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 pointerHistory

The Accounting Office was established in 1962 under then FCU President Xin Gao to carry out general ledger maintenance and oversee University funds, as well as to put in place an auditing system. In 1989, to strengthen the effectiveness of accounting and budgeting work, computerized accounting and budgeting systems were developed. In 2002, in cooperation with the Office of General Affairs and the Office of Information Technology, a budget management system was developed. In 2003, to better carry out its duties, the Accounting Office was divided into accounting and budgeting sections. Two years later, in 2005, integration of budgeting and accounting systems was completed. Oracle integrated accounting system planning and online launch were carried out in 2006. In the following year, 2007, planning and online launch of an estimation system were completed.

 

pointerDuties

Under the appropriate laws and regulations and in cooperation with the University’s administrative development plans, this office carries out sound fiscal planning. It is responsible for accounting work including preparation of the annual budget and financial statements, new academic year project planning and implementation, budget verification, handling of disbursements via money transfers and checks, preparation of accounting forms and provision of assistance during the external auditing process.

 

pointerMissions and Objectives

1.Ensure the quality of accounting practices to protect the University’s assets. Through the establishment of an integrated financial and accounting information system, strengthen accounting information and internal work flows and increase work efficiency.Standardization of accounting and financial procedures has led to the establishment of internal management and control systems and effective regulations to ensure the University’s sound financial development.

2.Adjust tuition and fees taking into consideration public reaction and government policies. In recent years, there have been decreases in subsidies offered by the Ministry of Education. For effective control of educational costs and distribution of educational  esources,a cost analysis system is essential. In the future, equitable allotment of budget and related controls, as well as the transformation of departments and graduate institutes into profit centers, are fundamental to the cost analysis system and the sustainability of the University. 

3.Ensure that the annual budget reflects the University’s development plans and develops the University’s distinguishing features.
 

 pointerExpected Benefits

1.Due to the completeness of its accounting systems and the strictness of its auditing systems, FCU received government approval as an on-site auditing agency and the National Audit Office visits the FCU campus to perform regularly scheduled audits. 

2.Budget complements the University’s development plans and development of the University’s distinguishing features. 

3.Accounting and finance personnel carry out comprehensive legal analysis and assist faculty and administrators in understanding related laws and regulations and their areas of application. This prevents project delays and protects faculty and administrators from legal liability. 

4. Accounting and financial work, in addition to conforming to related laws and regulations and the University’s development plans, provides immediate and reliable information for policymaking decisions and ensures that FCU maintains its leadership position in the competitive education market.