Governmental Accounting Standards Comparative Studies

Governmental accounting standards can reflect the circumstances ofthe government's carrying out the accountability and offer accounting andnon-accounting information to the users to help them make properdecisions. And nowadays, government faces more and more financialrisks, sometimes because the differences between accounting standards,but mature governmental accounting standards will direct government towork out accurate and comprehensive governmental accounting reportingand prevent financial risk, so studying the differences betweengovernmental accounting standards is very important. As China facesfurther improvement in governmental accounting standards, we can keepup with the international usual practice on the premise of preservingChinese characteristic.Through the comparison among the International Public SectorAccounting Standards, Governmental Accounting and FinancialReporting Standards and governmental accounting standards in china, wecan learn the similarity and difference;at the same time we analyze thereasons giving rise to the difference, pointing out the fact that differencesof governmental accounting standards can influence the financial risk.