Research on Accounting of Cultural Relics and Cultural Assets in Colleges and Universities

Abstract

—Colleges and universities have implemented the "Government Accounting System" since 2019, cultural relics and cultural assets are an important public resource for the control and management of colleges and universities, they need to be confirmed, measured and included in the government financial report in accordance with the accrual accounting basis. This paper discusses the definition, confirmation and measurement of cultural relics and cultural assets in colleges and universities. This paper believes that cultural relics and cultural assets include tangible “cultural relics” and intangible “cultural assets”, and most of the cultural relics and cultural assets owned or controlled by universities are cultural relic assets. Cultural relics and cultural assets that can obtain reliable costs should be measured at historical cost, and for costs that cannot be reliably obtained, they should be measured at a nominal cost. Scientifically and accurately accounting and reporting on cultural assets of colleges and universities not only help colleges and universities adapt to the requirements of the government accounting system, but also improve the information quality and integrity of government financial reports. At the same time, it is in line with international standards and is also conducive to strengthening the government's management, utilization and protection of cultural assets.