New Changes of Financial Risks in Colleges and Universities and Coping Strategies after the Implementation of the New Government Accounting System

The full implementation of the new Government Accounting System has brought about systematic changes in the financial management models of universities. Through measures such as introducing accrual accounting, strengthening financial reporting systems, and standardizing asset-liability management, the financial accounting of universities has shifted from a “bookkeeping-oriented” to a “management-oriented” approach. However, the institutional transition has also exposed new challenges in budget management, debt risks, asset accounting, and internal controls. This paper analyzes emerging manifestations of financial risks in universities based on the core changes of the new system, including risks of budget execution disconnecting from financial accounting, hidden debt risks, distorted asset valuation risks, and pressure on financial information disclosure. It proposes countermeasures from aspects such as improving budget management mechanisms, optimizing debt risk prevention systems, standardizing asset lifecycle management, strengthening internal controls, and advancing information technology development. The aim is to provide references for universities to adapt to new institutional requirements and enhance their financial risk management capabilities.