On The Improvement Of China's Government Financial Reporting In The New Public Management Philosophy

With government reform movement of the United Kingdom and the other OECD countries in the mid-1970 of 20th century, public administration came into being, which emphasizes applying business management theory, methods, technology and mode into public management. At present, the new public management campaign has been sweeping across the world. As the gradual improvement of China's market economic system and the impact of WTO accession, the new public management in China has experienced from theory to practice. China's new public management focuses on building a highly efficient government, a democratic and open government, the practice characteristics of the Chinese government has brought new challenge to disclose financial information.Government financial report is government's "product", which helps the public with analysis and evaluation of the performance of the government entrusted with the responsibility for implementation and financial information, and is ties between the government and society. Financial reporting with truth, completion, reliability and capability of meeting the different needs of different levels is the key point that the government lifts its fiduciary responsibility to the public, wins public trust, and improves communication between the government and the people. However, our current government financial report can not meet these needs very well. As to building of the government financial report, we are still experiencing a beginning stage, and there are still many to be the perfect place. In contrast, the research on government accounting and financial report abroad started early, and the results of its research also have been applied in practice and to be successful, among which there are a lot of places worthy of our emulation. Based on the above understanding, I have tried to study on the basis of the information currently available not only at home but also abroad. Firstly, Analyze new public management theory, raise enlightenment of new public management to government financial report, then do in-depth research and analysis on our government financial report, with a expectation that I can make suggestion on accounting reform of Chinese government in order to speed up the pace of reform of China's government accounting.This paper is based on standardized research. On the basis of elaborating the new theory and practice of public management, raise the challenge about a new public management to government financial reporting information disclosure, analyze the status quo of our government financial report, and improve the theoretical basis for China's financial reporting, including the government financial reporting objectives, entity, basic accounting and information quality. Finally, this paper presents the basic ideas and specific supporting measures of our government financial reporting reform. This paper is divided into four parts in-depth study.The first part is about the basic theory of new public management and challenges to government financial reporting. Firstly, the new public management theories background and content were introduced, and then practice and its results of the new public management theories in China and Europe and the United States are discussed. Finally, present challenges about new public management to government financial reporting.The second part is China's existing government financial reports with the basic shortcomings of the status quo.The third part is about improvement of basis theory of the Chinese government financial reporting. Separately discuss our government financial reporting objectives, equity, accounting basic and reporting information quality characteristics on basis of new public management. The fourth part is some specific policy recommendations of improving financial reporting, and improving the quality of government accounting information.