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Basic and pro-active financial management practices of selected universities in china: basis for improvement

作者:Wenjian XU

院校:University of San Carlos,GuangDong Peizheng College

摘要:Abstract: The purpose of this study is to evaluate the existing financial management of some universities in China. The top five universities in Guangdong and those with sound financial systems were selected. Their basic financial management status is at the average level of the basic financial management practices of universities. Highly proactive financial management practices were observed in various universities. There is no significant difFerence in the status of active financial management in controlling and preventing unnecessary stress. The study found that the advantages of the practice and implementation of financial management include financial efficiency and strong financial management, while the check of financial accounting records is weak and the practice is insufficient. After study it is suggested that the existing financial management practice needs the formal forms, records, processes and internal control of the organization. It is suggested that the university should develop a financial management tracking system to ensure effective financial flow and updating, so as to provide correct guidance fbr financial management, and help to increase employment rate, increase personal income, improve community economic health and community unity.

关键词

financial management;improvement

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References

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