Research On The Presentation Of The Government Financial Report

The Third Plenary Session of the 18 th Central Committee of the Communist Party of China proposed that China need to establish a comprehensive system of government financial report.The following year,the reform plan of comprehensive financial report of the government drew up by the Ministry of Finance was approved by the State Council.In 2015,Ministry of Finance enacted ?The Government Accounting Standards-Basic Standard?.?The Government Accounting Standards-Basic Standard?had put forward the target,content,specific requirements of government financial report.Generally,the government financial report's main goal was to disclose the finances,operations,and cash flow information of the government accounting entity in a certain accounting period.In addition,the basic standard also introduced the five accounting elements of government accounting.But the basic principles didn't specified the accounts and contents that need to present for each of the elements.In 2016,the Ministry of Finance issued the specific standards of fixed assets,intangible assets,inventory and investment.In 2017,the Ministry of Finance issued the specific standards of public infrastructure.It is obviously that this five accounts is not enough to meet information disclosure requirements of the government financial report.Therefore,in order to satisfy the information disclosure requirements of government financial report,the government report also need to display other accounting information.This paper selects several provinces which issued government bonds recently,observe the financial and accounting information which was used in bond rating report by bond credit rating companies.Through the financing behavior of the government and the perspective of the users of government financial information,this paper analyze the presentation of government financial report,and put forward some opinions based on this.This paper will use the induction and case study methods to make a research on the report items that government financial need to contain.The first chapter mainly introduces the research background and significance,research problem and research method of this article.The second chapter,summarizes the research status and content of the government financial report from the angle of literature of home and abroad.The third chapter mainly elaborates the theory and accounting basis of government financial report.The fourth chapter introduce the research ideal of the case study and summarize the financial information needed for government financial report through the angle of bond rating agencies;The fifth chapter make a research on the report item and content of government financial report through the information needed which is reflected in the fourth chapter and the comparison with GFSM(2014).Through the case study,the paper puts forward the suggestions for the report items in the government financial report,so as to provide a point of reference to the design of our country's government specific accounting standards.