Study On Loss Of Income In The Disposal Of Fixed Assets Of State-owned Enterprises

Since the reform and opening up,the rapid development of our country's economy has gained worldwide attention.In China's huge economic volume,the proportion of state-owned assets is huge,and it plays a decisive role in influencing the national economy.As China's economy soars,the scale of assets of state-owned enterprises is also expanding.In the process of the development of state-owned enterprises,the life cycle of assets is also experiencing one cycle after another.With the continuous deepening of reform and opening up and the continuous development of the socialist economy,China's state-owned enterprises are undergoing deeper reforms,and the problem of the loss of state-owned assets is also constantly highlighted in this process.The loss of state-owned assets has seriously eroded the lifeblood of national economic development,incited the foundation for the development of the state-owned economy,and threatened the continued operation and development of the enterprises.This article focuses on the problem of the loss of assets in the scrapping of fixed assets in state-owned enterprises.Fixed assets account for a large proportion of the assets of state-owned enterprises.The fixed assets whose life cycle reaches the end-of-life disposal stage cannot be ignored.However,in the actual accounting treatment and management process,because the retired fixed assets have already withdrawn from the company's normal production and operation,and at the same time,accounting is also transferred out of the books at one time,the management at this stage is very easy to create loopholes.Although some enterprises cannot continue to participate in production and operations,they can continue to create economic value in other companies.Therefore,they can still dispose of fixed assets that can still generate income in the market.They often have low or no income from disposal,and even cause non-operating expenses.An unexpected situation occurred.With the reform of the state-owned economic system,the research on the loss of state-owned assets and state-owned assets emerges in an endless stream.There are many papers on the operation and management of state-owned assets.For the problem of the loss of state-owned assets,the existing studies have always conducted a comprehensive analysis of the whereabouts,forms,and channels of the loss of state-owned assets in order to curb the momentum of asset loss.However,in view of the loss of state-owned assets in the process of retirement of fixed assets of state-owned enterprises,few scholars have focused their attention on this issue.The link between specific accounting treatment methods and the loss of state-owned assets in this process has not yet been explored by scholars.Based on the above-mentioned phenomena and research status,this paper studies the problem of the loss of assets in the disposal of state-owned enterprises during the disposal of fixed assets.In terms of theoretical research,it first defines the basic concepts related to the retirement of fixed assets of state-owned enterprises and the loss of state-owned assets.Secondly,the research on the loss of state-owned assets during the reform of state-owned enterprises was reviewed.On this basis,this paper summarizes the current state of asset loss in the process of disposal of fixed assets in state-owned enterprises,including the current business management processes and accounting treatment methods for disposal of fixed assets of state-owned enterprises,and sorting out the disposal process of fixed assets of state-owned enterprises.The form of asset loss has roughly estimated the total loss of China's state-owned assets at this stage,and analyzed the reasons for the existence of such loopholes in the scrapping of fixed assets from an accounting perspective.The article argues that the principle of prudence in accounting requires that the value of assets must not be overestimated.Therefore,the book value of a fixed asset at disposal is always less than or equal to its recoverable amount,which may underestimate the true value of the asset,resulting in less disposal income than recoverable.The amount,the difference between the two,is the outflow of benefits from the company.Finally,the countermeasures are given in terms of the evaluation of assets in laws,policies,and retirement processes,business operations,and corporate governance.