TITLE:
New Achievements of Government Accounting Reform in China—“Governmental Accounting Standards—Basic Standards”
AUTHORS:
Fangping Gan
KEYWORDS:
Government Accounting, Basic Principles, Future Development
JOURNAL NAME:
Modern Economy,
Vol.7 No.4,
April
28,
2016
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.