2002Journal of Sinopec Management InstituteRequires access

Strengthen Management of Fixed Assets and Standardize Accounting of Fixed assets

Sinopec Yanshan

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Abstract

In view of the special features that fixed assets occupies great proportions of the total assets in petrochemical business and the fact that practical fixed assets are not in accordance with the account, information is not true, there is assets out side of account, analysis are made; policies are raised in strengthening fixed assets management and accounting to allow the business to strengthen management, to raise profits, and to improve the quality of accounting quality.

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In view of the special features that fixed assets occupies great proportions of the total assets in petrochemical business and the fact that practical fixed assets are not in accordance with the account, information is not true, there is assets out side of account, analysis are made; policies are raised in strengthening fixed assets management and accounting to allow the business to strengthen management, to raise profits, and to improve the quality of accounting quality.

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Available abstract

In view of the special features that fixed assets occupies great proportions of the total assets in petrochemical business and the fact that practical fixed assets are not in accordance with the account, information is not true, there is assets out side of account, analysis are made; policies are raised in strengthening fixed assets management and accounting to allow the business to strengthen management, to raise profits, and to improve the quality of accounting quality.

Key concepts: Fixed asset, Business, Working capital, Accounting, Assets under management, Quality (philosophy), Return on assets, Finance

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