Government and Public Institution Accounting

Author: Wang Qingcheng, Editor-in-Chief
Publisher:
Publish Date: 2004-01-01
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). Significant changes have occurred in the systems and operational models of administrative and public institutions. The issue of preventing market risks has become increasingly prominent in fiscal, administrative, and public institutions, and the demand for budget management and accounting treatment in accordance with international practices has grown 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, the use of subjects, the formats of accounting statements, and other relevant matters in accordance with the new budget management system and corresponding accounting methods. The teaching materials have been revised accordingly.
Writing teaching materials is different from writing academic papers. Adjustments and improvements for practical issues can only progress gradually. For certain outdated aspects in past government and public institution accounting, the book adopts the principle that urgent reforms and clearly identified issues are addressed first, while changes that are not yet feasible under current conditions are left unaltered.