College of internal control of financial management

Abstract: University College Financial management is an important part of internal management, and internal control and financial management of universities is to protect the target of an important guarantee for effective implementation. This close connection with the university financial management of the actual situation of internal control, financial management of the current internal control university The main problems and strengthening financial management methods and measures of internal control conducted a careful study.

Keywords: college financial management, internal control, problems and responses to

With the vigorous development of China's higher Education, university finance departments in charge of the increasing scale of funding for Education, college financial management, internal control more important. College Financial Internal Control is to control the financial activities in University specific application, Colleges and Universities Financial control is the use of the basic principles of control theory and methods of the financial activities of university science norms, constraints, evaluation and a series of methods, techniques, procedures and general idea to achieve the University's financial activities of the effective realization of the intended target.


Financial management of a current university major problems of internal control

In recent years a few universities for funds paid insufficient attention to safety management, financial management, internal control system is not perfect or poorly enforced, leading to school problems in financial management and risk. This gives criminals Colleges and Universities of corruption, embezzlement, illegal seizure of property act made easier for the corrupt conduct, or even bring criminal opportunity. University of corruption occurred in the field of financial management of criminal cases is generally the person in charge, chief financial officer, or general financial officers use financial management loopholes, Tanzhan, misappropriation of university funds or even dividing. Most of these problems lax internal controls and financial management, supervision has a direct relationship is not in place .. Although most colleges and universities established the system of internal accounting controls, and most universities attach great importance to the internal control system, but the specific implementation of it, and unsatisfactory, the specific performance:
(A) of the internal control system is not perfect, corruption, embezzlement occurred from time. In recent years, although some universities in accordance with the requirements of the Ministry of Finance and Ministry of Education have established a system of internal accounting controls related to, but the relative lack of scientific rationality, and principled, operational weak. a number of units equivalent to certain rules and regulations of the internal control system, the internal control system is not perfect, not even establish the appropriate self-protection, self-restraint of the internal control systems and mechanisms, resulting in the existence of financial control many loopholes, accounting information, financial management order in chaos.

(B) low quality of financial staff, ineffective financial systems, financial supervision and a mere formality. As some of the new university college in particular the lack of management experience, financial officers, coupled with lower quality financial officers, financial rules and regulations are not sound, internal accounting controls system is difficult to be most effective. some of its provisions remain in the document or more words, even if a problem is always major issues to minor ones, the internal control system exists in name only. to prevent financial problems should be the last barrier of financial supervision, The functions of financial supervision by the higher authorities or the general prosecution to perform the audit. Some universities and higher authorities negligent in auditing and supervision departments to check on the lower level and supervision of the financial sector, especially some of the higher authorities of private universities without supervision, resulting in individual College financial supervision mere formality.

(C) relaxation of the financial management system, cash management system is not strict. Some universities do not follow the approval of funding for reimbursement procedures, income is not recorded, and even set up extra accounts for the financial staff to provide the opportunity of corruption and embezzlement of public funds. There University cash management system is not strict, arbitrarily expand the scope of the cash used to increase the financial risk of difficulty. reposted elsewhere in the Research Papers Download http://www.hi138.com two money management internal control objectives of the specific methods and countermeasures

(A) to strengthen the division of labor jobs, the control key. Staffed with qualified personnel, the periodic rotation. Universities should handle the funds of persons with both ability and integrity services. For monetary funds business should have a good work ethic, dedication, integrity , compliance, objective and impartial, competent work requires the expertise of job, policy and operational capabilities - through self-cultivation, self learning, training, and continuously improve their professional and ethical standards and professional quality. To this end, shall establishment of relevant personnel selection, training, assessment, incentives, promotion. Job rotation system to ensure that the financial management ability and political integrity. On the accountants to regular rotation, accountants swap positions, subject to the regulation of transfer procedures, so that the former is unclear, after not answer.

(B) the establishment of funds business of personal responsibility, to ensure that incompatible duties are separated. In order to prevent corruption and misappropriation of the cashier, the cashier shall not concurrently auditing, accounting, record keeping, general ledger and income, expenses, debt, debt ledgers registration, etc. Otherwise, the line will increase the cashier for the opportunity of private fraud and increase cashier conceal corruption, fraud possible. the establishment of funds business, personal responsibility, clear responsibilities of relevant departments and job rights, to ensure that funds services for separated incompatible positions , mutual restraint, mutual supervision, not by one person for the whole process of financing business.

(C) establish and improve the cash inventory and bank reconciliation system. Teller to consciously carry out regular reconciliation of work. Including the end of business day, the cash balances in line with the reconciliation of cash journal, receipt and payment of funds to ensure the accuracy of the currency. Monetary fund cashier should be the security, integrity is directly responsible. At the same time, the unit should pay attention to the cash inventory, to establish a regular or irregular cash inventory system. financial officer or internal auditors at least once every quarter surprise cash count, identify problems, leading to timely report to the school or make recommendations to ensure the Money Control Normal University High.

(D) strengthening the management of seals and important gaps in evidence. University issued a check and seal custody custody must be implemented using the division of labor. A blank check can not be signed and sealed in advance. College financial seal kept by hand, personal name badges must by me or special care of the person authorized. non-payment required for one full custody seal. seal must have a financial officer with written authorization, you must be registered in detail, and require the use of seals to the person who signed and sealed by the provisions of Need signed and sealed by the economic and business people must be strict compliance with the signature or seal procedures. financial management personnel changes, timely collection of the seal should be.

(E) specification funds collection and payment procedures, and strictly act according to the financial norms. Universities should be issued by the Ministry of Finance <<Internal Accounting Control Standards - Monetary Fund>> The following procedures prescribed monetary funds to pay for business:
(1) The application for payment. The department or personal use of funds, shall advance to submit to the approval of funds to pay money to apply, indicating the use of funds, amount, budget, payment method, etc., together with effective economic contract or relevant evidence.

(2) the payment approval. Approver should be in accordance with its responsibilities, powers and procedures for the payment of the appropriate application for approval. Do not meet the requirements of the monetary funds to pay application and approval shall refuse to approve.

(3) pay review. Review shall apply for approval to pay careful review.

Review applications for approval of payment of the scope, authority and procedures are correct, procedures and related documents are submitted, the amount of calculation is correct, payment, payment of the appropriateness of such units. After review by the cashier for payment of correct procedures. For the review found approval issues, should be brought for approval to remedy, the approval of people not corrected, the person in charge shall report, request written instructions to deal with it. fill in the payment of incorrect application, the applicant should be required to re-fill and handling examination and approval procedures. of criminal acts are also obliged to report to the relevant state departments.

(4) for payment. Teller should be based on payment of the application review and correct preparation of the proof of payment and accounting, according to the approved amount, payment, payment procedures for payment units, should be proof of payment after payment is completed add cover "paid" chapter, while the cash register and bank deposit, or for payment or collection procedures for compensation claims.

(Vi) improving the school finance staff overall quality. Universities every financial activity is conducted by people initiate, operate and control, and its effectiveness depends mainly on people's knowledge, wisdom and human effort. So should establish people-oriented concept , to achieve understanding, respect, the incentives and constraints on people first, to establish responsibilities, rights and benefits of combining the financial operation mechanism, give full play and explore human potential, and arouse people's creativity, enthusiasm and awareness . efforts to improve the operational capacity of financial management, strengthening the professional ethics of accountants and financial discipline, financial and economic policies of Education, to further improve college financial employment system, greatly improve the working abilities of accountants and business level. reposted elsewhere in the Research Papers Download http: / / www.hi138.com