Government Financial Statistics System (GFS) and its role in developing the government accounting system and enhancing the effectiveness of supervision in centrally funded units

Abstract

The study aims to shed light on the government's accounting system applied and the possibility of developing proposals to develop it so as to ensure its improvement and its ability to PAS in the service of government units, and measure the cost of government activities and programs that are implemented to know the truth about their paybacks and revenue in community service, and to achieve that the researcher has relied on the use of system "GFS" and its application in some service units of government, which will help them in how to use financial resources efficiently through the quality of accounting information, this system in the financial statements to reflect the predictability in shaping the fiscal policy of the state through government programs and activities, as well as highlight the role of censorship Finance in the development of government performance by identifying weaknesses in order processed quickly in order to avoid wastage and loss of public money, which contributes to the utilization of available state financial resources effectively and efficiently. It has been concluded that the failure of government accounting system applied in terms of outcomes does not meet all the needs of report users of financial statements of government in providing information that will help their users in question the government about the accountability for entrusted them as well as in wise decision-making to limit the development obstacles that come in the forefront of financial and administrative corruption and misuse of available resources and the difficulty of government performance assessment objectively. The full application of the "GFS" system is an important financial tool of public financial management, however, about the implementation of government programs and activities that support economic development through improved financial performance, and optimal use of available resources and by providing useful information that will help in pursuing government unit operations, therefore the researcher has recommended the need to "GFS" system applied fully to the development of accounting and audit work environment through the replacement of financial reports and records prepared offline reports and records of accounting other fit "GFS" system, which is more reflective and clearer about the situation and financial performance of the unit by providing more relevant information and useful to meet as much as possible the needs of different users of information and private auditors to track unity government operations and evaluate its financial performance