Technical Path Analysis of Government Asset Measurement and Reporting

Li Xiumei; Huang Jiangyu

doi:doi:10.11648/j.ijfbr.20190505.13

| Peer-Reviewed

Technical Path Analysis of Government Asset Measurement and Reporting

Li Xiumei, Huang Jiangyu

Published in International Journal of Finance and Banking Research (Volume 5, Issue 5)

Received: 21 September 2019 Accepted: 9 October 2019 Published: 25 October 2019

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

In order to promote the fiduciary responsibility of the public sector and strengthen the effective management of government assets, the Chinese governments at all levels should not only prepare reports on state-owned assets, but also prepare comprehensive financial reports based on accrual basis after 2020. The authenticity and reliability of government assets information directly affect the effective implementation of these two reforms, and the quality of assets information is highly dependent on the accrual basis of accounting measurement and reporting. Accrual basis accounting and reporting are relatively mature and scientific technology in business. China attempts to apply this business approach directly to public sector measurement and reporting of government assets. However, there is a natural difference between government assets and commercial assets. Asset measurement and reporting techniques are more complex in the practice of public sector asset management. From four dimensions of concept, scope, method selection and implementation effect, this article analysis asset identification, asset value, assets cost allocation and asset report path, and draw lessons from international experience, combined with China's actual situation, analysis the problems existing in the government assets measurement and reporting. In order to provide effective asset management reform must practice guidance, the article put forward the corresponding solution path.

Published in	International Journal of Finance and Banking Research (Volume 5, Issue 5)
DOI	10.11648/j.ijfbr.20190505.13
Page(s)	132-139
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Accrual Basis, Asset Identification, Valuation Method, Depreciation of Assets, Scope of Report Preparation

References

[1]	Adhikari, P. and L. Garseth-Nesbakk (2016). “Implementing public sector accruals in OECD member states: Major issues and challenges”, Accounting Forum, Vol. 40: 125-142.
[2]	Delphine Moretti (2016). Accrual practices and reform experiences in OECD countries – Results of the 2016 OECD Accruals Survey [J]. OECD Journal on Budgeting, 16 (1): 9-28.
[3]	Wen Zongyu Tan Jing (2018). A Few Issues About the Report System of State Owned Assets [J]. Fiscal Science, (04): 59-66.
[4]	Wang Peng (2018). Jilin Province accelerates the work of establishing a reporting system for state-owned assets management [J]. JIlINRENDA, (06): 22.
[5]	Wen Zongyu (2019). Establishment and full implementation of the reporting system for state-owned assets management [J]. CAIZHENGJIANDU, (14): 5-10.
[6]	WANG Yutao, YU Huajun, WANG Chengdong, XIE Wei (2019). Ecological Assets Accounting and Ecological Compensation Mechanism: A Systematic Review [J]. Chinese Journal of Environmental Management, 11 (03): 31-35.
[7]	SHEN Lei, ZHONG Shuai, HE Li, TAO Jian-ge (2018). Research on Accounting and Balance Sheet of Natural Resources with Double-Entry Bookkeeping [J]. Journal of Natural Resources, 33 (10): 1675-1685.
[8]	Wang Lejin et al (2016). Value Measurement of Environmental Assets: Theoretical Basis, International Practice and China's Choice——From the Perspective of Natural Resources Balance Sheet [J]. Accounting Research, (12): 3-11.
[9]	Wei Kai (2019). Analysis on the Management of Fixed Assets Accounting in Grassroots Medical and Health Organizations under the New Government Accounting System [J]. Accounting Learning, (23): 109-110.
[10]	Wu HuiJie (2019). Research on Innovation and Management Model of Fixed Assets Accounting of Institutions under the New Government Accounting Standards [J]. Money China (Academic edition), (14): 101-102.
[11]	Ma YuBiao (2019). Discussion on Accounting Problems of Intangible Assets [J]. China Township Enterprises Accounting, (07): 167-168.
[12]	Wu Qiong (2019). Reflections on the Confirmation and Measurement of Public Transportation Infrastructure [J]. Finance & Accounting for Communications, (08): 48-50.
[13]	Mei Quanqing, Sun Xiaomeng (2017). Difficulties and Solutions to Public Infrastructure Accounting in Government Accounting Reform [J]. Finance and Accounting Monthly, (16): 33-35.
[14]	Lee J, Fisher G (2004). Infrastructure assets disclosure in Australian public sector annual reports [J]. Accounting Forum, 28 (4): 349-368.
[15]	Pallot, June (1992). Elements of a Theoretical Framework for Public Sector Accounting [J]. Accounting Auditing & Accountability Journal, 5 (1).
[16]	Chatterjee B, Mir M Z, Eddie I A, et al (2017). Infrastructure reporting by new zealand local authorities – perceptions and expectations [J]. Accounting Research Journal, 30 (1): ARJ-10-2013-0076.
[17]	OECD (2009). Age-price and Depreciation Profiles [J]. Sourceoecd General Economics & Future Studies, volume 2009: 80-88 (9).
[18]	Perrin, John (1998). From Cash to Accruals in 25 Years [J]. Public Money and Management, 18 (2): 7-10.
[19]	Radnor, Zoe, Pilcher, Robyn (2005). Local government financial key performance indicators- not so relevant, reliable and accountable [J]. International Journal of Productivity & Performance Management, 54 (5/6): 451-467.
[20]	Walker R G, Jones S (2012). Reporting on Infrastructure in Australia: Practices and Management Preferences [J]. Abacus, 48.
[21]	Cohen S, Karatzimas S (2015). Tracing the future of reporting in the public sector: introducing integrated popular reporting [J]. International Journal of Public Sector Management, 28 (6): 449-460.
[22]	Arts G, Dicke W, Hancher L (2008). New Perspectives on Investment in Infrastructures: [M]. Amsterdam University Press.
[23]	Caruana J, Farrugia B, Christensen M (2018). The use and non-use of the government financial report by Maltese members of parliament [J]. Accounting, Auditing & Accountability Journal.
[24]	Huang Zhixiong, Ju Yueqi (2019). Research on the International Comparison of Accrual-based Accounting Reform. The Theory and Practice of Finance and Economics, 40 (01): 99-104.

Cite This Article

Plain Text BibTeX RIS

APA Style

Li Xiumei, Huang Jiangyu. (2019). Technical Path Analysis of Government Asset Measurement and Reporting. International Journal of Finance and Banking Research, 5(5), 132-139. https://doi.org/10.11648/j.ijfbr.20190505.13

Copy | Download

ACS Style

Li Xiumei; Huang Jiangyu. Technical Path Analysis of Government Asset Measurement and Reporting. Int. J. Finance Bank. Res. 2019, 5(5), 132-139. doi: 10.11648/j.ijfbr.20190505.13

Copy | Download

AMA Style

Li Xiumei, Huang Jiangyu. Technical Path Analysis of Government Asset Measurement and Reporting. Int J Finance Bank Res. 2019;5(5):132-139. doi: 10.11648/j.ijfbr.20190505.13

Copy | Download

@article{10.11648/j.ijfbr.20190505.13,
  author = {Li Xiumei and Huang Jiangyu},
  title = {Technical Path Analysis of Government Asset Measurement and Reporting},
  journal = {International Journal of Finance and Banking Research},
  volume = {5},
  number = {5},
  pages = {132-139},
  doi = {10.11648/j.ijfbr.20190505.13},
  url = {https://doi.org/10.11648/j.ijfbr.20190505.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20190505.13},
  abstract = {In order to promote the fiduciary responsibility of the public sector and strengthen the effective management of government assets, the Chinese governments at all levels should not only prepare reports on state-owned assets, but also prepare comprehensive financial reports based on accrual basis after 2020. The authenticity and reliability of government assets information directly affect the effective implementation of these two reforms, and the quality of assets information is highly dependent on the accrual basis of accounting measurement and reporting. Accrual basis accounting and reporting are relatively mature and scientific technology in business. China attempts to apply this business approach directly to public sector measurement and reporting of government assets. However, there is a natural difference between government assets and commercial assets. Asset measurement and reporting techniques are more complex in the practice of public sector asset management. From four dimensions of concept, scope, method selection and implementation effect, this article analysis asset identification, asset value, assets cost allocation and asset report path, and draw lessons from international experience, combined with China's actual situation, analysis the problems existing in the government assets measurement and reporting. In order to provide effective asset management reform must practice guidance, the article put forward the corresponding solution path.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Technical Path Analysis of Government Asset Measurement and Reporting
AU  - Li Xiumei
AU  - Huang Jiangyu
Y1  - 2019/10/25
PY  - 2019
N1  - https://doi.org/10.11648/j.ijfbr.20190505.13
DO  - 10.11648/j.ijfbr.20190505.13
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 132
EP  - 139
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20190505.13
AB  - In order to promote the fiduciary responsibility of the public sector and strengthen the effective management of government assets, the Chinese governments at all levels should not only prepare reports on state-owned assets, but also prepare comprehensive financial reports based on accrual basis after 2020. The authenticity and reliability of government assets information directly affect the effective implementation of these two reforms, and the quality of assets information is highly dependent on the accrual basis of accounting measurement and reporting. Accrual basis accounting and reporting are relatively mature and scientific technology in business. China attempts to apply this business approach directly to public sector measurement and reporting of government assets. However, there is a natural difference between government assets and commercial assets. Asset measurement and reporting techniques are more complex in the practice of public sector asset management. From four dimensions of concept, scope, method selection and implementation effect, this article analysis asset identification, asset value, assets cost allocation and asset report path, and draw lessons from international experience, combined with China's actual situation, analysis the problems existing in the government assets measurement and reporting. In order to provide effective asset management reform must practice guidance, the article put forward the corresponding solution path.
VL  - 5
IS  - 5
ER  -

Copy | Download

Author Information

Li Xiumei

School of Public Finance and Taxation, Central University of Finance and Economics, Beijing, China; School of Public Finance and Taxation, Inner Mongolia University of Finance and Economics, Hohhot, China
Huang Jiangyu

College of Big Data Application and Economics, Guizhou University of Finance and Economics, Guiyang, China

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Li Xiumei, Huang Jiangyu. (2019). Technical Path Analysis of Government Asset Measurement and Reporting. International Journal of Finance and Banking Research, 5(5), 132-139. https://doi.org/10.11648/j.ijfbr.20190505.13

Copy | Download

ACS Style

Li Xiumei; Huang Jiangyu. Technical Path Analysis of Government Asset Measurement and Reporting. Int. J. Finance Bank. Res. 2019, 5(5), 132-139. doi: 10.11648/j.ijfbr.20190505.13

Copy | Download

AMA Style

Li Xiumei, Huang Jiangyu. Technical Path Analysis of Government Asset Measurement and Reporting. Int J Finance Bank Res. 2019;5(5):132-139. doi: 10.11648/j.ijfbr.20190505.13

Copy | Download

@article{10.11648/j.ijfbr.20190505.13,
  author = {Li Xiumei and Huang Jiangyu},
  title = {Technical Path Analysis of Government Asset Measurement and Reporting},
  journal = {International Journal of Finance and Banking Research},
  volume = {5},
  number = {5},
  pages = {132-139},
  doi = {10.11648/j.ijfbr.20190505.13},
  url = {https://doi.org/10.11648/j.ijfbr.20190505.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20190505.13},
  abstract = {In order to promote the fiduciary responsibility of the public sector and strengthen the effective management of government assets, the Chinese governments at all levels should not only prepare reports on state-owned assets, but also prepare comprehensive financial reports based on accrual basis after 2020. The authenticity and reliability of government assets information directly affect the effective implementation of these two reforms, and the quality of assets information is highly dependent on the accrual basis of accounting measurement and reporting. Accrual basis accounting and reporting are relatively mature and scientific technology in business. China attempts to apply this business approach directly to public sector measurement and reporting of government assets. However, there is a natural difference between government assets and commercial assets. Asset measurement and reporting techniques are more complex in the practice of public sector asset management. From four dimensions of concept, scope, method selection and implementation effect, this article analysis asset identification, asset value, assets cost allocation and asset report path, and draw lessons from international experience, combined with China's actual situation, analysis the problems existing in the government assets measurement and reporting. In order to provide effective asset management reform must practice guidance, the article put forward the corresponding solution path.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Technical Path Analysis of Government Asset Measurement and Reporting
AU  - Li Xiumei
AU  - Huang Jiangyu
Y1  - 2019/10/25
PY  - 2019
N1  - https://doi.org/10.11648/j.ijfbr.20190505.13
DO  - 10.11648/j.ijfbr.20190505.13
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 132
EP  - 139
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20190505.13
AB  - In order to promote the fiduciary responsibility of the public sector and strengthen the effective management of government assets, the Chinese governments at all levels should not only prepare reports on state-owned assets, but also prepare comprehensive financial reports based on accrual basis after 2020. The authenticity and reliability of government assets information directly affect the effective implementation of these two reforms, and the quality of assets information is highly dependent on the accrual basis of accounting measurement and reporting. Accrual basis accounting and reporting are relatively mature and scientific technology in business. China attempts to apply this business approach directly to public sector measurement and reporting of government assets. However, there is a natural difference between government assets and commercial assets. Asset measurement and reporting techniques are more complex in the practice of public sector asset management. From four dimensions of concept, scope, method selection and implementation effect, this article analysis asset identification, asset value, assets cost allocation and asset report path, and draw lessons from international experience, combined with China's actual situation, analysis the problems existing in the government assets measurement and reporting. In order to provide effective asset management reform must practice guidance, the article put forward the corresponding solution path.
VL  - 5
IS  - 5
ER  -

Copy | Download