Research On The Internal Control Of Fixed Assets In Chinese-Foreign Cooperative Universities

Sino-foreign cooperative universities are the dual products of the popularization and internationalization of China’s higher education.They serve the overall national development and student development as their purpose,and aim to cultivate a large number of internationalized professionals.The rise and development of Sino-foreign cooperation in running schools has greatly accelerated the internationalization of our country’s higher education and broadened the financing channels for our country’s higher education.In the process of running a university,fixed assets play a very important role in the operation of the school.This paper takes the Sino-foreign cooperative G university as the research object,analyzes its problems in the internal control of management of fixed assets and proposes solutions.G university,established in 2016,is a research-oriented Sino-foreign cooperative university dedicated to high-level education,scientific research and innovation capabilities.This university has 5-year history from its establishment.Among many Sino-foreign cooperative universities,it is young.In order to vigorously develop scientific research construction and cultivate scientific and technological talents,this university has invested a lot of fund to purchase scientific research and teaching equipment.Therefore,how to control fixed assets after being established is particularly important.In this paper,by referring to relevant literature,from the perspective of normative system design,the internal control system of G university and the relevant fixed assets internal control policies are compared and analyzed.It is found that there is a lack of budget system,there are insufficient personnel on site during the delivery and acceptance of fixed assets,and the lack of relevant systems for the use and management of fixed assets.Through interviews with G university staffs,it was found that there were also many problems in the effectiveness of internal control link,such as insufficient and subjective budget data preparation,the lack of expert argumentation for imported products,the lack of fixed assets operation performance appraisal mechanism,unclear ownership of property rights,and flaws in the fixed asset management system.In response to the above problems,we will analyze the reasons,such as non-ideal internal control environment,lacking budget management,unsound training mechanism,unsound risk management mechanism,and imperfect information exchange and communication mechanism.Finally,combining the actual situation and system requirements of G university,I propose optimization ideas,optimization strategies and optimization plans.In the management link,the budget system and the improvement of the budget performance management mechanism should be followed.For imported products,demonstration materials must be provided,and quality inspection agencies must be invited to take part in the acceptance work,and reduce losses by signing contracts,establish scientific teaching and research equipment operation mechanisms,establish fixed asset maintenance systems,identify fixed assets in advance,and straighten out property rights;at the unit level,the internal control environment should be improved,and Human Resources Dept.policies for related fixed asset management positions should be completed,information exchange and communication mechanisms should be improved,and the internal control awareness of fixed assets by the teachers and students of G university should be strengthened.This paper takes "Regulations on Chinese-foreign Cooperation in Running Schools " "Guide to Internal Control of Economic Activities of Universities Directly Under the Ministry of Education(Trial)" as research guideline,refers to relevant literature,combines G university’s actual situation emphatically,analyses exiting deficiency for fixed assets internal control management of G university,proposes solution finally and provides theoretical reference for colleges and universities to improve the management level of fixed assets.