Approaches for Financial Accounting in Jingdezhen University, Jiangxi Province, China

Abstract

This research aims to: 1) Investigate components and indicators of financial accounting. 2) Explore levels of current state, desired state, and the priority needs of financial accounting in Jingdezhen University. 3) Develop approaches for financial accounting of Jingdezhen University. This research have 3 phases: 1) Investigate components and indicators of financial accounting. Invite 5 experts to check components, and indicators of financial accounting. 2) Explore the current state, desired state and the priority needs of financial accounting of Jingdezhen University. A stratified random sampling method was used to conduct a questionnaire survey among 265 teachers from Jingdezhen University. 3) Develop approaches for financial accounting of Jingdezhen University. The researchers interviewed 5 informants from 3 universities and summarized their opinions. Then 5 experts were invited to propose revisions to the draft approaches for financial accounting of Jingdezhen University, and the draft approaches were modified based on the experts' suggestions to form formal approaches. Finally, this research invited 5 experts to verify the appropriateness, utility and feasibility of the approaches of Jingdezhen University's financial accounting. The researchers analyzed the data using mean, standard deviation and modified priority needs index. The results show: 1) Financial accounting of Jingdezhen University includes 5 components and 16 indicators, which are: (1) Budgeting with 2 indicators; (2) Accounting with 3 indicators; (3) Tax management with 3 indicators; (4) Internal audit and supervision with 4 indicators; (5) Informationization construction with 4 indicators. And assessed by experts that the suitability are very high. 2) The current situation of financial accounting in Jingdezhen University is generally at a medium level, and the ideal state is generally at a very high level. The priority needs index indicators for financial accounting of Jingdezhen University, from high to low: (1) Budgeting; (2) Internal audit and supervision; (3) Informationization construction; (4) Tax management; (5) Accounting. 3) The approaches for financial accounting of Jingdezhen University include the following 5 aspects: (1) Budgeting; (2) Accounting; (3) Tax management; (4) Internal audit and supervision; (5) Informationization construction. These 5 aspects can be refined into 50 detailed financial accounting rules of Jingdezhen University. Validated by experts, the approaches was rated at the highest level of appropriateness, utility and feasibility. The approaches development consisting of 5 processes as follows: (1) Analysis preparation; (2) Design; (3) Check and revise; (4) Dissemination and implementation; (5) Evaluation and monitoring.

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