The Research On Fixed Assets Management Of A College In Hunan Province

For a long time, universities have mainly focused on research and education, andfixed assets of universities are the material basis of teaching and learning activities inhigher education. However, with the deepening reform of the market economy,macroeconomic policy and the higher education mode,"Colleges′and Universitie′sAccounting System"(1998. try out) apparently is no longer suitable for the currentschool system of universities. The development of higher education in China is facingthe problem of shortage of funds, whereas there exists a great deal of waste inuniversities. Mismanagement of fixed assets is one of the major reasons. Phenomenalike “the non-depreciation of fixed assets”,“non-existent expenditure” and “accountsdisagreeing with physical inventory” do threaten the quality of higher education.Therefore, the analysis on the problems arisen in the management of universities’fixed assets, the exploration of the causes for these issues and the solutions to theseproblems will promote the sustainable development of universities. In this paper, weselected a university in Hunan province as our study object. On the one hand, thisuniversity is short of teaching funds and resources. On the other hand, there is aconsiderable degree of idle resources, waste and loss in here. Serious shortage offunds and the low inefficient use of resources badly affect the development of theuniversity. This paper deeply analyzed the problems in the management of universityfixed assets based on the thorough understanding on the concept of university assetsand universities assets management theory.Through a comparative analysis on itsfixed asset management problems and their causes, we promoted policies andmeasures to solve the problems and proposed appropriate countermeasures. Thespecific content consists of four parts:The first part is the introduction. We proposed the object and meaning of thispaper on the basis of analysis about the research background and research status bothat domestic and overseas. The second part is the theoretical analysis of fixed assetsmanagement in colleges and universities. This section, based on the definition of thetwo basic concepts around research purposes and objects, we made an analysis andinterpretation on the theoretical basis of university assets and fixed assetsmanagement. The third part is fixed assets management problems of Hunan S Collegeand their causes. We analyzed the current situation of its fixed asset management. Comparing with the mean value of the fixed assets from the basic conditions ofrunning universities issued by Ministry of Education, we found the followingproblems: the imperfect settings of its institutions, the unreasonable structure of fixedassets, the separation of its ownership and use, unclear property right, the imperfect ofthe internal and external oversight mechanism, and poor accounting mechanisms.Therefore, we made a deep analysis on the causes of these problems. The fourth partis the countermeasures and suggestions to solve the problems about its fixed assetmanagement. Based on relevant theoretical guidance and analysis on its currentsituation, we proposed the following countermeasures and suggestions: to use anetwork of fixed asset management system by integrating resources effectively, toestablish and improve the fixed assets management system, to improve assetmanagement system, to strengthen the management of fixed assets, to strengthen theconstruction of the ranks, and to further refine and improve accounting methods. Wehope these could improve efficiency and effectiveness of its fixed asset management.