IFRS 18 VÀ SỰ KHÁC BIỆT SO VỚI IAS 1: CƠ HỘI VÀ THÁCH THỨC ĐỐI VỚI VIỆT NAM TRONG QUÁ TRÌNH ÁP DỤNG

Abstract

This article aims to analyze the differences between IFRS 18 – Presentation and Disclosure in Financial Statements and IAS 1 – Presentation of Financial Statements. IFRS 18 introduces significant improvements to enhance transparency, comparability, and consistency in corporate financial statements, particularly by classifying income and expenses into five categories in the statement of profit or loss: operating, investing, financing, income tax, and discontinued operations. Additionally, the article discusses the opportunities and challenges that Vietnam may face in adopting IFRS 18. In terms of opportunities, the implementation of IFRS 18 will help Vietnamese enterprises improve the quality of financial reporting, enhance access to international capital markets, and strengthen financial management. However, there are notable
challenges, including the differences between IFRS and the Vietnamese Accounting Standards (VAS), the requirement for higher professional competence among accountants, and the costs associated with transitioning accounting systems and technology.