REVAMPING FINANCIAL MANAGEMENT: ASSESSING THE INFLUENCE OF A NEW GOVERNMENT ACCOUNTING SYSTEM

Authors

  • Ling Chen Qiqihar Open University, Qiqihar, 161000, China
  • Wei Zhang Qiqihar Open University, Qiqihar, 161000, China

Keywords:

Governmental accounting, accounting system, financial accounting, Budget accounting, Management practices

Abstract

The new governmental accounting system introduces a distinct division, encompassing the management system of basic principles and the accounting management system of accounting disciplines and tables. Unlike the traditional accounting system, this innovative approach separates these two accounting domains, marking a significant shift towards integrating financial and budget accounting methods. This division brings about a transformation in both accounting and management practices, offering unique insights into government financial operations

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Published

2024-06-04

Issue

Vol. 10 No. 4 (2022)

Section

Articles