Font Size: a A A

Study On Financial Disclosure In Private Non-profit Organizations Of China

Posted on:2016-02-14Degree:MasterType:Thesis
Country:ChinaCandidate:H J LuoFull Text:PDF
GTID:2296330476950936Subject:Accounting
Abstract/Summary:PDF Full Text Request
Private non-profit organization is a formal social organization on the outside of government and enterprises, not for the purpose of profit, but for the public or mutual benefits. It includes institutions and private non-profit organizations in China. Private non-profit organizations, also known as non-governmental organizations, or social organizations, is an important part of non-profit organizations, including social groups, foundations, private non-enterprise units, monasteries, temples, mosques and churches, which are registered in accordance with the national laws and administrative regulations. In China, private non-profit organizations follow the?Accounting System of Private Non-profit Organizations‘.Private non-profit organizations play a resources-allocating role when ―government failure‖ and ―market failure‖ occurred, and are becoming more and more close to people‘s life. They also play a significant role in social administration innovation. In recent years, with the rapid development of private non-profit organizations in China, a lot of problems exposed in negative news. The problems, which were strongly questioned by public, led a decline in the accountability and put a bad damage on private non-profit organizations. A major reason of private non-profit organizations’ accountability decline is the low transparency and quality of financial disclosure. Although many private non-profit organizations started to reform financial disclosure, the situation has not been improved much as expected so far. Therefore, there is still a long way to go for private non-profit organizations to improve the accountability and regain public trust.In this paper, on the basis of public-product theory, principal-agent theory, public accountability theory and stakeholder theory, the author deeply analyzes the status and its root causes of private non-profit organizations’ financial disclosure problems. Also suggestions are risen on how to improve them, in reference with the advanced experiences of the United States and Britain in this field, and with the relevant practices of China in the field of corporate information disclosure. Then the author suggests that private non-profit organizations’ financial disclosure problems should be solved as below-- perfecting relevant laws and regulations, establishing unified channel of information disclosure, strengthening external supervision and enhancing internal management.It is hoped that private non-profit organizations can regain public trust and maintain a good image through improving transparency and quality of financial disclosure, so as to promote the further development of philanthropy, and make contributions for building a harmonious society.
Keywords/Search Tags:Private non-profit organization, financial disclosure, accountability, financial reports
PDF Full Text Request
Related items