AMnote has launched a new feature that automatically converts financial statements from Vietnamese Accounting Standards (VAS) to Korean GAAP (K-GAAP).

Many companies in Vietnam have Korean headquarter or investors. These companies often need to prepare reports under both VAS and K-GAAP. Manual conversion takes time and may cause errors.

The new AMnote feature helps companies convert reports quickly and accurately.

1.Key Features

• Automatic conversion from VAS to K-GAAP
• Easy comparison between the two standards
• Data ready for audit and group reporting
• No additional cost for existing AMnote users

2.Benefits

This feature is useful for:

• Korean FDI companies in Vietnam
• Subsidiaries reporting to Korean parent companies
• Companies preparing for audit or investment

By using this feature, companies can:

• Save reporting time
• Reduce manual errors
• Improve data accuracy

3. Regulatory Environment and Market Trend

Financial data transparency and standardized accounting practices are becoming more important for companies with foreign ownership.

Many foreign-invested companies are required to prepare reports under different accounting standards. Because of this, having an accounting system that can generate reports under multiple standards is no longer optional. It is becoming a normal business requirement.

Companies that prepare early will be better ready for audits, group reporting, and investor requests.

4. Recommendation

Companies with Korean investors or headquarters should check if their accounting system can support multi-standard reporting. Early preparation helps avoid problems during audit or reporting periods.