Disposal process and accounting process of fixed assets in public institutions

Disposal of fixed assets in public institutions refers to the transfer of property rights and the write-off of idle fixed assets in public institutions, which usually includes administrative allocation, sale, replacement, loss reporting and scrapping. The following is the knowledge I brought to you about the fixed assets disposal process and accounting process of public institutions. Welcome to read.

disposal process

clarify the asset disposal process and strictly implement the approval procedures. The disposal of fixed assets of public institutions shall be audited and appraised by the asset management department of public institutions in conjunction with the financial department and technical department, and put forward opinions on handling the idle fixed assets, and submitted to the competent department or the financial department for examination and approval according to its authorization and examination and approval authority.

step one, the asset using department submits an application for asset disposal to the asset management department.

in the second step, the asset management department should make a comprehensive analysis of its use status, service life and book value according to the asset management information it has, and put forward preliminary opinions on asset disposal.

in the third step, according to the preliminary opinions put forward by the asset management department, the financial department checks the relevant subsidiary ledger and valid vouchers, such as purchase orders (invoices, receipts), copies of final accounts of the project, copies of accounting vouchers, fixed assets cards and other materials, and counts the expenses such as operating expenses and maintenance expenses and the value status of the asset during its use. According to the above situation, through financial analysis, put forward relevant opinions on asset disposal.

in the fourth step, the technical department conducts technical evaluation on the safety, availability and loss degree of assets from a technical perspective, and puts forward relevant opinions on asset disposal according to the evaluation results.

step five, the asset management department comprehensively analyzes the opinions put forward by the financial department and the technical department and relevant materials, puts forward the final handling opinions, and submits them for approval according to the authority of asset disposal approval. The competent department shall be responsible for the examination and approval of the disposal matters below the prescribed limit; For the disposal matters above the prescribed limit, the competent department shall submit the audit opinions to the financial department for approval.

the financial department should review the authenticity and rationality of the disposal application and related materials, and go through the examination and approval procedures for those that meet the requirements. Step 6: After being approved by the competent department or the financial department, all units shall dispose of the assets in accordance with the approved disposal method, and go through relevant formalities in time.

accounting method

1. sale, free transfer or donation. Generally, the business of selling, transferring and donating fixed assets to the outside world in public institutions has to go through three steps:

1. Transfer the fixed assets to be processed and debit them according to the book value of the fixed assets to be processed. Loss of assets to be disposed of? Subject, according to the accrued depreciation, debit? Accumulated depreciation? Subject, according to the book balance of fixed assets, credited? Fixed assets? Subject.

2. When the fixed assets are actually sold, transferred or donated, they will be debited according to the non-current assets fund corresponding to the fixed assets. Non-current assets fund fixed assets? Subject, credit? Loss of assets to be disposed of? Subject.

3. The price obtained in the process of selling fixed assets, the related taxes and fees incurred, and the net loss after deducting the related taxes and fees from the sale price are all approved? Loss of assets to be disposed of? The subjects are accounted for.

2. damaged, scrapped or inventory loss business.

1. transfer the fixed assets to the assets to be disposed of and debit them according to the book value of the fixed assets to be disposed of? Loss of assets to be disposed of? Subject, according to the accrued depreciation, debit? Accumulated depreciation? Subject, according to the book balance of fixed assets, credited? Fixed assets? Subject.

2. when the report is approved for handling, it shall be debited according to the non-current asset fund corresponding to the disposal of fixed assets. Non-current assets fund fixed assets? Subject, credit? Loss of assets to be disposed of? Subject.

3. The income obtained in the process of disposing of damaged or scrapped fixed assets, the related expenses incurred, and the net loss after deducting the related expenses from the disposal income are passed? Loss of assets to be disposed of? The subjects are accounted for. ;