Study On Problems In Governance Of The 'Assets Governed By Government' And Its Countermeasures

The institutional root of the loss of state-owned assets lies in the misalignment of the measurement system.On the one hand,the concept and method of measurement are unreasonable,which excessively replies on the historical value of transactions and neglects the space-time flow of assets and publicness,leading to the insularity of accounting standards and chaos of statistical caliber.On the other hand,the existing budget accounting system rule out assets governed by government such as natural resources,reserves,etc.The 'key financial information',such as the change of value,management,service condition,etc.of the bulk of assets governed by government cannot be obtained by the government assets management information system,which can easily cause management omissions and increase the risk of loss of state-owned assets.For the purpose of solving the problems mentioned above,the State Council and the Ministry of Finance began to pilot government assets reporting throughout the country since 2015,wherein the systematization,specialization,standardized management and measurement of 'assets governed by government' top the priority.Taking the management practice of the assets governed by Liaoning Provincial Government as research object,the study aims to find out the bottleneck of the operation of its management system,analyze the causes of these difficulties and put forward targeted and operable optimization strategies and measures to ensure implementation by assimilating the advanced experiences of other provinces via multiple methods including literature analysis,comparative analysis and empirical analysis.All the work ought to be based on a complete conceptual analysis of 'assets governed by government':the incompatibility of budget accounting system with 'assets governed' roots in the parochialism of the traditional concept of assets.This study will specify that 'assets governed' is a vital part of 'government assets',a critical dimension of asset reporting,and one of the indispensable caliber of government accounting.Specifically,through the study,we know that Liaoning provincial government has some problems in management of asset management,such as management 'fragmentation',imperfection of cooperation performance beteewn the accounting system and management demands,limited approaches on assets measurement and 'fragmentation' and 'staticization'of balance sheet.These problems can be mainly attributed to the absence or weakness of a sound regulatory framework and unified management organization and appropriate government accounting system.In order to explore the solution to the above problems,this study proposed the following suggestions on the basis of comprehensively drawing on the advanced experience of managed asset management in Guangxi Zhuang Autonomous Region,Yunnan Province and Hunan Province.First,conduct managed asset management under the guidance of proper concepts and principles,which include the principle of the combination of decentralization and decentralization,the principle of unity between normativity and flexibility and the principle of relative rights and obligations;Second,set up a special government-governed asset management agency to set up a scientific and rational management system for government-governed assets.Third,improve the management technical details of the accounting and report management technical details,such as uniformly reporting the caliber,implementing card registration and dynamic management,and setting up an online platform for managing asset reports.