Study On Fix Assets Management Internal Control Of A College

Since the 18 th Committee Party of China National Congress held, anti-corruption and optimization of public service become the focus of the Chinese Government, as well as the institutions of higher education. With the rapid development of Chinese economy, diversification of fund raising, variety of service and complicated risks of business appear in institutions of higher education. In this situation, a series of problems occur, such as uncertain function, low efficiency and corruption, which are related to fixed assets. Fixed assets play an important role in the foundation of teaching and scientific research. Generally,the general value accounted for more than half of the total assets in institutions of higher education. These issues warn us that the management level of our colleges and universities is not only related to the social and livelihood issues, but also relates to the prevention of corruption, therefore, it’s an urgent need to establish and perfect the internal control system of fixed assets management in colleges and universities, improving the management level of fixed assets preventing internal risk, ensuring the administrative activities carried out smoothly. This paper takes internal control of fixed assets management as the research object. The author analyses the internal control environment, risk assessment, control activities, information communication and monitoring in A college through the method of normative research and case combination based on internal control theories, guided with Internal control norms of administrative institutions, and points out the problems existed in A college, provides suggestions and perfects the internal control of fixed assets management. There is a certain theoretical and practical significance on this study of internal control.This paper could be divided into five chapters. The first chapter is general introduction, describing the background, significance, literature reviews, research methods, frameworks, and articles on innovation. The second chapter is the particularity of the fixed assets management internal control of institutions of higher education, introducing the characteristics of fixed assets, internal control objectives, management of fixed assets of the elements and the basic process in institutions of higher education. The third chapter is the specific introduction of A college’s fixed assets situation, mainly including five elements of internal control: control environment, risk assessment, control activities, information and communication, and supervision. The fourth chapter is the analysis of problems and reasons based on above-mentioned five elements of internal control for A college fixed assets situation. The fifth chapter is the improvement proposal of fixed assets for A college. Hope that this study will give a good suggestion of implement of fixed assets internal control for other colleges and administrative institutions, mainly including improving the internal control environment, marking clear control risks, designing main control processes with risks marked, streamlining communication channels, using of audit means and supervision..