A Comparative Study Of Government Accounting System Between China And South Korea

Government accounting is not only an important part of the national accounting system,but also an important means of government financial management.With the improvement of the socialist market economy and the transformation of the government functions,the shortcomings of our government accounting system have gradually emerged,and our government accounting system is facing great challenges.At present,although the academic circles of our country have a lot of research results on the comparison of accounting systems among countries,there are few researches on the comparison of government accounting systems,especially on the comparison of government accounting systems between our neighboring country and South Korea.Many aspects of the current government accounting system in South Korea are based on the experience of European and American countries,such as the expansion of the scope of accounting,the introduction of accrual basis,and the need of accounting information users.At present,Korea has become one of the countries with relatively perfect government accounting system in the world.After a long history and the reference of international government accounting,Korean government accounting has a relatively perfect framework.From the perspective of international comparison,this paper compares the government accounting systems of South Korea and China,studies the common points and differences between the two countries,and draws lessons from the feasible elements of the government accounting system of South Korea,so as to put forward useful suggestions for improving the government accounting system of China.Firstly,this paper introduces the definition,objective,content and basic elements of government accounting,expounds related concepts,public accountability,principal-agent,signal transmission and other related theories;secondly,it combs the relevant literature of domestic and foreign scholars on Korean government accounting and Chinese government accounting;then it makes a comparative analysis of Chinese and Korean government accounting systems,from the development of two countries’government accounting This paper compares the process,accounting system,accounting objectives,accounting elements,accounting basis and accounting reports,analyzes and expounds the similarities and differences between the two countries’government accounting,points out that the government accounting standards and relevant laws and regulations in China are not standardized and lack of international coordination,the current accrual system is not mature enough and lack of perfect legal system,and accounting information The content of disclosure is not comprehensive,which can not objectively reflect the actual balance of finance;the awareness of internal control of the government is insufficient,and the lack of effective government supervision and other issues.The research results show that the countermeasures to improve the Chinese government accounting system are mainly divided into four aspects:improving the government accounting standards,strengthening international exchange and communication,strengthening the formulation quality of the government accounting standards,ensuring the scientificity and transparency of the formulation process,promoting the transformation of the accrual system,establishing a more perfect legal system,widely disclosing the government accounting information,and improving the government finance In order to improve the quality of government accounting information,we should improve the internal control of the government,improve the internal supervision mechanism,and give full play to the external supervision of the internal control of government accounting.