Article 2 This system is applicable to state-owned geological prospecting units (hereinafter referred to as geological prospecting units) whose main business is geological exploration and production activities in People's Republic of China (PRC). Geological exploration administrative institutions at all levels (hereinafter referred to as superior units) and their subordinate administrative institutions shall implement the existing financial regulations of administrative institutions. Various diversified enterprises established by geological prospecting units with legal personality and independent accounting shall implement the enterprise financial system of the corresponding industry.
Article 3 Geological prospecting units shall set up separate financial institutions, establish and improve the financial management system, improve the internal economic responsibility system, strictly implement the scope and standards of financial expenditure stipulated by the state, truthfully reflect the financial situation and financial achievements, and make accounting and turn them over to the state according to law.
The financial institutions of geological prospecting units shall exercise unified management over the financial work of their own units and subordinate units.
Geological prospecting units should inspect and supervise the financial management and production and operation of their diversified enterprises. Diversified enterprises should bear corresponding economic responsibilities to geological prospecting units, submit financial reports and put on record their internal financial systems.
Article 4 The basic tasks and methods of financial management of geological prospecting units are: participating in economic forecasting and decision-making, raising funds reasonably according to law, optimizing the allocation and effective utilization of various assets, implementing financial supervision, planning, controlling, accounting, analyzing and assessing various financial revenues and expenditures, and striving to improve economic benefits.
Fifth geological prospecting units should do a good job in financial management. All production and business activities should have complete original records; The import and export consumption of all property and materials should be complete and accurate; Formulate and improve various quotas; Establish and improve the internal control system; Conduct property inspection regularly or irregularly. Article 6 State funds refer to the funds invested by the state in geological prospecting units in various forms, including the funds formed by the completion of capital construction funds and the transfer of geological prospecting funds.
Geological prospecting units shall not transfer state funds by themselves. When the following circumstances occur and are reported to the competent financial authority for approval, the national fund may be increased or decreased:
1. Increase or decrease of funds due to institutional adjustment and merger. When assets are distributed among geological prospecting units free of charge;
2. The income from foreign investment in national geological data and the net income from paid transfer shall be transferred to the national fund according to regulations;
3. The net loss of assets caused by natural disasters and other extraordinary reasons;
4. Other approval matters.
Where laws and regulations provide otherwise, such provisions shall prevail.
Seventh property donated by geological prospecting units, the difference between the value confirmed by asset appraisal or the value agreed in the contract and agreement and the original net book value, shall be included in the geological prospecting development fund.
With the approval of the competent financial authority, the geological exploration and development fund can be transferred to the national fund.
Article 8 The liabilities of geological prospecting units are divided into current liabilities and long-term liabilities.
Current liabilities include short-term loans, notes payable, accounts payable, accounts received in advance, accounts payable to internal units, wages payable, taxes payable, other accounts payable, accrued expenses and employee welfare expenses extracted from costs and expenses.