Research On The Disclosure Of Accounting Information In Universities

As our institutions’reform progresses, public universities gradually begin to reform to promote their own development. Universities actively expand financing channels and accept bank loans and social donations, no longer simply rely on financial allocations. In order to increase operating income, universities begin to develop school-run enterprises. Higher education of the government-leading mode transforms to multilateral cooperation mode. Because of the backward management system, the level of government supervision and management is relatively low. In recent years, the university corruption scandals have occurred frequently, which attracted the attention of the community. In the case of imperfect regulatory mechanism, the individual university administrators take advantage of their positions to accumulate money and infringe on the social resources. In order to build the good environment and be rational and compliance with financial capital, under the impetus of government accounting information disclosure mechanism. the universities actively build accounting information disclosure systems. In September2010, the government promulgated the "measures for the university information disclosure"; in December2012, the ministry of finance issued the" accounting standards for institutions" and on December30,2013, the ministry of finance issued" accounting system of institutions for higher learning". They all clearly showed that universities should take the initiative to disclose their accounting information. As the principles for guiding the universities’accounting work,"the accounting standards for institutions ". in which ten changes have taken place compared with the old one, puts forward higher requirements on accounting information disclosure.Based on the analysis of the literature review and related theories, I will analyze the present situation of universities’accounting information disclosure and influence factors of its level. Learning from foreign experience, I will put forward some related suggestions by combining with the new requirements of the new rules and new systems in order to construct our accounting information disclosure system. Firstly. according to the stakeholder theory, I will divide the demand information into four categories. They are:financial management classes, asset control classes, effect classes and the extent of information disclosure. Through the construction of college accounting information disclosure index, this article uses the data of quantitative evaluation of accounting information disclosure status. Through the empirical test, the problems of incomplete content, insufficient information and slower submission exist in our accounting information disclosure. In the four categories, the information disclosure level of the effect classes is the highest, the horizontal difference of the financial management classes is the most obvious. Secondly, in-depth analysis of its influence factors. According to the differences of disclosure levels of universities, the article introduces three variables--the fiscal appropriation income, the institution income and the donation income, it also analyzes factors affecting the quality of information disclosure. Through empirical testing, this paper comes to the conclusion: business income is positively related to the accounting information disclosure. Finally, from the four aspects--the content of disclosure, the way of disclosure, disclosure time and supervision mechanism, I will put forward some policy suggestions to perfect the legal system and strengthen the financial supervision.