Abstract: To enter the fixed assets into an account, which is the very first step of doing the overall management of the fixed assets well. If the entry of the accountof fixed assets is not well donel the ccounting information will bedistorted.The principle of Substance over formrequires it dose not get bogged down in the confirmation of accounting of the many legal forms of econemictrades but its economic essence.What we should do is to improve the quality of the accounting information and pay more attention to the economic essence. Sothat we can offer reliable information as the standards for judging and choices, Therefore, in this paper, according to the principle of substance overform we can reform the regulation of the fixed asset of entry value in colleges and universities; reform the cost calculating accounting methods of thefixed assets and the pricing methods of the fixed assets in the financial accounting system in colleges universities.