Application Research Of The Accrual Basis In The Government And Public Sector

The government and the public sector have been playing an important role in China's social management and public service, which is an important carrier to provide public services in economic and social development.With the continuous deepening of the socialist market economy, the corresponding accounting system in the reform and perfection adapt to the development of the accounting management of the government and the public sector. The public pay more attention to the financial information published by government and the public sector. The budget accounting has become management tools which cannot adapt to the changing economic environment. The shortcomings become increasingly prominent. As a result of the global financial crisis and the subsequent sovereign debt crisis, governments and other public sector entities around the world have to improve managements to improve management of resources and report high-quality information to their citizens. As a traditional government and public sector, the cash accounting systems fail to capture information on public sector assets and liabilities and present a very short-term view of public finances in primary financial reports, and directly affects the allocation of social resources and policy decision. Previous transactions through the accrual basis of preparation of financial statements cannot reflect the full economic impact of political decisions not only the cash payment behavior and social resources, but also the future cash and social resources to pay obligations, so that the policy makers have not a definite object in view.At present, the newly revised "Financial rules of the governments "Financial rules of the public sector"?"financial regulations of the government"and"financial regulations of the public sector"has been add part of accrual basis, this paper draws a series of achievements and the field of international financial management system reform and domestic researchers, and forward the views of reform in the future application and development direction of the content and the significance of the analysis of the change based on the development, characteristics of the government and the public sector in China. Further introduction of accrual basis and information on the basis of related statements disclosure methods and development trend of accounting way can be seen in this paper, in order to put a forward proposal to analysis more valuable information and reference for economic policy.