Problems and Strategies on Accounting System in China's Colleges and Universities

Nowadays,in China's colleges and universities,the budgetary accounting system can not really and completely account and reflect the new business after taking treasury system of centralized collection and payment and the system for government purchases,can not reflect the debts of colleges and universities correctly,and there is limitation in cash basis accounting.Therefore,we should learn from the accounting system of US colleges and universities to improve our accounting system,that is,developing budgetary accounting pattern to fund accounting pattern,a accounting and reporting pattern based on types of funds;gradually taking accrual basis in accounting;in report system,expanding budgetary implementing report to financial report.