The new accounting system of public institutions stipulates that the fixed assets of public institutions except cultural relics and exhibits, animals and plants, books and archives, and nominal amount measurement assets shall be depreciated.

The new Financial System for Public Institutions, Accounting Standards for Public Institutions and Accounting System for Public Institutions (hereinafter referred to as the "new system") have all been implemented since January 1st.

The elements of "fixed assets" in the accounting system reform of public institutions have changed greatly, mainly in the following aspects:

First, the classification of fixed assets has been adjusted, that is, the "houses and buildings" have been adjusted to "houses and structures", the "general equipment" has been adjusted to "general equipment", and the "books" have been adjusted to "books, archives".

Second, the value standard of fixed assets has been raised, that is, the general equipment has been raised from 5 yuan to 1, yuan, and the special equipment has been raised from 8 yuan to 1 5 yuan;

thirdly, the "fixed fund" is revised to "non-current assets fund-fixed assets";

fourthly, introduce the factor of depreciation;

the fifth is to clarify the accounting treatment of the follow-up expenditure of fixed assets;

Sixth, at the end of each month, the data of "capital account" should be included in the accounting of big account;

Seventh, the pricing methods of fixed assets with inventory surplus are clarified, that is, the criteria for pricing in turn are: replacement full value, value determined according to the market price of similar or similar assets and nominal amount.

the accounting content of the adjusted "fixed assets" account can better reflect the needs of financial reform and business processing. It is precisely because of the great changes in "fixed assets" that we need to grasp these changes in time and carry out accounting treatment in time.

Among them, the purpose of depreciation of fixed assets is to meet the needs of budget management and performance appraisal, but in form, it adopts the way of "virtual depreciation", that is, the depreciation amount is not directly included in "expenditure or expense", but offset "non-current asset fund-fixed assets".

at the beginning of the year, the institutions applying the new system should reclassify the existing fixed assets item by item according to the new fixed assets standard and make account adjustments.

The new system stipulates that all fixed assets that fail to meet the new standards are included in the "inventory" management, and all units are required to re-determine the catalogue of fixed assets.

according to this, some physical assets accounted as fixed assets in the original account will be converted into inventory according to the standards stipulated in the new system. When transferring money, it should be analyzed and adjusted according to the balance of the "fixed assets" subject in the original account and its subsidiary ledger.

(I) account adjustment

If the fixed assets recognition standard in the new system cannot be met, the corresponding balance shall be transferred to the "inventory" account in the new account, and the corresponding "fixed fund" account balance shall be transferred to the "institution fund" account in the new account; At the same time, do a good job in the registration and management of related physical assets. The specific accounting treatment is as follows:

1. The fixed assets that fail to meet the new standards are converted into "inventory", and the accounting treatment is as follows: borrowing "inventory-category (or specification, reporting location)", lending "fixed assets-category (or project, using department)", and borrowing "fixed fund" and lending "non-current asset fund"

2. For those who meet the standard of fixed assets recognition in the new system, the corresponding balance shall be transferred to the "fixed assets" account in the new account, and the accounting treatment shall be: borrowing "fixed assets (new)" and lending "fixed assets (old)".

3. transfer the balance of the "fixed fund" account in the original account to the "non-current assets fund" account in the new account, and the accounting treatment is: borrowing "fixed fund" and lending "non-current assets fund-fixed fund". The balance adjusted by the above items can be used as the beginning balance of "fixed assets" and "non-current assets funds-fixed funds" in the balance sheet.

(II) Matters needing attention in the connection between the old and new systems According to the provisions of the new system, the fixed assets formed in previous years will not be depreciated on a monthly basis at the beginning of this year until the end of the year;

however, the fixed assets formed on January 1, 213 shall be depreciated monthly according to the provisions of the new system.