related to asset management

[2014-04-18  Author: OAA  Hits 142  times]
 

The Disposal Procedure of Fixed Assets Scrap and Breakage above 5 Million (Including 5 Million)

 1.   Secondary units using assets submit application for fixed assets scrap and breakage and fill up “SWJT University Fixed Assets Scrap and Breakage Application Form. (See Table 1)

2.   Assets management departments accept the application and organize demonstration.

3.   If the assets are under irregular breakage, determine the cause and conform the responsibility. Propose treatment scheme to university leader for examination and verification. Then submit it to the principals’ office council.

4.   If the assets are not under irregular breakage, according to results of demonstration of Step Two, propose treatment scheme to university leader for examination and verification. Then submit it to the principal’s office council.

5.   The principal’s office council discusses and examines the scheme and proposes suggestion to the Permanent Committee of University for verification.

6.   After verification, the Permanent Committee of University proposes suggestions.

7.   If it is submitted to Ministry of Education, assets management departments collect materials and fill out “Central Level Public Institutions State Assets Disposal Application Form” (See Table2) and submit it to University Assets Management Office.

8.   University Assets Management summarizes the materials and submits them to Ministry of Education.

9.   Assets management departments handle account according to suggestion made by Ministry of Education.(value account, entity account)

Attached Table 1: SWJT University Fixed Assets Scrap and Breakage Application Form.

Attached Table 2: Central Level Public Institutions State Assets Disposal Application Form


 

The Disposal Procedure of Fixed Assets Scrap and Breakage Above 1 Million and Below 5Million

1. Secondary units using assets submit application for fixed assets scrap and breakage and fill up “SWJT University Fixed Assets Scrap and Breakage Application Form. (See Table 1)

2. Assets management departments accept the application and organize demonstration.

3. If the assets are under irregular breakage, determine the cause and conform the responsibility. Propose treatment scheme to university leader for examination and verification.

4. If the assets are not under irregular breakage, according to results of demonstration, propose treatment scheme to university leader for examination and verification.

5. The principal’s office council discusses and examines the scheme and proposes suggestion.

6. If the council approves the scheme, assets management departments handle account (value account, entity account), organize the materials and submit them to Ministry of Education and University Assets Management Committee Office for filing.

     Attached Table 1: SWJT University Fixed Assets Scrap and Breakage Application Form.


The Disposal Procedure of Fixed Assets Scrap and Breakage Below 1 Million

1. Secondary units using assets submit application for fixed assets scrap and breakage and fill up “SWJT University Fixed Assets Scrap and Breakage Application Form. (See Table 1)

2. Assets management departments accept the application and organize demonstration.

3. If the assets are under irregular breakage, determine the cause and conform the responsibility. Propose treatment scheme

4.   If the assets are not under irregular breakage, according to results of demonstration, propose treatment scheme.

5.   Assets Management Department or university leaders put forward suggestion with the limits of examination and approval authority.

6. If they approve the scheme, assets management departments handle account (value account, entity account) according to the suggestions, organize the materials and submit them to Ministry of Education and University Assets Management Committee Office for filing.

Attached Table 1: SWJT University Fixed Assets Scrap and Breakage Application Form.


Assets Evaluation

1. Conduct assets evaluation to any of the seven situations(Note ①) for which assets evaluation is necessary in Ministry of Finance Oder No.36. Public Institution State Assets Management.

2. Relevant units submit Assets Evaluation Application to Assets Management Section in Assets Management Office.

3.  Minor projects are examined and approved by Assets Management Office.

4.  Major projects should be submitted to University State Assets Management Committee for examination and verification.

5. Approved or Verified

6. Assets Management Office on behalf of the university hires or entrusts assets evaluation agencies. Assets evaluation application units should provide assets evaluation agencies with authentic materials.

7. Assets evaluation agencies conduct the evaluation and issue the results.

Note ① seven situations

1. Partly or wholly transformed to enterprise.

2. External investment in non-monetary assets

3. Merge, separate, and liquidate.

4. Assets auction, transference, and replacement.

5. Partly or wholly rented by non-state owned enterprise.

6. Determine assets value involved in lawsuits.

7.Others items demanding evaluation regulated in law and administrative regulations.

Registration of Property Rights

     1.  Apply for property right registration in any of the three situations (Note 2) for which assets registration is necessary in Ministry of Finance Oder No.36. Public Institution State Assets Management.

     2. Relevant units submit assets registration materials to Assets Management Section in Assets Management Office.

Assets Management Section summarizes the materials and apply to State-owned Assets and Enterprises Section in Division of Treasury in Ministry of Education. 

Liquidation and Verification of Assets

    1. Every year, specific assets management departments should conduct regular examination within system.

    2. Property users fill up the detail list with authentic information about every assets overage and shortage and enclose herewith analysis and explanation. Submit materials to specific assets management departments.

    3. Specific assets management departments examine, verify, summarize materials and submit them to Assets Management Office.

    4.  Assets Management Office examines ,verifies, summarizes materials 

    5. Minor matters, after verification should be put into account reconciliation according to limits of examination and approval authority and procedure.

    6. Major matters should be submitted to Assets Management Committee for examination and approval.