Research On Compilation Of Governmental Financial Report

In the 1980 s,Western countries were affected by the new public management movement and conducted management reforms in the public sector.This reform is based on the introduction of accrual basis accounting and the establishment of a government comprehensive financial report as a goal and is intended to relieve the government of its fiduciary responsibility.At the same time,the Asian economic crisis at the end of the last century and the European debt crisis since 2010 have exposed the problems that most countries in the world are unable to provide high-quality government financial information,have low fiscal transparency,and cannot meet the needs of anti-risk.In the face of the debt crisis,the International Federation of Accountants(IFAC)advocated the establishment of a government financial reporting system based on the accrual accounting system.So far,more than half of the OECD member countries have implemented the accrual-accounting government comprehensive financial reporting system to varying degrees,which has played an important role in the national government's financial accounting,improving the level of financial management,and promoting sustainable financial development.China's government departments have always implemented a budgetary accounting system based on the realization of collection and payment.With the establishment of economic systems and changes in the functions of government departments,the drawbacks of the pre-financial report have become increasingly apparent.The government financial report based on the accrual accounting system can comprehensively reflect the government's comprehensive financial status,financial operating results,and performance of entrusted responsibilities.Therefore,the preparation of the accrual accounting government financial report has very important practical significance for China's economic and social sustainable development and improvement of the public financial system.This article under the background of the trial reform of China's government financial report,carries out practical research on A county government,in order to provide reference material forthe reform and development of China's government financial report.This article is mainly composed of six parts: The first part introduces the research background and significance,status at home and abroad,content and methods.The second part gives a brief introduction to the basic theory of government financial reporting and related concepts,and explains the theoretical advantages of accrual accounting.The third part summarizes the reform process and characteristics of the financial reports of the United States,France and the United Kingdom,and summarizes the reference and inspiration for China's reform.The fourth part introduces the drawbacks of China's pre-arrangement report and the necessity of compiling the government's comprehensive financial report.The fifth part is the case analysis of the government's comprehensive financial report compiled by county A,analyzing the difficulties and problems encountered in the trial compilation process,and making specific recommendations for improving the government's financial reporting work in county A.The sixth part put forward its own suggestions and prospects for the construction of China's government financial reporting system.