Research On The Institution Accounting Under Treasury Centralized Payment

With the gradual and further reform of China’s economic system, in order to establish the public finance system compatible with the socialist market economy, China began to implement a treasury centralized payment system from2001. Different from the past treasury dispersed payment system, treasury centralized payment system is a fiscal treasury management system with single treasury accounting system as its base, and with the treasury centralized payment for appropriation as its abbreviated form. The running costs of financial fund reduced after the implementation of the treasury centralized payment system, and the disadvantage had been solved fundamentally which the financial fund with the problem of multi-link disbursement, multiple-management, multi-account storage, and finally the efficiency of the use of the financial fund improved.The substantial reform of treasury centralized payment system is a system project, which had an important impact on the accounting work of the institution, and added a new connotations and requirements to the accounting of institution. So far, as the reform of treasury centralized payment, nonstandard phenomenon exists in institution accounting work at different degrees. In order to adapt to the public financial system reform and the new situations and requirements of the development of institution, the institution accounting work in the reform of the treasury centralized payment had been researched in this paper.The paper first introduced the concept of treasury centralized payment system, account system and the way of expenditure and allocation in the treasury centralized payment system. Then elaborated the various effects specifically which the treasury centralized payment system on institution accounting work, and effects led to the changes of traditional accounting treatment in institution, including accounting treatment with the way of financial direct payment and financial authorized payment, the year-end surplus accounting treatment, the adjustment of the accounting statements, accounting supervision connotation expansion, and the accounting trends and function conversion. Then this paper discussed the problem exist in institution accounting work in treasury centralized payment system, and made the corresponding recommendations combined with the related problem. Proposed that the current institution accounting basis should shift from cash to accrual under the condition of inconsistencies in institution accounting basis and the treasury centralized payment system, Regulate the basis of recording in accounts, established the bill management rules, periodic accounts checking and regulate the accounts setting, reformed the content of report to establish a sound report system, strengthen the accounting control and so on. Finally take a navigational fair authority for example, analyzed how a navigational fairs authority resolved the problem encountered in accounting in treasury centralized payment system. We proposed the recommendation through the research in this paper that strengthen the institution accounting work in the treasury centralized payment, to regulate the institution accounting work in treasury centralized payment, in favor of establishing a sound accounting system.