A Research of the Problem of Accounting Reform in Public Institutions

The reform of the financial budget management of our country,the influence of non-profit organization accounting in western countries and the defect that exists in the present accounting standard for public institutions are the main reasons for the accounting reform in China's public institutions.This paper dissertates the problems in the accounting reform of the public institutions of our country: changing the public institution accounting into state-owned non-profit organization accounting in the accounting system of government and non-profit organization;establishing a separate accounting system for the state-owned non-profit organizations;adding accounting rules for economic transactions in central revenue and payment by the country and the government central purchase;dividing the existing accounting factors of net assets into two accounting factors: funds and balance.