Common types of financial reports

According to regulations, a standard financial report consists of four main types:

• Balance sheet: Provides an overview of the company’s total assets and their sources at a specific point in time.

• Income statement: Presents revenue, expenses, and profit or loss during the accounting period.

• Cash flow statement: Reflects the inflow and outflow of cash within the company during the period.

• Notes to financial statements: Offers detailed explanations and additional information regarding figures in the above reports.

Components of a complete financial report

A full set of financial reports typically includes:

• Tax finalization declaration: Applies to businesses and individuals, reflecting tax obligations during the period.

• Balance sheet: As mentioned, it presents the company’s financial position.

• Income statement: Summarizes business performance within the accounting period.

• Cash flow statement: Highlights cash movements in and out of the company.

• Notes to financial statements: Provides further details and clarifications of the reported figures.

Submission deadlines for the 2025 financial report

Compliance with financial report submission deadlines is mandatory to avoid penalties and ensure financial transparency. The submission deadlines for the 2025 financial report are as follows:

For state-owned enterprises (SOEs):

• Quarterly financial reports: Must be submitted within 20 days after the end of the quarter. For parent companies and state-owned corporations, the deadline is 45 days.

• Annual financial reports: Must be submitted within 30 days after the end of the fiscal year. For parent companies and state-owned corporations, the deadline is 90 days.

For other business entities:

• Private enterprises and partnerships: Must submit annual financial reports no later than 30 days after the fiscal year ends.

• Other accounting entities: Must submit annual financial reports no later than 90 days after the fiscal year ends.

The importance of updating financial reports

Timely and accurate financial reporting provides multiple benefits for businesses:

• Evaluating business performance: Helps companies assess their financial health and make strategic decisions.

• Financial transparency: Builds trust with investors, partners, and regulatory authorities.

• Legal compliance: Prevents penalties due to violations of accounting and tax regulations.

• Financial forecasting and planning: Serves as a foundation for financial projections and strategic planning, preparing businesses for potential future challenges.

In summary, keeping financial reports up to date not only helps businesses maintain financial control but also ensures long-term stability and sustainable growth.

Business valuation in financial reporting

Valuing a business when preparing the 2025 financial report is a crucial process that determines a companys actual worth based on financial, operational, and market factors. This step is essential for investors, shareholders, and stakeholders to assess business efficiency and profitability potential.

Business valuation is not a one-time process it requires regular updates, especially when there are significant changes in financial conditions, market trends, or corporate strategy.

SunValue – Leading business appraisal experts with over 23 years of experience in the valuation industry in Vietnam, Indochina International Appraisal and Investment JSC (SunValue) offers expert-led business valuation services. Our valuation process is conducted by experienced professionals, leveraging advanced technology and internationally standardized management systems.

As a licensed firm accredited by the Ministry of finance, SunValue is recognized as a top-tier valuation service provider, offering diverse appraisal services ranging from real estate and business valuation to asset valuation, ensuring compliance with international quality standards.

⋙ For accurate and objective financial reporting, contact SunValue today for fast and efficient business valuation services.

Indochina International Appraisal and Investment JSC (SunValue)

• Address: Indochina International Appraisal System

• Hotline/Zalo: 081 519 8877

• Website: inavn.vn

• Email: contact@sunvalue.vn

• Facebook: Indochina International Appraisal and Investment

Conclusion

Preparing the 2025 financial report is essential for providing transparent and accurate insights into a companys financial position and growth potential. With the support of trusted valuation services like SunValue, businesses can determine their actual value, maintain financial stability, ensure transparency, and foster sustainable long-term development.