OVERVIEW OF FACTORS IMPACTING TO THE APPLICATION OF ACCOUNTING STANDARDS

Abstract

The application of accounting standards is a necessary measure to ensure transparency and properly explain the information which is presented on the financial statements. When an enterprise applies accounting standards, that will help the users who use the information on the financial statements to make the right decision. However, the application of accounting standards in practice has met certain difficulties and obstacles. By qualitative research methods such as synthesis, analysis, comparison, interpolation, the authors have provided research results on the factors impacting to the application of accounting standards in the enterprises in Vietnam and on the world such as education level, impact of tax, the level of compliance, the influence of auditing organizations, the perception of business owners, characteristics of enterprises and capital sources, the level of increase Economic growth, political, cultural and legal factors aim to help businesses identify the factors to apply accounting standards easily and effectively to promote the development of economic and society.