What are the requirements for the quality of accounting information for the entry of fixed assets?

Reversed, the original price of fixed assets is transferred to liquidation.

Debit: Administrative Expenses - Depreciation Bonus Number.

Credit: Accumulated depreciation bonus number.

Debit: Fixed asset disposal 29000

Credit: Fixed Assets - Tai Instrument 29000

Borrow: Bank deposit 29000

Credit: Fixed assets disposal 29000

When returning, if the other party requests that the invoice be returned, the invoice will be copied as an attachment to the disposal of fixed assets.

The fixed assets items should meet the quality requirements of accuracy, completeness, reliability, legitimacy and comparability of accounting information based on accounts. - Accuracy: The data filled in by the fixed asset project should be accurate and accurate, and there should be no deviation.

Completeness: The data filled in by the fixed asset item should be comprehensive and complete, and there should be no omissions. - Reliability:

Comparability: The data filled in by the fixed asset project should be comparable, so that the data of different periods or different enterprises can be compared.

Summary. Fixed asset items should meet the quality requirements of accounting information such as accuracy, comparability, reliability, completeness and timeliness.

Fixed asset items should meet the quality requirements of accounting information such as accuracy, comparability, reliability, completeness and timeliness.

Only write one accounting information quality requirement.

Write which. Fixed asset items refer to long-term assets owned, used, or leased by a company, including buildings, equipment, machinery, vehicles, etc. The items of fixed assets need to meet the requirements for the quality of accounting information according to the accounts, specifically, they should have the characteristics of accuracy, completeness, reliability, comparability, credibility and validity.

In order to meet these requirements, the following points should be paid attention to when filling in the fixed asset project account: Accurate records: The information of the friends should be consistent with the actual situation, and there should be no errors or errors.

Complete records: All fixed asset items should be filled in the accounts, and no items should be omitted. Reliable Records:

All information should be able to be corroborated by physical objects, documents or other reliable supporting materials. Comparability of records: The accounts for fixed asset items should be presented in a uniform unit of measurement so that they can be compared with those of other companies.

Credibility of records: All information should be supported by third-party evidence or other credible evidence. Record Validity:

All the information should be able to reflect the real situation of the fixed asset project.

If I was asked to write only one accounting information quality requirement, I would choose to write accuracy. Accuracy means that the accounting information should be able to reflect the actual situation and be consistent with the facts. This is one of the most basic and important requirements for the quality of accounting information.

If the accounting information is inaccurate, it means that it does not reflect the actual situation, which can lead to decision-makers making wrong decisions based on the wrong information, resulting in losses. Therefore, accuracy is the foundation of the quality of accounting information and is the key to accounting work. When making accounting records and reports, attention should be paid to ensuring the accuracy of the information and ensuring the authenticity and legitimacy of the records.

Specifically, accounts should be kept up to date and consistent using reliable information** and recorded in accordance with prescribed accounting policies and accounting standards.

It mainly includes reliability, relevance, clarity, comparability, substance over form, importance, prudence, and timeliness, among others.

For example, a company found that the company's sales shrank at the end of 207 and could not achieve the sales revenue target determined at the beginning of the year, but considering that around the Spring Festival in 20 8, the company's sales may increase significantly, the company predicted the sales of inventory goods in advance, and made a number of inventory vouchers at the end of 20 7, and confirmed the realization of sales revenue. The company's treatment is not based on its actual transactions, but fictitious transactions, which violates the principle of reliability of accounting information quality requirements and the provisions of China's accounting law.

In another example, if an enterprise sells goods in accordance with a sales contract but signs a sale-sale repurchase agreement, although the income is realized in legal form, if the enterprise does not transfer the main risks and rewards of the ownership of the goods to the purchaser and fails to meet the conditions for revenue recognition, even if the sales contract is signed or the goods are delivered to the buyer, the sales revenue should not be recognized.

The quality requirements of accounting information include: reliability (the requirement is to be confirmed, measured and reported based on the actual transactions or events), relevance (the accounting information provided is required to be related to the economic decision-making of the users of the financial report), comprehensibility (the accounting information provided should be clear and easy for users to understand), comparability (the accounting information of the same entity in different periods and different entities in the same period should be of the same caliber and comparable with each other, such as accounting standards stipulate that the accounting measurement method cannot be changed arbitrarily, etc.), Substance is more important than form (such as financial lease fixed assets are regarded as self-owned assets for depreciation), materiality (financial statements should reflect all important transactions and events, whether important or not is different relative to each specific subject, if some enterprises stipulate that the amount is more than 3,000 yuan is an important matter, and some stipulate that more than 30,000 yuan is a general matter), prudence (enterprises are required to be cautious in the recognition, measurement and reporting of transactions or events, and should not overestimate assets or income, underestimate liabilities or expenses, etc.), Timeliness (transactions or events that have occurred should be confirmed, measured and reported in a timely manner, and should not be advanced or delayed).

The use of present value measurement for individual assets reflects the quality of financial accounting information, and prudence requires that assets be measured at present value, which should reflect prudence and must not overestimate assets.

Read More - Accounting Information Quality Requirements

1) Reliability, which requires authenticity and completeness, such as not making less or more entries. (2) Relevance, which is useful for users of financial statements, such as distinguishing between current and non-current assets, current liabilities and non-current liabilities. (3) Comprehensibility, "clear and clear", such as the names of some accounting subjects, you can know what they mean at a glance.

4) Comparability, find a basis for comparison, such as your own other periods or other enterprises. (5) Substance is more important than form, find out whether accounting and legal treatment are different, for example, the commodity has been sold, but the enterprise temporarily retains the legal ownership of the commodity, then the legal revenue is recognized, but the accounting does not recognize the income. (6) Importance, depending on the "nature and amount", for example, accounting errors with a small amount will be included in the current profit or loss, and will not be adjusted retroactively; (7) Prudence, "not overvaluing assets or earnings, not underestimating liabilities or expenses", such as impairment of assets.

8) Timeliness, not early or delayed, such as the expense that should have been recorded on December 30, in order to increase profits, recorded on January 3 of the following year, etc.