Research On Problems Of China Government Debt Accounting And Information Disclosure

Financial risk is a risk that each government must face.Government debt, especially thegovernment contingent liabilities and recessive debt is the main fuse of financial risk.Themost important of effectively government debt risk control is that government managers anddecision makers can timely grasp reliable government debt. Government accountinginformation provided to meet the government debt risk control requirements. China’s currenttotal fiscal budget accounting system still to cash basis accounting basis, the contingentgovernment liabilities and recessive debt accounting is not comprehensive, reflect the debtinformation cannot satisfy the information needs of users. In this paper, based on thegovernment debt risk control and prevention perspective, from an accounting point of view,discusses how to scientifically affirm, measure and report the government contingentliabilities and recessive debt. Through drawing lessons from the related measurementtechnology, establish the model calculates the government debt scale, so as to confirm andreport of government debt and provide the basis.This thesis divid into seven parts.At first, it introduces the government debt researchbackground, research meaning, the domestic research， the foreign research，the researchframework and several main innovations of this thesis; and the second part mainly analysiscurrent our country government debt characteristic, classification and government debtaccounting and disclosure of problems and the reasons for analysis; the third part comparedforeign government debt accounting reform success stories, find out our governmentaccounting reform; the fourth and fifth part is the main body of the article, analyzedcontingent liabilities and implicit liabilities meaning, content and mechanism of formation,demonstrated the use of debt accrual necessity, use VaR model and actuarial modelrespectively measure government guarantee contingent and implicit pension debt, and acorresponding increase in accounting subject to confirm the calculation; the sixth part putsforward the suggestions for the reform of government debt information disclosure, in thebalance sheet of the new or debt and recessive debt list, another compilation of debt list, someperfect statements as to provide more detailed information to meet the demand of debt,reporting requirements; the last part of this thesis is a conclusion of my thesis, and at last italso have pointed out the research inadequate and prospect of the future.