Analysis of Fixed Asset Accounting in Public Service Institutions under the New Accounting System

DOI

10.2991/978-94-6463-408-2_2How to use a DOI?

Keywords

New accounting system; Public service institutions; Fixed assets; Asset accounting

Abstract

With the implementation of the new government accounting system, there have been significant changes in the accounting of fixed assets in public service institutions. Financial professionals are required to adjust their fixed asset accounting methods to align with these new changes. This paper provides a detailed analysis of key aspects encompassed in fixed asset accounting, including asset classification, asset recognition and measurement, depreciation policies, asset impairment losses, asset disposal, and information disclosure. The aim is to explore the impact of the transformation in fixed asset accounting under the new accounting system on accounting practices in public service institutions. This research intends to assist financial professionals in accurately understanding the new government accounting standards and promote precision, standardization, and scientific management in the accounting of fixed assets in public service institutions.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xue Yang
AU  - Yan Gao
PY  - 2024
DA  - 2024/05/07
TI  - Analysis of Fixed Asset Accounting in Public Service Institutions under the New Accounting System
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 4
EP  - 9
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_2
DO  - 10.2991/978-94-6463-408-2_2
ID  - Yang2024
ER  -