Research On The Depreciation Of University Fixed Assets Based On Meticulous Management

Abstract:As an important part of university assets, fixed assets are the essential material foundation for universities to carry out their functions of teaching, scientific research and service. The depreciation of university fixed assets is always a hot research direction for scholars. However, most of the domestic researches are mainly about the meaning of depreciation of university fixed assets, the research on the specific depreciation pattern of university fixed assets still needs to be further exploration. The University’s Financial System, which came into effect in2013, requires the depreciation of university fixed assets, but the provisions are so extensive that the actual operation of universities is in trouble. It provides an opportunity for this paper.Literature research method, standardized research method and case study method are applied in this paper. Referencing on the practices of fixed asset depreciation of universities in some developed countries, as USA and UK, we design a suitable depreciation pattern to China’s colleges and universities on the basis of the management status of Chinese university fixed assets, and following the three levels of the theoretical system of meticulous management. In this pattern, the specificity, physical properties and wear characteristics of all types of fixed assets are fully taken into account in the division of depreciation area, the detailed classification of fixed assets and the meticulous determination of factors of depreciation, such as depreciation life and so on. This paper introduces the theoretical system of meticulous management to Chinese universities’fixed asset depreciation for the first time, which more accurately reflecting the actual wear and tear of university fixed assets. Some relevant suggestions on the probable difficulties and problems encountered in the process of using the pattern are proposed. The case studies show that the depreciation pattern is scientific and of operability, which provides certain guiding significance for the depreciation of university fixed assets. There are5graphics,14charts and52references in this paper.