Government Accounting is to provide useful information for users to supervise the government's best allocation of limited resources, also to evaluate whether the government follow the public accountability, operational accountability, financial accountability, and inter-period equity. Accounting treatment and financial reporting should follow basic assumptions, recognition of financial statement elements and basic accounting principles. Since 2013, the Directorate General of Budget, Accounting and Statistics (DGBAS) has used the International Public Sector Accounting Standards (IPSASs) as a reference point and studied the practices of advanced countries such as the United States, New Zealand, Australia, and Japan to reissue governmental accounting bulletins and related accounting regulations, which were implemented successively starting from 2016. Due to the amendment of the Accounting Act in November 2019, which deleted Article 29 regarding government properties and fixed liabilities not being included in the balance sheet, DGBAS revised and officially implemented related accounting bulletins and regulations on January 1, 2020, in order to link up with the world by using accrual basis to enhance the accounting treatment of public agencies, special revenue fund, debt service fund, and capital project fund. In the future, DGBAS will continue paying attention to the development trend of international government accounting theory, accelerating government accounting, and strengthening the quality of accounting information.