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Method of Matching Coefficients to Measure of Formal Convergence of VAS with IFRS

AnhTuan Nguyen, Guangming Gong, Huynh Tan

Abstract


This research use the matching coefficient method to analyses the quantification of the convergence degree between the Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS). We assess the extent of convergence between VAS with IFRS from single standard, and the standards as a whole set. We are using matching coefficient method to measure the level of convergence of VAS with IFRS. Results our analysis, indicates that the overall convergence level of VAS with IFRS achieve modest level 65.72%. In this study, we have proposed method of matching coefficients to measure of formal convergence of VAS with IFRS.

Keywords


Vietnamese Accounting Standards (VAS); International Financial Reporting Standards (IFRS); Measurement of Convergence; Matching Coefficient; Accounting in Vietnam

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