Case Study On Internal Control Of R University Budget Business

The internal control of the administration business unit is divided into six parts at the business level in which the internal control of the budget business is regarded not only the most important but crucial on the part of standardization of financial management in colleges and universities.With the progress of colleges and universities,the sources of their funds have gradually become diversified and complicate,inevitably requesting a stricter control of budget business.However,there exists,in most colleges and universities nowadays,imperfect budget system,unreasonable budget preparation,super budget,no budget,random budget adjustment,lacking budget analyze & assessment and what not,which naturally generates more and more risks during the progress of the use and management of funds and thereupon,hinders the smooth implementing of teaching activities and scientific researches.Consequently,it appears particularly significant to optimize the control of budget business in colleges and universities.In recent years,the state has also issued relevant documents one after another,with the aim of strengthening the internal control of administrative institutions.In November 2012,the Ministry of Finance promulgated the "Regulations on Internal Control of Administrative Institutions(Trial)",which enabled the construction of internal control of administrative institutions in China to have a system to follow;in2016,to make specific requirements and guidance for the internal control construction of the university,the Ministry of Education issued the "Guidelines for Internal Control of Economic Activities of Universities Directly Under the Ministry of Education(Executive)".Based on the above two documents and the way of case analysis,this paper briefly introduces the general situation of R University and then the relevant institutions related to the budget business of this university.Also,this paper describes the status quo of internal control at the level of budget business of R University including the status of the risk assessment,budget preparation,approval,execution,adjustment and final calculation of R university budget business,and illustrates the flow chart and risk control matrix of each link control so as to summary what are worth learning from R colleges and universities in terms of the internal control of budgetary business.On the whole,the budget management rules and regulations of the school are in line with the relevant requirements of the budget management measures of administrative institutions;the budget organization is reasonable;and the entire process of budget business is basically completed——all these play certain roles in constraint qualification aimed at the school.Nevertheless,the writer meanwhile find existing problems,mainly including imperfect budget analysis control,incomplete budget performance evaluation control and the shortage of information disclosure mechanism of internal control.Consequently,the writer analyze the causes of the above problems and consequently propose corresponding optimization measures,namely: improving budget analysis and control,establishing and enhancing evaluation control of budget performance,and strengthening the open control of internal control information of budget business.It is expected that this paper can provide a certain degree of practical experience for the sound internal control of other universities,especially for their improvement of budgetary business control.