• Admin

Defining financial accounting

Accountants and economists define financial accounting in different ways, but the most acceptable way of referring to accounting can be "Financial accounting can be defined as a process of designing and operating an information system for collecting, information in order to make financial decisions". Any serious investor should keep in mind that despite all the regulation in place, accounting as a tool is still subjective. In Vietnam, as in any other countries in the World, a corporation has the power to fire its auditor and that naturally may influence accounting decisions. Also, a group of corporations can try to block the introduction of new accounting standards that might reduce their reported earnings.

4 views0 comments

Recent Posts

See All



This website shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any country or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such country or other jurisdiction. Please also note that the value of your investments can both rise and fall over time and that you should not assume that past performance will repeat itself. You may receive less than you originally invested. Anh Thomas Investment also declines any responsibility in respect of the tax treatment of your investments.


Copyright © 2021

Anh Thomas Investment & Management Consulting Co., Ltd

Invest in Vietnam

All rights reserved

  • LinkedIn
  • Facebook
  • Twitter