Internal management reporting and consolidated financial statements

Establishing a comprehensive internal management reporting system and preparing consolidated financial statements in accordance with IFRS standards plays a vital role in enhancing corporate governance, increasing financial transparency, and laying the groundwork for fundraising, IPOs, or reporting to overseas parent companies. Complying with IFRS not only helps enterprises align with international standards but also provides a more accurate reflection of their real market value.

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OUR SCOPE OF SERVICES

Consulting on management reporting system design

Designing a management reporting system tailored to the enterprise governance model (e.g., cost center, profit center), including revenue, expense, and profit reports by each department, project, region, or product.

Providing templates and guidance for organizing accounting and financial data to support management needs—enabling real-time tracking of cash flow, profitability, operational performance, and cost control.

Adjusting and converting data from Vietnamese Accounting Standards (VAS) to International Financial Reporting Standards (IFRS), including revaluation of line items such as assets, liabilities, revenue, and unrealized profits.

Consolidating data from subsidiaries and dependent units—both domestic and international—to prepare IFRS-compliant consolidated financial statements. This includes eliminating intercompany transactions, adjusting goodwill, and applying consolidated currency translations.

Working directly with the financial departments of parent companies or international audit firms to ensure IFRS-compliant reports are accurate, consistent, and submitted on time.

Accompanying enterprises throughout the transition from VAS to IFRS, including staff training, development of new accounting policies, support in software implementation, and establishing internal controls in accordance with international standards.

BENEFITS OF ENGAGING OUR SERVICES

Selecting the appropriate partner is paramount; it not only ensures corporate compliance but also enables the enterprise to achieve sustained advancement. At CFT, we are dedicated to generating substantive value and providing management depth, thereby facilitating transparent, secure, and sustainable operations for businesses operating in Vietnam.

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HOW WE DO IT

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We guarantee that every step of your business deployment in Vietnam adheres to strict standards, regulatory compliance, and accuracy, ensuring outcomes that deliver both legal correctness and genuine economic value.

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OUR COMMITMENTS

Other services

At CFT, we provide a diverse portfolio of services tailored precisely to meet the specific requirements and operational phases of your enterprise.

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OUR TEAM

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CONTACT CFT

Confused? Would you like to discuss your issue in more detail, let us help you, please fill in the form below and send it to us. A free consultation email or 45 minute meeting will be arranged to help you understand your accounting issue better.

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    Publication

    New provisions under Decree No. 239/2025/ND-CP amending and supplementing Decree No. 31/2021/ND-CP

    Content:  Clause 7 of Article 2. Definitions Clause 1 of Article 6. Receipt of applications and handling of investment procedures Article 27. Duration of investment projects Article 34. The power to issue, adjust and revoke investment registration certificates Article 36. Procedures for issuance and adjustment of investment registration certificates of...

    6 Significant recent legal developments

    Content:  Amended Law on Enterprises 2025 (amending and supplementing several provisions of the Law on Enterprises 2020, as amended in 2022)2. Law on Social Insurance 2024 and Decree 158/2025/ND-CP guiding mandatory social insurance Law on Value-Added Tax (VAT) 2024 and Decree 181/2025/ND-CP guiding VAT Law Decree 219/2025/ND-CP on foreign employees...

    Guide to E-ID Registration for Agencies and Organizations

    Content:  Eligible Users Registration Method

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