Government and Public Institution Accounting (Second Edition)

Author: Wang Qingcheng
Publisher:
Publish Date: 2005-04-01
Features: The book "Government and Public Institution Accounting" was written in 1997 and published in 1998. Over the past five years, major reforms have been carried out in China's budget management system under the public finance framework (such as the preparation of departmental budgets, the implementation of government procurement, the establishment of a unified treasury collection and payment system, and the deepening of the two-line revenue and expenditure reform). The systems and operational methods of administrative and public institutions have undergone significant changes, and the issue of preventing market risks has become increasingly prominent in fiscal, administrative, and public institutions. The need to comply with internationally recognized practices in budget management and accounting has become more urgent. The changes in the accounting environment for governments and public institutions, as well as the shifts in the content and methods of financial operations, have made our previous teaching materials unsuitable and necessitated revisions. However, the new round of reforms in government and public institution accounting is currently underway, and new accounting standards and systems have not yet been issued. Therefore, based on the existing accounting standards and systems, we have independently formulated the names of accounting subjects, their usage methods, and the formats of accounting reports, and revised the teaching materials accordingly. Compiling teaching materials differs from writing academic papers—adjustments and improvements for practical issues can only progress gradually. The book adopts the following principle for handling certain outdated aspects of past government and public institution accounting: issues that urgently require reform and are clearly identified are addressed first, while changes that are not yet feasible under current conditions are left unaltered.