Nghiên cứu áp dụng kế toán suy giảm giá trị Tài sản cố định hữu hình tại Việt Nam (2)

1 information of any enterprise, which covers total TFA, total assets, Introduction The necessity of the thesis business performance, owner’s equity, ROA and ROE, etc Currently, Vietnam’s enterprises are applying the accounting based Different studies on fixed asset accounting completion in Vietnam on Vietnam’s accounting standard as well as the accounting system have not considered impairment accounting as an important task, issued by Ministry of Finance There have been 26 Vietnam’s accounting resulting in a lack of research for complete solutions To the author’s best standards issued owing to the selective application of international understanding, this leaves a hole for research on tangible fixed assets in accounting standards so that they are appropriate with Vietnam’s Vietnam Furthermore, under the context of international economic economy From 2001 – when the first accounting standard in Vietnam integration, was issued to present, the accounting regime and accounting reality have implementation in specific countries is an objective requirement, which experienced into helps to avoid out-of-date accounting Although there have been various international accounting standards The quality of accounting information studies on Vietnam’s accounting integration into international accounting, has been improved in terms of publicity and transparency; which helps to their scope is too general, causing difficulty in intensive research on each build up information fairness for enterprise’s external subjects The standard So far, there has been no specific thesis looking into impairment International Accounting Standard Board (IASB) initially issued accounting of tangible assets in Vietnam, which is, in fact, an important international accounting standard number 36 (IAS 36) – Impairment of and complex issue, causing arguments as well as related problems in assets in 6/1998, which was officially put into effect on 1/7/1999 So far, implementation and attracting numerous studies in the world As a result, IASB has amended the IAS 36 for several times, which has been applied the thesis named “A study on the accounting for tangible fixed asset widely in America, European Union, Australia, New Zealand, China, impairment in Vietnam” is carried out as a PhD dissertation various changes, which gradually integrated Malaysia, Hongkong and Taiwan In Vietnam, Ministry of Finance has the research on international accounting standard Research objective and research question compiled the accounting standard on impairment of assets However, this The general objective of the dissertation is the evaluation on conditions standard has not officially issued and probability of implementing accounting for tangible fixed asset IAS 36 requires the book value of assets including tangible fixed impairment in Vietnam, which is combined with lessons learnt of ones (TFA) which not exceed recoverable amount If the book value implementing that kind of accounting in the world in order to determine of a TFA is higer than recoverable amount, its book value should be the effective process and roadmap of accounting for fixed asset reduced IAS 36 is one of significant international accounting standards impairment in Vietnam Following are specific objectives: The reduced book value of TFA would have an impact on key financial - Giving an assessment of economic context, accounting integration demand, current status of accounting information related to tangible fixed assets provided by Vietnam’s enteprises in order to identify the necessity continuously operating Therefore, it does not cover tangible asset of accounting for tangible fixed asset impairment in Vietnam valuation in cases of bankruptcy, dissolution or owning changes As a - Studying the worldwide lessons learnt of implementing matter of fact, the dissertation only concentrates on accounting for accounting for tangible fixed asset impairment, which serve as references impairment of a specific asset which is tangible fixed one rather than for the establishment of accounting process for tangible fixed asset any other kinds of assets Although the scope of the international impairment in Vietnam in the most appropriate basis accounting standard number 36 is comprised of tangible fixed asset, - Undertaking a survey on perception, response and opinions of the investments in subsidiary and joint-venture companies, long-term joint economy-related subjects towards the implementation of accounting for venture capital contribution as well as intangible fixed assets; this study tangible fixed asset impairment in Vietnam, which, in specific, are to be specifically looks into this standard’s effect on tangible fixed assets collected and analyzed in order to propose the process for implementation To serve the research objectives, the research questions to be presented as follows: The thesis does not try to provide a research on impairment of tangible fixed assets due to the enteprise’s depreciation after long time utilization, but it focuses on accounting for impairment of tangible fixed assets based on unexpected reasons which result in lower asset’s book - It is essential to implement accounting for tangible fixed asset value than recoverable value The unexpected reasons causing lower impairment in Vietnam? What are reasons affecting the urgent recoverable value than book value might derive from internal or external implementation of the above mentioned accounting? What are negative impacts of not implementing this accounting? - Do different economic subjects agree to implement accounting for tangible fixed asset impairment? What are solutions to achieve high agreement? - What are possible amendments to bring about effective implementation of accounting for tangible fixed asset impairment in Vietnam? Research scope and research method Research scope This dissertation focuses on the accounting for impairment which is specifically applied to tangible assets in the case that the enterprise is factors of the enterprises such as asset utility inefficiency, difficultyconfronting consumption market based on asset utilization, etc The dissertation only looks into impairment of tangible fixed assets in enterprises, not pubic sector Research methods Following are research methods used in the dissertation: - Synthesis and analysis The method of synthesizing and analyzing is carried out based on the collection of previously published scientific research results The author analyzed different opinions, arguments and previous results to understand the nature of the issue Then, the author created a linkage among elements that were analyzed to present them in a logical system The synthesis and analysis was used for Chapter – Literature review and Chapter – time, optimize the benefit of asset’s real value reflection-as expected by Arguments about accounting for impairment of tangible fixed assets the standard issuer - Qualitative method In terms of academic aspect The qualitative method was utilized in practical research This method - The dissertation systemized general arguments concerning the aims at exploring reality, describing observed phenomenon and accounting of tangible fixed assets which directly impacts on the classifying phenomena; which help to identify the nature of new problem necessity of accounting for impairment of tangible fixed assets; as well as that has not been covered The used techniques of qualitative method are arguments about accounting for impairment of tangible fixed assets based group discussion, deep interview and questionnaire on the synthesis, analysis and comparison of different opinions Contributions of the study worldwide This study was carried out under the context of Vietnam’s - The dissertation added a research tendency for new accounting accounting implementation based on standards and regulations without issues in Vietnam, which refers to research on reaction, awareness and any regulations on impairment of asset value From the perspective of collection of comments and feedbacks from economic subjects before the international accounting integration, currently, there are numerous accounting for impairment is issued and implemented countries applying accounting for impairment of assets, so, it is an In terms of practical aspect objective requirement to study the application of this accounting in - The dissertation clearly identified reasons for the implementation Vietnam This study is also compatible with the process of policy issue of accounting for impairment of assets in Vietnam as well as drawbacks In detail, before the policy is released, it is necessary to conduct studies of not implementing this accounting evaluating real situation, obtaining experiences and analyzing possible - The dissertation synthesized reactions, awareness and opinions of disadvantages The study on reaction of relevant economic subjects in different economic subjects regarding accounting for impairment of accounting for impairment of assets helps to bring about suitable tangible fixed assets, which would be the basis for its implementation amendments for Vietnam to apply - The research results serve as references for the study on issuing Previous studies in the world illustrated that on issuing the accounting regulations on impairment of tangible fixed assets in Vietnam, accounting for impairment of assets, the compliance has been low and suggestions for enterprises to implement to manage their tangible whereas the behavior taking advantage of accounting for impairment has fixed assets been rather high Thanks to this study, it is hoped that the author can This study is conducted under the context of not implementing contribute specific solutions to mitigate opportunity behavior, at the same accounting for impairment of tangible assets in Vietnam However, references for this study reveal reality of implementing this accounting in different countries, then, in my opinion, this research would maintain long-term value in Vientam Dissertation structure The structure of the dissertation is presented as follow: Introduction Chapter 1: Literature review on the dissertation topic Chapter 2: Theories about accounting for impairment of tangible fixed assets Chapter 3: Research methods Chapter 4: Reality of applying probability of accounting for impairment of tangible fixed assets in Vietnam Chapter 5: Solutions to the application of accounting for impairment of tangible fixed assets in Vietnam Conclusion CHAPTER LITERATURE REVIEW 1.1 International studies In searching for literature review of foreign studies which are relevant to the thesis, the author successfully collected a number of reseaches mainly under the type of journal articles Most of these articles proposed conclusions based on evidences from quality research The data used in qualitative research shared the same feature of being extracted from countries implementing accounting for impairment of assets The synthesis of research data concerning the accounting for impairment of assets focuses on the following issues: Firstly, the dissertation studies motivation affecting the decision on business managers’ recognition of asset impairment Secondly, it discusses the relationship between the decision of book value of asset 10 impairment and the management quality of the enterprise The accounting essential to the integration process Numerous authors have identified the of asset impairment heavily depends on evaluation of the enterprise’s benefit of information related to tangible fixed asset impairment for internal managers on its asset utilization efficiency in the future Good finance and accounting users, especially in the context of while and post business management usually holds objective assessment of assets and economic crisis Although there is an introduction to and discussion about does not avoid impairment of assets when there are any signals Thirdly, the international accounting standard of asset impairment, the studies on the research studies the influence of whether or not allowing the reversal the completion of tangible fixed asset accounting in Vietnam’s enteprises of booked assets as impaired when there is economic recovery signal on have not appreciated the necessity of book value of tangibe fixed asset the decision of booking impaired assets Forthly, the study researches level impairment, they also have not identified the addition of information of compliance to accounting standard of asset impairment Fifthly, it looks about tangible fixed asset impairment, thus, these studies are not into the relationship between armotization and asset impairment Sixthly, intensively carried out it compares the accounting standard of asset impairment issued by Financial Accounting Standard Board of America (FASB) with the one by International Accounting Standard Board (IASB) 1.2 Domestic studies Domestic studies relating to the topic of the dissertation focus on the following issues: - Completion of accounting for impairment of tangible fixed assets in Vietnam’s enteprises - Reality of accounting implementation and solutions to complete Vietnam’s accounting based on international integration - Necessity of information about accounting for asset impairment in Vietnam - Research and clarification of contents related to the regulation on 1.3 Comments on revious studies and identification of research issue Both international and domestic studies show the necessity of providing additional information of accounting for tangible fixed asset impairment in Vietnam In fact, accounting for asset impairment is a complex task, which can be easily exploited in the contrastive intention to the issuer’s Thus, in order to achieve the general objective of the dissertation, the author determines key problems to be solved include: - An evaluation on reality of accounting information related to tangible fixed asset in Vietnam at present and disadvantages of not implementing accounting for tangible fixed asset impairment, which help to analyze the necessity of accounting implementation of tangible fixed asset impairment in Vietnam international accounting standard number 36 and the necessity to - A survey on awareness, reaction and opinions of relevant subjects about implement impairment book value of tangible fixed assets in Vietnam process of making balance sheet as well as those of information users and Based on published domestic studies, it can be seen that continuous research on international accounting standard application in Vietnam is other subjects in the economy about accounting for tangible fixed asset 11 impairment; a collection of contributions to propose effective approach of 12 Financial accounting provides information to enterprise external the above accounting in Vietnam subjects Its guideline is completing and issuing international accounting - Lessons learnt from actual accounting for asset impairment worldwide standard towards transperant and beneficial information provision to in order to propose the implementation process in Vietnam users The financial accounting of tangible fixed asset shares the same content as the above In section 2.2, the dissertation presents accoutnign Chapter conclusion process of tangible fixed assets with steps of initial measurement, cost Chapter provides a synthesis of international and domestic studies incurred on measurement subsequent to initial recognition, amortization, linked with the thesis Then, the author analyzed issues that have been book value of tangible fixed assets at the end of accounting period, studied so far Based on the inheritance of previous research results and derecognition of tangible fixed assets and requirement of tangible fixed the hole to be further studied, the author presented reasons for conducting assets in financial statement presentation this research and identifying essential issues in the research 2.3 Models for tangible fixed asset recognition The use of tangible fixed asset (TFA) recording model has direct CHAPTER impact on the necessity of accounting for impairment of tangible fixed THEORIES ABOUT ACCOUNTING FOR IMPAIRMENT OF assets When applying fair value model, at the time of making financial TANGIBLE FIXED ASSETS statement, the enterprise would adjust report value of TFA based on the 2.1 Tangible fixed assets market despite its higher or lower revaluation than book value at that Section 2.1 of the dissertation presents contents related to standard time If value recording of tangible fixed asset based on historical cost of recognizing tangible fixed assets, classifying these assets based on applies accounting for asset impairment, and at the time of making different criteria and demonstrating the role of these assets in an financial statement, TFA recoverable value is lower than its book value; enteprise’s operation The typical feature of tangible fixed assets is that the asset should be recorded as being impaired Therefore, in case of fair they are invested for long-term use serving business operation in order to value model, the accounting for TFA does not reflect impairment In create future cash flow for the enterprise They are also considered as an other words, TFA accounting under fair value model and the application important basis for the selection of model based on the combination of accounting for impairment of TFA negates each other The new between initial price and book value impairment, which is presented in tendency accounting is gradually changing to the application of fair value the latter sections of chapter model to asset items in the balance sheet However, due to typical 2.2 Accounting for tangible fixed assets features of TFA, the author recognizes that the application of fair value model still maintains a number of inappropriate points, making an 13 14 enterprise’s report data to be distorted Thus, based on the analysis of two basis for implementation proposal in Vietnam, which is presented in TFA recording models, the author succeeded in giving persuasive reasons chapter for applying historical cost accounting for TFA, which is combined with accounting for impairment of TFA 2.4 Accounting for impairment of tangible fixed assets Accounting for impairment of TFA aims at providing information related to book value of TFA which cannot exceed recoverable value If the book value of TFA is higher than recoverable value, that asset should be recorded as being impaired The recoverable value of TFA is determined based on the comparison between fair value minus sale cost and using value of the asset in the enterprise Then, the higher value would be chosen as recoverable one The record of impairment of TFA according to IAS 36 also covers typical features of TFA in any enterprise, which serve long-term use and future economic benefit The using value is determined based on future economic benefit that TFA could bring to the enterprises Accounting process for impairment of TFA presented in the dissertation includes the stages of identifying cash-generating unit; examining price discount signal; determining recoverable value; recording and presenting impairment of assets; releasing information of TFA impairment in financial statement Reality of applying accounting for impairment of TFA in the world today is affected by international accounting standard 36 which is issued by international accounting standard board and American financial standard number 144 which is issued by Financial accounting standard commission in Amarica The dissertation supplied an analysis into great differences between the above two standards, serving as the 15 16 Chapter conclusion CHAPTER RESEARCH METHODS 3.1 Analytical frame of the dissertation The process of synthesizing and analyzing theories related to TFA is invested by the enterprises with the aims of long-term use for business operation activities Based on specific features and functions of TFA in an enterprise, the accounting should record typical information of TFA The traditional model of historical cost records TFA according to its initial cost and depreciation In addition to amortized value of TFA, which is accumulated in amortization ratio, TFA also loses value due to other reasons Accounting for impairment of TFA has helped to release TFA information which is not higher than recoverable value This result in overcoming the disadvantage of historical cost model Despite the tendency of fair value accounting, the combination between historical cost model and impairment accounting is still advantegous to TFA All aspects of features, roles and contents of TFA as well as accounting for impairment of TFA were presented in chapted accounting for impairment of TFA revealed the importance of accounting transaction for impairment of TFA and usefulness of accounting information about impairment of TFA The literature review of international studies also stated that in spite of its positive purpose, the transaction of accounting standard for asset impairment can be easily exploited due to opportunity behavior and pre-implementation anticipated problems In Vietnam, there have been various studies on the completion of the standard Although the accounting mechanism in Vietnam follows the tendeny of international integration, its published studies are on large scale without any specific research on accounting for impairment of assets Researches on the completion of TFA in Vietnam have neither solved concerning problems nor added information of accounting for impairment of TFA Based on the theories, literature review and identification of gaps in previous studies, the author determined the pupose of this dissertation as giving a comprehensive research on probability, demand and solutions to effectively implement accounting for impairment of TFA in Vietnam The analytical frame of this dissertation was illustrated in figure 3.1 17 18 different opinions, arguments and previous researches to explore the Purpose of the dissertation The role of impairment information to TFA Tendency, lessons learnt from the implementation of accounting for impairment of TFA in the workd Requirement of additional information about impairment of TFA in Vietnam nature of the issue Then, the author created a linkage among analyzed elements to present them in a logical system Synthesizing and analyzing methods Theoretical basis General research Identification of probability, demand and solutions to implement accounting for impairment of TFA in Vietnam Qualitative method Evaluation on economic context, accounting integration Evaluation on information supply demand Evaluation on implementation probability The method of synthesis and analysis is utilized in Chapter 1– literature review and Chapter – Theories about accounting for impairment of TFA Qualitative method The author used qualitative method in pratical research This method aims at exploring reality, describing the observed phenomenon and classifying symptoms in order to identify the nature of the new issue that has ever been covered The techniques used in qualitative method include group discussion, deep interview and questionnaire Group discussion is conducted to build up questionnaire, questions for deep interview before the real interview and the pilot one The purpose of group discussion is identifying the structure of given questions in the questionnaire and the content of the deep interview in order to Figure 3.1: The dissertation’s analytical frame survey awareness and perception of different subjects about accounting Source: Suggestion by the author for impairment of TFA, as well as their reactions to the situation with TFA impairment accounting implementation in Vietnam, then, it is 3.2 Research methods of the dissertation In order to solve the research problems, the author use two main research methods of synthesis and analysis as well as qualitative approach Synthesizing and analyzing method The method of synthesizing and analyzing is carried out based on the collection of previously published studies The author analyzed possible to collect the recommendations The author directly moderated the group discussion There were six participants in group discussion, who were accounting lecturers In addition, there were students majoring in accounting joined as independent secretaries to take notes of discussion opinions The content of pilot survey had been prepared beforehand by the author so that it could be amended, discussed and added with new points After having collected opinions from group members about the survey content, the author built up the questionnaire and interview 19 20 questions After that, the author consulted experts for their opinions abut about the process of making financial statement, using financial the questionnaire and the survey questions The author carried out pilot statement, and those of other economic subjects about the implementation interview and survey to seek for any arising problems and adjusted some of accounting for impairment of TFA points Lastly, the final questionnaire and interview questions were fixed 4.1 The effects of Vietnam’s economy context on demand and The deep interview was conducted according to the available probability of applying accounting for impairment of tangible fixed questions used for two subjects including strategic investors and credit assets The two outstanding issues that affect demand and probability of officials of commercial banks Questionnaire-based survey was applied to subjects relevant to the applying international accounting standards in general and those of asset process of making financial statement in enterprises as well as small and impairment in particular in Vietnam include international integration and retail investors the development of stock market in Vietnam Vietnam’s economy is integrating more and more deeply and widely into the international Chapter conclusion In chapter 3, the author identified the analytical frame and research economy, which requires accounting to serve as the mutual language, and methods to serve the dissertation objectives Results from the application international standards to be studied and applied here At the same time, of in order to ensure a sustainable stock market, a significant factor is research methods recommendations for would help successfully the author applying the in determining accounting for impairment of TFA in Vietnam CHAPTER REALITY OF APPLICATION PROPABILITY OF ACCOUNTING FOR IMPAIRMENT OF TANGIBLE FIXED ASSETS IN VIETNAM In the context that Vietnam has not implemented accounting for impairment of tangible fixed assets, the contents of reality survey include affecting economic and accounting background on implementation demand for TFA impairment accounting; accounting information provided by enterprises in the situation of not implementing accounting for impairment of TFA in order to identify drawbacks due to the situation; survey on awareness, reaction, opinions of relevant subjects complete, transparent and benefitial information released by listed enterprises The implementation of accounting for impairment of TFA would contribute to the addition of useful information provided for information users 4.2 Reality of accounting information of TFA released by Vietnam’s enterprises Based on accounting information related to TFA released by enterprises in Vietnam, the dissertation stated concerning problems Not implementing accounting for impairment of TFA has caused regretfull effects such as enterprises’ capital waste, long-term information hiding in terms of assets’ real value and corruption hiding in terms of asset investment, etc 21 22 4.3 Survey on opinions about applying accounting for impairment of tangible fixed assets in Vietnam The author conducted a survey on awareness, reaction and CHAPTER SOLUTION TO THE IMPLEMENTATION OF ACCOUNTING FOR IMPAIRMENT OF TANGIBLE FIXED ASSETS IN contributions of enteprises, investors, credit officials of commercial banks VIETNAM and accounting experts about the application of accounting for 5.1 The opinion of implementing accounting for impairment of impairment of TFA in Vietnam The dissertation analyzed survey results TFA in Vietnam to serve them as the basis for suggested solutions in chapter Chapter conclusion The correct identification of applying accounting for impairment of TFA in Vietnam helps to bring about effective implementation The The context of Vietnam’s integration to the international economy opinion of applying the above mentioned accounting in Vietnam is and development of stock market are objective requirements for determined based on the specific context that this country’s accounting Vietnam’s completion of accounting standards in general and system still maintains typical features of accounting transaction for implementation of accounting for impairment of TFA in particular impairment of TFA The dissertation’s insistence on applying accounting However, the survey results of economic subjects revealed arising for impairment of TFA in Vietnam covers: this country’s determination to problems for the implementation of accounting for impairment of TFA in implement accounting for impairment of TFA despite avoidance and Vietnam The number of TFA impairment accounting supporters in disbelief; improvement of instruction, training courses on accounting for enterprises is higher than its opponents However, the latter still makes up impairment of TFA due to its complexity; appropriate roadmap for a considerable ratio It is essential to conduct more research on improving implementation in Vietnam the agreement about new accounting policy which creates favoourable 5.2 Solution to the application of accounting for impairment of TFA conditions for effective implementation Small and retail investors have in Vietnam not highly agreed due to their worries about unsustainability of the stock market Therefore, the implementation process needs to go step by step in order to avoid causing negative thinkings Credit officials and long-term investors highly agree but still worry about difficulty in implementation and unfair information, etc These survey results would be the foundation for the author to identify problems to be solved and propose solutions in chapter Based on experiences from implementing accounting for impairment of TFA in the world, the author gave implementation proposal in Vietnam, and consulted accounting experts for solutions to apply accounting for impairment of TFA 5.2.1 Specific solutions to the implementation of accounting for impairment of tangible fixed assets at enterprises Suggested solutions to the implementation of accounting for impairment of TFA at enteprises aim at simplifying the implementation process in 23 24 enterprises Implementation steps are specified through figures in order to CONCLUSION improve the feasibility of new accounting policy, which cover cash- Tangible fixed assets build up basic facilities of any enterprise, generating unit; implementation solutions to TFA investment preparation; which serve business operation activities Enterprises invest in TFA for implementation solutions to TFA utilization; solutions to record and long-term use The effective investment in TFA lays the foundation for present information of TFA impairment sustainable development The value of TFA usually makes up a large 5.2.2 Application roadmap amount of total assets’ value of an enterprise Based on the current Accounting for impairment of assets is a complicated and greatly auditing mechanism in Vietnam, the net value of TFA in the balance estimated aspect The lesson learnt from researching the implementation sheet is recorded according to the criteria of residual value of TFA of accounting for impairment of assets in the world showed that this kind However, that information is not really useful to information users in of accounting transaction would be easily exploited in the bias intention some cases due to different reasons that devaluate the assets in an of the enterprise manager, so, a roadmap is essential to ensure effective unexpected basis Accounting for impairment of TFA ensures that the implementation The suggested roadmap of TFA impairment accounting value of recorded TFA is not higher than recoverable value Although in Vietnam is built up with periods of preparation; implementation 1; accounting for impairment of TFA has been applied in numerous implementation The suggested periods are ascending based on countries, it still confronts with arising problems which reduce expected compliance requirement and linkage level of implementation tasks which results The research on “Application of accounting for impairment of aim at complete compliance to IAS 36 tangible fixed assets in Vietnam” helps to find out solutions to the Chapter conclusion Although accounting transaction for impairment of TFA is effective implementation of this accounting transaction in Vietnam Main problems solved in the dissertation complex, Vietnam should determine to implement it In order to - The dissertation provided an overview of thesis-related theories effectively apply accounting for impairment of TFA which aims at - It synthesizes previous studies on thesis-related theories improving quality of accounting information, providing valuable - It analyzed the context of economy and accounting in Vietnam as information to users, it is necessary to establish specific instruction and well as arising problems due to not implementing the accounting for suitable roadmap In chapter 5, the author proposed solutions to impairment of TFA, which revealed the objective necessity to implement efficiently implement accounting for impairment of tangible fixed assets this accounting transaction in Vietnam -It summarized results of the survey for reactions, awareness and opinions of enterprises, investors and credit organizations about their 25 26 intention of applying the mentioned accounting in Vietnam, which helped quantitative model to analyze factors affecting level of agreement of to identify problems to be solved economic subjects about the implementation of accounting for - Based on the theory, lessons learnt from worldwide and impairment of TFA in Vietnam However, during the research process, Vietnam’s context, the dissertation proposed solutions to apply some experts commented that the theoretical basis was not strong effectively the mentioned accounting in Vietnam Suggested solution enough to carry out that model, also, the number of responses was groups include proposal for implementation process at enterprises, inadequate, so, some contents of the questionnaires were not analyzed in proposal for application roadmap; proposal for awareness and actions of the dissertation other individuals and organizations Limitations of the dissertation Suggestions for future research The dissertation has not collected enough data to conduct In addition to the achievements, the dissertation still maintains quantitative research Based on th results in the dissertation, other studies some drawbacks In specific, due to long time research which fell into can expand the scale of data collection in order to apply the research period with numerous changes of international economy in general and model analyzing factors which influence willingness to agree on a new Vietnam’s economy in particular, then, the most recent economic accounting policy context cannot be updated in the dissertation In the survey of economic The dissertation was carried out under the context of not subjects, the number of responses was not as high as expected implementing accounting for impairment of TFA in Vietnam in particular Therefore, there were not enough responses to carry out quantitative and that of assets in general However, when Vietnam issues and research At the time of this study, the accounting for impairment of implements accounting for impairment of TFA, new studies might follow TFA was quite new in Vietnam Thus, despite the author’s great efforts, the approaches in the world this dissertation cannot avoid out-of-date points when it is released This regulation and analyzing the relationship between recording decision of results from the fact that Vietnam’s accounting is improving, completing asset impairment and business management quality and integrating into international accounting; its new accounting policy is being continuously amended and added The accounting transaction for impairment of TFA is complicated with enterprise’s estimation and causes various arguments Therefore, although suggested proposals in this dissertation were consulted from key people in the economy, it is certain that they cannot satisfy with some contents given by the author Concerning the survey, at first, the author determined to use the such as analyzing the compliance of ... small and impairment in particular in Vietnam include international integration and retail investors the development of stock market in Vietnam Vietnam’s economy is integrating more and more... for impairment of TFA in Vietnam CHAPTER REALITY OF APPLICATION PROPABILITY OF ACCOUNTING FOR IMPAIRMENT OF TANGIBLE FIXED ASSETS IN VIETNAM In the context that Vietnam has not implemented accounting... identified reasons for the implementation Vietnam This study is also compatible with the process of policy issue of accounting for impairment of assets in Vietnam as well as drawbacks In detail, before