Student fees accounted for the reconstruction of income accounts

[Abstract] article representative of current college students several payment of income accounts described accounting adjustment programs, the current accounts proposed in the university accounting system, by increasing the relevant accounting items, to amend the relevant accounting entries in the University Student fee revenue accounting accounting reconstruction programs, combined with practical case illustration of the program.

[Keywords:] colleges and universities; student fee income; accounting accounting; reconstruction

Student fee income (fees, accommodation etc) Non-tax revenue as a university subject, along with college enrollment continues to expand, the existing accounting college accounting programs are unable to adapt to the needs of internal management, while bringing a large number of enrollment debt, also led to external stakeholders the actual solvency of college attention. income is an important basis for the solvency strength of the student fee income as an important source of income college part of their authenticity, integrity of protection of external stakeholders a comprehensive understanding of university income is significant. The current financial statements can provide college students pay income information is incomplete, to get university external stakeholders a comprehensive understanding of university income, we must Student fee revenue on existing accounts college accounting programs for redevelopment.


I. Summary

To meet the University and the community needs of all stakeholders, national higher education sector management theory experts and scholars on the issue of fee income college students a great deal of theoretical Research, accounting accounts representative summarized the following three types of reconstruction programs.

1. Hebei University of Engineering Guo Li Xing, Wang Lili pointed out that the "cash basis" as the basis of accounting, can not meet the university's current financial management needs, can only reflect the amount of tuition fees received and turned over to finance the amount of non-payment of tuition fees does not reflect the students amount of easily forming sheet assets. They made a "accrual", added, "tuition fees payable" account. in their programs through the "tuition fees payable" subject to solve the income and student fees receivable delinquent accounts of income accounting issues, but did not further elaborate the specific tuition finances turned over to the accounting treatment, and further proposes that the university has not actually temporary funds in the fiscal accounts and the accounting issues reflected in the report, is not conducive to report using who fully understand the true business and financial condition of assets; also proposed a "accrual" to replace the revenue accounting college students pay the "cash basis" accounting does not meet the accounting basis of the Present, do not have real operational sex.

2. Chongqing Technology and Business University, Chen Jie, Liu Xin pointed out that the child shall be accounted for part of the introduction of Accounting "accrual basis", the "accrual" and "cash basis" combination, according to the different nature of different economic activities or different confirmed basis. They proposed fee income accounts in order to "accrual" basis for accounting, additional "fees due" subjects. in their programs the same as "accrual" basis, which on the basis of the previous program gives tuition finances turned over to the specific accounting entries, but still is "accrual" to replace the revenue accounting college students pay the "cash basis", while still College is not for temporary funding in the fiscal accounts and university business income actually realized how to reflect such issues given solution.

3. Guizhou Institute of Finance Tangxian Yong, Luo Bing pointed out that the substance over form in accounting principle, the university students deposit payment in the fiscal accounts and other extra-budgetary revenue is essentially its own funds colleges and universities, must pass a certain accounts accurately reflect the accounting method to ensure the authenticity of college and integrity of financial statements. They do not change the accounting basis proposed under the premise of the current "cash basis" minor modifications, additional "financial accounts section," "temporary keep fiscal accounts "subject. They did not change the program in the College existing" cash basis "accounting basis, through the" Financial accounts shall "and" temporary financial accounts, "reflected the financial accounts stored in the university funds and university business income actually realized, but the program did not give their student fee revenue and arrears due from the accounts of revenue accounting solution to the problem.


Second, the program built

(A) the ideas and programs
Through the analysis of the Research point of view described, I believe that fee income college students (mainly tuition and accommodation) accounting accounting should focus on reconstruction can be solved mainly in the following aspects: (1) to solve the payment due from students delinquent accounts of income and accounting income, as well as real-time, provide accurate accounts tuition fees, accommodation and received tuition, housing and non-payment of tuition fees, accommodation and other related data; (2) to meet current University under the premise of the accounts of accounting principles, both to improve the reliability of accounting information related to, but also have the maneuverability and ease of reality; (3) addressing fiscal accounts reflect the university's deposits in the state and universities have achieved real business income issues to meet internal management and external university stakeholders of financial information on the authenticity and integrity of the university's requirements.

Under this idea, I propose to maintain "cash basis" accounting principles remain unchanged, and subjects by increasing the accounting adjustments related to accounting entries related to achieve the purpose of solving these problems. Specific programs are as follows: (1) the addition of "should enrollment fee - tuition fees, accommodation, "" financial accounts section, "" temporary financial accounts - tuition fees, accommodation, "and other subjects; (2) adjusting the accounting journal entries, �� scale based on the number of students to be approved school fees, debit "payment due from students - tuition fees, accommodation," credited to "fiscal accounts payable", �� officially received tuition fees, debit "bank" credit "payment due from students - tuition, accommodation ", �� turned over to finance tuition receipt, debit" fiscal accounts payable "credit" bank deposits ", while debit" financial accounts under "credit" temporary financial account - tuition, accommodation ", �� If students drop out, fee remission, the Scarlet Letter debit" payment due from students - tuition fees, accommodation, "credited to" fiscal accounts payable "subject, �� the reversal of financial account money, the debit "temporary financial accounts - tuition fees, accommodation," credited to "financial accounts section," while debit "bank" credit "business income - tuition fees, accommodation."
(B) the reasons for
1. "Payment due from students - tuition fees, accommodation" subject students should pay the borrower the amount of occurrence amount, credit amount students actually pay the amount occurs, the balance for students to pay the amount owed. And "Financial payable account "credit happens to be turned over to the fiscal year amounted to the school of the income, the borrower paid the actual occurrence of the financial year amounted to the school the amount, the balance should be collected for the school but have not received the amount outstanding. through the setting of the course at any time and accurate grasp due tuition, lodging, received tuition, accommodation and non-payment of tuition fees, accommodation and other data to facilitate reconciliation with the student management, and timely reminders to non-payment of tuition fees, accommodation and other student fees payable.

2. Through the "financial account under" settings to meet the statements of subjects to understand the user through the statements of university funds deposited in financial accounts, complete a comprehensive understanding of the actual financial situation of universities, through the "temporary financial accounts - tuition fees, accommodation and other "subjects setting, report the user can learn the cause of university income has been actually achieved, the actual cause of the realized income of business income = financial accounts + payable + temporary financial accounts. At the same time set by the two does not violate Subject to the provisions existing under the management of extrabudgetary funds, but also to ensure the overall balance of the report, namely: assets + expenses = liabilities + net assets + income.

3. Such as the use of "accrual" to replace "cash basis", is bound to cost of revenues related to accounting changes and other items such as a chain reaction that changes in accounting basis is a systematic project, not half past one will be completed. the author of "cash basis" by adding on the basis of "payment due from students - tuition fees, accommodation," "financial accounts section," "temporary financial accounts - tuition fees, accommodation, etc." and did not set and the associated costs, cost, revenue and other changes in equity accounting subjects in the current accounting system accounts under the university has strong maneuverability and simplicity, do not need to wait until after college in the future to change the accounting basis be implemented, it can operate, has a strong practical significance.


Third, the case demonstrates

Case: in 2009 the scale of college students in a total of 20,000, estimated by the 2009 school finance receivables undergraduate tuition 6000 million, accommodation 1 500 million in graduate tuition receivable 4 000 million, accommodation 1 000 million; actual undergraduate university tuition fees received in 2009 5 500 million, accommodation 1 400 million for graduate tuition 3 800 million, accommodation 9,000,000 yuan; the school in 2009 will actually receive All tuition and accommodation fees paid to financial accounts; undergraduate school in 2009 the actual reduction, 50 million withdrawal fee, accommodation 30 million; the financial sector back to 2009, undergraduate tuition the school allocated 4 000 million accommodation 1 200 million in graduate tuition 3 000 million, accommodation 8 million yuan. Please matters related to the accounting entries of the establishment.

(A) accounting method of the Present
1. Receipt of tuition fees, accommodation when
By: bank deposits 11 6 million yuan
Credit: fiscal accounts payable - 500 million undergraduate tuition 5
- 3 8 million yuan Graduate Tuition
- 1 4 million yuan Undergraduate Accommodation
- Postgraduate Accommodation nine million yuan
2. Handed over when the fiscal accounts
By: fiscal accounts payable - 500 million undergraduate tuition 5
- 3 8 million yuan Graduate Tuition
- 1 4 million yuan Undergraduate Accommodation
- Postgraduate Accommodation nine million yuan
Credit: 6 million yuan bank deposits 11
3. Financial return call when the tuition and accommodation
By: bank deposits 9 000 million
Credit: Business Income - Undergraduate tuition fees 4 000 million
- Graduate Tuition 3 000 million
- Undergraduate accommodation 1 200 million
- Postgraduate Accommodation eight million yuan Links to Research Papers Download http://www.hi138.com (b) of the revised accounting method under the program
1. Approved tuition and accommodation fees receivable
By: Student fees receivable - Undergraduate tuition 6 000 million
- Graduate Tuition 4 000 million
- Undergraduate accommodation 1 500 million
- Postgraduate Accommodation 1 000 million
Credit: 125 000 million financial accounts payable
2. Actually received by the tuition fees, accommodation
By: bank deposits 11 6 million yuan
Credit: Student fees receivable - 500 million undergraduate tuition 5
- 3 8 million yuan Graduate Tuition
- 1 4 million yuan Undergraduate Accommodation
- Postgraduate Accommodation nine million yuan
3. Actually received fees turned over to finance accommodation
By: 11 6000000 yuan financial accounts payable
Credit: bank deposits 11 600 million
At the same time by: financial account paragraph 11 6 million yuan
Credit: temporary financial accounts - 500 million undergraduate tuition 5
- 3 8 million yuan Graduate Tuition
- 1 4 million yuan Undergraduate Accommodation
- Postgraduate Accommodation nine million yuan
4. Relief, to withdraw from
By: Student fees receivable - Undergraduate tuition -50 million
- Undergraduate accommodation -30 million
Credit: -80 million financial accounts payable
5. Fiscal accounts back money
By: temporary financial accounts - 000 million undergraduate tuition 4
- Graduate Tuition 3 000 million
- Undergraduate accommodation 1 200 million
- Postgraduate Accommodation 8 million yuan
Credit: Section 9 000 million financial accounts
At the same time by: bank deposits 9 000 million
Credit: Business Income - Undergraduate tuition fees 4 000 million
- Graduate Tuition 3 000 million
- Undergraduate accommodation 1 200 million
- Postgraduate Accommodation 8 million yuan

IV Conclusion

The author demonstrates through a case analysis shows that in the current accounts on the basis of accounting, by increasing the relevant accounts, revision of the related accounting entries and other measures to carry out the process of college student fee revenue accounting accounting program renewal to the existing conditions of to meet the university administrators in universities and student fees revenue management expectations of external stakeholders through the statements true and complete understanding of university income funds the reality of the scale and urgent need. ��

[References]
[1] Guo Li Xing, Wang Lili. Crux of University Accounting System and the Solutions [J]. ACCOUNTING, 2007 (3).

[2] Chen Jie, Liu Xin Young. Of College Accounting System and the Reform of the problems [J]. ACCOUNTING, 2008 (6).

[3] Tang Xianyong, Luo Bing. "Substance over form" quality requirements of revenue recognition in the college application [J]. Business Accounting, 2007 (04). Links to Research Papers Download http://www.hi138. com