A Study On The Financial Report Of The Government Of Xinjiang Autonomous Region

Since reform and opening up, with the development of market economy andadministrative reform, the transformation of government functions in recent years, China hasdeveloped from a planned economy to a socialist market economy. In order to adapt to thedevelopment of society, our government constantly carries out a series of measures, such asincome and expenditure, system of treasury collection and payment and modified accrualbudgeting make up cash basis accounting system which has many defects. However,compared with Europe and other developed countries, regardless of financial reporting fromthe perspective of theoretical research or from the dimension of time, China’s governmentfinancial reporting can not accurately reflect the financial information and we have a lot tolearn from them. Since the1980s, Western developed countries have set off a wave of newpublic management reform, the government has already a more complete conceptualframework and financial reporting system. China’s financial ministry has issued the “GuidingOpinions on Further Improving the Work of Budget Information”, it not only detailed thetemplates of various public sector budget reports, and also made a clear public budgetrequirements for the various levels government. The main content of government budgetaccounting reform gradually evolved into the establishment of a standardized governmentfinancial report. In2009, Hainan as the first pilot preparation of consolidated financialstatements, then many other provinces gradually began to explore the arduous road of thefinancial report. Actually, they have already achieved some results.This article is based on the Xinjiang Uygur Autonomous Region of the level ofgovernment financial report; we reference and learn the advanced theoretical and practicalexperience in the preparation of financial reports. I am trying to analyze the level of Xinjianggovernment financial reports and find the specific problems and future vision preparation ofthe development trend. In this paper, I combined a theoretical analysis and practical cases; thisarticle has seven chapters in total. First chapter mainly tell you the research background,significance, methods of research status at home and abroad and framework of this article.The second chapter briefly describes the functions of government and disclosure ofinformation, the new public management theory, public accountability theory of governmentfinancial reporting and so on. The third chapter describes the requirement for the preparationof Xinjiang in order to make you have a preliminary understanding of the level of Xinjiang government financial report narrative. Chapter four is based on the results of Xinjiangfinancial report and analyzes the indicators index calculation from the assets and liabilities,and capital efficiency. The fifth chapter, I want to carry out the problems of Xinjiang financialreport. The six is based on the problems and results of the autonomous region, the specificsituation in Xinjiang, made possible future trends. Hoping to accelerate the improvement ofthe level of government financial reporting autonomous region made little contribution; thelast is the conclusion of article.