DOI:

Abstract

In order for small and medium-sized enterprises (SMEs) to develop sustainably in a harsh competitive business climate and closer economic integration, it is important to improve the quality and effectiveness of accounting practice in SMEs. The quality of accounting practice, to a certain extent, directly and sharply affects the effective governance of enterprises in general and SMEs in particular. Thus, the crucial point is how to develop an accounting model that is suitable to the governance capacity and various sizes of SMEs and can produce transparent and adequate accounting information for users on the ground of harmonizing benefits and costs. The paper looks into accounting models corresponding to the size of Vietnam's SMEs and accordingly facilitates their accounting practice in the context of incessant fluctuations in size.

Keywords

Accounting Model, SMES, Financial Accounting, Managerial Accounting.