Discussion on the innovation of the financial and accounting system of colleges and universities

The current financial and accounting system of the colleges and universities are in discord with the socialism market economic and public finance pattern in the on account reference, calculating repair and maintenance fund and immaterial assets, accounting system and accounting item setting. Drawing on the experience and accounting item setting Drawing on the experience of corporate financial and accounting system and the convention of international nonprofit organization, We should innovate the present accounting item setting and investment accounting. The system of talent cost accounting and the fixed assets depreciation should be founded.