Chapter III
IMPLEMENTATION
Article 11. Use of accounting software
1. Accounting software programs may be employed for performing accounting works as prescribed in this Circular.
2. The use of an accounting software program must ensure full compliance with accounting processes and operations prescribed in this Circular, be conformable with the structure and operation of units, and meet the following requirements:
a) Processes established in the software program must comply with regulations of the Law on accounting, and not cause any changes in the nature, principles and methods of accounting, as well as information/data on the reports/statements prescribed in this Circular and relevant laws.
b) Accounting processes, information and data which are related to each other must be handled in an accurate and rational manner to avoid overlapping.
c) Accounting information/data must meet safety and security requirements; comply with provisions of law on confidentiality and safety of information. Authority to perform operational steps must be assigned in an appropriate manner that enables the control of access rights of users; is capable of logging entries made in accounting books in chronological order, and preventing or warning of errors that may occur when inputting data and during the processing of accounting information/data. The established information system must be capable of warning and preventing any deliberate intervention acts to alter the information/data recorded in accounting books.
d) The interface must be user-friendly and convenient, and have distinguished information fields; be capable of quickly performing accounting processes, and providing various utilities to users to meet management requirements of units; providing output data as required by the recipients of information/data (superior accounting units, state treasuries and other recipients) for making consolidated reports as prescribed.
dd) Appropriate upgrades and modifications may be made to be conformable with certain changes in accounting and financial policies; the accounting software program must be capable of connecting or ready to connect to relevant software programs at the request of competent authorities.
3. The unit’s head, chief accounting/acting chief accountant and relevant persons shall assume responsibility for the accuracy and truthfulness of accounting information/data presented on accounting books and reports obtained/printed from accounting software programs.
Article 12. Responsibility of relevant authorities and units
1. Finance authorities and state treasuries
a) Finance authorities are responsible for performance of state management of accounting in accordance with regulations of law on accounting; inspection of the compliance with public sector accounting policies by accounting units under their management.
b) Local finance authorities shall cooperate with local competent authorities in providing advice for same-level People’s Committees on plans for organizing local accounting units that must be reasonable, and meet streamlined and professional accounting apparatus requirements to perform accounting works, improve quality of reports submitted by accounting units, and properly and safely manage State cash and assets at units.
c) Finance authorities and state treasuries of same level shall cooperate with units in comparing, verifying, correcting, providing and use data on receipt and use of funding sources, management and use of assets, and other financial activities of accounting units within the ambit of their assigned functions and tasks.
2. Level-I estimation units
a) Level-I estimation units that have affiliated units shall, within the ambit of their assigned tasks and powers, organize accounting works for their affiliated units to ensure that all economic/financial transactions that occur at such units must be recorded in their accounting books and financial statements in accordance with provisions of this Circular in order to properly and safely manage the State cash and assets.
- Level-I estimation units must issue documents confirming their affiliated accounting units that are required to prepare financial statements as prescribed in this Circular; other units that are not accounting units may be considered as financially dependent units or spending units of accounting units.
- Level-I estimation units shall issue payment codes to their affiliated accounting units to serve consistent accounting and establish the basis for comparison and exclusion of internal transactions when preparing consolidated financial statements of level-I estimation units as prescribed.
- Level-I estimation units shall carry out inspection of compliance with accounting policies by their affiliated accounting units.
b) Level-I estimation units that are funded by state budget are considered as accounting units and required to prepare financial statements in accordance with provisions of this Circular.
3. Accounting units
a) Accounting units shall organize their own accounting apparatus, assign accounting works to their financially dependent units, and instruct them to organize accounting works, and provide information/data for comparison and exclusion of internal transactions and preparation of financial statements of accounting units as prescribed in this Circular.
b) Accounting units must open accounting books and fully record economic/financial transactions that occur at their units in conformity with financial mechanisms applied at their units; comply with professional accounting processes prescribed in this Circular.
c) Accounting units must make final statements of operating funding and financial statements as prescribed in this Circular. Persons whose signatures appear on reports/statements must control or monitor the information/data presented in such reports/statements to ensure their accuracy, matching and conformity with the provisions of this Circular and relevant laws.
4. Financially dependent units
a) Financially dependent units must open accounting books, fully make entries in their accounting books, and retain accounting documents as assigned by their superior accounting units and in accordance with provisions of this Circular.
b) At the end of each accounting period, financially dependent units must provide information/data according to instructions given by their superior accounting units to serve their data consolidation and preparation of financial statements as prescribed in this Circular.
Article 13. Effect
1. This Circular comes into force from January 01, 2025 and applies from the fiscal year 2025.
2. As from the date of entry into force of this Circular, the documents listed hereunder shall cease to have effect:
a) The Circular No. 107/2017/TT-BTC dated October 10, 2017 of the Ministry of Finance of Vietnam;
b) The Circular No. 108/2018/TT-BTC dated November 15, 2018 of the Ministry of Finance of Vietnam;
c) The Circular No. 76/2019/TT-BTC dated November 05, 2019 of the Ministry of Finance of Vietnam;
d) The Circular No. 79/2019/TT-BTC dated November 14, 2019 of the Ministry of Finance of Vietnam.
3. If any legislative documents referred to in this Circular are amended or replaced, the new ones shall apply.
Article 14. Transition
1. After accounting books are closed to serve the preparation of financial statements in 2024, balances must be carried forward to new accounts as prescribed in this Circular.
2. Opening balances of the year 2025 in the following reports may be subject to retrospective application after the balances are carried forward from the year 2024, including:
a) Financial status report;
b) Notes to financial statements regarding contents on financial status.
3. Carrying forward of balances on accounts shall comply with guidelines in Appendix VI “Guidelines for carrying forward of account balances” enclosed herewith.
Article 15. Implementation
1. Ministries, ministerial agencies, Governmental agencies and provincial People's Committees shall direct units under their authority or management that are regulated of this Circular to implement provisions of this Circular.
2. Director of the Department of Accounting and Auditing Regulations, and heads of relevant units affiliated to the Ministry of Finance of Vietnam shall disseminate, instruct, inspect and implement this Circular./.
Tìm kiếm
Thông tư 24/2024/TT-BTC (Bản Word)
