Research On Government Comprehensive Financial Reports On Accrual Basis

As the occur of the debt crisis in western Europe, people begin to concern more about the usage of financing and the undertaking of the government’s debts,especially the government debt levels and long-term debt capacity.Besides these,with the continuous improvement of the information platform construction, the increase of accesss to information, and the significant changes taken place in the amount of information, people put forward higher requirements to the government information disclosure.In this background, many countries have begun the government accounting reform based on accrual.Government financial reports is the final product of accounting information, and therefore the reform of government financial reporting is the most important part in the reform of government accounting.The compiling of accrual government financial reporting can not only reflect the complete information of government assets, operation costs,but also help guard against financial risks and improve financial transparency,thus effectively improved the western government management as well as promoted the transformation of government functions,so it is an important step in the government accounting reform.Referring to western countries’ practices, our country began to compiling the government’s accrual comprehensive financial reports in some areas in 2010 to reflect the government’s complete financial information,thus deepen our financial system reforming and promote sustainable socio-economic development.Our country is still at the primary stage of comprehensive reform of the financial reporting, so there many problems to be solved. After analyze the existing literature,we can find that the scholars have focused their eyes on the need of government accounting reform and the macro path of reform based on a particular perspective such as public management, user information needs, financial transparency and so on;or they study how economic and political, environment themselves, social public’attitudes, information demand and the force of public opinion effect the implementation of the reform of government accounting by using Luder contingency model, the empirical methods, questionnaire methods. This paper based on the domestic and foreign reforming environment and present situation of implementation of the government financial reports,and used the recently policy as the theoreticalbasis to explore specific methods to compiling accrual government financial reports at the present stage.First of all, this paper introduced the background, significance and related concepts as well as dynamic of this research.Secondly, from the current situation and problems of accrual government comprehensive financial statements,this paper explored the urgent needs for reforming at the present stage. Then taking the United States, Canada and New Zealand as the representative of developed country and Indonesia as the delegates of developing country, this paper systematically analyzed the rise and development of comprehensive government reporting system, and it’s requirements, main contents and audit. After summarized the experience of foreign countries,this paper focused on the specific methods of the government financial reports,especially studied the it’s difficult issues.Finally, according to the theory and practice in the above, this paper put forward some suggestion to improve the government financial reporting system in our country,thus achieved an effective combination of theory and practice of government accounting, and provided a theoretical basis to the next improvement and application of government comprehensive financial reports.