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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
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    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)

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    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

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