University Financial Management 3 new concept.docVIP

University Financial Management 3 new concept [Abstract] With the expansion of colleges and universities the size of the end of the golden age of higher education has entered a new stage of development. In order to achieve a win-win social and economic goals, colleges and universities need to update the financial management concepts, the introduction of time value of money principles, principles of cost-effectiveness and the strengthening of financial internal control system in its three new ideas in order to achieve the financial management mechanism innovation, ensuring a sustained and healthy schoolsDevelopment . [Keywords:] college financial management; time value of money; cost-effectiveness principle; the financial internal control system; idea To comprehensively implement the scientific concept of development, persist in giving priority to education development, give full play to the modernization of education in the basic, guiding, global role, greatly improve the quality of higher education, the Ministry of Education and Ministry of Finance on the strengthening of education ‘Eleventh Five-Year ‘planning said:’ With the continuous expansion of the scale of higher education schools, funding more prominent contradiction between supply and demand, economic activities have become increasingly complex, financial management of colleges and universities to change the connotation and denotation, the objective of financial management of colleges and universities on the work of the new higher demands. ‘Colleges and universities to achieve the standardization of financial management, scientific development, we must first adjust the attitude, innovation and management philosophy, establish time value of money; costs and benefits of principles; the financial internal control system and three new ideas in order to coordinate investment in higher education and income and expenditure to achieve the scale of expansion of colleges and universities after the moderat