Government Accounting Research Based On Local Government Debt Management

With the acceleration of economic globalization and the deepening of reform and opening-up,China's economy has made great progress and social undertakings have developed greatly.The acceleration of industrialization and urbanization also puts forward higher requirements for local constructive financing.However,there are also fiscal deficits and government debts in the process of economic growth,and the local fiscal deficits and government debts are more serious.Government debt information is provided by government accounting.At this stage,government debt increases and debt risk increases.The integrity and accuracy of debt information provided by government accounting under the cash basis are questioned.Government accounting under the cash basis is difficult to meet the requirements of debt management,and the information provided is not clear enough to predict debt risk.Government accounting is an important tool for effective management of local government debt,but the current government budget accounting in China is difficult to play a role.Government accounting reform can change the drawbacks of the current system,improve the quality of access to information,improve the accuracy,timeliness,comprehensiveness and reliability of debt information,facilitate the calculation and analysis of indicators,scientifically and reasonably predict debt risks,improve the level of debt management of local governments,and do a good job in risk prevention and control in time.This paper carefully studies the principal-agent theory,public resources,soft budget constraint theory and stakeholder theory.On this basis,it combines with empirical research to deeply analyze the current situation of government debt.It is found that the characteristics of local government debt in China are large scale,fast growth,complex structure and high risk.Under such background,from the local government debt management.Starting from the current situation,we should dig deeply into the problems existing in our government accounting.After analysis and comparison,this paper finds out the problems in government accounting,and puts forward some feasible suggestions for the reform of government accounting based on the national conditions and reality: changing the basis of accounting,gradually changing the cash basis into accrual basis,improving the content of accounting,establishing and perfecting the system of government accounting standards,and establishing a comprehensive government financial reporting system under accrual basis.The establishment of a transparent government,the disclosure of debt information,and the timely,accurate and complete transmission of debt information to the people will help the government to identify debt risks in a timely manner,do a good job in risk prevention and control,and improve the level of accounting management of local government debt.