| As Chinese economic system reform goes further and positive fiscal policy is continued to be implemented, the amount of government debts becomes more and more. The fiscal risk brought about by this situation can not be underestimated. Whether government accounting can provide real and complete information of government debt is not only related to how to value the government debt risk correctly by decision maker, but also related to making policies to prevent fiscal risk. However, Fiscal General Budget Accounting System that is implemented in our country at present has many disadvantages, so that it can not meet the needs of government debt information. So it is necessary to reform the government debt accounting system. At present, the researches on this field are not further enough, so the author tries to establish a government debt accounting system to satisfy the needs in China.The author uses the normative research to explore this issue. Firstly, the author analyses the necessity of government accounting reform from the angle of government function transformation. Secondly, the author discusses several theoretical issues of government financial statement system which are the basis of reform practice. At last, in chapter three and four, the author analyses the problems in the confirmation, measurement and disclosure of government debt, and then gives some reform suggestions by drawing lessons from international experience. These suggestions included three aspects which are accounting basis, accounting treatment and disclosure system. At last, in chapter three and four, the author analyses the problems in the confirmation, measurement and disclosure of government debt, and then gives some reform suggestions. These suggestions include three aspects which are accounting basis, accounting treatment and disclosure system.This paper makes some dedication on theory and practice. In the theoretical part, the paper suggests that government financial statements entity and accounting basis should be the base of the disclosure model and determine the reform scheme of the disclosure model. In the practice part, this paper indicates which accounting basis is appropriate to government accounting reform according to the present situation in our country and how to do accounting treatment according to this basis. At last, this paper discusses government debt information disclosure issue deeply to establish a clear and comprehensive government debt financial statement system for the needs of statement users. |
