{"id":4446,"date":"2024-03-22T13:10:56","date_gmt":"2024-03-22T06:10:56","guid":{"rendered":"https:\/\/brochure.crowevietnam.vn\/en\/?post_type=an-pham&#038;p=4446"},"modified":"2026-05-05T14:02:56","modified_gmt":"2026-05-05T07:02:56","slug":"ifrs","status":"publish","type":"insight","link":"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs\/","title":{"rendered":"Insights &#8211; International Financial Reporting Standards (IFRS)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4446\" class=\"elementor elementor-4446\" data-elementor-post-type=\"insight\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d705cf e-flex e-con-boxed e-con e-parent\" data-id=\"2d705cf\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a31d374 e-con-full e-flex e-con e-child\" data-id=\"a31d374\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bed9e33 elementor-widget elementor-widget-text-editor\" data-id=\"bed9e33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Insights<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaef3ec elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"eaef3ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002d62;color:#002d62\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002d62;color:#002d62\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#International-Financial-Reporting-Standards-IFRS\" >International Financial Reporting Standards (IFRS)<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Latest-IFRS-insights\" >Latest IFRS insights<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#IFRS-15-%E2%80%93-Contracts-with-Multiple-Performance-Obligations-and-Timing-of-Revenue-Recognition-Over-Time-or-at-a-Point-in-Time\" >IFRS 15 &#8211; Contracts with Multiple Performance Obligations and Timing of Revenue Recognition: Over Time or at a Point in Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#The-Revaluation-Model-under-IAS-16-Application-Guidance-for-Vietnamese-Enterprises\" >The Revaluation Model under IAS 16: Application Guidance for Vietnamese Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Indicators-of-impairment-under-IAS-36-A-checklist-for-Vietnamese-entities\" >Indicators of impairment under IAS 36: A checklist for Vietnamese entities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Estimating-provisions-under-IAS-37-when-should-expected-value-be-used-and-when-should-the-most-likely-outcome-be-used\" >Estimating provisions under IAS 37: when should expected value be used, and when should the most likely outcome be used?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Capitalising-decommissioning-removal-and-site-restoration-obligations-into-the-cost-of-Property-Plant-and-Equipment-PPE-under-IAS-16-%E2%80%93-key-differences-from-VAS-03-and-Circular-99\" >Capitalising decommissioning, removal and site restoration obligations into the cost of Property, Plant and Equipment (PPE) under IAS 16 &#8211; key differences from VAS 03 and Circular 99<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Classification-of-financial-assets-under-IFRS-9-when-to-measure-at-amortised-cost-at-fair-value-through-profit-or-loss-FVTPL-or-at-fair-value-through-other-comprehensive-income-FVOCI\" >Classification of financial assets under IFRS 9: when to measure at amortised cost, at fair value through profit or loss (FVTPL), or at fair value through other comprehensive income (FVOCI)?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Our-services\" >Our services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Other-related-content\" >Other related content<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Newsletter\" >Newsletter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Blog\" >Blog<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/#Seminars-Events\" >Seminars &amp; Events<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"International-Financial-Reporting-Standards-IFRS\"><\/span>International Financial Reporting Standards (IFRS)<span class=\"ez-toc-section-end\"><\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f70eee2 elementor-widget elementor-widget-text-editor\" data-id=\"f70eee2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Crowe Vietnam consolidates valuable information related to International Financial Reporting Standards (IFRS), helping you stay updated, gain a clear understanding of the latest IFRS standards, and apply them effectively to your business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6886d7d e-flex e-con-boxed e-con e-parent\" data-id=\"6886d7d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-32f8b5d e-con-full e-flex e-con e-child\" data-id=\"32f8b5d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-82a4b38 elementor-widget elementor-widget-html\" data-id=\"82a4b38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n        <link rel=\"stylesheet\" href=\"\/en\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/sass\/book_1_1_0.min.css?v=12\">\r\n\t\t<section class=\"book_1_1_0\">\r\n                <div class=\"book_1_1_0__menu\">\r\n                    <div class=\"book_1_1_0__menuTitle\" id=\"groupinsights-ifrs\">Content <img decoding=\"async\" src=\"\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/arrow.svg\" alt=\"arrow\" \/><\/div>\r\n                    <ul class=\"book_1_1_0__menuContent\" id=\"menuinsights-ifrs\"><\/ul>\r\n                <\/div>\r\n                <div class=\"book_1_1_0__line\">\r\n                    <div class=\"book_1_1_0__content\" id=\"contentinsights-ifrs\"><\/div>\r\n                <\/div>\r\n        <\/section>\r\n        <script src=\"\/en\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/js\/book_1_1_0.min.js?v=15\"><\/script>\r\n        <script>\r\n            bookTab2(\"insights-ifrs\", \"4446\", \"menuinsights-ifrs\", \"contentinsights-ifrs\", \"groupinsights-ifrs\", \"insights-ifrs\");\r\n        <\/script>\r\n        \r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-326eae9 e-flex e-con-boxed e-con e-parent\" data-id=\"326eae9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ef5b110 e-con-full e-flex e-con e-child\" data-id=\"ef5b110\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3c1012f elementor-widget elementor-widget-heading\" data-id=\"3c1012f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Latest-IFRS-insights\"><\/span>Latest IFRS insights<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0812bba elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"0812bba\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21579 insight type-insight status-publish has-post-thumbnail hentry insight_categories-accounting\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-15-contracts-with-multiple-performance-obligations-and-timing-of-revenue-recognition\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"750\" src=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/09\/ifrs-15-contracts-with-multiple-performance-obligations-and-timing-of-revenue-recognition.jpg\" class=\"attachment-full size-full wp-image-21580\" alt=\"IFRS 15 - Contracts with Multiple Performance Obligations and Timing of Revenue Recognition: Over Time or at a Point in Time\" srcset=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/09\/ifrs-15-contracts-with-multiple-performance-obligations-and-timing-of-revenue-recognition.jpg 1000w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/09\/ifrs-15-contracts-with-multiple-performance-obligations-and-timing-of-revenue-recognition-300x225.jpg 300w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/09\/ifrs-15-contracts-with-multiple-performance-obligations-and-timing-of-revenue-recognition-768x576.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Accounting<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\"><span class=\"ez-toc-section\" id=\"IFRS-15-%E2%80%93-Contracts-with-Multiple-Performance-Obligations-and-Timing-of-Revenue-Recognition-Over-Time-or-at-a-Point-in-Time\"><\/span>\n\t\t\t<a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-15-contracts-with-multiple-performance-obligations-and-timing-of-revenue-recognition\/\" >\n\t\t\t\tIFRS 15 &#8211; Contracts with Multiple Performance Obligations and Timing of Revenue Recognition: Over Time or at a Point in Time\t\t\t<\/a>\n\t\t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-15-contracts-with-multiple-performance-obligations-and-timing-of-revenue-recognition\/\" aria-label=\"Read more about IFRS 15 &#8211; Contracts with Multiple Performance Obligations and Timing of Revenue Recognition: Over Time or at a Point in Time\" tabindex=\"-1\" >\n\t\t\tView details \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t03\/09\/2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21537 insight type-insight status-publish has-post-thumbnail hentry insight_categories-accounting\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/the-revaluation-model-under-ias-16\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"1000\" height=\"750\" src=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/the-revaluation-model-under-ias-16-crowe.jpg\" class=\"attachment-full size-full wp-image-21538\" alt=\"The Revaluation Model under IAS 16: Application Guidance for Vietnamese Enterprises\" srcset=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/the-revaluation-model-under-ias-16-crowe.jpg 1000w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/the-revaluation-model-under-ias-16-crowe-300x225.jpg 300w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/the-revaluation-model-under-ias-16-crowe-768x576.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Accounting<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\"><span class=\"ez-toc-section\" id=\"The-Revaluation-Model-under-IAS-16-Application-Guidance-for-Vietnamese-Enterprises\"><\/span>\n\t\t\t<a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/the-revaluation-model-under-ias-16\/\" >\n\t\t\t\tThe Revaluation Model under IAS 16: Application Guidance for Vietnamese Enterprises\t\t\t<\/a>\n\t\t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/the-revaluation-model-under-ias-16\/\" aria-label=\"Read more about The Revaluation Model under IAS 16: Application Guidance for Vietnamese Enterprises\" tabindex=\"-1\" >\n\t\t\tView details \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t10\/08\/2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21530 insight type-insight status-publish has-post-thumbnail hentry insight_categories-accounting\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/indicators-of-impairment-under-ias-36\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"1000\" height=\"750\" src=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/indicators-of-impairment-under-ias-36.jpg\" class=\"attachment-full size-full wp-image-21531\" alt=\"Indicators of impairment under IAS 36: A checklist for Vietnamese entities\" srcset=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/indicators-of-impairment-under-ias-36.jpg 1000w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/indicators-of-impairment-under-ias-36-300x225.jpg 300w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/indicators-of-impairment-under-ias-36-768x576.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Accounting<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\"><span class=\"ez-toc-section\" id=\"Indicators-of-impairment-under-IAS-36-A-checklist-for-Vietnamese-entities\"><\/span>\n\t\t\t<a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/indicators-of-impairment-under-ias-36\/\" >\n\t\t\t\tIndicators of impairment under IAS 36: A checklist for Vietnamese entities\t\t\t<\/a>\n\t\t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/indicators-of-impairment-under-ias-36\/\" aria-label=\"Read more about Indicators of impairment under IAS 36: A checklist for Vietnamese entities\" tabindex=\"-1\" >\n\t\t\tView details \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t05\/08\/2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21485 insight type-insight status-publish has-post-thumbnail hentry insight_categories-accounting\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/estimating-provisions-under-ias-37\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" src=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/Estimating-provisions-under-IAS-37.jpg\" class=\"attachment-full size-full wp-image-21486\" alt=\"Estimating provisions under IAS 37\" srcset=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/Estimating-provisions-under-IAS-37.jpg 1000w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/Estimating-provisions-under-IAS-37-300x225.jpg 300w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/08\/Estimating-provisions-under-IAS-37-768x576.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Accounting<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\"><span class=\"ez-toc-section\" id=\"Estimating-provisions-under-IAS-37-when-should-expected-value-be-used-and-when-should-the-most-likely-outcome-be-used\"><\/span>\n\t\t\t<a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/estimating-provisions-under-ias-37\/\" >\n\t\t\t\tEstimating provisions under IAS 37: when should expected value be used, and when should the most likely outcome be used?\t\t\t<\/a>\n\t\t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/estimating-provisions-under-ias-37\/\" aria-label=\"Read more about Estimating provisions under IAS 37: when should expected value be used, and when should the most likely outcome be used?\" tabindex=\"-1\" >\n\t\t\tView details \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t04\/08\/2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21472 insight type-insight status-publish has-post-thumbnail hentry insight_categories-accounting\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/capitalising-decommissioning-removal-and-site-restoration-obligations-into-the-cost-of-ppe-under-ias-16\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" src=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Capitalisation-of-decommissioning-and-restoration-obligations-under-IAS-16.jpg\" class=\"attachment-full size-full wp-image-21473\" alt=\"Capitalising decommissioning, removal and site restoration obligations into the cost of Property, Plant and Equipment (PPE) under IAS 16\" srcset=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Capitalisation-of-decommissioning-and-restoration-obligations-under-IAS-16.jpg 1000w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Capitalisation-of-decommissioning-and-restoration-obligations-under-IAS-16-300x225.jpg 300w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Capitalisation-of-decommissioning-and-restoration-obligations-under-IAS-16-768x576.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Accounting<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\"><span class=\"ez-toc-section\" id=\"Capitalising-decommissioning-removal-and-site-restoration-obligations-into-the-cost-of-Property-Plant-and-Equipment-PPE-under-IAS-16-%E2%80%93-key-differences-from-VAS-03-and-Circular-99\"><\/span>\n\t\t\t<a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/capitalising-decommissioning-removal-and-site-restoration-obligations-into-the-cost-of-ppe-under-ias-16\/\" >\n\t\t\t\tCapitalising decommissioning, removal and site restoration obligations into the cost of Property, Plant and Equipment (PPE) under IAS 16 &#8211; key differences from VAS 03 and Circular 99\t\t\t<\/a>\n\t\t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/capitalising-decommissioning-removal-and-site-restoration-obligations-into-the-cost-of-ppe-under-ias-16\/\" aria-label=\"Read more about Capitalising decommissioning, removal and site restoration obligations into the cost of Property, Plant and Equipment (PPE) under IAS 16 &#8211; key differences from VAS 03 and Circular 99\" tabindex=\"-1\" >\n\t\t\tView details \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t30\/07\/2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21464 insight type-insight status-publish has-post-thumbnail hentry insight_categories-accounting\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" src=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Classification-of-financial-assets-under-IFRS-9.jpg\" class=\"attachment-full size-full wp-image-21465\" alt=\"Classification of financial assets under IFRS 9\" srcset=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Classification-of-financial-assets-under-IFRS-9.jpg 1000w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Classification-of-financial-assets-under-IFRS-9-300x225.jpg 300w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/07\/Classification-of-financial-assets-under-IFRS-9-768x576.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Accounting<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\"><span class=\"ez-toc-section\" id=\"Classification-of-financial-assets-under-IFRS-9-when-to-measure-at-amortised-cost-at-fair-value-through-profit-or-loss-FVTPL-or-at-fair-value-through-other-comprehensive-income-FVOCI\"><\/span>\n\t\t\t<a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/\" >\n\t\t\t\tClassification of financial assets under IFRS 9: when to measure at amortised cost, at fair value through profit or loss (FVTPL), or at fair value through other comprehensive income (FVOCI)?\t\t\t<\/a>\n\t\t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/classification-of-financial-assets-under-ifrs-9\/\" aria-label=\"Read more about Classification of financial assets under IFRS 9: when to measure at amortised cost, at fair value through profit or loss (FVTPL), or at fair value through other comprehensive income (FVOCI)?\" tabindex=\"-1\" >\n\t\t\tView details \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t30\/07\/2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-55e97f7 e-flex e-con-boxed e-con e-parent\" data-id=\"55e97f7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-389fc03 e-con-full e-flex e-con e-child\" data-id=\"389fc03\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c7d1494 elementor-widget elementor-widget-heading\" data-id=\"c7d1494\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Our-services\"><\/span>Our services<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-752bc7b elementor-widget elementor-widget-text-editor\" data-id=\"752bc7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Are you looking for guidance on developing a roadmap for adopting International Financial Reporting Standards (IFRS) for your business? Do you need support in converting financial statements to IFRS, enhancing your accounting systems to ensure stability and compliance, or training your team on IFRS? Whatever your needs may be, from initial preparation to implementation and financial statement consolidation, Crowe Vietnam offers tailored solutions to support you at every stage.<\/p><p><strong>Explore our IFRS service offerings below to begin your transformation journey with confidence and efficiency.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-90dd343 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"90dd343\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/ifrs-services\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4692ea3 e-con-full e-flex e-con e-child\" data-id=\"4692ea3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d934187 elementor-widget elementor-widget-image\" data-id=\"d934187\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"662\" src=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2024\/03\/ifrs-services-crowe-vietnam.webp\" class=\"attachment-full size-full wp-image-20944\" alt=\"IFRS Services Crowe Vietnam\" srcset=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2024\/03\/ifrs-services-crowe-vietnam.webp 1000w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2024\/03\/ifrs-services-crowe-vietnam-300x199.webp 300w, https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2024\/03\/ifrs-services-crowe-vietnam-768x508.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ceab9e9 e-flex e-con-boxed e-con e-parent\" data-id=\"ceab9e9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4aae619 e-con-full e-flex e-con e-child\" data-id=\"4aae619\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4028808 elementor-widget elementor-widget-heading\" data-id=\"4028808\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Other-related-content\"><\/span>Other related content<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f4ffba0 e-con-full e-flex e-con e-child\" data-id=\"f4ffba0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-490b974 elementor-view-framed elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"490b974\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-clipboard-list\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M336 64h-80c0-35.3-28.7-64-64-64s-64 28.7-64 64H48C21.5 64 0 85.5 0 112v352c0 26.5 21.5 48 48 48h288c26.5 0 48-21.5 48-48V112c0-26.5-21.5-48-48-48zM96 424c-13.3 0-24-10.7-24-24s10.7-24 24-24 24 10.7 24 24-10.7 24-24 24zm0-96c-13.3 0-24-10.7-24-24s10.7-24 24-24 24 10.7 24 24-10.7 24-24 24zm0-96c-13.3 0-24-10.7-24-24s10.7-24 24-24 24 10.7 24 24-10.7 24-24 24zm96-192c13.3 0 24 10.7 24 24s-10.7 24-24 24-24-10.7-24-24 10.7-24 24-24zm128 368c0 4.4-3.6 8-8 8H168c-4.4 0-8-3.6-8-8v-16c0-4.4 3.6-8 8-8h144c4.4 0 8 3.6 8 8v16zm0-96c0 4.4-3.6 8-8 8H168c-4.4 0-8-3.6-8-8v-16c0-4.4 3.6-8 8-8h144c4.4 0 8 3.6 8 8v16zm0-96c0 4.4-3.6 8-8 8H168c-4.4 0-8-3.6-8-8v-16c0-4.4 3.6-8 8-8h144c4.4 0 8 3.6 8 8v16z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b18b7ca elementor-widget elementor-widget-heading\" data-id=\"b18b7ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Newsletter\"><\/span>Newsletter<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67e167f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"67e167f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/news\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3b71b2d e-con-full e-flex e-con e-child\" data-id=\"3b71b2d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f820fac elementor-view-framed 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elementor-widget-heading\" data-id=\"c9bb5fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Blog\"><\/span>Blog<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91b85e7 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"91b85e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/blog\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element 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data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/seminars-events\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Insights International Financial Reporting Standards (IFRS) Crowe Vietnam consolidates valuable information related to International Financial Reporting Standards (IFRS), helping you stay updated, gain a clear understanding of the latest IFRS standards, and apply them effectively to your business. Latest IFRS insights Our services Are you looking for guidance on developing a roadmap for adopting International [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":16647,"comment_status":"open","ping_status":"open","template":"elementor_header_footer","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","_members_access_role":[],"_members_access_error":""},"insight_categories":[121],"class_list":["post-4446","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_categories-accounting"],"acf":{"group_admin_control":["show"],"group_admin":["show_module_main"],"group_page_field":{"":null,"header_custom":null,"body_custom":[{"acf_fc_layout":"book_1_1_0","book_list":[{"acf_fc_layout":"book_layout","book_id":"insights-ifrs","book_list":[{"book_title":"Regulations and standards related to IAS and IFRS ","book_info":"https:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-a.png\r\nhttps:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-a-active.png","book_content":"<p style=\"text-align: center;\"><strong>*** Please click on the tabs below to view the corresponding details ***<\/strong><\/p>\r\n[faq_1_0_0 id=\"insights-ifrs-1\"]"},{"book_title":"Overview and fundamentals of IFRS","book_info":"https:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-b.png\r\nhttps:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-b-active.png","book_content":"<p style=\"text-align: center;\"><strong>*** Please click on the tabs below to view the corresponding details ***<\/strong><\/p>\r\n[faq_1_0_0 id=\"insights-ifrs-2\"]"},{"book_title":"Comparison between IFRS and VAS ","book_info":"https:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-c.png\r\nhttps:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-c-active.png","book_content":"<p style=\"text-align: center;\"><strong>*** Please click on the tabs below to view the corresponding details ***<\/strong><\/p>\r\n[faq_1_0_0 id=\"insights-ifrs-3\"]"},{"book_title":"In-depth analysis of specific IFRS and IAS standards ","book_info":"https:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-d.png\r\nhttps:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-d-active.png","book_content":"We have prepared detailed and in-depth analyses for specific IFRS and IAS standards. Please refer to the list of standards and corresponding article links below:\r\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"text-align: center; width: 4.48065%;\"><strong>No.<\/strong><\/td>\r\n<td style=\"text-align: center; width: 32.9939%;\"><strong>Standard<\/strong><\/td>\r\n<td style=\"text-align: center; width: 50.1018%;\"><strong>Summary of Content<\/strong><\/td>\r\n<td style=\"text-align: center; width: 12.4236%;\"><strong>Article Link<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">1<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 1 - First-time Adoption of International Financial Reporting Standards<\/td>\r\n<td style=\"width: 50.1018%;\">Sets out the procedures and principles for an entity's first transition from previous accounting standards to IFRS.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-1\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">2<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 3 - Business Combinations<\/td>\r\n<td style=\"width: 50.1018%;\">Prescribes the acquisition method and the requirements for determining goodwill in merger and acquisition transactions.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-3\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">3<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 7 - Financial Instruments: Disclosures<\/td>\r\n<td style=\"width: 50.1018%;\">Requires disclosures regarding the significance of financial instruments and the nature and extent of risks arising from them.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-7\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">4<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 9 - Financial Instruments<\/td>\r\n<td style=\"width: 50.1018%;\">Sets out requirements for classification and measurement of financial assets\/liabilities and the Expected Credit Loss (ECL) model.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-9\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">5<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 10 - Consolidated Financial Statements<\/td>\r\n<td style=\"width: 50.1018%;\">Establishes principles of control and requirements for the preparation of consolidated financial statements for a group.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-10\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">6<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 13 - Fair Value Measurement<\/td>\r\n<td style=\"width: 50.1018%;\">Provides a single framework for measuring fair value and related disclosure requirements.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-13\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">7<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 15 - Revenue from Contracts with Customers<\/td>\r\n<td style=\"width: 50.1018%;\">Establishes a 5-step model for revenue recognition based on the satisfaction of performance obligations.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-15\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">8<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 16 - Leases (Transition Notes)<\/td>\r\n<td style=\"width: 50.1018%;\">Key considerations when transitioning to the model where lessees recognize most leases on the Statement of Financial Position.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-16\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">9<\/td>\r\n<td style=\"width: 32.9939%;\">IFRS 17 - Insurance Contracts<\/td>\r\n<td style=\"width: 50.1018%;\">Principles for the recognition, measurement, presentation, and disclosure of insurance contracts.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ifrs-17\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">10<\/td>\r\n<td style=\"width: 32.9939%;\">IAS 1 - Presentation of Financial Statements<\/td>\r\n<td style=\"width: 50.1018%;\">Prescribes the basis for presentation, structure, and minimum content of a complete set of financial statements.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ias-1\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">11<\/td>\r\n<td style=\"width: 32.9939%;\">IAS 12 - Income Taxes<\/td>\r\n<td style=\"width: 50.1018%;\">Accounting for current tax and deferred tax arising from temporary differences.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ias-12\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">12<\/td>\r\n<td style=\"width: 32.9939%;\">IAS 16 - Property, Plant and Equipment<\/td>\r\n<td style=\"width: 50.1018%;\">Principles for the recognition, measurement, depreciation, and derecognition of Property, Plant and Equipment (PPE).<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ias-16\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">13<\/td>\r\n<td style=\"width: 32.9939%;\">IAS 19 - Employee Benefits<\/td>\r\n<td style=\"width: 50.1018%;\">Accounting for employee benefits, including pensions and post-employment benefits.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ias-19\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">14<\/td>\r\n<td style=\"width: 32.9939%;\">IAS 27 - Separate Financial Statements<\/td>\r\n<td style=\"width: 50.1018%;\">Accounting for and presenting investments in subsidiaries, joint ventures, and associates in Separate Financial Statements.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ias-27\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">15<\/td>\r\n<td style=\"width: 32.9939%;\">IAS 28 - Investments in Associates and Joint Ventures<\/td>\r\n<td style=\"width: 50.1018%;\">Application of the Equity Method for investments in associates and joint ventures.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ias-28\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 4.48065%;\">16<\/td>\r\n<td style=\"width: 32.9939%;\">IAS 37 - Provisions, Contingent Liabilities and Contingent Assets<\/td>\r\n<td style=\"width: 50.1018%;\">Principles for recognizing Provisions and disclosing Contingent Liabilities and Contingent Assets.<\/td>\r\n<td style=\"width: 12.4236%;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/insights\/ias-37\/\">View Details<\/a><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"},{"book_title":"Guidelines for converting financial statements from VAS to IFRS","book_info":"https:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-e.png\r\nhttps:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-e-active.png","book_content":"<p style=\"text-align: center;\"><strong>*** Please click on the tabs below to view the corresponding details ***<\/strong><\/p>\r\n[faq_1_0_0 id=\"insights-ifrs-5\"]"},{"book_title":"In-depth Q&A ","book_info":"https:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-f.png\r\nhttps:\/\/brochure.crowevietnam.vn\/wp-content\/themes\/astra-child\/Module\/book_1_1_0\/images\/text-f-active.png","book_content":"<p style=\"text-align: center;\"><strong>*** Please click on the tabs below to view the corresponding details ***<\/strong><\/p>\r\n[faq_1_0_0 id=\"insights-ifrs-6\"]"}]}]},{"acf_fc_layout":"faq_1_0_0","faq_list":[{"acf_fc_layout":"faq_layout","faq_id":"insights-ifrs-1","faq_list":[{"faq_title":"1. List of International Accounting Standards (IAS) ","faq_content":"<table style=\"border-collapse: collapse; width: 100%; height: 2453px;\" border=\"1\">\r\n<tbody>\r\n<tr style=\"height: 59px;\">\r\n<td style=\"width: 1%; text-align: center; height: 59px;\"><strong>No. <\/strong><\/td>\r\n<td style=\"width: 10%; text-align: center; height: 59px;\"><strong>Standard <\/strong><\/td>\r\n<td style=\"width: 18%; text-align: center; height: 59px;\"><strong>English Name <\/strong><\/td>\r\n<td style=\"width: 35.0589%; text-align: center; height: 59px;\"><strong>Content Summary <\/strong><\/td>\r\n<td style=\"width: 17.9411%; text-align: center; height: 59px;\"><strong>Document Link <\/strong><\/td>\r\n<\/tr>\r\n<tr style=\"height: 128px;\">\r\n<td style=\"width: 1%; height: 128px;\">1<\/td>\r\n<td style=\"width: 10%; height: 128px;\">IAS 1<\/td>\r\n<td style=\"width: 18%; height: 128px;\">Presentation of Financial Statements<\/td>\r\n<td style=\"width: 35.0589%; height: 128px;\">Sets out overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content. Superseded by IFRS 18, effective from Jan 01, 2027.<\/td>\r\n<td style=\"width: 17.9411%; height: 128px; text-align: center;\"><a title=\"View and download\" href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS1.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 70px;\">\r\n<td style=\"width: 1%; height: 70px;\">2<\/td>\r\n<td style=\"width: 10%; height: 70px;\">IAS 2<\/td>\r\n<td style=\"width: 18%; height: 70px;\">Inventories<\/td>\r\n<td style=\"width: 35.0589%; height: 70px;\">Prescribes the determination of cost and its subsequent recognition as an expense; determination of net realisable value.<\/td>\r\n<td style=\"width: 17.9411%; height: 70px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS2.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 126px;\">\r\n<td style=\"width: 1%; height: 126px;\">3<\/td>\r\n<td style=\"width: 10%; height: 126px;\">IAS 7<\/td>\r\n<td style=\"width: 18%; height: 126px;\">Statement of Cash Flows<\/td>\r\n<td style=\"width: 35.0589%; height: 126px;\">Requires the presentation of a statement of cash flows; identifies and classifies cash flows from operating, investing, and financing activities.<\/td>\r\n<td style=\"width: 17.9411%; height: 126px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS7.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 126px;\">\r\n<td style=\"width: 1%; height: 126px;\">4<\/td>\r\n<td style=\"width: 10%; height: 126px;\">IAS 8<\/td>\r\n<td style=\"width: 18%; height: 126px;\">Accounting Policies, Changes in Accounting Estimates and Errors<\/td>\r\n<td style=\"width: 35.0589%; height: 126px;\">Guidance on selecting accounting policies, accounting for changes in estimates and corrections of prior period errors.<\/td>\r\n<td style=\"width: 17.9411%; height: 126px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS8.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 126px;\">\r\n<td style=\"width: 1%; height: 126px;\">5<\/td>\r\n<td style=\"width: 10%; height: 126px;\">IAS 10<\/td>\r\n<td style=\"width: 18%; height: 126px;\">Events after the Reporting Period<\/td>\r\n<td style=\"width: 35.0589%; height: 126px;\">Prescribes the accounting and disclosure for events occurring after the reporting period but before the financial statements are authorised for issue - regarding adjustments or disclosures.<\/td>\r\n<td style=\"width: 17.9411%; height: 126px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS10.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">6<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 12<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Income Taxes<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the accounting treatment for income taxes (current and deferred tax) and tax disclosures.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS12.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">7<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 16<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Property, Plant and Equipment<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the recognition, measurement, revaluation, and depreciation of property, plant and equipment; treatment of revaluation and subsequent costs.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS16.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 126px;\">\r\n<td style=\"width: 1%; height: 126px;\">8<\/td>\r\n<td style=\"width: 10%; height: 126px;\">IAS 19<\/td>\r\n<td style=\"width: 18%; height: 126px;\">Employee Benefits<\/td>\r\n<td style=\"width: 35.0589%; height: 126px;\">Prescribes the accounting and disclosure for employee benefits \u2013 including pensions, leaves, short-term and long-term benefits; measurement and disclosure.<\/td>\r\n<td style=\"width: 17.9411%; height: 126px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS19.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 126px;\">\r\n<td style=\"width: 1%; height: 126px;\">9<\/td>\r\n<td style=\"width: 10%; height: 126px;\">IAS 20<\/td>\r\n<td style=\"width: 18%; height: 126px;\">Accounting for Government Grants and Disclosure of Government Assistance<\/td>\r\n<td style=\"width: 35.0589%; height: 126px;\">Prescribes the accounting for government grants and the disclosure of government assistance.<\/td>\r\n<td style=\"width: 17.9411%; height: 126px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS20.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">10<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 21<\/td>\r\n<td style=\"width: 18%; height: 92px;\">The Effects of Changes in Foreign Exchange Rates<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes how to include foreign currency transactions and foreign operations in the financial statements; translation of financial statements.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS21.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">11<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 23<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Borrowing Costs<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the accounting for borrowing costs; requires capitalization of borrowing costs that are directly attributable to qualifying assets or immediate expensing.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS23.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">12<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 24<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Related Party Disclosures<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Requires disclosure of related party transactions and relationships, and their potential effect on the financial statements.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS24.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">13<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 26<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Accounting and Reporting by Retirement Benefit Plans<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the accounting and reporting standards for retirement benefit plans.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS26.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">14<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 27<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Separate Financial Statements<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity prepares separate financial statements.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS27.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">15<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 28<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Investments in Associates and Joint Ventures<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the accounting for investments in associates and joint ventures \u2013 specifically the application of the equity method and disclosure requirements.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS28.pdf\"><span style=\"color: #002d62;\">View and download <\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 126px;\">\r\n<td style=\"width: 1%; height: 126px;\">16<\/td>\r\n<td style=\"width: 10%; height: 126px;\">IAS 29<\/td>\r\n<td style=\"width: 18%; height: 126px;\">Financial Reporting in Hyperinflationary Economies<\/td>\r\n<td style=\"width: 35.0589%; height: 126px;\">Prescribes the financial reporting requirements for entities reporting in the currency of a hyperinflationary economy; requires restatement for inflation.<\/td>\r\n<td style=\"width: 17.9411%; height: 126px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS29.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">17<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 32<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Financial Instruments: Presentation<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Establishes principles for presenting financial instruments as financial assets, financial liabilities, or equity; presentation in financial statements.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS32.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">18<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 33<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Earnings per Share<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes principles for the determination and presentation of earnings per share (EPS).<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS33.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">19<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 34<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Interim Financial Reporting<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the minimum content of an interim financial report \u2013 applying the same accounting policies as annual reports or disclosing changes.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS34.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 59px;\">\r\n<td style=\"width: 1%; height: 59px;\">20<\/td>\r\n<td style=\"width: 10%; height: 59px;\">IAS 36<\/td>\r\n<td style=\"width: 18%; height: 59px;\">Impairment of Assets<\/td>\r\n<td style=\"width: 35.0589%; height: 59px;\">Prescribes the procedures to ensure that assets are carried at no more than their recoverable amount; requires periodic impairment testing or when there is an indication of impairment.<\/td>\r\n<td style=\"width: 17.9411%; height: 59px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS36.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 126px;\">\r\n<td style=\"width: 1%; height: 126px;\">21<\/td>\r\n<td style=\"width: 10%; height: 126px;\">IAS 37<\/td>\r\n<td style=\"width: 18%; height: 126px;\">Provisions, Contingent Liabilities and Contingent Assets<\/td>\r\n<td style=\"width: 35.0589%; height: 126px;\">Prescribes the recognition criteria and measurement bases for provisions, contingent liabilities and contingent assets.<\/td>\r\n<td style=\"width: 17.9411%; height: 126px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS37.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">22<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 38<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Intangible Assets<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the recognition, measurement, and disclosure of intangible assets; amortization and impairment testing.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS38.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 59px;\">\r\n<td style=\"width: 1%; height: 59px;\">23<\/td>\r\n<td style=\"width: 10%; height: 59px;\">IAS 40<\/td>\r\n<td style=\"width: 18%; height: 59px;\">Investment Property<\/td>\r\n<td style=\"width: 35.0589%; height: 59px;\">Prescribes the accounting treatment and disclosure for investment property \u2013 recognition, measurement and disclosure.<\/td>\r\n<td style=\"width: 17.9411%; height: 59px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS40.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr style=\"height: 92px;\">\r\n<td style=\"width: 1%; height: 92px;\">24<\/td>\r\n<td style=\"width: 10%; height: 92px;\">IAS 41<\/td>\r\n<td style=\"width: 18%; height: 92px;\">Agriculture<\/td>\r\n<td style=\"width: 35.0589%; height: 92px;\">Prescribes the accounting treatment for agricultural activity \u2013 biological assets, living animals, and agricultural produce.<\/td>\r\n<td style=\"width: 17.9411%; height: 92px; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IAS41.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"},{"faq_title":"2. List of International Financial Reporting Standards (IFRS)","faq_content":"<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 1%; text-align: center;\"><strong>No. <\/strong><\/td>\r\n<td style=\"width: 10%; text-align: center;\"><strong>Standard <\/strong><\/td>\r\n<td style=\"width: 21.3265%; text-align: center;\"><strong>English Name <\/strong><\/td>\r\n<td style=\"width: 34.9232%; text-align: center;\"><strong>Content Summary <\/strong><\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><strong>Document Link <\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">1<\/td>\r\n<td style=\"width: 10%;\">IFRS 1<\/td>\r\n<td style=\"width: 21.3265%;\">First-time Adoption of International Financial Reporting Standards<\/td>\r\n<td style=\"width: 34.9232%;\">Outlines the procedures for the first-time adoption of IFRS.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS1.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">2<\/td>\r\n<td style=\"width: 10%;\">IFRS 2<\/td>\r\n<td style=\"width: 21.3265%;\">Share-based Payment<\/td>\r\n<td style=\"width: 34.9232%;\">Prescribes the accounting treatment for share-based payment transactions.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS2.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">3<\/td>\r\n<td style=\"width: 10%;\">IFRS 3<\/td>\r\n<td style=\"width: 21.3265%;\">Business Combinations<\/td>\r\n<td style=\"width: 34.9232%;\">Provides guidance on accounting for business combinations.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS3.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">4<\/td>\r\n<td style=\"width: 10%;\">IFRS 5<\/td>\r\n<td style=\"width: 21.3265%;\">Non-current Assets Held for Sale and Discontinued Operations<\/td>\r\n<td style=\"width: 34.9232%;\">Deals with the classification and presentation of non-current assets held for sale and discontinued operations.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS5.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">5<\/td>\r\n<td style=\"width: 10%;\">IFRS 6<\/td>\r\n<td style=\"width: 21.3265%;\">Exploration for and Evaluation of Mineral Resources<\/td>\r\n<td style=\"width: 34.9232%;\">Permits limited improvements to accounting practices for the exploration for and evaluation of mineral resources.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS6.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">6<\/td>\r\n<td style=\"width: 10%;\">IFRS 7<\/td>\r\n<td style=\"width: 21.3265%;\">Financial Instruments: Disclosures<\/td>\r\n<td style=\"width: 34.9232%;\">Requires disclosures regarding financial instruments.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS7.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">7<\/td>\r\n<td style=\"width: 10%;\">IFRS 8<\/td>\r\n<td style=\"width: 21.3265%;\">Operating Segments<\/td>\r\n<td style=\"width: 34.9232%;\">Requires disclosure of information about operating segments.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS8.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">8<\/td>\r\n<td style=\"width: 10%;\">IFRS 9<\/td>\r\n<td style=\"width: 21.3265%;\">Financial Instruments<\/td>\r\n<td style=\"width: 34.9232%;\">Covers the recognition, measurement, and disclosure of financial instruments.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS9.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">9<\/td>\r\n<td style=\"width: 10%;\">IFRS 10<\/td>\r\n<td style=\"width: 21.3265%;\">Consolidated Financial Statements<\/td>\r\n<td style=\"width: 34.9232%;\">Establishes principles for the presentation and preparation of consolidated financial statements.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS10.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">10<\/td>\r\n<td style=\"width: 10%;\">IFRS 11<\/td>\r\n<td style=\"width: 21.3265%;\">Joint Arrangements<\/td>\r\n<td style=\"width: 34.9232%;\">Prescribes the accounting for joint arrangements, including joint ventures.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS11.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">11<\/td>\r\n<td style=\"width: 10%;\">IFRS 12<\/td>\r\n<td style=\"width: 21.3265%;\">Disclosure of Interests in Other Entities<\/td>\r\n<td style=\"width: 34.9232%;\">Requires disclosure of interests in subsidiaries, joint arrangements, associates, and structured entities.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS12.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">12<\/td>\r\n<td style=\"width: 10%;\">IFRS 13<\/td>\r\n<td style=\"width: 21.3265%;\">Fair Value Measurement<\/td>\r\n<td style=\"width: 34.9232%;\">Defines fair value and sets out a framework for measurement.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS13.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">13<\/td>\r\n<td style=\"width: 10%;\">IFRS 14<\/td>\r\n<td style=\"width: 21.3265%;\">Regulatory Deferral Accounts<\/td>\r\n<td style=\"width: 34.9232%;\">Permits certain entities to continue to recognize regulatory deferral account balances in accordance with their previous GAAP.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS14.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">14<\/td>\r\n<td style=\"width: 10%;\">IFRS 15<\/td>\r\n<td style=\"width: 21.3265%;\">Revenue from Contracts with Customers<\/td>\r\n<td style=\"width: 34.9232%;\">Establishes principles for reporting revenue from contracts with customers.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS15.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">15<\/td>\r\n<td style=\"width: 10%;\">IFRS 16<\/td>\r\n<td style=\"width: 21.3265%;\">Leases<\/td>\r\n<td style=\"width: 34.9232%;\">Requires lessees to recognize assets and liabilities for most leases.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS16.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">16<\/td>\r\n<td style=\"width: 10%;\">IFRS 17<\/td>\r\n<td style=\"width: 21.3265%;\">Insurance Contracts<\/td>\r\n<td style=\"width: 34.9232%;\">Establishes principles for insurance contracts.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRS17.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">17<\/td>\r\n<td style=\"width: 10%;\">IFRS 18<\/td>\r\n<td style=\"width: 21.3265%;\">Presentation and Disclosure in Financial Statements<\/td>\r\n<td style=\"width: 34.9232%;\">IFRS 18 sets out general requirements for the presentation and disclosure of financial statements, fully replacing IAS 1 \u2013 Presentation of Financial Statements, effective from January 1, 2027 (early application permitted).<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><span style=\"color: #002d62;\">View and download<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">18<\/td>\r\n<td style=\"width: 10%;\">IFRS 19<\/td>\r\n<td style=\"width: 21.3265%;\">Subsidiaries without Public Accountability: Disclosures<\/td>\r\n<td style=\"width: 34.9232%;\">IFRS 19 permits subsidiaries without public accountability to apply full IFRS recognition and measurement requirements, but replaces the disclosure requirements of other IFRS Standards with its own reduced set of disclosures, effective from January 1, 2027 (early application permitted).<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><span style=\"color: #002d62;\">View and download<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"},{"faq_title":"3. List of IFRS Sustainability Disclosure Standards (IFRS SDS)","faq_content":"<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 1%; text-align: center;\"><strong>No. <\/strong><\/td>\r\n<td style=\"width: 10%; text-align: center;\"><strong>Standard <\/strong><\/td>\r\n<td style=\"width: 21.3265%; text-align: center;\"><strong>English Name <\/strong><\/td>\r\n<td style=\"width: 34.9232%; text-align: center;\"><strong>Content Summary <\/strong><\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><strong>Document Link <\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">1<\/td>\r\n<td style=\"width: 10%;\">IFRS S1<\/td>\r\n<td style=\"width: 21.3265%;\">General Requirements for Disclosure of Sustainability-related Financial Information<\/td>\r\n<td style=\"width: 34.9232%;\">Establishes a general framework requiring entities to disclose sustainability-related risks and opportunities that materially affect financial prospects and cash flows.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><span style=\"color: #002d62;\">View and download<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">2<\/td>\r\n<td style=\"width: 10%;\">IFRS S2<\/td>\r\n<td style=\"width: 21.3265%;\">Climate-related Disclosures<\/td>\r\n<td style=\"width: 34.9232%;\">Prescribes specific disclosure requirements regarding climate-related risks and opportunities, including governance, strategy, risk management, metrics, and targets.<\/td>\r\n<td style=\"width: 14.7503%; text-align: center;\"><span style=\"color: #002d62;\">View and download<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"},{"faq_title":"4. List of IFRIC and SIC Interpretations","faq_content":"<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 1%; text-align: center;\"><strong>No. <\/strong><\/td>\r\n<td style=\"width: 10%; text-align: center;\"><strong>Standard <\/strong><\/td>\r\n<td style=\"width: 18.8147%; text-align: center;\"><strong>English Name <\/strong><\/td>\r\n<td style=\"width: 35.602%; text-align: center;\"><strong>Content Summary <\/strong><\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><strong>Document Link <\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">1<\/td>\r\n<td style=\"width: 10%;\">SIC 7<\/td>\r\n<td style=\"width: 18.8147%;\">Introduction of the Euro<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on accounting for the changeover to the Euro, including the determination of exchange rates and the treatment of resulting exchange differences.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/SIC7.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">2<\/td>\r\n<td style=\"width: 10%;\">SIC 10<\/td>\r\n<td style=\"width: 18.8147%;\">Government Assistance - No Specific Relation to Operating Activities<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on accounting for government assistance that is not directly linked to specific operating activities of the entity.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/SIC10.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">3<\/td>\r\n<td style=\"width: 10%;\">SIC 25<\/td>\r\n<td style=\"width: 18.8147%;\">Income Taxes - Changes in the Tax Status of an Entity or its Shareholders<\/td>\r\n<td style=\"width: 35.602%;\">Prescribes the accounting treatment for changes in the tax status of an entity or its shareholders, including the impact on current and deferred tax.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/SIC25.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">4<\/td>\r\n<td style=\"width: 10%;\">SIC 29<\/td>\r\n<td style=\"width: 18.8147%;\">Disclosure \u2013 Service Concession Arrangements<\/td>\r\n<td style=\"width: 35.602%;\">Requires disclosure of information regarding service concession arrangements, particularly in infrastructure and public service sectors.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/SIC29.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">5<\/td>\r\n<td style=\"width: 10%;\">SIC 32<\/td>\r\n<td style=\"width: 18.8147%;\">Intangible Assets - Website Costs<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on recognizing costs related to website design, development, and operation as expenses or intangible assets.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/SIC32.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">6<\/td>\r\n<td style=\"width: 10%;\">IFRIC 1<\/td>\r\n<td style=\"width: 18.8147%;\">Changes in Existing Decommissioning, Restoration and Similar Liabilities<\/td>\r\n<td style=\"width: 35.602%;\">Prescribes how to adjust the carrying amount of assets and liabilities when there are changes in estimated obligations for dismantling, restoration, or rehabilitation.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC1.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">7<\/td>\r\n<td style=\"width: 10%;\">IFRIC 2<\/td>\r\n<td style=\"width: 18.8147%;\">Members' Shares in Co-operative Entities and Similar Instruments<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on classifying capital instruments issued by cooperative entities as financial liabilities or equity.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC2.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">8<\/td>\r\n<td style=\"width: 10%;\">IFRIC 5<\/td>\r\n<td style=\"width: 18.8147%;\">Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds<\/td>\r\n<td style=\"width: 35.602%;\">Prescribes the accounting for interests in funds established to fund decommissioning and environmental rehabilitation obligations.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC5.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">9<\/td>\r\n<td style=\"width: 10%;\">IFRIC 6<\/td>\r\n<td style=\"width: 18.8147%;\">Liabilities Arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment<\/td>\r\n<td style=\"width: 35.602%;\">Determines the timing for recognizing liabilities related to waste management obligations for electrical and electronic equipment.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC6.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">10<\/td>\r\n<td style=\"width: 10%;\">IFRIC 7<\/td>\r\n<td style=\"width: 18.8147%;\">Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on applying the restatement approach for financial statements in hyperinflationary economies.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC7.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">11<\/td>\r\n<td style=\"width: 10%;\">IFRIC 10<\/td>\r\n<td style=\"width: 18.8147%;\">Interim Financial Reporting and Impairment<\/td>\r\n<td style=\"width: 35.602%;\">Prohibits the reversal of impairment losses recognized in interim financial reports.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC10.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">12<\/td>\r\n<td style=\"width: 10%;\">IFRIC 12<\/td>\r\n<td style=\"width: 18.8147%;\">Service Concession Arrangements<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on the recognition and measurement of assets, revenue, and obligations in public service concession arrangements.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC12.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">13<\/td>\r\n<td style=\"width: 10%;\">IFRIC 14<\/td>\r\n<td style=\"width: 18.8147%;\">IAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction<\/td>\r\n<td style=\"width: 35.602%;\">Clarifies the limit on recognizing defined benefit assets and the impact of minimum funding requirements.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC14.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">14<\/td>\r\n<td style=\"width: 10%;\">IFRIC 16<\/td>\r\n<td style=\"width: 18.8147%;\">Hedges of a Net Investment in a Foreign Operation<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on identifying hedging instruments and hedged items regarding net investments in foreign operations.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC16.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">15<\/td>\r\n<td style=\"width: 10%;\">IFRIC 17<\/td>\r\n<td style=\"width: 18.8147%;\">Distributions of Non-cash Assets to Owners<\/td>\r\n<td style=\"width: 35.602%;\">Prescribes the measurement and recognition when an entity distributes non-cash assets to owners.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC17.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">16<\/td>\r\n<td style=\"width: 10%;\">IFRIC 19<\/td>\r\n<td style=\"width: 18.8147%;\">Extinguishing Financial Liabilities with Equity Instruments<\/td>\r\n<td style=\"width: 35.602%;\">Accounting guidance for extinguishing financial liabilities by issuing equity instruments.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC19.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">17<\/td>\r\n<td style=\"width: 10%;\">IFRIC 20<\/td>\r\n<td style=\"width: 18.8147%;\">Stripping Costs in the Production Phase of a Surface Mine<\/td>\r\n<td style=\"width: 35.602%;\">Prescribes the accounting treatment for stripping costs in the production phase of a surface mine (recognized as an asset or expense).<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC20.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">18<\/td>\r\n<td style=\"width: 10%;\">IFRIC 21<\/td>\r\n<td style=\"width: 18.8147%;\">Levies<\/td>\r\n<td style=\"width: 35.602%;\">Determines the timing of recognition for liabilities to pay levies imposed by the government.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC21.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">19<\/td>\r\n<td style=\"width: 10%;\">IFRIC 22<\/td>\r\n<td style=\"width: 18.8147%;\">Foreign Currency Transactions and Advance Consideration<\/td>\r\n<td style=\"width: 35.602%;\">Guidance on determining the exchange rate to be used for foreign currency transactions involving advance consideration (prepayments\/receipts).<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC22.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 1%;\">20<\/td>\r\n<td style=\"width: 10%;\">IFRIC 23<\/td>\r\n<td style=\"width: 18.8147%;\">Uncertainty over Income Tax Treatments<\/td>\r\n<td style=\"width: 35.602%;\">Clarifies the accounting treatment when there is uncertainty over income tax treatments under tax law.<\/td>\r\n<td style=\"width: 16.5833%; text-align: center;\"><a href=\"https:\/\/brochure.crowevietnam.vn\/en\/wp-content\/uploads\/2026\/01\/IFRIC23.pdf\"><span style=\"color: #002d62;\">View and download<\/span><\/a><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"}]},{"acf_fc_layout":"faq_layout","faq_id":"insights-ifrs-2","faq_list":[{"faq_title":"1. Overview of International Financial Reporting Standards (IFRS)","faq_content":"<h4><span style=\"font-size: 18px;\">1.1. What is IFRS?<\/span><\/h4>\r\n<strong>Definition of IFRS: <\/strong>IFRS stands for International Financial Reporting Standards. It is a set of high-quality accounting standards, recognized and widely adopted globally, designed to provide guidance on how economic transactions and events should be recognized, measured, presented, and disclosed in Financial Statements.\r\n\r\n<strong>Origin (Issuing Body):<\/strong> IFRS is developed and issued by an independent, non-profit organization called the International Accounting Standards Board (IASB). Based in London, United Kingdom, the IASB comprises leading accounting experts from across the globe.\r\n\r\n<strong>Objectives (Purpose of IFRS): <\/strong>The core objective of IFRS is to create a \"common accounting language\" for the world. This serves three primary purposes:\r\n<ul>\r\n \t<li><strong>Consistency:<\/strong> IFRS aims to standardize accounting practices globally, ensuring that financial reports are prepared consistently across different countries and jurisdictions.<\/li>\r\n \t<li><strong>Transparency:<\/strong> The adoption of IFRS enhances the transparency of financial reporting, thereby strengthening the confidence of investors and stakeholders.<\/li>\r\n \t<li><strong>Comparability:<\/strong> IFRS enables easier comparison of financial statements between businesses and across borders, supporting effective financial analysis and investment decision-making.<\/li>\r\n<\/ul>\r\n<h4><span style=\"font-size: 18px;\">1.2. The IFRS Standard-Setting Process<\/span><\/h4>\r\nThe development and issuance of IFRS standards are carried out by the IASB following a rigorous and transparent due process. This process ensures that standards are developed based on comprehensive research, extensive consultation, and a focus on the information needs of financial statement users.\r\n\r\nIn principle, the standard-setting process consists of the following key stages:\r\n<ul>\r\n \t<li><strong>Agenda Consultation:<\/strong> The IASB conducts public consultations on its work plan every five years to determine strategic direction and priorities.<\/li>\r\n \t<li><strong>Research:<\/strong> The IASB technical team conducts extensive research on the identified topic, analyzing the issues and potential approaches.<\/li>\r\n \t<li><strong>Publication of a Discussion Paper (optional):<\/strong> The IASB may publish a Discussion Paper to present the issues and preliminary solutions, seeking public feedback at an early stage.<\/li>\r\n \t<li><strong>Publication of an Exposure Draft:<\/strong> This is a mandatory step before issuing an official standard. The IASB publishes a detailed draft of the new or amended standard. This draft is open for comment from all interested parties worldwide (corporations, auditors, investors, regulators, etc.) for a specific period.<\/li>\r\n \t<li><strong>Deliberation and Refinement:<\/strong> The IASB reviews all feedback received. Public meetings are held to discuss the issues and decide on necessary changes to the draft.<\/li>\r\n \t<li><strong>Issuance of the Official IFRS Standard:<\/strong> After completing the deliberations and revisions, the IASB votes on and issues the final standard.<\/li>\r\n \t<li><strong>Post-implementation Review:<\/strong> Approximately 30-36 months after a standard becomes effective, the IASB conducts a review to assess whether the standard is performing as intended in practice and whether further adjustments or clarifications are required.<\/li>\r\n<\/ul>\r\nThis due process ensures that IFRS standards are not based on isolated decisions but are the result of a systematic, transparent, and consistent development process, aligned with the goal of providing high-quality financial information to global capital markets."},{"faq_title":"2. Standards Structure and List","faq_content":"<h4><span style=\"font-size: 18px;\">2.1. The IFRS Structure<\/span><\/h4>\r\nThe International Financial Reporting Standards (IFRS) system is structured into the following components:\r\n\r\n<strong>(a) Conceptual Framework for Financial Reporting<\/strong> The Conceptual Framework for Financial Reporting is not an accounting standard itself, but rather a foundational document issued by the IASB. The Conceptual Framework establishes the fundamental concepts regarding the objectives of financial reporting, the qualitative characteristics of financial information, as well as the definitions and recognition principles for the elements of financial statements.\r\n\r\n<strong>(b) IFRS Accounting Standards<\/strong> The term \u201cIFRS Accounting Standards\u201d (or \u201cIFRSs\u201d) is used to refer to the entire body of effective standards and interpretations, including:\r\n<ul>\r\n \t<li><strong>International Financial Reporting Standards (IFRS):<\/strong> Standards issued by the IASB.<\/li>\r\n \t<li><strong>International Accounting Standards (IAS):<\/strong> Standards previously issued by the IASC that remain in effect.<\/li>\r\n \t<li><strong>IFRIC Interpretations:<\/strong> Issued by the IFRS Interpretations Committee.<\/li>\r\n \t<li><strong>SIC Interpretations:<\/strong> Issued by the former Standing Interpretations Committee.<\/li>\r\n<\/ul>\r\nThese IFRS Standards prescribe mandatory requirements for the recognition, measurement, presentation, and disclosure of specific transactions and economic events.\r\n<h4><span style=\"font-size: 18px;\">2.2. The Relationship between the \"Conceptual Framework\" and \"Specific Standards\"<\/span><\/h4>\r\nThe Conceptual Framework serves as the theoretical foundation for the development, interpretation, and application of IFRS Standards, reflected in the following aspects:\r\n<ul>\r\n \t<li><strong>Basis for Standard-Setting:<\/strong> The IASB uses the Conceptual Framework as a starting point when developing new IFRS standards or amending existing ones to ensure conceptual consistency across the entire IFRS system.<\/li>\r\n \t<li><strong>Selection of Accounting Policies in the Absence of Specific Standards:<\/strong> In cases where a transaction or economic event is not specifically addressed by an IFRS Standard, management must refer to the Conceptual Framework to develop an appropriate accounting policy, following the hierarchy of guidance set out in IAS 8.<\/li>\r\n \t<li><strong>Supporting Interpretation of Standards:<\/strong> The Conceptual Framework helps preparers, auditors, and users of financial statements understand the objectives and underlying logic behind the requirements of individual standards.<\/li>\r\n<\/ul>\r\nDespite its foundational role, the Conceptual Framework is not a standard and does not override or supersede specific requirements in IFRS Standards. In the event of a conflict, the provisions of the specific IFRS Standard or Interpretation shall prevail."},{"faq_title":"3. Conceptual Framework for Financial Reporting","faq_content":"<h2>3.1. Definition &amp; Role<\/h2>\r\nThe Conceptual Framework is not an IFRS Standard and does not override any specific standard. It serves as the conceptual foundation of the IFRS system, issued to:\r\n<ul>\r\n \t<li>Assist the Board (IASB) in developing new IFRS Standards based on consistent concepts.<\/li>\r\n \t<li>Assist preparers of financial statements in developing accounting policies for transactions that are not covered by a specific standard or interpretation.<\/li>\r\n \t<li>Assist all parties in understanding and interpreting IFRS Standards.<\/li>\r\n<\/ul>\r\n<h2>3.2. Official Structure of the Conceptual Framework<\/h2>\r\nAccording to the official document issued by the IASB (current 2018 version), the Conceptual Framework is structured into chapters, as follows:\r\n<ul>\r\n \t<li><strong>The objective of general purpose financial reporting:<\/strong> To provide financial information that is useful to existing and potential investors, lenders, and other creditors in making decisions relating to providing resources to the entity.<\/li>\r\n \t<li><strong>Qualitative characteristics of useful financial information:<\/strong>\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li>Fundamental characteristics: Relevance and Faithful representation.<\/li>\r\n \t<li>Enhancing characteristics: Comparability, Verifiability, Timeliness, and Understandability.<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>Financial statements and the reporting entity:<\/strong> Financial statements are a set of reports reflecting the financial position, financial performance, and cash flows of a reporting entity. The reporting entity is defined by economic boundaries, not necessarily legal boundaries, to meet the information needs of users.<\/li>\r\n \t<li><strong>The elements of financial statements:<\/strong> Assets, liabilities, equity, income, and expenses.<\/li>\r\n \t<li><strong>Recognition and Derecognition:<\/strong> Criteria for including an item in, or removing an item from, the financial statements.<\/li>\r\n \t<li><strong>Measurement:<\/strong> The primary measurement bases, including historical cost and current value. Current value includes:\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li>Fair value<\/li>\r\n \t<li>Value in use (for assets)<\/li>\r\n \t<li>Fulfilment value (for liabilities)<\/li>\r\n \t<li>Current cost<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>Presentation and Disclosure:<\/strong> Principles of presentation and information provision to ensure financial statements effectively communicate the economic substance of transactions.<\/li>\r\n<\/ul>\r\nThis constitutes the official structure of the Conceptual Framework within the IFRS system."},{"faq_title":"4. Underlying Assumptions in IFRS Financial Reporting","faq_content":"IFRS financial statements are prepared based on underlying assumptions to ensure that information is presented consistently and fairly reflects the economic substance of transactions and events. The two most critical assumptions are the Accrual Basis and the Going Concern assumption.\r\n<h4><span style=\"font-size: 18px;\">4.1. Accrual Basis of Accounting<\/span><\/h4>\r\nUnder IFRS, financial statements are prepared on the accrual basis of accounting. According to this basis, the effects of transactions and other events are recognized when they occur, regardless of when cash or its equivalents are received or paid.\r\n\r\nOn this basis:\r\n<ul>\r\n \t<li><strong>Revenue:<\/strong> Is recognized when the entity has satisfied a performance obligation and has the right to economic benefits.<\/li>\r\n \t<li><strong>Expenses:<\/strong> Are recognized when the obligation arises or when the related economic benefits have been consumed, irrespective of the actual cash outflow.<\/li>\r\n<\/ul>\r\nThe accrual basis allows financial statements to reflect the financial performance and financial position of the accounting period more completely and relevantly than the cash basis.\r\n\r\n<strong>Illustrative Example:<\/strong>\r\n\r\nIn December 2024, a company provides consulting services to a client and issues an invoice, with payment expected in January 2025.\r\n<ul>\r\n \t<li><strong>Under the Accrual Basis:<\/strong> Revenue from this service must be recognized in 2024, as the service was completed and the company established the right to payment, even though the cash flow occurs in the subsequent period.<\/li>\r\n<\/ul>\r\n<h4><span style=\"font-size: 18px;\">4.2. Going Concern Assumption<\/span><\/h4>\r\nFinancial statements under IFRS are prepared on the assumption that the entity is a going concern. This means the entity is assumed to continue in operation for the foreseeable future and has neither the intention nor the necessity to liquidate or cease trading, or to scale back its operations significantly.\r\n\r\nIn practice, \"the foreseeable future\" is generally understood to be at least 12 months from the end of the reporting period, consistent with IAS 1 requirements.\r\n\r\nThe Going Concern assumption directly impacts:\r\n<ul>\r\n \t<li><strong>Measurement:<\/strong> How assets and liabilities are measured.<\/li>\r\n \t<li><strong>Cost Allocation:<\/strong> The allocation of costs over time (e.g., depreciation of long-term assets).<\/li>\r\n \t<li><strong>Disclosures:<\/strong> The presentation and disclosure of material uncertainties related to the entity's ability to continue as a going concern.<\/li>\r\n<\/ul>\r\n<strong>Illustrative Example:<\/strong>\r\n\r\nAn entity invests in constructing a factory with an expected useful life of 20 years.\r\n<ul>\r\n \t<li><strong>Going Concern:<\/strong> Based on this assumption, the investment cost is allocated gradually via depreciation over the factory's useful life.<\/li>\r\n \t<li><strong>Not a Going Concern:<\/strong> If the assumption is no longer appropriate (e.g., the entity is at risk of ceasing operations in the near future), the asset may need to be measured at its recoverable amount or liquidation value, and the remaining carrying amount might need to be written off as a loss immediately within the period.<\/li>\r\n<\/ul>\r\n<strong>Conclusion:<\/strong> The Accrual Basis and Going Concern are two mandatory underlying assumptions in IFRS financial reporting. The consistent application of these assumptions is a prerequisite for financial statements to faithfully represent the entity's financial position, performance, and cash flows, thereby meeting the information needs of general-purpose financial statement users."},{"faq_title":"5. Qualitative Characteristics of Useful Financial Information","faq_content":"According to the Conceptual Framework, the objective of general purpose financial reporting is to provide financial information that is useful to existing and potential investors, lenders, and other creditors in making decisions relating to providing resources to the entity.\r\n\r\nTo achieve this objective, the information presented in financial statements must meet the Qualitative Characteristics of Useful Financial Information. These characteristics are classified into two categories: Fundamental Characteristics and Enhancing Characteristics.\r\n<h4><span style=\"font-size: 18px;\">5.1. Fundamental Characteristics<\/span><\/h4>\r\nThese are the essential attributes that information must possess to be useful.\r\n\r\n<strong>1. Relevance<\/strong>\r\n\r\nInformation is relevant if it is capable of making a difference in the decisions made by users. Financial information is capable of making a difference in decisions if it has predictive value, confirmatory value, or both.\r\n\r\n<strong>Example:<\/strong> A company discloses information about a major contract recently signed. This information is relevant because it helps investors predict the company's future revenue and profitability (predictive value).\r\n\r\n<strong>2. Faithful Representation<\/strong>\r\n\r\nRelevant information is only useful if it faithfully represents the economic phenomena that it purports to represent. This means reflecting the economic substance of transactions and events, rather than merely their legal form. To be a faithful representation, information must be:\r\n<ul>\r\n \t<li><strong>Complete:<\/strong> Including all necessary information for a user to understand the phenomenon.<\/li>\r\n \t<li><strong>Neutral:<\/strong> Without bias in the selection or presentation of information.<\/li>\r\n \t<li><strong>Free from material error:<\/strong> No errors or omissions in the description of the phenomenon or the process used to produce the reported information.<\/li>\r\n<\/ul>\r\n<strong>Example:<\/strong> Under IFRS 16 Leases, when a business enters into a long-term lease contract, even though it does not legally own the asset, it controls the use of the asset and derives economic benefits from it. The standard requires the recognition of a \"Right-of-Use Asset\" and a \"Lease Liability.\" This accounting treatment ensures the financial statements faithfully represent the economic substance of the leasing transaction (substance over form).\r\n<h4><span style=\"font-size: 18px;\">5.2. Enhancing Characteristics<\/span><\/h4>\r\nThese characteristics enhance the usefulness of information that is already relevant and faithfully represented.\r\n\r\n<strong>1. Comparability<\/strong>\r\n\r\nFinancial information should enable users to identify and understand similarities in, and differences among, items. This applies to comparing information between different periods for the same entity (consistency) and between different entities.\r\n\r\n<strong>Example:<\/strong> When all airlines apply IFRS 16 to account for leased aircraft, investors can compare their asset structures and leverage ratios more fairly and effectively.\r\n\r\n<strong>2. Verifiability<\/strong>\r\n\r\nVerifiability means that different knowledgeable and independent observers could reach a consensus, although not necessarily complete agreement, that a particular depiction is a faithful representation.\r\n\r\n<strong>Example:<\/strong> The value of a building recognized in the financial statements is based on a valuation report from an independent and reputable valuation firm. This information is verifiable.\r\n\r\n<strong>3. Timeliness<\/strong>\r\n\r\nTimeliness means having information available to decision-makers in time to be capable of influencing their decisions. Generally, the older the information is, the less useful it becomes.\r\n\r\n<strong>Example:<\/strong> Releasing quarterly financial statements within 45 days of the quarter-end is significantly more useful for investment decisions than releasing them 6 months later.\r\n\r\n<strong>4. Understandability<\/strong>\r\n\r\nFinancial information should be classified, characterized, and presented clearly and concisely. However, IFRS emphasizes that information should not be excluded simply because it is complex, provided that the information is necessary for decision-making.\r\n\r\n<strong>Example:<\/strong> In the notes to the financial statements, a company explains its revenue recognition policy using simple, clear language, allowing investors without specialized accounting backgrounds to understand the principles applied.\r\n\r\nThe Qualitative Characteristics of Useful Financial Information serve as a critical conceptual foundation within IFRS, governing how transactions are recognized, measured, presented, and disclosed. Balancing Relevance and Faithful Representation with the Enhancing Characteristics is a prerequisite for financial statements to truly serve the decision-making objectives of users."},{"faq_title":"6. The IFRS Framework for Recognition, Measurement, Presentation, and Disclosure","faq_content":"Under IFRS, the accounting for and reporting of a transaction or item in the financial statements follows a coherent logical framework consisting of four main components: Recognition, Measurement, Presentation, and Disclosure. This framework ensures that transactions and economic events are reflected consistently, represent their economic substance, and provide useful financial information to users.\r\n<h4><span style=\"font-size: 18px;\">6.1. Recognition<\/span><\/h4>\r\nRecognition is the process of determining whether a transaction or event should be included in the financial statements. According to the Conceptual Framework, an item is recognized when:\r\n<ul>\r\n \t<li>It meets the definition of a financial statement element (Asset, Liability, Equity, Income, or Expense); and<\/li>\r\n \t<li>Recognizing it provides useful information to users of financial statements (relevant and faithfully represented), at a cost that does not outweigh the benefits.<\/li>\r\n<\/ul>\r\n<strong>Example:<\/strong> Under IFRS 15 - Revenue from Contracts with Customers, revenue is only recognized when the entity transfers control of goods or services to the customer. Simply signing a contract, without the transfer of goods or services, does not give rise to revenue recognition in the financial statements.\r\n<h4><span style=\"font-size: 18px;\">6.2. Measurement<\/span><\/h4>\r\nOnce recognized, IFRS requires the determination of the monetary value of the item. Measurement encompasses both initial measurement and subsequent measurement.\r\n<h5><span style=\"font-size: 18px;\">6.2.1. Initial Measurement<\/span><\/h5>\r\nInitial measurement determines the value of an item at the moment of first recognition, based on the measurement basis prescribed by the relevant standard (e.g., historical cost, fair value).\r\n\r\n<strong>Example:<\/strong> Under IAS 16, the cost of an item of Property, Plant and Equipment (PPE) comprises its purchase price and any directly attributable costs required to bring the asset to the location and condition necessary for it to be capable of operating (e.g., transport, installation, and testing costs).\r\n<h5><span style=\"font-size: 18px;\">6.2.2. Subsequent Measurement<\/span><\/h5>\r\nAfter initial recognition, items are re-measured in subsequent accounting periods according to the appropriate model permitted by the standard. This reflects the consumption of economic benefits, changes in value, or changes in risk.\r\n\r\n<strong>Example:<\/strong> Also under IAS 16, an entity may choose between:\r\n<ul>\r\n \t<li>The Cost Model; or<\/li>\r\n \t<li>The Revaluation Model<\/li>\r\n<\/ul>\r\n...to measure PPE in subsequent periods.\r\n\r\n<strong>Note:<\/strong> Revaluation or updating values at the reporting date (e.g., measuring financial instruments at fair value under IFRS 9) is part of the subsequent measurement process, not an independent step in the IFRS framework.\r\n<h4><span style=\"font-size: 18px;\">6.3. Presentation<\/span><\/h4>\r\nPresentation involves the arrangement and classification of recognized and measured items in the financial statements to communicate information clearly and consistently.\r\n\r\nAccording to IAS 1, the presentation of financial statements must ensure:\r\n<ul>\r\n \t<li>Appropriate classification (e.g., Current vs. Non-current);<\/li>\r\n \t<li>Consistency of presentation between periods;<\/li>\r\n \t<li>Reflection of economic substance of transactions and events.<\/li>\r\n<\/ul>\r\n<strong>Example:<\/strong> A bank loan with a remaining maturity of more than 12 months at the reporting date is presented as a Non-current liability in the Statement of Financial Position.\r\n<h4><span style=\"font-size: 18px;\">6.4. Disclosure<\/span><\/h4>\r\nDisclosure is an integral part of the financial statements, designed to supplement, explain, and clarify the information presented numerically.\r\n\r\nIFRS requires the disclosure of:\r\n<ul>\r\n \t<li>Significant accounting policies applied;<\/li>\r\n \t<li>Significant assumptions and estimates;<\/li>\r\n \t<li>Risks and uncertainties associated with recognized items.<\/li>\r\n<\/ul>\r\n<strong>Example:<\/strong> Under IFRS 7, an entity must provide detailed disclosures regarding credit risk, liquidity risk, and market risk arising from its financial instruments.\r\n\r\n<strong>Summary:<\/strong> Under the official IFRS framework, the accounting and reporting of an item follow a logical chain: <strong>Recognition \u2192 Measurement \u2192 Presentation \u2192 Disclosure<\/strong>. This approach ensures that financial information is not only recorded and valued appropriately but also presented and explained fully and transparently, effectively serving the economic decision-making of users."}]},{"acf_fc_layout":"faq_layout","faq_id":"insights-ifrs-3","faq_list":[{"faq_title":"1. Comparison of Specific Standards List","faq_content":"The International Financial Reporting Standards (IFRS) system comprises standards that are continuously issued and updated to reflect the evolution of modern economic and financial transactions.\r\n\r\nIn contrast, the current Vietnamese Accounting Standards (VAS) consist of 26 standards, primarily constructed based on older versions of International Accounting Standards (IAS) issued prior to 2003. These standards have remained largely unrevised since their initial issuance.\r\n\r\nThis disparity in scope and currency has resulted in a <strong>significant gap between IFRS and VAS<\/strong> regarding the accounting treatment of many modern transactions.\r\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 14.6639%; text-align: center;\"><strong>Criteria<\/strong><\/td>\r\n<td style=\"width: 42.2267%; text-align: center;\"><strong>IFRS (International)<\/strong><\/td>\r\n<td style=\"width: 43.1093%; text-align: center;\"><strong>VAS (Vietnam)<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.6639%; text-align: center;\"><strong>Quantity<\/strong><\/td>\r\n<td style=\"width: 42.2267%;\">Approximately 40 effective standards, including IFRS and IAS (excluding IFRIC\/SIC Interpretations).<\/td>\r\n<td style=\"width: 43.1093%;\">26 accounting standards.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.6639%; text-align: center;\"><strong>Scope of Coverage<\/strong><\/td>\r\n<td style=\"width: 42.2267%;\">Includes specialized standards for various sectors and complex transactions, such as:\r\n<ul>\r\n \t<li>Agriculture (IAS 41)<\/li>\r\n \t<li>Financial instruments and derivatives (IFRS 9)<\/li>\r\n \t<li>Share-based payment (IFRS 2)<\/li>\r\n \t<li>Non-current assets held for sale and discontinued operations (IFRS 5)<\/li>\r\n \t<li>Comprehensive impairment of assets model (IAS 36)<\/li>\r\n<\/ul>\r\n<\/td>\r\n<td style=\"width: 43.1093%;\">Lacks equivalent standards for many of the areas mentioned.\r\n\r\nSome contents are only addressed indirectly or via scattered guidance in various Ministry of Finance Circulars, rather than being established as independent, comprehensive standards.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.6639%; text-align: center;\"><strong>Update Frequency<\/strong><\/td>\r\n<td style=\"width: 42.2267%;\">Regularly updated through amendments to standards and the \"Annual Improvements\" process.<\/td>\r\n<td style=\"width: 43.1093%;\">Little to no change since initial issuance (primarily between 2001\u20132005).<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"},{"faq_title":"2. Extent of Differences in Specific Financial Statement Line Items","faq_content":"The extent of the differences between IFRS and VAS regarding specific financial statement line items is described <strong>[<a href=\"https:\/\/brochure.crowevietnam.vn\/wp-content\/uploads\/2026\/03\/So-sanh-IFRS-va-VAS-theo-tung-khoan-muc-BCTC.pdf\" target=\"_blank\" rel=\"noopener\">here<\/a>]. <\/strong>"},{"faq_title":"3. Comparison of the Conceptual Framework","faq_content":"The Conceptual Framework serves as the theoretical foundation governing how IFRS and VAS define, recognize, measure, and present the elements of financial statements. Differences at this conceptual level are the <strong>root cause<\/strong> of many significant discrepancies in the figures and presentation of financial statements between IFRS and VAS.\r\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 22.1996%; text-align: center;\"><strong>Criteria <\/strong><\/td>\r\n<td style=\"width: 39.9185%; text-align: center;\"><strong>IFRS (International) <\/strong><\/td>\r\n<td style=\"width: 37.8818%; text-align: center;\"><strong>VAS (Vietnam)<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Primary Measurement Basis<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>Fair Value<\/strong>: Assets and liabilities are frequently re-measured at market value (fair value) at the reporting date to reflect the entity's current financial position.<\/td>\r\n<td style=\"width: 37.8818%;\"><strong>Historical Cost<\/strong>: Assets are recorded at their acquisition cost and are rarely revalued (except in specific cases such as foreign exchange revaluation at period-end).<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Substance vs. Form<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>Substance over Form<\/strong>: Transactions are recognized based on their economic substance, even if the legal form differs. This is an overarching\/pervasive principle of IFRS.<\/td>\r\n<td style=\"width: 37.8818%;\"><strong>Emphasis on Legal Form<\/strong>: Accounting recognition is strictly tied to supporting documents (invoices, vouchers) and legal regulations, limiting flexibility in reflecting economic substance.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Assets &amp; Liabilities Definitions<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>Based on Control and Present Obligation:<\/strong>\r\n<ul>\r\n \t<li style=\"list-style-type: none;\">\r\n<ul>\r\n \t<li><strong>Asset:<\/strong> A present economic resource controlled by the entity as a result of past events.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li><strong>Liability:<\/strong> A present obligation to transfer an economic resource.<\/li>\r\n<\/ul>\r\n<\/td>\r\n<td style=\"width: 37.8818%;\"><strong>More Traditional Approach: <\/strong>Often linked to legal ownership, the certainty of future cash flows, and highly prudent recognition criteria.<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"},{"faq_title":"4. Comparison of Classification and Presentation on Financial Statements","faq_content":"<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 22.1996%; text-align: center;\"><strong>Criteria <\/strong><\/td>\r\n<td style=\"width: 39.9185%; text-align: center;\"><strong>IFRS (International) <\/strong><\/td>\r\n<td style=\"width: 37.8818%; text-align: center;\"><strong>VAS (Vietnam)<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Presentation Format<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>No fixed format prescribed.<\/strong>\r\n\r\nEntities are free to design their own presentation format, provided they comply with the presentation principles and minimum line item requirements set out in <strong>IAS 1 \u2013 Presentation of Financial Statements.<\/strong><\/td>\r\n<td style=\"width: 37.8818%;\"><strong>Mandatory templates apply.<\/strong>\r\n\r\nEntities must strictly follow the templates prescribed by the Vietnamese Accounting System (e.g., Circular 200). While Circular 200 (and related guidance like Circular 99) provides some clarification, the requirement to use the standard templates remains in force.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Classification of Equity vs. Debt Instruments<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>Based on the substance of the contractual obligation. <\/strong>\r\n\r\nFor example, preference shares with a mandatory redemption clause are classified as Liabilities (Financial Liabilities), not Equity.<\/td>\r\n<td style=\"width: 37.8818%;\"><strong>Primarily based on legal form and nomenclature.<\/strong>\r\n\r\nFor example, instruments named \"shares\" (c\u1ed5 phi\u1ebfu) are generally presented within Equity, even if they possess economic characteristics similar to debt.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Offsetting<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>Strictly limited.<\/strong>\r\n\r\nFinancial assets and financial liabilities may be offset only when the entity:\r\n(1) Has a currently legally enforceable right to set off the recognized amounts; AND\r\n(2) Intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.<\/td>\r\n<td style=\"width: 37.8818%;\"><strong>Lacks equivalent strict principles.<\/strong>\r\n\r\nIn practice, the offsetting of payables and receivables may be applied in certain cases based on specific current guidance, but without the rigorous criteria found in IFRS.<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"},{"faq_title":"5. Comparison of Financial Statement Disclosures","faq_content":"<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 22.1996%; text-align: center;\"><strong>Criteria <\/strong><\/td>\r\n<td style=\"width: 39.9185%; text-align: center;\"><strong>IFRS (International) <\/strong><\/td>\r\n<td style=\"width: 37.8818%; text-align: center;\"><strong>VAS (Vietnam)<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Objective of Disclosure<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>To provide necessary additional information<\/strong> to enable users to understand financial statement items, including risks, uncertainties, <strong>significant judgments, and estimates <\/strong>affecting the figures.<\/td>\r\n<td style=\"width: 37.8818%;\"><strong>To explain and detail<\/strong> the figures recorded in the financial statements, primarily to ensure transparency and compliance with the current accounting regime (e.g., Circular 200).<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Key\/Material Content<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\">Requires e<strong>xtensive disclosure<\/strong> regarding financial risk management (credit, liquidity, market risk), significant accounting judgments and estimates, and <strong>sensitivity analysis<\/strong> where required by relevant standards (e.g., IFRS 7).<\/td>\r\n<td style=\"width: 37.8818%;\">Requires extensive disclosure regarding <strong>financial risk management<\/strong> (credit, liquidity, and market risk), <strong>significant accounting judgments and estimates<\/strong>, and <strong>sensitivity analysis<\/strong> where required by relevant standards.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 22.1996%;\"><strong>Segment Reporting<\/strong><\/td>\r\n<td style=\"width: 39.9185%;\"><strong>Management Approach (IFRS 8):<\/strong>\r\n\r\nSegment information is presented based on internal reports used by the <strong>Chief Operating Decision Maker (CODM)<\/strong> to allocate resources and assess performance.<\/td>\r\n<td style=\"width: 37.8818%;\"><strong>No equivalent to IFRS 8.<\/strong>\r\n\r\n(VAS 28 is based on the older IAS 14). Segment information is typically presented based on a <strong>mechanical division<\/strong> by business sector or geography (Risk and Reward approach).<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>"}]},{"acf_fc_layout":"faq_layout","faq_id":"insights-ifrs-5","faq_list":[{"faq_title":"1. Purpose of Conversion","faq_content":"The conversion of financial statements generally serves two primary purposes:\r\n<ol>\r\n \t<li><strong>Consolidation<\/strong>: To facilitate the consolidation of a parent company's financial statements under IFRS, while the subsidiary continues to operate and report locally under VAS.<\/li>\r\n \t<li><strong>IFRS Readiness<\/strong>: To prepare opening balances and historical data for an entity that is in the process of transitioning to full IFRS adoption.<\/li>\r\n<\/ol>"},{"faq_title":"2. Key Implementation Steps for Financial Statement Conversion","faq_content":"<strong>Step 1: Gap Analysis and Conversion Planning<\/strong>\r\n<ul>\r\n \t<li><strong>Identify Differences:<\/strong> The entity must conduct a comparative analysis to understand the specific differences between VAS and IFRS.<\/li>\r\n \t<li><strong>Impact Assessment:<\/strong> Determine how these differences specifically affect the entity's financial statements, identifying which standards are applicable and which are irrelevant to the business model.<\/li>\r\n \t<li><strong>Resource Planning:<\/strong> This analysis forms the basis for a detailed implementation plan, guiding relevant departments in data collection and processing.<\/li>\r\n<\/ul>\r\n<strong>Step 2: Developing an IFRS Financial Statement Template<\/strong>\r\n\r\nWhile a full set of IFRS financial statements can be voluminous, entities may streamline the template. Content that is not relevant to the entity's scale, industry, stage of development, or economic transactions can be omitted, provided that compliance is maintained.\r\n\r\nTo execute this step, the entity should:\r\n<ul>\r\n \t<li><strong>Review Standards:<\/strong> Carefully review IFRS standards related to presentation and disclosure.<\/li>\r\n \t<li><strong>Consult IFRS 1:<\/strong> For entities adopting IFRS for the first time, strict adherence to IFRS 1 \u2013 First-time Adoption of International Financial Reporting Standards is mandatory.<\/li>\r\n \t<li><strong>Benchmark:<\/strong> Refer to the IFRS financial statements of industry peers (publicly available data).<\/li>\r\n \t<li><strong>Use a Checklist:<\/strong> Utilize an IFRS Presentation and Disclosure Checklist (Contact Crowe Vietnam for the latest update).<\/li>\r\n<\/ul>\r\n<strong>Step 3: Constructing a Detailed Chart of Accounts (COA) for IFRS<\/strong>\r\n\r\nBased on the template defined in Step 2, the entity develops a corresponding detailed Chart of Accounts. These accounts are mapped (coded) to specific line items on the Financial Statements to facilitate data aggregation.\r\n<ul>\r\n \t<li><strong>Note:<\/strong> This is typically performed in Excel or within the accounting software if it supports multi-GAAP functionality.<\/li>\r\n<\/ul>\r\n<strong>Step 4: Determining Conversion Journal Entries (VAS to IFRS)<\/strong>\r\n\r\nData conversion requires retrospective adjustments to determine opening balances under IFRS. For the first year of conversion, refer to IFRS 1 for specific guidance.\r\n\r\nConversion entries fall into two categories:\r\n<ul>\r\n \t<li><strong>Reclassification Entries:<\/strong>\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li>Initially, balances are mapped from VAS to IFRS. Mismatches in the nature of accounts require reclassification (moving part or all of a balance to a different account).<\/li>\r\n \t<li><strong>Impact:<\/strong> These entries do not affect total assets, liabilities, or net profit; they are strictly for internal presentation alignment.<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>Measurement (Adjustment) Entries:<\/strong>\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li>These arise from differences in recognition criteria and measurement bases (e.g., Fair Value vs. Historical Cost).<\/li>\r\n \t<li><strong>Impact:<\/strong> These entries do increase or decrease total assets, liabilities, revenue, or expenses. The entity must apply appropriate valuation formulas and data sources as guided by the relevant IFRS standards.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<strong>Important:<\/strong> The entity must collect data for detailed disclosures. All adjustments must be supported by robust documentation. This process is time-consuming and requires early planning and effective inter-departmental coordination.\r\n\r\n<strong>Step 5: Populating Financial Data and Finalizing Disclosures<\/strong>\r\n<ul>\r\n \t<li><strong>Data Aggregation:<\/strong> Once the IFRS account balances are finalized, they are aggregated into the Financial Statement template (typically using Excel mapping).<\/li>\r\n \t<li><strong>Disclosures:<\/strong> Complete the presentation and detailed notes to the financial statements.<\/li>\r\n \t<li><strong>Note:<\/strong> Continue to reference IFRS 1 for first-time adoption requirements.<\/li>\r\n<\/ul>\r\n<strong>Step 6: Overall Review and Finalization<\/strong>\r\n<ul>\r\n \t<li><strong>Reconciliation:<\/strong> Perform a high-level reconciliation between the IFRS Financial Statements and the VAS Financial Statements. Ensure that all significant variances are identified and reasonably explained.<\/li>\r\n \t<li><strong>Compliance Review:<\/strong> Review all presentation and disclosure content against the IFRS Checklist to ensure full compliance before final issuance.<\/li>\r\n<\/ul>"},{"faq_title":"3. Understanding IFRS 1 - First-time Adoption of International Financial Reporting Standards","faq_content":"IFRS 1 \u2013 First-time Adoption of International Financial Reporting Standards prescribes the specific principles and requirements for entities preparing and presenting their financial statements under IFRS for the first time. This standard serves as the \"regulatory framework\" for the initial transition year to IFRS.\r\n<h4><span style=\"font-size: 18px;\">Core Principle<\/span><\/h4>\r\nThe entity must prepare an Opening IFRS Statement of Financial Position at the date of transition to IFRS. This date is defined as the beginning of the earliest period for which full comparative information is presented.\r\n\r\nIn principle, the entity must apply IFRS retrospectively, meaning it must account for transactions as if it had always applied IFRS in the past.\r\n<h4><span style=\"font-size: 18px;\">Exceptions for Simplification<\/span><\/h4>\r\nRecognizing that full retrospective application may be impracticable or involve undue cost, IFRS 1 provides specific relief measures:\r\n<ul>\r\n \t<li><strong>Mandatory Exceptions:<\/strong> These are prohibitions on retrospective application, primarily to prevent the use of hindsight (subjective retroactive adjustments).\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li><strong>Example:<\/strong> Estimates made under previous accounting standards (VAS) cannot be revised retrospectively unless there is objective evidence of an error.<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>Voluntary Exemptions:<\/strong> These are optional choices that allow the entity to not apply certain standards retrospectively to reduce the implementation burden.\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li><strong>Example:<\/strong> Business combinations that occurred before the transition date do not need to be restated under IFRS 3;<\/li>\r\n \t<li><strong>Example:<\/strong> An entity may elect to use Fair Value as the \"Deemed Cost\" for property, plant, and equipment at the date of transition.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<h4><span style=\"font-size: 18px;\">Special Disclosure Requirements<\/span><\/h4>\r\nIFRS 1 mandates the presentation of detailed reconciliations to explain how the transition from the previous accounting framework (VAS) to IFRS affected the entity\u2019s reported financial position and financial performance. Specifically, the entity must reconcile:\r\n<ul>\r\n \t<li>Equity reported under VAS to Equity under IFRS; and<\/li>\r\n \t<li>Total Comprehensive Income reported under VAS to Total Comprehensive Income under IFRS.<\/li>\r\n<\/ul>"}]},{"acf_fc_layout":"faq_layout","faq_id":"insights-ifrs-6","faq_list":[{"faq_title":"1. What is the most fundamental difference between IFRS and VAS","faq_content":"The most fundamental and philosophical difference lies in the approach:\r\n<ul>\r\n \t<li><strong>IFRS is \"Principles-based\":<\/strong> IFRS provides a Conceptual Framework and core principles. Accountants must exercise professional judgment to apply these principles to the economic substance of a transaction, rather than relying solely on its legal form. IFRS focuses on the questions \"Why?\" and \"What is the substance?\".<\/li>\r\n \t<li><strong>VAS is \"Rules-based\":<\/strong> VAS and current Vietnamese accounting regulations tend to provide detailed, specific instructions for each case and are often strictly tied to the legal form and documentation requirements (e.g., invoices, contracts). This approach limits the scope for professional judgment but ensures high uniformity in application.<\/li>\r\n<\/ul>\r\n<strong>Practical Example:<\/strong> A company \"sells\" a building and immediately \"leases it back\" for a long term.\r\n<ul>\r\n \t<li><strong>Under VAS:<\/strong> This transaction might be accounted for separately as a sale (recognizing profit\/loss) and an operating lease (recognizing periodic rental expense), based on the separate contracts and invoices.<\/li>\r\n \t<li><strong>Under IFRS:<\/strong> The accountant must look at the substance. If the terms indicate that the seller retains the majority of risks and rewards associated with the building (e.g., lease payments are structured to ensure the buyer recovers their investment plus a return), this is substantially a financing arrangement, not a genuine sale. The entity would not recognize revenue but would instead recognize a financial liability (loan).<\/li>\r\n<\/ul>\r\nThis philosophical divergence leads to major differences in specific standards, particularly IFRS's emphasis on the use of Fair Value to reflect the current value of assets\/liabilities, whereas VAS relies primarily on Historical Cost."},{"faq_title":"2. What is the roadmap for IFRS adoption in Vietnam? Is it mandatory for my company?","faq_content":"The roadmap for IFRS adoption in Vietnam is regulated under the Scheme in Decision No. 345\/QD-BTC by the Ministry of Finance, divided into key phases:\r\n<h4><span style=\"font-size: 18px;\">Phase 1 (2019-2021): Preparation Phase<\/span><\/h4>\r\nThe Ministry of Finance prepares necessary conditions such as:\r\n<ul>\r\n \t<li>Publishing the Vietnamese translation of IFRS Standards.<\/li>\r\n \t<li>Developing and issuing guidance documents for IFRS application.<\/li>\r\n \t<li>Developing relevant financial mechanisms.<\/li>\r\n \t<li>Training human resources and implementation processes for enterprises.<\/li>\r\n<\/ul>\r\n<h4><span style=\"font-size: 18px;\">Phase 2 (2022 - 2025): Voluntary Phase<\/span><\/h4>\r\nThe following entities, if they have the need and sufficient resources, may inform the Ministry of Finance to voluntarily apply IFRS for the preparation of Consolidated Financial Statements:\r\n<ul>\r\n \t<li>Parent companies of large-scale State-owned economic groups or those with loans funded by international financial institutions;<\/li>\r\n \t<li>Parent companies that are listed companies;<\/li>\r\n \t<li>Large-scale public companies that are unlisted parent companies;<\/li>\r\n \t<li>Other parent companies.<\/li>\r\n<\/ul>\r\n<strong>Note:<\/strong> Enterprises with 100% Foreign Direct Investment (FDI) that are subsidiaries of foreign parent companies may voluntarily apply IFRS for their Separate Financial Statements upon notification to the Ministry of Finance.\r\n<h4><span style=\"font-size: 18px;\">Phase 3 (After 2025): Mandatory Phase<\/span><\/h4>\r\nBased on the assessment of the voluntary phase, the Ministry of Finance will stipulate the method and mandatory timing for IFRS application for Consolidated Financial Statements for specific groups:\r\n<ul>\r\n \t<li>Parent companies of State-owned economic groups;<\/li>\r\n \t<li>Parent companies that are listed companies;<\/li>\r\n \t<li>Large-scale public companies that are unlisted parent companies;<\/li>\r\n \t<li>Other large-scale parent companies.<\/li>\r\n<\/ul>\r\nOther companies not subject to mandatory application may still voluntarily apply IFRS for Consolidated or Separate Financial Statements if they have the need and resources."},{"faq_title":"3. Can IFRS Financial Statements be used for Tax Settlement (Tax Finalization) in Vietnam?","faq_content":"The answer is <strong>NO<\/strong>.\r\n<ul>\r\n \t<li><strong>Different Purposes:<\/strong> IFRS Financial Statements aim to provide useful information to investors and stakeholders for economic decision-making. Conversely, tax declaration and settlement must strictly comply with the Law on Tax Administration, Law on Corporate Income Tax, and relevant guiding circulars.<\/li>\r\n \t<li><strong>Material Differences:<\/strong> There are many discrepancies between revenue and expense recognition under IFRS and tax regulations.\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li><strong>Example:<\/strong> Under IFRS 15, revenue may be allocated and recognized over time based on the progress of performance obligations, whereas tax regulations often determine taxable revenue based on the invoice date or when a tax obligation arises.<\/li>\r\n \t<li><strong>Example:<\/strong> Accrued expenses under IFRS (e.g., warranty provisions) are generally not deductible for tax purposes until the actual cash payout occurs.<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>Practical Application:<\/strong> Enterprises applying IFRS must maintain two parallel sets of books or detailed reconciliation schedules to:\r\n<ul style=\"list-style-type: circle;\">\r\n \t<li>Prepare IFRS Financial Statements for reporting to investors\/parent companies.<\/li>\r\n \t<li>Prepare the CIT Finalization Declaration based on accounting figures adjusted according to Vietnam tax laws.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\nThis necessitates the accounting for \"Temporary Differences\" and \"Permanent Differences\" between accounting profit (IFRS) and taxable income, governed by IAS 12 - Income Taxes."},{"faq_title":"4. What is \"Fair Value\" and why is it a major challenge when applying IFRS?","faq_content":"<strong>Definition<\/strong>: According to IFRS 13, Fair Value is \"<em>the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.<\/em>\" Simply put, it is a market-based measurement.\r\n\r\n<strong>Why is it a major challenge?<\/strong>\r\n<ul>\r\n \t<li><strong>Mindset Shift<\/strong>: Vietnamese accounting is accustomed to the \"Historical Cost\" principle, which is highly verifiable via documents. Shifting to \"Fair Value\" requires a new mindset that is market-oriented and involves more estimation.<\/li>\r\n \t<li><strong>Lack of Active Market<\/strong>: Reliable fair value measurement requires an active market with frequent transactions for similar assets\/liabilities. In Vietnam, such markets for many asset classes (e.g., real estate, investments in unlisted companies) are still limited, lacking transparent and public reference data.<\/li>\r\n \t<li><strong>Complexity and Cost<\/strong>: In the absence of quoted market prices, entities must use complex valuation models (e.g., Discounted Cash Flow - DCF). This requires personnel with deep financial expertise and may necessitate hiring independent valuation specialists, resulting in significant costs.<\/li>\r\n<\/ul>"},{"faq_title":"5. What are the benefits of applying IFRS if the enterprise does not intend to borrow foreign capital or list internationally? ","faq_content":"Even without the need for international capital or listing, IFRS adoption brings substantive, long-term benefits to the enterprise, particularly in governance, market positioning, and strategic decision-making:\r\n\r\n<strong>Enhanced Internal Governance Quality:<\/strong>\r\n<ul>\r\n \t<li>IFRS requires estimates and judgments based on economic substance and <strong>forward-looking information<\/strong> (e.g., the Expected Credit Loss model in IFRS 9, Impairment testing in IAS 36). This forces management to take a deeper, more realistic view of risks and performance.<\/li>\r\n \t<li>More transparent and reliable financial information empowers the Board of Directors and Management to make more accurate business decisions.<\/li>\r\n<\/ul>\r\n<strong>Improved Comparability and Brand Positioning:<\/strong>\r\n<ul>\r\n \t<li>When financial statements are prepared in a \"common global language,\" the enterprise can easily benchmark its performance against competitors in the same industry, including other domestic companies applying IFRS.<\/li>\r\n \t<li>Publishing IFRS financial statements demonstrates a commitment to transparency, enhancing the company's reputation and brand in the eyes of partners, suppliers, and customers.<\/li>\r\n<\/ul>\r\n<strong>Basis for More Accurate Valuation:<\/strong>\r\n<ul>\r\n \t<li>IFRS financial statements reflect the value of the business closer to its market value (through the use of Fair Value). This provides a reliable information foundation for <strong>Mergers &amp; Acquisitions (M&amp;A)<\/strong> activities and for raising capital from <strong>Private Equity funds<\/strong>, even within the domestic market.<\/li>\r\n<\/ul>\r\n<strong>Conclusion<\/strong>: Applying IFRS is not merely to serve capital raising or international listing requirements; it is a tool for elevating governance quality, transparentizing information, and supporting the enterprise's long-term strategic decisions."}]}]}],"sidebar_custom":null,"site_custom":null}},"_links":{"self":[{"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/insight\/4446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/types\/insight"}],"author":[{"embeddable":true,"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/comments?post=4446"}],"version-history":[{"count":5,"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/insight\/4446\/revisions"}],"predecessor-version":[{"id":20948,"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/insight\/4446\/revisions\/20948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/media\/16647"}],"wp:attachment":[{"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/media?parent=4446"}],"wp:term":[{"taxonomy":"insight_categories","embeddable":true,"href":"https:\/\/brochure.crowevietnam.vn\/en\/wp-json\/wp\/v2\/insight_categories?post=4446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}