<p>　Local public accounting reform has been promoting for the purpose of reforming assets and liabilities, among other purposes, but studies in Japan that have quantitatively analyzed the effects of this reform has focused only on whether financial statements are prepared or not. This study conducts a quantitative analysis on the effects of local public accounting reform initiated in 2006 by the Ministry of Internal Affairs and Communications (MIC), focusing not only on whether financial statements are prepared, but also on how the financial statements are utilized and the status of preparation for fixed asset ledgers. The results of the analysis using panel data of municipalities from FY2010 to FY2014 or from FY2011 to FY2015, revealed that the use of financial statements by local governments to set fiscal management targets is effective in controlling the increase in primary expenditures in such local governments, and that the preparation of fixed asset ledgers by local governments as a part of the process of preparing financial statements is effective in controlling the rise in expenditures on ordinary construction works.</p>