A Study On XT University's Application Of Government Accounting System

Since the Ministry of Finance of the People's Republic of China has issued the New Government Accounting System,on 24 th of October,in 2017,administrative institutions including universities are therefore required to implement the new accounting system by the first day of 2019,based on the condition themselves.It will,however,make changes to the way University Accounting and Finance work,and influence the development of A university.This paper works on the application of the New system by XT university.Literature study,comparative study and normative study are used to research on how XT university could adjust to its new system smoothly,what the actual problems and difficulties that may occur to XT university and somehow to all universities alike.First,this paper analyzes the background and meaning of application of the new system by XT university,through stating,the government accounting system applied in the US universities,University fund accounting,university accounting basis,university financial reporting system,and university accounting information,and comparing and contrasting universities application in China and abroad from“There are six problems in the accounting accounting basis,accounting subject setting,financial statement system,education cost accounting,compliance accounting standards,and accounting practices in Chinese university”.Second,this paper demonstrates the theory of the new government accounting system,and the advantage of it.Third,we have pointed out the actual difficulties in the application,which are Institutional understanding of parallel accounting and primary account relationships,the environment of New institutional application,difficulties in the operation of the new system application,difficulties in the application of information in the new system and Three difficulties in the convergence of old and new systems.Fourth,we expect the five possible problems that may occur in the process,which are Inventory of existing assets and liabilities and fund management,Accounting personnel accounting concept change,financial management system confusion,increase in the content of accounting information disclosure and information construction is too scattered.Last,from the five aspects-scientific system carries out inventory check and effectively promotes the implementation of accounting reform in colleges and universities,improve the competency of accountants in an all-round way and adapt to the challenges of the new accounting system as soon as possible,integrate the use ofnew ideas and new theories,and implement the new accounting system scientifically,comprehensively promote the disclosure of accounting information,Investigate financial software companies,update and improve financial accounting software,and expand management modules,the corresponding suggestions and solutions for the problems encountered in the application of the new system of XT University are put forward,and it is hoped that it can provide some reference for other universities to apply the new system process.