Article 40 of the Financial Rules of Public Institutions (Order No.68 of the Ministry of Finance No.2012) issued by the Ministry of Finance on February 7, 2065438 means that the service life exceeds one year and the unit value exceeds 1000 yuan (among which the unit value of special equipment exceeds 1500 yuan), and the original data are basically kept fixed during use.

Although the unit value does not meet the prescribed standards, a large number of similar materials with a durable time of more than one year are managed as fixed assets.

Accounting classification of public institutions:

According to the industry, it can be divided into accounting of science, education, culture, health and sports institutions and accounting of agriculture, forestry and water conservancy exploration institutions. They aim at social and economic benefits and have the functions of prediction, control, accounting, analysis, supervision and participation in decision-making. Therefore, five accounting elements are set up: assets, liabilities, net assets, income and expenditure.

According to the classification of accounting elements, set up accounting subjects, that is, accounting figures. Adopt cash basis and accrual basis, adopt debit and credit bookkeeping method, implement historical cost model, and prepare balance sheet, income and expenditure statement, schedule, notes to accounting statements and income and expenditure statement.

Refer to the above? Baidu encyclopedia-accounting of public institutions