T/NPO BFA 001-2020 Financial Management Regulations for Social Organizations

Scope

Scope: To standardize the financial behavior of social organizations, strengthen their financial management, safeguard their legitimate rights and interests, promote their healthy and orderly development, fill the gaps in accounting policies and systems for social organizations, and improve their policy and regulatory framework, this Regulation is formulated in accordance with the provisions and requirements of relevant laws and policies such as the Accounting Law of the People's Republic of China, the Accounting System for Civil Non-Profit Organizations, and the Interpretation of Several Issues. This Regulation applies to social organizations registered with civil affairs departments at all levels and those registered with relevant departments. Main technical content: Regulations on Financial Management of Social Organizations Article I: General Provisions Article II: Financial System Article III: Financial Staff Article IV: Accounting Treatment Article V: Income Management Article VI: Expenditure Management Article VII: Cash Management Article VIII: Fixed Assets Management Article IX: Tax Management Article X: Bill Management Article XI: Non-Cash Asset Donations Article XII: Entrusted Agency Business Article XIII: Long-Term Equity Investments Article XIV: Restricted Net Assets Article XV: Registration/Startup Funds Article XVI: Overseas Non-Governmental Organizations Article XVII: Impairment Losses on Assets Article XVIII: Investment in Civil Non-Profit Organizations Article XIX: Disclosure of Related-Party Transactions Article XX: Financial and Accounting Reports Article XXI: Accounting Archive Management Article XXII: Government Supervision and Management Article XXIII: Sample Bookkeeping Vouchers Appendix I: Accounting Law of the People's Republic of China Appendix II: Accounting System for Civil Non-Profit Organizations Appendix III: Measures for Government Purchasing Services

Development Information

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