Research On The Issue Of Hunan Provincial Government Financial Report

With the establishment of the government as a relatively independent status of the basic economic entities, the financial information gradually receives extensive concern and attention from various aspect of the society. Therefore, we have a higher requirement on the depth and breadth of the government financial information disclosure. The government financial report is the government's main carrier for financial information, but also act as the powerful basis for the government to reflect the fulfillment of its fiduciary duties and to extricate the situation of its fiduciary duties. In the world, the majority developed countries already have a more complete perspective of government financial report concept and system. However, our theorists have a late research on the issue of government financial report. China is still execute at all levels of government budget accounting system, its content and system can not be fully and completely reflect the government's entrusted performance, and it is difficult for the financial report users to objectively evaluate the implementation and the related decision-making of the responsibility of the government, which limit the deepening of structural reform for China's socialist market economy and the improvement of international participation.First, this paper introduced different definition on the concept of financial reporting, as well as reform mentality. And then, on the basis of theoretical study of public fiduciary duties, government functions, the new public administration, western economics and accounting, the paper have a detailed analysis on the present status and some problems of the provincial government financial report. Such as the report object is not clear, the content is not substantial, the system is imperfect and so on. We should learn from advanced theory and practical experience to improve and perfect Hunan provincial government financial report. The idea and suggestion including improving the government financial report goal, expanding the government financial report scope, changing the government financial report calculation foundation, fulfilling government financial report system and proposing a more innovative government financial report framework that conforms to the situation of Hunan province. With a view to speeding up the improvement of China's financial reporting at all levels of government.