Accounting for Tangible Fixed Asset, Real Estate Investment and Costs of Capital Construction Under the Guidance of Circular No. 200/2014/TT-BTC

Abstract

The Ministry of Finance issued Circular No.200/2014/TT-BTC on 22.12.2014 replaces Decision No.15/2006/ QD-BTC of the Ministry of Finance on enterprise accounting regime, to solve the problems and shortcomings that have been outstanding for several years as well as to better meet the practical accounting work and so on. However, this change also generated new problems that should be clarified and overcome. This article refers to main changes in accounting for fixed asset, investment real estate and costs of capital construction according to Circular No. 200/2014/TT-BTC. Some recommendations are also launched to help businesses as well as policy makers to continue to study to adjust the direction of greater integration with the international accounting standards and in accordance with accounting practices in the enterprise in Vietnam