Research On Issues Of Preparation Of Local Government Balance Sheet Based On Accrual Basis

The government system of accounting system based on the payment and realization system has played an irreplaceable role for China's economic development since the foundation of the PRC,be it during the planned economy period or the market economy period.With the rapid growth of China's economy,the problems of the government accounting report system based on the system of receipt and payment are becoming increasingly evident.To solve these problems,it is necessary to introduce the accrual basis into the government accounting system.Accordingly,The Third Plenary Session of the Eighteenth Central Committee put forward new requirements and at the end of 2014,the State Council approved the scheme of the Ministry of Finance.The government comprehensive financial reporting system based on the accrual basis began to be piloted in some provinces and cities.Therefore,the reformation of government accounting has made new progress.However,in most of the counties,cities and provinces of our country,government balance sheet is still based on the collection and payment system.The resulting financial report is not only difficult for the government to provide a more comprehensive financial information and resource information,but also,it cannot avoid risk and cannot provide effective evidence for the government to make long-term decision.Therefore,it is necessary to implement the reformation of the local government balance sheet system based on the accrual basis as soon as possible.By analyzing the problems of the statements prepared by the system of cash basis,and learning from the experience accumulated by the western developed countries and the domestic pilot provinces,this paper attempts to to simulate the government accounting of county A and prepare local government balance sheet based on accrual basis so as to find out the method of the comprehensive financial reporting system based on accrual basis.Therefore,this research is meaningful not only in theory but also in practice.The thesis consists of six parts.The first part is the introduction,which points out the research background and the significance of this paper,summarizes the research status of government balance sheet at home and abroad,and puts forward the research content and application method.The second part analyzes the government balance sheet of the relevant theory,makes a comparison between cash basis accounting and accrual basis accounting and discusses the advantages and disadvantages of the two systems.The third part discusses the development of the local government accounting,studies relevant foreign experience and pilot domestic provinces so as to explore the problems of the current government balance sheet.The fourth part takes A county as an example,and puts forward the method of the comprehensive financial reporting system of accrual system.Based on the comparison of three units,this part summarizes the differences in the balance sheet and the impact on the social economy under the different accounting principles.The fifth part puts forward the suggestion for the preparation of the local government's balance sheet,that is,the consummation of the accounting system and the criteria,the full implementation of the new government comprehensive financial reporting system,the use of a gradual way to prepare the accrual basis for the government balance sheet,the establishment of the State Accounting Administration,the establishment of the central to local professional accounting institutions and the strengthening of the local government balance sheet audit supervision.The sixth part is the conclusion and the prospect.