The Establish Of Government Financial Reporting System Under The Accrual Method

The last century eighty’s, the new public management movement started in westerncountries, the enterprise management concept was introduced to the public management ofthe government, The public clamor for the government implementing public accountabilityimprove further, including heighten the work efficiency greatly and reduces the costs,optimize the use of common resource, and evaluate the performance of governmentobjective. The outbreak of sovereign debt crisis recent years highlights the severity of thegovernment’s debt problems, the lack attention of debt of traditional budget accounting, notto mention the financial risk early-warning mechanisms. The practical needs of conductinga comprehensive accounting of government’s economic conditions and financial position,including their assets and liabilities. Many countries and regions reform on theirgovernment accounting, especially do some tries on the government financial reportrevolution which work well,As the socialist market economic system and public financialsystem of our country get improve gradually,The role of modern social government is toconvert gradually from the traditional administration into modem service,the establish ofefficient, transparent and honest government has become the consensus of the government.In recent years, central government took experiences of western countries as a reference,and promoted the official budgeting, centralized payment by the national treasury and thegovernment collective purchase actively. The effective reform was no longer matched withtraditional government accounting institution, lead to original budget accounting laggingindicators. The budget accounting institution run at present focus on the budget revenueand expenditure, not the true government financial reporting,not to say the financialtransparency. What we should do is speeding up the process of government accountingrevolution, setting up the government financial reporting institution in the view of reforminitiatives western countries took and their experience. Which not only meet the demand ofpublic, supervision departments and legislature to government financial information, butalso benefit the government to controlling its own situation and evaluating it.In the light of the background above, this article analyze the situation of our budgetaccounting, then propose idea of government accounting reform, based on China’s specificnational conditions and experience of western countries. To introduce the accrual method into the government accounting selectively, for calculation public resources whichgovernment entrusted comprehensive, establish a government accounting system parallelwith budget accounting now step by step, to strengthen the disclosure of information anddischarged from liability commissioned. At last, this article elaborate the governmentfinancial reporting under the accrual method from its object,calculation range, specificcontent and so on, make a try to establish a miniature of a system of the governmentfinancial report under the accrual method.