Chương I Thông tư 24/2024/TT-BTC: Quy định chung

Chapter I

GENERAL PROVISIONS

Article 1. Scope

This Circular provides guidelines for public sector accounting, including: accounting records, chart of accounts, accounting books, final statements of operating funding, and financial statements; procedures for printing, sorting and binding of accounting records for retention purpose of the entities mentioned in Article 2 of this Circular.

Article 2. Regulated entities 

1. This Circular provides guidelines for accounting for the following accounting units:

a) Regulatory authorities (except People's Committees of communes, wards, and commune-level towns that are funded by commune-level budget);

b) Public administrative units (except public administrative units that self-cover both recurrent and investment expenses and are allowed by competent authorities to apply corporate accounting regimes; however, if these units are allocated state budget estimates with domestic funding sources, receive ODA grants from foreign donors which are recorded as state budget revenues, receive foreign loans for implementing projects, or incur expenses which are covered with deducted or retained amount of collected fees as prescribed by the law on fees and charges, they shall be required to prepare final statements of operating funding according to provisions of Appendix III enclosed herewith);

c) Political organizations; socio-political organizations; Vietnamese Fatherland Front and other authorities, organizations and units that are funded by state budget;

d) Organizations, authorities and units that apply financial autonomy of public administrative units.

2. Organizations, authorities and units are assigned to manage and do bookkeeping of infrastructure assets in accordance with regulations of law on management and use of public property. Enterprises assigned to manage infrastructure assets without calculation of state capital portion of such enterprises shall apply off-balance-sheet (OBS) accounts prescribed in this Circular to recording of entries in their accounting books; enterprises assigned to manage infrastructure assets with calculation of state capital portion of such enterprises shall do bookkeeping in accordance with regulations on corporate accounting.

3. Depending on their operations, other organizations, authorities and units that are not funded by state budget may do accounting in accordance with provisions herein.

Article 3. Accounting units, financially dependent units and spending units

1. Accounting units are the regulated entities of this Circular as defined in Article 2 of this Circular that conduct economic/financial transactions, open accounting books, do bookkeeping and make financial statements in accordance with provisions of this Circular.

2. Depending on its apparatus and operations, each accounting unit may establish its financially dependent units and/or spending units in a simplified and efficient manner.

a) Financially dependent units are inferior units of an accounting unit that perform certain accounting works as assigned by the accounting unit, and provide information and data to the accounting unit for making financial statements at the end of each accounting period in accordance with provisions of this Circular.

b) Spending units are inferior units of an accounting unit that do not perform any accounting works. Any economic/financial transactions that occur at spending units must be recorded in the accounting book of the accounting unit. Preparation and transfer of accounting records by spending units shall comply with guidelines given by the accounting unit.