Analysis on the Application of Local Governmental Balance Sheet——From the Perspective of New Governmental Accounting System

Abstract

Since January 1st, 2019, the Governmental Accounting System has been officially implemented in China. This paper summarizes a series of problems in reporting balance sheet by applying the new Governmental Accounting System. Such problems include the absence of attention from leaders in management, the unreasonableness in accounting departmental structure, the weak infrastructure in accounting informatization and also some unreasonableness in the new Governmental Accounting System, etc. Data in this paper was obtained by visiting and investigating the standards implementation of administrative institutions in different regions, Shandong Province.