The Research On Special Assessment Funds Accounting On Government Accounting

In governmental accounting, the decision-making about obtain and distribute financial resources, the manager's duty of devote and control financial resources all lie on the sociopolitical aims and limits, not on the profit ability. The restrict of law and supervise will make government realize those aims and limits. So governmental accounting and financial report will emphasize the manage duty about approvable financial resources. The biggest legal and supervisory aspect to fiscal influence is funds accounting.Special assessment funds must be set up in every government to fulfill governmental function and it is the one of the most important funds. It is signification to research special assessment funds. The most important is that the Chinese government is changing its functions, so governmental accounting must revolve . One of resolutions is the adoption of special assessment funds, but it must based on the situation of the Chinese government and foreign advanced experience.The paper is organized as follows:Part one is the introduction. First, defining governmental accounting, ascertaining these content and comparing the account mode of China and American. This part also defines special assessment funds, emphasizes the feasibility and necessary of setting up special assessment funds in the China and also introduce the flow of its financial resources. The signification of subjection, literature, innovation and lack of paper also all present in this part.Part two is the outline of special assessment funds, which addresses the academic support and discuses three main difference between special assessment funds and that of firms, which are the accounting objectives, the Separate-entity Assumption and Continuity Assumption. Part two also introduce the equation of accounting in governmental funds.Part three is accounting recognition, measurement and report of special assessment funds, which include standard and basement of recognition , attribution and composition of measurement, content of financial report. Part three also discusses the performance appraisal of special assessment funds.Part four is the imagine of using special assessment funds in the China. Rescuing-disaster funds is the example of the using governmental funds in china. Thispart first analyzes the questions and reasons of Rescuing-disaster financing, then advises using Rescuing-disaster funds in the China. Part five is the conclusion from six sides.