Discussion on the Cost Accounting Work under New Financial System for Colleges and Universities

DOI

10.2991/msmi-17.2017.2How to use a DOI?

Keywords

cost accounting; accounting mechanism; financial system for colleges and universities

Abstract

Cost accounting helps colleges and universities to improve their management and efficiency and it is also the priority of educational reform among those high institutions. "Financial System for colleges and universities" issued by Ministry of Finance in 2013 plays a leading role in guiding the cost accounting for colleges and universities. In this paper, cost management is detailed explained under new Financial System for colleges and universities. It proposes that the prerequisite for cost accounting is to introduce accrual system. The concept of Costs, fees and expenses should be clarified and the content of expense accounting also needs to be specified. It proposes specific measures to convert expenditures to expenses and it also proposes to establish mechanism to check expense and expenditure and to establish cost reporting system on the basis of classification, collection and allocation of costs, fees and expenses. In summary, the paper brings forward practical ways and methods for cost accounting in colleges and universities.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Linhong Gong
PY  - 2017/06
DA  - 2017/06
TI  - Discussion on the Cost Accounting Work under New Financial System for Colleges and Universities
BT  - Proceedings of the 2017 International Conference on Management Science and Management Innovation (MSMI 2017)
PB  - Atlantis Press
SP  - 6
EP  - 9
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-17.2017.2
DO  - 10.2991/msmi-17.2017.2
ID  - Gong2017/06
ER  -