Exploring the 2023 Reformation of Financial Systems in Higher Education Institutions and Examining the Practical Aspects of its Execution

As China’s economy has experienced rapid growth,the economic landscape for higher education institutions’financial systems has become increasingly intricate.Consequently,there has been a heightened demand for enhanced financial management in these institutions.Notably,in 2012,the country’s Ministry of Finance and Ministry of Education introduced a new financial system for higher education institutions,and in 2022,the Ministry of Finance publicly revised this system to further standardize financial practices within higher education institutions,align with financial management requirements,and foster the development of these institutions.This paper offers an extensive examination of the updated financial system for higher education institutions compared to the previous version,delving into aspects such as the financial management framework,professionalization criteria for financial directors,enhancements in managing the proceeds from technology and research achievements,and the incorporation of management accounting reports.Additionally,it provides a comprehensive analysis of the challenges faced by financial management in higher education institutions and outlines strategies for addressing these issues.

Research on the Implementation Path of Youth Financial Quotient Education: Based on a Survey in Chongqing

Financial quotient education has become an inevitable requirement of quality education in China,with vital practical significance.By investigating the current financial education situation for teenagers in Banan District,Chongqing,we find some problems such as parents'weak awareness of financial education,lack of financial education in schools,and lack of professional teachers.This paper proposes the"three-in-one"financial quotient education implementation path of family,school,and government,hoping to explore the construction of a youth financial quotient education system and provide a reference for various subjects to carry out financial quotient education for young people.Further,enrich the achievements of characteristic education and promote the development of quality education in primary and secondary schools.

Innovative Research on Funding and Educating People in Applied Colleges and Universities Under the Perspective of Labor Education

As an important part of the“Five Education,”labor education is a practical activity for cultivating labor values,labor skills,and labor spirit(also named craftsman spirit).This article points out the importance of integrating labor education into the process of“funding and educating people”in applied colleges and universities.It also explores the role of labor education as a starting point from the three aspects of labor values,labor skills,and labor spirit.It provides an innovative path for applied colleges to fund and educate people.

Analysis of an event study using the Fama–French five‑factor model:teaching approaches including spreadsheets and the R programming language

The current financial education framework has an increasing need to introduce tools that facilitate the application of theoretical models to real-world data and contexts.However,only a limited number of free tools are available for this purpose.Given this lack of tools,the present study provides two approaches to facilitate the implementa-tion of an event study.The first approach consists of a set of MS Excel files based on the Fama–French five-factor model,which allows the application of the event study methodology in a semi-automatic manner.The second approach is an open-source R-programmed tool through which results can be obtained in the context of an event study without the need for programming knowledge.This tool widens the calculus possibilities provided by the first approach and offers the option to apply not only the Fama–French five-factor model but also other models that are common in the finan-cial literature.It is a user-friendly tool that enables reproducibility of the analysis and ensures that the calculations are free of manipulation errors.Both approaches are freely available and ready-to-use.