Which accounting regime does the ODA project management unit apply?

Sat, 27 Apr 2019 19:33:00  |  Print  |  Email   Share:

(Chinhphu.vn) – Mr. Dinh Hoang Binh works at the Technical Assistanceof the  Project Management Unit (Belgian Non-Refundable ODA Project) with its own legal status and seal, the managing agency is the Provincial People's Committee.

Mr. Binh would like to ask, his unit is subject to the application of Circular No. 195/2012 / TT-BTC guiding accounting applicable to investors or according to the Decision No. 19/2006 / QD-BTC on public – non business  accounting regime?

Regarding this issue, The Ministry of Finance has the following opinions:

Subject of regulation adjustment of the Circular No. 195/2012 / TT-BTC dated November 15, 2012 of the Minister of Finance promulgating the accounting regime applicable to investors is stipulated as follows:

- Investors who has established investment project management unit shall apply accounting regime to the investor unit issued under the Circular No. 195/2012 / TT-BTC.

- The investor unit does not set up an investment project management unit, the investment project accounting is carried out on the same system of investors' accounting books, but must comply with the provisions of the Circular No. 195. / 2012 / TT-BTC on the content, method of recording and opening detailed accounting books reflecting investment capital, investment implementation costs, making financial reports and finalizing investment capital projects., specifically:

If the investor is an enterprise, then applying the enterprise accounting regime issued under the Circular No. 200/2014 / TT-BTC dated December 22, 2014 (for large enterprises) or Circular No. 133 / 2016 / TT-BTC dated August 26, 2016 (for small and medium enterprises).

If the investor unit is an administrative and non-business unit, the administrative and non-business accounting regime shall be applied according to the Decision No. 19/2006 / QD-BTC of March 30, 2006 and amended and supplemented. According to the Circular No. 185/2010 / TT-BTC dated November 15, 2010.

From the above provisions, he asked the unit to select the appropriate accounting regime.

By: Online Newspaper of the Government / Translator: HaiYen-Bizic


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