Research On Governmental Assets Measurement

There are several reforms of budgetary accounting in China since 1997. The basic starting point of these reforms is to reconstruct budgetary accounting system other than establishing governmental accounting system. Recently, with the development of new public administration, governmental accounting system construction oriented by achievement and effect is becoming a tendency of budgetary accounting reform. It aims to remove public fiduciary duty of the government.Nowadays, the research items of governmental accounting mainly focus on accounting objective, accounting basis, financial statements and the relationship between governmental accounting and budgetary accounting. But we seldom study on difficult points of governmental accounting reform. Regarded as a difficult problem of governmental accounting reform, assets measurement still restricts governmental accounting development not only in China but also in foreign countries that are leading the way in governmental accounting reform. China continuously attaches importance to material object management of state assets instead of its value management. With the reinforcement of state assets management especially in administrative institutions, it is of great theory and practical significance to research governmental assets measurement.This paper intends to study the problem of governmental assets measurement based on governmental accounting of accrual basis, defines the scope of governmental assets according to the contents of state assets, and then explores measurement issues of various governmental assets based on governmental assets classification.There are five chapters in this paper. Chapter 1 introduces title-selection background, research significance, and current research situation. Chapter 2 illustrates that governmental accounting is an inevitable tendency of budgetary accounting reform in China, then defines accounting basis of assets measurement study, and finally it shows the necessity of governmental assets measurement research. Chapter 3 discusses governmental assets definition, feature, scope and classification. Chapter 4 points out that co-existence of historical cost and fair value is an inevitable selection of governmental assets measurement basis based on the theory of assets measurement. Chapter 5 discusses various governmental assets measurement and depreciation and impairment of governmental assets as well.The paper's innovations includes: (1) the paper clearly defines governmental assets; (2) the paper shows the scope of governmental assets and its classification; (3) the paper advocates that governmental assets should be measured according to its classification...