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Guangzhou Municipal Bureau of Education
Guangzhou Municipal Bureau of Finance documents
Guangzhou Municipal Bureau of Labor and Social Security
Spike Education and Finance Fundamental [2005] No. 19
On the issuance of the "Guangzhou City, private school financial
accounting management regulations," the notice
Districts (county-level cities) Education Bureau, Finance Bureau, Bureau of Labor and Social Security, municipal directly managed private schools:
In order to implement the "People's Republic of China *** and the State Private Education Promotion Law" and its implementing regulations, and to further strengthen the city's various types of private schools of the financial management and accounting, and to promote the healthy development of the cause of private education in the city. The Regulations on Financial and Accounting Management of Private Schools in Guangzhou are hereby issued to you, please follow them. If you encounter any problems in the course of implementation, please reflect them to the Municipal Education Bureau, the Finance Bureau and the Bureau of Labor and Social Security.
Municipal Education Bureau, Municipal Finance Bureau, Bureau of Labor and Social Security
June 8, 2005
Guangzhou City, private school financial accounting management regulations
Article 1 In order to regulate the private school financial accounting work, standardize the financial management, to strengthen accounting, to ensure that the quality of accounting information, and to promote the healthy development of the cause of the city's private education, according to the "Chinese People's Republic of China *** and the National People's Congress". People's Republic of China *** and the promotion of private education law and its implementing regulations, the People's Republic of China *** and the State Accounting Law, as well as the Ministry of Finance issued by the General Principles of Enterprise Finance, Accounting Standards for Enterprises, Enterprise Accounting System and Small Business Accounting System and other relevant regulations, to formulate the provisions of this.
Article 2 These regulations apply to all private schools, including colleges and universities, secondary vocational schools, middle schools, elementary school and other training institutions, approved or managed by the city, which comply with the provisions of the "Law of the People's Republic of China on the Promotion of Private Education", and whose funders demand a reasonable return.
Article 3 The private schools whose funders do not require a reasonable return shall implement the Accounting System for Private Non-profit Organizations; the private schools whose funders require a reasonable return, do not raise funds externally, and are small in scale may choose to implement the Accounting System for Small Enterprises; and the private schools whose other funders require a reasonable return shall implement the Accounting System for Enterprises.
Private schools are independent, self-financing school-run industries to implement the corresponding enterprise accounting system, and regularly submit accounting statements to the private school.
The accounting system implemented by private schools shall not be changed arbitrarily once determined, and shall be disclosed in the notes to the accounting statements.
Article 4 private schools engaged in accounting work, shall obtain the accounting qualification certificate according to law; not equipped with accounting personnel, shall be entrusted with the establishment of intermediary organizations approved to engage in accounting agency bookkeeping business agent bookkeeping.
Article V private schools shall establish and improve the internal financial management system and accounting control system, standardize the school financial accounting management.
Article 6 The private school revenue is divided into main business income, other business income, investment income and non-operating income.
The main business income refers to the private schools through the provision of academic and non-academic education to the educated tuition, miscellaneous fees, accommodation fees and other school income, including academic education income, non-academic education income, as well as private schools to accept the people's government at or above the county level to undertake the task of compulsory education to obtain the education funding subsidies.
Other business income refers to the income from businesses other than the main business of the private school, mainly including rental income and school research income.
Investment income refers to the income earned by private schools investing in work-study programs and other external investments Non-operating income includes income from donations to schools and other non-school-running income.
(-) Donation income refers to the voluntary donations from the educated.
(2) other non-school income, refers to the income other than the above income, including fixed asset surpluses, net proceeds from the disposal of fixed assets, income from fines, debt restructuring proceeds really can not pay the accounts payable, and so on.
Article 7 The academic education income and non-academic education income collected by private schools according to the academic year, semester or section shall be apportioned to each teaching month according to the principle of the accrual system Donation of funds for education shall be recognized as income in the current period.
If the students drop out of the school, the tuition and fees refunded and the donations are directly deducted from the current month's income.
Article VIII of the private school revenue must use the state's legal bills, income must be included in the school budget, unified management, unified accounting.
Article IX of the private school fees should be used mainly for educational and teaching activities and improve the conditions of school, shall not be diverted to other uses.
Article 10 The expenditure of private schools, including the main business costs, main business taxes and surcharges, management costs, financial expenses, other business expenses, non-operating expenses.
(a) The main business costs include academic education expenditure, non-academic education expenditure.
Expenditure items include teachers' salaries, allowances, subsidies, bonuses, social insurance premiums, welfare fees, labor union funds, education expenses, rental fees and depreciation of teaching space facilities and equipment directly related to teaching, expenditure on teaching and research activities, and expenditure on teaching materials.
(ii) Main business taxes and surcharges include business tax, urban construction tax, education surcharge and levee protection fee directly related to teaching revenue.
(iii) Administrative expenses include salaries, allowances, subsidies, bonuses, social insurance premiums, welfare fees, labor union funds, education expenses, rental fees and depreciation expenses for non-teaching facilities and equipments, hospitality expenses, meeting expenses, printing expenses, office expenses, expenditures for special materials, labor expenses, utilities, postage, telephone communication expenses, heating expenses, property management expenses and other expenses. heating costs, property management fees, transportation costs, travel expenses, maintenance costs, stamp duty, and administrative fees paid by the school.
(d) Finance costs include interest expenses, exchange losses (less exchange gains) and related fees.
(v) Other operating expenses refer to the relevant costs and expenses incurred by private schools engaged in other business activities.
(f) Non-operating expenditures refer to the expenditures that are not directly related to the operating activities of the private school, including fixed asset losses, net losses on disposal of fixed assets, losses on the sale of intangible assets, fine expenditures, extraordinary losses, etc.
The first section of this report is about the non-operating expenditures of the private school, which are not directly related to the operating activities.
Article 11 The income from academic education and non-academic education, expenditure on academic education and expenditure on non-academic education of private schools shall be clearly delineated; expenditure items that cannot be clearly delineated shall be apportioned to the relevant items with reasonably determined criteria; once the apportionment criteria are determined, they shall not be changed in the current year, and if they need to be changed in the next year, the changes shall be handled according to the prescribed procedures; and the content, reasons and impact of the changes shall be explained in the notes to the accounting statements. And in the notes to the accounting statements to explain the content, cause and effect of the change.
Article 12 The scope of expenditure of private schools, the state has provisions, should be strictly in accordance with the provisions of the implementation; without provisions, private schools should be clearly stipulated.
Article 13 The fixed assets of private schools should be set up and registered by category ledger, regular inventory and reconciliation, to ensure that the account is consistent with the real, the account is consistent.
The large quantities of small durable items purchased by private schools should be included in fixed assets for management and accounting.
Article 14 The fixed assets of private schools shall be depreciated, and the depreciation period is generally:
(-) 20 years for houses and buildings;
(b) 10 years for special equipment, transportation and displays;
(c) 5 years for general equipment, books and other fixed assets. for 5 years.
Article 15 Specialized funds refer to the following funds withdrawn by a private school in accordance with the relevant state regulations and the needs of running a school:
(1) Development fund. At the end of each fiscal year, the private school shall withdraw the development fund from the annual net income at a ratio of not less than 25% of the annual net income for the construction, maintenance and purchase and renewal of teaching equipment of the private school.
Annual net income refers to the balance of the private school's annual income after deducting the cost of running the school.
(ii) Scholarship Fund. Scholarship fund refers to the funds withdrawn from the school balance or donated by enterprises, social organizations and individuals in accordance with the ratio determined by the board of directors and other decision-making bodies, which are used to pay for student scholarships, grants, remuneration for carrying out work-study activities, and subsidies for students in difficulty.
(ii) Risk margin. Risk deposit is a risk prevention fund withdrawn from the school balance according to the resolution of the board of directors and other decision-making bodies, and is used for the aftermath of accidents and school termination in private schools.
(d) private schools in accordance with state regulations and the resolution of the board of directors and other decision-making bodies to withdraw other funds for specific purposes.
The special funds of private schools should be separately accounted for and earmarked.
Article 16 of the private schools have designated projects and purposes and require separate accounting of special funds, shall be reported to the competent departments of education at the end of each year, the use of funds; project completion, it should also be submitted to the final accounts of funds and the use of the effect of the written report, and accept the competent departments of education, inspection and acceptance.
Article 17 The private school contributors can be distributed at the end of each fiscal year from the balance of the school by a certain percentage of a reasonable return.
The operating balance refers to the balance of the private school after deducting the annual net income formed by the cost of running the school, deducting the social contributions, state-funded assets, and in accordance with the "People's Republic of China *** and the State of Private Education Promotion Law Implementation Regulations", the development of the fund set aside, as well as in accordance with the relevant provisions of the State to withdraw other necessary expenses.
Distributable operating balance means the balance of the operating balance after deducting the scholarship fund, risk guarantee and other necessary expenses in accordance with the regulations for private schools.
Article 18 On the basis of the accounting accounts set up by the Accounting System for Enterprises and the Accounting System for Small Enterprises, private schools may set up the following additional accounts according to their business needs:
(1) Short-term investment and long-term equity investment accounts are set up under the second-level account of "Investment in Foreign Work-Study Programs".
1. This account accounts for private schools with monetary funds, in-kind, intangible assets, etc., to the independent accounting of the investment in work-study projects (excluding private schools established by law attached to the non-independent accounting of the school-run industry).
2. To invest in work-study projects with monetary funds, debit "short-term investment - investment in foreign work-study projects" or "long-term equity investment - investment in foreign work-study projects". Investment in foreign work-study programs", credited to "bank deposits" and other subjects.
3. If the value recognized in the contract is higher than the book value when investing in work-study projects with assets other than money, debit "Short-term Investment - Investment in Work-Study Projects" or "Long-term Equity Investment - Investment in Work-Study Projects" or "Long-term Equity Investment - Investment in Work-Study Projects" in accordance with the value recognized in the contract and the tax to be paid, or credit "Bank Deposit". Long-term equity investment - investment in foreign work-study programs": when investing in work-study programs with fixed assets, debit "Accumulated depreciation" according to the depreciation provided; credit "Fixed assets". Fixed Assets", "Inventory", "Intangible Assets", "Taxes Payable", etc., and the difference is credited to "Capital Stock". The difference is credited to "capital surplus". If the recognized value of the contract is lower than the book value, the difference is debited to "Short-term investment - investment in foreign work-study projects" or "Long-term equity investment - investment in foreign work-study projects" according to the recognized value of the contract and the tax payable. --When investing in the work-study program with fixed assets, debit the "Accumulated Depreciation" account according to the depreciation provided; credit the "Fixed Assets", "Inventories", "Property, Plant and Equipment", "Property, Plant and Equipment" and "Property, Plant and Equipment". When investing in fixed assets for work-study programs, the depreciation is debited to "Accumulated Depreciation", and the difference is credited to "Fixed Assets", "Inventory Materials", "Intangible Assets", "Taxes Payable", etc. The difference is debited to "Non-Operating Expenses". The difference is debited to the "non-operating expenses" account.
4. When recovering the investment in the work-study program, debit "bank deposits", "inventory", "fixed assets" and other subjects, and credit Short-term investment--investment in foreign work-study programs" or "Long-term equity investment--investment in foreign work-study programs".
5, this account should be set up according to the investment object ledger, detailed accounting.
6. The debit balance of this account at the end of the period, reflecting the total amount of private school investment in work-study programs.
(2) the addition of the liability category of the first-level account "advance receipts" account, and under the second-level account "academic education fees" and "non-academic education fees".
1. "Academic Education Charges" accounts for the tuition and miscellaneous fees received in advance at the beginning of each semester or school year from those receiving academic education. Private schools receive academic education fees, debit "bank deposits" and other subjects, credit "advance receipts - academic education fees"; recognition of income: debit When recognizing revenue, debit "Advance Receipts - Academic Education Fees" and credit "Revenue from Main Business - Academic Education Revenue".
2.
2. "Non-academic education charges" accounts for the non-academic education fees received in advance at the beginning of each semester or school year. When the private school receives the tuition and miscellaneous fees of non-academic educators, debit "bank deposits" and other subjects, credit "advance receipts - non-academic education fees": when recognizing revenue: debit When revenue is recognized, it is debited to "Advance Receipts - Non-educational Education Fees" and credited to "Revenue from Main Business - Non-educational Education Revenue".
(3) The first-level account "Scholarship Fund" is added to the liability category.
1. This account accounts for private schools to provide scholarships, grants. This account should be set up "scholarships", "grants" two secondary accounts for detailed accounting. At the end of the month, the balance of this account to the balance sheet of the "other current liabilities" item to reflect.
2. The accrual and use of scholarships and grants by private schools to determine their own methods. Scholarships, grants, debit "profit distribution - scholarship fund" account, credit "scholarship fund" account; payment, debit When paying, debit the "Scholarship Fund" account and credit the "Cash" account
3. The credit balance at the end of the period reflects the scholarships and grants that have been accrued but not yet paid by the private school; the debit balance at the end of the period reflects the difference between the actual expenditure of the private school and the accrued amount, which is larger than the accrued amount. Greater than the difference between the number of accruals, that is, the need to make up for the scholarship fund.
(d) Other accounts payable account under the secondary subject "escrow".
1. This subject accounts for private schools to accept entrusted collection, escrow of all kinds of money.
2. This account should be collected on behalf of the various types of money in escrow items for detailed accounting, such as the purchase of textbooks on behalf of the purchase of uniforms on behalf of the money, on behalf of the management of the student canteen meals, accommodation fees and other money collected on behalf of the escrow.
3. Private schools receive the money received on behalf of the escrow, debit "bank deposits" and other subjects, credit "other accounts payable - escrow". On behalf of the branch for the various collection of escrow payments and the subsequent settlement of the return of the balance, debit: "other accounts payable to the management of the money", credit "bank deposits" and other subjects.
(E) surplus surplus account under the secondary account "legal surplus (development fund)"
1. This account accounts for private schools to withdraw the development fund.
2. When the development fund is withdrawn according to the regulations, it is debited to the account of "Profit Distribution - Withdrawal of Statutory Surplus Surplus (Development Fund)", and credited to the account of "Surplus Surplus Surplus - Statutory Surplus Surplus (Development Fund)". -Legal surplus reserve (development fund)" account.
3. The credit balance at the end of the period reflects the balance of the development fund withdrawn by the private school.
(F) surplus surplus account under the secondary account "arbitrary surplus surplus (risk margin)".
1. This account accounts for the private schools to determine their own from the operating balance of the risk margin.
2. When withdrawing the risk margin, debit the "profit distribution - withdrawal of arbitrary surplus reserves (risk margin)" account, credit "surplus reserves - - arbitrary surplus reserves (risk margin)" account, credit "surplus reserves (risk margin)" account, credit "surplus reserves - - arbitrary surplus reserves (risk margin)" account, credit "surplus reserves - - arbitrary surplus reserves (risk margin)" account. -The "surplus surplus (risk margin)" account.
3. The credit balance at the end of this account reflects the balance of the risk margin drawn by the private school.
(7) The main business income under the second level of subjects "academic education income", "non-academic education income".
1. "Academic education income" and "non-academic education income" account for private schools to collect revenue.
2. private schools receive school income, debit "bank deposits" and other subjects, according to whether the income of academic education were credited to the "main business income - academic education income "or" main business income - non-educational education income ".
(H) non-operating income under the account of the second level account "donations to schools".
1. This account accounts for the private school in the beginning of the education of the students received at the beginning of the school building subsidies.
2. Private schools to collect donations, debit "bank deposits" and other subjects, credit "non-operating income - donations to the school income" subject.
(IX) non-operating income under the second level subjects "other non-school income"
1. This account accounts for private schools other than the above income.
2. Private schools to obtain other non-school income, debit "bank deposits" account, credit "non-operating income - other non-school income".
Article 19 private schools to implement the "Enterprise Accounting System", "Small Business Accounting System", the relevant content in the following accounts:
(a) the current year's balance of the use of the "profit for the year" account;
(b) distribution of the balance of the use of the "profit distribution" account "Profit Distribution" account;
(3) Adjustment of previous years' school balances using the "Adjustment of Prior Years' Profit and Loss" account
Article 2 The provisions of this regulation shall come into force on July 1, 2005 onwards.