Periods of financial statement

1. Periods of annual financial statements: Enterprises must prepare annual financial statements in accordance with the Law on Accounting.
2. Periods of interim financial statements: Interim financial statement shall include quarter financial statements (including quarter IV) and semi-annual financial statements.
3. Periods of other financial statements:
a) Enterprises may establish financial statements in accordance with other accounting periods (such as week, month, 6 months, 9 months ...) as required by law, parent companies or owners.
b) Accounting units divided, splited, amalgamated or conversed their ownership, dissolved, terminated their operation, bankrupt must prepare financial statements at the time of division, split, amalgamation or conversion of ownership, dissolution, termination of activities, bankruptcy.
4. Determination of sum year of financial statements of financial and statistic agencies.
When summarizing statistics, in case of receipt of financial statements of enterprises whose fiscal year is different from calendar year, State management agencies shall comply with the following principles:
a) In case the financial statements of the enterprises begin on April 1 and end on March 31 annually, the figures on financial statements shall be summarized statistics on figures of the preceding year;
b) In case the annual financial statements of enterprises begin on July 1 and end on June 30 annually, financial statements used to summarize statistics are semi-annual financial statements;
c) In case financial statements of the enterprises begin on October 1 and end on September 30 annually, the figures on financial statements shall be summarized statistics on figures of the following year;

Source: Circular 200