The Study On Government Accounting Reform Of China

At the present time, our government accounting takes pattern of budget accounting. Budget accounting which is an important part of the public finance budget administration is an important mean of carrying out the function of national finance and the national budget. The budget accounting is a professional accounting which is used to check, reflect and supervise government and administration institution's income and expenses of financial capital. But recently, along with the development of the socialist market economy system, especially the deepen of administration reform and financial system reform, our budget accounting has some limitation which has already not made suitable to reform and opening-up. So it is exigent to fully reform our actual budget accounting. We must work up the scientific and canonical government accounting system with Chinese characteristic which can apply the development of the socialist market economy system and the need of public administration, and make government accounting provide better service for the government supervision and public.First, this paper outlines Government Accounting on some basic theory, introduces the definition, basis responsibility, objective and fundamental elements, etc. Next, separately elaborates American Government Accounting reform, British Government Accounting reform and New Zealand Accounting reform, and then sums up some enlightments to our Government Accounting reform. Once more, put emphasis on the problems exists in our Government accounting system. Mainly includes Government accounting objective lacks precision, accounting basis have handicap, current accounting entity is not suitable and government financial report system need to improve. Finally, in view of these problems, it proposes some concrete measures, such as stepwise bring in accrual basis, bring in fund accounting, relocate government objective based on public fiduciary duty. In additional, the relational measures about the reform of our government accounting are put forward.