Government Accounting Standards System Implementation Questions and Answering Series ④ | Accounting Treatment of Fixed Assets

Question: Due to work needs, a certain administrative unit is approved to rent one office house with other units by operating leasing, and renovate the house for decoration and renovation.

Answer: According to the relevant provisions of the "Interpretation of the Government Accounting Guideline System No. 4" (Finance and Accounting [2021] No. 33), the unit's fixed assets that the unit cannot be included in the account of the unit's account but actual use, and the subsequent expenditure that meets the asset confirmation conditions occurs. , In accordance with the relevant provisions of the relevant provisions of the "Government Accounting System -Accounting Accounting and Reports of Administrative Institutions" (Caixin [2017] No. 25), accounting treatment is carried out. If the subsequent expenditure does not meet the confirmation of assets, it should be recorded in the "business activity cost" subject when the cost occurs.

Question: A public institution built an office building in a packet. The building has reached the predetermined status and delivered to use. The unit has paid the contractor's price lower than the contract price, the invoice has been obtained and included in the "construction project" subject, and the remaining funds have not been paid. It is estimated that the final completion price of the office building is higher than the contract price. How to deal with account processing?

Answer: According to the "Interpretation of the Government Accounting Guideline System No. 4" (Caixin [2021] No. 33), the value of the temporary estimation refers to the actual cost of the construction project project under construction before the completion financial account, including The expenditures of the project construction funds, as well as the unpaid engineering price, and employee salary shall be determined in accordance with the book balance of the relevant details of the "construction project" subject. Therefore, the price of the contractor that has paid the contractor is lower than the part of the contract price, and the cost of the project under construction should be included.

When the construction of the construction project is fixed in accordance with the temporary estimation value, the "fixed assets" subjects are dependent on the "fixed assets" subjects to loan the "construction project" subject. Before the construction of the project is based on the estimated value and the finances of the completion, the confirmation of the confirmed project price of the estimated value of the estimated value occurred. Turn into fixed assets. After the unit handles the financial accounts for completion, when the temporary valuation value of assets is adjusted at the actual cost, the difference between the actual cost and the temporary valuation should be included in the net assets, and Annual Specification Adjustment "subject. After the above adjustment, the balance of the "previous annual surplus adjustment" subject should be transferred to the "cumulative surplus" subject.

Question: A business unit purchases a business house. According to the contract, the payment method of the house is paid in installments. Subject accounting?

Answer: According to the "Government Accounting System -Accounting Accounting Academy and Report of Administrative Institutions" (Caixin [2017] No. 25), the cost of construction projects under construction under construction in the "construction project" subject. The unit directly purchased the money occurred in the business house. Before accepting the acceptance of confirmation of fixed assets, the "prepaid account" subject should be calculated under financial accounting.

Question: Due to business needs, a public institution has been approved to lease an instrument and equipment, and has been passed and passed. The contract stipulates that the annual payment is paid during the lease period. Because the money has not been paid, it is impossible to obtain the full invoice of the payment payment. How can the unit determine the value of the fixed assets?

Answer: According to the "Government Accounting System -Accounting Accounting Accounting Accounts and Reports of Administrative Institutions" (Caixin [2017] No. 25), the cost of the instrument and equipment of the financing leased by the unit shall The fee and the transportation cost of the instrument and equipment before the delivery of the instrument and equipment are determined by the transportation costs of the instrument and equipment, the insurance fee, and the installation and commissioning fee.

Question: How should a public institution determine its account cost in the inventory of asset inventory? How to deal with account processing?

Answer: The unit shall be related to the "Government Accounting Standards No. 3 -Fixed Assets [2016] No. 12) and the" Government Accounting System -Accounting Documents and Reports of Administrative Institutions " It specifies the accounting process of Panying equipment.

Specifically, the cost of the instrument and equipment of Panying is determined in accordance with the amount indicated by the relevant credentials; if there is no relevant credentials, but if the asset assessment is evaluated in accordance with the regulations, the cost shall be determined in accordance with the evaluation value; there is no relevant credentials, and the asset evaluation is not asset evaluation. The cost is determined at the cost of resetting. If the above method cannot be used to determine the cost of Panying instrument equipment, the account will be included in accordance with the nominal amount (1 yuan).

When Panying's instrument and equipment are in account, according to the determined account cost, debit the "fixed assets" subjects, and loan the subject of "shall be damaged by the property to be treated". When the processing is approved by the regulations, if it is obtained by this year, the account process is performed in accordance with the newly obtained relevant assets of the year; if it belongs to the previous year, it is treated in accordance with the preliminary error treatment. Remember the "Specup Adjustment of the previous Year" subject.

If the fixed assets occur between the report date and the report on the reporting report, the unit shall follow the "Government Accounting Standards No. 7 -Accounting Adjustment" (Caixin [2018] No. 28) No. 3 (Caixin [2020] No. 15) accounting for the relevant provisions of the adjustment matters.

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