Fixed assets not required to be installed, tools and instruments prepared for production, intangible assets purchased and deferred expenses incurred during the capital construction period according to the project estimates are not accounted for through this account.
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The treatment of infrastructure project expenditure account
1. Under the "infrastructure project expenditure" account, set up the "construction project", "installation work ", "in the installation of equipment" and "amortized capital expenditures" four sub-accounts.
(1) "construction" sub-account. This sub-account accounts for enterprises in the capital construction period for the construction of houses, buildings and other civil engineering expenditures incurred, should be in accordance with the individual projects and unit projects for detailed accounting. Mainly includes the following:
Various houses and buildings and included in the housing project budget for heating, sanitation, ventilation, lighting, gas, fire and other equipment value and its installation of oil finishing works, included in the construction project budget for a variety of pipelines, electric power, telecommunications, cable conductor laying works.
Equipment foundations, pillars, benches, ladders and other construction works, various kiln masonry works, etc..
Building site arrangement for construction, demolition of original buildings and obstacles, land leveling, geological exploration stipulated in the design for construction, and cleaning and greening of the building site after completion of the project.
Mine excavation works, railroads, highways, bridges and other works.
Water conservancy projects: such as reservoirs, dams, irrigation canals and other projects.
Special projects such as air defense and underground construction.
(2) "installation project" subheading. This sub-account accounts for enterprises in the capital construction period for the installation of equipment, such as labor, materials, machinery and other costs incurred. Should be in accordance with the individual projects and unit projects for detailed accounting. Mainly includes the following:
Production, power, lifting, transportation, transmission and experimental, medical and other kinds of need to install equipment devices, assembly works, and equipment connected to the installation of workbenches, ladders, railings, the installation of equipment being installed insulation, corrosion, heat preservation, painting and other works.
Expenditures incurred for the determination of the quality of the installation works, the stand-alone test run and the system linkage no-load test run of the single equipment and system equipment.
(3) "in the installation of equipment" sub-account. This sub-account accounts for the actual cost of infrastructure projects led to the equipment being installed. This sub-account should be set up according to the unit project ledger, and according to the equipment varieties and specifications for detailed accounting.
(4) "amortized capital expenditures" sub-account. This sub-account accounts for the capital construction period in accordance with the provisions of the cost of fixed assets should be apportioned to the cost of the expenses. Specifically include the following:
Engineering management costs: including capital construction staff salaries, office expenses, travel expenses, depreciation of fixed assets for capital construction, the use of tools, stamp duty and other management expenses related to the project.
Land Acquisition Fee: refers to the compensation fees for ground attachments and seedlings, resettlement compensation fees and land reclamation fees incurred when the land is acquired through allocation. It does not include the land use right concession paid.
Feasibility study fee: including survey and design fee, research and test fee, feasibility study fee, etc.
Temporary Facilities Fee: including the temporary facilities lump sum fee allocated to the construction enterprise in accordance with the regulations, and the actual expenditure on temporary facilities incurred by the enterprise for its own construction.
Fundraising costs: including interest on borrowings, interest on bonds, bond issuance costs, exchange losses, etc., which should be borne by the infrastructure project.
Load joint commissioning costs: refers to the single project (workshop) in the delivery of acceptance before the commissioning of material for commissioning the commissioning costs incurred minus the difference between the commissioning revenue.
Contract notary fee and project supervision fee: refers to the contract notary fee and project supervision fee paid.
Taxes: including farmland occupation tax and fixed asset investment direction adjustment tax.
Project losses: losses due to natural disasters and other reasons such as the scrapping of individual projects or unit projects, the inventory loss and destruction of project materials.
Other: refers to other expenses other than those mentioned above that should be included in the cost of the project, such as power supply sticker fees, commercial network fees, etc.
2. The infrastructure projects contracted by the enterprise, according to the contract to the contracting enterprise prepayment of the project, materials, debit this account (construction or installation works - xxx project), credit "bank deposits" account. If the materials allocated to the contracting enterprise are used to offset the prepaid provisions, debit this account (construction or installation project - x x project) and credit the "project materials" account. When the equipment to be installed is delivered to the contracting enterprise for installation, debit this account (in the installation of equipment) and credit the "project materials" account. When settling the project price with the contracted enterprise, the retroactive payment is debited to this account (construction or installation project - xxx project) and credited to "bank deposits" and "accounts payable". "
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3. The enterprise's own infrastructure projects, the use of materials and supplies for the project, debit this account (construction or installation works - xxx project), credit "project materials" account. When the infrastructure projects use the raw materials of the enterprise, debit this account (construction or installation project - xxx project), credit "raw materials", "tax payable - xxx project" and "VAT payable - xxx project". -VAT payable (input tax transferred out)", the enterprise using the planned cost of materials for daily accounting, should also be allocated material cost differences. When the infrastructure project adopts the products of the enterprise, debit this account (construction project or installation project - a x x project) and credit "finished products" and "tax payable - value-added tax payable (output tax)". Output tax)".
When using the equipment to be installed, debit this account (in the installation of equipment), credit the "project materials" account.
The wages of the employees to be borne by the infrastructure project are debited to this account (construction or installation project - xxx project) and credited to the "wages payable" account.
Enterprise auxiliary production departments for the project to provide water, electricity, equipment installation, repair, transportation and other services, should be based on the actual cost of the month, debit this account (construction or installation works - x x project), credit "production costs - auxiliary production costs" and so on. -auxiliary production costs" and so on.
4. The project management fee, land acquisition fee, feasibility study fee, temporary facilities fee, notary fee, supervision fee, etc. incurred in the infrastructure project, debit this account (amortized infrastructure expenditures), credit "bank deposits" and other subjects.
The tax burdened by infrastructure projects is debited to this account (amortized infrastructure expenditures) and credited to the accounts of "tax payable" and "bank deposits".
Due to natural disasters and other reasons for the scrapping or destruction of a single project or unit of work, after deducting the value of the residual materials and the negligent person or the insurance company and other compensation for the net loss, after approval of the construction cost of the project to continue to construction, debit this account (to be amortized infrastructure expenditures), credit the account (construction or installation works -). ××x x project).
Project materials in the construction period of the loss and damage, reported for approval, debit this account (amortized infrastructure spending), credit the "project materials" account. Surplus construction materials, make the opposite accounting entry.
Infrastructure projects before the delivery of the costs incurred to carry out joint trial load, debit this account (amortized infrastructure expenditure), credit "bank deposits", "raw materials" and other subjects. The trial revenue, make the opposite accounting entry.
Interest on borrowed funds for infrastructure projects should be handled separately according to the accrued interest, which is incurred before the fixed assets have not been delivered and used, and is included in the cost of fixed assets under construction, debit this account (amortized infrastructure expenditures), credit "long-term borrowing" and "bonds payable" and other accounts; fixed assets are not yet delivered and used, and is included in the cost of fixed assets under construction, debit this account (amortized infrastructure expenditures), credit "long-term borrowing" and "bonds payable" and other accounts. If it is incurred after the fixed assets are delivered and used, it is recognized as current profit and loss, and is debited to the account of "Finance Expenses" and credited to the accounts of "Long-term Borrowings" and "Bonds Payable". "
Infrastructure projects with foreign currency borrowing, due to exchange rate changes in the exchange rate loss, belonging to the fixed assets have not yet been delivered to the use of the fixed assets occurring before the cost of fixed assets under construction, debit this account (amortization of infrastructure expenditures), credited to the "long-term borrowing" account; fixed assets delivered to the use of the fixed assets occurring in the current profit and loss, debit "finance costs" account, "long-term borrowing". When the fixed assets are delivered and used, they are recognized as profit and loss for the current period, and are debited to the account of "Finance Expenses" and credited to the account of "Long-term Borrowing". If the exchange gain, make the opposite accounting entry.
5. Infrastructure projects should be cleaned up after the completion of the remaining materials have been issued should be returned to the warehouse, debit "project materials" and other subjects, credit account.
When the infrastructure project is completed and delivered for use, the enterprise should calculate the cost of fixed assets delivered for use, the preparation of property schedules delivered for use. The cost of fixed assets delivered for use shall be calculated as follows:
(1) The cost of fixed assets such as houses, buildings, lines, etc., including: the cost of construction works and apportionment of amortized infrastructure expenditures.
(2) The cost of fixed assets such as power equipment and production equipment, including: the actual cost of equipment to be installed; the cost of installation work; the cost of construction work such as equipment foundations and pillars, or the cost of masonry boilers and all kinds of special furnaces; and the apportionment of pending amortized infrastructural expenditures.
The allocation method of the pending amortized infrastructural expenditures can be calculated according to the following formula:
(1) Allocation according to the actual allocation rate. Applicable to construction projects with a short construction period and all individual works of the whole project completed at one time.
Actual allocation rate = balance of the detailed account of amortized infrastructure expenditures ÷ (balance of the detailed account of construction works + balance of the detailed account of installation works + balance of the detailed account of equipment under installation) × 100%
(2) Allocation according to the allocation rate of the proposed budget. Applicable to construction projects with a long construction period and a single project completed and put into operation in installments.
Estimated budget allocation rate = (the total number of the proposed budget of each amortized infrastructure delivery projects - which can be directly allocated portion) ÷ (the proposed budget of the construction, installation and need to install equipment investment total) × 100%
(3) a fixed asset should be allocated to the amortization of infrastructure expenditure = the fixed asset of the cost of the construction, the cost of the installation project and the need to install equipment cost Total x Allocation Rate
The enterprise carries forward the cost of the infrastructure project according to the schedule of property delivered for use, and debits the account of "Fixed Assets" and credits the account of "Fixed Assets".
6. The closing balance of this account reflects the actual expenditures incurred by the enterprise for the unfinished infrastructure projects.