CURRENT AND DESIRED STATES OF THE FINANCIAL ACCOUNTING OF JINGDEZHEN UNIVERSITY JIANGXI PROVINCE, CHINA

Abstract

Abstract: The scale of higher education in China is huge and has become the largest in the world. The realization of higher education modernization is related to the future of the country and the nation (Ministry of Education, 2022). China’s Education Modernization 2035 points out that “investment in education is basic guarantee of education modernization. Investment in education should be regarded as a basic and strategic investment to support long-term development of the country.” With increasing investment in higher education, the task of financial accounting for higher education is becoming more and more heavy. The research aims to investigate and identify the components and sub-components of financial accounting in Jingdezhen University, Jiangxi Province, China by sending expert confirmation forms to 5 experts in the field of education management. The research discusses current situation and ideal state of financial accounting in Jingdezhen University through the questionnaire survey of 265 teachers in Jingdezhen University. The research uses PNImodified to evaluate key priority demand index of financial accounting in Jingdezhen University. Through questionnaire feedback, the research finds out the existing problems in financial accounting in Jingdezhen University and puts forward corresponding countermeasures. The research found that: 1) Overall, the five experts’ evaluation results of the financial accounting components of Jingdezhen University were all at the highest level.

2) The current situation of Jingdezhen University’s financial accounting is generally at a medium level. When considered from 5 aspects, the average values from high to low are Accounting, Budgeting, Tax management, Informationization construction, Internal audit and supervision. In addition, the ideal state of financial accounting at Jingdezhen University is generally at the highest level. When considered from 5 aspects, the average values from high to low are Accounting, Budgeting, Informationization construction, Tax management, Internal audit and supervision. 3) When considering five aspects, the priority needs of financial accounting at Jingdezhen University are, from high to low: Budgeting, Internal audit and supervision, Informationization construction, Tax management, and Accounting. The research has enlightenment for policy makers, professors and financial staff of universities in Jiangxi Province, and has certain reference value for researchers working in similar fields of financial accounting. The research can also be used as a reference for other countries to strengthen financial accounting work.