Universities under the new situation of the financial management of innovation

[Abstract] With the economic development and technological advances in the development of universities has become the subject of innovation. As the core of the Financial Management of universities, must keep up with the pace of progress of the times, changing concepts, content update management, and better for the college services, and promote the healthy development of universities. This article is based on the Financial Management of universities is proposed to promote the university Financial Management innovation.

[Keywords:] colleges and universities, Financial Management, innovation of

A general approach to Financial Management of universities

By the author of the management of the general rules of scientific progress, the university management innovation to find general rules to follow to master these rules, for the university to achieve management innovation of great significance. Any progress in the financial management of colleges and universities are at linked to the environment in which the background, which are designed to meet the specific needs of a particular university context.

From the general rule for both the financial management of the objects, methods, or means, its path of innovation with the social and economic development are gradually from lower to higher, from simple to complex. University's financial management is no exception The main manifestations are: �� managed object increase, enrich the connotation of financial management, �� updated management, financial management, tend more and more intelligent, humane and complex, �� management tools continue to improve, from the hand of progressive development of the application of modern information technology, �� continuous extension of the extension of management, and other subjects are getting closer.


2 university financial management of the new situation

(1) education market economy system. The most important characteristics of a market economy is that the market to allocate resources, regulate the combination of factors of production, variable free use of funds for compensation for the use. In the planned economy period, colleges and universities do not have independent legal status , is no existence of financial autonomy. The only source of funding for universities is the country's financial allocation, financial management of colleges and universities are focused on revealing the internal economic activity, reflected in accounting, completed the preparation of financial revenue and expenditure plans. Therefore, the concept of financial personnel in colleges and universities, the financial equivalent of accounting, the accounting is financial.

After the establishment of socialist market economy, especially the socialist modern financial markets is established, the face of the rapidly changing financial markets, financial management of colleges and universities focus will shift to how science funding, investment decisions, how to use financial leverage lower cost of capital, improve economic efficiency, and how to properly assess and minimize the investment risk and so on.

(2) Universities face the trend of economic globalization. With the globalization of international economic development, China's higher education not only by the domestic environment, but also by the international educational environment constraints and challenges. To participate in international competition, strengthening international cooperation, will be College to the inevitable trend of development, but also will promote the international trend of financial management. In particular, the emergence of transnational schools and international exchanges between schools has improved steadily developed, exacerbated this trend.

(3) Colleges to face the knowledge economy era. Into the world economy to a knowledge-based economy is increasingly significant, the total assets of knowledge assets in the higher position and role in the increasingly prominent, increasing knowledge, update, proliferation and accelerate the application a profound impact on all aspects of university management activities, so that financial management at the evolution to a higher level objectives. existing institutions of higher learning generally pursue their own interests and wealth maximization, but with the advent of knowledge economy, universities will shift to the knowledge maximization goals.

(4) Gao Xiao facing e-business promotion. Modern information technology, especially the extensive application of network technology to enable e-commerce environment is taking shape, according to the latest statistics, China's 7.4 billion people in the e-users, business and finance universities management will be undergoing profound changes. based on e-business, teaching management, financial management, marketing and other activities more integration between the Colleges and Universities, the network between the university and external transmission of information on business, financial management had a major impact . the network economy is based on the Internet as a carrier to run the economy in the form, but also the full development of e-business economy. As the number of economic activities, networking, there have been many new media space, such as virtual markets, virtual banks. many of the traditional business mode of operation will disappear, replaced by electronic payments, electronic procurement and electronic orders, business activity will be mainly in the form of e-commerce on the Internet, buying and selling activities of colleges and universities more accessible, more affordable cost. reposted elsewhere in the Research Papers Download http://www.hi138.com 3 University Financial Management under the new situation, innovative approaches to

(1) adhere to the people-oriented financial management innovation. College has been to focus on investment in material resources, the intellectual resources of the operation and management is seen as external factors, it seems that as long as advanced teaching facilities, adequate teaching location and cheap labor, will be able to adapt to the development needs of teaching, this is a wrong concept and method. in the new market economy, intellectual resources, production and management from the initial impact of external factors into the important factors of production, in teaching and management played a leading role in creating the core elements of college by the material wealth of human and intellectual capital to capital, especially reflected in the various universities and innovative intellectual property. Thus, universities must change their ideas: first, only people-oriented university to fully mobilize the enthusiasm of staff, initiative and creativity in order to fundamentally improve the level of university financial management, and secondly, university financial officers to establish a correct sense of risk is only good at observation and face the complexity of the competitive environment in order to scientifically and accurately Prediction markets, once again, both for universities only provide knowledge creation and commercialization of the operating assets, and make full use of intellectual capital in order to maintain profit growth.

(2) Strengthening the financial management of innovation.

In a highly volatile market environment and external college rivalry, how accurate market positioning, seeking development, management colleges and universities is an important issue to study. Thus, universities must carefully forecast in advance, the preparation of the budget, and to evaluate, compare, select, and then make a prudent decision to reduce all possible risk control, as far as possible to avoid uncontrollable risks. Meanwhile, the cost of strengthening the college university financial management activities of control is also an important aspect. determines the cost of college Lirun size, is to improve teaching quality, develop capacities and resilience of the key aspects of universities, colleges and universities must strengthen the financial cost of the responsibility for the Centre's internal management. This requires the use of the financial principles of finance staff, the implementation of cost control in advance, will be decomposition of the overall objectives to their respective universities in all departments, preparation of budget responsibility, to establish responsibility for cost management network system, to stimulate savings behavior of the effective, coordinated management of the scheduled completion of goals.

(3) a reasonable allocation of resources to achieve the financial management of innovation. From the university financial management in general sense, the financial management goal is to make use of rational allocation of resources to optimize its development objectives with the university are closely linked, always with the morphological changes in the economic and social progress and continued to deepen. With the development of network economy, customer objectives, business processes have changed dramatically, with shared knowledge and transferability of capital will dominate. increase the knowledge, update , diffusion and application acceleration, a profound impact on all aspects of university management activities, the objective needs of the objectives of financial management must evolve to a higher level. respect for the financial management of university financial resources of the entire hardware system, the role of financial resources at the same time, should be attached to soft the strategic role of financial resources and its role in the regulation of hardware resources. Moreover, the growing social life in college today, universities can not do without community support, to fulfill their social responsibility is the obligation of colleges and universities. Therefore, the financial management of universities target must innovate, turn to social needs and requirements of the integrated management of universities targeted for multiple stakeholders, taking into account the various stakeholders and balance the financial interests, the interests of multiple subjects to meet the goals, management objectives to achieve unity.

(4) adhere to the university financial management assessment of the innovation. University of forecast financial analysis and decision-making both business and summary of the inspection, but also forecast future periods and on the college decision-making. In the new educational background, because the content of university assets and capital structure have undergone tremendous changes, the original financial analysis and therefore requires constant updating.

First, the calculation of equity ratio of total assets, total assets and total equity of workers rate assets and liabilities to reflect the source of the assets of the share capital, to maintain a reasonable capital structure. Second, the calculated value of intellectual assets rate, intellectual assets and intellectual asset turnover profit margin to the examination and analysis of investment and intellectual resources use efficiency. Third, the calculation of productivity of human assets, human assets and human assets turnover margin, with assessment and analysis of human resources investment and utilization.


References:
Solutions to the text. On the university financial management problems and countermeasures [J]. Shanxi College of Social Sciences, 2008 (11). Links http://www.hi138.com Research Papers Download