Research On Internal Financial Control Of FZ Vocational Colleges

In recent years,with the rapid development of the national economy and the vigorous development of education,in order to adapt to the economic development and national policies,universities have been expanding their enrollment and expansion activities,and the level of running schools has been gradually raised,and the government’s investment in universities has also increased substantially,the software and hardware for running a school are constantly updated and optimized,the economic and operational activities are more and more numerous and involve more and more money,the functional departments and organizations of colleges and universities are becoming more and more complex,the sources of funds are diversified,and their funds are not only derived from financial allocations,it also includes alumni donation,income from university-enterprise cooperation,profits of affiliated companies,etc.,which makes the sources of funds more extensive.A large amount of funds and policy support,is a good opportunity for the development of colleges and universities,but also makes them face greater challenges,especially the sharp increase in the risks of clean government.Therefore,universities must reduce the risks they are facing,so they need to constantly improve their internal financial control system and standardize their business activities by means of financial management information,thus enhances the university internal financial control the ability and the level.This can not only improve the security and efficiency of funds and assets,but also promote the healthy and sustainable development of colleges and universities.FZ Vocational College is a comprehensive public college which mainly trains technical talents.Under the leadership of the Secretary of the Party Committee and the president of the Executive Yuan of the college,FZ Vocational College has set up a planning and accounting department within the college,responsible for the College’s budget preparation,fund operation,Asset Management and risk control,and formed a system of internal financial control,but with the economic development and educational reform,the existing internal financial control system of the college cannot fully adapt to the development of the college,which will have a negative impact on the sustainable development of the college.Therefore,it is necessary to optimize the internal financial control system of FZ Vocational College so that it can adapt to the development of market economy.Based on the theory of Internal Financial Control Framework,this thesis makes a comprehensive study and analysis on the internal financial control of FZ Vocational College by consulting a lot of literature and on-the-spot interview.Firstly,this thesis introduces the theoretical concept of COSO internal control framework,and the concept,characteristics and objectives of internal financial control in colleges and universities.Secondly,through interviews,this thesis analyzes the current situation of internal financial control in FZ Vocational College from five aspects: Control Environment,risk management,control activities,information and communication,and internal supervision,and in view of its present situation further analysis FZ Vocational College Internal Financial Control System has the question,the existing problems can be summarized as follows: The internal financial control environment needs to be improved,the risk control link is weak,the control activity needs to be further improved,the lack of information and communication,the internal supervision needs to be strengthened and so on.Finally,in view of these problems,from optimizing the internal financial control environment,strengthening risk control,improving control activities,strengthening information and communication,improving internal supervision and management,this thesis puts forward some Operability plans for perfecting the construction of the internal financial control system in colleges and universities.