The Research On The Market Discipline Of Corporate Bond Supervision In China

Fixed assets are the material foundation and guarantee of university teaching andresearch activities, also the basic conditions of measuring construction anddevelopment of universities. With the reform and exacerbation of the higher educationsystem and the financial system, universities’ management channel is graduallyexpending, financial investment increased year by year, the scale of running theuniversities developing rapidly, and total assets are also increasing quickly. In thiscontext, in order to fully play to the positive role of universities in personnel training,scientific research, social services, and other aspects of cultural heritage and improvecapital efficiency, Ministry of Finance issued a new "University Accounting System"which introduces the accrual and requires colleges to depreciate fixed assets. This hasimportant implications for colleges and universities to strengthen accounting andmanagement, improve asset management.This article analyzes the status and management of fixed assets in H unanUniversity through field visits, which is under the guide of contingency theory、Publicmanagement theory and cost management theory. Under the situation of depreciationsystem transition and the new accrual’s introduction, Hunan University’s depreciationwill face the following situation: the mismanagement of fixed asset accountingleading to ill-defined range, the confusion of the artifacts and displays, the notionalamount accounted for fixed assets which don’t need to depreciate with those need to,capital verification of fixed assets resulting in poor accounting distortion, therecognition of fixed asset criteria not suiting to the price level, the reconfirmation ofthe original value for fixed assets being affected, and Hunan colleges lacking thedetailed plan of depreciation, not clear about how to raise, how much to mention.To improve this situation and ensure the depreciation working smoothly, H unancollege needs to use scientific methods and improve asset inventory system, assetretirement process, through a thorough inventory of fixed assets,to ensure the assetmanagement department and finance department accounts match the reality withexcluding the phenomena of the accounts with nothing、no account of physical. HunanCollege should make a clear distinction of fixed asset accounting scope, andappropriately increase the recognition criteria, re-classify fixed assets by the assetloss way. On the basis of preliminary work, Hunan College should combine the actual situation to develop a practical program for depreciation.The results of the article is improving the fixed assets management system andaccounting system in Hunan universities. To some extent, it makes up the weakness inHunan colleges in this regard and proposes a suitable depreciation program which canbe a reference for school management apartment. The proposal puts forward by thisarticle is also in line with the fixed assets’ status of university management, which canprovide a reference for other universities in accrued depreciation of fixed assets.