Vietnam's IFRS Application: Financial Reporting and Analysis Report

This report provides a comprehensive analysis of the application of International Financial Reporting Standards (IFRS) in Vietnam. It begins by outlining the roadmap for IFRS implementation, as per Decision No. 345/QD-BTC, which includes a preparation phase and two application phases (voluntary and compelled). The report discusses the advantages and challenges of IFRS adoption, particularly for SMEs. It then contrasts the application of IAS 39 and IFRS 9, focusing on financial asset and liability classifications and measurements. Furthermore, the report analyzes SABECO's financial performance through various ratios, including liquidity, profitability, and turnover, comparing the years 2018 and 2019. The analysis highlights key financial indicators, such as debt-to-equity ratio, gross profit margin, and return on assets, offering insights into SABECO's financial health and performance drivers. The report concludes with an assessment of SABECO's financial position and provides recommendations based on the financial data.