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New Achievements of Government Accounting Reform in China—“Governmental Accounting Standards—Basic Standards”
Management School, Jinan University, Guangzhou, China
- 1 Management School, Jinan University, Guangzhou, China
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Abstract
Through joint efforts, “ Chinese Government Accounting Standards—Basic Standards” was finally officially promulgated on October 23, 2015. This is a great achievement of our government accounting reform and it has a significant influence on future reform in China. The purpose of this paper is introducing our first government accounting standards and by comparing, I find several ways to safeguard its implementation. My conclusion is that our future governmental accounting standards will be better and more fruitful.
KeywordsGovernment AccountingBasic PrinciplesFuture Development
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