Accounting and valuation of fixed assets in a Chinese company

Abstract

Many practicing accountants think that the rules and ideas are unclear in the conduct of accounting, which is highly detrimental to the effective management of a company's operations in China. Therefore, it is extremely important to optimize the accounting and valuation of the company's fixed assets. On this basis, the accounting treatment of a company's fixed assets after the «VAT reform» and adjustments to the value added tax rate to guide the generation of company revenues and the increase in fixed assets is considered in this article.