[Download] Standard 2024 financial report explanatory form

Financial statement notes are a concept that is no longer unfamiliar to those working in the field of accounting and business administration. So what role does this document play and what important contents are needed? In the article below, 1C Vietnam will summarize the latest financial report explanatory samples and provide useful information to learn now!

1. What is a financial statement note?

The notes to the financial statements are an indispensable part of the financial statements. This is a document used to analyze in detail data and information presented in business performance reports, cash flow reports and balance sheets. Financial statement notes helps present financial reports more reasonable and honest.

2. Principles for preparing financial statement notes

How to prepare a financial statement requires the implementer to comply with certain principles to ensure honesty and clarity. Specifically:

Comply with the provisions of Accounting Standards on "Presentation of financial statements" and instructions in the financial reporting regime during the preparation of annual financial statements.
Comply with the provisions of Accounting Standards on Circulars guiding standards and interim financial reports (including full and summary).
The content of a business's financial report should have all the following information:
- Information on the basis for creating and presenting financial statements and specific accounting policies applied in significant transactions and events;
- Information required by Accounting Standards has not been presented in the Financial Statements (Material information);
- Additional information that is important to the fair and honest presentation of the organization's financial position but does not appear in other financial reports.
The notes to the financial statements need to be presented and organized systematically. In addition, the reporter needs to proactively arrange the serial numbers in the explanation in a way that best suits the characteristics of the business. This principle stipulates that each item in the income statement, balance sheet, and cash flow statement should be highlighted to lead to related information in the notes to the financial statements .

How to make financial statement notes — *The content of a business's financial report needs to contain all business information*

3. Operational characteristics of the enterprise

Depending on the type of business, the notes to the business's financial statements will be different. Below are detailed suggestions:

Form of capital ownership of the enterprise	The form of capital ownership divides businesses into the following company models: State-owned companies, partnerships, joint stock companies and private enterprises. In particular, the explanation of the financial statements of a State-owned enterprise must clearly state: Name of country and territory of each investor in the enterprise (including Vietnamese nationality investors and Vietnamese nationality investors). foreign); fluctuations in capital contribution ratio and equity structure among investors at the end of the fiscal year.
Business field of the enterprise	Is it a construction, manufacturing, service, commercial business or a combination of many business fields.
Business	The financial statement notes should clearly and in detail present the main business activities, refer to Vietnam's economic industry regulations and the production or service characteristics of the enterprise.
Normal production business cycle of the enterprise	In case this cycle is longer than 12 months, the average cycle of the field or industry must be explained.
Operational characteristics affect the financial statements of the enterprise during the year	Financial reports need to present clearly and in detail events about the legal environment, characteristics of business activities, market developments, finances, management, events of division, separation, merger, etc. Changes in scale,... have an impact on the financial statements of the enterprise.
Structure of the business	The notes to the enterprise's financial statements should clearly state the organizational structure: List of subsidiaries: Presents details of name, voting ratio, address, parent company's interest ratio to the companies, and capital contribution ratio. List of affiliated companies and businesses: Detailed presentation of names, addresses, capital contribution ratio, voting rights ratio, and corporate interest ratio in affiliated companies and joint ventures. List of affiliated units with dependent accounting: Presents detailed information about the names and addresses of the units.

4. Standard detailed financial report explanatory form

To help businesses save time and create accurate financial statements, 1C Vietnam has compiled the following templates. Businesses can easily download and edit appropriate information:

4.1 Financial statements according to Circular 133

The financial statement explanatory form according to Circular 133 is often used for small and medium-sized enterprises. Enterprises rely on the accounting principles, structure and content of accounting accounts specified in Circular 133 to reflect and account for economic transactions arising in accordance with management requirements. unit and operational characteristics of the organization.

In case the enterprise's fiscal year changes so that it is no longer subject to the provisions of Circular 133, this Circular can only be applied until the end of the current fiscal year and the Regulation must be changed. Accounting degree suitable for the following years.

Download the financial report explanatory form according to Circular 133 HERE .

4.2 Financial statements according to Circular 200

The financial statement disclosure form according to Circular 200 can be applied to all businesses. Similar to Circular 133, Circular 200 also requires contents such as balance sheet, business performance report and financial statement notes . The financial report presentation template according to Circular 200 has detailed instructions on accounting for major economic transactions.

Download the financial report explanatory form according to Circular 200 HERE .

Thus, the article on 1C Vietnam has compiled the most popular financial report explanatory templates today to support your business in the process of creating and building reports. Hope your business has more useful information. If you have any questions, please contact 1C Vietnam for support.

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