The Study Of Government Contingent Liability Accounting

As an important hidden financial risk,contingent liability is an unpredictable potential threat to the national finance.This article focuses on the contingent liabilities accounting issues of our government,taking the actual situation of our government into account,based on the international public sector contingent liability accounting standards,with referring to the relevant accounting experience of New Zealand and the United States.This article is helpful to strengthen the government's ability of financial risk management and to provide accurate accounting information for the government to make fiscal policy,and thus prevent the government's financial risk more effectively.This article adopts many methods such as normative analysis,empirical analysis,practice analysis and literature research,to study the government contingent liability management and accounting issues,including the present situation reality,revealing the closely relationship between the government contingent liability management and accounting.In addition,this article also adopts the method of comparative study,by comparing the relevant accounting standards of international public sector,the United States and New Zealand,considering the China's actual conditions,to put forward some management advice on Chinese government contingent liability accounting.The writing idea of this article is to take the government contingent liabilities management and accounting theory as the starting point,to take our country's accounting management actual conditions as the breakthrough point,to take foreign government relevant accounting management experience as the concerns,to take the contingent liability's recognition,classification,measurement and presentation as the keystone,studying accounting issues of Chinese government contingent liability from many angles,putting forward the relevant suggestions to our government and looking into the future of our country's government contingent liability's accounting management.There are four aspects of research in this article:First,this article analyses the government contingent liability management and relevant accounting theory,including the contingent liability concept,classification,formation,development and management theory,and the basic theory of government accrual accounting,pointing out the close relationship between government contingent liability management and relevant accounting.Second,this article analyses the current situation of our government contingent liability,introducing the liability development process and management status,including its classification,content and existing problems,pointing out that there is a lack of contingent liability rule under the accrual basis accounting system.Third,this article analyses the experience of foreign government accrual accounting and liability accounting management,introducing the international public sector as well as the United States and New Zealand contingent liability accounting experience,provide a reference for our government contingent liability accounting standards.Fourth,this article puts forwards some suggestions for our government accrual basis accounting and contingent liability accounting management,and focuses on the detailed design idea of contingent liability accounting standards.The innovation of this article is mainly reflected in the following two aspects:(1)This article focuses on the contingent liability accounting issues of the government.From the perspective of government contingent liability management,we discuss the problem of government contingent liability accounting reform,and discuss the inherent relationship between contingent liability management and contingent liability accounting theoretically.(2)This article studies the international public sector as well as the United States and New Zealand contingent liability accounting standards deeply,putting forwards some suggestions,including the detailed design idea of contingent liability accounting standards.