history perspective," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 94(C).
    5. Xue, Qingmei & Zan, Luca, 2022. "The Chinese accounting profession in the People’s Republic: A preliminary understanding from an oral history perspective," MPRA Paper 114407, University Library of Munich, Germany.
    6. Arslan-Ayaydin, Özgür & Chen, Shimin & Ni, Serene Xu & Thewissen, James, 2022. "Is cross-listing a panacea for improving earnings quality? The case of H- and B-share firms in China," International Review of Financial Analysis, Elsevier, vol. 81(C).
    7. Tan, Youchao & Zhu, Zhenmei & Zeng, Cheng & Gao, Minghua, 2014. "Does external finance pressure affect corporate disclosure of Chinese non-state-owned enterprises?," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 212-222.
    8. Yu Ling Tsai & Hua-Wei Huang, 2020. "Does Convergent-IFRS Adoption in China Increase Audit Fees?," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-21, March.
    9. Denis Cormier & Paul André & Emmanuelle Cargnello-Charles, 2000. "Déterminants de la décision de consolider les filiales de financement : le cas de la France," Post-Print halshs-00587445, HAL.
    10. Yiyang Gu & Peng Wu & Lei Gao, 2024. "RETRACTED ARTICLE: Does the political promotion incentive of state-owned enterprise executives facilitate green innovation?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-31, April.
    11. Watts, Ross L., 1992. "Accounting choice theory and market-based research in accounting," The British Accounting Review, Elsevier, vol. 24(3), pages 235-267.
    12. Bessler, Wolfgang & Gonenc, Halit & Tinoco, Mario Hernandez, 2023. "Information asymmetry, agency costs, and payout policies: An international analysis of IFRS adoption and the global financial crisis," Economic Systems, Elsevier, vol. 47(4).
    13. Lambert Jerman, 2015. "Les Enjeux De L'Application Des Normes Ias-Ifrs : L'Etude Des Preparateurs Des Comptes, Une Perspective De Recherche Encore Inexploree," Post-Print hal-01188736, HAL.
    14. Michael Bradbury & Graeme Dean & Frank L. Clarke, 2009. "Incentives for Non‐Disclosure by Corporate Groups," Abacus, Accounting Foundation, University of Sydney, vol. 45(4), pages 429-454, December.
    15. Eng, Li Li & Sun, Li & Vichitsarawong, Thanyaluk, 2013. "The valuation properties of earnings and book values reported under IAS, domestic GAAP and U.S. GAAP: Evidence from China, Hong Kong, Japan, Korea and Singapore," Advances in accounting, Elsevier, vol. 29(2), pages 278-285.
    16. Vedika Saxena & Seshadev Sahoo, 2020. "Determinants of Intercorporate Investments: An Empirical Investigation of Indian Firms," IJFS, MDPI, vol. 9(1), pages 1-15, December.
    17. Guerreiro, Marta Silva & Rodrigues, Lúcia Lima & Craig, Russell, 2012. "Factors influencing the preparedness of large unlisted companies to implement adapted International Financial Reporting Standards in Portugal," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 21(2), pages 169-184.
    18. Ru-Je Lee & Hui-Sung Kao, 2018. "The Impacts of IFRSs and Auditor on Tax Avoidance," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 8(6), pages 1-2.
    19. Anna Bedford & Martin Bugeja & Nelson Ma, 2022. "The impact of IFRS 10 on consolidated financial reporting," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 101-141, March.
    20. Veronique Mazay & Trevor Wilkins & Ian Zimmer, 1993. "Determinants of the Choice of Accounting for Investments in Associated Companies," Contemporary Accounting Research, John Wiley & Sons, vol. 10(1), pages 31-59, September.

    More about this item

    Keywords

    Vietnamese economic group; consolidated financial statements; Vietnam;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijefaa:v:10:y:2018:i:3:p:36-46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.