The reality of converting the financial statements from Vietnamese accounting standards to International financial reporting standards: the case of the Multinational corporations in Vietnam

The main objective of this study was to identify, evaluate, and to measure the attributes of the conversion of financial statements from Vietnamese accounting standards (VAS) to International financial reporting standards (IFRS) in the multinational corporations (MNCs) in Vietnam. The study was based on a field survey using a semi-structured questionnaire on a sample of 200 accountants. But, only 170 filled questionnaires were satisfactory and therefore included in the analysis. By using seceral statistical analytical tools, i.e. descriptive statistics, Cronbach's Alpha analysis, Independent Ttest and ANOVA, the study has identified and measured six (6) attributes of the conversion of financial statements from VAS to IFRS. Based on the findings, some recommendations are given to improve the conversion of financial statements from VAS to IFRS.