Research On The Accounting Of Government Entities Of PPP Projects

Since 2014,under the support and guidance of national policies,the enthusiasm of the government and the social capital for the PPP model has been continuously improved.PPP model has been applied to many projects.It can alleviate government financial pressures,improve the quality of public services,and broaden project financing channels.So it develops vigorously and widely in China.PPP projects will cause the movement of government funds,affect the future financial status of the government and related decisions.Therefore,relevant information of government entities in PPP projects should be accurately reflected and disclosed timely.However,China has not issued relevant standards to standardize the PPP projects,resulting multiple standard accounting and incomplete accounting for government entities.This article from the government perspective,based on the theory of public goods and property rights,analyzing the relevant concepts of the PPP project,combing and comparing the regulations on the accounting of PPP projects at home and abroad,analyzing the basic theory of PPP project government accounting and giving suggestions for relevant accounting.Finally,building the accounting system for the entire life cycle of the PPP project with a case.The basic accounting theory and viewpoints of government entities in the PPP project proposed in this study and the entire life cycle of the PPP project plays an important role on the construction of PPP projects and government accounting standard in China.