Apply International Accounting Standard for Financial Report in Some Countries and Experience for Vietnam

Vietnam Economy has been integrating with ASEAN Area as well as all over World. To improve business environment, stable development, support security market, protecting investor and attracting foreign direct investment, Government has required to advance transparency of financial information. On the other hand, in order to approach capital flow from international market and listing on foreign market, building financial statement with IFRS standard more and more is essential and important tendency of group and public firms. It is seen that, international account converging is indispensable tendency in globalization of world economy. That is long period and there are many nations joining. However, because of national difference that relate to legal, politic, culture, society make different converge way. This paper focus on international account standard applying process for financial statement in some nations and offering experience lesson to Vietnam.