As can be seen, 5 factors with the gross variance extracted equal to 61,28%, which means these 5 factors can explain for 61% of the application of accounting legislation in Vietnamese SMEs, the remaining 39% depends on
other factors that are oversaw in this study.
The calibrated model comprises of 5 factors that have impact on the utilization of accounting legislation in
Vietnamese SMEs, namely: factor no.1, which is referred to in our study as “Accounting infrastructure”, with its
rating scale relating to accounting infrastructure and experience of accountants; factor no. 2 called “The legal
framework itself”; factor no.3 called “Accountants”; factor no.4 called “mandatory compliance”; and the final
factor called “Cost – benefit relationship”.