Research On The Financial Reporting System Of Suzhou Municipal Government

For a long time,China has implemented the government financial reporting system with the budget and final accounts reporting system as the main body,which has played a positive role in history.However,with the rapid development of China’s economy and society,the original government financial reporting system has been difficult to adapt to the development of the new situation.Due to the influence of various factors,China has launched the reform of accrual based government comprehensive financial reporting system.Since Suzhou officially launched the reform of the government financial reporting system in 2012,preliminary results have been achieved through long-term efforts.However,it should also be recognized that there are still various deficiencies in the Suzhou government financial reporting system.After in-depth analysis,it can be found that there are deep-seated constraints in the formation of these problems,which need to be further improved.Based on public choice theory and institutional change theory,this paper uses research methods such as literature research,normative research,induction and deduction to study the development process,construction status,main problems and causes of Suzhou municipal government financial reporting system.This paper holds that the financial reporting system of Suzhou municipal government can be divided into four parts : accounting system,report preparation system,audit and disclosure mechanism,and analysis and application system.At the current stage,the audit and disclosure mechanism is still in the process of exploration and construction,and the accounting system,report preparation system and analysis and application system have been preliminarily established.However,while playing a positive role,there are still some areas to be improved.Through further exploration,it is found that the formation of these problems mainly stems from the constraints of work foundation,supporting measures,openness and other factors.In order to better promote the improvement of the financial reporting system of Suzhou municipal government,it is necessary to take targeted measures to consolidate the work foundation,improve supporting measures,create an open environment,and continue to promote the construction of audit and disclosure mechanisms,So as to realize the further improvement and development of the financial reporting system of Suzhou municipal government.