1. Accounting generally adopts cash basis, but accounting for some economic businesses or events adopts accrual basis. In order to reflect the implementation of the budget, the accounting of public institutions is mainly based on cash basis, and the income is generally recognized when the money is actually received, and the expenditure is generally recognized when the money is actually paid.

Institutions carry out accounting for their business activities according to the accrual basis principle, and also adopt accrual basis accounting for some economic businesses or events such as accounts receivable.

Two, the accounting goal of public institutions is to provide accounting information users with accounting information related to the financial situation, business achievements and budget implementation of public institutions. Therefore, the accounting statements of public institutions include balance sheet, income and expenditure statement and financial subsidy income and expenditure statement, which reflect the financial status of public institutions on a specific date and the operating results and budget implementation in an accounting period. Among them, the financial subsidy income statement reflects the income, expenditure, carry-over and balance of financial subsidies in a fiscal year of public institutions.

Third, all property and materials should be measured according to the actual cost at the time of acquisition or purchase. Except as otherwise provided by the state, institutions shall not adjust their book values by themselves.