Settlement Centre of University funds the operation of risk prevention and control

[Abstract] college fund settlement center operations during the course of business, lurks a lot of risks. This Settlement Centre of University funds for the operation of the process of facing and the causes of risk analysis, the corresponding preventive measures and control measures, for Higher reduce operational risk capital to promote the smooth development of university Education, with some reference value.

[Keywords:] universities, settlement center, financial operations, risk prevention, risk control

With the continuous development of our colleges and universities, are engaged in settlement center of various economic activities are more frequent. In the course of the operation of funds, university clearing house will face many risks. How to conduct a comprehensive operational risk capital to prevent and control to ensure the operation of university funds The safety and effectiveness have become leaders and university financial staff problems to be solved. these risks has generated deep structure and system and other reasons. Therefore, attention should be strategic, overall prevention. a comprehensive financial management and build framework for risk prevention, thus reducing the operational risks of university funds to promote the smooth development of university Education.


First, the risk of the operation of university funds and into a park

(A) the risk of loan liabilities of Universities
Since 1999, college enrollment has been expanded to allow loans to financial institutions. Thus, many colleges and universities to seize the opportunity to exponentially expand the university scale, a few acres of land for school construction levy. The national investment in Education can not meet the requirements of university expansion the huge financing gap can only rely on bank loans. According to the information we know that the end of 2005, the Ministry of Education, 76 colleges and universities directly under the loans as high as 33.6 billion yuan, the amount of 440 million yuan lending, and the 76 universities in total income is 656.66 billion, per capita income reached 864 million yuan schools .2007 Total liabilities 2,500 National University billion, and the tendency to expand. Although college loans to its development has brought vigor and vitality, but the huge amount of principal and interest payments will also enable universities face severe pressure and financial risk of repayment.


(B) the financial position of universities there is the risk of the overall imbalance
As institutions of higher learning institutions, its financial position and business performance of the imbalance is different, the phenomenon is unlikely to bankruptcy, but its liquidity shortage is possible, there can not be paid on time allowance for staff salaries, daily spending serious money shortages and so on.


(C) the existence of financial risk run enterprises
University Enterprises in China's main roles: first, to promote the transformation of scientific and technological achievements, the second is revenue for the school to make up for lack of funds. However, there is the management level of enterprises run far, compared with the number of enterprises in society, therefore, although the university company more, but less profitable, the closure of many loss. schools as investors run enterprises, on the school-run enterprises should bear the main responsibility. Once the school-run enterprises in bankruptcy, financial situation will impact the school, the formation of the school financial risk .


(D) international economic situation, the risks posed by
International and economic development of neighboring countries an important influence on China's economy will certainly benefit our colleges and universities and the development impact In 2009 the international financial turmoil on China's universities have a significant impact. The face of financial crisis, should be expanded or tightening the purchase of imported equipment, reduce or avoid the loss of college, so universities maximize benefits.


Second, funds the operation of risk prevention measures

University Settlement Centre by using various methods and measures to prevent the occurrence of operational risk capital, guaranteed funding for the operation of the safety and efficacy plays a vital role.


(A) macroeconomic policy analysis and grasp
Settlement Centre of University funds and the operation of macroeconomic policies by the state a great influence on legal norms. Therefore, in order to circumvent the state's macroeconomic policies and legal norms lead to systemic risk, college financial settlement center should keep an eye and direction of the economic situation at home and abroad of countries have introduced policies and even the upcoming introduction of the background, intent and nature of careful Research and analysis, accurately grasp the spirit of economic policies, improve the ability to advance understanding of policy intentions, so as to grasp the first operation in the capital machine, and will not conflict with the policy occurs.


(B) to enhance staff training in professional ethics Education and skills
University Settlement Center is a place where a high concentration of knowledge, high quality human resources are the important support the development of settlement center. Therefore, recruitment and training talents and talents into full play the role of clearing house of University of considerable importance. University Settlement Centre should be "people oriented", the use of an effective incentive mechanism. has grown high-quality, professional staff.

A clearing house to increase the intensity of staff education and guidance, motivates employees to establish a strong risk management awareness and rule of law, so that risk management into all aspects of business operations.

2 settlement center staff to improve business skills, so familiar with the settlement of relevant laws and regulations, and the country's financial, fiscal and monetary policy, master of financial management and capital operation, financial management knowledge and skills and improve the level of work.

3 step up publicity. To make the investment enterprises to increase the sense of credit, leading to the Settlement Centre to obtain university risk management understanding and support to ensure the smooth implementation of risk prevention measures.

4 establish and improve the staff evaluation, selection, and rewards and other incentive mechanisms, which involves staff enthusiasm. Only when employees have created benefits and rewards directly linked to establish "ownership" spirit, to better mobilize the staff motivation and creativity.

Links to Research Papers Download http://www.hi138.com (c) establish a risk awareness
Operational risk due to funding objective and randomness, and many risks are inevitable, and some risks associated with the diversity and, therefore, to take into account all the risk on the overall effect of clearing house, clearing a comprehensive analysis and study centers are now and possible future risks, take advantage of different risks can offset each other, mutual influence and inter-related characteristics, with risk identification, risk evaluation, risk control, risk management, a set of scientific methods and processes, timely and effective discovery and control of the factors having a negative impact, mining and the development and use of the potential profit opportunity to change the status of conservative and low efficiency.


Third, the financial operation of the risk control measures

Settlement Center of university funds to finance various measures taken during the operation, the risk of control has occurred, the risks and losses to a minimum. In view of the objectivity of university funds and the necessity of operational risks, some risk is inevitable, This requires full control of operational risk capital to reduce, transfer, conversion and compensation for risk. Therefore, in the course of university funds in advance, during and after the control is very important.


(A) the effective implementation of authorization approval system
Currently, many universities blind expansion, control of major investment projects .1 part of the school system is not complete the significant foreign investment although the meeting discussed and approved by the school office, but still is a document for approval, does not consider the Union signed a collective lack of system .2 of the major investment project feasibility study, although some units the feasibility study report, but because of the accounting department involvement is not deep, nor the funds required for investment projects, expected cash flows, investment income and investment and security measure, etc. analysis. In addition, business investment in the project control process did not develop, or content changes in case of projects such as the amount causing a change in the price paid is often a lack of control provisions of the supplementary budget procedure. The above situation is often caused by the high cost of college construction, construction lack of funds, continue to seek new loans to also disregard the old loans fall into high and low financing costs, financing channels, the legality of the vicious circle of compliance. Thus, monetary funds to pay college business strictly in accordance with the application, approval, review, payment procedures important monetary funds to pay for services. must be collective decision-making and approval.


(B) strengthen the settlement center cost management
According to actual needs, should create or choose a scientific and reasonable method of cost management. University Settlement Center has full-cost accounting cost accounting, cost accounting and no cost accounting part of the three methods. Currently used in most universities is part of the cost accounting, But the clearing house will eventually have to implement full cost accounting, all costs must be borne by the clearing house itself should include allowance for staff salaries, equipment acquisition costs, office expenses, travel, staff medical insurance, pension insurance, unemployment insurance, housing funds, the implementation of complete "enterprise management" accounting model.


(C) strengthening of internal audit control
Strengthen internal audit and control, the audit department of University of extremely important and special place. Internal audit department is a comprehensive system of internal control management, internal control is the last line of defense. Give full play to the role of the internal audit function is to enhance the internal control building an important and effective measures. College Fund Settlement Center shall establish an independent internal audit system, which is to ensure that internal audit of justice, fairness and the key prerequisite. internal audit to ensure funds are not only financial security, but also through the establishment of audit risk assessment and tracking system, an effective internal audit to identify potential risks and risk warning to the relevant departments.


IV Conclusion

Through the above analysis, the University Settlement Centre of funds to prevent and control operational risk, reduce operational risks and financial losses caused by the need to strengthen risk awareness, analysis and grasp of economic policy, enhance staff education and skills training in professional ethics must be strengthen the financial risk control, and effectively implement the authority to authorize the system, strengthen financial settlement center cost management, strengthen internal audit controls. With the deepening of practice and knowledge management systems and continuous improvement within a certain range will avoid the maximum reduce the operational risk capital to protect the healthy college fund settlement center operations. to promote the cause of higher education and scientific Research to develop healthily. Links http://www.hi138.com Research Papers Download