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Non-business Cyclic Fund(NBCF) is a kind of special fund, ex-
penditure of which has to be returned through its non-business
operating ativities. The study was motivated by the limitation
in the related studies concerned: the importance, the complex
natures, the accounting system, the financial performance,and
the cash management of NBCF. The purposes of the study include
five categories: (1)the nature of NBCF, (2)the re-classication
of NBCF, (3)the amount, which national treasury can expend cash
of the NBCF, (4)the revolution of the accounting system, and(5)
the financial performance. We use 37 practicing NBCF as the re-
search field of category (1)~(4); as to category (5), 11 NBCF
are selected. When studying (1)~(4), the study applies descip-
tive and exploratory methods; as to (5), ratio analysis are
used , then conclude and find the causes. The concrete studying
pur- poses are concluded below: (1) Determine the nature of
NBCF. (2) Re-classify NBCF bay various classication ways. (3)
Construct model to cavulate the amount, which national trea-
sury can expend NBCF''s own cash. (4) Resolve the defeats of
practicing accounting systems. (5) Understand the financial
position and results of operations 11 selected NBCF.
Considering the results of this study, the research found that
NBCF doesn''t belong to ''non-business organization'' in nature,
and shouldn''t reform to jouridical person. NBCF can be
reclassi- fied into various group. National treasury can apply
Baumol and Miller-Orr Model to caculate the amount of cash of
NBCF, which can expend. The Directorate-General of Budgeting,
Accounting, and Statistics has to design and develop general
accounting sys -tem for all NBCF. The financial performance are
conservative finance action, slack working capital, and low
overall returns.
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