Proceedings of the 2017 International Conference on Management Science and Management Innovation (MSMI 2017)

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

Authors
Linhong Gong
Corresponding Author
Linhong Gong
Available Online June 2017.
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/).

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Volume Title
Proceedings of the 2017 International Conference on Management Science and Management Innovation (MSMI 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
June 2017
ISBN
10.2991/msmi-17.2017.2
ISSN
2352-5428
DOI
10.2991/msmi-17.2017.2How to use a DOI?
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/).

Cite this article

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  -