| Abstract: | This article describes the uniform accounting system adopted by government enterprises in Taiwan. Several key elements of the system including the uniform chart of accounts, uniform accounting procedures, and external financial reports are discussed. Some unique accounting practices and special accounts used in the system are also described. The system is compared with the French and Norwegian uniform accounting systems. Similarities and differences among these systems are highlighted. The paper concludes with an evaluation of the effectiveness of the Taiwanese accounting system.The authors are respectively Associate Professor of Accounting at the University of Calgary and Professor and Chairman of the Department of Industrial Management, National Taiwan Institute of Technology. They are grateful to Professors Herbert L. Jensen and Haim Falk for their helpful comments on earlier versions of this paper. |
