income sources
The funds legally obtained by the school in various business activities that do not need to be repaid are all sources of income for the school. These include financial subsidies, superior subsidies, business income, business income, contributions from affiliated units, other income and capital construction funds.
Financial subsidy income
Financial subsidy income is all kinds of business funds obtained by the school from the financial department according to the approved budget and the relationship between fund receipt and payment.
Commercial income
Business income is the income obtained by the school to carry out professional business activities and auxiliary activities.
Recognition of income
The income of the school should be confirmed when the money is actually received. However, the income of long-term projects should be reasonably recognized according to the annual completion schedule. If the income obtained by the school is in kind, its value shall be confirmed according to relevant documents; If no vouchers are available, you can refer to the market price to determine.
Income measurement
Specific to "school income", it is necessary to clarify what kind of income it is in order to confirm and measure it in accordance with the above provisions.