Second, the basis
1, Article 23 of the Accounting Standards for Institutions? Depreciation of fixed assets and amortization of intangible assets of public institutions shall be stipulated by the Ministry of Finance in the relevant financial accounting system.
2. Account number 1502 "Accounting System for Institutions" accounts for the accumulated depreciation of fixed assets of institutions. The exit range is as described above.
The main accounting treatment is as follows:
(1) When depreciation of fixed assets is accrued on a monthly basis, the account of "non-current assets fund-fixed assets" shall be debited and credited to this account according to the depreciation amount to be accrued.
(2) When the fixed assets are collected, the book value of the fixed assets shall be debited to the account of "inventory gain and loss of assets to be collected" and the accrued depreciation shall be credited to the account of "fixed assets".
(3) The ending credit balance of this course reflects the accumulated depreciation of fixed assets accrued by institutions.
Third, the new system requires institutions to determine whether to accrue depreciation according to the financial rules and regulations of institutions, and stipulates an innovative treatment method of "falsely accruing" depreciation and amortization, that is, when accruing depreciation and amortization, reducing non-current assets funds instead of counting them into expenses. This treatment takes into account the dual needs of budget management and financial management, which does not affect the budget caliber of public institutions' expenditures, but also helps to reflect the value consumption of assets with the passage of time and the degree of use, promotes institutions to implement the asset management concept and principle of "combining physical management with value management", and provides accounting data support for public institutions to conduct internal cost accounting.