Research On The Implementation Of The Capital Construction Accounting Into Business Accounting In Universities

Before the reform of university accounting system, the business accounting system and the capital construction accounting system in China’s universities are mutually independent. The business accounting makes reference to the University Accounting System and the University Financial System, and the Capital construction accounting makes reference to the Regulations for Financial Management of Basic Construction and the Accounting System State-owned Construction Unit. Owing to the difference between the accounting system and accounting methods, business accounts are separate from capital construction accounts. Therefore, the two sets of accounts will produce two sets of accounting statements, which will lead to a lot of disadvantages. The statements can not reflect the complete and effective accounting information so that the external users are difficult to draw conclusions and it’s easier to make bias and error decisions. In early 2013, according to the latest released University Financial System, the ministry of finance amended the original accounting system of colleges and universities. Through deep researches, repeated verifications, consultations, accounting practice simulation tests and repeatedly modifications, the University Accounting System was finally promulgated in July 12,2013 and the new system was implemented on January 1,2014. Compared with the original system, there are several big changes in the new system, including affiliating capital construction accounting to business accounting.The dissertation analyses the changes in capital construction accounting based on the new university accounting system, and combined with the problems encountered in practical work, finds out the implementation process of "consolidated accounts" required by the new system, so as to put forward suggestions. Firstly, the dissertation makes analysis on the theoretical basis and practical feasibility of affiliating capital construction accounting to business accounting. Then, the dissertation makes hierarchical research on the accountingsystem of capital construction accounting, and analyzes the process of capital construction accounting of A University and puts forward some suggestions. Finally, the dissertation makes a summary and puts forward its own expectations. The combination of literature research method and case analysis method are applied in the research process of the dissertation. The author has read, collected and collated a lot of materials, straightened out the development of business accounting and capital construction accounting, their research status in accounting practice and related financial accounting theory; through the internship experience in the finance department of A University, combined with its practice work of capital construction accounting and the reform of university accounting system, based on the financial accounting theory, through a series of comparison, induction and analysis, the dissertation builds a set of relatively complete capital construction accounting system with practical operability.The new university accounting system makes rules for the way of consolidated accounts and some relevant accounting subjects, reorganizes the related capital construction accounting subjects of the original system, excluding some accounting subjects rarely applied in university capital construction accounting, adds accounting subjects and accounting contents related to the national treasury centralized payment. However, the treatment of consolidated accounts is a work never experienced so that there must be many difficulties in its implementation. The dissertation makes contrastive analysis on the old and new accounting system, explores implementation steps and draws out system theories and practical experience, which is of great theoretical and practical value. Nonetheless, only through taking A University for example, the analyses are not extensive and hard to include various characteristics of all universities, and there are also some limitations in practice.