Government Cost Accounting: International Reference and China's Development

JOURNAL OF CONTEMPORARY FINANCE AND ECONOMICS ›› 2022, Vol. 0 ›› Issue (2): 155-169.

Government Cost Accounting: International Reference and China's Development

WANG Wenbing, SONG Hui, WANG Liyan, GAN Shengdao

1. Anhui University of Finance and Economics, Bengbu 233030;
2. Peking University, Beijing 100871;
3. Sichuan University, Chengdu 610064, China

Online:2022-02-15 Published:2023-12-14
Contact: SONG Hui, lecturer at Anhui University of Finance and Economics, Ph.D., mainly engaged in management accounting research, Email: 61058110@qq.com.
About author:WANG Wenbing, associate professor at Anhui University of Finance and Economics, Ph.D., domestic visiting scholar at Peking University, mainly engaged in the research of government accounting and ESG. WANG Liyan, professor at Peking University, Ph.D., Ph.D. supervisor, mainly engaged in environmental accounting research. GAN Shengdao, professor at Sichuan University, Ph.D., Ph.D. supervisor, mainly engaged in financial management research.

Abstract

Abstract: According to the deployment of the government accounting reform plan, the Ministry of Finance of China p。。。ublis。。。hed The Basic Guidelines on Cost Accounting for Public Institutions on December 25, 2019, thus the reform of government cost accounting undertaken by the administrative institutions has officially started. Taking this as an opportunity, this paper comprehensively combs and uses for reference the theoretical researches and practical application results of government cost accounting both at home and abroad. On the basis of analyzing the core links of cost accounting such as cost accounting objects, cost items and range, cost collection and distribution of public institutions, this paper systematically puts forward specific countermeasures and suggestions for the administrative units to apply the activity based costing to resolve the difficulties in distributing unit costs, so as to provide useful reference for administrative institutions to implement the reform of government cost accounting. In addition, in order to establish the government accounting theory system with Chinese characteristics, it also proposes some policy suggestions, such as putting forward the guiding policies for government cost accounting, strengthening the cultivation of talents of government cost accounting, defining the accounting period of government cost accounting scientifically, and establish and perfect the legal system for government cost accounting.

Key words: government accounting reform, government accounting system, government cost accounting, activity based costing (ABC)

WANG Wenbing, SONG Hui, WANG Liyan, GAN Shengdao. Government Cost Accounting: International Reference and China's Development[J]. JOURNAL OF CONTEMPORARY FINANCE AND ECONOMICS, 2022, 0(2): 155-169.

References

[1] Bei H.J., Shi J. H. Research On Government Cost Accounting from the Perspective of an Economized Society[J]. Communication in Finance and Accounting, 2010, (4): 42-43.
[2] Biondi Y., Suzuki T.Socio-Economic Impacts of International Accounting Standards: An Introduction[J]. Social Science Electronic Publishing, 2007, 5(4): 585-602.
[3] Chang L.Performance Budget and the Building-up of Government Cost Accounting[J]. Public Finance Research, 2009, (1): 22-25.
[4] Chen Z.B. The Concept Framework of Government Accounting[M]. Beijing: Chinese Financial & Economic Publishing House, 2018.
[5] Deng J.S. An Exploration of the Government Cost Accounting Reform in China[J]. Finance and Accounting Monthly, 2011, (15): 16-18.
[6] Deng J.S. U.S. Federal Government Cost Accounting Reform and Its Reference Value for China[J]. Finance and Accounting Monthly, 2018, (3): 143-150.
[7] Deng Q.Q. Government Cost Accounting Study[D]. Xiamen: Xiamen University, 2007.
[8] Guo D.Y. On the Global Reform of the Accounting System[J]. Accounting and Economics Research, 2013, (5): 3-18.
[9] Hao D.Y., Zhang R. Government Cost Accounting of Service for State Governance: Function, Characteristics, Conceptual Framework and Realization Path[J]. Chinese Public Administration, 2016, (5): 19-25.
[10] Hu J.T. Government Accounting System Construction Research Based on Performance Management[D]. Dalian:Dongbei University of Finance and Economics, 2011.
[11] Jiang H.Q., Gong Y. Y. A Study of the Concept and Components of Cost in Government Accounting[J]. Finance and Accounting, 2016, (7): 57-58.
[12] Jiang H.Q., Xu J. The Construction of Government Cost Standards: A Theoretical Analysis[J]. Commercial Accounting, 2018, (12): 18-24.
[13] Jing X. The Evolution, Deconstruction, and Integration of Government Accounting System[J]. Friends of Accounting, 2018, (3): 2-5.
[14] Johnson H.T., Kaplan R. S. Relevance Lost: The Rise and Fall of Management Accounting[M]. Boston: Harvard Business School Press, 1987.
[15] Kaplan R.S., Cooper R. How Cost Accounting Distorts Product Costs[J]. Management Accounting, 1988, 69(10): 20-27.
[16] Li G.C. Research on the Development Strategy of Government Cost Accounting in China[J]. Commercial Accounting, 2017, (9): 86-87.
[17] Li J. F., Zhang J. J., Zhang G. Q., Zhao J. Y. Government Accounting Standards Implementation Mechanisms Study Based on the Institutional Theory[J]. Accounting Research,2017, (2): 3-13+96.
[18] Liu Y.T., Wu W., Ren S. B. Influencing Factors and Conceptual Framework of Government Cost Accounting Reform[J]. Research on Financial and Economic Issues, 2018, (4): 77-83.
[19] Liu Z.Y., Ling H., Liu J. An Analytical Framework for the Unintended Consequences of Government Accounting Standards Implementation[J]. Accounting Research, 2019, (11): 92-97.
[20] Lüder K.G. A Contingency Model of Governmental Accounting Innovations in the Political Administrative Environment Research[J]. Governmental and Nonprofit Accounting, 1992, 7(4): 99-127.
[21] Ma W.Y. Analysis of the Government Cost of Social Progress[J]. Social Sciences in Nanjing, 1997, (9): 45-51.
[22] Mikesell R.M. Wanted: More Cost Accounting for Government[J]. The Accounting Review, 1947, 22(3): 241-247.
[23] Pan X.B., Jiang Y. Y. Review of the Academic Meeting Held by Accounting Society of China[J]. Accounting Research, 2019, (6): 92-94.
[24] Pan Y.Lessons and Insights of SFFAS NO.4 in the U.S. for Building a Government Cost Accounting System in China[D]. Xiangtan: Xiangtan University, 2018.
[25] Parker L.M. The Reemergence of Cost Accounting Standards Board[J]. Research in Accounting Regulation, 1989, 3(5): 219-227.
[26] Previts G.J., Merino G. J., Dubis B. A History of Accountancy in the United States[M]. Columbus: The Ohio States University, 1998.
[27] Qi H.D., Peng R., Su Q. Q. 70 Years of Coordinated Development and Reform of Accounting and State-owned Enterprise System: Based on the Perspective of Information and Power[J]. Accounting Research, 2019, (11): 12-19.
[28] Staubus G.J. Activity Costing and Input-Output Accounting[M]. Georgetown, Ontario: Richard D. Irwin, 1971.
[29] Wan S.Y., Ju Q. Y. Implications of U.S. Cost Accounting Standards for Government Procurement Cost Control in China[J]. Journal of Financial Supervision, 2010, (10): 17-20.
[30] Wang Y.A Preliminary Study on the Introduction of Cost Accounting into Government[J]. Finance and Accounting Monthly, 2006, (9): 14-15.
[31] Wells M.C. Some Influences on the Development of Cost Accounting[J]. Accounting Historians Journal, 1977, 4(2): 47-61.
[32] Ying W., Zhang J., Yang H.F. Related Questions and Research Perspective in the Construction of Government Accounting Standard System[J]. Accounting Research, 2016, (6): 3-7.