Fraud On Fixed Assets

(1) the division of fixed assets and low value consumable goods does not meet the required standards.

According to the financial system, the fixed assets of an enterprise are made up of houses, buildings, machines, equipment, utensils, tools, etc. that are used for more than one year, and those that do not belong to the main equipment, with a unit value of more than 2000 yuan and whose useful life for more than two years, also constitute a fixed asset. Those who do not possess the above conditions should be listed as low value and easily consumed products.

There are problems in the work of dividing the fixed assets and the low value and consumable products according to the above principles and standards.

Some enterprises list articles belonging to low value and easily consumed goods as fixed assets, and some enterprises list articles belonging to fixed assets as low value and easily consumed products.

The confusion in accounting is unclear.

Also caused the value of the two in the production and operation costs and expenses pfer formation and level of non-compliance, unreasonable.

In order to increase the cost and expenses, the enterprise will divide the items that conform to the fixed assets into low value and easily consumable items, and amortize them or amortize them at a time. In order to reduce the current cost and expenses, the articles that meet the standards of low value and consumable goods shall be allocated to fixed assets for management and their amortization speed shall be suspended.

This confusion standard will also lead to the change of asset structure, which will make the relationship between fixed assets and inventory take place. This will make accounting information wrong and directly affect the decision of investors.

(two) the classification of fixed assets is incorrect.

Fixed assets can be divided into seven categories.

(1) fixed assets for production and operation;

(2) fixed assets for non production and operation;

(3) leasing fixed assets;

4. There is no need to use fixed assets.

(5) not using fixed assets;

Land;

Finance is leased into fixed assets.

Enterprises can classify the fixed assets according to the actual situation, and the general enterprises are classified according to their economic uses and usage.

Whether the classification of fixed assets is correct or not is mainly related to the depreciation and depreciation of the fixed assets, which directly affect the calculation of the cost and cost of the enterprise, the determination of the financial results and the basis of calculating the income tax.

(1) incorporating fixed assets into fixed assets that are not used in production and operation will increase depreciation expense in the current period and increase production costs, which will lead to changes in the internal structure of fixed assets, increase the utilization rate of fixed assets, give false impression to the users of information, and make managers make wrong decisions.

(2) the fixed assets that are leased into the business leasing mode will be mixed with the fixed assets leased into financial leasing mode, so as to achieve the purpose of reducing or increasing depreciation expenses and artificially adjusting the financial results.

In accordance with the relevant regulations, the fixed assets rented by enterprises in the form of operating lease shall not be depreciated, and the leased enterprises shall be depreciated. The fixed assets that are leased into financial leases shall be depreciated according to the regulations.

If the depreciation of fixed assets leased into useful business leases is done, the result can only be artificially increased depreciation costs and increased production costs or period costs during the current period.

If the fixed assets leased by financial leasing are not depreciated, the result is to falsely reduce production costs or period costs.

These two results are all man-made disturbances to corporate financial results and taxes.

(3) there is an error in the classification of land.

Compensation for land acquisition related to the value of buildings and buildings shall not be included in the value of buildings or buildings.

When it is accounted as "land" alone, it reduces the original value of fixed assets, resulting in the confusion of fixed assets classification.

(three) the valuation of fixed assets is not accurate.

There are seven ways of pricing assets according to their sources:

(1) purchase of fixed assets;

(2) valuation of self built fixed assets;

3. The valuation of fixed assets pferred by other units;

(4) valuation of fixed assets by finance;

(5) valuation of reconstruction and expansion of fixed assets;

Accept the valuation of donated fixed assets;

Inventory valuation of fixed assets.

The valuation method and value structure of enterprises and the book value of arbitrary changes in fixed assets.

(1) valuation method.

New financial regulations for enterprises

(2) value structure

What happens to enterprises in the value structure of fixed assets

(3) arbitrarily changing the book value of fixed assets.

Some enterprises arbitrarily adjust or change the book value of fixed assets that have been accounted for regardless of state regulations.

For example, the fixed assets of the operating lease have been pferred, but the rental units should still manage the fixed assets, and the accounting department should account for them.