MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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No.: 199/2011/TT-BTC
Hanoi, December 30, 2011
 
CIRCULAR
GUIDING THE ORGANIZATION OF TRAINING AND GRANT OF CERTIFICATES OF TRAINING CHIEF ACCOUNTANTS
Pursuant to the Accounting Law No.03/2003/QH11 dated 17/6/2003;
Pursuant to the Decree No.128/2004/ND-CP dated 31/5/2004 of the Government on detailing and guiding the implementation of some Articles of the Accounting Law in State sector and Decree No.129/2004/ND-CP dated 31/5/2004 of the Government detailing and guiding the implementation of some Articles of the Accounting Law in business activities;
Pursuant to the Decree No.118/2008/ND-CP dated 27/11/2008 of the Government stipulating functions, duties, powers and organizational structure of the Finance Ministry;
The Ministry of Finance guides the training and grant of certificates of training chief accountants:
Article 1. Purpose, training requirements and grant of certificates of training chief accountants
1. To equip, update, and systematize the intensive, base knowledge on management, economy, finance, accounting and auditing for the objects of the chief accountant training to improve management capacity of economy, finance and accounting organization, the accounting apparatus organization and direct the accounting work in the units.
2. To standardize the professional skill, financial profession, accounting, auditing and level to organize accounting work, accounting apparatus for team of chief accountants in the national economy.
Article 2. Standards for attendants of the training courses of Chief Accountants
1. The Vietnamese who attend the training course of chief accountant must have the following standards:
a / A professional ethics, honesty, integrity, a sense of law observance;
b / A professional qualification on finance, accounting and auditing from secondary level upwards and actual working time on finance, accounting and auditing as follows:
- At least 2 years or more from the date indicated on the diploma of University in finance, accounting and auditing;
- At least 3 years or more from the date indicated on the diploma of vocational school, college specialized in finance, accounting and auditing;
c / An Application for study, which has been confirmed the real-time of working in finance, accounting, auditing by the agencies they are working together with a certified copy of diploma of university specialized in finance, accounting and auditing.
2. The Foreigners who have expertise certificates in accounting and accounting practicing certificates, certificates of auditors or diploma of university of the foreign institutions (conceded by Vietnam Ministry of Finance) are attended the courses of training chief accountants organized by the units that are eligible for the implementation of training courses of chief accountants for foreigners.
Article 3. Forms to organize the training course of the chief accountant
The organization of training courses of chief accountant can be organized in concentration for one consecutive term or for many terms in a course but the maximum real time of a training course does not exceed 6 months and must ensure enough time, enough program content in accordance with provisions of this Circular.
A class of training course of chief accountant shall not exceed 100 learners.
Article 4. Conditions for organizing the training courses of chief accountant
1. The retraining, training facilities (Academies, Universities, and Colleges, training School) are organized the training course of chief accountant if it satisfies the following conditions:
a / Having the function of training, retraining profession of accounting and auditing;
b / Having at least 50% of permanent lecturers (Among total lecturers teach the topics according to each course) with degree from level of university or higher, and at least 5 years of teaching experience in the field of economy - finance - accounting - auditing;
c / Having qualified facilities such as classrooms, desks, tables, boards, teaching aids, ... to implement the training course of Chief Accountant.
2. The Association of auditing - accounting profession is combined with the qualified training, retraining facilities defined in clause 1 of this Article to organize the training courses of chief accountant.
3. The qualified training, retraining facilities as defined in clause 1 of this Article wishing for organizing the training courses of chief accountant for foreigners must be considered, approved in writing by the Finance Ministry.
Article 5. Rights and responsibilities of retraining, training facilities in the organization of the training courses of Chief Accountant
1. The retraining, training facilities that arequalified to organize chief accountant training courses may:
a / Actively implement the works related to the organization of training courses of chief accountant in accordance with their conditions.
b / Collect school fees of learners participating in training course by the rate in accordance with the provisions of the State on education fees. The collection, management, and use of revenue from tuition fees must comply with the provisions of current law.
c / Grant training certificates of Chief Accountant as prescribed in Article 9 of this Circular.
2. The retraining, training facilities that arequalified to organize chief accountant training courses are responsible for:
a / Ensuring the student enrollment in accordance with standards as prescribed in Article 2 of this Circular.
b / Observing the regulations on the forms and procedures of opening the training courses of Chief Accountant as prescribed in Article 3 and Article 6 of this Circular.
c / Organizing and strictly managing the training courses of Chief Accountant to guarantee the right and full implementation of the contents, programs, and study time as prescribed in Article 10 of this Circular.
d / Strictly abiding by regulations on the examination, evaluation and classification of results and grant of certificates as prescribed in Article 7, Article 8, Article 9 of this Circular.
đ / Being subject to inspection and supervision by the Ministry of Finance in the implementation of the provisions of Article 12 of this Circular.
e / Strictly observing the reporting regime as prescribed in this Circular.
f / Taking responsibility for the correctness and legality of the training certificates of Chief Accountant issued by their units.
Article 6. Procedures for organizing training courses of Chief Accountant
1. Before the retraining, training facilities open the training course of the Chief Accountant (Each course), they must send to the Ministry of Finance a set of dossier, including the following documents:
a / A decision to open training course of chief accountant of the head of the training and retraining facility;
b / A List of course participants (Appendix No.01);
c / A List of lecturers (Appendix No.02);
d / A List of management board of the training course;
đ / The contents, programs and schedule of the training course.
2. The documents in the set of dossier prescribed in Clause 1 of this Article and other related documents such as teaching contracts; working schedule and vouchers of payments for teaching lecturers; naming table of each student attending classes with signature of teachers; The certified copies of qualifications of learners; Application for study to be certified by the work unit; The student's tests must be archived at the units to organize the course for at least 5 years from the end of the course.
The decisions on accreditation of results meeting the training course of chief accountant and the List of learners meeting the course requirements (Appendix 03) must be kept in the course organizing units for at least 10 years from the end of the course.
Article 7. Examination and assessments of learning outcomes
1. The assessment of learning outcomes is conducted as follows:
End of each part of the study program, it is required to organize the examination to end credits in a minimum time of 180 minutes.
2. The examination of ending credits is done in the form of writing. Examination scores for the end of credits are scored 10 grades. The test of less than 5 points is not satisfactory.
3. Only learners who secured minimum 80% of class hours required for each credit are attended that credit’s examination. Only learners who reach from 5 points or more for each test of both credits can meet the course requirements.
4. End of training course of chief accountant, unit organizing the course based on the average point results of two tests of ending credit (first test) to evaluate following four categories:
- Good: The average point of two tests of ending credit reached 8 points or more (of which has no point less than 7);
- Pretty good: The average point of two tests of ending credit reached 7 points or more (of which has no point less than 6);
- Medium: The average point of two tests of ending credit reached 5 points or more (of which has no point less than 5);
- Unsatisfactory type: One of two tests of ending credits is less than 5 points.
Learners have the right to attend the reexamination of either test of ending credit which is not satisfactory, but only take the reexamination once. The organization of the reexamination for learners who do not meet the requirements is made at the end of the course.
Article 8. Certificates of training Chief Accountant
1. Embryos of “Certificates of training Chief Accountant"(Appendix No.04) and Code of unit training and retraining Chief Accountant are issued and managed in unification in the whole country by the Ministry of Finance.
2. The facilities training and retraining Chief Accountant courses are responsible for monitoring and managing certificate’s embryos to be issued (number received, number used, number broken and unused) and every 6 month (1/1 and 1/7 every year) send a report to the Ministry of Finance for used as a basis for a general nationwide synthesis.
Article 9. Grant of "certificates of training chief accountant"
1. Learners who have the test results reaching medium or higher (learners meeting the requirements) shall be issued “certificates of training chief accountant” by head of the facility training and retraining making decision to organize the course.
2. End of each training course of chief accountant, the unit organizing the training course of Chief Accountant sends "The decision to recognize the satisfactory results of the course" attached to "List of qualified learners of the course" ( Appendix No.03) to the Ministry of Finance, for consideration, approval and issuance of embryos of “Certificates of training Chief Accountant. The head of training and retraining facility (or deputy head authorized by the head) has the right to sign and issue certificates of training Chief Accountant.
3. Certificates of training Chief Accountant must be stamped joint pages and images of learners by the facility training and retraining where organizes the course of training chief accountant.
4. Certificate of training Chief Accountant is valid within 5 years from the date of issuance to appoint chief accountant of the first time as prescribed in Clause 2 of Article 53 of the Accounting Law. Exceeding the period of 5 years, if learners have requirements for re-grant of certificates they shall relearn the training course of chief accountant.
5. Those who have certificates of training chief accountant are qualified and were appointed as Chief Accountants for one time, such certificates of training chief accountant are still valid for the appointment of chief accountant of the second time onwards, unless the minimum period between the two times of chief accountant appointment is more than 5 years.
6. When the certificates were lost, misplaced, learners contact with the retraining, training facilities (where issued certificates) for conducting procedures of re-grant.
Article 10. Contents and programs of training chief accountants
1. The contents, programs, and minimum duration of one training course of chief accountants for the state agencies, public services providing units and organizations using state budget funds and the public services providing units and organizations not using state budget funds, including units of revenues and expenditures of budget and armed forces units (collectively called as the state accounting units), as follows:
Duration of the entire course: 4 weeks (including examination duration)
(4 weeks x 6 days x 8 hours = 192 hours. An hour is counted as 50 minutes for study and 10 minutes for tea break).
I - GENERAL KNOWLEDGE:

 

+ Special subject 1:
Economic laws applicable to the units under the State accounting field:
16 hours
+ Special subject 2:
Organization of estimates management, allocation and settlement of revenues and expenditures of state budget (state budget), units using state budget funds and the units not using state budget funds:
16 hours
+ Special subject 3:
Opening and management of accounts, control of state budget expenditures through the State Treasury:
08 hours
+ Special subject 4:
Finance of the units using state budget funds and the units not using state budget funds:
20 hours
+ Review and examination of Part I:
08 hours
 
Total Part I:
68 hours
+ Special subject 5:
Accounting law on accounting and the accounting work organization, roles and duties of the Chief Accountant:
24 hours
+ Special subject 6:
State Budget Accounting and professional operations of Treasury:
16 hours
+ Special subject 7:
Accounting for units using state budget funds and the units not using state budget funds:
24 hours
+ Special subject 8:
Financial statements and settlement reports of the units with revenue and expenditure of budget, administrative units:
24 hours
+ Special subject 9:
Financial statement analysis of with the units of revenue and expenditure of budget, units using state budget funds and the units not using state budget funds:
16 hours
+ Special subject 10:
Audit of financial statements, settlement reports of the units with revenue and expenditure of budget, administrative units:
12 hours
+ Review and examination of Part II:
08 hours
 
Total Part II:
124 hours
 
Total:
192 hours
2. The contents, programs, and minimum duration of one training course of chief accountants for the enterprises of all economic sectors, including cooperatives (collectively called as enterprise accounting), as follows:
Duration of the entire course: 6 weeks (including examination duration)
(6 weeks x 6 days x 8 hours = 288 hours. An hour is counted as 50 for study and 10 minutes for tea break).

 

+ Special subject 1:
Laws relating to the enterprises:
24 hours
+ Special subject 2:
Management of enterprise finance:
20 hours
+ Special subject 3:
The tax law:
24 hours
+ Special subject 4:
Evaluation of investment projects:
12 hours
+ Special subject 5:
Relations of credit, payment and guarantees between enterprises and banks and financial institutions:
16 hours
+ Review and examination of Part I:
08 hours
 
Total Part I:
104 hours
II - PROFESSIONAL KNOWLEDGE:

 

+ Special subject 6:
Accounting law:
16 hours
+ Special subject 7:
Organization of accounting work and the role and duties of chief accountants of enterprises:
16 hours
+ Special subject 8:
Accounting of enterprise finance (including specific accounting):
40 hours
+ Special subject 9:
Organization of corporate management accounting:
36 hours
+ Special subject 10:
Financial statements and financial analysis of enterprises:
40 hours
+ Special subject 11:
Auditing and auditing corporate financial statements
28 hours
+ Review and examination of Part II:
08 hours
 
Total Part II:
184 hours
 
Total:
288 hours
3. The training, retraining facilities organize the course can adjust the content, program of each course to suit the student object but must ensure the basic content and duration of the course as prescribed.
Article 11. Training curriculum of chief accountant
1. Ministry of Finance presides over organizing compilation of training curriculum of chief accountant for uniform use throughout the country.
2. Training curriculum of chief accountant must conform to the content, program of training chief accountant provided for in Article 10 of this Circular. Lecturers must update policies, the new regime, and the actual situation to the time to organize the course to teach learners.
Article 12. Inspection and supervision of the organization of training chief accountant
1. Ministry of Finance shall perform the inspection and supervision directly or indirectly (through a report or mass media) the organization of training and grant of certificates of chief accountant of the retraining, training facilities.
2. Contents of inspection and supervision include the entire contents of the provisions of Article 2 to Article 11 of this Circular.
Article 13. Handling of administrative violations in the organization of training courses of chief accountant and the grant of certificates of training chief accountant
1. The retraining, training facilities must comply with the provisions of this Circular in the organization of training courses of chief accountant and grant of certificates of chief accountant for learners who meet the requirements. If committing act of violation, depending on levels of severity, they will be sanctioned for administrative violations, not be recognized certificates issued to learners or shall be suspended the right to organize the training courses of chief accountant.
2. The competence, procedures of sanctioning and acts, the levels of sanction are conducted under the provisions of Decree No.39/2011/ND-CP dated 26/05/2011 and Decree No.185/2004/ND-CP dated 04/11/2004 of the Government on handling of administrative violations in the field of accounting and Circular No.169/2011/TT-BTC dated 24/11/2011 guiding the implementation of some Articles of Decree No.39/2011/ND-CP dated 26/05/2011 and Decree No.185/2004/ND-CP dated 04/11/2004.
Article 14. Organization of implementation
1. This Circular takes effect as from April 01, 2012 and replaces Decision No.98/2007/QD-BTC dated 03/12/2007 of the Minister of Finance promulgating "Regulations on the training and grant of chief accountant certificates".
2. The concerned organizations and individuals shall implement this Circular./.

 

 
 
FOR MINISTER
DEPUTY MINISTER


Tran Xuan Ha