Accounting System Development And Analysis In Cambodia

Based on the socio-economic and political conditions of the past decades,the Cambodian accounting system faces a series of educational,technical and operational problems.Due to the lack of financial assistance and support from the Government,accounting development and research in Cambodia is limited.By combing the development process of accounting system in Cambodia in the past 50 years,this paper expounds the origin and development of accounting system in Cambodia,and focuses on the factors that affect the development of accounting system and the differentiation with other national accounting systems.In this paper,the problems in the development of Cambodia’s accounting system are analyzed comprehensively by using questionnaire and comparative analysis,regression model and SWOT model,and some suggestions for improvement are put forward.First,Cambodia is a constitutional monarchy.Social and political changes and economic development are the main factors that affect the perfection of Cambodia’s accounting system,and non-profit organizations and other institutional factors will also affect the development of accounting system.Secondly,the findings show that the development of the accounting system in Cambodia is limited by the factors mentioned above,and that the scope and frequency of preparation of the financial statements have a positive impact on the improvement of the accounting system in Cambodia,The current functions and number of accounting staff have a significant negative impact on the improvement of the accounting system in Cambodia.Third,the comparative analysis shows that while the country system is similar,the accounting systems of Cambodia and Viet Nam are quite different.Through the SWOT analysis of the Cambodian accounting system,we can find out the precise internal and external factors that affect the quality of the accounting system in Cambodia.Finally,based on the results of the analysis,suggestions for improving the development of the accounting system in Cambodia are put forward.