International Comparative Study On Publicity Of Financial Information In Public University

We are very glad to see China has steadily stepped into the “4% era” as for the input of educational funds. Besides full attention on the input of educational funds, our society puts more attention to what the 4% did. Public essence of the educational funds decides public attention on the use and management of educational funds. Higher education has spread from the elite to the public. It enjoys more connections with our society. 20% of total investment on education comes to higher education, thus making higher education a focus of the public. According to the report form the media, the public learn more about the loss and waste of investment on higher education, and other negative information, thus causing significant doubt about the use efficiency of educational funds among the public. Since the issue and implement of Regulations on the Disclosure of Government Information and Information Disclosure Way in Colleges and Universities, information publicity has become a consensus. Actually, publicity of financial information in higher education institutions is not optimistic. With the deepening of reform on higher education system, gradually, funds sources of this institutions deviate from the investment of various kinds of social organizations instead of only the government, therefore, there is a greater demand for financial information of higher education institutions. Traditional modes of financial information publicity has been out of date, and can not meet the needs of the public and associated interested groups, who seek for diverse financial information. A series of effective systems and regulations should be carried out as a guide as well as a code of conduct of the publicity of daily financial information publicity for the what and how to open the information, thus creating true, complete, precise and in-time publicity of capital flow, financial situation, meeting the increasingly diverse information sues, and facilitating the self-development of universities.This article, from the perspective of relevant concept and basic theory, discoveries the achievements in financial information publicity of higher education institutions, the current problems and the factors leading to these problems through analyzing the information publicity situation of colleges and universities at home and abroad. The article also stresses the importance of carrying forward the publicity of information of colleges and universities with the further reform of higher education, thus realizing what experience we can get from the publicity of information of public colleges and universities abroad based on the actual condition of China. On basis of the relevant indicators, systems and study theories, the comparative study on practice home and abroad, and investigation on relevant interviews, this article establishes the framework system of financial information of public colleges and universities, and proposes the measures and suggestions for the perfection of financial information publicity in colleges and universities so as to bring some references and guidance for the smooth carrying of relevant work.