Details

  • Service: Audit
  • Type: Business and industry issue
  • Date: 1/1/2011

Financial Reporting Alert January 2011 

Ministry of Finance’s clarification regarding treatment of foreign exchange differences
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On 15 October 2009, the Ministry of Finance (MoF) issued

Circular No. 201/2009/TT-BTC regarding recognition of foreign

exchange differences. The Circular stated the following

provisions, which are not consistent with Vietnamese

Accounting Standard 10 - The Effects of Changes in Foreign

Exchange Rates (VAS 10):