Contribution of Public Financial Accounting to Transparency and Accountability to Realise Good Governance

Abstract

This research aims to analyse the role of public financial accounting in improving the transparency and accountability of government financial management, as part of efforts to achieve good governance. The method used in this research is qualitative with a descriptive analysis approach based on secondary data, which includes literature review, documents, and related reports. The results show that public financial accounting plays an important role in improving the transparency of government financial management through several aspects, such as the preparation of reliable financial reports, the application of information technology in the accounting system, and the implementation of independent external audits. In addition, public education on accounting principles and public financial management is proven to increase public awareness of their right to obtain clear and accurate financial information. Public involvement in budget management oversight also strengthens government accountability, creating more effective social control. The findings of this study confirm that public financial accounting, both in terms of report transparency and public oversight, has a significant role to play in supporting the creation of transparent, accountable and people-orientated governance. Therefore, the development and implementation of community accounting needs to be strengthened as an instrument to improve the quality of governance in Indonesia.