The Factors Impact on Conversion of Financial Statements from Vietnam's Accounting Standard (VAS) Into International Financing Reporting Standard (IFRS) - Experimental Research for Vietnamese Companies

This research investigates a wide variety of relevant factors impact on conversion of financial statements from Vietnams accounting standards (VAS) into International financial report standards (IFRS) of Vietnamese companies. The result showed that conversion of financial statements from VAS into IFRS in Vietnam is impact by five factors, including Economic integration, Legal system, Cultural environment, Support by companys manager and Education of accountant. The Economic integration factor has greatest impact and after that, the Education of accountant factor has the second highest level of impact. Although influential, the three factors Legal system, Cultural environment, and Supporting of companys manager are all quite small. From the results of the research, author have drawn implications to collaboration between the Vienamese Government and Vietnamese companies in an effort to convert and adopt IFRS to prepare financial statements