Government Comprehensive Financial Report Preparation Under Accrual Basis

With the rising of new public management movement,developed countries in international community conducted the result-oriented reform with focus on the performance in department of public management,aiming to improve government's governance performance,during which choice of the accrual basis government accounting will be the logical for government to conduct accounting reform.Aiming as comprehensively reflecting the situation of overall financial operation and the duty to be commissioned,accrual basis governments comprehensive financial report system to achieve our government's transformation in function,regarding current situation of our country.preparing of government comprehensive financial report under accrual basis was launched formally in 2010,during which,in terms of the overall preparing procedure and the result,the lack of exact instructions lead to low preparing and data quality as well as disadvantage of balanced sheet prepared by the inside of administrative system in accuracy and reliability.Meanwhile,the tentative result of comprehensive government financial report system will only be provided to the internals of fiscal system,and won't be disclosed as the auditing basis,because the government is obliged to do this.No one has information related to the financial condition of the government,except the internals of fiscal system,for which it becomes quite hard to learn and find any problems from other departments' preparing experiences.Starting from the background and procedure of comprehensive government financial report preparation,the paper focuses on explaining the major content of comprehensive government financial report,discusses the difficulties and problems encountered during preparing accrual basis comprehensive financial report by the Cixi local government based on the theory,actively learn from successful cases of accounting reform conducted by the enterprises as well as reform of accounting standard in international public department and government financial report system,on the basis of full consideration on the features of our country's financial,to propose specific development strategy for the Cixi local government to prepare government financial report,hoping to make contribution for the full implementation of the accrual basis government financial report system in Cixi City.Besides,the paper studied and explored our country's comprehensive government financial report system,to put forward some thoughts regarding the development of reform of accrual basis comprehensive government financial report.