The Study On The Framework Of Chinese Government Accounting Information Disclosure Theory

The last thirty years, since the end of the1970s, has witnessed a golden age forgovernment accounting all over the world, due to the acceleration of the New PublicManagement. A series of government accounting reform characterized by the introduction ofaccrual basis were implemented successfully in developed countries such as New Zealand,Australia, the UK and the US. It can be seen from these practices that the reform aims toprovide comprehensive and systematic accounting information of the government and itsrelevant departments, such as the financial circumstance and implementation of the budget, soas to provide scientific foundation for the policy-making of pubic finance, and accurate datafor evaluation of the efficiency of the government and relevant departments, which assists thepublic in assessment of government Public Accountability. Only through scientific,comprehensive and timely disclosure of the government accounting information, can thefunction of government accounting be brought into full play. With the transformation ofgovernment function and the establishment of public financial system, the present governmentaccounting information disclosure fails to meet the need of government accounting objective,so reform is increasingly advocated in both theoretical and practical field. Therefore, it hasbecome a key project in government accounting theory research to study and build atheoretical framework for government accounting information disclosure, thus laying thetheoretical foundation for future establishment of government accounting informationdisclosure system.Based on the systematic study of relevant literature home and abroad, and theories suchas The theory on New Public Management, The theory on Principal-Agent, The theory onPublic Accountability and The theory on Fiscal Transparency, this thesis makes profoundanalysis about the problems in our government accounting information disclosure systemcurrently in effect, and the necessity for reform. Drawing on the experiences of governmentaccounting in western developed countries, it proposes the basic structure of the theoreticframework for government accounting information disclosure. Through the case study of thetrial reform in Hainan province, which is based on basically the same theory as the researchfindings of this thesis, the practicality of this research is fully verified. This thesis includeseight chapters. Section one (Chapter one) is the statement of the problem of research,including the background and significance of the research, literature review, researchmethodology, innovation and limitations of the research. Research procedures are clarified,with emphasis on the definition of the government accounting and the theoretical framework of government accounting information disclosure, laying the theoretical foundation for furtherstudy. Section two (Chapter2and3) is the analysis of the problem. Through the explorationof the relevant theories of government accounting information disclosure, and analysis of theproblems in our government accounting information disclosure theory, environmental factorsand necessity for reform, the direction for future proposition of the solutions is clarified.Section three (chapter4、5and6) is the solution of the problem. Based on the above analysis,a theoretical framework for new government accounting information disclosure is proposed,including the objectives, quality features, disclosure subject, treatment basis, disclosure formand content, disclosure system and so on, providing reference for the establishment of theprinciples of future government accounting information disclosure. One of the mainresearch findings is the proposition of the government accounting information disclosuresystem, which is forward looking, including the government budget report and financialreport. Taking the case of accrual basis government accounting reform in Hainan Province,section four (chapter7) makes an analysis of the measures taken and the effect of the trialreform in Hainan, and reaches the conclusion that the theoretical basis for the trial reform inHainan is in accordance with the conclusions of this study, which shows the practicality ofthis research. Section five (chapter8)is the conclusion of the main findings of this research.Suggestions are given about further reform of our government accounting informationdisclosure, according to the actual situation in China.