Chapter I General provisions article in order to standardize the Government's accounting system, guarantee the quality of accounting information, in accordance with the People's Republic of China accounting law and the People's Republic of China budget law and other relevant laws, administrative regulations, these guidelines have been formulated.

Article II the guidelines apply to all levels of Government, departments and units (hereinafter referred to as government accounting entity).

Referred to in the preceding paragraph the departments and units refers to the level of government financial departments direct or indirect budgetary allocations of State organs, armed forces, political parties, public organizations, institutions and other units.

Army, was included in the financial management system of enterprises and implementation of accounting system in the private, not-for-profit organization of social groups, these guidelines do not apply.

Article formed by budget accounting and financial accounting of government accounting.

Cash system budget accounting, as otherwise provided by the State Council in accordance with its provisions.

Financial accounting implementation of accrual accounting.

Fourth Government accounting standards and its application guide, government accounting system, and so on, should be formulated by the Ministry of finance in compliance with these criteria.

Fifth Government accounting entity shall prepare a final report and financial report. Goal of the report is to report on the accounts of the users on the accounts provide information as to the implementation of the budget of the Government, General Accounting budget reflect the Government's annual results and helps to monitor and report on the accounts of the users management, and provide reference and a basis for the preparation of subsequent annual budget.

The Government report on the accounts of users, including people's congresses and their standing committees, all levels of Government and the relevant departments, government accounting entities themselves, the public and other stakeholders. Objective of financial reporting is to provide users of financial reports provided with the Government's financial position, performance (including operating costs, the same below) and related information such as cash flow, reflects the Government's implementation of the accounting entity public accountability, help users of financial reports to make decisions or to supervise and manage.

Users of financial reports including the Standing Committee of the national people's Congress at all levels of the Government, creditors, Governments at all levels and relevant departments, government accounting entity itself, and other stakeholders.

Sixth Government accounting entity should be in its own business or accounting matters.

Seventh Government accounting information should be prepared on the premise that Government accounting entity continued to run.

Eighth Government accounting should define accounting periods, settlement accounts in stages, in preparation of the report on the accounts and financial reports. Accounting period is divided into annual and monthly at least.

Fiscal year, monthly accounting period ending dates using Gregorian dates. The Nineth Government accounting information should be prepared in RMB as their functional currency.

Foreign currency business, about the foreign currency amount converted RMB amount should be measured and registered foreign currency amounts.

The tenth Government accounting information should be prepared using the double entry method i.e.

Chapter II Government accounting information 11th Government accounting entity should be based on actual business or accounting matters on the basis of objectively reflect the situation and results of the accounting elements and accounting information is accurate and true.

12th Government accounting entity shall all its business or the unified accounting, accounting information accounting can reflect the Government budget implementation and financial position, performance, cash flows, etc.

13th Government accounting provides accounting information should reflect the public accountability of government accounting compliance and report users in the decision-making, management or supervision needs, help report users to government accounting past, present or future situations to assess and predict.

The 14th Government accounting of transactions or events that have taken place, shall promptly conduct accounting, early or delayed.

15th Government accounting provides accounting information must be comparable. The same Government accounting entity of different stages of the same or similar transactions or events, shall adopt uniform accounting policies, may not be altered.

Needed changes, the details, reason and effect of the change should be explained in the notes.

Different government accounting for same or similar transactions or events occurred, consistent accounting policies should be adopted to ensure that accounting information consistent, comparable to each other.

16th Government accounting provides accounting information must be clear and easy to report users to understand and use.

17th Government accounting entity shall, in accordance with economic business or accounting for the substance of the matter, is not limited to, based on economic and business matters or legal form.

Chapter budget accounting accounting elements include elements of the 18th the Government budget budgetary revenues, budget expenditures and budget balances.

19th budget income is achieved by the subject during the budget period in accordance with government accounting and budget management of cash flows.

20th when budgetary revenues actually received confirmation, the amount actually received.

21st budget means that the Government accounting in budget year cash outflows and included in the budget management according to law.

22nd General budgetary expenditure at the time of actual payment confirmation, the actual amount paid.

23rd budget surplus means that the Government accounting entity budgets within the annual budget income after deducting the budget expenditure and fund balance, as well as over the accumulated fund balance.

24th budget balance including balance and closing funds.

Ending balance refers to the yearly budget, budgetary revenues actual number of complete deduction of budget spending and carry-over remaining funds.

Closing refers to the year-end budget projects expenditure of funds has not been completed or for some reason not implemented and funding will continue next year required by the original purposes.

25th on budget revenues, budget expenditures and budget balances of project definition and recognition criteria should be included in the financial statements of the Government.

Fourth chapter of government financial accounting elements 26th government financial accounting are assets, liabilities, equity, income and expenses.

27th first asset asset accounting entity refers to the Government's past economic business or events, accounting entities controlled by the Government, is expected to bring economic benefits or service potential inflows of economic resources.

Service potential is the main asset of government accounting to provide public goods and services to fulfil the potential power of government functions.

Economic benefits flow to the inflow of cash and cash equivalents, or outflow of cash and cash equivalents decreased.

28th Government accounting entity according to the liquidity of the assets into current assets and non-current assets.

Liquidity refers to the expected within 1 year (1 year) consumption or liquidation of assets, including cash, short-term investments, accounts receivable and prepayments, inventories, etc.

Non-current assets are assets other than assets, including fixed assets and construction in progress, intangible assets, long-term investments, public infrastructure, Government reserves, heritage and cultural assets, such as affordable housing and natural resource assets.

29th meet of the 27th article of the code definition of economic resources, if the following conditions are met at the same time, recognized as assets: (a) the service associated with the economic resource potential is likely or economic interests are likely to flow into the Government accounting entity; (b) the economic resources of cost or value can be measured reliably.

30th asset measurement attributes include historical cost, replacement cost, current value, fair value and the nominal amount.

In historical cost of assets in accordance with the cash paid for the acquisition amounts paid or the fair value of the consideration.

Under replacement cost measures, asset follow the buy now the same or similar assets have to be paid the cash amount.

Under the present value measurement of assets as expected from its use and eventual disposal of future net cash inflows generated by the discount amount.

Under the fair value measurement, assets in accordance with market participants at the measurement date occurs in the orderly transaction of sale price received by measurement.

Measurement above cannot be used, by nominal amount (that is, 1 Yuan).

31st Government accounting entity in the measurement of assets shall, in General, using the historical cost.

By replacement cost, current value, fair value measurement, shall determine the amount of assets to ensure the continuous, reliable measurement.

32nd project meets the definition of assets and asset recognition criteria should be included in the balance sheet.

33rd liabilities liabilities in section II refers to the accounting of the Government's past economic business or events, is expected to lead to economic resource outflows principal a present obligation of the Government accounting. Present obligation refers to the Government accounting entity's obligations under the current conditions.

Obligations for future transactions or events occurred does not belong to the present obligations, should not be recognized as liabilities.

34th Government accounting entity's liabilities in accordance with liquidity, are divided into current and non-current liabilities.

Current liabilities are expected within 1 year (1 year) repayment liabilities include accounts payable and accounts receivable payable, wages payable, payments and so on.

Refers to non-current liabilities current liabilities other than liabilities, including long-term payable, government bonds and debts of State guaranteed by law.

35th in line with obligations under the 33rd article of the code definition, in both of the following conditions are recognized as liabilities: (a) the performance of the obligation may well lead to service potential outflow of economic resources or economic benefits the Government accounting entity; (b) the amount of the obligation can be measured reliably.

Article 36th liabilities measurement attributes include historical cost, current value and fair value.

Under the historical cost, liabilities according to the existing obligations for the actual amount received amount or assets, or to assume existing obligations of the contract amount, or to pay off debts expected cash needs measures.

Under the present value measurement of debt expected to be repaid within the time limit the amount of discounted future net cash outflow metering.

Under the fair value measurement, liability in accordance with market participants at the measurement date occurs in orderly transactions, price to be paid by measurement of transferred liabilities.

37th Government accounting entity in the measurement of liabilities shall, in General, using the historical cost.

Present value, fair value measurement, shall determine the amount of debt to be sustainable, to ensure the reliable measurement.

Article 38th items that meet the definition and recognition criteria should be included in the balance sheet.

39th section III net assets net assets refers to the Government accounting net assets after deducting all its liabilities.

　　40th net assets amount depends on the measurement of assets and liabilities.

41st net assets items shall be included in the balance sheet.

Fourth quarter revenue 42nd income referring leads to government accounting entity's net assets increased during the reporting period, containing service potential inflows of financial resources or economic interests.

43rd revenue recognition shall meet the following conditions: (a) contains service associated with income potential or economic interests of the economic resources that are likely to flow into the Government accounting entity; (b) the service potential resource flows, or economic interests could lead government accounting entity assets increase or liabilities; (c) into the amount can be measured reliably.

44th satisfies the definition and recognition criteria of income items shall be included in the statement of income and expense.

Fifth section 45th costs means led to government accounting entity's net assets decreased during the reporting period, containing service potential outflow of economic resources or economic interests.

46th cost acknowledgment shall meet the following conditions: (a) and costs related to the services potential economic resources or economic interests are likely out of the Government accounting entity, (ii) service potential outflow of economic resources or economic interests leads to government accounting entity assets or increase in liabilities (iii) out of the amount can be measured reliably.

Fee for 47th satisfies the definition and recognition criteria of projects should be included in the statement of income and expense.

The fifth chapter of the Government report on the accounts of 48th government accounts and financial reporting government accounting annual report reflects budget performance results file.

Government accounting report should include financial statements and other related information should be reflected in the report on the accounts and information.

The specific content of the report on the accounts of the Government and the preparation of requirements, shall be determined separately by the Ministry.

49th government financial report reflects the Government accounting date of a particular financial situation fiscal period and file operation and cash flow information.

Government financial report should include financial statements and other related information should be disclosed in the financial report and information.

50th government financial report includes the consolidated financial report and financial report of the Government.

Refers to the Government's consolidated financial report compiled by the financial Department of the Government, reflected at all levels of the Government's overall financial position, performance and medium-and long-term financial sustainability report.

Financial report of the Government refers to various government departments and units required to prepare financial reports.

51st Government accounting entity financial statements financial status, performance and cash flows of the structured presentation of information.

Including financial statements and notes to the financial statements.

Cost accounting statement should at least include a balance sheet, income statement and cash flow statement.

Government accounting entity shall, in accordance with the relevant provisions to prepare their consolidated financial statements.

52nd balance sheet reflects the Government accounting entity in a particular statement of financial position date.

53rd statement of income and expense is reflected government accounting entity in the accounting period running the report.

54th cash flow statement reflects the Government accounting entity in the accounting period cash and cash equivalents inflows and outflows of the report.

55th note is on the balance sheet, statement of income and expense listed item, cash flow statements and other statements made by the means and not available at any of the reports listed in the description of the project.

Accounts for the 56th Government reporting mainly on a cash basis, is subject to budget-accounting generates data.

Government financial reporting mainly on accrual basis, subject to the financial accounting data.

Accounting for the sixth chapter supplementary articles article 57th referred to in these guidelines, including the accounting confirmation, calculation, recording and reporting all aspects covering prepare accounting vouchers, account books, the preparation of reports.

58th article referred to in this guideline budget accounting, refers to the cash basis of accounting entity all occur in the implementation of the budget of the Government income and expenditure accounting, mainly reflecting and monitoring of the implementation of budget revenue and expenditure accounting.

59th financial accounting referred to in these guidelines, refers to the accrual basis of accounting entity of the Government of all its business or accounting matters, mainly reflecting and accounting entity overseeing the Government's financial status, operation and cash flow accounting. 60th cash system referred to in these guidelines refers to actual cash receipts and payments for the flags to determine the income and expenditure accounting basis.

In current period actual cash receipts and payments received shall be as current revenue and expenditure; those who do not belong to the current cash income and expenditure, should not serve as the current income and expenditure. 61st accrual mentioned in these guidelines refers to payment made the right or the obligation to pay for the signs to determine the income and cost accounting basis.

Already implemented in the current period income and has or shall bear the costs incurred, regardless of whether the money payment, as revenues and expenses in the current period should be; those who do not belong to the period of revenue and expenses, even if the payment has been received in the current period, and should not, as revenues and expenses in the current period.

The 62nd article of the guidelines come into force on January 1, 2017.

Governmental accounting standards--basic rules chapter I General provisions article in order to standardize the Government's accounting rules, guarantee the quality of accounting information, in accordance with the People's Republic of China accounting law and the People's Republic of China budget law and other relevant laws, administrative regulations, these guidelines have been formulated.

Article II the guidelines apply to all levels of Government, departments and units (hereinafter referred to as government accounting entity).

Referred to in the preceding paragraph the departments and units refers to the level of government financial departments direct or indirect budgetary allocations of State organs, armed forces, political parties, public organizations, institutions and other units.

Army, was included in the financial management system of enterprises and implementation of accounting system in the private, not-for-profit organization of social groups, these guidelines do not apply.

Article formed by budget accounting and financial accounting of government accounting.

Cash system budget accounting, as otherwise provided by the State Council in accordance with its provisions.

Financial accounting implementation of accrual accounting.

Fourth Government accounting standards and its application guide, government accounting system, and so on, should be formulated by the Ministry of finance in compliance with these criteria.

Fifth Government accounting entity shall prepare a final report and financial report. Goal of the report is to report on the accounts of the users on the accounts provide information as to the implementation of the budget of the Government, General Accounting budget reflect the Government's annual results and helps to monitor and report on the accounts of the users management, and provide reference and a basis for the preparation of subsequent annual budget.

The Government report on the accounts of users, including people's congresses and their standing committees, all levels of Government and the relevant departments, government accounting entities themselves, the public and other stakeholders. Objective of financial reporting is to provide users of financial reports provided with the Government's financial position, performance (including operating costs, the same below) and related information such as cash flow, reflects the Government's implementation of the accounting entity public accountability, help users of financial reports to make decisions or to supervise and manage.

Users of financial reports including the Standing Committee of the national people's Congress at all levels of the Government, creditors, Governments at all levels and relevant departments, government accounting entity itself, and other stakeholders.

Sixth Government accounting entity should be in its own business or accounting matters.

Seventh Government accounting information should be prepared on the premise that Government accounting entity continued to run.

Eighth Government accounting should define accounting periods, settlement accounts in stages, in preparation of the report on the accounts and financial reports. Accounting period is divided into annual and monthly at least.

Fiscal year, monthly accounting period ending dates using Gregorian dates. The Nineth Government accounting information should be prepared in RMB as their functional currency.

Foreign currency business, about the foreign currency amount converted RMB amount should be measured and registered foreign currency amounts.

The tenth Government accounting information should be prepared using the double entry method i.e.

Chapter II Government accounting information 11th Government accounting entity should be based on actual business or accounting matters on the basis of objectively reflect the situation and results of the accounting elements and accounting information is accurate and true.

12th Government accounting entity shall all its business or the unified accounting, accounting information accounting can reflect the Government budget implementation and financial position, performance, cash flows, etc.

13th Government accounting provides accounting information should reflect the public accountability of government accounting compliance and report users in the decision-making, management or supervision needs, help report users to government accounting past, present or future situations to assess and predict.

The 14th Government accounting of transactions or events that have taken place, shall promptly conduct accounting, early or delayed.

15th Government accounting provides accounting information must be comparable. The same Government accounting entity of different stages of the same or similar transactions or events, shall adopt uniform accounting policies, may not be altered.

Needed changes, the details, reason and effect of the change should be explained in the notes.

Different government accounting for same or similar transactions or events occurred, consistent accounting policies should be adopted to ensure that accounting information consistent, comparable to each other.

16th Government accounting provides accounting information must be clear and easy to report users to understand and use.

17th Government accounting entity shall, in accordance with economic business or accounting for the substance of the matter, is not limited to, based on economic and business matters or legal form.

Chapter budget accounting accounting elements include elements of the 18th the Government budget budgetary revenues, budget expenditures and budget balances.

19th budget income is achieved by the subject during the budget period in accordance with government accounting and budget management of cash flows.

20th when budgetary revenues actually received confirmation, the amount actually received.

21st budget means that the Government accounting in budget year cash outflows and included in the budget management according to law.

22nd General budgetary expenditure at the time of actual payment confirmation, the actual amount paid.

23rd budget surplus means that the Government accounting entity budgets within the annual budget income after deducting the budget expenditure and fund balance, as well as over the accumulated fund balance.

24th budget balance including balance and closing funds.

Ending balance refers to the yearly budget, budgetary revenues actual number of complete deduction of budget spending and carry-over remaining funds.

Closing refers to the year-end budget projects expenditure of funds has not been completed or for some reason not implemented and funding will continue next year required by the original purposes.

25th on budget revenues, budget expenditures and budget balances of project definition and recognition criteria should be included in the financial statements of the Government.

Fourth chapter of government financial accounting elements 26th government financial accounting are assets, liabilities, equity, income and expenses.

27th first asset asset accounting entity refers to the Government's past economic business or events, accounting entities controlled by the Government, is expected to bring economic benefits or service potential inflows of economic resources.

Service potential is the main asset of government accounting to provide public goods and services to fulfil the potential power of government functions.

Economic benefits flow to the inflow of cash and cash equivalents, or outflow of cash and cash equivalents decreased.

28th Government accounting entity according to the liquidity of the assets into current assets and non-current assets.

Liquidity refers to the expected within 1 year (1 year) consumption or liquidation of assets, including cash, short-term investments, accounts receivable and prepayments, inventories, etc.

Non-current assets are assets other than assets, including fixed assets and construction in progress, intangible assets, long-term investments, public infrastructure, Government reserves, heritage and cultural assets, such as affordable housing and natural resource assets.

29th meet of the 27th article of the code definition of economic resources, if the following conditions are met at the same time, recognized as assets: (a) the service associated with the economic resource potential is likely or economic interests are likely to flow into the Government accounting entity; (b) the economic resources of cost or value can be measured reliably.

30th asset measurement attributes include historical cost, replacement cost, current value, fair value and the nominal amount.

In historical cost of assets in accordance with the cash paid for the acquisition amounts paid or the fair value of the consideration.

Under replacement cost measures, asset follow the buy now the same or similar assets have to be paid the cash amount.

Under the present value measurement of assets as expected from its use and eventual disposal of future net cash inflows generated by the discount amount.

Under the fair value measurement, assets in accordance with market participants at the measurement date occurs in the orderly transaction of sale price received by measurement.

Measurement above cannot be used, by nominal amount (that is, 1 Yuan).

31st Government accounting entity in the measurement of assets shall, in General, using the historical cost.

By replacement cost, current value, fair value measurement, shall determine the amount of assets to ensure the continuous, reliable measurement.

32nd project meets the definition of assets and asset recognition criteria should be included in the balance sheet.

33rd liabilities liabilities in section II refers to the accounting of the Government's past economic business or events, is expected to lead to economic resource outflows principal a present obligation of the Government accounting. Present obligation refers to the Government accounting entity's obligations under the current conditions.

Obligations for future transactions or events occurred does not belong to the present obligations, should not be recognized as liabilities.

34th Government accounting entity's liabilities in accordance with liquidity, are divided into current and non-current liabilities.

Current liabilities are expected within 1 year (1 year) repayment liabilities include accounts payable and accounts receivable payable, wages payable, payments and so on.

Refers to non-current liabilities current liabilities other than liabilities, including long-term payable, government bonds and debts of State guaranteed by law.

35th in line with obligations under the 33rd article of the code definition, in both of the following conditions are recognized as liabilities: (a) the performance of the obligation may well lead to service potential outflow of economic resources or economic benefits the Government accounting entity; (b) the amount of the obligation can be measured reliably.

Article 36th liabilities measurement attributes include historical cost, current value and fair value.

Under the historical cost, liabilities according to the existing obligations for the actual amount received amount or assets, or to assume existing obligations of the contract amount, or to pay off debts expected cash needs measures.

Under the present value measurement of debt expected to be repaid within the time limit the amount of discounted future net cash outflow metering.

Under the fair value measurement, liability in accordance with market participants at the measurement date occurs in orderly transactions, price to be paid by measurement of transferred liabilities.

37th Government accounting entity in the measurement of liabilities shall, in General, using the historical cost.

Present value, fair value measurement, shall determine the amount of debt to be sustainable, to ensure the reliable measurement.

Article 38th items that meet the definition and recognition criteria should be included in the balance sheet.

39th section III net assets net assets refers to the Government accounting net assets after deducting all its liabilities.

　　40th net assets amount depends on the measurement of assets and liabilities.

41st net assets items shall be included in the balance sheet.

Fourth quarter revenue 42nd income referring leads to government accounting entity's net assets increased during the reporting period, containing service potential inflows of financial resources or economic interests.

43rd revenue recognition shall meet the following conditions: (a) contains service associated with income potential or economic interests of the economic resources that are likely to flow into the Government accounting entity; (b) the service potential resource flows, or economic interests could lead government accounting entity assets increase or liabilities; (c) into the amount can be measured reliably.

44th satisfies the definition and recognition criteria of income items shall be included in the statement of income and expense.

Fifth section 45th costs means led to government accounting entity's net assets decreased during the reporting period, containing service potential outflow of economic resources or economic interests.

46th cost acknowledgment shall meet the following conditions: (a) and costs related to the services potential economic resources or economic interests are likely out of the Government accounting entity, (ii) service potential outflow of economic resources or economic interests leads to government accounting entity assets or increase in liabilities (iii) out of the amount can be measured reliably.

Fee for 47th satisfies the definition and recognition criteria of projects should be included in the statement of income and expense.

The fifth chapter of the Government report on the accounts of 48th government accounts and financial reporting government accounting annual report reflects budget performance results file.

Government accounting report should include financial statements and other related information should be reflected in the report on the accounts and information.

The specific content of the report on the accounts of the Government and the preparation of requirements, shall be determined separately by the Ministry.

49th government financial report reflects the Government accounting date of a particular financial situation fiscal period and file operation and cash flow information.

Government financial report should include financial statements and other related information should be disclosed in the financial report and information.

50th government financial report includes the consolidated financial report and financial report of the Government.

Refers to the Government's consolidated financial report compiled by the financial Department of the Government, reflected at all levels of the Government's overall financial position, performance and medium-and long-term financial sustainability report.

Financial report of the Government refers to various government departments and units required to prepare financial reports.

51st Government accounting entity financial statements financial status, performance and cash flows of the structured presentation of information.

Including financial statements and notes to the financial statements.

Cost accounting statement should at least include a balance sheet, income statement and cash flow statement.

Government accounting entity shall, in accordance with the relevant provisions to prepare their consolidated financial statements.

52nd balance sheet reflects the Government accounting entity in a particular statement of financial position date.

53rd statement of income and expense is reflected government accounting entity in the accounting period running the report.

54th cash flow statement reflects the Government accounting entity in the accounting period cash and cash equivalents inflows and outflows of the report.

55th note is on the balance sheet, statement of income and expense listed item, cash flow statements and other statements made by the means and not available at any of the reports listed in the description of the project.

Accounts for the 56th Government reporting mainly on a cash basis, is subject to budget-accounting generates data.

Government financial reporting mainly on accrual basis, subject to the financial accounting data.
Accounting for the sixth chapter supplementary articles article 57th referred to in these guidelines, including the accounting confirmation, calculation, recording and reporting all aspects covering prepare accounting vouchers, account books, the preparation of reports.

58th article referred to in this guideline budget accounting, refers to the cash basis of accounting entity all occur in the implementation of the budget of the Government income and expenditure accounting, mainly reflecting and monitoring of the implementation of budget revenue and expenditure accounting.

59th financial accounting referred to in these guidelines, refers to the accrual basis of accounting entity of the Government of all its business or accounting matters, mainly reflecting and accounting entity overseeing the Government's financial status, operation and cash flow accounting. 60th cash system referred to in these guidelines refers to actual cash receipts and payments for the flags to determine the income and expenditure accounting basis.

In current period actual cash receipts and payments received shall be as current revenue and expenditure; those who do not belong to the current cash income and expenditure, should not serve as the current income and expenditure. 61st accrual mentioned in these guidelines refers to payment made the right or the obligation to pay for the signs to determine the income and cost accounting basis.

Already implemented in the current period income and has or shall bear the costs incurred, regardless of whether the money payment, as revenues and expenses in the current period should be; those who do not belong to the period of revenue and expenses, even if the payment has been received in the current period, and should not, as revenues and expenses in the current period.

The 62nd article of the guidelines come into force on January 1, 2017.