Governmental Accounting

When I learned governmental accounting in USCPA examination preparation in 2001, I thought why this system was not been adopted in Japan.
The governmental accounting system has a different focus for measuring accounting than private sector accounting. Rather than measuring the flow of economic resources, governmental accounting measures the flow of financial resources. Instead of recognizing revenue when they are earned and expenses when they are incurred, revenue is recognized when there is money available to liquidate liabilities within the current accounting period, and expenses are recognized when there is a drain on current resources.
Nowadays not only Ministry of Finance but also Tokyo Metropolitan Government have published their financial statements. I do appreciate their tries.
MOF = http://www.mof.go.jp/jouhou/syukei/fstop.htm
TMG = http://www.metro.tokyo.jp/INET/KEIKAKU/2008/09/70i9g200.htm
If the governmental accounting system is regulated in future, budget control will become more smoothly operated and fiscal year concept will be weakened. Unnecessary engineering works at the fiscal year end and wasteful expenditures will be dramatically less. I strongly recommend Liberal Democratic Party or Democratic Party of Japan to adopt it in their manifests.