A Research On The Financial Management Performance Evaluation Of T Higher Vocational College

Higher vocational education is an important component of Higher education,which aims to train the professional talents with higher practical technology and will be the focus of higher education development in the following period.China is facing the great moment of economic transformation and upgrading and as the deepening reform of financial management system,the comprehensive reform in education makes new requirements to the financial management of higher vocational colleges.With performance orientation and according to cost-effective principle,financial management performance evaluation of higher vocational colleges is to examine and evaluate the current situation of financial management and design a specific,regulatory,quantifiable and operable evaluation system for capital operation and financial management.On one hand,the college management,the creditor and the outside investor can get the necessary financial information for determination;on the other hand,through the quantitative use of funds and for the teaching aim of the higher vocational colleges,it is to set the goal of financial management performance evaluation,classify and refine the evaluation indicators and construct the evaluation indicators system of financial management.Meanwhile,we need to evaluate the finance of higher vocational colleges objectively,find the shortcoming and put forward feasible suggestions.Through the financial management performance evaluation of higher vocational colleges,it is possible to provide a new examination standard for "input—output—result" of the public education and make an important basis for realizing performance-based funding mechanism.Through the background research of financial management performance evaluation of higher vocational colleges,the article studies the meaning of implementation of financial management performance evaluation in higher vocational colleges and clearly states the subject,object and target of it.Upon the present researches at home and broad,the article deeply illustrates the connotation and present situation financial management in higher vocational colleges.The article co-opts relevant researches and sets up the evaluation index system from school targets and financial management targets of higher vocational colleges.The system can be divided into financial index and non-financial index,which includes 25 indexes in 6 sectors:profitability index,efficiency index,development index,internal control index,index of school conditions and students index.In order to testify the scientificity and practicality of the evaluation index system of financial management performance,the paper takes college T as the example and conducts an empirical study with financial index analysis and efficiency scores.Besides,it makes a transverse comparison on financial management performance between college T and college J and S which are famous and of efficient financial management in the same area,in order to testify the application of the index system for financial management performance evaluation in higher vocational colleges.From the analysis result,the financial management is in good development between 2012 and 2014 and the efficiency of funds use is increased year after year.In recent years,it has reduced its debts,made financial savings and minimized the financial risks.As the national key demonstrative higher vocational colleges,college T benefits from the support of financial funds and its general school conditions are better than other colleges,which enable the index of fundamental school conditions and monitoring school conditions better than other similar colleges and institutes.It can be seen from the score results of financial management performance evaluation of the three colleges that college S is the best one and college T’s financial management performance is getting better and better.As to college T,for all funds income and the growth rate of income have the upward tendency and long term loans and total debts are reducing year after year,financial risks are reducing,budget is balanced and the whole financial management is developing better and better.But at the same time,it is important to increase the proportion of self-raised funds and actively expand channels of collecting funds.The empirical analysis indicates the two evaluation methods combine the objective and subjective analysis,which can avoid the result’s deviation caused by a single evaluation method and provide an unbiased fair quantified evaluation method.At last,focusing on the problems in the analysis of college T,the paper puts forward suggestions to perfect the financial management performance evaluation of higher vocational colleges.